Dairy alternative market to reach $21.7 billion by 2022. Report outlinies strategies adopted by manufacturers along with innovations in milk alternatives.
Portland, OR -- (SBWIRE) -- 06/13/2017 -- Allied Market Research has recently published a report on the dairy alternatives market, which is an in-depth examination of the entire industry, for the period 2014–2022. The report is a comprehensive analysis of the market and examines the key driving factors, restraints, opportunities, and challenges faced by the market players engaged in the production of dairy substitutes. It explains the different plant sources for dairy alternatives, along with a detailed explanation of its application in several foods and beverages. The report profiles the major players functioning in the industry, along with a close study of their products and business strategies. The study also includes vital statistics, charts, tables, and figures to support the research findings and conclusions.
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The global dairy alternatives market report emphasizes the immense growth potential of the industry in the given time period. According to the study, the entire milk substitutes is expected to garner a total value of $21.7 billion by the year 2022. This value would be achieved with a projected CAGR of 70.8% during the period 2014–2022. The report focuses on the various segments of the market, based on source of dairy. It explains how milk and milk products derived from plant-based sources are set to progress at a rapid pace in the dairy industry.
Key findings of the Dairy Alternatives Market Report:
- The market for dairy alternative products prepared from innovative sources, such as coconut, cashew, oats, and hemp is expected to attract significant growth during the forecast period 2016–2022.
- The soy milk segment was the highest revenue-generating segment in the global dairy alternative market, in the year 2015. This was followed closely by the almond milk segment.
- The fastest growth in the market is estimated for the almond milk market, owing to the widespread acceptance of almonds as a healthy, nutritive source for dairy substitutes.
- The Asia-Pacific region would remain to be the largest revenue-generating segment in the overall market, for the analysis period 2014–2022.
The report enlists the profiles of the key industry players engaged in the dairy alternative market. The business performances, operating business segments, key strategic moves and developments, and the marketing strategies of each player have been scrutinized in the report enable. The main companies mentioned in the study include names, such as WhiteWave Foods Company, Blue Diamond Growers, SunOpta Inc., Earths Own Food Inc., Hain Celestial Group, Inc., Organic Valley, Panos Brands LLC, Living Harvest Foods Inc., Elden Foods Inc., and Pascual Group.
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The dairy alternatives market report focuses on the essential factors driving the growth of the market. The detailed competitive analysis provided in the report enables stakeholders assess the market landscape, along with a better understanding of the current and future trends. The significant investment pockets outlined in the report provide interested investors and business owners an in-depth insight into the market dynamics. New entrants wishing to venture into the market can get an accurate idea about the lucrativeness of each segment. The report offers more than just insights, with precise data and stats about probable income, production, and consumption values.