Dairy-Free Products Market Assessment, Strategic Developments, and Forecast-2025

Market Introduction:
Owing to increasing veganism and high prevalence of lactose intolerance among individuals across the globe, individuals have started to opt for dairy free diets. This trend of consuming dairy-free products is increasing among millennial owing to ethical issues related with treatment of animals, increasing allergies to dairy products, lactose intolerance etc. Dairy-free products are increasingly penetrating the market, as individuals are getting inclined towards it either because of lifestyle choice or health issues such as lactose intolerance. Dairy-free products are assumed to be a rich source of fibers which helps in improving gut health of an individuals. Dairy-free diets simply refers to the balanced diet except for dairy products which are replaced with calcium fortified plant based alternatives such as coconut milk, almond milk, soy milk, etc.
Dairy-free products market is expected to witness significant growth over the forecast period, owing to increasing demand for dairy alternatives among the population across the globe. Increasing veganism among the individuals across the globe is driving the sales of dairy-free products market.
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Dairy-Free Products Market: Segmentation
Dairy-free products market is segmented on the basis of nature, product type, end-use, sales channel and region.
On the basis of nature, dairy-free products market is segmented into organic and conventional. Organic segment of dairy-free products market is expected to witness relatively high growth over the forecast period, as it is assumed that organic products are more healthful as compared to conventional food products.
Dairy-free products market is further segmented on the basis of product type into beverages, yogurts, ice-creams and desserts, bakery products, cheese and butter spreads, creamers, chocolates and others. Beverages segment is further sub-segmented into milk, dairy-free kefir and others.
On the basis of end-use, dairy-free products market is segmented into household and commercial. Commercial segment is sub-segmented into HoReCa, bakery, institutional sales and others.
Dairy-free products market is further segmented on the basis of sales channel into modern trade, convenience stores, specialty outlets, modern grocery stores, online retailing and other retailing formats. Modern trade segment is expected to exhibit relatively high value CAGR over the forecast period.
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