OMR study on Dairy Alternatives market provides in-depth analysis of current
industry trends, market size, competitive analysis and market forecast (2019-
2025).
OMR report provides a detailed analysisofthe global dairy alternatives market and provides
recommendationsforthe potential revenue segment, market drivers, limitations &challenges, and
opportunities affecting the growth of dairy alternatives market. In addition, the report has dedicated
chapterscovering market forecasts and analyses for leading segments and geographies, major
companies’profiles operating in dairy alternatives market.
Dairy alternatives can be made from various ingredients that include almond, rice, soya, coconut and
others such as hemp and oats. The rising population with lactose intolerance and increasing health-
consciousness among people are motivating the demand for soya milk.Soya milk is one of the important
dairy alternativescontains numerous minerals such as zinc, sodium, calcium, and potassium.Increasing
concerns over the sideeffects of natural milk and preference headed for non-dairy milk have been
witnessed.Soya milk decreases cholesterol levels and hence, is more preferableamong heart patients.
Further, protein content in soya milk is the same in amount as that in cow milk that increases its
consumption among the consumers, which in turn is expected to drive overall industry.
Factors supporting the acceptance of dairy alternatives are the chaotic lifestyles of the working middle-
class population. It is readily available which induces them to use these convenience products for on-
the-go drinking to save time.With the risingresponsiveness about the health benefits of plant-based
alternativesinstead of dairy foods is one of the primary factors to generate consumer inclination to dairy
alternatives. The growing population of vegan consumers is predictable to strengthen developments in
the dairy alternatives market in the future.
The global dairy alternatives market is segmented on the basis of type and application. Based on the
type, the global dairy alternatives market is further segmented into soya, almond, rice, coconut, and
others. On the basis of application, the global dairy alternatives market is classified into food and
beverages. The beverages segment is projected to have a significant market share in the global dairy
alternatives market due to the rising demand for vegan diet due to concerns regarding animal rights and
others.
Global dairy alternatives market size and forecast were obtained by using "Bottom-Up" and "Top-Down"
approaches.The report provides both, qualitative and quantitative analyses of the dairy alternatives
market, the competitive landscape, and the preferred development strategies of major players which
helps to formulate competitive market strategies and make decisive strategic decisions. Extensive
primary and secondary research were conducted in order to formulate the market insights and
trends.Primary research coversinterviews to further validate the information sourced. Expert opinion
obtained from interviews with industry executives and experts from prominent companieswere taken
under consideration while estimating the market value.