Plant-based milk products that process through nuts, grains, and seeds are dairy substitute beverages. People who are vegan, lactose intolerant, or allergic to milk are the main consumers of dairy substitutes. Dairy substitute drinks are made from plants and have reduced cholesterol levels.
Dairy Alternative Beverages Market is divided into a number of categories, including soy milk, almond milk, oat milk, coconut milk, hemp milk, hazelnut milk, and rice milk. These are some of the main milk substitutes that are extensively consumed by people all over the world.
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Supermarkets, health food stores, pharmacies, convenience stores, and online sellers all sell these dairy-alternative beverages in large quantities. Dairy-alternative beverages come in a variety of flavours, as well as basic, fortified, sweetened, and unsweetened varieties.
According to People for the Ethical Treatment of Animals (PETA), about 2.5% of the U.S. population is vegan. Such trends would also help in the growth of global dairy alternative beverage market.
Increase in awareness level and rising health concerns issue are the two main issue which leads to drive the global dairy alternative beverages market. The threat of cross-contamination of raw materials is major challenge that limits the growth of dairy alternative beverage market. This acts as a restrain for global dairy alternative beverage market.
Asia Pacific region is the largest market for dairy alternative beverages and growing health concern issue, rising population, increase in disposable income level are some of the key issue which lead to boost the market in many Asia Pacific countries.
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Key geographies evaluated in this report are:
North America
- US
- Canada
Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
APAC
- China
- India
- Japan
- Australia
- Others
Latin America
- Argentina
- Brazil
- Others
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After North America, Europe is one of the growing markets of dairy alternative beverage. The global dairy alternative beverage market is expected to witness double-digit growth during the forecasted period 2014- 2020.
Some of the major companies operating in global dairy alternative beverages market are Blue Diamond Growers Inc., Earth’s Own Food Company Inc., Eden Foods Inc., Freedom Foods Group Ltd., Organic Valley Family of Farms, Grupo Leche Pascual Sa, Living Harvest Foods Inc., Nutriops S.L., OATLY AB, Pacific Natural Foods, Panos Brands LLC, Pureharvest, Sanitarium Health & Wellbeing Company, Stremicks Heritage Foods, Sunopta Inc., The Bridge S.R.L., The Hain Celestial Group Inc., The Whitewave Foods Company, Turtle Mountain Llc and Vitasoy International Holdings Limited.
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