The global dairy alternatives market is segmented on the basis of type and application. Based on type the global dairy alternatives market is further segmented into soya, almond, rice, coconut, and others. among these, soya milk is estimated to have considerable market share in the global dairy alternatives market due to presence of several mineral constituents in it. Further, the rice milk is projected to have significant market growth due to an increasing trend towards rice milk in food and beverages application. On the basis of application, the global dairy alternatives market is classified into food and beverages. The beverages segment is projected to have a significant market share in the global dairy alternatives market due to the rising demand for vegan diet due to concerns regarding animal rights and others.
Moreover, the global dairy alternatives market is further classified based on geography including North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific has a significant market share in the global dairy alternatives market due to rising population coupled with increasing disposable income in emerging economies such as China, India, and others. Moreover, North America has considerable market share in the global dairy alternatives market owing to the rising adoption of non-dairy products such as soya milk, and almond milk coupled with growing cases of lactose intolerance.
Some of the players that contribute to the growth of the global dairy alternatives market include Archer Daniels Midland Co., Cargill, Inc., Danone S.A., Freedom Foods Group Ltd., SunOpta Inc., The Hain Celestial Group, Inc., Valsoia SpA, Vitasoy International Holdings Ltd., Daiya Foods Inc., Nutriops, S.L.,and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, and partnerships and collaborations for gaining a strong position in the market. For Instance, in April 2017, the Danone S.A. acquired WhiteWave Foods intended to expand sales of its plant-based products. This further aided company in obtaining a sustainable position in the dairy alternatives market.
Research Methodology:
The market study of the global dairy alternatives market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalogue
The report is intended for companies producing, distributing, and supplying dairy alternatives, and food and beverage industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global dairy alternatives Market Research and Analysis, By Type
- Global dairy alternatives Market Research and Analysis, By Application
The report covers:
- Comprehensive research methodology of the global dairy alternatives market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global dairy alternatives market.
- Insights about market determinants which are stimulating the global dairy alternatives market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
