Global Dairy Substitutes Market Overview:
Dairy alternatives are food and beverages which might be used as a substitute for the farm. This food and beverages are derived from plants and are considered a real health substitute to dairy products. Soy milk, rice milk, and almond milk are among the foremost standard selection for dairy substitutes worldwide. Dairy farm alternatives are considered healthy due to the presence of a variety of essential vitamins and minerals. They are additionally low on fats, cholesterol and have zero concentration of milk sugar.
- Increase in Demand for the Dairy Substitutes due to Adaptation of Vegan Diet
- The rise in Lactose Intolerance Population and Milk Allergies
- Allergies Associated with Plant-Based Sources like Soy and Almonds
- Rising Demand for Organic Diet Supplements and Foods
- Increasing Demand for Functional Foods in Fitness and Gymnasium Industry
- Fluctuating Prices of Raw Material
Some of the key players profiled in the report are Living Harvest Foods (United States), Panos Brands (United States), Valsoia S.p.A (Italy), Danone (France), Earth’s Own Food Company (Canada), Kite Hill (United States), Blue Diamond Growers (United States), Freedom Foods Group (Australia), SunOpta (Canada) and Sanitarium Health and Wellbeing Company (Australia). Additionally, following companies can also be profiled that are part of our coverage like Melt Organic (United States), The Hain Celestial (United States), Oatly (Sweden), Triballat Noyal (France) and Ripple Foods (United States). Considering Market by Packaging, the sub-segment i.e. Bottles will boost the Dairy Substitutes market. Considering Market by Product, the sub-segment i.e. Milk will boost the Dairy Substitutes market. Considering Market by Source, the sub-segment i.e. Soy will boost the Dairy Substitutes market.
Latest Market Insights:
In 2021, Multinational food giant Danone acquired Earth Island, the maker of legacy plant-based brand Follow Your Heart. This acquisition will complement Danone’s product portfolio with vegan-friendly vegenaise, cheese, dips, salad dressings, yogurt and eggs, and dairy-free products and alternatives.
In 2020, Melt Organic launched Butter Sticks Unsalted. The product is manufactured from a perfect blend of fruit- and plant-based oils featuring certified organic, non-GMO coconut oil.
What Can be Explored with the Dairy Substitutes Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dairy Substitutes Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dairy Substitutes
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy Substitutes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dairy Substitutes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Dairy Substitutes Manufacturers, Distributor/Supplier, Raw Material Provider, Research Institutes, End-User Industry and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Dairy Substitutes Market?
The Dairy Substitutes market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Dairy Substitutes Market?
Top performing companies in the Global Dairy Substitutes market are Living Harvest Foods (United States), Panos Brands (United States), Valsoia S.p.A (Italy), Danone (France), Earth’s Own Food Company (Canada), Kite Hill (United States), Blue Diamond Growers (United States), Freedom Foods Group (Australia), SunOpta (Canada) and Sanitarium Health and Wellbeing Company (Australia), to name a few.
3. What trending factors would impact Dairy Substitutes Market growth most?
"Product Development for the Addition of Flavours and Additives for longer Shelf Life
" is seen as one of major influencing trends for Dairy Substitutes Market during projected period 2020-2026.