Dairy Alternatives Market Status and Trend Report 2023 - 2032 - PowerPoint PPT Presentation

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Dairy Alternatives Market Status and Trend Report 2023 - 2032

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Fresh dairy products have always been regarded as the healthiest and the most significant components of an individual's diet. – PowerPoint PPT presentation

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Title: Dairy Alternatives Market Status and Trend Report 2023 - 2032


1
Dairy Alternatives Market to at over 9 CAGR from
2023 to 2032 Global Market Insights, Inc.
2
Overview of Dairy Alternatives Market
  • Global Dairy Alternatives Market is expected to
    expand steadily through 2032 due to the high
    nutritional value of plant-based dairy
    alternatives. Fresh dairy products have always
    been regarded as the healthiest and the most
    significant components of an individual's diet.
    However, during recent years, as people have
    learned more about the advantages and
    disadvantages of dairy substitutes over
    traditional dairy products, the demand for such
    products has skyrocketed.
  • The availability of several alternative dairy
    products, such as soy milk, oat milk, almond
    milk, rice milk, and hazelnut milk in grocery and
    retail stores has increased consumer demand.
    Leading market players have been investing in RD
    activities to expand their product portfolio in
    the overseas market. For instance, in October
    2021, Alpro, a Danone subsidiary, announced an
    investment of 54.65 million in the UK to boost
    plant-based beverage production. These funds will
    help Alpro increase its production capacity by
    300 million liters annually.
  • The dairy alternatives market has been classified
    in terms of product and region.

3
Continue
  • Based on the product, the coconut segment is
    slated to amass more than USD 7.4 billion in
    revenue by 2032. The popularity of more diverse
    food and beverage products, like coconut panna
    cotta and coffee with almond milk, is growing
    among consumers concerned about their health.
    Similarly, coconut-based dairy substitutes are
    becoming more prevalent in major end-use
    industries, including restaurants, hotels, and
    cafes, in the form of packaged meals. Due to the
    items' increasing availability, consumers have
    found it simpler to select dairy alternatives and
    products incorporating them.
  • Meanwhile, the hemp segment is anticipated to
    attain high gains in the forthcoming years. Hemp
    seed milk is being used more frequently because
    of the continuous developments in nutraceutical
    technology which, in turn, is expected to foster
    industry growth over the coming years.
    Furthermore, demand for hemp seed milk in the
    retail sector is anticipated to increase because
    of the rising popularity of plant-based diets in
    developed nations, including the United States,
    Canada, the United Kingdom, and Italy.

4
Continue
  • From the regional outlook, the Latin America
    dairy alternatives market is poised to propel
    robustly over the review timeline. The market for
    dairy substitutes in Latin America has been
    stimulated by the rise in lactose intolerance
    cases and the popularity of vegan diets.
    Consumers' increased health consciousness has
    increased the demand for functional beverages,
    which is being pushed by the creation of tasty
    and nutritionally-sound functional drinks made
    from plant-based alternatives.
  • Notable participants in the Dairy Alternatives
    market include Danone, Oatly AB, Hain Celestial
    Group, The WhiteWave Foods Company, Blue Diamond
    Growers, SunOpta, Inc, So Delicious, Freedom
    Foods, Valsoia SpA, Pacific Foods, New Barn, Inc,
    Califia Farms, Tofutti Brand Inc, MALK Organics,
    Ripple Foods, Triballat Noyal, and Earths Own
    Food Company Inc.

5
Browse Full Research Report On Dairy Alternatives
Market _at_ https//bit.ly/3ZmkKox Request For A
Sample Of This Research Report _at_
https//bit.ly/3WYpX4n
6
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