Dairy Alternatives Market: Global Industry Analysis and Opportunity Assessment 2019-2025 GMI Estimate

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Dairy Alternatives Market size to exceed 37.5 bn
by 2025
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Key Insights from Dairy Alternatives Market

• Dairy Alternatives Market size is estimated to
  surpass USD 37.5 billion by 2025 according to a
  new research report by Global Market Insights,
  Inc. The growing demand for dairy-free products
  across various end-use industries such as cheese,
  desserts, snacks, and beverages are steering the
  industry growth. Increasing intake of dairy
  alternatives by vegan population coupled with
  rise in patients suffering from lactose
  intolerance, milk allergies, and calorie concerns
  will bolster the product adoption in beverage
  applications.
• Increasing penetration of dairy alternatives in
  beverages owing to several benefits offered such
  as improved nutritional content will fuel the
  business development. The shift from conventional
  dairy products such as cow milk to nuts and
  legume-based milk products along with rising
  consumer concerns for maintaining a healthy diet
  are the key factors influencing the business
  dynamics.
• The beverage segment dominates the industry and
  anticipated to reach around USD 33 billion in
  2025. The growing trend of utilizing plant-based
  product content in a beverage for people
  suffering from milk allergy, lactose intolerance,
  and phenylketonuria will fuel the business
  growth. Dairy alternative products that are
  derived from soy and almond cater to a wide range
  of beverage applications..

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Continued...

• The unsweetened segment constitutes a major share
  in the dairy alternatives industry. The segment
  does not contain added sugar or sweetening
  agents, which typically accounts for half of the
  calorie contents found in cows milk. Increasing
  intake of this light-tasting substitute by
  diabetic patients for maintaining a healthy diet
  will be a key factor driving the segment growth.
  Online stores emerged as the fastest growing
  distribution channel. The online services sector
  has gained momentum in both developed and
  developing countries owing to cost-effectiveness
  and faster accessibility.
• North America dairy alternatives market accounts
  for over 25 share and expected to witness
  significant gains over the forecast timeline. The
  escalating number of patients with allergies and
  nutritional deficiency will result in dairy
  alternative products demand across the region.
  Changing eating habits and lifestyle owing to
  rising adult population suffering from obesity
  and diabetes in the U.S. and Canada will further
  drive the plant-based rice and almond milk
  products demand.
• The global dairy alternatives market is highly
  competitive owing to the presence of a few
  dominating companies including Whitewave Foods,
  Hain Celestial Group, Inc., Blue Diamond Growers,
  SunOpta Inc., New Barn. Other prominent players
  in the industry include Triballat Noyal, Califia
  Farms, Valsoia S.p.A, Freedom Foods, and Pacific
  Foods.

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North America Almond Based Dairy Alternatives
Market, By Application, 2018 2025, (USD Million)

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Alternatives Market _at_ http//bit.ly/33kMjjN
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
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