Global Dairy Alternatives Market Size, Share, Trends & Forecast 2019-2025
Posted by nabeel on January 21st, 2021
With the changing lifestyle, there is a shift in the eating habits of people as a result of which, the demand for the dairy product is increasing. The demand for dairy products cannot be fulfilled entirely depending on the dairy firms. Nowadays, consumers are getting more concerned about animals’ rights, consumers are shifting their interest. The increased need for dairy products had driven to the use of alternative dairy products with the same nutritional efficiency as of dairy products. Another reason for the increased demand of alternative dairy products is the shifting of people towards a vegan diet more than ever. This vegan culture has mostly influenced the dairy alternatives industry. Alternative dairy products also claim additional health benefits in comparison to traditional dairy products. The most common dairy alternatives either made with soya milk, nuts or coconut milk include milk, butter, cheese, yogurt, ice-cream, and whipped cream. Government policies and regulations are also assisting in the growth of global dairy alternatives market.
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Some of the key players contributing in the industry are Hain Celestial Group Inc., CP Kelco, ADM Company; Vitsoy International Holding Ltd., WhiteWave Foods Company, Daiya Foods Inc., Nutriops S.L., Eden Foods Inc., OATLY AB, Blue Diamond Growers Inc., and Freedom Foods Group Ltd. Companies are investing extensively in R&D to produce new products and sustain their position in a competitive environment. New products, technologies, and method such as enzymatic liquefaction and Ultra High Processing (UHT) are being used for the efficient manufacturing of dairy alternative products and is providing a new outlook to the dairy alternatives industry. The rise in the consumption of enzymes such as proteinase, amylases, and pectinases are creating a way for dairy alternatives.
Current Market Trends Covered in the market report:
The Report Global Dairy Alternatives Market Segmentation
Rest of the World
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About the Authornabeel
Joined: November 26th, 2020
Articles Posted: 337
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