Dairy Alternatives Market Size, Emerging Trends and Overview to 2024: Hexa Reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Dairy Alternatives Market Analysis, Share and Size, Trends,

Industry Growth, Overview And Segment Forecasts To 2024

Dairy alternatives market is expected to reach USD 35.06 billion by 2024, according to a new report by

Grand View Research, Inc. Dairy alternatives market is expected to witness significant growth over the

projected period owing to rising consumer awareness towards health coupled with increasing number of

lactose intolerance cases across various parts of the world. Increasing penetration of plant-based milk

such as almond milk, soy milk and, coconut milk to replace cow milk is anticipated to propel demand.

Increasing consumer preference for lactose-free food products including cheese, desserts, and snacks

are anticipated to drive demand. Rising consumer focus on the nutritional values offered by the product

such as low calories and high proteins and vitamins is likely to have a positive impact on the industry.

Furthermore, the shift of consumer base towards vegan diet owing to factors including animal rights and

environment protection are anticipated to drive demand for dairy alternatives over the forecast period.

However, high cost associated with these products as compared to dairy products is likely to hamper

industry growth.

Browse Detail Report With TOC @

http://www.hexareports.com/report/dairy-alternatives-market/details

The global dairy alternatives market has numerous players, however, is dominated by a few including

Danone, Vitasoy International, Sunopta, Earth's Own Food, and Blue Diamond Growers. These

companies are engaged in developing and launching innovative and new products to consolidate their

presence in the industry.

Hexa Reports

Market Research Reports and Insightful Company Profiles

However, growing consumer demand and rising consumer preference for high-quality products with low

costs are anticipated to open new avenues for the new players over the next...