Global Dairy Alternative Market By 2018-2025| Industry Top Players The Whitewave Foods Company, Kite Hill, Oalty, Blue Diamond Growers, Earth’s Own Food Company Inc.

Global Dairy Alternative  Market latest research report offers a complete analysis of the Global Dairy Alternative  Market industry influencing driving factors, impacting trends and demand , competitive landscape and factors restraining the growth of the market.  Furthermore, our analysts aim at precisely forecasting the growth rate of the Global Dairy Alternative Market using various market sizing methodologies such as bottom-up and top-down approaches to help our clients and other enterprises gain a better understanding of the current Global Dairy Alternative Market scenario.

Major Players: Global Dairy Alternative Market

Some of the prominent participants operating in this market are

  • The Whitewave Foods Company,
  • Kite Hill,
  • Oalty,
  • Blue Diamond Growers,
  • Earth’s Own Food Company Inc.,
  • Sunopta,
  • Pureharvest,
  • Pacific Foods Of Oregon, Inc.,
  • Sanitarium,
  • Hain Celestial and Others

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Market Trends

  • On the basis of product type, the market is segmented into almond milk, soy milk, coconut milk, rice milk, oat milk, cashew milk and others
  • On the basis of type, the market is segmented into organic and inorganic
  • On the basis of formulation, the market is segmented into plain & sweetened, plain & unsweetened, flavored & sweetened, flavored & unsweetened and others.
  • On the basis of application, the market is segmented into food, beverages
  • On the basis of nutritive component, the market is segmented into protein, starch, vitamins, others
  • On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialized store, online, others

 

Drivers: Global Dairy Alternative Market

RISING CASES OF LACTOSE INTOLERANCE AMONG THE POPULATION

The cases of lactose intolerance among cow milk consumers is rising which is caused due to the shortage of enzyme lactase which breaks down the lactose into two smaller sugars called as glucose and lactose. Many people around the world are sadly say goodbye to their favourite dairy products as they have difficulty in digesting lactose. There are many factors which affect the populations to adapt and react to lactose such as genetic factors, diet, climate, and even ethnicity.

Mention below is some of the statistics related to the lactose intolerance:

  • According to McNeil Consumer Healthcare, it has been estimated that seven million Canadians suffer from lactose intolerance. Also, in North American adult’s lactose maldigestion was found in approximately 79% of Native Americans, 75% of blacks, 51% of Hispanics, and 21% of Caucasians.
  • According to Virtual Medical Centre, in 2018, prevalence of primary lactose intolerance is estimated to be 65 to 75% in African descent, 7 to 20% for people of Caucasian descent, over 90% in some Asian populations and approximately 70% in Australian Aboriginal populations.

INCREASED AWARENESS AND ACCEPTANCE OF PLANT BASED MILK

Now day’s consumers are moving towards the plant milk due to the health benefits and increasing awareness about the plant-based milk. Also, many consumers are moving away from cow’s milk due to increasing lactose intolerance and also it causes allergies in some people.

Plant-based milk are made by grinding a nut or bean and then adding water, flavors, vitamins and minerals which increases their nutritional importance in the diet. Plant-based milk offers various option to milk drinkers such as nutrition, price and preference. Many organizations are spreading the importance of plant-based milk products by conducting awareness programs.

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CHANGING DIETARY PREFERENCE OF CONSUMERS DUE TO INCREASING HEALTH CONCERNS

Global Dairy Alternative Market

Rising prevalence of lifestyle diseases such as heart diseases, obesity and stroke which is threatening the normal lives of individuals is changing individual’s lifestyle. With fast moving lifestyle people are getting more conscious about their health and are opting for optimal diet in their daily routine. though cow’s milk boast provides large amount of nutrients as it is rich in high-quality of protein, vitamins and minerals which includes calcium, phosphorus and B vitamins many consumers cannot drink due to personal preferences, dietary restrictions, allergies or intolerances and also risk of certain type of cancer and diabetes.

