Market Study Report adds global Dairy Alternatives market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
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Asia Pacific is projected to witness the fastest growth at over 10% from 2019 to 2025, led by countries such as China, India, Japan, and Indonesia. Lifestyle changes towards healthy living coupled with growing consumer spending are driving the product demand. Soy-based dairy alternatives market account for around 65% share in the region owing to high protein content, and growing soybean production in China and India. India?s soybean production increased from over 8.5 MMT in 2014 to around 11.0 MMT in 2018, thus providing a positive business outlook for manufacturers.
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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.
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.
Dairy alternatives market from mainstream stores holds a major share in 2018. Development of supermarkets and hypermarkets in emerging economies along with a preference for take-home options in developed countries are fueling business growth for manufacturers in this segment. Further, mainstream stores offer high discounts along with convenience to buy multiple products.
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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The global dairy alternatives market share in highly fragmented with a large number of regional and multinational players including Danone, Blue Diamond Growers, Valsoia S.P.A, Hain Celestial Group, Freedom Foods, Pacific Foods, and Sunopta. Strategic acquisitions, product launches, and geographic expansions are among the foremost strategies observed in the industry. For instance, in April 2017, Danone, a global food company, acquired WhiteWave Foods to enhance its product portfolio.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Dairy alternatives market 360 degree synopsis, 2013 -2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Application trends
2.1.4. Formulation trends
2.1.5. Sales channel trends
2.1.6. Regional trends
Chapter 3. Dairy Alternatives Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 -2025
3.3. Industry ecosystem analysis
3.4. Technology landscape
3.4.1. Production process
3.4.2. Key patents
3.5. Global dairy alternatives industry outlook
3.6. Regulatory landscape
3.7. Consumer buying behavior
3.8. Pricing analysis
3.9. Industry impact forces
3.10. Innovation & sustainability
Chapter 4. Dairy Alternatives Market, By Product
4.1. Global dairy alternatives market share by product, 2018 & 2025
4.2. Almond
4.3. Soy
4.4. Coconut
4.5. Oat
4.6. Rice
4.7. Hemp
4.8. Others
Chapter 5. Dairy Alternatives Market, By Region
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