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Global Dairy Alternatives Market

Dairy alternatives are lactose-free products used as substitutes for milk products. These alternatives are widely extracted from various cereals such as oats, wheat, rice, barley and nuts. Dairy-based herbal alternatives, widely available in supermarkets, include several milk options, such as soy, almonds, coconut, rice, hemp and flax, as well as milk-free yogurts, frozen desserts, spreads and cheeses. The Global Dairy Alternatives Market is projected to grow at a CAGR of 11.7% from 2017, to reach USD 14.36 Billion by 2022.

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Drivers and Restraints:

Advances in medical technology and the growing awareness of lactose on the human body among milk consumers are supporting the market growth. The global market for alternative dairy products is also reinforced by other factors, such as the increasing diversity of alternative dairy products around the world and the healthier nature of several types of dairy alternatives. However, the global market for alternative dairy products is being curtailed by factors such as the higher price and the lack of clarity towards the current available alternative dairy products.

Geographic Segmentation:
Based on geography, Global Dairy Alternatives Market is segmented into regions such as North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Asia-Pacific dominated the dairy alternative sector in terms of revenue in 2016 and accounted for more than 49.7% of the market share in the same year. It is expected that the increase in consumer awareness of dairy substitutes, the changing eating habits of consumers and the increase in disposable income will have a positive impact on the growth of the sector. The dairy substitute market in Europe is expected to grow at a compound annual growth rate of 13.7% during the forecast period. It is expected that the growing consumer demand for cholesterol-free and plant-based foods, along with the growing demand for yogurt and lactose-free ice cream, will drive the growth in the regional industry.

Key Players in Global Dairy Alternatives Market:
Major players actively participating in Global Dairy Alternatives Market include Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Blue Diamond Growers, The White wave Foods Company,Freedom Foods Group Limited, Earth’s Own Food Company, Inc., SunOpta, Inc., Daiya Foods Inc., Sanitarium Health,The Hain Celestial Group, Inc., Wellbeing Company, and Eden Foods, Inc.

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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News Release: Global Dairy Alternatives Market
Submitted on: October 08, 2018 09:45:58 AM
Submitted by: ratnasri
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