Press release
Dairy Alternatives Market Growth Opportunity 2022 by Size, Share, Drivers, Trends, Key Findings and Demand Forecast to 2029
The Global Dairy Alternatives Market is forecast to reach above USD 52.5 billion by 2028 by rising at a compound annual growth rate (CAGR) of 12.5% throughout the forecast period from 2019 to 2028Dairy Alternatives Market Overview
The health benefits of dairy replacements have led to their widespread use in a variety of applications around the world. Changing lifestyles, rising health awareness, and an increase in cases of lactose allergy are all propelling the global industry forward. Because of the agricultural production base for plant-based sources, the Asia Pacific area will dominate the market.
The demand for unsweetened dairy alternatives is increasing as consumers are seeking to avoid additional calories brought in by the added sugar. Consumers are also opting for dairy alternatives as a means to cut back on calories consumed as dairy products generally contain a high number of calories
The global Dairy Alternatives market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
SunOpta announced its investment of USD 26 million into its Minnesota-based oat processing facility. This will enable the company to meet the rising demand for oat milk in the US. The Minnesota facility produces oat base, which is used for plant-based ice creams and yogurts as well as milk alternatives
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Dairy Alternatives market manufacturers. The revenue created from the sales of Dairy Alternatives Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are The Hain Celestial, SunOpta, Danone, Freedom Foods Group, Earth's Own Food Company, Valsoia S.p.A, Melt Organic, Oatly, Living Harvest Foods, Ripple Foods and Others.
The Dairy Alternatives Market has been segmented as below:
Dairy Alternatives Market by Source, 2019-2028, (In USD Million)
Soy
Almond
Coconut
Rice
Oats
Others
Dairy Alternatives Market by Product, 2019-2028, (In USD Million)
Milk
Yogurt
Ice Cream
Cheese
Cream
Others
Dairy Alternatives Market by Distribution Channel, 2019-2028, (In USD Million)
Supermarkets
Convenience Stores
Online Retails
Others
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Dairy Alternatives Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Dairy Alternatives market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Dairy Alternatives Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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