With 13.58% CAGR, Dairy Alternatives Market to Hit USD
Pune, India, March 06, 2023 (GLOBE NEWSWIRE) -- The global the dairy alternatives market size was USD 22.25 Billion in 2021. The market is projected to grow from USD 25.19 Billion in 2022 to USD 61.43 Billion by 2029 at a CAGR of 13.58% during the 2022-2029 period. Fortune Business Insights™ publishes this information in a report titled, 'Dairy Alternatives Market, 2022-2029'. As per the report, the market is projected to grow during the projected period due to increasing veganism and rising inclination of consumers toward plant-based foods.
Get a Free Sample Research PDF:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/dairy-alternatives-market-100221
List of Key Players Profiled in the Market of Dairy Alternatives:
- Danone S.A. (France)
- Archer-Daniels-Midland Company (U.S.)
- Blue Diamond Growers (U.S.)
- SunOpta, Inc. (Canada)
- Vitasoy International Holdings Ltd (Hong Kong)
- Daiya Food, Inc. (Canada)
- Goya Foods, Inc. (U.S.)
- Living Harvest Foods, Inc. (India)
- Organic Valley (U.S.)
- Eden Foods, Inc. (U.S.)
Report Scope & Segmentation:
Report Coverage | Details |
Forecast Period | 2022-2029 |
Forecast CAGR | 13.58% |
2029 Value Projection | USD 61.43 Billion |
Base Year | 2021 |
Dairy Alternatives Market Size in 2021 | USD 22.25 Billion |
Historical Data | 2018-2020 |
No. of Pages | 185 |
Segments Covered | By Source, By Product Type, By Distribution Channel, By Region |
Dairy Alternatives Market Growth Drivers | Increasing Veganism to Bolster Market Growth |
Segments:
By Source
- Soy
- Almond
- Coconut
- Rice
- Oats
- Others
By Product Type
- Non-Dairy Milk
- Butter
- Cheeses
- Yogurts
- Ice Cream
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Others
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221
Report Coverage:
The report sheds light on qualitative and quantitative analysis of recent trends and current market conditions. Also, the developments and advancements in the industry are highlighted further in this report along with the drivers and restraints affecting the market growth during the forecast period. The impact of COVID-19 pandemic on market growth and expansion is given further in the report. Regional insights on segmented market areas are given with a list of leading market players in the industry.
Drivers & Restraints:
Increasing Veganism to Bolster Market Growth
The market is anticipated to grow significantly over the forecast period due to rising concerns for processed dairy products and increasing lactose intolerant population. Furthermore, product innovation strategies implemented by the leading market players are expected to fuel the market growth. Also, the rising consumption of vegan food and increasing veganism are expected to bolster the market during the forecast period.
However, low consumer awareness and sub-optimal market penetration may hamper market growth.
Regional Insights:
Asia Pacific Dominates Global Market Share Due to Rising Cases of Lactose Intolerance
Asia Pacific held a dominating global dairy alternatives market share in 2021 owing to rising cases of cow milk allergy and lactose intolerance among the population. Calorie concerns and higher prevalence of hypercholesterolemia and obesity are the major reasons for regional market growth.
North America is anticipated to hold the second-leading position due to the increasing demand for plant-based food products and surging veganism. Also, consumers intend to adopt a highly nutritional diet and develop their immunity.
Competitive Landscape:
New Product Launch Allow Companies to Improve their Business Performance
The leading companies focus on introducing products to attract customers and enhance their product portfolio. Rising adoption of the latest technologies and integration of emerging consumer demand allow companies to build their business performance.
Get a Quote Now:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/dairy-alternatives-market-100221
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview on the Parent/Related Market
- Analysis on Global Plant-Milk Sector
- Dairy Foods – Production and Consumption Trends
- Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- Market Analysis and Insights (in Relation with COVID-19)
- Impact of COVID-19 on the Market
- Supply Chain Challenges due to the Pandemic
- Potential Opportunities to Support the Market during the Global Crisis
- Global Dairy Alternatives Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Source (Value)
- Soy
- Almond
- Coconut
- Rice
- Oats
- Others
- By Product Type (Value)
- Non-dairy Milk
- Butter
- Cheeses
- Yogurts
- Ice Cream
- Others
- By Distribution Channel (Value)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retails
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Source (Value)
TOC Continued…!
Key Industry Development:
- January 2021: Nestle S.A. launched vegan, coconut milk-based, flat white coffee pods in the U.K. to offer consumer’s superior coffee made using lactose-free milk, a form of dairy alternatives.
