Cholesterol-free & Fat-Free Properties to Boost the Demand of Plant-based Dairy Products Across the

It is expected that the size of the Global Plant-based Dairy Market will grow at a CAGR of around 9.1% from 2024 to 2030. The growth of the industry is accredited to the increasing lactose intolerance among individuals.

Moreover, the rise in several lifestyle-related diseases including diabetes, heart disease, obesity, etc., has reached epidermic proportions in several parts of the world. Moreover, a notable portion of the world population is suffering from one or another disease, encouraging consumers to adopt a healthier lifestyle. Owing to such increasing concerns, consumers are seeking food options that contain less amount of saturated fats and offer more nutrition to maintain a healthy as well as a balanced lifestyle.

As plant-based dairy products contain low saturated fats and provide cholesterol-free properties resulting to their higher consumption which is anticipated to propel the growth of the Plant-based Dairy Market in the forecast period.

Surging Product Innovation & New Product Launches Fuels the Global Plant-Based Dairy Market Growth

As customers become more health-conscious and environmentally aware, the demand for plant-based dairy products has increased. Also, there is a rising need for certain claims, like allergen-free, non-GMO, organic, and clean labels, etc., by consumers catering to their certain requirements.

Moreover, plant-based dairy companies are constantly innovating to improve the texture as well as the taste of their products, making them more attractive to customers. This innovation has led to a wide range of products such as cheese, milk, ice cream, and yogurt. Thus, the increasing production innovation by producers is serving as a major trend to serve the rising demand for several plant-based dairy products in the global market, further elevating the share of the plant-based dairy industry.

The B2B Segment Leads the Global Plant-based Dairy Industry by Acquiring a Prominent Share of the Industry

Based on End-users, the Global Plant-based Dairy Market is divided into three main segments including-

• B2B
• Retail Users
• Food Service

Out of them, the B2B segment occupies a prominent share of the Global Plant-based Dairy Industry, owing to the rising demand for plant-based products from the bakery & confectionery industry. Moreover, with the rise in lactose intolerance and health awareness, consumers are searching for bakery and confectionery items with plant-based & vegan label options. This surge in the demand for plant-based bakery & confectionary products is leading to the higher consumption of plant-based dairy products in the B2B sector, proliferating its growth in the upcoming years.

Dominating Market Participants in the Global Plant-based Dairy Product Industry

As per the latest report by MarkNel Advisors on the Global Plant-based Dairy Product Market, the top players in the industry include –

• Danone, Groupe
• Hebei Yangyuan Zhihui Beverage Co Ltd
• Cereal Base CEBA AB
• Coconut Palm Group Co Ltd
• Blue Diamond Growers
• Vitasoy International Holdings Ltd
• Wanxiang Sannong Co Ltd
• The Coca-Cola Co.
• Fujian Dali Food Co Ltd
• Kikkoman Corp
• Lactasoy Co Ltd
• Califia Farms LP
• Green Spot Co Ltd
• Dr Chung's Food Co Ltd
• Marusanai Co Ltd

Notable Development in the Global Dairy Plant-based Dairy Industry

• In 2023, Blue Diamond Growers, launched Almond Breeze Extra Creamy Almond milk with 80 calories per serving and has low saturated fats with high vitamin D and E content.

North America is Estimated to Acquire a Dominating Share in the Plant-based Dairy Market

Globally, the Plant-based dairy market extends across:

• Asia-Pacific
• North America
• South America
• Europe
• The Middle East & Africa

Among all these regions, the North-America is estimated to hold a notable share in the plant-based dairy industry in the future, owing to the rising number of lactose-intolerant population combined with the increasing health awareness among individuals. There is a notable amount of people who suffer from lactose intolerance, and lactose malabsorption in the United States.

The health issues and discomfort by milk consumption have enabled consumers to switch to organic plant-based dairy alternative products in the region. Hence, a rapid increase in lactose intolerant population across the regional countries is estimated to augment the North America Plant-based Dairy Market Growth.

Jack Daniel Email: sales@marknteladvisors.com Phone: +1 628 895 8081 +91 120 4268433.