Felton, 18 December
2019 - This report provides in depth study of “Dairy Alternatives Market” using
SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the
organization. The Dairy Alternatives
Market report also provides an in-depth survey of top key players in the
market which is based on the various objectives of an organization such as
profiling, the product outline, the quantity of production, required raw
material, and the financial health of the organization.
Global Dairy Alternatives Market is projected to reach USD
35.6 billion by 2024. The Dairy alternatives-based food and beverages are
prepared from dairy-free milk, extracted from several plant-based sources such
as soy, rice, almond, coconut, and others. Widely consumed dairy
substitute-based products are ice-cream, milk, butter, energy drinks, soft
drinks, cheese, and others. The dairy alternatives have a robust demand with respect
to manufacturing medical food for their lactose-free nature, lactose
intolerance ailments.
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In addition, the low-fat content and low cholesterol
concentration in dairy alternative beverages, and their increasing demand will
initiate the growth of the market. Moreover, the dairy alternatives offer
several benefits such as increasing awareness among people, and as the dairy
alternatives products contain vitamin, high calcium, the market will upsurge in
the forecast period. On the other hand, factors such as High price of dairy
alternative beverages, cross contamination of raw materials may hamper the
growth of dairy alternatives industry in the forthcoming period and anticipated
to grow at a CAGR of 16.6% in the upcoming period as the scope, product types,
and its applications are growing across the globe.
Dairy alternatives market may be explored by type,
applications, formulations, distribution channel and geography. The market may
be explored by type as Soy, Coconut, Almond, Oat, Hemp, and Rice. Soy milk
accounted for 40.5% of the major share of the global market size analysis in
2016. The factors that attribute to the growth of this sector is the prevention
of breast cancer, and heart diseases, will upsurge the market growth in the
upcoming period.
Dairy alternatives industry may be explored by application
as Food, and Beverages. Amongst the applications segment, Beverages are
estimated to account for the highest growing segment in the forecast period.
Increasing demand for flavored milk products, and its growing health benefits
will upsurge the market. The market may be explored by Formulations as Plain
& unsweetened, Flavored & sweetened, Plain & sweetened, and
Flavored & unsweetened. Dairy alternatives market may be explored by
distribution channel as Supermarket, Convenience Retailers, Pharmacy
Asia-Pacific has been at the forefront with regards to dairy
alternatives industry and will continue to rule the roost in the years to come.
The Asia Pacific accounted for the major share of 49.7% of the global volume in
2016. The region is estimated to continue to be a foremost user over the forthcoming
period due to increasing demand of consumer for plant-based food along with the
increasing occurrence of lactose intolerance. In Asia-Pacific region, the food
and beverage market is undergoing transformation in response to the diet
diversification, the liberalization of foreign direct investment in food
segment, and rapid urbanization. Asia-Pacific is followed by North America and
anticipated to be the highest growing economies for dairy alternatives market
from 2013-2024.
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Major Key Points in
Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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