Dairy Alternatives Market Global Industry Analysis, Size and Forecast, 2017 to 2027
Valley Cottage, NY -- (SBWIRE) -- 11/09/2017 -- The dairy alternatives market is growing at a steady pace the world over. The prime reasons for this are the increased consumer awareness coupled with a changing way of life and increased awareness about wellbeing, mainly concerned with the weight management and sugar level control in the body.
Other important reason for the boost in the dairy alternatives market is the growing lactose intolerance and milk allergy amongst the masses. In addition, with the increase in the incidences of gastrointestinal diseases, consumers are sidestepping dairy products and this is the reason for the growth of the dairy alternatives market.
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Moreover, increased disposable income and rising population, especially in developing nations present a huge opportunity for the dairy alternatives market. Some of the people prefer vegan food, and therefore don't drink milk sourced from mammals and prefer plant based milk.
Dairy alternatives are meant to provide an alternative in the form of a liquid to replace the milk sourced from a mammal. This alternative milk in liquid form is whitish in colour and contains similar amount of nutrients like proteins and other vitamins as milk. Such type of dairy alternatives are used to replace milk in tea, coffee or in a recipe.
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The market in North America is set to dominate the global dairy alternatives market in terms of value and this trend is projected to sustain itself throughout the assessment period
The report also profiles companies that are expected to remain active in the expansion of global dairy alternatives market through 2022, which include The Hain Celestial Group, Inc., SunOpta, Inc., Organic Valley Cropp Cooperative, OATLY A.B., Koninklijke Wessanen N.V., Eden Foods Inc., Earth's Own Food Company Inc., Danone, Califia Farms LLC and Blue Diamond Growers, Inc.