Dairy-Free Products market: Drivers, Restraints, and Trends 2018-21 : Good Karma Foods, GraceKennedy Group, Blue Diamond Growers, Inc., SunOpta, Inc.
Press
Release - 20 Mar 2018
Global
Research and Development News
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Report
Description-
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Owing to increasing veganism and high prevalence
of lactose intolerance among individuals across the globe,
individuals have started to opt for dairy free diets. This trend of
consuming dairy-free products is increasing among millennial owing to
ethical issues related with treatment of animals, increasing
allergies to dairy products, lactose intolerance etc. Dairy-free
products are increasingly penetrating the market, as individuals are
getting inclined towards it either because of lifestyle choice or
health issues such as lactose intolerance. Dairy-free products are
assumed to be a rich source of fibers which helps in improving gut
health of an individuals. Dairy-free diets simply refers to the
balanced diet except for dairy products which are replaced with
calcium fortified plant based alternatives such as coconut milk,
almond milk, soy milk, etc.
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Dairy-free
products market is expected to witness significant growth over the
forecast period, owing to increasing demand for dairy alternatives
among the population across the globe. Increasing veganism among the
individuals across the globe is driving the sales of dairy-free
products market.
Dairy-free products market is segmented on the
basis of nature, product type, end-use, sales channel and region.
On the basis of nature, dairy-free products market
is segmented into organic and conventional. Organic segment of
dairy-free products market is expected to witness relatively high
growth over the forecast period, as it is assumed that organic
products are more healthful as compared to conventional food
products.
Dairy-free products market is further segmented on
the basis of product type into beverages, yogurts, ice-creams and
desserts, bakery products, cheese and butter spreads, creamers,
chocolates and others. Beverages segment is further sub-segmented
into milk, dairy-free kefir and others.
On the basis of end-use, dairy-free products
market is segmented into household and commercial. Commercial segment
is sub-segmented into HoReCa, bakery, institutional sales and others.
Dairy-free products market is further segmented on
the basis of sales channel into modern trade, convenience stores,
specialty outlets, modern grocery stores, online retailing and other
retailing formats. Modern trade segment is expected to exhibit
relatively high value CAGR over the forecast period.
In the past few years, veganism is increasing
across the globe and is expected to increase over the forecast
period, leading to growth of dairy-free products market over the
forecast period. In many developed regions such as Europe, Canada,
the U.S., dairy-free products market is booming, owing to couple of
reasons such as increasing health consciousness among individuals,
high lactose intolerance and increasing per capita disposable income.
Millennial demographic of the world is increasingly inclined towards
vegan diets, which is a factor driving growth of dairy-free products
market. Changing lifestyles, influence of social media and Internet,
increasing social awareness, is also expected to drive demand for
dairy-free products. Because of all these factors, people are
preferring to consume dairy-free products, which is driving growth of
the dairy-free products market and this is expected to continue over
the forecast period.
On the other side, cross contamination of raw
materials could impede the market’s trajectory over the forecast
period and affect the sales of dairy-free products market. In
addition, relatively high prices of dairy-free products also limits
the scope for the sales and could possibly hamper the growth of
dairy-free products market to an extent.
Shifting focus of individuals towards vegan diets
and vegan lifestyle is trending, owing to ethical issues related to
animal rights and environment protection campaigns. Also, increasing
number of individuals in North America and Europe are preferring to
buy organic food products irrespective of high prices.
On the basis of region, dairy-free products market
is segmented into five different regions: North America, Latin
America, Europe, Asia Pacific and MEA. Among these regions, Europe
and the U.S. is expected to have the major value share of dairy-free
products market globally, as both of these regions accounts for
relatively high consumption of dairy-free products. The Latin America
dairy-free products market is expected to grow significantly over the
forecast period, but is anticipated to account for a lower growth
rate than the APAC region, owing to a greater number of emerging
economies in APAC. In Asia Pacific region the countries like China,
Japan, India and Australia are generating the major revenue. The APAC
dairy-free products market is estimated to account for relatively
high value CAGR over the forecast period, owing to a larger consumer
base, combined with a higher number of retail outlets than any other
region.
Some of the key players in dairy-free
products market are Groupe Danone, The Hein Celestial Group, The
Whitewave Foods Company, Good Karma Foods, GraceKennedy Group, Blue
Diamond Growers, Inc., SunOpta, Inc., Oatly A.B., Vitasoy
International Holdings Limited, and Good Karma Foods, among
others.
The report offers a comprehensive evaluation of
the market. It does so via in-depth qualitative insights, historical
data, and verifiable projections about market size. The projections
featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report
serves as a repository of analysis and information for every facet of
the market, including but not limited to: Regional markets,
technology, types, and applications.
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive
primary research (through interviews, surveys, and observations of
seasoned analysts) and secondary research (which entails reputable
paid sources, trade journals, and industry body databases). The
report also features a complete qualitative and quantitative
assessment by analyzing data gathered from industry analysts and
market participants across key points in the industry’s value
chain.
A separate analysis of prevailing trends in the
parent market, macro- and micro-economic indicators, and regulations
and mandates is included under the purview of the study. By doing so,
the report projects the attractiveness of each major segment over the
forecast period.
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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Clear Details get Table of Contents
https://www.researchmoz.us/dairy-free-products-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2025-report.html#table-of-content
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