The global dairy alternatives 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 alternatives 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 2020, Nestlé (OTCMKTS: NSRGY) launched dairy alternatives 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.
Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods PBC, SunOpta Inc., Nestle S.A, Kite Hill, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, SunOpta, Inc., Daiya Foods Inc., Others are key players in the global dairy alternatives 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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