Dairy Alternatives Market will reach US$ 34.6 Billion by 2029 - Future Market Insights

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Dairy Alternatives Market

• JULY 2020

Report Id REP-GB-4852 Published On
2019-11-21 Category Food and Beverages
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Dairy Alternatives Market Analysis
As veganism is accelerating its move in the
mainstream, the demand for plant-based food
products has witnessed an upsurge. A recent
market study by Future Market Insights (FMI)
predicts that the revenue of the dairy
alternatives market will reach US 34.6 billion
by 2029. In terms of value, the global dairy
alternatives market is projected to register a
CAGR of 8.3 during the forecast period,
according to FMI. The thriving trend of veganism
is one of the primary factors triggering the
demand for dairy alternatives. Health-related
concerns such as allergies from milk and lactose
intolerance are playing a vital role in the
growth of the dairy alternatives market. With the
increased exposure to the dangers of dairy
products, more and more individuals are leaning
towards non-dairy milk, which, in turn, is
providing a significant boost to the dairy
alternatives market.
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Dairy Alternatives Market Analysis
Dairy alternatives have been competing in the
dairy space now for decades, but the competition
has intensified by the day as dairy alternatives
are expanding in styles, product categories, and
types. Growing research and development, product
line extensions, and marketing campaigns have led
to increased sales of dairy alternatives. Request
a Sample Report with Table of Contents and
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Dairy Alternatives Market Analysis
Product Portfolios Expand in Dairy Alternatives
Landscape as More Consumers are Becoming
Vegan With the advent of dairy alternatives, more
and more people are inclined towards them for
many reasons including better health, growing
concerns for animal welfare, reducing their
impact on the planet, and others. Awareness of
non-dairy substitute options available in the
market is increasing rapidly, which is leading to
increased availability of various types of dairy
alternatives available in grocery stores. The
substitutes for dairy, available in the market,
include soy milk, almond milk, coconut milk, rice
milk, cashew milk, flax milk, corn milk, and many
more. Plant-based milk, which is incorporated in
numerous food products is now extensively
available commercially. Many consumers are under
the impression that a vegan diet can be
overpriced however, nutritious non-dairy foods
can prove to be a lot cheaper than a dairy-based
or omnivorous diet.
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Dairy Alternatives Market Analysis
Dairy Alternatives Market Veganism Will Remain a
Significant Impact Factor Fueling the Demand for
Non-dairy Products Global Industry Analysis
Opportunity Assessment (2019 2029)
 https//www.futuremarketinsights.com/reports/dai
ry-alternatives-market Dairy Alternative
Beverages Show up in Supermarkets Dairy
alternative beverages accounted for more than 8
of world dairy launches. Actual global dairy
alternative launches have more than doubled over
five years. These launches have attracted keen
interest from individuals, which have boosted the
sales of dairy alternatives. The thriving demand
for healthier foods and modern retail formats
such as supermarkets/hypermarkets in developing
countries are assisting the sales of dairy
alternatives. Also, an upsurge in e-retail for
the sales of dairy alternatives has been observed
in the last two years. Practically, it is quite
impossible to replace overall dairy, not for the
next 15-20 years at least. Despite this long term
outlook, the dairy alternatives sector is
booming. Evolving consumer trends such as the
change in diets and growing health awareness are
expected to provide an upsurge to the dairy
alternatives market.
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Dairy Alternatives Market Analysis
Buy Full Dairy Alternatives Market Research
Report _at_ https//www.futuremarketinsights.com/chec
kout/4852 Dairy Alternatives Market to Become
Highly Competitive Competition in dairy
alternatives market is increasing at a rapid
pace. More and more players are entering the
business, and existing companies seem to follow
on-going trends by providing diverse products as
the demand increases. This report on dairy
alternatives covers the trends driving each
segment, and offers analysis and insights of the
potential of the dairy alternatives market in
specific regions. The dairy alternatives market
in Asia Pacific is expected to lead the market in
terms of share, and North America and Europe are
expected to record a relatively higher CAGR.
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Dairy Alternatives Market Analysis
Also, Latin America is the prominent region for
the players wanting to enter the market, the
opportunity for growth is highest among all
regions. Some of the key players in the market
are The Hain Celestial Group, Earths Own Food
Company, Dohler GmBh, Organic Valley, Daiya Foods
Inc., SunOpta, and Danone S.A. Our advisory
services are aimed at helping you with specific,
customized insights that are relevant to your
specific challenges. Let us know about your
challenges and our trusted advisors will connect
with you https//www.futuremarketinsights.com/ask
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Dairy Alternatives Market Analysis
About Us Future Market Insights (FMI) is a
leading market intelligence and consulting firm.
We deliver syndicated research reports, custom
research reports and consulting services which
are personalized in nature. FMI delivers a
complete packaged solution, which combines
current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights and an aerial view of the competitive
framework and future market trends.

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Dairy Alternatives Market Analysis
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