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Rise in disposable income, growth in number of vegan people, and increase in demand for plant-based milk drive the growth of the global dairy alternativesmarket.
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Frozen Food Market Dairy Protein Market Dairy Alternatives Market No. of Pages- 196 Global Opportunity Analysis and Industry Forecast, 2019-2026 Global Opportunity Analysis and Industry Forecast, 2020-2027 Global Opportunity Analysis and Industry Forecast, 2019-2026 Global Opportunity Analysis and Industry Forecast, 2020-2027 Download Report Sample
Dairy Alternatives Marketgenerated $13.02 billion in 2018, and is estimated to reach $35.80 billion by 2026, registering a CAGR of 13.6% from 2019 to 2026.The report offers anextensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/6198 Dairy Alternatives Market Download Report Sample
Rise in disposable income, growth in number of vegan people, and increase in demand for plant-based milkdrive the growth of the global dairy alternatives market. However, high cost and rising demand for low cholesterol and low fat conventional milk hinder the market growth. On the other hand, rising R&D activities for taste and flavors in dairy alternatives create new opportunities in the coming years. • Covid-19 scenario: • During the corona virus pandemic, operations regarding production and supply of dairy alternatives have not been affected much as it comes under “essential goods” category. • However, research & development activities have been halted by manufacturers of dairy alternatives during the outbreak. Dairy Alternatives Market Download Report Sample
Based on region, Asia-Pacific contributed the highest share, accounting for nearly half of the total market share in 2018, and will maintain its dominance throughout the forecast period. Moreover, the same region is expected to grow at the highest CAGR of 14.5% from 2019 to 2026. The report also analyzes segments including North America, Europe, and LAMEA. Rise in disposable income, growth in number of vegan people, and increase in demand for plant-based milk drive the growth of the global dairy alternatives market. Dairy Alternatives Market Download Report Sample
The Major Key Players Are: • WhiteWave Foods Company • Blue Diamond Growers • SunOpta Inc. • Earth’s Own Food Inc. • Living Harvest Foods Inc. • Kikkoman Corporation • Rebel Kitchen • Organic Valley • Panos Brands LLC • The Hain Celestial Group Inc. • Eden Foods Inc Dairy Alternatives Market Download Report Sample
Key Findings of the Dairy Alternatives Market : • The dairy alternatives market was valued at $13,021.0 million in 2018 and is estimated to reach $35,804.6 million by 2026, growing at a CAGR of 13.6% through the forecast period. • Based on source, the almond segment would witness the fastest growth, registering a CAGR of 14.6% during the forecast period. • In 2018, based on application, the beverage segment held the highest share, accounting for more than half of the global market share. • In 2018, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period. • Asia-Pacific was the dominant region in 2018, accounting for more the two-fifth of the dairy alternatives market share. Dairy Alternatives Market Download Report Sample
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