Press release
Dairy Alternatives Market A promising future ahead
Global Dairy Alternatives Market Report Scope:
• Market Size (2029): USD 35.09 thousand units
• Market Size (2024): USD 16.21 thousand units
• CAGR (2024 to 2029): 16.7%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Application, Distribution Channel & Country
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: Vitsoy International Holding Limited, CP Kelko, Daiya Foods Inc, WhiteWave Foods Company, Nutriops S.L, OT AB, Eden Foods, Freedom Food Group Co Ltd, Blue Diamond Grower Inc, Hain Celestial Group, and Others are playing a dominant role in the global dairy alternatives market.
The demand for dairy alternatives is increasing globally. Shifting the trend to minimize the dairy content in the daily diet and opting for dairy alternatives to maintain a healthy lifestyle is majorly promoting the growth rate of the dairy alternatives market. People are being influenced by social media content regarding the restrictions on consuming dairy products, which is greatly influencing the growth rate of the market. Dairy alternatives like almond milk, soy milk, oat milk, and others are in huge demand as they are rich in protein and calcium and provide high nutritional value. The launch of different healthy-based products with dairy alternatives is attracting many customers nowadays. Top companies like Danone have taken steps forward to introduce plant-based food products, including yogurt. In 2022, DMK unveiled rice-based desserts and vegan chocolate milk through German retailers, which is anticipated to showcase a new scope for dairy alternatives across the world.
According to Vegan Society, the shifting trend towards dairy alternatives may decrease environmental pollution to some extent. Plant-based food products may decrease the concern over environmental pollution as livestock is responsible for only 18% of greenhouse gases. Growing support from government bodies to transform traditional dairy products into dairy alternatives is accelerating the growth rate of the market. Increasing concerns across the globe over the greenhouse house, the number of dairy alternative product launches has also increased since 2020. Reportedly, almost 73% of new products between May 2020 and April 2021 are based on dairy alternatives. Increasing popularity in the launch of high-quality dairy alternatives with key proteins and multivitamins, which are safe and healthy with good flavors, is anticipated to leverage the market growth rate.
However, the declining crop production rate of soy, almonds, and other raw materials required for producing dairy alternatives is eventually increasing the cost of the final products, which is acting as a restraining factor for the growth rate of the market. Government authorities are taking a long time to give approvals for newly launched products so as to accept only high-quality products in favor of public safety, which is a big challenging factor for the market's key players. Changes in climatic conditions are another factor that is causing the growth rate of the dairy alternatives market to decline.
Browse full details of the report @ https://www.marketdataforecast.com/market-reports/dairy-alternatives-market
Key Insights from the Report:
• By Application, the milk segment took over the global dairy alternatives market in 2023. When choosing beverages, consumers prioritize health and convenience. The companies have diversified their beverage offering with products containing almond milk, coconut milk, and soy milk and other ingredients from non-dairy products and alternatives derived from hemp, oatmeal, or flax.
• By Distribution Channel, the online store is anticipated to be the fastest-growing segment in the global dairy alternatives market during the forecast period. The growth of online stores is due to the wide range of specific dairy-free food options at reduced prices compared to traditional retail prices to attract more customers.
• Asia-Pacific dairy alternatives market is expected to show the fastest growth of more than 10% during the forecast period. Economic development, improved living standards, increased consumer spending on food, and the impact of Western trends will stimulate demand for dairy alternative industries.
• Vitsoy International Holding Limited, CP Kelko, Daiya Foods Inc, WhiteWave Foods Company, Nutriops S.L, OT AB, Eden Foods, Freedom Food Group Co Ltd, Blue Diamond Grower Inc, Hain Celestial Group and Others.
SEGMENTATION INCLUDED IN THIS REPORT:
By Application:
• Milk
• Cheese
• Yogurt
• Ice Creams
• Creamers
By Distribution Channel:
• Supermarkets
• Health Stores
• Pharmacies
• Online Stores
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Browse Regional Reports:
North America Dairy Alternatives Market Research Report - segmented by Application, Distribution channel, and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-dairy-alternatives-market
Europe Dairy Alternatives Market Research Report Research Report - segmented by Application, Distribution channel, and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-dairy-alternatives-market
APAC Dairy Alternatives Market Research Report - Segmented By Application, Distribution Channel &Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) - https://www.marketdataforecast.com/market-reports/asia-pacific-dairy-alternatives-market
Latin America Dairy Alternatives Market Research Report - segmented by Application, Distribution channel & By Country (Brazil, Argentina, Chile, and Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-dairy-alternatives-market
Middle East & Africa Dairy Alternatives Market Research Report - Segmented By Application, Distribution channel & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2024 to 2029 - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-dairy-alternatives-market
TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Dairy Alternatives Market, By Application
6.1.1 Milk
6.1.2 Cheese
6.1.3 Yogurt
6.1.4 Ice Cream
6.1.5 Creamers
6.1.6 Market Size Estimations & Forecasts (2024-2029)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Dairy Alternatives Market, By Distribution Channel
6.2.1 Supermarkets
6.2.2 Health Stores
6.2.3 Pharmacies
6.2.4 Online Stores
6.2.5 Market Size Estimations & Forecasts (2024-2029)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Application
7.2.3 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Application
7.3.3 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Application
7.5.3 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Application
7.6.3 By Distribution Channel
8. Key Player Analysis
8.1 Vitsoy International Holding Limited
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Archer Daniel Midlands
8.3 CP Kelko
8.4 Daiya Foods Inc
8.5 WhiteWave Foods Company
8.6 Nutriops S.L
8.7 Eden Foods
8.8 Freedom Food Group Co Ltd
8.9 Blue Diamond Grower Inc
8.10 Hain Celestial Group, Inc
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Contact Us:
MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081
MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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