The dairy alternative items are utilized for the eating regimens which are made for individuals having a dairy sensitivity. These are a gathering of sustenances which comprises of espresso whitener, impersonation cream, cheddar, and frozen yogurt. They are comparative in taste and surface to the honest to goodness dairy items, nondairy items can contrast notably in arrangement from items they look like. A few substitutes may contain drain segments regardless of non-dairy claims.
The Global Dairy Alternative Market accounted to USD 9.8 billion in 2017 growing at a CAGR of 12.4% during the forecast period of 2018 to 2025.
Also the Global Dairy Alternative Market Formulation Market (Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened, Others), Type (Almond Milk, Soymilk, Oat Milk, Hemp Milk, Coconut Milk, Rice Milk, Others), Application (Food {Cheese, Creamer, Yogurt, Pudding, Ice Cream}, Beverages {Milk, Sauces & Dressings}), Nutritive Component (Protein, Starch, Vitamins, Others), Geography – Industry Trends and Forecast to 2025.
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Major Market Drivers and Restraints:
Rising Consumer Preference for A Vegan Diet
Growing Cases of Lactose Intolerance & Milk Allergies
Fast Growth of Beverage Industry
Value Sensitivity
Inadequate Availability of Raw Materials
Market Segmentation: Global Dairy Alternative Market
By formulation the global dairy alternative market is segmented into plain & sweetened, plain & unsweetened, flavored & sweetened, flavored & unsweetened, and others.
By type the global dairy alternative market is segmented into almond milk, soymilk, oat milk, hemp milk, coconut milk, rice milk, and others.
By application the global dairy alternative market is segmented into food and beverages.
Food segment is further sub-segmented into cheese, creamer, yogurt, pudding, and ice cream.
Beverages segment is further sub-segmented into milk, and sauces & dressings.
By nutritive component the global dairy alternative market is segmented into protein, starch, vitamins, and others.
On the basis of geography, global dairy alternative market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2018, North America is expected to dominate the market.
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Competitive Analysis: Global Dairy Alternative Market
The global dairy alternative market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of dairy alternative market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Dairy Alternative Market
Some of the major players operating in global dairy alternative market are The Whitewave Foods Company, The Hain Celestial Group, Inc., Blue Diamond Growers, Sunopta Inc., Sanitarium Health and Wellbeing Company, Freedom Foods Group Limited, Eden Foods Inc., Nutriops S.L, Earth’s Own Food Company Inc., Triballat Noyal, Valsoia S.P.A., Döhler GmbH, Arla Foods, Amul, Amy’s Kitchen, Barry Callebaut, Cargill, Chr. Hansen, Crowley Foods, and Doves Farm Food, and Fonterra among others.
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