With 12.30% CAGR, Dairy Alternatives Market Size & Share Worth Over USD 50.73 Billion by 2028 - Industry Trends, Demand, Value, Companies, Analysis & Forecast Report by Brandessence Market Research

LONDON, Sept. 26, 2022 /PRNewswire/ -- Global Dairy Alternatives Market is valued at USD 22.24 Billion in 2021 and Projection of Dairy Alternatives Market is expected to generate a revenue of USD 50.73 Billion by 2028, Globally, at 12.30% CAGR.

Increasing demand for organic foods, rising awareness regarding the health benefits of consuming plant-based dairy alternatives and growing social media marketing of plant-based dairy alternatives are some of the major factors driving the growth of the Global Dairy Alternatives Food Market.

Dairy Alternative Market: Market Scope

The global dairy alternative market is going to see a considerable amount of growth in the coming years and the growth in the market is going to come as the products which are substitutes of Dairy products are now finding a good market with the adoption at a large scale as there is awareness about the health benefits of the products. There is growing demand for the dairy free or lactose free products. The lifestyles are changing with the health awareness growing and an increase in the instances of the lactose allergies and growth in the application sectors which are growing at a rapid pace.

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Dairy Alternative Market: Competitive Analysis 

Some of the major dairy alternative companies are Danone North America Public Benefit Corporation, The Hain Celestial Group, Inc., Blue Diamond Growers, SunOpta, Sanitarium, Freedom Foods Group Limited, Eden Foods, Inc., Nutriops, S.L., Earth's Own Food Company Inc., Triballat Noyal, Valsoia S.p.A, Panos Brands, Green Spot Co., Ltd., and Hiland Dairy. The market players are working hard on removing the misconceptions regarding the alternatives and making people aware about the dairy alternative markets.

Apart From that below Key Players are also Covering:

• Follow Your Heart
• Sahmyook Foods
• Axiom Foods, Inc
• Daiya Foods Inc.
• Vbites Food, Ltd.
• Archer Daniels Midland Company
• E. I. du Pont de Nemours and Company
• The Whitewave Foods Company
• Others

Dairy Alternative Market: Key Drivers

Dairy alternative market forecast shows growth on account of the nutritional benefits like the reduced levels of cholesterol, improved cardiovascular health and control of diabetes which has created an increase in the consumption of the products. The soy milk is one such alternative which is consumed widely as a rich source of proteins and fiber. The dairy alternatives milk usually has fewer calories, lesser fat and more content of water as well as some vital minerals and vitamins. The low-fat and low carb varieties of the dairy alternatives help in the reduction of fat. These nutritional benefits contribute to the growth of the market.