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All About Benefits Of Dairy Alternative And Their Uses

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nidhi
All About Benefits Of Dairy Alternative And Their Uses

The Dairy Alternatives Market size was valued at $13,198.4 million in 2020 and is estimated to reach $ 55,450.9million by 2031, registering a CAGR of 13.9% from 2022 to 2031. In 2020, the Asia-Pacific region accounted for more than 45.4% share in the global market and is expected to grow at a CAGR of 14.5% throughout the forecast period.China is one of the prominent regionsin the countries that accounted for asizeableshare of the totalmarket in 2020.


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Key Companies Included:

The key players in the dairy alternatives industry profiled in the report are WhiteWave Foods Company, Blue Diamond Growers, SunOpta Inc., Earth’s Own Food Inc., Living Harvest Foods Inc., Kikkoman Corporation, Rebel Kitchen, Organic Valley, Panos Brands LLC, The Hain Celestial Group Inc., and Eden Foods Inc


Key Findings of Study:

  • The dairy alternatives market was valued at $13,198.4 million in 2020 and is estimated to reach $ 55,450.9 million by 2031, growing at a CAGR of 13.9% through the forecast period.
  • Based on source, the almond segment is expected to witness the fastest growth, registering a CAGR of 14.6% during the forecast period.
  • In 2020, based on application, the beverage segment held the highest share, accounting for more than half of the global market share.
  • In 2020, China was the most prominent market in the Asia-Pacific region and is expected to grow at a significant CAGR throughout the forecast period.
  • Asia-Pacific was the dominant region in 2020, accounting for more the two-fifth of the dairy alternatives market share.


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The dairy alternatives market is segmented on the basis of source, application, distribution channel, and region. By source, market is categorized into four segments, which include soy, almond, rice, and other sources. By application, the market is segmented as food which includes spread, creamer, yogurt, tofu and others; beverages which includes dairy alternative milk, dairy-free probiotic drinks and others. Large retail, small retail, specialty store and online are the segmentations by distribution channel. Regionally, the market is classified into North America, Europe, Asia-Pacific, and LAMEA.


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