A recent market intelligence report that is published by Data Insights Partner on the global dairy alternatives Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international dairy alternatives market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global dairy alternatives Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of the global dairy alternatives market is offered. In accordance with the report, the global dairy alternatives market is projected to expand at a CAGR of 10.5% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
A significant percentage of the population has proven to be intolerant to lactose, the sugar present in most dairy products and byproducts, showing serious symptoms of indigestion and/or allergies after consuming animal milk or its associates. Alternate dairy also proves to be lighter on the gut, controls, diabetes and improves cholesterol. Thus these alternatives are increasing in demand day by day.
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The benefits of a vegan diet are now much more widespread to consumers among all bases. Especially in developed and some developing economies, plant-based milk alternatives are being made available. This group of foods is sought after for many reasons as they help with raging health issues like weight management improve health and provide energy. Consumers who do not want to consume animal milk have a wide range of choices to pick from: cashew, almond, soya, coconut, hemp, oats, rice and so on. Observing this rapid growth, many manufacturers are shifting towards vegan milk alternatives, as they are a lot lighter on the gut than traditional dairy. So dairy alternatives market can be predicted as growing at an enormous rate.
Many fractions of the consumer base including lactose intolerant people, health conscious consumers, vegans and trainers seem to prefer the dairy free route, thus fueling a huge demand. So in this case, strategies like diversifying and segmenting the market can work well to boost sales of dairy alternative milk and other similar products. However, this comes at a high price. The sourcing of dairy free alternatives has been difficult and depends on the supply of materials. In terms of taste, a big fraction of the population still prefers the traditional dairy due to its rich taste and texture, thus creating another restraint. Availability of raw materials is a challenge to be overcome here, which has been seen in case of oat milk and several other alternatives. Unavailability of these raw materials raises problems in production of alternative dairy products.
Companies need to extend their reach as much as possible, in case of dairy free alternative markets. Diversifying sources to hemp, flaxseed, coconut and oats have helped greatly. PANOS Brands, an US based company has its dairy free brand “Better than Milk” which is FSC certified, that means their products are ethically and hygienically sourced. Also, a big advantage of plant based dairy and alternative dairy over conventional dairy lies in the fact that the latter takes lesser time to disintegrate.
This market intelligence report on the global dairy alternatives market encompasses market segments based on source, application, nutrient and country/regions.
In terms of source, the global dairy alternatives market is segregated into
By application, the global dairy alternatives market is also classified into,
- Ice cream
By nutrients, the global dairy alternatives market has been divided into
By country/region, the global dairy alternatives market has been divided into
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Groupe Danone
- Califia Farms
- Hiland Dairy
- Ripple Foods
- Eden Foods
- Rebel Kitchen
- Organic Valley
- Panos Brands LLC
- WhiteWave Foods Company
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as dairy alternatives market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of dairy alternatives Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world dairy alternatives market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Organic Valley, Panos Brands LLC., Rebel Kitchen, Eden Foods many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical upgradation
Ø The world market for dairy alternatives caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the dairy alternatives market
v Identification of key factors driving investment opportunities in the dairy alternatives market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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