new york, September 17, 2023 /PRNewswire/ — Dairy alternative market It is expected to grow in size to $18.49 billion According to Technavio, from 2022 to 2027. Furthermore, the market’s growth momentum will continue to increase in the future. CAGR 10.85% During the forecast period. Growth in the organized retail sector is particularly driving the dairy products market. However, factors such as distribution challenges in the packaged food and beverage sector may hinder market growth. The market is divided into distribution channels (supermarkets and hypermarkets, convenience stores, online retail, etc.), products (beverage-based dairy alternatives and food-based dairy alternatives), and geography (APAC, North America, Europe, south americaand middle east and Africa). Technavio offers a comprehensive report overview explaining market size and forecast along with research methodology. Free sample report available in PDF format
Key segment analysis
of Beverage-based Dairy Alternatives Segment Important during the forecast period. This segment consists of products based on non-dairy milks such as soy milk, almond milk, rice milk, oat milk, coconut milk, hemp milk and other plant-based milks. This includes products such as flavored milk, milkshakes, energy drinks, and fruit mixes. Its unique taste and flavor, as well as the large amount of minerals present in almond milk, have made along milk increasingly popular among consumers. Therefore, such factors will drive the growth of the beverage-based segment of the dairy products market during the forecast period. To know additional highlights and key points about different market segments and how they will impact in the coming years, View free PDF sample report.
Geographic market analysis
Asia Pacific I will contribute 36% Contributing to the growth of the global market during the forecast period. China, Australia, new zealand, South Korea, Japan, Indonesia, Philippinesand India is the main contributing country in the region. Products such as yogurt, cheese and almonds are also gaining popularity among consumers in the region. Danone SA, Kikkoman Corp., Vitasoy International, and Freedom Foods are some of the major companies in the region. Therefore, such factors will drive the growth of the regional dairy alternatives segment in APAC during the forecast period.
company insights
The dairy products market is fragmented and companies are deploying organic and inorganic growth strategies to compete in the market. This report analyzes the competitive landscape of the market and provides information on several market companies including:
Archer Daniels Midland Co., Blue Diamond Growers, Borges Agriculture and Industrial Nuts SA, Califia Farms LLC, Campbell Soup Co., Dohler GmbH, Earths Own Food Co. Inc., Eden Foods Inc., GreenSpace Brands Inc., JM Huber Corp. ., Living Harvest Foods, MALK Organics, Mariani Nut Co., Oatly Group AB, Otsuka Holdings Co., Ltd., PANOS Brands LLC, Sanitarium, SunOpta Inc., Tate and Lyle Plc, Vitasoy International Holdings Ltd.
Related reports:
of Dairy Alternative Plant Milk Beverage Market The market size is projected to increase by USD 10,586.05 million, and the market size is estimated to grow at a CAGR of 7.95% from 2022 to 2027.
of dairy market is estimated to grow at a CAGR of 2.73% from 2022 to 2027. The market size is projected to increase by US$ 114.46 billion.
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Dairy Alternatives Market Scope |
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Report scope |
detail |
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base year |
2022 |
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historical era |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum and CAGR |
Accelerating at a CAGR of 10.85% |
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Market Growth 2023-2027 |
$18.49 billion |
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market structure |
fragmented |
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YoY growth rate (%) for 2022-2023 |
9.77 |
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regional analysis |
APAC, North America, Europe, South America, Middle East and Africa |
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Contribute to the market |
Asia Pacific 36% |
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Major countries |
USA, China, Japan, Germany, UK |
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competitive environment |
Key vendors, vendor market position, competitive strategies, and industry risks |
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Introduction of major companies |
Archer Daniels Midland Co., Blue Diamond Growers, Borges Agriculture and Industrial Nuts SA, Califia Farms LLC, Campbell Soup Co., Dohler GmbH, Earths Own Food Co. Inc., Eden Foods Inc., GreenSpace Brands Inc., JM Huber Corp. ., Living Harvest Foods, MALK Organics, Mariani Nut Co., Oatly Group AB, Otsuka Holdings Co., Ltd., PANOS Brands LLC, Sanitarium, SunOpta Inc., Tate and Lyle Plc, and Vitasoy International Holdings Ltd. |
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Market trend |
Parent market analysis, market growth drivers and obstacles, fast growth segment analysis and slow growth segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, market situation analysis for the forecast period. |
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Scope of customization |
If the report doesn’t contain the data you’re looking for, you can contact an analyst to customize your segments. |
table of contents:
executive summary
market scenery
Understanding market size
Past market size
five forces analysis
Market segmentation by distribution channel
Market segmentation by product
Market segmentation by geography
customer situation
geographical landscape
Drivers, challenges and trends
Company scenery
Company analysis
appendix
About Technavio
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Source Technavio
