January 2021
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global dairy alternatives market bwc20163
Global Dairy Alternatives Market Size - Industry Trends & Outlook Report 2026
Moving consumer emphasis to the
nutrition level, flavor, and suitability while buying food products will impact
business development. Besides, the continuous growth of multiple products due
to heavy R&D investments by foremost players will additionally supplement
the industry development over the predictable timeline. Rising the occurrence
of cardiovascular diseases, fatness, diabetes, and digestive diseases along
with growing consumer expenditure on healthy food products will prompt the need
for essential lactose, calories, nutrition, and sugar-free food products.
Moreover, growing customer
insight towards calorie-conscious persons coupled with the welfares delivered
by these products such as control of blood sugar & cholesterol levels, bone
health, and bowel health will additionally fuel the dairy substitutes market
demand.
Extensive R&D savings made
by leading market players owing to intense competition in the industry will
provide a stable business outlook. New skills and approaches for the
improvement of dairy-free products such as elimination of flavor &
inhibitors, improved shelf life, and protection of food items will provide the
industry development.
Global Dairy Alternatives
Market: Market Outlook and Trends
Dairy substitutes offer better
nourishing welfares in contrast to conservative dairy products such as butter,
milk, and cheese, pushing more customers to change to dairy substitutes.
Contrary to popular belief, augmented ingesting of milk does not recover bone
density in adulthood, as per a study available in the Food and Nutrition
Research Journal. Dairy alternatives contain fewer calories than low-fat milk.
Moreover, calcium and potassium content in these dairy alternatives is more
than that of milk, which is the main reason for the consumption of dairy products.
Dairy substitute manufacturers to boost sales have incorporated these research
findings into marketing plans.
Global Dairy Alternatives Market
Growth Drivers
Shift in the cooking
preferences
A shift in food preferences is
observed, and customers are eager to try out new products that taste good and
are highly nutritious. Millennials are mainly accountable for this trend as
they are eager to trial with advanced dishes and are willing to pay the best
prices. Consumers have shown an increasing fondness for vegan diet owing to
growing concern over animal rights and environmental defense. This is expected
to effort the industry over the prediction period.
Demand for Low-calorie Products
on Constant Rise
Dairy substitutes offer
healthier nutritional welfares in contrast to conservative dairy products such
as butter, milk, and cheese, forceful more customers to move to dairy
substitutes. Contrary to popular belief, augmented ingesting of milk does not
recover bone thickness in adulthood, as per a study available in the Food and
Nutrition Research Journal. Dairy replacements contain fewer calories than
low-fat dairy. Additionally, calcium and potassium gratified in these dairy
alternatives are more than that of milk, which is the leading cause of the ingesting
of dairy products. Dairy substitute manufacturers to increase sales have
incorporated these research answers into marketing plans.
Impact of COVID-19 in industry
The whole globe is fighting with
the novel coronavirus. The establishments of several countries have started
lockdown to prevent the spread of this deadly virus. Such plans have caused
disturbances in the manufacturing and supply chain. But, with time and
resolution, we will be able to combat this stern time and get back to normalcy.
Our well-revised reports will help companies take in-depth information about
every market's present circumstances so that you can accept the necessary plans
accordingly.
Dairy Alternatives Market:
Segmentation
Based on the application, the
industry can be segmented into food and beverages. The drinks section held
around 58.0% of the worldwide market in terms of income in 2017. Rising
customer fondness for vegan diet due to worries about ethical animal rights and
environment guard is likely to drive section development.
Dairy alternatives-based
beverages are extensively dispersed through convenience stores, health food
stores, supermarkets, pharmacies, and e-retailers. These drinks are available
in various formulations such as unsweetened, plain, flavored, fortified, and
sweetened. Growing consumer mindfulness and rising health worries are expected
to fuel the market over the prediction period.
Based on formulation, the dairy
substitutes market can be segmented into primary and flavored. Every day
preparation was the leading section in the past few years in terms of both
volume and revenue. Growing demand for plain variants of dairy alternatives
such as soymilk, almond milk, rice milk, and others is expected to donate to
section development.
