Global Dairy Alternative Market Research Report - Forecast to 2025
Published | July 2019
According to Blueweave Consulting, the global dairy alternative market is projected to reach XX.XX Billion by the end of 2025 with a CAGR of XX.XX% during the forecast period. Owing to the rising incidence of milk allergies, high nutritional benefits such as reduced cholesterol level, improved cardiovascular health, and diabetes control. Additionally, the rise in disposable income over the last few years, better taste and texture offered and improved nutritional content will surge the sales of dairy alternative market over the forecast period.
Soy milk is projected to maintain its dominance throughout the forecast period of 2019-2025and with a CAGR of XX.XX%. However, almond milk segment is likely to increase at a high pace and projected to touch USD X.XX billion by 2025.Factors related to health concerns like lactose intolerance and the busy lifestyles of the working middle-class population. These factors encourage them to use convenience products for on-the-go consumption to save time. Factor such as growing consciousness about lactose intolerance, rising demand for on-the-go products owing to hectic lifestyle, and increasing number of vegan consumers drive the dairy alternative market.
Based on the formulation type, flavored segment is projected hold the largest market share of more than XX% in the year 2018. Additionally, due to globalization there is a paradigm change in the consumer consumption pattern and increase in product offering with aggressive marketing techniques support the growth of dairy alternative market. The plain segment is projected to register a CAGR of X.XX% during the forecast period and estimated to reach USD XX.X billion by the End of 2025
On the basis of distribution channel, the store based channel holds the largest market share of XX.X% in 2018. The retail store's channel is witnessing high growth. Retail stores have high growth potential due to the presence of large middle-income group further new wave of expansion through the compact store format will favor the dairy alternative demand in retail stores. Convenience stores represent the largest segment followed by supermarkets and hypermarkets owing to the rising number of health-conscious consumers, expanding working population and increasing urbanization are boosting the dairy alternative market. The online sales market is anticipated to magnify at a higher rate in the upcoming period, owing to the rapid penetration of smartphones, upsurge in m-commerce sales, and easiness in payment options
Geographically, the Global dairy alternative market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2018, the Asia-Pacific accounted for the maximum market share of XX.X% lead by China & India and projected to dominate the overall dairy alternative market over the forecast period. Owing to the expansion of the middle-class population, rapidly growing fast food industry, increasing disposable income, and improved distribution channels. Additionally, growing consumer concern for healthy lifestyle, strong performance of retail sector and rise in food service industry has led to the easy obtainability of trademarked dairy alternative products in several areas.
The leading market players in the global Dairy alternative market primarily are Blue Diamond Growers (U.S.), Hain Celestial Group (U.S.), Whitewave Foods (France), Sunopta Inc.(Canada), Daiya Foods Inc. (Canada), Galaxy Nutritional Foods, Inc. (U.S.), Tofutti Brands Inc. (U.S.)
Study Objectives of Dairy alternative Market Forecast to 2025
· Detailed analysis for individual micro and macro markets for Dairy alternative
· To estimate market size by Source, Application, Formulations, Distribution Channel and Region
· Company profiling of major players & competitive positioning for the Dairy alternative market
· Value chain analysis and supply chain analysis of dairy alternative
· Analysis of historical market trends, and technologies, and current government regulatory requirements related to Dairy alternative market
· Dairy Alternative manufacturers
· Soymilk manufacturers
· Food Service industries
· Retailers and wholesalers
· Traders, importers and exporters
· The global dairy alternative market is anticipated to spread USD XX.XX billion by 2025
· Soya milk sourced dairy alternative will maintain its dominance with more than XX% market proportion during the forecast period.
· Stored based channel will lead the dairy alternative market and projected to reach XX.XX billion by 2025 with an annual growth rate of XX.XX%.
Regional and Country Analysis of dairy alternative market development and demand Forecast to 2025 Market
The reports also cover country level analysis:
· Rest of Europe
Asia – Pacific
· Saudi Arabia
· Rest of MEA
· Rest of Latin America