Dairy Alternatives Market Scope
Dairy alternative food products are extracted from various plant-based sources. This product offers nutritional benefits such as regulate blood pressure and maintain heart, kidney, and skin health. The increasing number of patients with milk allergies is likely to be a key factor in driving the market. Food and Beverage service providers are focusing on the usage of plant-based dairy products. For instance, Starbucks Corporation an American coffeehouse chain start offering dairy-free substitute oat milk to some US cafes and other beverage companies are also planning to jump on the trend. Rising consumer demand for healthy & nutritional products and product innovation such as flavored milk and others expected to drive the demand for dairy alternative products.
According to AMA, the Global Dairy Alternatives market is expected to see growth rate of 10.98% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Dairy Alternatives market throughout the predicted period.
The Whitewaves Food Company (United States), The Hain Celestial Group (United States), Blue Diamond Growers (United States), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (United States), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France) and Panos Brands LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Valsoia S.P.A (Italy), Dohler GmBh (Germany) and Organic Valley (United States).
Segmentation Overview
The study have segmented the market of Global Dairy Alternatives market , by Application (Milk, Cheese, Yogurt, Ice Creams, Creamers and Others) and Region with country level break-up.
On the basis of geography, the market of Dairy Alternatives 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).
Influencing Trend:
Increasing Adoption of Plant-Based Dairy Alternatives and Emphasizing On Production of Flavored Dairy Alternative Products
Market Growth Drivers:
Rising Consumer Preference for Vegan Food, Increasing Demand for Rice Milk, Soy Milk, and Almond Milk and Changing Consumer Lifestyle Fueled By Increasing Disposable Income
Challenges:
Strong Market Presence of Dairy Products
Restraints:
Fluctuating Raw Material Prizes and Safety and Regulatory Guideline for the Usage of Dairy Alternatives
Opportunities:
Increasing Demand from Developing Countries Such As India, China, and Others, Growing Online Distribution Platform for Dairy Alternative Products and Rising Awareness about Health Benefits Associated With Dairy Alternative Products
13th March 2019, Jeni’s Splendid Ice Cream an artisan ice-cream company Launched dairy-free ice cream flavors.
Recently in February 2019, The undersigned submits this petition on behalf of the National Milk Producers Federation (“NMPF”) under Sections 201, 201a, 201c, 301, 401, 402, 403 and 701 of the Federal Food, Drug, and Cosmetic Act (“FDCA” or “Act”) to request that the Commissioner take certain actions to (1) enforce existing “imitation” labeling requirements against nutritionally inferior Non-dairy substitutes for standardized dairy foods that are named and positioned as forms of “Milk,” “yogurt,” “cheese,” “ice cream,” or “butter,” yet fail to provide the “imitation” disclosure Statement that is required under the Act and FDA implementing regulations; and (2) amend section 101.3(e) of FDA regulations to codify in more detailed form longstanding FDA policies that permit the name of a standardized dairy food (e.g., “milk,” “yogurt,” “cheese,” “ice cream,” “butter”) to be used in the statement of identity of a non-dairy substitute for the standardized food only under limited and defined conditions.
Key Target Audience
Raw Material Suppliers, Dairy Alternative Manufacturers/Suppliers, Importers, and Exporters, Intermediary Suppliers, Consumers/End-User Industries, Research Institute, Potential Investors, Government Agencies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.