openPR Logo
Press release

Exploring the Dairy-Free Revolution: A Guide to Delicious Dairy Alternatives

06-06-2023 03:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Dairy Alternatives

Dairy Alternatives

Dairy Alternatives Market is projected to reach US$ 51,656.58 million by 2028 from US$ 28,181.76 million in 2022; it is expected to grow at a CAGR of 10.6% from 2022 to 2028.

Dairy alternatives are non-dairy, dairy-free, or plant-based dairy products, such as milk, ice cream, yogurt, cheese, butter, and cream. Dairy alternatives are manufactured using plant-based milk, such as soy milk, almond milk, coconut milk, and pea milk.

Get PDF Copy - https://www.theinsightpartners.com/sample/TIPRE00004533/?utm_source=OpenPR&utm_medium=10562

Dairy alternatives are lactose-free and can be consumed by the lactose intolerant population. Moreover, dairy alternatives' calorie and fat content are less than conventional dairy milk, which makes them popular among calorie-conscious people and fitness enthusiasts. The rising health-consciousness among consumers and the increasing popularity of plant-based diets are the key factors driving the growth of the dairy alternatives market.

Over the past few years, the veganism trend has been evolving at a faster pace. According to Veganuary (a non-profit organization that encourages individuals worldwide to go vegan for the whole month of January), in 2022, more than 620,000 people registered for the Veganuary campaign, and the registrations increased by 200% in the last three years. People are increasingly switching to a vegan diet owing to increasing health and sustainability concerns.

The rising health consciousness among people due to the increasing prevalence of obesity, diabetes, and other diseases is compelling people to change their dietary habits. People generally perceive plant-based products to be healthier than conventional ones. This factor is significantly boosting the growth of the dairy alternatives market.

The key players operating in the global dairy alternatives market include SunOpta; Blue Diamond Growers; Nestle SA; Danone S.A.; Oatly Inc.; Califia Farms, LLC; Valsoia S.p.A.; Lactasoy co.th.; Sanitarium; and Valio Ltd. These companies are making significant investments in R&D to develop innovative products such as gluten-free, organic, clean-label, genetically modified organisms-free (GMO-free), allergen-free, and high-protein products, to expand dairy alternatives market size.

Impact of COVID-19 Pandemic on Dairy Alternatives Market

The COVID-19 pandemic brought unprecedented challenges for many industries, including the food & beverages industry. Lockdowns, border restrictions, travel bans, plant shutdowns, and other government-led safety protocols disturbed the operations of manufacturing companies. The COVID-19 pandemic also created a shortfall in production due to raw material and labor shortages, which hampered the market shares of small-scale and large-scale food and beverage manufacturers across different geographies. However, due to a significant shift in consumer dietary preferences, the demand for dairy alternatives increased dramatically after the COVID-19 outbreak.

Health and wellness trends evolved significantly during the pandemic, which benefitted the growth of the dairy alternatives market as consumers perceive plant-based dairy products to be healthier than conventional dairy products. However, due to the economic crisis caused by the COVID-19 outbreak and the premium prices of plant-based dairy products, the dairy alternatives market witnessed moderate growth. Further, in 2021, as the governments announced a relaxation in restrictions and permitted manufacturers to operate at full capacity, the global marketplace witnessed significant growth. This factor also boosted the market as the supply chains improved and production volumes increased. The COVID-19 pandemic increased health awareness among consumers. They increasingly prefer plant-based food as they believe it offers enhanced health benefits. This factor is further driving the dairy alternatives market growth.

