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Global Dairy Substitutes Market Size to Observe Growth

Pune, India, Oct. 20, 2022 (GLOBE NEWSWIRE) — MarketStudyReport has recently added the latest report, global dairy alternatives market is expected to experience a CAGR of 10% over the forecast period to generate notable returns by 2028.

Moreover, it details how the key factors that have impacted the market dynamics in terms of competitors as well as the market revenue. The document also discusses the impact of COVID-19 on business models during the assessment period.

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Rising consumption of dairy alternatives by lactose intolerant and milk allergic people, along with shifting consumer preference towards plant-based foods due to environmental concerns are the major drivers driving the growth of the global dairy market. dairy alternatives.

For the uninitiated, dairy alternatives are foods and beverages that, in terms of flavor, texture, and the nutritional benefits they provide, are comparable to certain types of dairy products. They are used to replace dairy products because they do not contain lactose, as lactose intolerance is very common among individuals.

Additionally, the growing prevalence of lactose intolerance is dramatically increasing consumer demand for dairy alternatives such as soy milk, rice milk, coconut milk and others, which in turn is propelling the expansion Of the industry.

On the contrary, the high cost of dairy substitutes and fluctuating raw material prices are some of the factors that are likely to hinder the development of the market in the coming years.

Market segment overview:

Based on source, the global dairy alternatives industry is divided into almonds, soybeans, coconuts, rice, oats and others. Among these, the almond segment is expected to witness considerable growth over the forecast period.

In terms of product type, the market is branched into cheese, ice cream, yogurt, milk, and others. Among these, the milk segment is gaining momentum at present and is poised to record notable expansion during the review period. Speaking of formulation, the industry is divided into plain and flavored. Based on sales channel, the market is divided into online and offline.

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Regional scope:

Regionally, the latest trends are studied in Western and Eastern Europe, Asia-Pacific, North America, Latin America, the Middle East and Africa. The Asia-Pacific region currently holds a considerable market share and is expected to grow significantly in the coming years.

Competitive Dashboard:

Regarding the competitive landscape, Valsoia SpA, Eden Foods, Inc., Arla Foods Inc., Living Harvest Foods Inc., Earth’s Own Food Company Inc., Blue Diamond Growers, WhiteWave Foods Company, Vitasoy International Holdings Limited, CP Kelco US Inc., Oatly Group AB, Freedom Foods Group Limited, Daiya Foods Inc., Archer-Daniels-Midland Company, The Hain Celestial Group, Inc. and Cargill, Incorporated are the major players in the global dairy alternatives industry.

Global Dairy Alternatives Market, by Product Type (Value, USD, 2019 – 2028)

  • Cheese
  • Ice cream
  • Yogurt
  • Others

Global Dairy Substitute Market Growth, By Sales Channel (Value, USD, 2019-2028)

  • On line
  • Offline (specialty stores, pharmacies, convenience store, hypermarket and supermarket.)

Global Dairy Alternatives Market, By Formulation (Value, USD, 2019 – 2028)

Global Dairy Alternatives Market, by Source (Value, USD, 2019-2028)

  • Coconut
  • Soy
  • Rice
  • oats
  • Almonds
  • Others

Global Dairy Alternatives Market, Geographic Fragmentation (Value, USD, 2019-2028)

North America

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Europe

  • Poland
  • Russia
  • Nordic
  • Benelux
  • Italy
  • France
  • Spain
  • UK
  • Germany
  • The rest of Europe

Asia Pacific

  • Australia
  • South Korea
  • India
  • China
  • Japan
  • ASEAN
  • Rest of Asia-Pacific

Middle East and Africa

  • Turkey
  • South Africa
  • GCC
  • Rest of MEA

Global Dairy Alternatives Market, Company Profiles (Value, USD, 2019-2028)

  • Valsoia SpA
  • Eden Foods, Inc.
  • Arla Foods Inc.
  • Living Harvest Foods Inc.
  • Earth’s Own Food Company Inc.
  • Blue diamond producers
  • WhiteWave Food Company
  • Vitasoy International Holdings Limited
  • CP Kelco US Inc.
  • Oatly AB Group
  • Restricted freedom food group
  • Daiya Foods Inc.
  • Archer-Daniels-Midland Company
  • The Hain Celestial Group, Inc.
  • Cargill, Incorporated

