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Dairy Alternatives Market Worth $36.7 Billion by 2025 - Exclusive Report by MarketsandMarkets™
The dairy alternatives market has been segmented, on the basis of source, into soy, almond, coconut, rice, oat, hemp and others (cashew and hazelnut). The market for almond-based products witnesses a significant demand in the dairy alternatives market due to the various benefits they offer. These benefits include high nutritional content, easy availability of raw materials, and increased popularity of consumption. Almond-based dairy alternatives are also beneficial for calorie-conscious individuals, as it is free from cholesterol and saturated fats and are available in varieties ranging from plain sweetened, plain unsweetened, and flavored-sweetened to flavored unsweetened.
Dairy Alternatives Market
The dairy alternatives market has been segmented, on the basis of application, into milk, ice creams, yogurt, cheese, creamers, and others. Yogurt is the fastest-growing segment for dairy alternatives. With the rise in awareness among consumers and the demand for new varieties and alternatives, the market for dairy-free yogurts is expected to grow. The growing market for dairy-free yogurts is opening up new opportunities for applications in the dairy alternatives market. Dairy yogurt alternatives available in the market are cholesterol-free, are fortified with calcium and vitamin D, and function as a healthy replacement for dairy yogurts for vegans and lactose-intolerant consumers.
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Asia Pacific is estimated to account for the largest share of the market in 2020. The market in the region is driven by higher economic power among consumers and increase in the consumption of soymilk, which is cheap and abundant in this region. Food manufacturers have been launching varied soymilk forms to meet the increasing consumer demand for healthy beverages and pasteurized soymilk as dairy alternatives and provide unique flavors of soy drinks.
Furthermore, with busy lifestyles and increase in disposable incomes, the demand for fortified nutritional food & beverage products is growing in the region. The application of dairy alternatives is estimated to grow faster due to consumer demand.
Major vendors in the dairy alternatives market include The WhiteWave Food Company (US), Hain Celestial (US),Blue Diamond Growers (US), SunOpta ( Canada ), Sanitarium ( Australia ), Freedom Foods Group Limited ( Australia ),Eden Foods, Inc. (US),Ecomil ( Spain ),Earths Own Food Company ( Canada ),Triballat Noyal ( France ), Valsoia S.p.A ( Italy ), Dohler ( Germany ), Hiland Dairy (US) and Panos Brands (US).
by Type (Proteins, Milk Powder, Milk Fat Concentrate, Lactose & Its Derivatives), Application (Infant Formulas, Sports Nutrition, Dairy Products), Livestock, Form, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/dairy-ingredients-market-974.html
by Type (Soy Protein Concentrates, Soy Protein Isolates, and Soy Flours), Application (Bakery & Confectionery, Meat Alternatives, Functional Foods, Dairy Replacements, Infant Foods, and Feed), and Region - Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/soy-protein-ingredients-market-857.html
F & B Ingredients Market Research Reports & Consulting
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