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Global Dairy Alternatives Market to Reach Valuation of Whopping US$ 34.6 Bn by 2029: Transparency Market Research
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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:
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:
https://www.transparencymarketresearch.com/report-toc/18290
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.
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.
Revenue generated from the edible ink and accessories market has been estimated to be valued at ~US$ 23 Mn in 2019, which is projected to expand at a CAGR of ~7%, to reach US$ 45 Mn by 2029.
Regional and local players in the texturized vegetable protein market are expected to collaborate with local farmers to secure supply of high-quality grains. This trend is likely to boost sales of cereal bars and snack drinks, owing to exceptional multi-sensory properties of premium-quality grains.
Manufacturers in the organic shrimp market, focusing on enhancing the quality of packaging to improve the shelf life and protect the integrity of shrimp, are likely to witness profitable gains and strengthen their foothold in the market.
Revenue generated from the global organic pea protein market has been estimated to be valued ~US$ 45 Mn in 2019, which is projected to increase at a CAGR of ~8%, to reach ~US$ 96 Mn by the end of 2029.
Manufacturers in dehydrated potato products market, focusing on improving product quality for application in food processing, bakery products, soups and salads, and more, are likely to experience the most gains over the forecast period.
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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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