openPR Logo
Press release

Dairy Alternatives market expected to grow at a CAGR of 13.3% till 2022

05-09-2017 02:35 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketIntelReports

Dairy Alternatives market expected to grow at a CAGR of 13.3% till

Dairy Alternative Market Report, published by Market Intel Reports, forecasts that the global market is expected to garner $21.7 billion by 2022, registering a CAGR of 13.3% during the period 2016-2022. Asia-Pacific generated the highest revenue of $4.0 billion in 2015, followed by North America. Asia-Pacific would continue to dominate the overall market throughout the forecast period owing to the increase in demand from countries such as China and India.

Browse our 133 Pages of Research report on “Dairy Alternative Market” @ http://www.marketintelreports.com/report/fo161678/dairy-alternative-market-by-source-soy-milk-almond-milk-rice-milk-other-sources-application-food-and-beverage

The segmentations by source include soy milk, almond milk, rice milk, and other dairy alternative sources. Soy milk accounted for the maximum market share of 53.2% in 2015, because of its extensive usage in refreshment drinks. Popularity of beverages formulated by the combination of soy beverages and fruit drinks has increased in countries such as China. Almond milk is projected to be the fastest growing segment with the CAGR of 14.4%, owing to its high demand in developed regions such as North America, driven by the rising vegan and obese population in countries such as the U.S.

Beverage is anticipated to be the faster growing segment compared to food. Beverages such as milk shake, energy drink, fruit mixed drinks, and others, prepared from soy, almond, coconut and other dairy alternative sources, are increasingly becoming popular. Food is further categorized into spread, creamer, yogurt, tofu and others. Spread segment is expected to gain maximum growth during the forecast period 2016-2022, as these spreads have lower level of saturated fats, compared to dairy spreads. Yogurts prepared from dairy alternative sources such as almond, soy and coconut are increasingly being consumed by vegan as well as other consumers due to their high nutritional content. The yogurt segment is expected to grow at a CAGR of 14.6% during 2016-2022.

The ability of dairy alternative products to provide similar nutritional benefits as that of conventional milk and related products, is expected to promote their demand. Further, the ongoing innovations aimed at improving the taste, flavor and formulation would propel the growth of dairy alternatives market, states Bhawna Kohli, Manager Research at AMR.

The segment by distribution channel includes large retail, small retail, specialty store, and online. Large retail accounted for the largest market share of around 55% in 2015, followed by specialty store. The online segment is anticipated to be the fastest growing, owing to the availability of a wide variety of products in different tastes, flavors and formulations at discounted prices; and the growing popularity of online shopping.

Asia-Pacific is projected to be the fastest growing region throughout the analysis period 2016-2022. China, being dominant in the Asia-Pacific especially contributes to the soy milk market share. The popularity has increased due to increasing usage of soy milk as refreshment drink. Similarly, increase in number of dairy allergic consumers in the developed markets such as Japan have boosted the market growth.

Avail more information from Sample Market Brochure of the report, Get a copy @ http://www.marketintelreports.com/pdfdownload.php?id=fo161678

Key Findings OfDairy Alternative Market
• Asia-Pacific would remain the largest revenue generating region throughout the analysis period.
• Almond milk segment is expected to be the fastest growing market during 2016-2022.
• In 2015, soy milk segment was the highest revenue-generating segment in the global dairy alternative market, followed by the almond milk segment.
• Market for dairy alternative products prepared from other sources such as coconut, cashewnut, oat and others would witness attractive growth during the forecast period.

Acquisition is one of the most widely adopted key growth strategies by existing market players to increase their market share. For instance, companies such as WhiteWave Foods Company of the U.S. and SunOpta Inc., of Canada made several acquisitions to extend their product line. The key companies profiled in the report include WhiteWave Foods Company (U.S.), Blue Diamond Growers (U.S.), SunOpta Inc. (Canada), Earths Own Food Company Inc. (Canada), Living Harvest Foods Inc. (U.S.), Hain Celestial Group, Inc. (U.S.), Organic Valley (U.S.), Panos Brands LLC (U.S.), Pascual Group (Spain), and Eden Foods Inc. (U.S.).

