Dairy
alternative beverages are commonly referred as plant based milk that
is processed through seeds, cereals and nuts.. These are low on
cholesterol and have low fat content. Dairy alternative beverages are
mainly consumed by dairy or lactose intolerant, vegans and consumers
with milk allergies. The dairy alternative market is widely
distributed through a series of distribution channels such as
supermarkets, online stores, convenience stores, pharmacies and
health food stores.
One
of the major factors driving this market is the increasing health
awareness among the consumers. Consumers, who are extremely conscious
about their health, prefer dairy alternatives as their choice of
beverage. Shift in the consumer base towards vegan diet and vegan
lifestyle due to several factors such as environment protection and
animal rights is also driving the demand for dairy alternative
products globally. In addition, increasing disposable income of the
consumers is another factor driving the dairy alternatives market
globally.
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Cross-contamination
of raw materials is one of the major factors restraining the growth
of the
global
dairy alternatives market. Cross contamination is a process by which
bacteria or any other kind of microorganisms is transferred from one
substance to another and the resultant being extremely harmful. In
addition, high price of dairy alternative beverages is another factor
restraining the global dairy alternative market as consumers might
not resort to such products due to pricing issues.
Lactose
intolerance and dairy allergies is expected to serve as a potential
opportunity to the dairy alternative market globally. The global
dairy alternative market has been segmented in terms of product types
into almond milk, oat milk, rice milk, hemp milk, soya milk and
hazelnut milk. Soya milk is considered to be the largest contributor
in terms of market share in the global dairy alternatives market. The
demand for almond milk is also growing significantly. This is due to
the several health benefits that are attached with almond milk such
as the high content of calcium and vitamin.
Read
More Reports on Food
& Beverages
Markets:
The
global dairy alternative market has been segmented into North
America, Europe, Asia-Pacific and Rest of the World in terms of
geographic segmentation. Asia Pacific is the largest market for dairy
alternatives. Factors such as increasing health awareness among the
consumers, increasing population and rise in the disposable income of
the consumers are boosting the demand for dairy alternatives in Asia
Pacific. North America is the second largest market for dairy
alternatives after Asia-Pacific. Europe holds the third position in
terms of market share after Asia Pacific and North America in the
global dairy alternatives market. North America and Europe are
considered to be growing markets of dairy alternative beverages.
Earth’s
Own Food Company Inc., Eden Foods Inc., Organic Valley Family of
Farms, Grupo Le Pascual Sa, Living Harvest Foods Inc., Panos Brands
LLC, The Hein Celestial Group Inc., The Whitewave Foods Company,
Sunopta Inc.,The Bridge S.R.L., OATLY A.B., Blue Diamond Growers
Inc., are some of the major players operating in the global dairy
alternative market.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North
America
Asia
Pacific
Europe
Middle
East and Africa
Latin
America
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report provides comprehensive analysis of
Market
growth drivers
Factors
limiting market growth
Current
market trends
Market
structure
Market
projections for upcoming years
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