(Food-Beverage-News.Com, October 24, 2017 ) Market Data Forecast | Recent Published Study | Dairy Alternatives Market By Type (Almond Milk, Soy Milk, Rice Milk, Others), By Formulation (Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened), By Application (Food & Beverages) and By Region - Global Industry Analysis, Size, Share, Growth, Trends and Forecasts (20162021)
Key Findings of the study: The Global Dairy Alternatives Market was worth USD 11.10 billion in 2016 and is estimated to be growing at a CAGR of 15.3%, to reach USD 22.62 billion by 2021. The demand for dairy alternatives is driven by growing consumer liking for lactose-free food products including cheese, desserts, and snacks. Rising consumer focus on the nutritional values offered by the product such as low calories and high proteins and vitamins is likely to have a positive impact on the industry. Moreover, the swing of consumer base towards vegan diet owing to certain aspects including animal rights and environment protection are anticipated to drive the demand for dairy alternatives over the forecast period. However, high cost associated with these products as compared to dairy products is likely to hamper industry growth. Soy Milk accounted for the highest revenue of the overall market and Almond Milk is projected to witness high growth rate during the forecast period. The Dairy Alternatives market was dominated by Asia-Pacific. Asia-Pacific was followed by North America and Europe. Some of the major companies dominating the market, by their products and services include The Hain Celestial Group Inc., Blue Diamond Growers, Daiya Foods Inc., SunOpta Inc., Archer Daniels Midland Company, The WhiteWave Foods Company, Freedom Foods Group Limited, Sanitarium Health & Wellbeing Company, Earths Own Food Company, Nutriops S.L. and Eden Foods, Inc.
Dairy Alternatives Market Segmentation: By Type Almond Milk Soy Milk Rice Milk Others Y-o-Y Growth Analysis, By Type Market Attractiveness Analysis, By Type Market Share Analysis, By Type
By Formulation Plain Sweetened Plain Unsweetened Flavoured Sweetened Flavoured Unsweetened Y-o-Y Growth Analysis, By Formulation Market Attractiveness Analysis, By Formulation Market Share Analysis, By Formulation
By Application Food & Beverages Other Applications Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
By Geography Introduction North America Europe Asia-Pacific Latin America Middle East & Africa
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