Dairy Alternatives Market Size with CAGR of 12.5%, Share & Trends Analysis Report By Source, By Product, By Distribution Channel, And Segment Forecasts, 2023 to 2032

Dairy Alternatives Market size was valued at USD 23.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030.

The demand-supply dynamic, pricing, profit margins, production, and value chain / ecosystem analysis are just a few of the major topics examined in this paper. Regional analysis of the global dairy alternatives industry reveals a wealth of unrealized potential in local and regional markets. Users can assess business shares analysis, new product lines, the potential for NPD in new markets, pricing tactics, innovation opportunities, and much more with the help of detailed company profiling.

Dairy substitutes offer a variety of advantages. The carbon strength of dairy replacements, which is correlated to the amount of milk that cows produce, may be their most significant use. Livestock is estimated to be responsible for 15% of the world's greenhouse gas emissions. The majority of it is the dairy industry's responsibility. As carbon-absorbing trees are removed to make way for grazing pasture for the cattle, deforestation combines the effects. By limiting the consumption of animal products, land loss and the acceleration of emissions are stopped, and the demand for these pricey goods is reduced. Dairy substitutes also have a longer shelf life, which reduces waste and food deterioration.

Due to changes in consumer eating habits and changing diet trends, the industry is expanding and experiencing increasing demand. Over the forecast period, it is anticipated that an increase in incidences of lactose intolerance and milk allergies will further fuel demand for dairy substitutes. Thus, the product is used in many food and beverage goods to appeal to the expanding consumer base that chooses plant-based and other dairy alternatives.

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Market Segmentations:
Global Dairy Alternatives Market: Major Players
Living Harvest Foods
Elden Foods
SunOpta
Organic Valley
Pascual Group
Panos Brands
Blue Diamond Growers
Plamil Foods Ltd
Hain Celestial Group
Daiya Foods
WhiteWave Foods Company
Nutriops
Archer Daniels Midland
Sanitarium Health & Wellbeing
Earths Own Food

Global Dairy Alternatives Market: By Types
Soy Milk
Almond Milk
Rice Milk
Others

Global Dairy Alternatives Market: By Applications
Food
Beverages
Others

Global Dairy Alternatives Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Dairy Alternatives market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Market Dynamics:

• A major restraint in the dairy alternatives market is the health defects and allergies caused by plant-based dairy products like almond and coconut milk.
• The major driver in the dairy alternatives market is the rising number of milk-allergic consumers and lactose-intolerant consumers around the globe.
• The common systems of lactose intolerance are indigestion, abdominal pain. Experts estimate that about 65% of the total world population has lactose mal-absorption.
• The human immune system assumes the harmless proteins from these nuts as threats and develops a reaction to them.
• These factors are projected to affect the growth of nut-based dairy alternatives like almond milk in the aforementioned forecast period.
• Nut-based products are known to cause allergies that affect respiratory tracts.

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leading Growth factors of Market:
• Almond milk is becoming a popular alternative for dairy products, especially among youth. They are health-conscious and partake in diets that are vegan.
• Almond milk is an affluent substitute due to its fiber, lipid, and protein content.
• Additionally, almond milk regulates blood pressure and tends to be beneficial for the kidney, skin, and heart. It is growingly being consumed in the diet as a means of prevention of related diseases.
• Increasing demand for unsweetened dairy alternatives is growing as consumers want to circumvent additional calories present in added sugar.
• Consumers are also selecting dairy alternatives to reduce their calorie intake, as dairy products are usually infused with high calories.
• In context to weight loss, many consumers are substituting cow or buffalo milk with almond and soy milk.
• Therefore, there will be growth as fitness-conscious consumers are increasing globally.

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