Description :
Dairy alternative based food and beverages are prepared from dairy-free milk , extracted from various plant based sources . These are increasingly being consumed by lactose intolerant and vegan individuals . A wide variety of food and beverages are available in the market , which are prepared from milk derived from sources such as almond , soy , rice , coconut and others . Popularly consumed dairy alternative based products are milk , icecream , cheese , butter and others .
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Increasing awareness about the benefits of dairy alternative products and growing vegan population are the major factors boosting the demand these products . Moreover , increasing health consciousness , rise in disposable income and awareness towards chemical free products are some of the other factors fueling the market growth . However , higher cost compared to conventional milk / milk based products and prominence of low-cholesterol , and low-fat conventional milk / milk based products have emerged to be major challenges for the players operating in the market . The market is anticipated to offer attractive business opportunities owing to rising lactose intolerance and increasing demand for soy , rice , and almond milk proteins in the global market . Moreover , innovation in sources and flavors of dairy alternative based food & beverages is expected to unfold opportunity for the players operating in the market .
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The world dairy alternative market is segmented on the basis of source , application , distribution channel and geography . By source , the market is categorized into four segments which include soy milk , almond milk , rice milk , and other sources . By application , the market is segmented as food and beverages . Food is further categorized into spread , creamer , yogurt , tofu and others . Large retail , small retail , specialty store and online are the segmentations by distribution channel . Geographically , the market is classified into North America ( U . S ., Canada and Mexico ), Europe ( UK , Germany , France and rest of Europe ), Asia- Pacific ( China , Japan and rest of Asia-Pacific ), and LAMEA ( Latin America and Rest of LAMEA ).
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The companies profiled in the report are WhiteWave Foods Company ( U . S .), Blue Diamond Growers ( U . S .), SunOpta Inc .( Canada ), Earth ’ s Own Food Company Inc .( Canada ), Living Harvest Foods Inc . ( U . S .), Hain Celestial Group , Inc .( U . S .), Organic Valley Family of Farms ( U . S .), Panos Brands LLC ( U . S .), Pascual Group ( Spain ), and Eden Foods Inc .( U . S .).
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