Dairy Alternative Market Size 2021 Industry Share, Global Trend, In-Depth Manufacturers Analysis, Development Growth, Upcoming Demand, Regional Outlook till 2030

In a recent published report, Kenneth Research has updated the market report for Dairy Alternative Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dairy Alternative Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Dairy Alternative Market was valued at USD 7.08 Billion for the year 2017. Dairy Alternative Market is further expected to grow at a CAGR of 11.16% from 2018 to reach USD 13.36 Billion by the year 2025. Asia Pacific region holds the major Market share whereas North America region is considered as the fastest growing Market in the forecasted period. Developed countries such as China, U.S. and other developing countries in the Asia Pacific region are further anticipated to grow at a steady pace in the next 5 years.

Major players in Dairy Alternative Market are Whitewave Foods, Blue Diamond Growers, SunOpta Inc., The Hain Celestial Group Inc., Freedom Foods, Nutriops SL., Döhler GmbH and other 13 companies information is provided in research report. Better global reach, both at production and at an operational level is the main reason for holding this highest Market share. New product launches and growing research and development expenditures to address changing demand of end users in recent years are driving this Market. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive Market opportunities for the various stakeholder in the value chain.

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SWOT Analysis of Dairy Alternative Market
Strength

Growing cases of lactose intolerance amongst end user
Rising health consciousness has increased demand for the vegan diet

Weakness
Comparatively high price for Alternative milk types
Varying nutrient content compared to dairy milk

Opportunities
Changing lifestyle in the untapped emerging Market pose an opportunity for producers
Consumers are showing interest in the hybrid beverages, that offer functional benefits such as bone health, high protein, energy or relaxation at a retail level

Threats
Removing the additional sugar content to enhance flavors & textures
Economical and uninterrupted Raw material supply for production

The soy milk segment is expected to hold the maximum Market share during the forecasted period. With the increasing popularity and easy availability of the soy milk demand for dairy alternative applications are gaining highest Market share. Almond milk is widely popular in North America region with ~80% of production in the region.

Dairy Alternative Market Overview By Application
Food
Beverages

By Formulation
Flavored
Sweet
Unsweetened
Non-Flavored
Sweet
Unsweetened

Dairy Alternative Market Overview By Type
Soy Milk
Almond Milk
Rice Milk
Hemp Milk

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Dairy Alternative Market Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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