The global dairy alternative market is driven by a rising avoidance of milk products in Europe owing to health-related reasons and the growing aversion to saturated fat consumption among the consumers. In Europe, animal cruelty and animal rights issues are the major reasons for the avoidance of traditional dairy products. The United States of America is another major dairy alternative market where dairy alternatives are expected to represent 40% of the dairy industry by 2021. While American consumers prefer almond milk, soymilk leads the overall market. Soymilk represented nearly 50% of the global market and had the largest sales in 2017 as compared to other products in the market. However, in the coming years, almond milk is expected to become the fastest-growing segment in the industry.
In January 2019, Nestlé (OTCMKTS: NSRGY) launched dairy alternative Natural Bliss creamers in the United States. Nestlé USA’s Coffee-Mate Natural Bliss array of creamers answers the growing demand for plant-based products by the consumers. The blend, Natural Bliss Half and Half, contains a mixture of almond milk and coconut cream. It is available two variants, i.e., vanilla and unsweetened. Alongside these, a new oat milk creamer has also been launched as a part of the brand, made with cane sugar, real oat milk, and natural vanilla flavour. This product is being marketed by the company as a great non-dairy option for consumers with dietary restrictions who still want to have a simple yet rich addition to their beverage.
Market Analysis by Source, Formulation, Application, Distribution Channel, and Region:
Key Findings of The Report:
Key Offerings of the Report:
Kite Hill, Kerry Inc., Califia Farms, Ripple Foods Inc., Nestle, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, Dean Foods, The Döhler Group, SunOpta Inc., The WhiteWave Foods Company, The Hain Celestial Plant Based Milk, and Daiya Foods Inc, among others, are key players in the global dairy alternative market as identified by EMR. The comprehensive report covers their market share, capacities, and latest developments like mergers and acquisitions, and capacity expansions.
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"Global Dairy Alternative Market: By Source: Soy, Almond, Coconut, Rice, Oats, Hemp; By Formulation: Plain, Flavoured; By Application: Milk, Ice Creams, Yoghurt, Cheese, Creamers; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Health Stores, Online Retailers; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Value Chain Analysis; Cost Analysis; Competitive Landscape"
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