Global Dairy Alternatives Market to Reach Valuation of Whopping US$ 34.6 Bn by 2029: Transparency Market Research

"Growing numbers of beverages companies weaning on dairy products have climbed onto the dairy alternatives bandwagon by replacing dairy with plant-based ingredients. Market players are unlocking the value of environmental sustainability by adopting sustainable crop cultivation techniques in making the shift," asserts TMR. "Growing numbers of beverages companies weaning on dairy products have climbed onto the dairy alternatives bandwagon by replacing dairy with plant-based ingredients...
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"Growing numbers of beverages companies weaning on dairy products have climbed onto the dairy alternatives bandwagon by replacing dairy with plant-based ingredients. Market players are unlocking the value of environmental sustainability by adopting sustainable crop cultivation techniques in making the shift," asserts TMR.

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Key Findings of Dairy Alternatives Market Study

Explore 280 pages of top-notch research, granular assessment, and evidence-based insights along with country-level projections. Gain business intelligence on dairy alternatives market by Source: Soy, Almonds, Rice, Coconut, Oats, Others; Product: Flavored, Regular/Unflavored; Nature: Organic, Conventional; Sales Channel: Direct (B2B), Indirect (B2C) (Hypermarkets/Supermarkets, Convenience Stores, Mass Grocery Retailers, Specialty Stores, Online Retail)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2029

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Dairy Alternatives Market: Key Driving Factors

According to the TMR's study on the dairy alternatives market, the consumer demand curves are increasingly driven by the expanding array of plant-based options for lactose intolerant populations. Companies are also leaning on adopting environmentally friendly packaging for popular categories in dairy alternatives market. In addition, they are spending sizably in research and development activities for improving the nutritional profile of soy and almond milk products, mainly through food fortification. They are focusing on novel packaging; an example is microwaveable aseptic carton packs, to enhance the shelf-life of dairy alternatives. The analysts observe that the following are key trends shaping the consumer demand curves in various regions:

Major Challenges for Aspiring Dairy Alternatives Market Players

Though beverages and milk made from soy, oats, and almonds continue to disrupt the dairy industry, several concerns tend to belittle the hype surrounding dairy alternatives. Few insights that interest market participants are:

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Dairy Alternatives Market: Region-wise Analysis

Analyze dairy alternatives market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, and ASEAN. Request a sample of the study.

Competition Landscape

Food companies are replacing animal-based ingredients with plant-based ones in several of their products. Several of them are focusing on expanding the options of dairy alternatives in yogurts and ice-creams in high-growth geographies. Recently, a prominent U.S.-based coffee house Starbucks Corporation acknowledging that the dairy products contribute a major parts of its carbon footprint has decided to include plant-based ingredients. Numerous players are leaning on consolidating their distribution and supply chains to strengthen the penetration of dairy alternatives. They are also partnering with packaging providers to target the convenience of consumers. 

Global Dairy Alternatives Market to Reach Valuation of Whopping US$ 34.6 Bn by 2029: Transparency Market Research

Names of well-entrenched players in the dairy alternatives market include Nutriops S.L., Sanitarium Health And Wellbeing Company, Califia Farms, Daiya Foods Inc., Blue Diamond Growers, Organic Valley, and Dohler.

The dairy alternatives market is segmented based on:

Explore Transparency Market Research's award-winning coverage of the global Food & Beverages industry,

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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