Global Dairy Alternatives Market is expected to reach $51.86 billion by 2027 growing at a CAGR of 12.3% during 2019 to 2027.
Some of the key players profiled in the Dairy Alternatives Market include DanoneWave, Hain Celestial Group, Eden Foods, Inc, Ripple Foods, WayFare, Earth’s Own Food Company, Blue Diamond Growers, Valsoia S.p.A, Kite Hill, SunOpta, Freedom Foods Group Limited, Triballat Noyal, Green Spot Co. Ltd, Sanitarium, Panos Brands, The WhiteWave Food Company, Hiland Dairy, and Califia Farms.
Factors such as rise in the number of people allergic to dairy, growing popularity of vegan diet, and government policies to improve the agricultural sector are driving the market growth. However, the possibility of allergies associated with plant-based products is hampering the growth of the market.
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Dairy alternatives are food and beverages which can be used as a substitute for dairy. These are derived from plants and are considered a very health alternative to dairy. Dairy alternatives are considered healthy due to the presence of different essential vitamins and minerals. They are also low on fats, cholesterol and have zero concentration of lactose.
Based on the formulation, the flavoured & unsweetened segment is going to have high growth during the forecast period owing to the increasing popularity of plant-based nutritional goods as well as the rising consumer demand for cholesterol-free products.
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By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the changing lifestyles of consumers and increase in the awareness regarding health.
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Natures Covered: • Organic
• Conventional (Inorganic)
Shelf Life Covered: • Refrigerated
• Shelf-Life Stable
Formulations Covered: • Plain & Unsweetened • Flavoured & Unsweetened • Plain & Sweetened
• Flavoured & Sweetened
Sources Covered: • Almond • Soy • Coconut • Oats • Rice • Hemp
• Other Sources
Packagings Covered: • Bottles • Pouches
• Carton Packaging
Nutrients Covered: • Vitamin • Protein • Starch • Calories
• Other Nutrients
Applications Covered: • Milk • Yogurt • Cheese • Creamers • Desserts • Ice Creams • Snacks • Dairy-Free Probiotic Drink
• Other Applications
Categories Covered: • Lactose Free • Diabetic Free • Gluten Free • Cholesterol Free
• Genetically Modified Organism (GMO) Free
Distribution Channels Covered: • Hypermarkets/ Supermarkets • Convenience Stores • Pharmacies • Health Food Stores • Online Stores • Speciality Stores • Retail Stores
• Other Distribution Channels
• North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o South Korea o Rest of Asia Pacific • South America o Argentina o Brazil o Chile o Rest of South America • Middle East & Africa o Saudi Arabia o UAE o Qatar o South Africa
o Rest of Middle East & Africa
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