Food and Beverages Industry Reports

Tuesday, 4 July 2023

Canned Meat Market Growth, Opportunities and Forecast To 2028 | JBS; Hormel Foods Corp.; Tyson Foods, Inc.; Wild Planet Foods; Bolton Group

The global Canned Meat Market size is anticipated to reach USD 16.24 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.2% from 2021 to 2028. The growing popularity of processed food and increasing per capita spending along with rapid urbanization are expected to fuel the product demand across the world. The poultry segment accounted for the largest meat-type segment in the global market in 2020. The growing consumption of poultry meat across the world is expected to fuel the segment growth. Global poultry meat consumption in 2019 accounted for 128.7 million tons and reached 131.2 million tons in 2020. Canning has become a well-known technique for preserving meat that enables superior dispersion of meat supply throughout the year.

The supermarket & hypermarket distribution channel segment accounted for the maximum revenue share in 2020. With the young and metropolitan populace growing significantly across the world, product distribution through supermarkets and hypermarkets is expected to increase. The growing product distribution through online retailing channels is also expected to fuel the market growth. North America emerged as the largest regional market in 2020. The regional market is driven by the dynamic and fast-paced lifestyle of consumers, credited to rapid urbanization. In addition, advancements in food processing and increasing consumption of ready-to-eat (RTE) food in the region are expected to drive the product demand.

List of Key Players of Canned Meat Market

JBS
Hormel Foods Corp.
Tyson Foods, Inc.
Wild Planet Foods
Bolton Group
Vion Food Group
Mundella Foods
Campbell Soup Company
Smithfield Foods
Valleyfresh Global

Related Press Release@ Canned Meat Market Report

Canned Meat Market Report Highlights

The poultry meat segment accounted for the maximum revenue share of the global market in 2020 on account of the increased poultry meat production across the world
In terms of distribution channel, the supermarket & hypermarket segment accounted for the highest revenue share in 2020
On the other hand, the online distribution channel segment is estimated to register the fastest CAGR from 2021 to 2028
North America held the largest revenue share of over 32% in 2020 due to significant developments in the region pertaining to the food processing sector
The market is largely fragmented with both domestic and international players sharing the space
Product innovations, new launches, investments, and expansion emerged as the key strategies deployed by the majority of the market players to stay abreast of the competition

Canned Meat Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 13.94 billion
Revenue forecast in 2028	USD 16.24 billion
Growth rate	CAGR of 2.2% from 2021 to 2028
Base year for estimation	2020
Historical data	2016 - 2019
Forecast period	2021 - 2028

Related Reports @

Canned Seafood Market

Canned Mushroom Market

Canned Meat Market Segmentation

Grand View Research has segmented the global canned meat market based on meat type, distribution channel, and region:

Canned Meat Type Outlook (Revenue, USD Million, 2016 - 2028)

Beef
Seafood
Poultry
Pork
Others

Canned Meat Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

Supermarket & Hypermarket
Specialty Store
Online
Others

Canned Meat Regional Outlook (Revenue, USD Million, 2016 - 2028)

North America

U.S.

Europe

Germany
U.K.
France

Asia Pacific

China
Japan
India

Central & South America

Brazil

Middle East & Africa

South Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Butter Market Size Worth $ 61.94 Billion By 2028 | CAGR: 2.6%

The global Butter Market size is expected to reach USD 61.94 billion by 2028, registering a CAGR of 2.6% from 2022 to 2028, according to a new report by Grand View Research, Inc. The increasing demand and changing consumer preferences for milk products are major drivers of the global market growth. Moreover, the expansion of the fast-food industry is anticipated to propel the growth of the global butter market. Butter is increasingly being used as an ingredient in fast and junk food preparation and frying. Butter contributes significantly to the taste of the food, making it more flavorful. In the culinary world, the sensory characteristics of the butter are the main factor driving the consumption and fondness. Butter exhibits more desired and rich flavor to the food, as well as other flavors also enhance.

The COVID-19 pandemic impacted the global food and foodservice industry for a short duration. Across the globe, governments imposed lockdowns and restrictions to tackle the increasing rate of infection. This significantly affected the supply chain of the raw materials as the majority of the milk suppliers are mainly small farm owners. These small farm owners were unable to transport collected milk and/or store it successfully due to a lack of facility. This subsequently affected the global production and selling of butter, declining the market growth. However, the market is expected to witness promising growth over the forecast period, owing to the relaxed restrictions and resumed market activities.

