(I-BusinessNews.Com, September 16, 2019 ) Market Overview:
Dairy consumption is undergoing a revolution as a rapidly growing number of consumers switch to dairy-free milk alternatives. Dairy Alternatives are a rising trend, which can serve as an alternative to the fat and cholesterol-rich cow milk’s products and in places, where cow’s milk supply is insufficient.
Market Dynamics:
The increasing trend of almond milk sales in the US can be attributed to:
• Consumer valuing “back-to-basics” food with attributes such as “all-natural,” “no artificial color or flavors” and “made from vegetables or fruits.”
• Dietary restrictions like lactose intolerance with dairy milk and concerns over hormones (plant estrogen or iso-flavones) found in soy milk.
Market Segmentation:
By Type
• Almond Milk
• Soy Milk
• Coconut Milk
• Cashew Milk
• Others
By Application
• Milk
• Beverages
• Frozen dessert
• Yogurt
• Others
By Formulation Type
• Original & Sweetened
• Original & Unsweetened
• Flavoured & Sweetened
• Flavoured & Unsweetened
Geographical Analysis:
Based on Geography, the market is segmented into:
• North America
• Europe
• South America
• Asia Pacific
• The Middle East and Africa
Competitive Analysis:
Key Players:
• Blue Diamond Growers
• Earth’s Own Food Company, Inc.
• Valsoia
• Triballat Noyal
• The Whitewave Foods Company
• Sunopta Inc.
• Others
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