MARKET INTRODUCTION
Dairy alternative ingredients are plant-based ingredients used for manufacturing dairy products. Almond, Coconut, Rice, Soy, Oats, are used to derive dairy alternative ingredients. These plant-based ingredients reduce the danger of coronary illness, stoutness, diabetics, and provide several health advantages. Consumer changing dietary patterns and the growing preference for sustainable, organic, and plant-based foods has driven the demand for dairy alternative ingredients in recent years.
MARKET DYNAMICS
Rising awareness among consumers about the benefits offered by dairy alternative ingredients is one of the major factors driving the growth of the global market. These ingredients provide better nutritional benefits in comparison to conventional dairy products such as milk, butter, and cheese, pushing more customers to shift to dairy alternatives. They contain fewer calories than low-fat milk. Protein, calcium, nutrient, vitamins, and other minerals content in these dairy alternatives is more than that of milk. This fact has raised the consumption of dairy products among the consumer. The growing trend of vegan culture, which involves complete elimination of dairy products in everyday meals, is also expected to be the major driving factor of the market. Although dairy alternative ingredients are gaining immense popularity among health-conscious consumers, the relatively lower level of protein present in these dairy alternatives is likely to impact the overall consumption of the product. Another challenge faced by dairy alternative ingredients providers is the tedious process of legal and regulatory inspection. However, companies serving the dairy alternative ingredients market are centering their focus on flavored formulations to entice consumers, particularly the younger generation, which is expected to open new avenues for dairy alternative ingredients market.
MARKET SCOPE
The "Global Dairy Alternative Ingredients Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dairy alternative ingredients market with detailed market segmentation by source, application, nature and geography. The global dairy alternative ingredients market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dairy alternative ingredients market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global dairy alternative ingredients market is segmented on the basis source, application and nature. On the basis of source, the dairy alternative ingredients market is segmented into almond, coconut, rice, soy, oats and others. By application the dairy alternative ingredients market is segmented into milk, cheese, yogurt, and others. On the basis of nature, the market is bifurcated into organic and conventional.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global dairy alternative ingredients market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The dairy alternative ingredients market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the dairy alternative ingredients market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dairy alternative ingredients market in these regions.
MARKET PLAYERS
The reports cover key developments in the dairy alternative ingredients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from dairy alternative ingredients market are anticipated to lucrative growth opportunities in the future with the rising demand for dairy alternative ingredients in the global market. Below mentioned is the list of few companies engaged in the dairy alternative ingredients market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dairy alternative ingredients market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Groupe Danone
- Pacific Foods of Oregon, Inc.
- The Hain Celestial Group Inc.
- Freedom Foods Group Ltd.
- Sunopta Inc.
- Alpina Foods
- D?hler GmbH
- Australia's Own Organic
- Tate and Lyle
- Archer Daniels Midland Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.