Dairy Alternative Market Size & Share Poised for Growth by 2021

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Sarasota, FL — 11/17/2017 — The dairy alternative is a plant-based milk and used as the major substitute for milk. It is processed through cereals (oats, rice, wheat, and barley), nuts, and seeds. It contains low-cholesterol and low-fat content than milk products. Dairy alternative does not contain lactose that has therapeutic or medical advantages, particularly for the lactose intolerant population.

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The report covers forecast and analysis for the dairy alternative market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). The report also offers the detailed competitive landscape of the global dairy alternative market. It includes company market share analysis, the product portfolio of the major industry participants. The report provides market opportunities for the upcoming years.

Dairy alternative products have various health benefits. Growing vegetarian population and increase health awareness mainly drive the dairy alternative market. Strong support from the government and associations is also expected to offer growth prospects for the dairy alternative market. However, an absence of proteins, cross-contamination of raw materials and high cost associated with dairy alternatives may hamper the dairy alternative market. Nevertheless, lactose intolerance, new marketing techniques and awareness programs regarding dairy alternatives may create various opportunities for this market.

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In terms of segmentation, the dairy alternative market has been segmented on the basis of product which includes almond milk, oat milk, rice milk, soy milk and others. The soy milk segment is expected to acquire the largest market share of global market in the coming years. The demand for almond milk is also increasing extensively due to various health advantages and high content of calcium and vitamin. On the basis of formulations, a market is divided into plain-sweetened, plain-unsweetened, flavored-sweetened, flavored-unsweetened, and others.

The dairy alternative market has been encountering constant development and would keep up the same trend in the near future. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific dairy alternatives market is predicted to grow at the highest CAGR in the forecast period. Rising health awareness, increasing cases of lactose intolerance and milk allergy in this region would fuel the market growth.

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There are some major players in the dairy alternative market such as Blue Diamond Growers, Earth's Own Food Company, Panos Brands LLC, Eden Foods Inc, The Bridge S.R.L, Whitewave Foods Company, Associated British Foods, and BASF SE among others.

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Brad Bennett

Brad Bennett

Brad grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children.
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