Overview of the Global Plant-based Dairy Market:
Gain data-driven insights into the Global Plant-based Dairy Market Size, trends, and forecasts. This in-depth report delivers expert analysis of market drivers, segmentation, and emerging opportunities. It highlights key metrics and actionable findings in a professional, easy-to-scan format. Key statistics (market size, growth rates, share by segment) are presented up-front in bullet form for immediate impact.
Executive Summary
The Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.
Global Plant-based Dairy Market Opportunity:
Shifting Consumer Inclination Towards Veganism to open New Avenues – Veganism has seen an enormous rise in adoption in recent years, with more and more people adopting a vegan lifestyle. The rising health concerns, climate change, sustainability issues, animal welfare, etc., are the most prominent reasons influencing individuals to opt for minimal animal-derived products.
The increasing vegan population across the globe has surged the demand for dairy alternatives. As more people adopt vegan or plant-based diets for ethical, environmental, and health reasons, there is a growing demand for dairy alternatives, which is expected to create immense opportunities for the Plant-based Dairy Market in the future years.
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Plant-based Dairy Market Segmentation
Break down the market by key categories and geography. We outline major segments and provide size/share estimates for each.
-By Product Type
- Plant-based Milk
- Plant-based Yoghurt
- Plant-based Cheese
The Plant-based Milk segment is expected to hold a considerable share of the Global Plant-based Dairy Market in the forecast period, owing to the surging demand for healthy & cholesterol-free milk options among health-conscious individuals.
-By End Users
- B2B
- Food Service
- Retail Users
The B2B segment holds a major share of the Global Plant-based Dairy Market owing to rising demand for plant-based products from the bakery & confectionary industry.
-By Sales Channel
- Supermarkets
- Hypermarkets
- Local Grocery Stores
- Online
- Others
-By Ingredients
- Plant-based Acidulants
- Plant-based Botanicals
- Plant-based Carotenoids
- Vegetable Oils
- Polysaccharides & Oligosaccharides
- Plant-based Sweeteners
- Other Commodities (Water, Cereals, Juices, etc.)
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is expected to hold a significant market share in the Plant-based Dairy Market share in the forecast period owing to the increasing number of lactose intolerant population coupled with the rising health awareness among individuals. There is a considerable amount of people who suffer from lactose malabsorption and lactose intolerance in the US, Canada, and other countries across the region.
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Competitive Market Strategies: List of Largest Plant-based Dairy Companies
Analysis of the competitive landscape and company strategies. We profile leading players Business Description, Product Portfolio, Recent Developments, and list key Strategic Alliances or Partnerships approaches.
- Danone, Groupe
- Hebei Yangyuan Zhihui Beverage Co Ltd
- Cereal Base CEBA AB
- Coconut Palm Group Co Ltd
- Blue Diamond Growers
- Vitasoy International Holdings Ltd
- Wanxiang Sannong Co Ltd
- The Coca-Cola Co.
- Fujian Dali Food Co Ltd
- Kikkoman Corp
- Lactasoy Co Ltd
- Califia Farms LP
- Green Spot Co Ltd
- Dr Chung’s Food Co Ltd
- Marusanai Co Ltd
- Others
Future Market Analytics Focus Points
Look ahead to the analytics and trends shaping the industry’s future. This section suggests areas of emphasis for market analysis, such as:
- Identify Emerging Market Trends: Recognize new trends shaping industries.
- Leverage Big Data Analytics: Use data for informed decision-making strategies.
- Explore Geographic Expansion: Target growth opportunities in new areas.
- Analyze Consumer Behavior: Adapt to shifting preferences and habits.
- Emphasize Sustainability: Align strategies with ethical and sustainable practices.
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Objectives of the Study
Clearly state what the report aims to achieve. For example:
- Provide a comprehensive market overview with quantitative forecasts.
- Identify key market segments and competitive dynamics.
- Analyze trends and drivers influencing growth.
- Highlight challenges and risks, plus mitigation strategies.
- Offer actionable insights and recommendations for decision-makers.
Report Delivery Model
“Our market research report is available in multiple formats for convenience:
- Interactive PDF with rich charts and data tables.
- PowerPoint summary deck for easy presentation and sharing.
- Excel containing all research figure.
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