About Dairy-Free Spread
Dairy-Free Spreads are generally food products derived from Plant-based milk which can easily be spread or applied on bread slices or crackers. Dairy-Free spreads are highly preferred due to their high proteins, calcium, and taste factor. The processed dairy-free market has also witnessed increased innovation in recent years. This industry will see growth over the coming years due to increased dairy-free based diet consumption and production.
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The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Melt Organic (United States), Danone (France), Becel (Canada), Kerry Group plc (Ireland), Bute Island Foods (United Kingdom), Country Crock (Canada), biona organic (United Kingdom), Flora (United States), Vbites (United Kingdom), Earth Balance (United States), Nutrimento (Chile), Follow Your Heart (United States), Violife (Greek), Vitalite Dairy Free (United Kingdom) and I Canít Believe Itís Not Butter! (United States) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Dairy-Free Spread market by Type (Cheese, Butter, Cream and Others), Application (Bakery, Households, Confectionary Products, Restaurants and Others) and Region.
On the basis of geography, the market of Dairy-Free Spread has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Dairy-Free Spread market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Super Markets will boost the Dairy-Free Spread market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Introducing to New variety of Dairy-free Spreads is attracting a new generation and Growing Demand for Natural and Vegan Friendly Spreads
Market Growth Drivers:
Rise in Population and thus Increased Demand for Dairy-Free Products in General and Increased Investment in Processed Dairy-Free Products
Innovating in Spreads with New Flavors and New Products to Soothe Changing Taste Dynamics
Higher Import Duties and Trade Restrictions on Dairy-Free Products in Certain Countries
Increasing Innovation in Dairy-Free Spreads by the Key Players, Meeting the Increasing Demand for Dairy-Free Spreads Products and Growing New of Investor for Dairy-Free Spreads in India
Market Leaders and their expansionary development strategies
On 23rd Feb 2021, Danone has reached an agreement to acquire 100% of the shares of Earth Island, a plant-based foods company whose brands include Follow Your Heart, which is maybe best known for its vegan mayonnaise, Vegenaise. The transaction is subject to required regulatory approvals.
On 15th Feb 2022, Melt Organic, a leading plant-based food company specializing in vegan butters, is excited to announce the launch of its new product line of cheesy spreadables which will make their debut at the 2022 Fancy Foods Show. Cheesy Spreadables by Melt Organic, are the newest dairy-free, top eight allergen-free cream cheese spread and dip to hit the market packed with a protein punch that beats out its dairy rivals.
Key Target AudienceDairy-Free Spreads Producers, Suppliers, and Distributors, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.