Dairy Alternatives Market Is Expected to Expand Significant CAGR from 2019 to 2025 - PowerPoint PPT Presentation

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Dairy Alternatives Market Is Expected to Expand Significant CAGR from 2019 to 2025

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Global Dairy Alternatives Market Size By Product, By Application, By Formulation, By Sales Channel, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025 – PowerPoint PPT presentation

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Title: Dairy Alternatives Market Is Expected to Expand Significant CAGR from 2019 to 2025


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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
  • Shifting consumer preference for vegan products
    owing to growing health consciousness will drive
    the dairy alternatives market growth. The demand
    for flavored milk from soy, almond, coconut,
    rice, oats, and hemp are increasing due to
    improved vitamins minerals uptake. Manufactures
    are focusing on developing new flavors in
    plant-based ice-cream frozen yogurt for gaining
    competitive advantage.
  • Increasing concern pertaining to lactose
    intolerance and high prevalence of related
    diseases such as bloating, and diarrhea is
    supporting the dairy alternatives market share.
    As per the World Health Organization, 70 of the
    global population is lactose intolerant in 2017.
    Other key benefits gaining consumer attention
    include low cholesterol level and reduced calorie
    content.
  • Ease in raw material availability owing to
    significant growth in production accompanied by
    low initial investments for startups are
    resulting in increased industry competitiveness.
    According to SOPA, global soy production has
    enhanced from around 320 million metric tons in
    2014 to around 361 million metric tons in 2018.
    Further, as per USDA, global almond production
    has increased from around 1,069 thousand metric
    tons in 2014 to 1,285 thousand metric tons in
    2018.

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Continued...
  • Key aspects including improved product flavor
    taste and expanding distribution network will
    drive the industry growth over the forecast
    timeframe. Further, the industry observes new
    product launches based on oats, hemp, rice, and
    almonds. For instance, in January 2019, Oatly
    announced to expand its oat-based ice-cream by
    launching new flavors. Also, hemp-based dairy
    alternatives are gaining popularity and readily
    available in North America and Europe.
  • Almond-based dairy alternatives market will
    observe the fastest CAGR at around 8.5 from 2019
    to 2025. Increasing almond production to cater
    the growing demand along with rising consumer
    awareness regarding health benefits are
    positively influencing the industry development.
    Further, almond milk provides benefits such as
    higher daily recommended value for vitamin D and
    vitamin E, low-calorie content, and reduced
    cholesterol levels.
  • Beverages hold a substantial share in the global
    dairy alternatives market. The ratio of
    plant-based beverages to other alternatives is
    higher with increasing demand for milk. Products
    such as cheese, ice cream, and yogurt are
    difficult to produce from rice, hemp, and oats,
    and do not match the taste and texture of its
    dairy counterparts, hence supporting higher
    penetration rate of plant-based milk. Factors
    such as ready availability, flavor innovations,
    varied taste preferences, and growth in imports
    exports are driving the product demand.

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

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Browse Full Market Research Report On Dairy
Alternatives Market _at_ http//bit.ly/33kMjjN
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2451 etail/49
6
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