Growing consumer preference for a vegan diet is expected to remain the principle force driving the demand for dairy alternative market.
Asia Pacific is projected to witness the fastest growth at over 10% from 2019 to 2025. Economic development, improved standard of living, increased consumer spending on foods, and influence of western trends will provide an impetus to dairy alternatives market size.
The "Global Dairy Alternative Market Analysis to 2027" is a specialized and in-depth study of the dairy alternatives industry with a special focus on the global market trend analysis. The report aims to provide an overview of dairy alternatives market with detailed market segmentation by source, application, formulation, nutrient, and distribution channel and geography.
Global Dairy Alternatives Market Analysis By Product, By Formulation, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Dairy Alternatives market research report 2019 provides an insight of top players in Global market their market share, sales, revenue and a complete overview of the market competition with industry forecast and analysis.
The Dairy Alternatives market research report is a professional and in-depth study on the current state of global Market. The market Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Key Players - Blue Diamond Growers, Danone, SunOpta, Sanitarium, Earth's Own, Food Company Inc., Oatly, Grupo Lactalis Iberia, Pureharvest, Kite Hill, Ripple Foods
The global dairy alternatives market is fueled by increasing consumers’ preference towards vegan food, growing instances of lactose intolerant consumers, and nutritional benefits provided by such foods.
Asia Pacific market accounted for largest share in dairy alternatives market. Large market share in this region is attributed to rapid urbanization, diet diversification, & liberalization of foreign direct investment in food sector. Apart from this, rise in income, purchasing power, rapid growth of middle-class population, increase in consumer awareness about health & fitness, and consumer demand for nutritional & healthy products provide promising prospects to market players for growth and diversification in the region’s food sector.
Millions of people have switches from cow's milk and dairy products to milk alternatives or substitutes. The following two reports analyze the global dairy substitute market and soy milk market.
The Asia Pacific market accounted for the largest share in the dairy alternatives market. The large market share in this region is attributed to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector.
According to Goldstein Research, plant-based milk market growth is generally driven by the people with medical issues or lactose intolerance conditions but some people also opting plant-based milk products for daily lifestyle reasons or for better living standards
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