DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Dairy Alternatives Market by Type (Soy, Almond, Coconut, Rice, Oat, Hemp), Formulation (Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened), Application (Food, Beverages), and Region - Global Forecast to 2022" report to their offering.
The Global Dairy Alternatives Market Was Valued at USD 7.37 Billion in 2016 And is Projected to Reach USD 14.36 Billion By 2022, Growing at a CAGR of 11.7%
This market is driven by the increasing health consciousness among consumers, growing lactose intolerance, and inclination toward a vegan diet. Price sensitivity of raw material in manufacturing dairy-free food products has been considered as the restraining factors for the market.
One of the major drivers for the growth of the coconut milk segment is attributed to its increased application areas ranging from confectionery, snacks, and yogurt to frozen dessert. Commercially, newer varieties of coconut milk in the form of coconut milk powder are being introduced, which further supports its growth in the dairy alternatives market. Also, it is a good source of energy and provides nutrients such as minerals, vitamins, and electrolytes.
One of the drivers for the growth of the flavored & unsweetened segment is the growing health concerns among consumers. Flavored & unsweetened dairy alternatives are increasingly becoming popular, owing to the rise in health consciousness among consumers who refuse the usage of added artificial or natural sweeteners in their products. Also, factors such as the changing lifestyles, rising health consciousness, and changing eating habits are driving the growth of the flavored & unsweetened segment.
North America is projected be the fastest-growing region for dairy alternatives during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Dairy Alternatives Market, By Formulation
7 Dairy Alternatives Market, By Type
8 Dairy Alternatives Market, By Application
9 Dairy Alternatives Market, By Nutritive Component
10 Dairy Alternatives Market, By Region
11 Competitive Landscape
12 Company Profiles
- Blue Diamond Growers
- Califa Farms (U.S.)
- Döhler Gmbh
- Earth's Own Food Company Inc.
- Eden Foods Inc.
- Freedom Foods Group Limited
- Granlatte Società Cooperativa Agricola Arl (Italy)
- Green Spot Co. Ltd (Thailand)
- Healthy Brands Collective Corporation (U.S.)
- Hiland Dairy Foods Company Llc (U.S.)
- Koko Dairy Free (U.K.)
- Lactasoy Co. Ltd. (Thiland)
- Nutriops S.L
- Oatly Ab (Sweden)
- Organic Valley Cropp Cooperative (U.S.)
- Pacific Foods of Oregon Inc (U.S.)
- Pureharvest (Australia)
- Sanitarium Health And Wellbeing Company
- Sunopta Inc.
- The Bridge S.R.L (Italy)
- The Hain Celestial Group Inc (U.S.)
- The Whitewave Foods Company (U.S.)
- Triballat Noyal
- Valsoia S.P.A.
- Vietnam Dairy Products Joint Stock Company (Vietnam)
- Zensoy (U.S.)
For more information about this report visit https://www.researchandmarkets.com/research/m9m822/dairy