Dairy Alternatives Market is Anticipated to Reach $35,804.6 million by 2026- Top 10 Leading Companies & Covid-19 Impact
Dairy alternatives are plant-based natural and chemical free milk products derived through grains, seeds, or nuts. Dairy alternative products act as a substitute for consumers who are allergic to dairy products or people who are on a vegan diet. Some of the major alternatives to dairy are non-dairy milk, ice cream, cheese, yogurts, juice, energy drinks, and soft drinks.
Download Sample Copy Of Report@ https://www.alliedmarketresearch.com/request-sample/6198
• 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.
The factors that drive the dairy alternatives market growth include health benefits associated with consuming plant based milk as they are high in micro and macronutrient content as well as low in fat and cholesterol content. The rise in fitness concerns among people in different regions has also helped the market. Additionally, increase in the number of lactose intolerant population, growing trend of veganism, and rise in disposable income also drive the market growth. However, increase in cost of raw materials due to unpredictable weather and high cost of production are expected to hamper the growth of market during the forecast period. Rise in the demand for alternatives to dairy by health-conscious consumers and frequent introduction of new flavors & variety are expected to provide numerous opportunities for expansion of the dairy alternatives market.
The dairy alternatives market is segmented on the basis of source, application, distribution channel, and region. By source, market is categorized into four segments, which include soy, almond, rice, and other sources. By application, the market is segmented as food which includes spread, creamer, yogurt, tofu and others; beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. Large retail, small retail, specialty store and online are the segmentations by distribution channel. Regionally, the market is classified into North America, Europe, Asia-Pacific, and LAMEA.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6198
According to the dairy alternatives market analysis by source, the soy segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. However, the other sources segment is expected to grow at the highest CAGR throughout the forecast period.
In 2018, the beverages segment was the most prominent segment accounting for maximum share in the global dairy alternatives market. However, the food segment is expected to witness notable growth, with a CAGR of 12.7% from 2019-2026.
Based on the distribution channel, the large retail segment was the leading distribution channel with most of the dairy alternatives market share in 2018. However, the online segment is expected to witness the fastest growth through the forecast period.
Based on the dairy alternatives market forecast, Asia-Pacific and North America accounted for the maximum share in the global market in 2018 and is expected to remain dominant during the forecast period. China is expected to grow with the highest CAGR throughout the forecast period, owing to the adoption of veganism among consumers.
Key Findings of the Dairy Alternatives Market :
• The dairy alternatives market was valued at $13,021.0 million in 2018 and is estimated to reach $35,804.6 million by 2026, growing at a CAGR of 13.6% through the forecast period.
• Based on source, the almond segment would witness the fastest growth, registering a CAGR of 14.6% during the forecast period.
• In 2018, based on application, the beverage segment held the highest share, accounting for more than half of the global market share.
• In 2018, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
• Asia-Pacific was the dominant region in 2018, accounting for more the two-fifth of the dairy alternatives market share.
The key players in the dairy alternatives industry profiled in the report are WhiteWave Foods Company, Blue Diamond Growers, SunOpta Inc., Earth’s Own Food Inc., Living Harvest Foods Inc., Kikkoman Corporation, Rebel Kitchen, Organic Valley, Panos Brands LLC, The Hain Celestial Group Inc., and Eden Foods Inc.
To Read More About This: https://www.alliedmarketresearch.com/dairy-alternatives-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free: 1-800-792-5285
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dairy Alternatives Market is Anticipated to Reach $35,804.6 million by 2026- Top 10 Leading Companies & Covid-19 Impact here
News-ID: 2393855 • Views: 142
More Releases from Allied Market Research
LED Market Registering a CAGR of 15.9% From 2018 to 2024 | Nichia Corporation, O …
The research provides detailed analysis of drivers, restraining factors, and opportunities of the global LED market. These insights would be helpful to know driving forces, emphasize on them, and adopt strategies to achieve growth. In addition, investors, market players, and new entrants can utilize these insights to explore new opportunities, determine the market potential, and achieve competitive edge. The report offers a detailed impact of the Covid-19 pandemic on the global
Functional Food Market Foreseen to Grow exponentially $267.92 billion over 2027
Rise in demand for functional food in developing nations, increase in consumption of natural sports drinks, changes in lifestyle & food habits, and surge in purchasing power of individuals fuel the growth of the global functional food market Functional Food Market by Ingredient (Probiotics, Minerals, Proteins & Amino Acids, Prebiotics, & Dietary Fibers, Vitamins and Others), Product (Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils
Cricket Equipment Market Forecast To 2026: Technology Trends, Productivity, Dema …
Cricket is the second most admired game in the world with approximately 2.5 billion fans. It is the national game of England and is most popular in the UK,India, Bangladesh, Sri Lanka, Pakistan, and Australia.The cricket equipment consists of bat, ball, helmet, batting gloves, wicket keeping gloves, abdominal guard, thigh guard, forearm guard, leg pads, shin pads, stump and bails, and other accessories. The cricket market is growing at a
Pet Accessories Market Size, Growth Analysis, Opportunities, Business Outlook an …
The Objective of the “Global Pet Accessories Market” report is to depict the trends and upcoming for the Pet Accessories Market industry over the forecast years. Pet Accessories Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2020 to 2027 mulling over 2019 as the base year of the market study. Attentiveness for the market has increased in
More Releases for Dairy
Organic Milk Market Forecast to 2027 – Andechser Dairy, Arla Food, Aurora Orga …
The Insight Partners published a new report, titled, “Organic Milk Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage. The COVID-19 outbreak is currently going the
Global Dairy Ingredients Market Analysis
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of dairy ingredients market. The report analyses the Global Dairy Ingredients Market- By Source (Whey and Milk Based), By Production Method (Membrane Separation and Traditional Method), By Type (Milk Powders, Milk Proteins, Whey Ingredients, Casein and Caseinates, Lactose and Derivatives and Others) and By Application
Dairy Alternative Market
The Global Dairy Alternative Market growth rate continues to gain remarkable momentum during the present decade. Manufacturers and users have acknowledged the nutritional efficacy of products offered by this industry. This is partially because of the efforts taken to expand the sources of dairy products to meet the heightened demand from growing population. However, the aggressive promotion of the trend for going vegan and animal-friendly is what delivered this market
Dairy Enzyme Market
https://www.qandqmarketresearch.com/reports/7333205/dairy-enzyme-market-41 The global Dairy Enzyme market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Dairy Enzyme market based on company, product type, end user and key regions. This report studies the global market size of Dairy Enzyme in key regions like
Dairy Market Is Thriving Worldwide
A new research document is added in HTF MI database of 585 pages, titled as 'Dairy Global Industry Almanac 2013-2022’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as The report will help you gain market insights, future trends and growth prospects for forecast period of 2013-22 Request a sample report @ https://www.htfmarketreport.com/sample-report/1251748-dairy-global-industry-2 - The global dairy market had
Dairy Alternative Market
SAN FRANCISCO, May. 03, 2018 According to a new report published by Variant Market Research, the global dairy alternative market size is forecasted to reach $28,745 Million by 2025 from $10,709 million in 2017, growing at a 13.1% from 2017 to 2025. Geographically, the global dairy alternatives market is dominated by Asia-Pacific region. Click Here to Request