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Increasing people with lactose intolerance and a growing vegan population will mainly contribute to the alternatives industry growth. People becoming more health-conscious to avoid foods associated with obesity and heart diseases will also propel the growth of the industry. Lactose intolerance is increasingly prevalent among people globally, and around 65% of people suffer from some kind of food intolerance. Hence, these people must avoid dairy products and look for substitutes that will provide similar protein and vitamins.
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Market Market Dairy Alternatives Dairy Alternatives Expected to Reach $50.15 Billion By 2028 | CAGR: 12.3% “Dairy Alternatives Market:- By Source (Soy, Almond, Coconut, Rice, Oats, Others); By Product; By Distribution Channel; By Region; Segment Forecast, 2021 - 2028
Dairy Alternatives Market Estimate & Forecast • The latest report by Polaris Market Research states that the global Dairy Alternatives market is progressing at a rapid pace and is expected to account $50.15 Billion By 2028, with a significant CAGR of 12.3% during the anticipated period 2021 to 2028 • The global market report delivers a comprehensive measure of the market for the predicted period which encompasses numerous prominent factors such as market insights, trends, country-level analysis, size, value and volume, share, and growth rate. This study then incorporates opportunities, drivers, restraints, as well as major segments, competitive landscape, major innovations, and COVID-19 impact on trends and future of the market. • Product developments, leading company’s R&D investments, usage of quantitative and qualitative business strategies, and supportive government policies are enhancing the overall growth of the Dairy Alternatives market. A key objective of this report is to assist clients in making the right selection and method to gain successful results in their enterprise. • The report contains accurate and reliable market data and useful recommendations to provide an overall scenario. While preparing this report on the Dairy Alternatives market, the analyst has employed advanced tools and techniques such as SWOT analysis and Porter’s Five Forces model.
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Dairy Alternatives Market Estimate & Forecast • The report comprises in-depth coverage of the Dairy Alternatives market with detailed market segmentation on the basis of Source, Product, Distribution Channel, Region. The advancements and progress in the market is given for the projection period keeping in mind the emerging trends and patterns. This report will help reader understand the market opportunities available in the report. • The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the Dairy Alternatives market are: The Hain Celestial, Blue Diamond Growers, SunOpta, Sanitarium Health and Wellbeing Company, Danone, Freedom Foods Group, Earth’s Own Food Company, TriballatNoyal, Valsoia S.p.A, Panos Brands, Melt Organic, Oatly, Living Harvest Foods, Ripple Foods, Kite Hill, Califia Farms, Hudson River Foods Inc., Daiya Foods Inc., Pureharvest, Yoconut Dairy Free, Yumbutter. • Browse Complete Report
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