Dairy Alternatives Market Strategic Initiatives, Driver Relevance,
Segmentation By 2024
“Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024. The
Dairy alternatives-based food and beverages are prepared from dairy-free
milk, extracted from several plant-based sources such as soy, rice, almond,
coconut, and others.”
Global Dairy Alternatives Market is projected to reach USD 35.6 billion by 2024. The Dairy alternatives-based
food and beverages are prepared from dairy-free milk, extracted from several plant-based sources such as soy,
rice, almond, coconut, and others. Widely consumed dairy substitute-based products are ice-cream, milk,
butter, energy drinks, soft drinks, cheese, and others. The dairy alternatives have a robust demand with respect
to manufacturing medical food for their lactose-free nature, lactose intolerance ailments. The development of
this market can be ascribed to the preference of customers toward a vegan diet, rising occurrences of lactose
intolerance between the populace, and the increasing demand for several refresh dairy food & beverage
applications. In addition, the low-fat content and low cholesterol concentration in dairy alternative beverages,
and their increasing demand will initiate the growth of the market.
Moreover, the dairy alternatives offer several benefits such as increasing awareness among people, and as the
dairy alternatives products contain vitamin, high calcium, the market will upsurge in the forecast period. On the
other hand, factors such as High price of dairy alternative beverages, cross contamination of raw materials may
hamper the growth of dairy alternatives industry in the forthcoming period and anticipated to grow at a CAGR
of 16.6% in the upcoming period as the scope, product types, and its applications are growing across the globe.
Dairy alternatives market may be explored by type, applications, formulations, distribution channel and
geography. The market may be explored by type as Soy, Coconut, Almond, Oat, Hemp, and Rice.
Request Sample Copy of this Market Research @
https://www.millioninsights.com/industry-reports/dairy-alternatives-market/request-sample