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  4. > Dairy Alternative (Beverage) Market: By Type(Almond, Soy, Coconut, Others) By Formulation(Plain, Flavored, Sweetened & Non-Sweetened) By Channel(Super Markets, Health Food Stores, Others) By Shelf Life(Refrigerated & Shelf Life Stable)-Forecast(2015-2021)

Dairy Alternative (Beverage) Market: By Type(Almond, Soy, Coconut, Others) By Formulation(Plain, Flavored, Sweetened & Non-Sweetened) By Channel(Super Markets, Health Food Stores, Others) By Shelf Life(Refrigerated & Shelf Life Stable)-Forecast(2015-2021)

  • June 2015
  • -
  • Industry ARC
  • -
  • 160 pages

Summary

Table of Contents

Dairy alternative beverages are plant based milk which is extracted through grains, nuts and seeds. Unlike the regular dairy beverages they have low cholesterol and low fat content. Dairy intolerant, vegans and individuals with milk allergies primarily consume dairy alternative beverages. The global dairy alternative beverage market is categorized into various types of milk such as soy milk, almond milk, oat milk, coconut milk, rice milk. These are some of the widely used substitutes for milk. The dairy alternatives market is estimated to grow at a CAGR of 9.9% from 2016 to 2021. The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Asia-Pacific is the dominant market which held close to 60% of the overall market in 2015, whereas RoW encompassing South America, Middle East and Africa is forecast to be fastest growing market.

Dairy alternative beverages are distributed through supermarkets, health food stores, convenience stores, pharmacies and others. These products are available in several formulations including plain, flavored, sweetened and non-sweetened. Supermarket is the most preferred channel by the consumer as well as product provider in this market. The WhiteWave Foods Company (U.S.) and Blue Diamond Growers Inc. (U.S.) are the prominent players holding considerable share in the market. These companies have significant presence in the dairy alternatives (beverage) market with wide product mix and considerable brand image. However, the geographical reach of market players is limited to few regions. More consolidation is expected in the coming years as manufacturers focus on developing and launching products from emerging sources with new flavors and nutrient fortification.

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


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