Purchase Dairy Alternative Market Report @ http://www.marketintelreports.com/purchase.php?id=fo161678

About Us:
MarketIntelReports (MIR) aims to empower our clients to successfully manage and outperform in their business decisions. We do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers.
MarketIntelReports currently has more than 150,000 plus titles and 100+ publishers on our platform and growing consistently to fill the “Global Intelligence Demand – Supply Gap”. We cover more than 15 industry verticals being: Automotive, Electronics, Manufacturing, Pharmaceuticals, Healthcare, Chemicals, Building & Construction, Agriculture, Food & Beverages, Banking & Finance, Media and Government, Public Sector Studies.

Contact us:
Sales Manager
Mayur S
2711 Centerville Road, Suite 400,
Wilmington,
Delaware,
19808
United States
www.marketintelreports.com
pr@marketintelreports.com
Telephone: 1-302-261-5343

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 Dairy Alternatives market expected to grow at a CAGR of 13.3% till 2022 here

News-ID: 529316 • Views: 248

More Releases from MarketIntelReports

Study on Future Growth Drivers of the Cloud Integration Market
Cloud Integration or integration platform as a service (iPaaS) is one of the fast emerging forms of cloud computing services that are delivered to configure data with various application programs. These application programs range from enterprise risk management (ERM), customer relationship management (CRM), database management system (DBMS), and business process management to web conferencing, and emails, etc. Cloud integration services are especially designed to help organizations of all sizes to
Analysis of Variables Pushing the Expansion of the Workforce Management Market
Workforce Management is an integrated set of processes that an institution or organization uses to optimize the productivity of its employees on the individual, departmental, and entity-wide levels. This report identifies the Workforce Management market size in terms of value for the year 2014-2016, and forecast of the same for year 2021. It highlights potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges,
Study on Future Growth Drivers of the Blockchain Market
The blockchain technology market size is estimated to grow from USD 210.2 Million in 2016 to USD 2,312.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 61.5% during the forecast period. In the report, 2015 is considered the base year, while the forecast period is 2016–2021. The objective of the report is to define, describe, and forecast the blockchain technology market on the basis of providers, applications, deployment
Glass Bonding Adhesives Market by End-Use Industry (Furniture, Electronics, Medi …
The use of adhesives and glues as a bonding agent between glass and other materials is increasing now a days. The glass bonding adhesives has a wide range of applications in automotive industry for bonding the glass in vehicles, manufacturing of water tanks and optical glasses, bonding of window glass to frame or structure etc. The selection of a suitable adhesive for proper bonding of glass depends upon various factors

All 5 Releases


More Releases for Dairy

Global Dairy Ingredients Market Analysis
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of dairy ingredients market. The report analyses the Global Dairy Ingredients Market- By Source (Whey and Milk Based), By Production Method (Membrane Separation and Traditional Method), By Type (Milk Powders, Milk Proteins, Whey Ingredients, Casein and Caseinates, Lactose and Derivatives and Others) and By Application
Dairy Alternative Market
The Global Dairy Alternative Market growth rate continues to gain remarkable momentum during the present decade. Manufacturers and users have acknowledged the nutritional efficacy of products offered by this industry. This is partially because of the efforts taken to expand the sources of dairy products to meet the heightened demand from growing population. However, the aggressive promotion of the trend for going vegan and animal-friendly is what delivered this market
Dairy Enzyme Market
https://www.qandqmarketresearch.com/reports/7333205/dairy-enzyme-market-41 The global Dairy Enzyme market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Dairy Enzyme market based on company, product type, end user and key regions. This report studies the global market size of Dairy Enzyme in key regions like
Dairy Market Is Thriving Worldwide
A new research document is added in HTF MI database of 585 pages, titled as 'Dairy Global Industry Almanac 2013-2022’ with detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions and important players/vendors such as The report will help you gain market insights, future trends and growth prospects for forecast period of 2013-22 Request a sample report @ https://www.htfmarketreport.com/sample-report/1251748-dairy-global-industry-2 - The global dairy market had
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
Dairy Alternative Market
SAN FRANCISCO, May. 03, 2018 According to a new report published by Variant Market Research, the global dairy alternative market size is forecasted to reach $28,745 Million by 2025 from $10,709 million in 2017, growing at a 13.1% from 2017 to 2025. Geographically, the global dairy alternatives market is dominated by Asia-Pacific region. Click Here to Request