About Dairy Free Products
The growing vegan population worldwide and increasing awareness among consumers are the factors that fuel the market of the dairy-free product. Dairy-free products are products that do not contain milk or ingredients derived from milk. These products typically don't contain as much protein as the dairy variety would because milk is naturally high in protein. In the market, there are variety of dairy-free products available.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Dairy Free Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone S.A. (France), Hain Celestial Group, Inc. (United States), WhiteWave Foods (United States), SunOpta (Canada), Vitasoy International Holdings (Hong Kong), Good Karma Foods (United States), Valio Ltd (Finland), Nestle S.A. (Switzerland), Arla Foods (Denmark) and Murray Goulburn Co-operative Co. Limited (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dairy Free Products market by Type (Beverages, Yogurts, Desserts, Bakery Products, Cheese & Butter Spread, Chocolates and Others), Application (Household and Commercial) and Region.
On the basis of geography, the market of Dairy Free Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic Dairy-Free Products will boost the Dairy Free Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Dairy Free Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Shifting Diet Trend for Dairy-Free Products
Market Growth Drivers:
Increasing Demand for Dairy-Free Products from Vegan Population, Health Benefits of the Dairy-Free Products and Increased Online Customers for the Products
Challenges:
Slowdown of the World Economy due to Pandemics such as COVID-19
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Rise in the Popularity of the Veganism, Growth in the Food and Beverage Industry Worldwide and Availability of Dairy Alternatives in the Market
Market Leaders and their expansionary development strategies
In March 2023, Next Gen Foods, the producer of plant-based chicken brand TiNDLE, had acquired Mwah. The acquisition is expected to enable the alternative protein powerhouse to continue diversifying its product offerings, while meeting increasing consumer demand for sustainable food experiences, executives anticipate.
In August 2023, Nature’s Fynd™, a food company making delicious meat and dairy alternatives with Fy™, a nutritional fungi protein, has added another product line to the shelves at select Whole Foods Market locations nationwide.
Key Target Audience
Dairy Free Products Manufacturers, Raw Material Suppliers, Distributors, Emerging Economies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.