In-Depth Analysis of the Global Plant-based Dairy Market: 2024-2030 Forecasts
According to the latest findings by MarkNtel Advisors, 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. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Plant-based Dairy Market, the report offers insights into recent developments and presents an overview of the market landscape.
Plant-based Dairy Market Segmentation Analysis:
Our research report meticulously explores the Plant-based Dairy Market, breaking it down into these key segments: By Product Type (Plant-based Milk, Soy Drinks, Almond, Coconut, Oat, Rice, Others (Blends, etc.)], Plant-based Yoghurt, Plant-based Cheese, Others), By End Users (B2B [HoReCa, Snacks & Savoury, Bakery & Confectionary], Food Service [HoReCa], Retail Users), 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.]). Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.
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Geographical Coverage:
Our research report on the Plant-based Dairy Market offers comprehensive coverage across different regions, including North America, South America, Europe, The Middle East & Africa, Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.
Global Plant-based Dairy Market Driver:
Cholesterol-free & Fat-free Properties to Propel Plant-based Dairy Products’ Demand – The rise in various lifestyle-related diseases, such as obesity, heart disease, diabetes, etc., has reached epidemic proportions in many parts of the world. These health issues, along with the threat of new & emerging diseases have driven people to be more proactive about their health. Moreover, a significant portion of the global population is suffering from one or another disease, driving consumers to adopt healthier lifestyles. For Instance,
- In 2022, according to the WHO (World Health Organisation), more than 1 billion people across the globe were obese, and it was estimated that by 2025, approximately 167 million people, including children & adults, will be less healthy due to obesity.
Owing to such rising health concerns, consumers are seeking food options that contain lower amounts of saturated fats and provide more nutrition to maintain a healthy & balanced lifestyle. They are actively looking for food products that are claimed to be cholesterol-free and fat-free. Plant-based dairy products are low in saturated fats and offer cholesterol-free properties leading to their higher consumption which is expected to drive the growth of the Plant-based Dairy Market in the forecast period.
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Competitive Landscape of Plant-based Dairy Market
The Plant-based Dairy market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a global reach exert significant influence over the Plant-based Dairy market, and it is anticipated that several international players will expand their global presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:
- 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
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Common Queries:
- What is the current trajectory of cost and profit estimations in the Plant-based Dairy Industry?
- How do factors like supply and consumption shape the landscape of the industry?
- In what ways do import and export considerations impact the dynamics of the Plant-based Dairy Industry?
- Which technological advancements are anticipated to shape the future of the Plant-based Dairy Market?
- Who are the noteworthy players highlighted in the Plant-based Dairy Market research report?
- What are the anticipated USD valuations and the CAGR for the forecasted years?
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