The Global Non-Dairy Milk Market Is Projected To Reach Revenues Of More Than $38 Billion By 2024, Growing At CAGR Of Over 14% During 2020-2024


News provided by

Shibuya Data Count

Feb 04, 2021, 23:39 EST


Shibuya-ku, Tokyo, Japan, Japan, Feb 04, 2021, 23:39 /Comserve / -- The major vendors in the global non-dairy milk market are: The White Wave Food Company, The Hain Celestial Group, Blue DiamondGrowers, SunOpta Inc., Sanitarium Health and Wellbeing Company

The global non-dairy milk market is projected to reach revenues of more than $38 billion by 2024, growing at CAGR of over 14% during 2018-2024. The rising working middle-class population, rising income, changing lifestyle, and other socio-economic factors are propelling the growth of the global market. Urbanization and the rise of modern trade benefit the availability of dairy and dairy alternative products due to the reliance on chillers and cold chain logistics for categories like yogurt, and fresh milk will boost the adoption of these products in the market.The global non-dairy milk market is driven by growing popularity and demand for non-dairy ice cream and yogurt. The demand for almond milk surpassed the demand for soy milk in North America in 2018, thereby creating lucrative demand in the global non-dairy milk market. The market research report provides in-depth market analysis and segmental analysis of the global non-dairy milk market by source type, end-product, distribution channel, and geography.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91434

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

The major vendors in the global non-dairy milk market are:

• The White Wave Food Company
• The Hain Celestial Group
• Blue DiamondGrowers
• SunOpta Inc.
• Sanitarium Health and Wellbeing Company

Key Vendor Analysis

The global non-dairy milk market is fragmented due to the presence of different kinds of vendors. The top players are competing on the basis of product quality, new products, and competitive pricing in the global market. The introduction of innovative and proprietary products that cater to customer demands will result in increased investments by key manufacturers in the global non-dairy milk market. The research and development team need to analyze the market trends continuously and design, develop, and manufacture new product categories and new products with distinctive features, size, taste, and shelf life in the market. The vendors are focusing on technological advancements, packaging designs, and product innovations in the global non-dairy milk market.

Non-Dairy Milk Market – Segmentation

This market research report includes a detailed segmentation of the market by source type, end-products, distribution channel, and geography.The global non-dairy milk market by source type is classified into milk, yogurt, ice cream, cheese, creamer, and others. Soy milk dominated more than half of the total market share in 2018, growing at CAGR of around 14% during the forecast period. Soy milk is the most consumed plant-based milk alternative in the world. Soy milk is plant-based milk which is produced by soaking and grinding the soybeans, boiling the ground beans, and finally filtering out the residual particles.Rice milk is a beverage which is also used in ice cream, smoothies, yogurt, and cereals and contains approximately three times more carbohydrate than other dairy substitutes available in the market. Coconut milk contains a high amount of saturated fat and oil, which is beneficial for maintaining cholesterol levels, which in turn boosts its adoption in the global non-dairy milk market.

The end-product segment in the global non-dairy milk market is divided into milk, yogurt, ice cream, cheese, creamer, and others. Yogurt is the fastest growing end-product segment in the global market, at a CAGR of approximately 16% during the forecast period. Some of the most common non-dairy yogurt bases include almond, soy, and coconut in the global market. The popularity of coconut milk-based yogurt increased significantly by 35% in 2016.The plant-based milk contains a varying amount of protein, carbohydrate, vitamins, and other essential nutrients in the global market. The rising number of health-conscious population is driving the global market for vegan ice creams. The prominent vegan cheese manufacturers are introducing innovative flavors and varieties of non-dairy cheeses which contributing to the growth of the market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91434

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

The global non-dairy milk market by distribution channel is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, online retail stores, and others. Supermarkets and hypermarkets segment occupied the largest market share in 2018. The presence of all types of grocery products under one roof is contributing to the increased retail sales through specialty stores in the global market.Several countries are enhancing their digital economies by increasing the internet penetration and deploying LTE networks resulting in the exponential growth of online stores and e-commerce retailers in the market. Online stores offer information about the pros and cons of each type and the nutritional benefits to each type of products that are available in the global non-dairy milk market.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Source Type
4.3.2 Market Segmentation by End-products
4.3.3 Market Segmentation by Distribution Channels
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

The report considers the present scenario of the global non-dairy milk market and its market dynamics for the period 2019−2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Key market insights include

1. The analysis of global non-dairy milk market provides market size and growth rate for the forecast period 2019-2024.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the global non-dairy milk market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of global non-dairy milk market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


For more information, please contact:

Lauren Brown

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 50 50509159

Related Links
https://www.sdki.us/



Also from this source


Smart Home Hub Market 2021 by Key Players, Regions, Type and Application, Forecast to 2025

Smart home hub is a network device. They act as a place of convergence where data and information ar


Pouches Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast to 2024

The pouches market is projected to grow from USD 36.4 billion in 2019, to reach USD 46.1 billion by