  • Soy Milk: it is equally equivalent to cow’s milk. It is rich in soy milk is nutritionally equivalent to cow’s milk. It’s often fortified with calcium, vitamins A and D and riboflavin. Since soy milk contains isoflavones it helps in reducing the risk of heart disease. Also, Federation of American Societies for Experimental Biology (FASEB) suggests consumption of soy in childhood as it reduces the risk of bone degradation later in life.
  • Almond milk: it contains lots of Vitamin E. Also, it contains flavonoids which help to lower the level of bad cholesterol and mains the heart health. It is also good to those who are weight conscious as almond milk has 1/3 of the calories of 2% cow’s milk.
  • Coconut milk: Coconut milk contains fiber and iron, vitamin B12 and vitamin D. Coconut milk is a good Dairy Alternative for those who are lactose intolerant, have nut allergy, or are sensitive to cow’s milk, and also for those who follow a vegan diet.
  • Rice milk: it is free from soy, gluten and nuts. It is considered as the hypoallergenic of the milk Dairy Alternative s. Also, Calorie-wise, rice milk is lighter which may be beneficial for people who are looking to lose weight.
  • Hemp milk: it is rich in iron as compared to the cow’s milk. Also, it has very high amount of omega-3 fatty acids which helps in promoting heart and brain health.

NEW PRODUCT LAUNCHES AND INNOVATIONS IN THE DAIRY ALTERNATIVE PRODUCTS

With increasing demand of dairy Alternative s, it has become important for the leading manufacturers to come with new product launch and product innovation in the diary Dairy Alternative products. For instance, after the success of almond milk in the market companies are coming up with other type of non-dairy milk products such as cashews milk, pea milk, oat milk, soya milk.

Mention below are some of the new products and innovation related to diary Dairy Alternative s.

  • In 2018, Blue Diamond Growers (U.S.) launched almond breeze in Brazil market. It is delicious and creamy Alternative to soy milk. It is lactose free, soy free and enriched with calcium.
  • In 2017, VALSOIA S.P.A (Italy) launched two almond gelato formats which is 100% dairy free product. This product named as Il Gelato auf basis von mandeln 4 ministicks and Il Gelato auf basis von mandeln 8 Sandwich.

RESTRAINTS:

3.2.1 STRINGENT REGULATION

Regulatory authorities are actively involved in various stages of manufacturing of dairy Alternative products. This is to avoid product recalls and to check the safety, efficacy, quality, quantity of raw material, contamination and purity of the products as it may affect the health of the consumers and may also lead to death.

Also, the Dairy Alternative s for fluid milk such as soy milk, rice milk, and hemp milk among others do not have any standard of identity so they must be named by their common or usual name. Although these terms are similar to milk though they are not milk-based products they violate FDA’s regulations.

3.3 OPPORTUNITIES

3.3.1 INCREASING DEMAND OF VEGAN PRODUCTS

The demand for vegan products is increasing as compared to the last years due to which number of products has increased. Vegan diet usually involves the consumption of many different types of vegetables, fruits, legumes, nuts, seeds, beans and wholegrains as it may help reduce the risk of obesity, heart disease, type 2 diabetes and some types of cancer. A vegan diet requires extra care so as to ensure your body gets adequate amount of nutrients. Mentioned below are some of the statistics for vegan population.

3.4 CHALLENGES

3.4.1 HIGH PRICE OF PRODUCTS

Cost of ingredients used in manufacturing of non-dairy Dairy Alternative s products is very high which leads to increase in the final price of products. In the manufacturing of plant-based products including almond, cashew, soy which are high price ingredient due to this reason plant-based products are costly.

3.4.2 PRODUCT RECALLS AND LEGAL SUITS FILED AGAINST FEW BRANDS

In last few years, the number of products recall in the dairy Alternative s market has increased tremendously. These product recalls may occur due various reasons such as safety, efficacy, and quantity of raw material, contamination and purity of the products as it may cause illnesses and in worst case death in consumers.

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Posted by on Friday January 18 2019, 11:15 AM EST. All trademarks acknowledged. Filed under Featured Press Release, Technology Hardware & Equipment. Comments and Trackbacks closed. Follow responses: RSS 2.0

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