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Dairy Alternatives Market by Type, Formulation, Application And Region - Global Forecast to 2022

Dairy Alternatives Market: Global Forecast until 2022

  • June 2017
  • 159 pages
  • ID: 5226977
In this report:
According to Food Navigator, in 2013, ##% people in Italy agreed that they always read the label to check the ingredients of the products they bought, while ##% of the U.S. population did the same.
It is expected to grow at a CAGR of ##.##% between 2017 and 2022 to reach USD ##,##.## million by 2022.
According to the African Development Bank Group, in 2013, Africa maintained an average growth rate of about ##%, displaying the recent macroeconomic developments and their impact on the African economy.

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The dairy alternatives market is estimated to rise at a compound annual growth rate of 11.70 percent

The overall dairy alternatives market was estimated at ~$7.4B in 2016 and is projected to extend ~$14.4B by 2022, increasing at a compound annual growth rate (CAGR) of 11.70 percent. This sector is influenced by the growing health consciousness among consumers, increasing 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 industry

In terms of type, coconut milk is intended to be the quickest-growing segment during the outlook period

One of the main drivers for the increase ot 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 development in the dairy alternatives market. Also, it is a good source of energy and offers nutrients including minerals, vitamins, and electrolytes

Flavored & unsweetened is forecasted to be the quickest-rising formulation for dairy alternatives during the estimate period

One of the drivers for the increase ot the flavored & unsweetened segment is the increasing health concerns among consumers. Flavored & unsweetened dairy alternatives are increasingly becoming popular, due to the increase in health consciousness among consumers who refuse the use of added artificial or natural sweeteners in their products. Also, Elements such as the changing lifestyles, growing health consciousness, and changing eating habits are driving the increase of the flavored & unsweetened segment

North America (NA) is projected be the quickest-increasing area for dairy alternatives during the outlook period

The North American dairy alternatives market is led by wide applications in food & beverage products, together with their health benefits. Increasing health consciousness among consumers and the increasing number of cases of lactose intolerance & milk allergies are fueling the sector for dairy alternatives in this area. According to the National Dairy Council, in 2011, about 25.0 percent of the U.S. population and 75.0 percent of the world's population have low lactase levels or are lactose maldigesters.

Break-up of Primaries:

• By Company category - Tier 1 35.0 percent, Tier 2 45.0 percent, Tier 3 20.0 percent

• By Description - C level- 25.0 percent, Directors- 30.0 percent, Others*- 45.0 percent

• By Area - North America (NA)- 20.0 percent, EU- 25.0 percent, Asia-pac- 45%, RoW- 10.0 percent

*Others contain sales managers, marketing managers, and product managers.

Key players decribed in this business report are like follows:

• Whitewave Foods

• The Hain Celestial Group, Incorporated

Scope of the Report:

The dairy alternatives market has been split on the basis of type, formulation, and application which are further divided into their subsegments. It has also been broken down on the basis of area into North America continent, Europe (EU), Asia Pacific (APAC), and the Rest of the globe. In terms of insights, this market research has emphasized several levels of analyses - industry, company profiles of top actors, which together comprise and examine the basic overviews on the competitive landscape, emerging & high-growth segments of the dairy alternatives market, high-growth areas, territories, drivers, market restraints, and alternatives.

Why acquiring this study can help you:

• To get a comprehensive overview of the overall dairy alternatives market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by the actors

• To benefit business insights about country- and region-based market trends and increase prospects in the dairy alternatives market

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