North America Dairy Alternatives Market Analysis and Forecasts 2018 – 2023

The North America dairy alternative market recorded a revenue of USD 2.19 billion in 2016 and is expected to grow at a CAGR of 9.5% during the forecast period (2018 – 2023). The increasing demand for healthy products and the support received from the government and health associations is driving the market.

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Increasing Lactose Intolerance
Owing to increasing lactose intolerance among the North American consumers, the market for dairy alternatives has been gaining popularity over the past years. As of 2014, 74% of Native Americans were lactose intolerant. This is increasing the applications of dairy alternatives in a wide variety of food and beverages available in the market. Due to various health benefits associated with it, a large number of people are switching towards dairy alternatives, leading to a growth in dairy alternative beverages.

North American dairy market exhibits a slower growth rate owing to the weak domestic demand for dairy products and growing attraction towards dairy alternatives and lactose free products. The nutritional value of soy milk, almond milk and rice milk serve as a convenient and healthful alternative compared to dairy based milk targeting the health conscious consumers. Hemp milk is one of those greatest source of Omega-3 fats which is well-digested and contains ten essential amino acids. Soy milk is the best alternative among various dairy alternatives, especially for children’s consumption.

Soy Milk dominates the dairy alternatives market
Soy milk has the largest market for dairy alternative beverages in North America, but faces a tough competition from other dairy alternative beverages such as almond milk, and rice milk. Rice, hazelnut, and hemp milk are also growing in the dairy alternative market as they have high calcium content and other nutritional benefits similar to that of soy milk. Soy and almond milk are the most preferred milk alternatives in the U.S. The retail sales of almond milk and coconut milk grew by 46% and 35% respectively in past five years.

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New product innovations along with consumer’s changing preferences in experimenting with different varieties could be one of those contributing factors which is driving the market. Thus, major players are investing in innovation with natural sweeteners and new flavors and supporting stronger growth of the market.

Major companies: WHITEWAVE FOODS COMPANY, HAIN CELESTIAL GROUP, BLUE DIAMOND GROWERS Inc. , DAIYA FOODS Inc., PANOS BRANDS Llc, EDEN FOODS Inc, SUNOPTA Inc, NUTRIOPS S.L.

Reasons to purchase this report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.

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Customization of the Report
Value chain analysis
Consumer behavior analysis in country level

Companies Mentioned:
Whitewave Foods Company
Hain Celestial Group
Blue Diamond Growers Inc.
Daiya Foods Inc.
Panos Brands Llc
Eden Foods Inc
Sunopta Inc

Fuchs Petrolub SE,
JXTG Nippon Oil & Energy Corporation,
9.9 Valvoline Inc.,
LukOil,
PETRONAS Lubricants International,
PT Pertamina,
Gazpromneft – Lubricants, Ltd.,
Indian Oil Corp. Ltd.,
Phillips 66 Lubricants,
Gulf Oil Corporation Limited,
Hindustan Petroleum Corp. Ltd.,
Idemitsu Kosan Co., Ltd,
Petrobras,
Illinois Tool Works Inc. (ITW),
Tide Water Oil Co. (India) Ltd (Veedol International Ltd.),
Motul,
Petrofer Chemie H R Fischer GmbH + Co. KG,
Repsol,
SK Lubricants Co. Ltd.,
Bharat Petroleum Corp. Ltd.,
BASF SE,
Eni SpA,
Amsoil Inc.,
Bechem,
Blaser Swisslube AG,
Caltex Australia Group,
Klüber Lubrication,
China National Petroleum Corp. (Petrochina)

Table of Content

Introduction
1.1 Research methodology
1.2 Market Definition
Key Findings
Market Overview
3.1 Introduction
3.2 Market Dynamics
3.3 Drivers
3.3.1 Increase in lactose Intolerance and milk allergy
3.3.2 Nutritional values of plant based dairy alternatives
3.3.3 Changed lifestyle causing obesity and gastrointestinal problems
3.4 Restraints
3.4.1 High pricing of dairy alternatives as compared to dairy based products
3.4.2 Lack of protein and cross contamination of raw materials
3.5 Opportunities
3.5.1 Innovative marketing practices and creating awareness
3.5.2 Increasing demand from developing countries
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining power of Suppliers
3.6.2 Bargaining power of Buyers
3.6.3 Degree of Competition
3.6.4 Threat of Substitution
3.6.5 Threat of new entrants
Market Segmentation
4.1 Dairy Aletrnatives Market , By type
4.1.1 Soy Milk
4.1.2 Almond Milk
4.1.3 Coconut Milk
4.1.4 Rice Milk
4.1.5 Others ( hemp milk ,oat milk , cashew milk , hazelnut milk)
4.2 Dairy Alternatives Market , By Application
4.2.1 Food
4.2.2 Beverages
4.3 Dairy Alternatives Market, By Formulation
4.3.1 Sweetened Products
4.3.1.1 Plain Formulation
4.3.1.2 Flavored Formulation
4.3.2 Unsweetened Products
4.3.2.1 Plain Formulation
4.3.2.2 Flavored Formulation
4.4 Dairy Alternatives Market, By sales channel
4.4.1 Super Markets
4.4.2 Convenience Store
4.4.3 Pharmacies
4.4.4 Health Food Stores
4.4.5 others ( online stores , big chains consumption such as starbucks , dunkin donuts)
4.5 Dairy Alternatives Market ,By Region
4.5.1 North America
4.5.1.1 U.S.
4.5.1.2 Canada
4.5.1.3 Mexico
4.5.1.4 Others
Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
Company Profiles
6.1 Daiya Foods Inc.
6.2 Earth’s Own Food Company Inc.
6.3 Panos Brands LLC.
6.4 Eden Foods Inc.
6.5 Freedom Foods Group Ltd.
6.6 Blue Diamond Growers Inc.
6.7 The Hain Celestial Group Inc.
6.8 The WhiteWave Foods Company
6.9 Sanitarium Health & Wellbeing Company
6.10 Sunopta Inc.
6.11 Archer Daniels Midland Company
6.12 Nutriops S.L.
Appendix
7.1 Disclaimer
7.2 Source

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Posted by Rahul Jadhav on Friday May 11 2018, 5:43 AM EST. All trademarks acknowledged. Filed under Uncategorized. Comments and Trackbacks closed. Follow responses: RSS 2.0