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Dairy Alternative Market with Detailed Analysis, Competitive landscape, Forecast to 2027

02-11-2021 07:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Dairy Alternative Market

Dairy Alternative Market

Dairy alternative products are substitutes for cow’s milk, which are processed from cereals, nuts, and seeds of certain plants. This food group is a vital part of a healthy and balanced diet as they are good sources of calcium, protein, and vitamins, which are necessary for normal bone growth and tooth development. The dairy alternatives can be used as milk in cooking and baking. Demand for dairy alternatives is driven by the low-fat content and low cholesterol concentration in it. Increase in obese and vegan population and rising health awareness among public globally are expected to propel the market growth.

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Soy milk accounts for a maximum market share in global dairy alternatives market as it is widely used in refreshment drinks. Dairy alternatives are used in beverages such as energy drink and mixed fruit drink that are being popularly consumed. Thus, the high demand in beverages industry is expected to drive the dairy alternatives market during the forecast period.

Dairy Alternative Market Taxonomy

On the basis of source, the global market is classified as:
Almond Milk
Soy Milk
Rice Milk
Oat Milk
Coconut Milk
Others

On the basis of formulation type, the global market is classified into:
Plain Sweetened
Flavor Sweetened
Plain Unsweetened
Flavor Unsweetened
Others

On the basis of distribution channel, the global market is classified into:
Supermarkets
Convenience Retailers
Pharmacy
Health food stores
Others

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Some of the key players in the global dairy alternatives market includes The Whitewave Foods Company, SunOpta, Hain Celestial, Pascual Group, Elden’s Fresh Foods & Media Solutions Corp., Healthy Brands Collective, Earth’s Own Food Company Inc., Blue Diamond Growers, Freedom Foods Group, Oatly AB, Stremick’s Heritage Foods, and Vitasoy Holdings Limited.

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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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