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Oct 20, 2020 (SUPER MARKET RESEARCH via COMTEX) — According to a new report by Expert Market Research titled, 'Global Dairy Alternative Market Report and Forecast 2020-2025', the global dairy alternative market reached a value of USD 16.3 billion in 2019. The market is projected to grow at a CAGR of 12.3% in the forecast period of 2020-2025 to reach USD 32.7 billion by 2025.
The global dairy alternative market is driven by a rising avoidance of milk products in Europe owing to health-related reasons and the growing aversion to saturated fat consumption among the consumers. In Europe, animal cruelty and animal rights issues are the major reasons for the avoidance of traditional dairy products. The United States of America is another major dairy alternative market where dairy alternatives are expected to represent 40% of the dairy industry by 2021. While American consumers prefer almond milk, soymilk leads the overall market. Soymilk represented nearly 50% of the global market and had the largest sales in 2017 as compared to other products in the market. However, in the coming years, almond milk is expected to become the fastest-growing segment in the industry.
Request a free sample copy in PDF or view report summary@ https://www.expertmarketresearch.com/reports/dairy-alternative-market/requestsample
In January 2019, Nestle (OTCMKTS: NSRGY) launched dairy alternative Natural Bliss creamers in the United States. Nestle USA's Coffee-Mate Natural Bliss array of creamers answers the growing demand for plant-based products by the consumers. The blend, Natural Bliss Half and Half, contains a mixture of almond milk and coconut cream. It is available two variants, i.e., vanilla and unsweetened. Alongside these, a new oat milk creamer has also been launched as a part of the brand, made with cane sugar, real oat milk, and natural vanilla flavour. This product is being marketed by the company as a great non-dairy option for consumers with dietary restrictions who still want to have a simple yet rich addition to their beverage.
Explore full report with table of contents@https://www.expertmarketresearch.com/reports/dairy-alternative-market
Market Analysis by Source:
1 Soy
2 Almond
3 Coconut
4 Rice
5 Oats
6 Hemp
7 Others
Market Analysis Formulation:
1 Plain
2 Flavoured
Market Analysis Application:
1 Milk
2 Ice Creams
3 Yoghurt
4 Cheese
5 Creamers
6 Others
Market Analysis Distribution Channel:
1 Supermarkets/Hypermarkets
2 Convenience Stores
3 Health Stores
4 Online Retailers
5 Others
Market Analysis Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Califia Farms
- Kerry Inc.
- Ripple Foods Inc.
- Nestle
- Kite Hill
- Pacific Foods of Oregon, LLC
- Dean Foods
- Elmhurst Milked Direct LLC
- SunOpta Inc.
- The WhiteWave Foods Company
- The Dohler Group
- Daiya Foods Inc
- The Hain Celestial Plant Based Milk
- Others
Related Reports:
Global Dairy Market@https://www.expertmarketresearch.com/reports/dairy-market
Global Cheese Market@https://www.expertmarketresearch.com/reports/cheese-market
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com/), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 138 Duane St, NY 10013
City: New York City
State: New York
Country: United States
Website:https://www.expertmarketresearch.com
The post GLOBAL DAIRY ALTERNATIVE MARKET SIZE 2020, INDUSTRY GROWTH, SHARE, TRENDS ANALYSIS, PRICE, COMPETITIVE LANDSCAPE, OUTLOOK AND FORECAST appeared first on Super Market Research.
COMTEX_373069775/2607/2020-10-20T05:55:47
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The MarketWatch News Department was not involved in the creation of this content.
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