Deerfield Beach, FL -- (SBWIRE) -- 03/31/2017 -- Latest industry research report on Dairy alternative based food and beverages are prepared from dairy-free milk, extracted from various plant based sources. These are increasingly being consumed by lactose intolerant and vegan individuals. A wide variety of food and beverages are available in the market, which are prepared from milk derived from sources such as almond, soy, rice, coconut and others. Popularly consumed dairy alternative based products are milk, ice-cream, cheese, butter and others.

Increasing awareness about the benefits of dairy alternative products and growing vegan population are the major factors boosting the demand these products. Moreover, increasing health consciousness, rise in disposable income and awareness towards chemical free products are some of the other factors fueling the market growth.

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However, higher cost compared to conventional milk/milk based products and prominence of low-cholesterol, and low-fat conventional milk/milk based products have emerged to be major challenges for the players operating in the market.

The market is anticipated to offer attractive business opportunities owing to rising lactose intolerance and increasing demand for soy, rice, and almond milk proteins in the global market. Moreover, innovation in sources and flavors of dairy alternative based food & beverages is expected to unfold opportunity for the players operating in the market.

DAIRY ALTERNATIVE MARKET SEGMENTS

By Source

Soy milk
Almond milk
Rice milk
Other sources

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By Application

Food
Spread
Creamer
Yogurt
Tofu
Others
Beverages

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
Other Asia-Pacific
LAMEA
Latin America
Rest of LAMEA

Key Players

WhiteWave Foods Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta Inc.(Canada)
Earth's Own Food Company Inc.(Canada)
Living Harvest Foods Inc. (U.S.)
Hain Celestial Group, Inc.(U.S.)
Organic Valley Family of Farms (U.S.)
Panos Brands LLC (U.S.)
Pascual Group (Spain)
Eden Foods Inc.(U.S)

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