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Dairy Alternatives Market Is Your Company Prepared for Future Growth? WhiteWave Foods Company, SunOpta Inc., Blue Diamond Growers, Living Harvest Foods Inc

04-07-2021 02:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Dairy Alternatives Market

Dairy Alternatives Market

Dairy Alternatives Market by Source (Soy, Almond, Rice and Other Sources), Application (Food, Beverages, Dairy-free Probiotic Drinks and Others), Distribution Channel (Large Retail, Small Retail, Specialty Stores and Online): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global dairy alternatives industry was pegged at $13.02 billion in 2018 and is projected to reach $35.80 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026.

Covid-19 scenario:
• During the coronavirus pandemic, operations regarding production and supply of dairy alternatives have not been affected much as it comes under “essential goods” category.
• However, research & development activities have been halted by manufacturers of dairy alternatives during the outbreak.

Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/6198

Rise in disposable income, growth in number of vegan people, and increase in demand for plant-based milkdrive the growth of the global dairy alternatives market. However, high cost and rising demand for low cholesterol and low fat conventional milk hinder the market growth. On the other hand, rising R&D activities for taste and flavors in dairy alternatives create new opportunities in the coming years.

Based on application, the beverages segment held the largest share in 2018, accounting for nearly three-fourths of the global dairy alternatives market. Furthermore, the segment is expected to maintain its dominance throughout the study period. Moreover, the segment is expected to portray the fastest CAGR of 14.0% during the forecast period. This is due to increase in demand for plant-based chemical-free milk by lactose intolerant population and growing popularity of dairy free probiotic drinks.

Based on distribution channel, the large retail segment held the lion's share in 2018, contributing to more than half of the global Dairy alternatives market. This is owing to rise in adoption of large retail formats such as supermarket and hypermarket in both the mature and emerging markets. However, the online segment is expected to manifest the fastest CAGR of 14.8% during the forecast period. This is due to increase in penetration of Internet at a global level, rise in popularity of online shopping, and surge in dependence of consumers on mobile banking.

The global Dairy alternatives market across Asia-Pacific dominated in 2018, contributing to more than two-fifths of the market. Moreover, the region is expected to register the fastest CAGR of 14.5% during the study period. This is due to rise in the trend of veganism and surge in consumers' awareness about health and fitness in the region. On the other hand, North America held the second-largest share in terms of revenue.

Access Full Report Summary: https://www.alliedmarketresearch.com/dairy-alternatives-market

Leading market players analyzed in the research include WhiteWave Foods Company, SunOpta Inc., Blue Diamond Growers, Living Harvest Foods Inc., Earth’s Own Food Inc., Rebel Kitchen, Kikkoman Corporation, Panos Brands LLC, Organic Valley, Eden Foods Inc., and The Hain Celestial Group Inc.,

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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