Dairy alternatives drinks: Key market research findings
- Rising preference among overweight populace
- Growing consumption of almond milk
Technavio has released a new market research report on the global dairy alternatives drinks market, which is expected to grow at a CAGR of around 15% between 2015 and 2019. Health issues such as lactose intolerance, milk allergy, and the genetic disorder such as Phenylketonuria can be resolved by taking dairy alternative beverages as these are plant based milk and are free from animal proteins. APAC is the largest market for dairy alternative drinks, accounting for around 45% of the overall market share. The high demand for dairy alternative beverages coupled with the increasing number of people with dairy allergies is expected to drive the market growth in this region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Dairy-alternative drinks when fortified with calcium and minerals fuel the metabolism in body, hence are considered as a complement to a weight-loss plan. These drinks are a convenient way to satisfy hunger while getting the vitamins and nutrients the body needs. Vendors are coming up with various calorie-burning, and fat-burning drinks in the market, targeting overweight consumers,” says Vijay Sarathi, Lead Analyst, Food & Beverages, Technavio Research.
Almond milk is the most preferred alternative drink, occupying around 38% of the overall market share. Almond milk is a good source of unsaturated fats, is rich in proteins and omega fatty acids, and is derived from natural almond oils. It helps in improving vision, strengthens the bone, maintains cardiovascular health, building strong muscles, aids in controlling the blood pressure, and can also be used as a substitute for breast milk.
The leading players in the global dairy alternatives drinks market include Blue Diamond Growers, Earth’s Own Food, Freedom Foods, Living Harvest Foods, Pure Harvest, Eden Foods, and Organic Valley. This market is fragmented with small and large vendors. The manufacturers of the products compete on the basis of added health benefits, product differentiation, category extension, and innovation in product and pricing. The competition in the market is expected to intensify further during the forecast period due to the introduction of new product developments.
A more detailed analysis is available in the Technavio report, Global Dairy Alternatives Drinks Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Dairy Alternative Beverages Market 2014-2018
- Dairy Products Market in China 2015-2019
- Dairy Food Market in GCC Countries 2015-2019
- Global Dairy Food Market 2014-2018
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