Dairy alternatives market from coconut is expected to register over 10% CAGR up to 2025

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Dairy Alternatives Market Research Analysis and
Industry Trends Report for 2019 - 2025
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Global Market Scenario of Dairy Alternatives
Industry

• Shifting consumer inclination toward vegan items
  owing to the rising health awareness will drive
  dairy alternatives market growth. Health
  conscious people have registered increased demand
  for flavored milks such as almond, soy, coconut,
  oats, hemp, and rice to improve their mineral and
  vitamin uptake. Manufactures are working to
  develop new flavors in plant-based ice-creams and
  frozen yogurts to gain a competitive edge,
  thereby contributing to a surge in dairy
  alternatives industry size.
• Easy accessibility to raw materials due to
  substantial augmentation in manufacturing
  supplemented with low initial investments for
  startups have been resulting in an amplified
  competitive scenario in dairy alternatives
  market. As per SOPA, soy production globally has
  improved from almost 320 million metric tons in
  the year 2014 to about 361 million metric tons in
  the year 2018. Also, according to USDA, almond
  production worldwide has raised from about 1,069
  thousand metric tons in 2014 to 1,285 thousand
  metric tons in 2018.
• Major factors such as enhanced product flavor and
  taste and growing distribution network are likely
  to fuel dairy alternatives industry share growth
  in the times to come. The dairy alternatives
  market trends have also been influenced with the
  launch of latest products based on hemp, oats,
  almonds, and rice.

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Continue-

• Almond-based dairy alternatives market share is
  likely to experience fastest CAGR at about 8.5
  over 2019-2025. Increasing production of almonds
  to cater to the expanding demand and
  simultaneously intensifying consumer awareness
  concerning health advantages are impelling
  almond-based dairy alternatives industry size
  growth. Furthermore, almond milk offers benefits
  including greater daily suggested value for
  vitamin E and vitamin D, reduced cholesterol
  levels, and low-calorie content which will also
  help to expand dairy alternatives industry
  outlook.
• Unsweetened dairy alternatives market forecast is
  anticipated to be rather positive through 2025.
  There has been an increase in the health
  conscious customer base worldwide on account of
  extensive knowledge that consumers have,
  pertaining to the usage of sweeteners,
  particularly in Europe and North America.

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360 Industry Analysis

• A prominent Asia Pacific dairy alternatives
  market forecast claims that the industry size is
  predicted to observe the fastest growth at over
  10 CAGR over 2019-2025, led by countries
  including India, China, Indonesia, and Japan.
  Lifestyle transformations towards healthy living
  and increasing consumer expenditures have also
  been fueling dairy alternatives industry share in
  the region. Soy-based dairy alternatives market
  is responsible for holding almost 65 of APAC
  industry share due to increasing soybean
  production in India and China.

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• Competitive Analysis
• The global dairy alternatives industry share is
  likely to get spurt with a lot of regional and
  multinational companies such as Blue Diamond
  Growers, Danone, Valsoia S.P.A, Freedom Foods,
  Hain Celestial Group, Sunopta, and Pacific Foods.
  According to Global Market Insights Inc., dairy
  alternatives market size is predicted to surpass
  revenue valuation of 37.5 billion by the year
  2025.

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