The Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Plant-based Dairy Market Driver:
Cholesterol-free & Fat-free Properties to Propel Plant-based Dairy Products’ Demand – The rise in various lifestyle-related diseases, such as obesity, heart disease, diabetes, etc., has reached epidemic proportions in many parts of the world. These health issues, along with the threat of new & emerging diseases have driven people to be more proactive about their health. Moreover, a significant portion of the global population is suffering from one or another disease, driving consumers to adopt healthier lifestyles. For Instance,
In 2022, according to the WHO (World Health Organisation), more than 1 billion people across the globe were obese, and it was estimated that by 2025, approximately 167 million people, including children & adults, will be less healthy due to obesity.
Owing to such rising health concerns, consumers are seeking food options that contain lower amounts of saturated fats and provide more nutrition to maintain a healthy & balanced lifestyle. They are actively looking for food products that are claimed to be cholesterol-free and fat-free. Plant-based dairy products are low in saturated fats and offer cholesterol-free properties leading to their higher consumption which is expected to drive the growth of the Plant-based Dairy Market in the forecast period.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Plant-based Dairy Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Product Type- Market Size & Forecast 2019-2030, USD Million
- Plant-based Milk
- Soy Drinks
- Almond
- Coconut
- Oat
- Rice
- Others (Blends, etc.)
- Plant-based Yoghurt
- Plant-based Cheese
- Others
- Plant-based Milk
- By End Users- Market Size & Forecast 2019-2030, USD Million
- B2B
- HoReCa
- Snacks & Savoury
- Bakery & Confectionary
- Food Service
- HoReCa
- Retail Users
- B2B
- By Sales Channel- Market Size & Forecast 2019-2030, USD Million
- Supermarkets
- Hypermarkets
- Local Grocery Stores
- Online
- Others
- By Ingredients- Market Size & Forecast 2019-2030, USD Million
- Plant-based Acidulants
- Plant-based Botanicals
- Plant-based Carotenoids
- Vegetable Oils
- Polysaccharides & Oligosaccharides
- Plant-based Sweeteners
- Other Commodities (Water, Cereals, Juices, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Danone, Groupe, Hebei Yangyuan Zhihui Beverage Co Ltd, Cereal Base CEBA AB, Coconut Palm Group Co Ltd, Blue Diamond Growers, Vitasoy International Holdings Ltd, Wanxiang Sannong Co Ltd, The Coca-Cola Co., Fujian Dali Food Co Ltd, Kikkoman Corp, Lactasoy Co Ltd, Califia Farms LP, Green Spot Co Ltd, Dr Chung’s Food Co Ltd, Marusanai Co Ltd, Others. are looking forward to strengthening their market positions.
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