(EMAILWIRE.COM, November 27, 2018 ) Global Dairy Alternative Industry was valued at USD 7.08 Billion for the year 2017. Dairy Alternative Industry is further expected to grow at a CAGR of 11.16% from 2018 to reach USD 13.36 Billion by the year 2025. Asia Pacific region holds the major Industry share whereas North America region is considered as the fastest growing Industry in the forecasted period. Developed countries such as China, U.S. and other developing countries in the Asia Pacific region are further anticipated to grow at a steady pace in the next 5 years.
Major players in Dairy Alternative Industry are Whitewave Foods, Blue Diamond Growers, SunOpta Inc., The Hain Celestial Group Inc., Freedom Foods, Nutriops SL., Dhler GmbH and other 13 companies information is provided in research report. Better global reach, both at production and at an operational level is the main reason for holding this highest Industry share. New product launches and growing research and development expenditures to address changing demand of end users in recent years are driving this Industry. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive Industry opportunities for the various stakeholder in the value chain.
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SWOT Analysis of Dairy Alternative Industry
Strength
Growing cases of lactose intolerance amongst end user
Rising health consciousness has increased demand for the vegan diet
Weakness
Comparatively high price for Alternative milk types
Varying nutrient content compared to dairy milk
Opportunities
Changing lifestyle in the untapped emerging Industry pose an opportunity for producers
Consumers are showing interest in the hybrid beverages, that offer functional benefits such as bone health, high protein, energy or relaxation at a retail level
Threats
Removing the additional sugar content to enhance flavors & textures
Economical and uninterrupted Raw material supply for production
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The soy milk segment is expected to hold the maximum Industry share during the forecasted period. With the increasing popularity and easy availability of the soy milk demand for dairy alternative applications are gaining highest Industry share. Almond milk is widely popular in North America region with ~80% of production in the region.
Dairy Alternative Industry Overview By Application
Food
Beverages
By Formulation
Flavored
Sweet
Unsweetened
Non-Flavored
Sweet
Unsweetened
Dairy Alternative Industry Overview By Type
Soy Milk
Almond Milk
Rice Milk
Hemp Milk
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Dairy Alternative Industry Overview By Region
North America
USA
Canada
Europe
Germany
U.K.
France
Italy
Rest of Europe
APAC
China
India
Japan
Rest of Asia-Pacific
RoW
Latin America
Middle East & Africa
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
