Dairy alternatives market from coconut is expected to register over 10% CAGR up to 2025

As per a recent industry report put forward by Global Market Insights Inc., Dairy Alternatives Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 37.5 billion by 2025 with a projected CAGR of 10% over 2019-2025.

Shifting consumer inclination toward vegan items owing to the rising health awareness will drive dairy alternatives market growth. Health conscious people have registered increased demand for flavored milks such as almond, soy, coconut, oats, hemp, and rice to improve their mineral and vitamin uptake. Manufactures are working to develop new flavors in plant-based ice-creams and frozen yogurts to gain a competitive edge, thereby contributing to a surge in dairy alternatives industry size.

Easy accessibility to raw materials due to substantial augmentation in manufacturing supplemented with low initial investments for startups have been resulting in an amplified competitive scenario in dairy alternatives market. As per SOPA, soy production globally has improved from almost 320 million metric tons in the year 2014 to about 361 million metric tons in the year 2018. Also, according to USDA, almond production worldwide has raised from about 1,069 thousand metric tons in 2014 to 1,285 thousand metric tons in 2018.

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Major factors such as enhanced product flavor and taste and growing distribution network are likely to fuel dairy alternatives industry share growth in the times to come. The dairy alternatives market trends have also been influenced with the launch of latest products based on hemp, oats, almonds, and rice. For example, in January 2019, Oatly has reportedly announced that it will develop its oat-based ice-cream by unveiling new flavors. Moreover, hemp-based dairy alternatives industry have been earning traction significantly. Hemp-based dairy alternatives are also readily available in Europe and North America.

Almond-based dairy alternatives market share is likely to experience fastest CAGR at about 8.5% over 2019-2025. Increasing production of almonds to cater to the expanding demand and simultaneously intensifying consumer awareness concerning health advantages are impelling almond-based dairy alternatives industry size growth. Furthermore, almond milk offers benefits including greater daily suggested value for vitamin E and vitamin D, reduced cholesterol levels, and low-calorie content which will also help to expand dairy alternatives industry outlook.

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Unsweetened dairy alternatives market forecast is anticipated to be rather positive through 2025. There has been an increase in the health conscious customer base worldwide on account of extensive knowledge that consumers have, pertaining to the usage of sweeteners, particularly in Europe and North America. The knowhow about the use of sweeteners will help consumers shift their preference to unsweetened items. A recent dairy alternatives market forecast report has predicted that unsweetened dairy alternatives industry trends will appreciably in the times to come, owing to increased sales of unsweetened items.

In 2018, dairy alternatives market from mainstream stores held considerable share. Development of hypermarkets and supermarkets in emerging countries will push the growth graph of dairy alternatives market size. People are preferring take-home options in developed economies which will also fuel dairy alternatives market trends from the segment. Furthermore, mainstream stores provide high discounts and accessibility to purchase multiple products will drive dairy alternatives industry share over the times to come.

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A prominent Asia Pacific dairy alternatives market forecast claims that the industry size is predicted to observe the fastest growth at over 10% CAGR over 2019-2025, led by countries including India, China, Indonesia, and Japan. Lifestyle transformations towards healthy living and increasing consumer expenditures have also been fueling dairy alternatives industry share in the region. Soy-based dairy alternatives market is responsible for holding almost 65% of APAC industry share due to increasing soybean production in India and China.

The global dairy alternatives industry share is likely to get spurt with a lot of regional and multinational companies such as Blue Diamond Growers, Danone, Valsoia S.P.A, Freedom Foods, Hain Celestial Group, Sunopta, and Pacific Foods. According to Global Market Insights Inc., dairy alternatives market size is predicted to surpass revenue valuation of $37.5 billion by the year 2025.

Partial Chapter of the Table of Content:

Chapter 1.  Methodology and Scope

1.1.    Research methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2.    Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.  Executive Summary

2.1.    Dairy alternatives market 3600 synopsis, 2013 –2025

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Application trends

2.1.4. Formulation trends

2.1.5. Sales channel trends

2.1.6. Regional trends

Chapter 3.    Dairy Alternatives Industry Insights

3.1.    Industry segmentation

3.2.    Industry landscape, 2013 –2025

3.3.    Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Manufacturer

3.3.3. End-user

3.3.4. Distribution channel analysis

3.3.5. Profit margin trends

3.3.6. Vendor matrix

3.4.    Technology landscape

3.4.1. Production process

3.4.2. Key patents

3.5.    Global dairy alternatives industry outlook

3.5.1. Industry trends

3.5.2. Application insights

3.5.3. Driving forces and key requirement

3.6.    Regulatory landscape

3.7.    Consumer buying behavior

3.8. Pricing analysis

3.8.1. Regional pricing

3.8.2. Cost structure analysis

3.9. Industry impact forces

3.9.1. Growth drivers, by region

3.9.2. Industry pitfalls & challenges

3.10.   Innovation & sustainability

3.10.1. New product launches

3.11.   Growth potential analysis, 2018

3.12.    Porter's analysis

3.13.    Competitive landscape, 2018

3.14.   PESTEL analysis

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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