The
drive for dairy-free products stems primarily from the rising demand
for dairy alternatives among a large lactose-intolerant population
across the world. The drive is accentuated by the growing popularity
of vegan diet owing to lifestyle choices or health concerns in
several parts of the globe.
The
wide assortment of dairy-free products available that are fortified
with nutrients has expanded the choice to consumers and is catalyzing
the growth of the dairy-free products market. Insights into such
trends and developments and their impact on the market trajectory
form the crux of a report by Transparency Market Research (TMR)
titled “Dairy-Free Products Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2017–2025”. The study
takes a closer look at recent technological advancements and
innovative product launches. Moreover, the study assesses the key
factors likely to influence the competing landscape in the coming
years.
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The
sizeable percentage of population being lactose intolerant in
numerous developing regions has propelled the demand for various
dairy alternatives in food preparation such as coconut milk, almond
milk, and soy milk to meet their nutritional requirements. The rising
health concern has impelled people in some developed countries to
shift to a vegan-based diet, which is favoring the demand for
dairy-free products. In this regard, environment protection
campaigns, prove to be a robust method for expanding the awareness
among people.
Millennials
with discerning taste and inclination toward veganism are proving to
emerge as potential target consumers for dairy-free products world
over. The expansive promotional and awareness programs in media has
widened the consumer base for dairy-free alternatives. The rising
wave of social awareness through internet is helping the demand for
dairy-free products rise attractively in developing regions.
On
the downside, the growing case of contamination of raw materials and
the incidence of cross-contamination across materials and equipment
has increased the risk of food-borne diseases, thereby hampering the
demand for dairy-free products. However, the market will benefit from
stringent implementation of food manufacturing practices, especially
in developing and develop countries. Furthermore, food companies are
actively brining out innovations in flavor and texture of dairy-free
products, thus creating lucrative avenues for growth during the
assessment period.
The
advent of organic dairy-free
products and their rising popularity among health-conscious
population with substantial discretionary spending is accentuating
the market. The trend is gathering steam among consumers in developed
nations.
Some
of the key regional segments in the global dairy-free products
include North America, Latin America, Europe, Asia Pacific and the
Middle East and Africa. Of these, Europe and North America are
expected to offer vast lucrative avenues for market players during
the assessment period, attributed to the substantial global share
these regions contribute in the consumption of these foods.
Developing
regions such as Latin America and Asia Pacific are offering
attractive opportunities for market players to capitalize on.
Some
of the prominent players operating in the global dairy-free products
market are Good Karma Foods, Oatly A.B, SunOpta, In, Blue Diamond
Growers, Inc., GraceKennedy Group, The Hein Celestial Group, and
Groupe Danone.