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/dairy-alternatives-market-100221
Read Related Insights:
Plant Based Protein Supplements Market Size Forecast 2028; Evolving Consumer Tastes & Preferences in Emerging Economies to Bolster Product Sales, Says Fortune Business Insights™
Dietary Supplements Market Size to Hit USD 128.64 Billion by 2028 | Exhibiting a CAGR of 8.68%
Nutraceuticals Market to Worth USD 658.11 Billion by 2028 | Fortune Business Insights™
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin |Twitter |Blogs
TIN LIÊN QUAN
Chillers Market Expected to Hit US$ 4.8 Billion by 2026
Chicago, Feb. 14, 2023 (GLOBE NEWSWIRE) -- The global chillers Market is projected to grow from USD 4.1 billion in 2021 to USD 4.8 billion by 2026, at a...
Avionics Market to Hit USD 75.81 Billion by 2027 | At a
Companies Covered in Avionics Market are Avilution LLC (The U.S.), BAE Systems (The U.K.), CCX Technologies (Canada), Cobham PLC (The U.K.), Collins...
Zeolite Market to Reach USD 5.71 Billion by 2029 | A
Key companies covered in zeolite market are Honeywell International Inc., Arkema S.A., Tosoh Corporation, BASF SE, W. R. ...
Lubricants Market Estimated to Reach $187.9 Billion by 2027
Chicago, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The global lubricants market size is projected to reach USD 187.9 billion by 2027 from USD 164.8 billion in...
Particleboard Market Expected to Grow at 5.2% CAGR Till
NEW YORK, March 10, 2023 (GLOBE NEWSWIRE) -- IndexBox, a leading market research firm, has released its latest report on the global wooden particle board...
Global Somatic Cancer Mutation Testing Market Size
Thermo Fisher Scientific, Inc., Illumina, Inc., Invitae Corporation, F. Hoffmann-La Roche Ltd., MedGenome, CENTOGENE N.V., Myriad Genetics, Inc., eviCore...
Personal Floatation Devices Market
The paramount competitors covered in the global personal floatation devices market report include United Moulders Limited, Absolute Outdoor Inc., Marine...
Global Intelligent Battery Sensor Market - Forecasts to
The key players covered in the global intelligent battery sensor market report are AMS AG, Continental AG, Denso Corporation, EDN Network, HELLA GmbH & Co....
THỦ THUẬT HAY
Cách khắc phục khi Facebook của bạn bị 'dính' Virus
Nếu Facebook bị virus hoặc tài khoản của bạn đã bị hack? Dưới đây là bốn cách mà bạn nên thử: phục hồi tài khoản của bạn, thay đổi mật khẩu của bạn, loại bỏ các ứng dụng nghi ngờ, và thực hiện quét virus.
Đem tính năng bảo mật độc quyền của Galaxy A 2017 lên mọi máy Android
Bộ đôi Samsung A5 2017 và A7 2017 được trang bị tính năng bảo mật SecureFolder, xuất hiện lần đầu tiên trên siêu phẩm Galaxy Note 7. Đây là cách bạn mang tính năng độc đáo này lên tất cả các máy Android khác dễ dàng.
Cách tạo hình ảnh động với hiệu ứng đặc biệt chỉ với iOS 11 và Live Photo
Bản cập nhật iOS 11 mang lại khá nhiều thay đổi trong giao diện cũng như thêm các tính năng hay. Bài viết này sẽ hướng dẫn bạn tạo ra những bức...
Muốn chống theo dõi vị trí điện thoại, tắt định vị GPS là chưa đủ
Sở hữu một chiếc smartphone hiện đại sẽ mang lại nhiều tiện ích hữu dụng cho người dùng tuy nhiên cũng ẩn chứa không ít rủi ro. Một trong số đó là việc bị theo dõi vị trí bí mật. Hôm nay chúng tôi sẽ chia sẻ cho các
Cách sửa lỗi Adobe Flash Player bị chặn trên Cốc Cốc và Firefox
Không hiển thị nội dung Flash, Plugin không hồi đáp hoặc bị treo là những lỗi thường xuyên xảy ra khi duyệt web, chơi game khiến người dùng vô cùng khó chịu. Vậy phải làm sao đây?
ĐÁNH GIÁ NHANH
Đánh giá chi tiết thiết kế và cấu hình của Sharp Aquos S3
Được nâng cấp lớn về thiết kế cho tương xứng hơn với giá, ngoại hình của Sharp Aquos S3 được thay thế chất liệu nhựa bằng kính cong 3D kết hợp cùng với khung kim loại, điều này làm cho chiếc máy sang trọng cứng cáp
So sánh tốc độ iPhone X và iPhone 7 Plus
So với iPhone X, iPhone 7 Plus không thua kém là bao nhiêu cho thấy đây vẫn là một sản phẩm đỉnh cao của Apple.
Đánh giá pin Zenfone Go và Go Plus: Quá trâu trong tầm giá
Đánh giá pin của Zenfone Go và Go Plus - 2 smartphone có giá bán cực kì hấp dẫn và thiết kế trẻ trung đang được bán tại thị trường Việt Nam