Global Dairy Alternatives Market size was valued at US$ 22.95 Billion in 2021 and the global Dairy Alternatives revenue is expected to grow at 12.5% through 2022 to 2029, reaching nearly US$ 58.88 Billion.
Dairy Alternatives Market Overview
The Market overview report provides a comprehensive analysis of the dynamics of the Dairy Alternatives Industry, including insights into the competition and rivalry among industry players. The report offers revenue forecasts for the global, regional, and segment levels of the industry, with a focus on sales forecasting by region and segment. This sales forecasting is a key highlight of the report, providing valuable insights into the expected performance of the industry in various Markets.
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Dairy Alternatives Market Report Scope and Research Methodology
The report uses a combination of primary and secondary research methods to analyze the Dairy Alternatives Market. Primary research involves the collection of data directly from the Market through surveys, interviews, and observations. This type of research provides first-hand information about the Market, which is valuable for understanding customer behaviour and preferences, Market trends, and other important aspects of the industry. Secondary research involves the collection of data from published sources such as industry reports, company websites, and news articles. This type of research provides a broad overview of the Market and can be used to gather information about industry trends, Market size, and key players.
The report also includes an extensive, Market-oriented, and commercial analysis of the Market, utilizing a variety of research techniques. The Market was analyzed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. This comprehensive analysis provides a detailed understanding of the Market dynamics, competitive landscape, and growth prospects.
Dairy Alternatives Market Regional Insights
The report offers an in-depth analysis of the factors influencing growth, limitations, future prospects, and competition within the industry across all regions. The Market is classified by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Market Segmentation
According to Source, soy milk was the market leader for dairy alternatives in 2021, followed by the almond milk category. This can be linked to almond milk's rising recognition among vegan consumers all around the world. The health advantages almond milk offers are another factor in its appeal and demand on the international market. It aids in reducing the signs and symptoms of heart and kidney problems. Because of this, patients whose doctors advise a ketogenic diet favour almond milk.
During the forecast period (2022-2029), the soy milk segment is anticipated to grow rapidly. This is explained by the simplicity of obtaining the raw components needed to produce soy milk. such as milk and water. Regarding the expansion of the muesli market, though, such is not the case.
In terms of product, the dairy alternative market was dominated by the non-dairy milk category in 2021, accounting for more than 70% of the market. This is because milk is a common ingredient in dairy products like ice cream, yoghurt, and cheese. In light of the rising popularity of non-dairy products among consumers. These customers frequently favour dairy-free options for goods like cheese and ice cream.
By distribution channel, in 2021, supermarkets and hypermarkets accounted for over 40% of the market for dairy substitutes. Due to the availability of numerous consumer goods under one roof, this might be ascribed to consumer demand for these locations. Due to the lack of supermarkets in rural regions, developing nations like India are predicted to experience the fastest development in the convenience store segment.
Market Key Players
• Freedom Foods Group
• Eden Foods
• Nutriops S.L.
• Earths Own Food Company
• Triballat Noyal
• Valsoia S.P.A
• Dohler GmBh
• Organic Valley
• Panos Brands
• Living Harvest Foods Inc.
• Kikkoman Corporation
• Rebel Kitchen
• Melt Organic
• Daiya Foods Inc.
• Califia Farms
• Hudson River Foods Inc.
• Kite Hill
Key questions answered in the Automotive Relay Market are:
- What is Dairy Alternatives?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Market?
- Which factors are the lucrative opportunities for the Market growth?
- How is the intervention from regulatory authority is shaping the Market?
- What growth strategies are the players considering to increase their presence in Market?
- Who held the largest Market share in Market?
- What is the Market size of the dominating region?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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