Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The "Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global dairy alternatives market size reached US$ 24.9 Billion in 2021. Looking forward, the market is expected to reach US$ 47.7 Billion by 2027, exhibiting a CAGR of 11.44% during 2021-2027.
The increasing prevalence of chronic medical ailments, such as diabetes, cardiovascular (CVD) and gastrointestinal diseases, along with the growing number of people with lactose intolerance, is one of the key factors driving the growth of the market.
Rising awareness regarding the benefits of consuming dairy alternatives is projected to drive the dairy alternatives market further. In comparison to the traditionally used dairy products, these alternatives are easily digested and do not cause painful bloating and other gastric problems.
Additionally, the emerging trend of veganism across the globe and various technological advancements in the production processes of these products, are also contributing to the market growth. For instance, manufacturers are utilizing ultra-high temperature (UHT) processing and enzymatic liquefaction processes to enhance the yield and nutritional content of the products.
Other factors, including the availability of various sweetened, flavored and unsweetened variants, aggressive promotional activities by the manufacturers and rapid urbanization across the globe, are expected to drive the global dairy alternatives market in the upcoming years.
| Report Attribute | Details |
| No. of Pages | 147 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | USD 24.9 Billion |
| Forecasted Market Value (USD) by 2027 | USD 47.7 Billion |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
Key Questions Answered in This Report:
- How has the global dairy alternatives market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global dairy alternatives market?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the formulation?
- What is the breakup of the market based on the nutrient?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the product type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global dairy alternatives market and who are the key players?
- What is the degree of competition in the industry?
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being
- Blue Diamond Growers
- Dohler GmbH
- Earth's Own Food Company Inc.
- Eden Foods Inc.
- Freedom Foods Group
- Nutriops S.L
- Organic Valley
- PANOS brands
- Sanitarium
- SunOpta Inc.
- Hain Celestial Group Inc.
- The Whitewave Foods Company (Danone North America)
- Triballat Noyal
- Valsoia S.p.A.
Key Market Segmentation:
Breakup by Source:
- Almond
- Soy
- Oats
- Hemp
- Coconut
- Rice
- Others
Breakup by Formulation:
- Plain
- Sweetened
- Unsweetened
- Flavored
- Sweetened
- Unsweetened
Breakup by Nutrient:
- Protein
- Starch
- Vitamin
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Product Type:
- Cheese
- Creamers
- Yogurt
- Ice Creams
- Milk
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/dcpt6w
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