This report describes and assesses the global dairy alternatives market. It covers three five-year periods including 2015 to -2020, called historical period, forecast period 2020-2025 and 2025-2030 another forecast period.
LONDON, Oct. 28, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the dairy alternatives market, the various temperature-controlled transportation improvements are expected to act as a driver for the dairy alternatives market in the forecast period. Temperature-controlled transportation options give modern businesses the flexibility and confidence to develop global supply chains for temperature-sensitive perishable products such as dairy alternatives. Improving cold chains through automation, information tracking, predictive analytics and more allows schedule-changing companies to move their products around the world without the risk of spoilage or damage. damage, which allows companies to increase their geographic footprint and reach more consumers, thus stimulating the market.
Global Dairy Alternatives Market Size Expected To Grow from $ 18.95 billion in 2020 to $ 19.71 billion in 2021 at a compound annual growth rate (CAGR) of 4%. The growth is primarily driven by businesses resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 27.92 billion in 2025 To 9% CAGR.
The Business Research Company report titled Dairy Alternatives Global Market Report 2021 – By Product Type (Non-Dairy Milk, Butter, Cheese, Yogurt, Ice Cream, Others), By Source (Almond, Soy, Oat, Hemp, Coconut , rice, others), by distribution channel (supermarkets, health food stores, pharmacies, convenience stores, online stores, others), COVID-19 Growth And Change covers major dairy alternatives companies, market share of Dairy Alternatives by Company, Dairy Alternatives manufacturers, Dairy Alternatives market size, and Dairy Alternatives market forecast. The report also covers the global dairy alternatives market and its segments.
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Asia Pacific is the larger region in the dairy alternatives market, representing 34.6% of the total in 2020. It was followed by North America, then the other regions. In the future, the fastest growing regions in the dairy alternatives market will be the Middle East and Africa where growth will be at CAGR of 12.1% and 10.6% respectively. These will be followed by Asia Pacific and North America, where the markets are expected to grow at CAGRs of 9.2% and 9.0% respectively.
The world market for dairy alternatives is highly concentrated, with a few large players. Market players are focused on creating products enriched with a greater amount of nutrients, experimenting with taste, creating attractive packaging, and introducing proactive advertising and marketing strategies. The the ten best competitors on the market composed of 78.14% of the total market in 2020. Danone SA was the largest competitor with more than half of the market share, followed by Blue Diamond Growers, The Hain Celestial Group, Inc., Oatly Group AB, Vitasoy International Holdings, SunOpta Inc., Unilever PLC, Freedom Foods Group Limited, Nestlé SA and Daiya Foods Inc.
The dairy alternatives market is segmented by product type in non-dairy milk, butter, cheese, yogurts, ice cream and others. The non-dairy milk market was the largest segment of the dairy alternatives market segmented by product type, representing 62.8% of the total in 2020. Going forward, yoghurt market should be the fastest growing segment in the dairy alternatives market segmented by product type, at a 10.2% CAGR in 2020-2025.
The dairy alternatives market is segmented by segmented by provenance in almonds, soybeans, hemp, coconut, rice and other sources. The soy market was the largest segment of the dairy alternatives market segmented by source, representing 51.4% of the total in 2020. Going forward, the Oats Marlet should be the fastest growing segment in the dairy alternatives market segmented by origin, at a 8.9% CAGR in 2020-2025.
The dairy alternatives market is also segmented by distribution channel in supermarkets, health food stores, drugstores, convenience stores, online stores and other distribution channels.
Global Dairy Alternatives Market Report 2021 – Growth and Change COVID-19 is part of a series of new reports from The Business Research Company that provide overviews of the Dairy Alternatives market, analyze the Dairy Alternatives market and forecast the size and market growth for the entire market, dairy alternatives market segments and geographies, dairy alternatives market trends, dairy alternatives market drivers, dairy alternatives market constraints, revenues, profiles and market shares of the main competitors in the dairy alternatives market in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
here is A List of similar reports from the commercial research company:
Global Lactose Free Food Market Report 2021 – By Type (Lactose Free, Lactose Reduced Products), By Application (Milk, Cheese, Yogurt, Ice Cream, Non-Dairy), By Distribution Channel (Supermarkets / hypermarkets, online stores), by source (rice, almond, soybeans, hemp milks, coconut), by technology (chromatographic separation, acid hydrolysis, membrane reactor), growth and change COVID-19
Global Vegan Food Market Report 2021 – By Product Substitute (Dairy Alternative, Meat Substitute), By Distribution Channel (Online, Offline), By Source (Wheat, Soy, Oat, Almond), Growth and evolution of COVID-19
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