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(India.CityRegions.Com, November 26, 2018 ) Global Dairy Alternative Industry was valued at USD 7.08 Billion for the year 2017. Dairy Alternative Industry is further expected to grow at a CAGR of 11.16% from 2018 to reach USD 13.36 Billion by the year 2025. Asia Pacific region holds the major Industry share whereas North America region is considered as the fastest growing Industry in the forecasted period. Developed countries such as China, U.S. and other developing countries in the Asia Pacific region are further anticipated to grow at a steady pace in the next 5 years.
Major players in Dairy Alternative Industry are Whitewave Foods, Blue Diamond Growers, SunOpta Inc., The Hain Celestial Group Inc., Freedom Foods, Nutriops SL., Dφhler GmbH and other 13 companies information is provided in research report. Better global reach, both at production and at an operational level is the main reason for holding this highest Industry share. New product launches and growing research and development expenditures to address changing demand of end users in recent years are driving this Industry. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive Industry opportunities for the various stakeholder in the value chain.
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SWOT Analysis of Dairy Alternative Industry Strength Growing cases of lactose intolerance amongst end user Rising health consciousness has increased demand for the vegan diet
Weakness Comparatively high price for Alternative milk types Varying nutrient content compared to dairy milk
Opportunities Changing lifestyle in the untapped emerging Industry pose an opportunity for producers Consumers are showing interest in the hybrid beverages, that offer functional benefits such as bone health, high protein, energy or relaxation at a retail level
Threats Removing the additional sugar content to enhance flavors & textures Economical and uninterrupted Raw material supply for production
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The soy milk segment is expected to hold the maximum Industry share during the forecasted period. With the increasing popularity and easy availability of the soy milk demand for dairy alternative applications are gaining highest Industry share. Almond milk is widely popular in North America region with ~80% of production in the region.
Dairy Alternative Industry Overview By Application Food Beverages By Formulation Flavored Sweet Unsweetened
Non-Flavored Sweet Unsweetened
Dairy Alternative Industry Overview By Type Soy Milk Almond Milk Rice Milk Hemp Milk
Purchase Report@ www.qurateresearch.com/report/buy/FnB/QBI-GRS-FnB-116238/
Dairy Alternative Industry Overview By Region North America USA Canada Europe Germany U.K. France Italy Rest of Europe APAC China India Japan Rest of Asia-Pacific RoW Latin America Middle East & Africa
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
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