Dairy Alternative Market

Dairy Alternative Market Segmented by Source, Formulation, Distribution
Channel, and Application- Global Industry Insights, Opportunity Analysis
Till 2026
Dairy alternative products are substitutes for cow’s milk, which are processed
from cereals, nuts, and seeds of certain plants. This food group is a vital part of
a healthy and balanced diet as they are good sources of calcium, protein, and
vitamins, which are necessary for normal bone growth and tooth development.
The dairy alternatives can be used as milk in cooking and baking. Demand for
dairy alternatives is driven by the low-fat content and low cholesterol
concentration in it. Increase in obese and vegan population and rising health
awareness among public globally are expected to propel the market growth.
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Soy milk accounts for a maximum market share in global dairy alternatives
market as it is widely used in refreshment drinks. Dairy alternatives are used in
beverages such as energy drink and mixed fruit drink that are being popularly
consumed. Thus, the high demand in beverages industry is expected to drive the
dairy alternatives market during the forecast period.
Dairy Alternative Market Outlook- Asia Pacific is the fastest growing
region
In Asia Pacific, increase in number of dairy-allergic consumers is expected to
boost the revenue of the dairy alternatives market. Increasing demand for
lactose-free food products and consumer preference toward nutritional food are
also projected to fuel the market growth. The nutritional value of animal milk is
same as that of plant-based milk.
In addition to lactose-free, dairy alternatives are also sources of amino acids,
fibers, and vitamin B, which are essential for human body, hence dairy
alternatives market is expected to witness an exponential growth over the
forecast period.
With dietary diversification and high investments in R&D, the manufacturers
are focusing on innovations to expand their portfolio and to achieve a
competitive edge. In December 2016, Organic Valley, one of the leading
companies of dairy alternatives products made headlines for expanding its
production in Mid-Atlantic. In April 2017, a successful entrepreneur, Adam
Lowry teamed up with chemical engineers and launched first yellow pea-based
milk, Ripple, which claims to have more protein as compared to almond milk.
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Dairy Alternative Market report categorizes the global market by Source (Almond Milk, Soy Milk, Rice Milk, Oat Milk), Formulation (Plain Sweetened, Flavor Sweetened, Plain Unsweetened, Flavor Unsweetened), Distribution Channel (Supermarket, Convenience Retailers, Pharmacy), and Application (Food, Beverages) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025