Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024. The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others. Widely consumed dairy substitute-based products are ice-cream, milk, butter, energy drinks, soft drinks, cheese, and others. The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments.
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Market Synopsis of Dairy Alternatives Market:
In addition, the low-fat content
and low cholesterol concentration in dairy alternative beverages, and their
increasing demand will initiate the growth of the market. Moreover, the dairy
alternatives offer several benefits such as increasing awareness among people,
and as the dairy alternatives products contain vitamin, high calcium, the
market will upsurge in the forecast period. On the other hand, factors such as
High price of dairy alternative beverages, cross contamination of raw materials
may hamper the growth of dairy alternatives industry in the forthcoming period
and anticipated to grow at a CAGR of 16.6% in the upcoming period as the scope,
product types, and its applications are growing across the globe.
Dairy alternatives market may be
explored by type, applications, formulations, distribution channel and
geography. The market may be explored by type as Soy, Coconut, Almond, Oat,
Hemp, and Rice. Soy milk accounted for 40.5% of the major share of the global
market size analysis in 2016. The factors that attribute to the growth of this
sector is the prevention of breast cancer, and heart diseases, will upsurge the
market growth in the upcoming period.
Dairy alternatives industry may
be explored by application as Food, and Beverages. Amongst the applications
segment, Beverages are estimated to account for the highest growing segment in
the forecast period. Increasing demand for flavored milk products, and its
growing health benefits will upsurge the market. The market may be explored by
Formulations as Plain & unsweetened, Flavored & sweetened, Plain &
sweetened, and Flavored & unsweetened. Dairy alternatives market may be
explored by distribution channel as Supermarket, Convenience Retailers,
Pharmacy
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Dairy Alternatives:
Market Variables, Trends & Scope
Chapter 4 Dairy Alternatives:
Product Estimates & Trend Analysis
Chapter 5 Dairy Alternatives:
Application Estimates & Trend Analysis
Chapter 6 Dairy Alternatives:
End-use Estimates & Trend Analysis
Chapter 7 Dairy Alternatives:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Dairy Alternatives:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Dairy Alternatives:
Manufacturers Company Profiles
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