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Download Free sampleThe global Dairy Alternatives market was valued at 1324.56 Million USD in 2021 and will grow with a CAGR of 11.02% from 2021 to 2027, based on Research newly published report.
The prime objective of Dairy Alternatives Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Dairy Alternatives Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
The soy milk segment, on the basis of type, accounted for the largest market share in 2017. The dominance of this segment is mainly driven by the surplus soy milk varieties in terms of flavors, blends, fat content, and formulations offered by leading dairy alternative manufacturers. It is also coupled with the increasing awareness about the nutritional benefits of soy-based products, and easy availability of convenient & healthy dairy-free soy milk. The almond milk segment, on the basis of type, accounted for the second-largest share in 2017 owing to its health benefits as well as easy availability of raw materials. The food application of the dairy alternatives market holds the largest market share due to the usage of plant-based ingredients in applications such as cheese, creamer, yogurt, pudding, and ice cream.
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