Global dairy alternatives market By Product Type, By Formulation, By Application, By Distribution Channel and Geography .Top Key Players are SunOpta Inc., Blue Diamond Growers, The Hain Celestial Group, Inc. (U.S.), Blue Diamond Growers (U.S.), Nutriops SL and Eden Foods
The global dairy alternatives market was valued around US$ XX Mn in 2017 and growing at a significant CAGR over eight years forecast period 2018-2025
Precision Business Insights (PBI) in its report titled “Global dairy alternatives market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 and Forecast 2018-2025” assesses the market performance over eight years forecast period over 2018-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Market boosts and restraining factors
Increasing incidence of dairy-allergies and gastrointestinal diseases is the key factor attributed for the growth of the dairy alternatives market. The rising lactose intolerance among the people and growing awareness among the people regarding the nutritional values of the plant-based alternatives is adding fuel to the growth of the dairy alternatives market.
However, the high cost of the dairy alternatives and cross-contamination of the raw materials may hinder the growth of this market.
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The global Dairy alternatives market is segmented based on the product type, formulation, application, distribution channels and geographical regions.
Asia-Pacific holds the largest share in the global market
Asia Pacific dairy alternatives market to keep the top spot in the global dairy alternatives market. China contributes the largest share in the Asia Pacific dairy alternatives market owing to higher awareness among the people regarding the alternative dairy products is the major factor enriching the growth of the market.
The North America dairy alternatives market holds the second largest share owing to its higher preference for convenience and packed food.
The Europe dairy alternatives market is the expected to show significant growth over the forecast period.
Some of the players in the global respiratory inhaler devices market include:
- Döhler GmbH. (Germany)
- Eden Foods (U.S.)
- Nutriops SL. (Spain)
- Earth’s Own Food Company Inc. (Canada)
- Triballat Noyal (France)
- Valsoia S.p.A (Italy)
- Whitewave Foods (U.S.)
- The Hain Celestial Group, Inc. (U.S.)
- Blue Diamond Growers (U.S.)
- SunOpta Inc. (Canada)
Some of the notable market developments include
In January 2018, Valio has launched oat-based milk and yogurt alternatives.
Detailed segmentation
By product type
- Coconut Milk
- Soy Milk
- Rice Milk
- Almond Milk
- Others
By formulation
- Sweetened Products
- Plain Sweetened Formulation
- Flavored Sweetened Formulation
- Unsweetened Products
- Plain Unsweetened Formulation
- Flavored Unsweetened Formulation
By application
- Food
- Beverages
By end-users
- Super Markets
- Food Stores
- Convenience Stores
- Others
By geographical regions
- North America
- Latin America
- Europe
- Asia-Pacific
- The Middle East & Africa
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