Plant-based Dairy Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors

 According to Markntel Advisors Report, Plant-based Dairy Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Plant-based dairy alternatives are non-dairy products that mimic the taste & texture of traditional dairy items but are derived from plant sources. These alternatives are typically made from soy, almonds, oats, coconut, or rice. They offer a diverse range of options, including plant-based milk, yogurts, cheeses, and ice creams, providing a viable & nutritious alternative to traditional dairy products..

 

Global Plant-based Dairy Market Research Report & Summary:

The Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.        

Time Period Captured in the Report:

·        Historical Years: 2019-22

·        Base Years: 2023

·        Forecast Years: 2024-2030

Who are the Key Players Operating in the Plant-based Dairy Market?

The top companies of the Plant-based Dairy Market ruling the industry are: 

Danone, Groupe, Hebei Yangyuan Zhihui Beverage Co Ltd, Cereal Base CEBA AB, Coconut Palm Group Co Ltd, Blue Diamond Growers, Vitasoy International Holdings Ltd, Wanxiang Sannong Co Ltd, The Coca-Cola Co., Fujian Dali Food Co Ltd, Kikkoman Corp, Lactasoy Co Ltd, Califia Farms LP, Green Spot Co Ltd, Dr Chung's Food Co Ltd, Marusanai Co Ltd, Others.

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Plant-based Dairy Industry Recent Development:

·        2023: Blue Diamond Growers, launched Almond Breeze Extra Creamy Almond milk with 80 calories per serving and has low saturated fats with high vitamin D and E content.

The Plant-based Dairy Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Product Type- Market Size & Forecast 2019-2030, USD Million

-Plant-based Milk

-Soy Drinks

-Almond

-Coconut

-Oat

-Rice

-Others (Blends, etc.)

-Plant-based Yoghurt

-Plant-based Cheese

-Others

-By End Users- Market Size & Forecast 2019-2030, USD Million

-B2B

-HoReCa

-Snacks & Savoury

-Bakery & Confectionary

-Food Service

-HoReCa

-Retail Users

-By Sales Channel- Market Size & Forecast 2019-2030, USD Million

-Supermarkets

-Hypermarkets

-Local Grocery Stores

-Online

-Others

-By Ingredients- Market Size & Forecast 2019-2030, USD Million

-Plant-based Acidulants

-Plant-based Botanicals

-Plant-based Carotenoids

-Vegetable Oils

-Polysaccharides & Oligosaccharides   

-Plant-based Sweeteners

-Other Commodities (Water, Cereals, Juices, etc.)

-By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific

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Market Dynamics -Global Plant-based Dairy Market:

Cholesterol-free & Fat-free Properties to Propel Plant-based Dairy Products’ Demand – The rise in various lifestyle-related diseases, such as obesity, heart disease, diabetes, etc., has reached epidemic proportions in many parts of the world. These health issues, along with the threat of new & emerging diseases have driven people to be more proactive about their health. Moreover, a significant portion of the global population is suffering from one or another disease, driving consumers to adopt healthier lifestyles.

For Instance,

In 2022, according to the WHO (World Health Organisation), more than 1 billion people across the globe were obese, and it was estimated that by 2025, approximately 167 million people, including children & adults, will be less healthy due to obesity.

Owing to such rising health concerns, consumers are seeking food options that contain lower amounts of saturated fats and provide more nutrition to maintain a healthy & balanced lifestyle. They are actively looking for food products that are claimed to be cholesterol-free and fat-free. Plant-based dairy products are low in saturated fats and offer cholesterol-free properties leading to their higher consumption which is expected to drive the growth of the Plant-based Dairy Market in the forecast period.

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