Precision Business Insights has published a report on the global dairy alternatives market, estimating its value at USD 36.7 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/dairy-alternatives-market

Market Definition:

Almond milk, soy milk, and other plant-based dairy substitutes are generally lower in calories and fat than conventional dairy products. Because of this, people who want to control their weight or cut back on their overall calorie consumption frequently choose dairy substitutes.

Drivers:

1)      Increasing in preference of vegan foods

2)      Growing number of lactose intolerance cases

3)      Adoption of nutrition rich diet.

The global Dairy alternatives market segmentation:
1) By Product Type: Coconut Milk, Soy Milk, Rice Milk, Almond Milk, and Others.
2) By Formulation: Sweetened Products and Unsweetened Products.
3) By Application: Food and Beverages.
4) By Distribution Channel: Supermarket, Food Stores, Convenience Stores, and Others

Regional Overview:
The report also examines the current concerns and their Future Effects on the dairy alternatives market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the dairy alternatives market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The key players profiled in the global dairy alternatives market report are Eden Foods (U.S.), Nutriops SL. (Spain), Earth's Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), Blue Diamond Growers (U.S.), SunOpta Inc. (Canada)

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