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. Among applications, the beverages
segment dominated the global market in 2014.
Explore more about “Global
Dairy Alternatives Market” at: https://www.psmarketresearch.com/market-analysis/dairy-alternatives-market
Dairy
alternatives are products similar to dairy products, in terms of application;
however they are derived from non-dairy sources, such as rice, oats, wheat,
barley, and nuts. Being produced through cereals and nuts, they have positive
image among consumers. The increasing obesity and gastrointestinal diseases is
also emerging as potential drivers for the growth of the global dairy
alternatives market. Based on various clinical research, over 80% of the global
population suffer from gas, painful bloating, and diarrhea upon consumption of
dairy products, due to lack the essential enzyme in their body that are
required to breakdown the milk sugars. Moreover, the fats present in dairy
products clogs arteries, thus leading to heart disease. On the other hand, the
dairy alternatives, such as soy milk offer protective health benefits, owing to
phytoestrogen content in them. Hemp milk is one of the best sources of Omega-3
fats, whereas almond milk is a good source of calcium.
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. Soy and almond milk are the most preferred milk alternatives in the
U.S. Rice milk is most consumed among cereal-based milk in the country. 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.