In terms of geography, Dairy
Substitutes Market has been divided into North America, Europe, Asia Pacific,
South America, and the Middle East & Africa. By region, Asia-Pacific was
the most prominent regional market in 2018. This can be credited to an increase
in the tendency of veganism and an increase in consumers’ mindfulness about
health and fitness in the region.
Dairy Alternatives Market:
Regional Insights
In terms of region, Asia Pacific
recorded the largest share in 2017. Expanding population and increasing disposable
incomes in developing countries such as India and China are predictable to
augment product requests in the region. Soy, rice, and almond milk are
importantly consumed as old-style beverages in the Asia Pacific. The local
market is considered by demand for lactose-free milk for children, lactating
mothers, and pregnant women. These dairy replacements offer a wide range of use
in lactose-free products for adults, thereby refining market forecasts in the
Asia Pacific. North America is the additional largest market for dairy
alternatives. It is expected to account for a significant share over the
prediction period because of the growing demand for novel plant-derived goods.
Rising cases of lactose intolerance in the area are predictable to supplement
requests for non-dairy products such as soymilk and almond milk.
Competitive Landscape
The leading players in the Dairy
Alternative Market include Tate & Lyle, SunOpta Inc., CP Kelco Inc., Archer
Daniels Midland Company, The Coca-Cola Company, PepsiCo Inc., Döhler GmbH,
WhiteWave Foods, The Hain Celestial Group Inc., and Pacific Foods of Oregon,
Inc.
Recent Developments
· New Delhi,
September 1st, 2020: PepsiCo India today announced a special initiative with
Airtel involving its most loved snack brands, and in the process also offering
a special digital experience for all Airtel Prepaid customers.
· June 28,2020 for
every order placed via the Uber Eats app from a participating restaurant,
Feeding America will receive a donation to provide one meal to someone in need,
with the goal of providing up to 5 million meals.
Scope of Report
Attribute |
Details |
Years
Considered |
Historical
data – 2016-2018 Base
Year – 2019 Forecast
– 2020 – 2026 |
Facts
Covered |
Revenue
in USD Billion |
Market
Coverage |
U.S,
Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South
Korea, China, India, UAE, South Africa, Saudi Arabia . |
Product/Service Segmentation |
By
Source, By Application, By Distribution Channels, By Formulation, By Region |
Key
Players |
The leading players considered for
market analysis are Tate & Lyle, SunOpta Inc., CP Kelco Inc., Archer
Daniels Midland Company, The Coca-Cola Company, PepsiCo Inc., Döhler GmbH,
WhiteWave Foods, The Hain Celestial Group Inc., and Pacific Foods of Oregon, Inc.
many others. |
·
By Source
ü Soy
ü Almond
ü Coconut
ü Rice
ü Oats
ü Hemp
·
By Application
ü Milk
ü Cheese
ü Yogurt
ü Ice Creams
ü Creamers
·
By Distribution Channels
ü Supermarkets
ü Health Stores
ü Pharmacies
·
By Formulation
ü Plain
ü Flavored
·
By Region
ü North America
ü Europe
ü Asia Pacific
ü South America
ü Middle East & Africa
The objective of
the Study:
• To analyze and
forecast the Dairy Alternatives Market size of the market in terms of value.
• To examine the
careful market segmentation and forecast the market size, in terms of value,
based on the region by segmenting.
• The Dairy
Alternatives Market into five regions, namely, North America, Europe, Asia
Pacific, Middle East, South America, and their leading countries.
• To outline,
categorized, and forecast the Dairy Alternatives Market based on the by Source,
by Application, by Distribution Channels, by Formulation, by Regional.
• To examine
competitive developments, like by Source, by Application, by Distribution
Channels, by Formulation, by Regional within the Dairy Alternatives Market.
• To highlight
the impact analysis of the factors affecting the market dynamics such as growth
drivers.
• To
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
• How will the
market drivers, restraints, and opportunities affect the market dynamics?
• What will be
the market size in terms of value and volume and market statistics with a
detailed classification?
• Which segment
dominates the market or region, and one will be the fastest - growing, and why?
• A comprehensive
survey of the competitive landscape and the market participant players
• Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client
satisfaction is our first and last priority, and that is why BlueWeave
Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
• With five additional company detail
analysis
• Additional country analysis
• Detailed segment analysis
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
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