Contents:

1. Presentation of the market

1.1. Scope of the study

1.2. Statement of the problem

1.3. Market segmentation

2. Assumptions and acronyms

3. Executive Summary

3.1. World market in 2022

3.2. Analyst Opinions and Recommendations

3.3. Growth opportunities and key strategies

3.4. Supply and demand side trends

4. Research methodology

5. Analysis of the impact of COVID-19 and the way forward

6. Market indicators and context

6.1. Macroeconomic factors

6.2. Forecast factors

Robust assessment of various factors including industry performance, spending by industry players, economic conditions, among others

6.3. Supply chain and value chain analysis

6.3.1. raw material suppliers

6.3.2. Product manufacturers

6.3.3. Key end users

6.4. Industry SWOT Analysis

6.5. PESTLE analysis

6.6. Porter’s Five Forces Analysis

7. Government Laws and Industry Regulations

8. Global and Regional Market Dynamics

8.1. Drivers

8.2. Constraints

8.3. Tendencies

8.4. Opportunities

9. Price analysis

9.1. By product type

9.1.1. Milk

9.1.2. Yogurt

9.1.3. Ice cream

9.1.4. Cheese

9.1.5. Others (creamers etc.)

9.2. By Formulation

9.2.1. Fragrant

9.2.2. Plain

9.3. By region

9.3.1. North America

9.3.2. Europe (Western and Eastern)

9.3.3. Asia Pacific

9.3.4. Latin America

9.3.5. Middle East and Africa

10. Parent Market Overview: Global Dairy Market

11. Segmental analysis

11.1. Global Dairy Alternatives Market by Source

11.1.1. Segment overview

11.1.1.1. Soy

11.1.1.2. Almond

11.1.1.3. oats

11.1.1.4. Rice

11.1.1.5. Coconut

11.1.1.6. Others (hemp, cashews, etc.)

11.2. Global Dairy Substitutes Market by Product Type

11.2.1. Segment overview

11.2.1.1. Milk

11.2.1.2. Yogurt

11.2.1.3. Ice cream

11.2.1.4. Cheese

11.2.1.5. Others (creamers etc.)

11.3. Global Dairy Alternatives Market by Formulation

11.3.1. Segment overview

11.3.1.1. Fragrant

11.3.1.2. Plain

11.4. Global Dairy Alternatives Market by Sales Channel

11.4.1. Segment overview

11.4.1.1. Offline

11.4.1.1.1. Supermarkets and Hypermarkets

11.4.1.1.2. convenience stores

11.4.1.1.3. Pharmacies

11.4.1.1.4. Specialty stores

11.4.1.2. On line

11.5. Global dairy substitutes market by region

11.5.1. North America

11.5.2. Latin America

11.5.3. Western Europe

11.5.4. Eastern Europe

11.5.5. Asia Pacific

11.5.6. Middle East and Africa

12. Regional analysis

Related report:

Global Dairy Ingredients Market 2022-2028

The Global dairy ingredients market The size is expected to grow by $39 billion between 2022 and 2028, registering a CAGR of 3.7%, according to a new report. The report provides in-depth analysis and insights into the current global market scenario, latest trends and drivers of the global Dairy Ingredients market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate, and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the Dairy Ingredients industry. This industry report offers global market estimates and forecasts, followed by detailed product, application, and region analysis. The global dairy ingredients market can be segmented by product: anhydrous milk fat, blends, butter, buttermilk powder, casein and caseinates, cheese and derivatives, cream powder, lactose and derivatives, milk powder, milk protein concentrates and milk protein isolates, whey powder, others. The Dairy Ingredients market is further segmented by Application: Bakery & Confectionery, Baby Formula, Processed Foods, Sports & Clinical Nutrition, Others. Based on region, the dairy ingredients market is segmented into: North America, Europe, Asia-Pacific, Rest of the World.

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