By product, the uncultured butter segment is expected to grow with the fastest growth rate, a CAGR of 2.9% from 2022 to 2028. Uncultured butter is an excellent choice for baking purposes as it has a neutral flavor and does not alter the flavor profile. The increasing consumption of bakery and confectionery products is expected to drive the demand for the uncultured butter segment and propel the market growth over the forecast period. Moreover, the growing popularity and demand for this product in North America is accelerating the market growth.

By distribution channel, the online segment is expected to grow with the highest CAGR of 3.5% in the global market over the forecast period. The growth of online distribution channels is attributed to the emergence of new online platforms and e-commerce portals for grocery items. For instance, as reported in May 2020, various startups are gaining popularity in the European market. Also, as reported on 7^th July 2020, Uber launched an online grocery delivery service. The company partnered with Cornershop, an on-demand grocery delivery service, and is offering grocery delivery services in South America and Canada, which can be availed through both Uber and Uber Eats App. The company is also planning expansion to new regions.

The Asia Pacific accounted for the largest market revenue share in the global market in 2021. In the global butter market, Asia Pacific recorded around 45% market revenue share in 2021. This is significantly attributed to the huge consumer base and higher consumption of butter through bakeries, confectionery, and other food products, as well as through direct consumption. The higher population of the region, mostly contributed by China, and India is credited for the higher consumer demand. Moreover, the region is expected to grow with the highest CAGR owing to the increasing disposable income and rising population.

Related Press Release@ Butter Market Report

List of Key Players in Butter Market

Lactalis International
Fonterra Co-operative Group
Ornua Co-operative Limited
Organic Valley
Dairy Farmers of America, Inc.
Amul Dairy
Meadow Foods Ltd.
Arla Foods amba
MS Iceland Dairies
Müller

Butter Market Report Highlights

Europe is expected to register the highest growth rate, a CAGR of 2.9% over the forecast period. Increasing production of bakery products and rising demand for butter in the region is expected to drive the market growth
Cultured segment is expected to witness the fastest growth with a CAGR of 2.7% over the forecast period due to the growing popularity of dairy products
Offline channel held the largest market revenue share in 2021, contributing more than 80% to the global butter market. This is attributed to the higher consumer preference and the majority of the retailer opting for the offline channels

Butter Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 52.59 billion
Revenue forecast in 2028	USD 61.94 billion
Growth Rate	CAGR of 2.6% from 2022 to 2028
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2028

Related Reports@

Shea Butter Market

Clarified Butter Market

Butter Market Segmentation

Grand View Research has segmented the global butter market based on products, distribution channel, and region:

Butter Product Outlook (Revenue, USD Million, 2017 - 2028)

Cultured Butter
Uncultured Butter
Others

Butter Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

Offline
Online

Butter Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America

U.S.

Europe

Germany
U.K.
France

Asia Pacific

China
India
Japan

Central & South America

Brazil

Middle East & Africa

South Africa

A2 Milk Market Size Worth $7.92 Billion By 2028 | CAGR: 18.3%

The global A2 Milk Market size is expected to reach USD 7.92 billion by 2028, registering a compound annual growth rate (CAGR) of 18.3% during the forecast period, according to a new report by Grand View Research, Inc. The increasing per capita income, so consumers spending more on A2 milk products, increasing awareness about the nutritional awareness, and increasing research activities to develop new products are driving the market. Moreover, increasing population and rising disposable income are contributing to the growth of the market. However, the high cost of A2 milk as compared to conventional milk is further projected to hinder the market growth during the forecast period.

The demand for consumer foods & beverages has slightly increased due to the growing demand for dairy-based products in the COVID-19 pandemic. Protein Keto and a2 milk beverages had gained traction during the COVID-19 era to fulfill the demand for nutritious ingredients. The increased focus on maintaining physical fitness has played a major role in the market's growth during the COVID-19 era.

The powder segment is expected to expand with the highest CAGR of 18.9% from 2022 to 2028. The market is mainly driven, owing to the growing application of powder-based A2 milk in confectionery, baked desserts, and salty products in the food & bakery industry. Moreover, the powder-based A2 milk comprises low moisture, thus increasing durability and further increasing the shelf life.

