Food & Beverage

Global Dairy Alternative Market will grow at CAGR of 9.1% to hit $169.82 Billion by 2026- Analysis by Trends, Size, Share,

Dairy Alternative Market

The Dairy Alternative Market report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the market.The dairy alternative market has enjoyed rising popularity from 2000 to 2019, as non-dairy plant-based milk consumption increased by triple digits. Over 90% of U.S. households drink traditional dairy milk, although consumption is decreasing   consumers have gone from 10 glasses of milk per week to just eight. The cases of lactose intolerance among cow milk consumers is rising which is caused due to the shortage of enzyme lactase which breaks down the lactose into two smaller sugars called as glucose and lactose. Many people around the world are sadly say goodbye to their favourite dairy products as they have difficulty in digesting lactose.

Some of the prominent participants operating in this market are Earth’s Own Food Company Inc., Sunopta, Pureharvest, Pacific Foods Of Oregon, Inc., Sanitarium, Hain Celestial  And Others, The Whitewave Foods Company, Kite Hill, Oalty, Blue Diamond Growers.

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Segmentation: Global Dairy Alternative Market

Global dairy alternatives market is segmented into seven notable segments which are product type, type, formulation, application, nutritive, distribution channel, brands.

  • In August, Kite Hill(U.S.) launched squeezable vegan yogurt tubes dairy free brand at whole food market in the country.
  • On the basis of type, the market is segmented into organic and inorganic, in 2018, organic is expected to reach USD 11,043.04 million by 2025, with the highest CAGR of 9.9% in the forecast period of 2018 to 2025.
  • In May Blue Diamond Growers (U.S.) launched almond breeze in brazil market. By this product launched company explored business in the market.
  • On the basis of formulation, the ve market is segmented into plain & sweetened, plain & unsweetened, flavored & sweetened, flavored & unsweetened and others. The plain & sweetened segment market growing at the highest CAGR of 10.0% in the forecast period of 2018-2025.
  • In August, Vitasoy International Holdings Limited (Hong Kong) launched high calcium plant milk in Australia. On international World Plant Milk Day company launched this product and shared health benefits of plant milk.
  • On the basis of application, market is segmented into food, beverages. The food segment market growing at the highest CAGR of 9.7% in the forecast period 2018 to 2025.
  • In November, VALSOIA S.P.A (Italy) launched two almond gelato formats. It is 100% dairy free product. This product name was Il Gelato auf basis von mandeln 4 ministicks and Il Gelato auf basis von mandeln 8 Sandwich.
  • On the basis of nutritive component, the market is segmented into protein, starch, vitamins, others. In 2018, protein segment growing with the highest CAGR of 9.9% in the forecast period 2018 to 2025.
  • In June, Ripple Foods (U.S.) launched vegan green yoghurt which is made from pea protein .It is plant based milk.
  • On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialized store, online, others. In 2018, online segment is growing with the highest CAGR of 10.3% in the forecast period of 2018 to 2025.
  • In February, Yoconut Dairy Free (U.S.) developed a lean business model for the customer satisfaction. By this business model company wanted to get the customer stratification.

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Global dairy alternatives market is the most relevant, unique, fair and creditable global market research report which is provided to the valuable customers and clients depending upon their specific business needs. Global dairy alternatives market report helps uncover the general market conditions and tendencies. Along with competitive analysis of the key players, this Global dairy alternatives market report also serves with complete and distinct analysis of the market drivers and restraints, detailed analysis of the market segmentation, key developments in the market and details of research methodology. Excellent practice models and method of research applied for this Global dairy alternatives market report unearths the best opportunities to succeed in the market.

This Global dairy alternatives market research report is formulated by using integrated advancements and latest technology to obtain the most excellent results. The information and analysis covered in the Global dairy alternatives market report brings into light the types of consumers, their preferences about the product, their buying intentions and their ideas about the enhancement of a product. A good number of top competitors are taken into consideration in this report to obtain the insights on strategic industry analysis of the key factors influencing the market. Breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share and sales volume have been explained very well in the report.

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