Dairy Alternatives Market to witness remarkable gains over 2019-2025: Global Market Insights, Inc. As per a recent industry report put forward by Global Market Insights Inc., Dairy Alternatives Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 37.5 billion by 2025 with a projected CAGR of 10% over 2019-2025. Shifting consumer inclination toward vegan items owing to the rising health awareness will drive dairy alternatives market growth. Health conscious people have registered increased demand for flavored milks such as almond, soy, coconut, oats, hemp, and rice to improve their mineral and vitamin uptake. Manufactures are working to develop new flavors in plant-based ice-creams and frozen yogurts to gain a competitive edge, thereby contributing to a surge in dairy alternatives industry size.
Easy accessibility to raw materials due to substantial augmentation in manufacturing supplemented with low initial investments for startups have been resulting in an amplified competitive scenario in dairy alternatives market. As per SOPA, soy production globally has improved from almost 320 million metric tons in the year 2014 to about 361 million metric tons in the year 2018. Also, according to USDA, almond production worldwide has raised from about 1,069 thousand metric tons in 2014 to 1,285 thousand metric tons in 2018. Major factors such as enhanced product flavor and taste and growing distribution network are likely to fuel dairy alternatives industry share growth in the times to come. The dairy alternatives market trends have also been influenced with the launch of latest products based on hemp, oats, almonds, and rice. For example, in January 2019, Oatly has reportedly announced that it will develop its oat-based ice-cream by unveiling new flavors. Moreover, hemp-based dairy alternatives industry have been earning traction significantly. Hempbased dairy alternatives are also readily available in Europe and North America. Almond-based dairy alternatives market share is likely to experience fastest CAGR at about 8.5% over 2019-2025. Increasing production of almonds to cater to the expanding demand and simultaneously intensifying consumer awareness concerning health advantages are impelling almond-based dairy alternatives industry size growth. Furthermore, almond milk offers benefits including greater daily suggested value for vitamin E and vitamin D, reduced cholesterol levels, and low-calorie content which will also help to expand dairy alternatives industry outlook.
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Industry Coverage for Dairy Alternatives Market:
To browse this report titled, “Global Dairy Alternatives Market Size By Product (Almond, Soy, Coconut, Oat, Rice, Hemp), By Application (Food {Cheese, Deserts, Snacks}, Beverages), By Formulation (Sweetened, Unsweetened), By Sales Channel (Mainstream Stores, Specialty Stores, Online Stores) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Russia, Italy, China, India, Japan, South Korea, Indonesia, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” please click on the link below: https://www.gminsights.com/industry-analysis/dairy-alternatives-market
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Unsweetened dairy alternatives market forecast is anticipated to be rather positive through 2025. There has been an increase in the health conscious customer base worldwide on account of extensive knowledge that consumers have, pertaining to the usage of sweeteners, particularly in Europe and North America. The knowhow about the use of sweeteners will help consumers shift their preference to unsweetened items. A recent dairy alternatives market forecast report has predicted that unsweetened dairy alternatives industry trends will appreciably in the times to come, owing to increased sales of unsweetened items. A prominent Asia Pacific dairy alternatives market forecast claims that the industry size is predicted to observe the fastest growth at over 10% CAGR over 2019-2025, led by countries including India, China, Indonesia, and Japan. Lifestyle transformations towards healthy living and increasing consumer expenditures have also been fueling dairy alternatives industry share in the region. Make an inquiry for purchasing this report @ https://www.gminsights.com/inquirybefore-buying/2451 The global dairy alternatives industry share is likely to get spurt with a lot of regional and multinational companies such as Blue Diamond Growers, Danone, Valsoia S.P.A, Freedom Foods, Hain Celestial Group, Sunopta, and Pacific Foods. According to Global Market Insights Inc., dairy alternatives market size is predicted to surpass revenue valuation of $37.5 billion by the year 2025. Partial Chapter of the Table of Content Chapter 1. Methodology and Scope 1.1. Research methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Definitions & forecast parameters 1.2. Data sources 1.2.1. Primary 1.2.2. Secondary Chapter 2. Executive Summary Š 2019 Global Market Insights Inc. All Rights Reserved
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2.1. Dairy alternatives market 3600 synopsis, 2013 –2025 2.1.1. Business trends 2.1.2. Product trends 2.1.3. Application trends 2.1.4. Formulation trends 2.1.5. Sales channel trends 2.1.6. Regional trends Chapter 3. Dairy Alternatives Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 –2025 3.3. Industry ecosystem analysis 3.3.1. Raw material suppliers 3.3.2. Manufacturer 3.3.3. End-user 3.3.4. Distribution channel analysis 3.3.5. Profit margin trends 3.3.6. Vendor matrix 3.4. Technology landscape 3.4.1. Production process 3.4.2. Key patents 3.5. Global dairy alternatives industry outlook 3.5.1. Industry trends 3.5.2. Application insights 3.5.3. Driving forces and key requirement
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3.6. Regulatory landscape 3.7. Consumer buying behavior 3.8. Pricing analysis 3.8.1. Regional pricing 3.8.2. Cost structure analysis 3.9. Industry impact forces 3.9.1. Growth drivers, by region 3.9.2. Industry pitfalls & challenges 3.10. Innovation & sustainability 3.10.1. New product launches 3.11. Growth potential analysis, 2018 3.12. Porter's analysis 3.13. Competitive landscape, 2018 3.14. PESTEL analysis
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