Dairy Alternatives Market Insights by Size, Share, Demand, Insights, Future Opportunities, Growth Rate, CAGR Status Till 2023


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Shibuya Data Count

Jun 09, 2021, 13:55 EST


Shibuya-ku, Tokyo, Japan, Japan, Jun 09, 2021, 13:55 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.

“Increase in the cases of lactose intolerance and milk allergies drive the overall growth of the dairy alternatives market.” The global dairy alternatives market size is projected to grow from USD 17.3 billion in 2018 to USD 29.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The dairy alternatives market is driven by various factors such as growing consumer preference for a vegan diet and nutritional benefits offered by plant-based dairy alternatives. However, the volatile price of raw materials in various regions can hinder the growth of the market.

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The dairy alternatives market comprises major dairy alternative food and beverages providers such as The Whitewaves Food Company (US), The Hain Celestial Group (US), Blue Diamond Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany),Organic Valley (US), and Panos Brands LLC (US). The study includes an in-depth competitive analysis of these key players in the dairy alternatives market, with their company profiles, recent developments, and the key market strategies.

“The soy segment, by source, is estimated to dominate the dairy alternatives market in 2018.”
The soy segment held the largest share in 2017, in terms of value. Soya-based dairy alternatives are considered to be the best substitutes for dairy products and occupy a significant share in the dairy alternatives market. They are a rich source of proteins and calcium and are considered to be one of the best substitutes for dairy products by lactose-intolerant individuals.

“The milk segment is projected to hold the largest market share during the forecast period.”
The demand for dairy alternatives has increased over the years. The popularity of dairy-free milk can be attributed to the health concerns related to lactose intolerance and the hectic lifestyles of the working middle-class population, which encourage them to use convenience products for on-the-go consumption to save time. As health and convenience are prioritized by consumers, manufacturers are producing different flavored milk alternatives with vanilla or chocolate flavors to meet the growing demand in various regions.

“Europe is projected to be the fastest-growing region in the dairy alternatives market, in terms of value.”
The market in Europe is projected to be the fastest-growing due to the high level of awareness among the consumers. This has resulted in the demand for lactose-free or low-lactose, low-calorie, and low-fat foods in the region. As dairy products are associated with obesity, flatulence, gastrointestinal problems, and diabetes, the food & beverage companies are focusing on innovations to produce various nutritional lactose-free dairy alternative products to meet consumer demand.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, dairy alternative manufacturers, and executives from various key organizations operating in the dairy alternative Industries.

  • By Company Type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
  • By Designation: D-Level: 30%, C-Level Executives: 25% and others: 45%
  • By Region: North America: 22%, Europe: 27%, Asia Pacific: 33%, and RoW: 18%

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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Research Coverage

The study covers the dairy alternatives market across segments. It aims at estimating the market size and its growth potential across different segments such as source, application, formulation, nutritive component, distribution channel, and region. The study also includes an in-depth competitive analysis of the key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall dairy alternatives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 GEOGRAPHIC SCOPE 21
1.3.2 PERIODIZATION CONSIDERED 21
1.4 CURRENCY CONSIDERED 22
1.5 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Breakdown of primary interviews 26
2.2 MARKET SIZE ESTIMATION 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS 29
2.4.1 ASSUMPTIONS 29
2.4.2 LIMITATIONS 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 36
4.1 OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET 36
4.2 DAIRY ALTERNATIVES MARKET: KEY COUNTRIES 37
4.3 DAIRY ALTERNATIVES MARKET, BY APPLICATION 37
4.4 DEVELOPED VS. DEVELOPING MARKETS FOR DAIRY ALTERNATIVES 38
4.5 DAIRY ALTERNATIVES MARKET, BY SOURCE 39
4.6 DAIRY ALTERNATIVES MARKET, BY FORMULATION 39
4.7 NORTH AMERICA: DAIRY ALTERNATIVES MARKET, BY APPLICATION AND COUNTRY, 2017 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 NUTRITIVE ANALYSIS 41
5.3 REGULATORY BODIES 42
5.3.1 CODEX ALIMENTARIUS COMMISSION 42
5.3.2 FOOD AND DRUG ADMINISTRATION (FDA) 42
5.3.3 THE SOYFOODS ASSOCIATION OF AMERICA 43
5.3.3.1 Classification of Soymilk 43
5.3.4 FOOD STANDARDS AUSTRALIA NEW ZEALAND (FSANZ) 44
5.3.5 EUROPEAN COURT OF JUSTICE 45
5.4 PATENT ANALYSIS 45
5.5 MARKET DYNAMICS 47
5.5.1 DRIVERS 48
5.5.1.1 Growing consumer preference for a vegan diet 48
5.5.1.2 Nutritional benefits offered by plant-based dairy alternatives 49
5.5.1.3 Increasing cases of lactose intolerance and milk allergies 49
5.5.2 RESTRAINTS 49
5.5.2.1 Volatile prices of raw materials 49
5.5.3 OPPORTUNITIES 51
5.5.3.1 Growing demand in emerging markets 51
5.5.3.2 Favorable marketing and correct positioning of dairy alternatives 51
5.5.3.3 Changing lifestyles of consumers 51
5.5.4 CHALLENGES 52

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-106364

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

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