Plant-based Dairy Market Global Industry Analysis and Forecast Till 2030Posted by Anup Kumar on January 18th, 2021 The global plant-based dairy market is projected to witness lucrative growth during the forecast period, more so amid the COVID-19 pandemic, as plant-based dairy products offer numerous health benefits, thereby boosting the human immune system. In addition, initiatives taken by governments and other organizations to promote the consumption of plant-based protein products have also contributed significantly to market growth. For instance, the Government of Canada has launched the Protein Industries Canada (PIC) Supercluster in order to grow the plant-based food & beverage business in the country. Under this project, the Canadian government invests in various plant-based businesses. Apart from this, global animal rights organizations such as People for the Ethical Treatment of Animals (PETA) promote the consumption of plant-based food & beverages by conducting various awareness events and campaigns. Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=4963 According to a recent report published by Fact.MR, the global plant-based dairy market will expand at a value CAGR of 11.5%, and account for US$ 32 billion by the end of the forecast period (2020–2030). Key Takeaways from Plant-based Dairy Market Study
For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4963 “In the long run, the outbreak of COVID-19 is expected to trigger market growth, as it has increased awareness about the various health benefits of plant-based dairy products,” says a Fact.MR analyst. Key Manufacturers Focus on New Product Development to Drive Growth The global plant-based dairy market is fragmented in nature. With the entry of leading food FMCG players, the market is witnessing tough competition. Therefore, key players are introducing new products to acquire a larger customer base. For instance, in January 2020, Danone’s plant-based dairy brand Silk launched a new plant-based cream alternative made with oatmilk. Also, in February 2020, another plant-based dairy company - Forager Project - launched a new line of organic oatmilk, organic plant-based yogurt, and organic probiotic drinkable cashewmilk yogurt in blackberry flavour. More Valuable Insights on Plant-based Dairy Market Fact.MR, in its new offering, presents an unbiased analysis of the global plant-based dairy market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the plant-based dairy market on the basis of product (milk, frozen desserts, butter, creamers, yogurt, and cheese), nature (organic and conventional), end use (B2B and B2C), and sales channel (direct sales and retail sales), across six major regions. About the Food & Beverages Division at Fact.MR Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food & beverage team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the food & beverage industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help. About Fact.MR Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. Unit No: AU-01-H Like it? Share it! More by this author |