U.S (New York)– The “Dairy Alternative Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Dairy alternative based food and beverages are prepared from dairy-free milk, extracted from various plant based sources. These are increasingly being consumed by lactose intolerant and vegan individuals. A wide variety of food and beverages are available in the market, which are prepared from milk derived from sources such as almond, soy, rice, coconut and others. Popularly consumed dairy alternative based products are milk, ice-cream, cheese, butter and others.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Increasing awareness about the benefits of dairy alternative products and growing vegan population are the major factors boosting the demand these products. Moreover, increasing health consciousness, rise in disposable income and awareness towards chemical free products are some of the other factors fueling the market growth. However, higher cost compared to conventional milk/milk based products and prominence of low-cholesterol, and low-fat conventional milk/milk based products have emerged to be major challenges for the players operating in the market. The market is anticipated to offer attractive business opportunities owing to rising lactose intolerance and increasing demand for soy, rice, and almond milk proteins in the global market. Moreover, innovation in sources and flavors of dairy alternative based food & beverages is expected to unfold opportunity for the players operating in the market.
The world dairy alternative market is segmented on the basis of source, application, distribution channel and geography. By source, the market is categorized into four segments which include soy milk, almond milk, rice milk, and other sources. By application, the market is segmented as food and beverages. Food is further categorized into spread, creamer, yogurt, tofu and others. Large retail, small retail, specialty store and online are the segmentations by distribution channel. Geographically, the market is classified into North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan and rest of Asia-Pacific), and LAMEA (Latin America and Rest of LAMEA).
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KEY BENEFITS
The report provides a comprehensive analysis of current and future market trends in the world dairy alternative market to identify the potential investment pockets.
The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
Quantitative analysis of the current trends and forecasts from 2016 to 2022 are provided to showcase the financial appetency of the market.
Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
Key Players
WhiteWave Foods Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta Inc.(Canada)
Earth’s Own Food Company Inc.(Canada)
Living Harvest Foods Inc. (U.S.)
Hain Celestial Group, Inc.(U.S.)
Organic Valley Family of Farms (U.S.)
Panos Brands LLC (U.S.)
Pascual Group (Spain)
Eden Foods Inc.(U.S)
DAIRY ALTERNATIVE MARKET SEGMENTS
By Source
Soy milk
Almond milk
Rice milk
Other sources
By Application
Food
Spread
Creamer
Yogurt
Tofu
Others
Beverages
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
Other Asia-Pacific
LAMEA
Latin America
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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