North America Dairy Alternative Market, By Product Type (Soy Milk, Almond Milk, Coconut Milk, Cashew Milk, Oat Milk, Rice Milk), Type (Inorganic, Organic), Formulation (Plain and Sweetened, Flavoured and Unsweetened, Flavoured and Sweetened, Plain and Unsweetened), Application (Food, Beverages), Nutritive (Protein, Vitamins, Carbohydrates), Distribution Channel (Supermarkets/Hypermarkets, Online, Specialized Stores), Brands (Silk, Blue Diamond, So Delicious, Califia Farms, Dream, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to 2028.
Market Analysis and Insights : North America Dairy Alternative Market
Data Bridge Market Research analyses that the North America dairy alternative market to be growing at a CAGR of 11.49% in the forecast period of 2021-2028 and is expected to reach the USD 7.57 billion by 2028.
Dairy alternative are referred to foods and beverages that can be used as substitutes for dairy products. These foods and beverages made from plants and are considered very healthy substitute for dairy products. Rice milk, soy milk, and almond milk are the most popular alternatives to dairy products globally. Due to the presence of many essential vitamins and minerals, dairy substitutes are considered healthy. Its fat and cholesterol content is also very low and its lactose content is zero.
The rise in the consumer preference for a vegan diet and increase in the number of cases of lactose intolerance and milk allergies are the major factors attributable to the growth of dairy alternative market. Also, various health benefits offered by plant-based food, growing popularity of organic milk owing to the rise in health-consciousness among consumers will influence the growth of the dairy alternative market. Furthermore, rising trend of paleo diet will drive the market growth rate.
Growth in the demand for organic food and beverages and a favourable market and correct positioning of dairy alternatives will boost the opportunities for the growth of the dairy alternative market.
However, fluctuations in the price of raw materials and allergies caused due to plant-based sources such as almonds and soy will impede the growth of the dairy alternative market. Lack of awareness among consumers and the presence of genetically modified soybeans will challenge the market growth.
This North America dairy alternative market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on North America dairy alternative market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Dairy Alternative Market Scope and Market Size
North America dairy alternative market is segmented on the basis of product type, type, formulation, application, nutritive, distribution channel and brands. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the dairy alternative market is segmented into soy milk, almond milk, coconut milk, cashew milk, oat milk and rice milk.
- On the basis of type, the dairy alternative market is segmented into inorganic and organic.
- On the basis of formulation, the dairy alternative market is segmented into plain and sweetened, flavoured and unsweetened, flavoured and sweetened, and plain and unsweetened.
- On the basis of application, the dairy alternative market is segmented into food and beverages.
- On the basis of nutritive, the dairy alternative market is segmented into protein, vitamins and carbohydrates.
- On the basis of distribution channel, the dairy alternative market is segmented into supermarkets/hypermarkets, online and specialized stores.
- On the basis of brands, the dairy alternative market is segmented into silk, blue diamond, so delicious, califia farms, dream and others.
North America Dairy Alternative Market Country Level Analysis
North America dairy alternative market is analyses and market size, volume information is provided by country, product type, type, formulation, application, nutritive, distribution channel and brands as referenced above.
The countries covered in the North America dairy alternative market report are U.S., Canada and Mexico.
US dominates the North America dairy alternative market and will continue to flourish its trend of dominance during the forecast period due to lactose intolerance and milk allergies, high disposable income, and rise in health-consciousness among consumers. Canada is expected to score the highest CAGR due to the rising demand for dairy alternatives in this region.
The country section of the North America dairy alternative market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Dairy Alternative Market Share Analysis
North America dairy alternative market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to North America dairy alternative market.
The major players covered in North America dairy alternative market report are Danone North America Public Benefit Corporation, SunOpta, PureHarvest, Kite Hill, Oalty, Blue Diamond Growers, Earth's Own Food Company Inc., PACIFIC FOODS OF OREGON, LLC., Sanitarium, Hain Celestial, and ADM, among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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