Dairy Alternatives Market Growth and Forecast to 2025

1. Growing demand for plant-based products promotes the Global Dairy Alternatives Market Market overview: The global Dairy Alternatives Market was assessed at USD 1.3 billion in 2019, and it is predicted that it will reach a valuation of USD 3.5 billion by 2025 at a CAGR of 13.6% during the calculated time. Dairy alternatives are plant-based milk and are used as a primary substitute for milk that are processed through cereals, nuts, and seeds. It has less cholesterol and less fat content than dairy products. Dairy alternatives do not contain lactose, which has therapeutic or medical benefits, especially for lactose intolerant populations. This food and drink are derived from plants and is considered a very healthy alternative to dairy products. Soy milk, rice milk, and almond milk are among the most popular dairy substitute options worldwide. Dairy alternatives are considered healthy due to the presence of many essential vitamins and minerals. They are also low in fat, cholesterol and lactose free. Recent developments: •In May 2019, Blue Diamond Growers (USA) launched a new substitute for dairy products in the yogurt sector which is almond milk yogurt. •In June 2019, Panos Brands (USA) launched a ready-to-use alternative milk drink with five organic spices. Market Drivers and Restrains: Dairy replacement products have many health benefits. The growth of vegetarian populations and health awareness are primarily driving the dairy substitution market. Strong support from governments and associations is expected to provide growth prospects for the alternative dairy market. Increased consumer interest in nutritional values, such as the low calories and high protein and vitamins provided by milk substitutes or dairy analogues, will likely have a positive impact on the market. The increase in the number of emerging players in the dairy replacement market has fueled the diversification of vegan products. There are dairy alternatives that offer the same flavor as dairy products and at the same time provide more nutrition. The growing demand for healthy drinks with a high nutritional value and a younger population aroma is a key factor to greatly boost global expansion. The growing interest in animal rights and environmental protection is increasing the preference for veganism, which will promote industry during the outlook period. Also, government policies in agricultural sector are likely to have a positive impact on this business growth due to the increasing availability of raw materials and affordable prices. However, lactose intolerance in dairy alternatives, new marketing techniques, and awareness programs can offer a variety of opportunities in this market. On the flip side, the absence of protein, cross-contamination, and the high costs associated with dairy alternatives may hamper the development of the global market to some extent. To know more read:

2. https://www.marketdataforecast.com/market-reports/dairy-alternatives-markethttps://www.marketdataforecast.com/market-reports/dairy-alternatives-market Report is segmented as: The market for dairy alternatives has been segmented based on products into almond milk, oat milk, rice milk and soy milk. The soy milk sector is expected to occupy the largest market share in the world market in the coming years. The demand for almond milk is increasing significantly due to various health benefits and high levels of calcium and vitamins. Depending on the formulation, the market is divided into common sweetener, common sweetener, spice sweetener, spice sweetener, etc. Geographical Segmentation: The Asia Pacific region had the largest share in the overall market in 2017. Population expansion and disposable income growth in emerging countries such as India and China are expected to increase demand for products in the area. North America is the second largest market for dairy alternatives and is expected to account for a significant portion during the outlook period as demand for new plant-derived products increases. The increase in lactose intolerance in the region is likely to raise the need for non-dairy products such as soy milk and almond milk. Impact of COVID 19 on Dairy Alternatives Market The COVID-19 outbreak, a global epidemic, is estimated to increase consumption of dairy substitutes. To increase the survival immunity of COVID-19, people are expected to increase the consumption of nutritious milk substitutes. Therefore, the global dairy alternatives market is expected to witness rapid growth in the COVID-19 era and beyond. Key Players: Alternative dairy markets include leading players such as Earth's Own Food Company, Blue Diamond Growers, Associated British Foods, Panos Brands LLC, Bridge SRL, Eden Foods Inc, Whitewave Foods Company and BASF SE. View sample and decide: https://www.marketdataforecast.com/market-reports/dairy-alternatives-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.

3. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well- informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/