Report Description
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.
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.
Segment Covered:
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
§ Soy
§ Almonds
§ Oats
§ Hemp
§ Coconut
§ Cashew
§ Rice
§ Others
By application, the global dairy alternatives
market is also
classified into,
§ Cheese
§ Creamers
§ Milk
§ Ice cream
§ Others
By nutrients, the global dairy alternatives market has been divided into
§ Protein
§ Starch
§ Vitamins
§ Minerals
§ Others
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).
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
§ Ecomil
§ 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.
Report Highlights:
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.
Salient Features:
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