Animal Free Dairy Products Market Size and Analysis, Trends, Recent Developments, and Forecast Till 2030

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Animal Free Dairy Products Market Size Worth USD
60.24 Billion 2030
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Growth in consumer preference for a vegan diet is
a significant factor driving global animal-free
dairy products market revenue growth
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
The global animal-free dairy products market size
is expected to reach USD 60.24 Billion at a
steady revenue CAGR of 10.4 in 2030, according
to the latest analysis by Emergen Research.
Growth in consumer preference for a vegan diet
can be attributed to the steady market revenue
growth of animal-free dairy products. In a Global
Consumer Survey on diets and nutrition in the
United States in 2022, about 5 of respondents
identified as vegan. In 2016, 2019, and 2020, The
Vegetarian Resource Group and The Harris Poll
performed an online survey, and the results
showed that 3 of respondents were Americans who
were vegans. According to research, the
proportion of Americans who identify as vegan
increased by 600 between 2014 and 2017, from 1
to 6. Even though that is a relatively small
fraction of the total, other data show that
customers who do not identify as vegetarians or
vegans are becoming more interested in
plant-based diets. Hence, the growth in consumer
preference for a vegan diet is leading to a rise
in demand for animal-free dairy products, which
is in turn driving revenue growth of the
market. A recent trend in the market is rising
demand for vegan ice creams and novelties. As
there is rising demand for these products, many
key market players are launching new vegan ice
cream and novelty products. For instance, Wicked
Cuisine Inc.
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Market Summary
Further key findings from the report suggest On
19 May 2022, Bored Cow, Tomorrow Farms first
product and brand, use Perfect Day's animal-free
whey protein to recreate a cow-free version of
flavored milk, giving consumers the nutrition and
functionality of traditional dairy without the
environmental or ethical drawbacks. The product
just completed a USD 10.5 million funding round.
The fluid milk market is being redefined and
reinvented by Tomorrow Farms, one of a new
generation of entrepreneurs using animal-free
whey proteins produced by microbial
fermentation. The soy segment is expected to lead
in terms of revenue share in the global market
over the forecast period owing to its increased
popularity. Soy milk has all the essential amino
acids, just like dairy milk does. It also
contains only a small amount of saturated fat and
no cholesterol. Soy milk is a popular dairy-free
alternative to cow's milk that is manufactured
from plants. It is made from soybeans, and many
producers, notably Silk, add vitamins and
minerals to their soy milk, such as calcium and
vitamin D. Soy milk offers gastronomic
versatility, a creamy texture, and a good
nutritional profile, including important omega-3
fatty acids (if fortified) and flavonoids that
exert antioxidant, anti-inflammatory, and
cardioprotective characteristics, according to
specialists. The flavored segment is expected to
account for a large revenue share over the
forecast period. Although creating and
manufacturing vegan or dairy goods without the
use of animals in a range of flavor profiles is
an intriguing effort, it is also challenging.
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Market Summary
Emergen Research has segmented the global
animal-free dairy products market on the basis of
source, formulation, products, distribution
channel, and region Source Outlook (Revenue, USD
Million 20192030) Soy Almond Coconut Other
Sources Formulation Outlook (Revenue, USD
Million 20192030) Flavored Plain Products
Outlook (Revenue, USD Million 20192030) Milk Ice
-Cream Yogurt Other Products Distribution Channel
Outlook (Revenue, USD Million 20192030) Supermar
kets Health food Stores Read More_at_
https//www.emergenresearch.com/industry-report/an
imal-free-dairy-products-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2027
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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About Us
At Emergen Research, we believe in advancing with
technology. We are a growing market research and
strategy consulting company with an exhaustive
knowledge base of cutting-edge and potentially
market-disrupting technologies that are predicted
to become more prevalent in the coming
decade. Our expertise umbrellas the
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