Press release
Dairy Alternative Market to Witness Huge Growth by 2031: | Top key players - Valsoia, Triballat Noyal, The Whitewave Foods Company.
The Global Dairy Alternative Market reached USD 22.2 billion in 2022 and is expected to reach USD 44.6 billion by 2031 growing with a CAGR of 8.9% during the forecast period 2024-2031.The Dairy Alternative Market, as analyzed by DataM Intelligence, offers a comprehensive industry overview backed by in-depth insights, historical trends, and key statistics. The report dives deep into market dynamics and competitive strategies, profiling major players along with their product portfolios, pricing models, financial performance, growth initiatives, and regional presence.
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The Dairy Alternative Market comprises plant-based and non-dairy products designed to replace traditional milk, cheese, yogurt, and butter. Made from sources like soy, almond, oat, and coconut, these products cater to lactose-intolerant, vegan, and health-conscious consumers. Driven by sustainability, dietary preferences, and animal welfare concerns, the market includes both refrigerated and shelf-stable options, expanding globally.
Major players in the Dairy Alternative Market
The prominent players in Dairy Alternative market research report are: Blue Diamond Growers, Earth's Own Food Company, Inc., Valsoia, Triballat Noyal, The Whitewave Foods Company, Sunopta Inc., Döhler GmBH, Free-dom Foods Group Limited, Eden Foods Inc. and Nutriops S.L.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
February 2023 - Kagome USA, a global leader in sauce production, expanded into the plant-based market with the U.S. launch of its innovative sweet and savory vegan butter blends. This strategic move positioned the company at the forefront of the growing plant-based alternatives sector.
April 2022 - Wicked Foods, Inc. made waves in the plant-based industry by introducing America's first-ever line of plant-based ice creams and frozen novelties. This groundbreaking product launch marked a significant milestone in the company's mission to revolutionize dairy-free alternatives.
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Market Segments
By Type: Almond Milk, Soy Milk, Coconut Milk, Cashew Milk, Others.
By Application: Milk, Beverages, Frozen dessert, Yogurt, Others.
By Formulation Type: Original & Sweetened, Original & Unsweetened, Flavoured & Sweetened, Flavoured & Unsweetened.
The Dairy Alternative industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Dairy Alternative Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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