Place a Purchase Order to Buy a Complete Copy of this Report @ https://www.theinsightpartners.com/buy/TIPRE00004533/?utm_source=OpenPR&utm_medium=10562

The report segments the dairy alternatives market as follows:

Based on source, the dairy alternatives market is segmented into soy, almond, coconut, oats, and others. Based on product type, the market is segmented into milk, ice cream, yogurt, cheese, and others. Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Exploring the Dairy-Free Revolution: A Guide to Delicious Dairy Alternatives here

News-ID: 3079497 • Views:

More Releases from The Insight Partners

Weight Loss Market Growth, Trends, and Forecast by 2031
Weight Loss Market Growth, Trends, and Forecast by 2031
The growing global prevalence of obesity is a significant driver for the weight loss market. With more individuals suffering from weight-related health issues like diabetes and cardiovascular diseases, there is an increasing demand for weight loss solutions, including diet programs, supplements, and fitness services, boosting market growth. A surge in health consciousness among individuals is propelling the demand for weight loss products and services. People are becoming more aware
Cryptocurrency Exchange Platform Market Statistics, Trends, and Key Players by 2031
Cryptocurrency Exchange Platform Market Statistics, Trends, and Key Players by 2 …
The cryptocurrency exchange platform market size is expected to grow at a CAGR of 28.3% from 2025 to 2031. The increasing popularity of digital assets, such as cryptocurrencies and Non-Fungible Tokens (NFTs), is expected to drive demand for cryptocurrency exchange platforms. People in developed countries, such as the US and Canada, are quickly adopting digital currencies due to their flexibility and ease of transaction. The growing popularity of mobile-based
Electric Vehicle Charging System Market is Booming Worldwide According to New Research Report Forecast to 2031
Electric Vehicle Charging System Market is Booming Worldwide According to New Re …
The surging demand for electric vehicles, driven by rising environmental concerns and government incentives, is a primary driver of the electric vehicle charging system market. As consumers increasingly opt for EVs to reduce their carbon footprint, the need for reliable and extensive charging infrastructure becomes critical. This trend is supported by various initiatives from governments worldwide, including tax credits, grants, and subsidies aimed at promoting EV adoption, thereby accelerating the
Virtual Data Room Market Dynamics and Trends by 2031
Virtual Data Room Market Dynamics and Trends by 2031
The virtual data room market size is projected to reach US$ 5.62 billion by 2031 from US$ 1.75 billion in 2023. The market is expected to register a CAGR of 15.7% during 2023-2031. Increasing adoption of mergers and acquisitions across multiple industries and the development of advanced VDR technology for due diligence are likely to remain key trends and drivers in the market. The virtual data room market is experiencing significant

All 5 Releases


More Releases for Dairy

Camel Dairy Market : Market Will Hit Big Revenues In Future| Camilk Dairy, The G …
The latest survey on Camel Dairy Market is conducted to provide hidden gems performance analysis of Camel Dairy to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario in
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
Organic Milk Market By Key Players: Arla Food, Horizon Organic, Organic Valley, …
Organic Milk Industry Overview Organic Milk is a type of drinking milk that made from organic raw milk with organic certification (Such as EU-Eco-regulation, USA NOP, etc.). The Organic Milk market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Organic Milk market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have
Global Dairy Stabilizers Market to Experience Significant Growth during the Fore …
The global dairy stabilizers market is likely to foresee a tremendous rise in its demand due to the rise in consumption of dairy products. Increasing urbanization has made the trend for consumption of fast foods and processed foods which are known to have chemicals and other harmful ingredients. These products have made a harmful impact on one’s health. One of visible result of consumption of these types of foods are
Dairy and Non-dairy Milk Market: Health Benefits of Non-Dairy Milk to Increase A …
Milk is characterized by two incredibly different markets such as dairy milk market and non-dairy milk market. Dairy market is large in size however have declining growth rate whereas, non-dairy is small but is quickly gaining traction across the globe owing to health benefits associated with it. Products with strong functional and ethical claims witnesses areas of opportunity for both milk markets and overall premiumzation of milk is likely to
Global Organic Dairy Food and Drinks Market 2018 - DCI Cheese Company, Alto Dair …
"Accord Market, recently published a detailed market research study focused on the “Organic Dairy Food and Drinks Market” across the global, regional and country level. The report provides 360° analysis of “Organic Dairy Food and Drinks Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future