Dairy Alternatives Market Growth, Demand by Region and Forecast Till 2025

Group Imarc

Description

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Dairy alternatives refer to various food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are derived from plant-based sources, such as nuts and seeds and are a rich source of essential nutrients, such as calcium, vitamins, minerals, iron, potassium and magnesium.
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• Dairy

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• Publié par: jimmy.ellison94
• Publié le: 22 mai 2020
• Nombre de lectures: 0
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Global Dairy Alternatives Market Research Report and Forecast 2025

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Report Edition: 2020 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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Global Dairy Alternatives Market Overview:

According to latest report by IMARC Group titled,͞Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025͟,The global dairy alternatives market reached a value of US$ 16.5 Billion in 2019. Dairy alternatives are food items that are used to replace animal- and milk-based products. They are derived from plant-based sources, such as seeds, and contain a wide variety of essential nutrients, including calcium, vitamins, minerals, iron, potassium and magnesium. Looking forward, IMARC Group expects the market to reach a value of US$ 38.2 Billion by 2025, growing at a CAGR of 15 % during 2020-2025.

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A shift toward vegan and plant-based diets represents one of the key factors impelling the market growth. Along with this, various health benefits associated with dairy alternatives, such as weight management, and maintaining a healthy nervous system, red blood cell (RBC) levels and brain functioning, are also encouraging consumers to opt for these products. Furthermore, several technological advancements in the production of alternative dairy products have provided a positive thrust to the market growth.

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157.3 152.0 160 146.7 141.4 136.1 130.8 140 125.5 120.2 120 100 80 60 40 In Billion US$ 20 0 2012 2013 2014 2015 2016 2017 2018 2019

180 160.0 160 140 120 100 80 60 40 In Billion US$ 20 0 2020

165.3

2021

170.6

2022

175.9

2023

181.2

2024

186.5

2025

For instance, the adoption of the latest techniques, such as ultra-high temperature (UHT) and enzymatic liquefaction processes, has helped in preserving nutrients and enhancing the shelf-life of dairy substitutes. These advancements have enabled the leading manufacturers to introduce innovative dairy alternative products ranging from drinks, ice cream and yogurt to desserts, biscuits, cheese and condiments, in order to increase their profitability and widen the consumer base.

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Dairy Alternatives Market Segmentation:

Breakup by Source:

• • • • • • •

Almond Soy Oats Hemp Coconut Rice Others

Breakup by Formulation:

• •

Plain Flavoured

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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

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• • •

Ice Creams Milk Others

Breakup by Region:

• • • • •

North America Asia Pacific Europe Latin America Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • •

Blue Diamond Growers Döhler GmbH Earth’sOwn Food Company

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• • • • • • • • • • •

Eden Foods Freedom Foods Group Nutriops S.L. Organic Valley Panos Brands Sanitarium Health and Wellbeing Company SunOpta Inc. The Hain Celestial The Whitewave Foods Company Triballat Noyal Valsoia SpA

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