Dairy Alternatives Market Segmentation Analysis and Key Growth Opportunities to 2023

The global dairy alternatives market is fueled by increasing consumers’ preference towards vegan food, growing instances of lactose intolerant consumers, and nutritional benefits provided by such foods. The increasing urbanization leading to change in lifestyle is further driving the growth of the global dairy alternatives market. On the basis of formulation, the plain-unsweetened segment dominated the global market in 2014.

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North America and Europe leads the global dairy alternatives market globally, however Asia-Pacific is expected to witness fastest growth among the regions, during the forecast period. The major markets in Europe are France, Italy, Germany, the U.K., and Spain. The key markets in Asia-Pacific are China, Japan, Australia, and New Zealand. The increasing population and urbanization in Asia-Pacific are the key growth drivers for dairy alternatives market in the region.

The key competitors in the global dairy alternatives market include Archer Daniels Midland Company, WhiteWave Foods Company, Sanitarium Health and Wellbeing, Hain Celestial Group, Freedom Nutritional Products Group, SunOpta Inc., Nutriops S.L., Eden Foods Inc. and Earth’s Own Food Company Inc.

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Global Dairy Alternatives Market Segmentation

By Type

• Soy Milk
• Almond Milk
• Rice Milk
• Others

By Formulation

• Plain-Sweetened
• Plain-Unsweetened
• Flavored-Sweetened
• Others

By Application

• Food
• Beverages

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.