The cartons segment contributed the largest share of over 60% in the global A2 milk market in 2021. The market is mainly driven due to the significant application of caron packaging in transportation due to safer and more convenient for storing food as cartons packaging protect and offers longer durability of the product. Moreover, the bottle segment is projected to grow significantly during the forecast period, owing to the rising demand for convenient packaging solutions in the beverages industry across the globe. Manufacturers are preferring the process to enhance the shelf life of the product, which, in turn, will drive the industry demand.

The online segment is expected to register the fastest growth during the forecast years, with a CAGR of 19.2% from 2022 to 2028. This growth is owing to the increased focus of milk providers on adopting technologically advanced e-commerce technology to raise the sales of seafood products. The dairy products companies prefer door-step delivery with minimal tenure by using the online sales platform. Consumers easily track the orders of dairy products by using e-commerce web applications.

Asia Pacific dominated the A2 milk market revenue and accounted for the largest revenue share of over 50% in 2021 and is expected to expand with a CAGR of 18.7% from 2022 to 2028. The rising awareness in China and India to maintain sustainable health is driving the market growth. The growing adoption of the product to beat diseases such as diabetes is further estimated to drive the business growth during the forecast period. A significant growth rate in the region is mainly anticipated due to the increasing product awareness in countries such as India, China, Japan, South Korea, etc. Increasing disposable income and changing lifestyles in the region are significantly driving the demand for A2 milk in the region.

List of Key Players of A2 Milk Market

Vinamilk
Freedom Foods Group Limited
Erden Creamery Private Limited
Lion Dairy & Drinks
Vrindavan Dairy Farm
KESARIYA FARM PRIVATE LIMITED
SIDS FARM PRIVATE LIMITED
Happy Milk
GCMMF
The a2 Milk Company Limited

Related Press Release@ A2 Milk Market Report

A2 Milk Market Report Highlights

Asia Pacific dominated the market and accounted for the largest revenue share of over 50% in 2021 and is expected to expand with a CAGR of 18.7% from 2022 to 2028. This market contribution is attributed to the popularity of the milk as the best healthy for all the age groups citizens
The powder segment is expected to expand with the highest CAGR of 18.9% from 2022 to 2028. With the increasing demand for powder for various applications, such as confectionery, baked desserts, and salty products from the industry
The cartons segment held the largest market share of over 60% in the global A2 milk market in 2021. Carton packaging is safer and more convenient for storing food as carton packaging protects and offers longer durability of product content into it
The online segment is expected to register the fastest growth during the forecast years, with a CAGR of 19.2% from 2022 to 2028. The growing usage of online shopping portals and mobile apps is getting popular due to their simplicity and convenience

A2 Milk Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 2.89 billion
Revenue forecast in 2028	USD 7.92 billion
Growth Rate	CAGR of 18.3% from 2022 to 2028
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2028

Related Reports@

Oat Milk Market

Goat Milk Products Market

A2 Milk Market Segmentation

Grand View Research has segmented the global A2 milk market based on products, packaging, distribution channels, and region:

A2 Milk Product Outlook (Revenue, USD Million, 2017 - 2028)

Liquid
Powder

A2 Milk Packaging Outlook (Revenue, USD Million, 2017 - 2028)

Cartons
Bottles
Others

A2 Milk Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

Supermarket & Hypermarket
Convenience Stores
Online
Others

A2 Milk Regional Outlook (Revenue, USD Million, 2017 - 2028)

North America

U.S.

Europe

Germany
U.K.

Asia Pacific

China
Australia & New Zealand
India

Central & South America

Brazil

Middle East & Africa

Thursday, 15 September 2022

Kombucha Market by GT’s Living Food; København Kombucha; Remedy Drinks; GO Kombucha; Læsk; Lo Bros.; VIGO KOMBUCHA

The global Kombucha Market size is expected to reach USD 9.70 billion by 2030, according to a new report by Grand View Research, Inc. Furthermore, the market is expected to expand at a 15.6% CAGR from 2022 to 2030. The market has reported rapid growth in recent years and has caught consumers’ attention recently, as kombucha is considered to be a functional beverage. Growing consumer awareness of functional beverages has escalated the demand for kombucha. The product has grown into a commercial product in the U.S. and several companies are producing it, and the variety of kombuchas is increasing rapidly.

