Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024. The Dairy alternatives-based food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy, rice, almond, coconut, and others. Widely consumed dairy substitute-based products are ice-cream, milk, butter, energy drinks, soft drinks, cheese, and others. The dairy alternatives have a robust demand with respect to manufacturing medical food for their lactose-free nature, lactose intolerance ailments. The development of this market can be ascribed to the preference of customers toward a vegan diet, rising occurrences of lactose intolerance between the populace, and the increasing demand for several refresh dairy food & beverage applications.

In addition, the low-fat content and low cholesterol concentration in dairy alternative beverages, and their increasing demand will initiate the growth of the market. Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period. On the other hand, factors such as High price of dairy alternative beverages, cross contamination of raw materials may hamper the growth of dairy alternatives industry in the forthcoming period and anticipated to grow at a CAGR of 16.6% in the upcoming period as the scope, product types, and its applications are growing across the globe.

Dairy alternatives market may be explored by type, applications, formulations, distribution channel and geography. The market may be explored by type as Soy, Coconut, Almond, Oat, Hemp, and Rice. Soy milk accounted for 40.5% of the major share of the global market size analysis in 2016. The factors that attribute to the growth of this sector is the prevention of breast cancer, and heart diseases, will upsurge the market growth in the upcoming period.

Dairy alternatives industry may be explored by application as Food, and Beverages. Amongst the applications segment, Beverages are estimated to account for the highest growing segment in the forecast period. Increasing demand for flavored milk products, and its growing health benefits will upsurge the market. The market may be explored by Formulations as Plain & unsweetened, Flavored & sweetened, Plain & sweetened, and Flavored & unsweetened. Dairy alternatives market may be explored by distribution channel as Supermarket, Convenience Retailers, Pharmacy

Asia-Pacific has been at the forefront with regards to dairy alternatives industry and will continue to rule the roost in the years to come. The Asia Pacific accounted for the major share of 49.7% of the global volume in 2016. The region is estimated to continue to be a foremost user over the forthcoming period due to increasing demand of consumer for plant-based food along with the increasing occurrence of lactose intolerance. In Asia-Pacific region, the food and beverage market is undergoing transformation in response to the diet diversification, the liberalization of foreign direct investment in food segment, and rapid urbanization. Asia-Pacific is followed by North America and anticipated to be the highest growing economies for dairy alternatives market from 2013-2024.

Request a Free Sample Copy of Dairy Alternatives Market Report @ https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sample

Some of the key players that fuel the development of the dairy alternatives industry include Panos Brands LLC, Organic Valley Family of Farms, Earth’s Own Food Company Inc., Eden Foods Inc., The White wave Foods Company, Living Harvest Foods Inc., Blue Diamond Growers Inc., Grupo Le Pascual Sa, The Hein Celestial Group Inc., The Bridge S.R.L., OATLY A.B., and Sunopta Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Dairy Alternatives Product Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Soy Milk
• Almond Milk
• Rice Milk
• Others

Dairy Alternatives Formulation Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Plain
• Sweetened
• Unsweetened
• Flavored
• Sweetened
• Unsweetened

Dairy Alternatives Application Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• Food
• Cheese
• Desserts
• Snacks
• Beverages

The report “Dairy Alternatives Market Size & Forecast Report, 2013 - 2024” is available now at https://www.millioninsights.com/industry-reports/dairy-alternatives-market

Dairy Alternatives Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2013 - 2024)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Latin America
• The Middle East & Africa
• South Africa

Dairy Ingredients Market – Overview

Due to wide consumption of dairy ingredients in various industries, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Dairy Ingredients Market Size Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR during the forecast period.

Dairy ingredients are substances which are extracted from milk and are used to provide texture and flavor to various foods and beverages. These are stored in dry, concentrated and liquid forms. Dairy ingredients help in emulsification, fat holding, and viscosity creation. Dairy ingredients are considered as significant tools for a food developer to create a desirable attribute in foods. 

Dairy Ingredients Market - Competitive Analysis

With the entry of industry players in the dairy ingredients segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment, they are competing and experimenting with various advantage points. The key players are highly focusing on product innovations and new product launches which are healthy for the consumers. 

More Infographic Related Report @ https://www.marketresearchfuture.com/infographics

The key players profiled in Dairy ingredients are Cargill (U.S.), Fonterra Co-operative Group (New Zealand), Friesland Campina (The Netherlands), Dairy Farmers of America (U.S.), Glanbia Plc. (Ireland), Groupe Lactalis (Germany), and Arla Foods (Denmark) among many others.

Dairy Ingredients Market – Segments

The global dairy ingredients market has been segmented by type, application, and region.

On The Basis Of Type: Milk Powders (Skimmed Milk Powder, Whole Milk Powder, and Dairy Whitener), Whey Ingredients (Whey Protein Concentrates, Whey Protein Isolates, Sweetened Whey Powder, and Others), Protein Ingredients (Milk Protein Concentrates, Milk Protein Isolates, Casein & Caseinates, Milk Protein Hydrolysates, and Others), Lactose & Its Derivatives, and Others

Dairy Ingredients Market - Regional Analysis

The global dairy ingredients market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Asia Pacific is dominating the dairy ingredients market. Regulatory inclination towards promoting investments in food & beverage sectors of China and India is expected to improve the manufacturing capacity of baked goods and sports nutrition products. This trend is projected to remain a major driving factor for promoting the use of dairy ingredients.

Browse Full Report @ https://www.marketresearchfuture.com/reports/dairy-ingredients-market-1808

Rising expenditure of sports professionals and working population towards nutritional products in Germany, France, the UK, and Russia for improving muscular strength is expected to promote the usage of milk powder as functional ingredients in Europe.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.