Dairy-Free Products Market Examines Growth Overview and Predictions On Size, Share and Trend

Industry Insights

Attributable to expanding veganism and high pervasiveness of lactose narrow mindedness among people over the globe, people have begun to decide on dairy free diets. This pattern of devouring dairy-free products is expanding among millennial attributable to moral issues related with treatment of creatures, expanding hypersensitivities to dairy products, lactose prejudice and so forth. Dairy-free products are progressively infiltrating the market, as people are getting slanted towards it either in view of direction for living or medical problems, for example, lactose narrow mindedness. Dairy-free products are thought to be a rich wellspring of strands which aides in improving gut wellbeing of a people. Dairy-free diets basically alludes to the reasonable eating regimen aside from dairy products which are supplanted with calcium braced plant based options, for example, coconut milk, almond milk, soy milk, and so forth.

Dairy-free products market is required to observe critical development over the conjecture time frame, attributable to expanding interest for dairy options among the populace over the globe. Expanding veganism among the people over the globe is driving the offers of dairy-free products market.

Dairy-free products market is segmented on the basis of nature, product type, end-use, sales channel and region.

On the basis of nature, dairy-free products market is segmented into organic and conventional. Organic segment of dairy-free products market is expected to witness relatively high growth over the forecast period, as it is assumed that organic products are more healthful as compared to conventional food products.

Dairy-free products market is further segmented on the basis of product type into beverages, yogurts, ice-creams and desserts, bakery products, cheese and butter spreads, creamers, chocolates and others. Beverages segment is further sub-segmented into milk, dairy-free kefir and others.

On the basis of end-use, dairy-free products market is segmented into household and commercial. Commercial segment is sub-segmented into HoReCa, bakery, institutional sales and others.

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Dairy-free products market is further segmented on the basis of sales channel into modern trade, convenience stores, specialty outlets, modern grocery stores, online retailing and other retailing formats. Modern trade segment is expected to exhibit relatively high value CAGR over the forecast period.

In the past few years, veganism is increasing across the globe and is expected to increase over the forecast period, leading to growth of dairy-free products market over the forecast period. In many developed regions such as Europe, Canada, the U.S., dairy-free products market is booming, owing to couple of reasons such as increasing health consciousness among individuals, high lactose intolerance and increasing per capita disposable income. Millennial demographic of the world is increasingly inclined towards vegan diets, which is a factor driving growth of dairy-free products market. Changing lifestyles, influence of social media and Internet, increasing social awareness, is also expected to drive demand for dairy-free products. Because of all these factors, people are preferring to consume dairy-free products, which is driving growth of the dairy-free products market and this is expected to continue over the forecast period.

Shifting focus of individuals towards vegan diets and vegan lifestyle is trending, owing to ethical issues related to animal rights and environment protection campaigns. Also, increasing number of individuals in North America and Europe are preferring to buy organic food products irrespective of high prices.

Some of the key players in dairy-free products market are Groupe Danone, The Hein Celestial Group, The Whitewave Foods Company, Good Karma Foods, GraceKennedy Group, Blue Diamond Growers, Inc., SunOpta, Inc., Oatly A.B., Vitasoy International Holdings Limited, and Good Karma Foods,  among others.

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