Kombucha has gained immense popularity in recent times due to various associated health benefits. The therapeutic effects of this beverage are thought to be derived from its chemical composition, mainly the polyphenols and secondary metabolites, which are produced during fermentation. Kombucha is considered a potential beverage and has replaced the consumption of carbonated beverages due to its possession of health benefits and therapeutic properties. The product has gained popularity in the U.S., China, Russia, Germany, and the Middle Eastern countries, and is produced on a large scale for consumption.

The conventional kombucha segment accounted for the dominant share of the global revenue in 2021. The growing availability of conventional kombucha in flavors of fruits and herbs, such as ginger, lemon, blueberry, raspberry, strawberry, lime, mint, and mango, is driving the product demand. With the current trend of growing cannabidiol (CBD) application in the U.S. food industry, some market players are launching CBD-infused kombucha in the market, thus driving the product demand.

The off-trade segment is expected to grow with a higher CAGR during the forecast period. Several brands are using proprietary filtration and encapsulation technologies that allow probiotic bacteria to survive pasteurization and survive at room temperatures, to make it suitable for kombucha to be kept on non-refrigerated shelves in supermarkets. These technologies are being employed by non-alcoholic (less than 5% alcohol) and alcoholic kombuchas like Flying Embers to make products sustain for a more extended period.

The market for kombucha is highly competitive and dominated by large multinational manufacturing companies. These companies face intense competition, especially from the top players in the kombucha industry, as they have a large consumer base, strong brand recognition, and vast distribution networks.

Related Press Release@ Kombucha Market Report

Kombucha Market Report Highlights

North America held the largest regional share and is expected to advance at a CAGR of 15.9% through 2030, as regional consumers are consuming kombucha in order to boost immunity, increase energy, improve gastrointestinal (GI), joint health & liver functions, and lower blood pressure and cholesterol
The hard kombucha segment is expected to advance at a higher CAGR during the forecast period, as they are preferred by consumers who enjoy non-alcoholic beverages such as premium crafted cocktails with low-ABV content
The on-trade segment accounted for a larger share of the global revenue in 2021, owing to the increasing consumption of kombucha in classic cocktails through premium bars, cafés, restaurants, and hotels

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 28 March 2022

Protein Supplements Market by Glanbia plc, MusclePharm, Abbott, CytoSport, Inc.

The global Protein Supplements Market size is expected to reach USD 42.81 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2030. The growing number of fitness centers on account of rising millennials’ interest in health and wellness is expected to drive the market over the forecast period. The protein supplement manufacturing companies are primarily concentrated in Europe and North America owing to the abundant availability of raw materials. A higher rate of obesity in these regions is leading the consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the demand for protein supplements over the forecast period.

Protein supplement manufacturing requires high capital investments owing to the complex manufacturing process. The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (USDA) have laid regulations on product labeling and health claims, which challenges the new players in the global market. The established players are continuously working on increasing their production capacity to match the growing demand. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S. and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate in plant-based protein supplements. In March 2020, The Hut.com, which goes with the brand ‘My Protein’, launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. Similarly, in February 2020, InnovoPro launched chickpea protein concentrate for the ready-to-drink formula for vegan athletes.

The unprecedented outbreak of the COVID-19 pandemic has benefitted the market for protein supplements as consumers became more aware of the diet and individual health during this period. Additionally, the Chinese Center for Disease Control and Prevention (CDC) has issued nutrition guidelines, which includes a recommendation of the intake of approximately 150-200 grams of protein per day (around 1.5-2.0g /kg body weight/day) for patients affected by COVID-19 to boost immunity, thus resulting in the increased consumption of protein supplements.

Related Press Release@ Protein Supplements Market Report

Protein Supplements Market Report Highlights

By product, protein powder dominated the market in 2021. Increasing demand for protein powder from professional athletes, bodybuilders, and fitness enthusiasts is expected to drive the product demand over the forecast period
Based on the source, animal-based protein supplements led the market with a revenue share of over 65.0% in 2021. The segment includes meat and dairy proteins, which are considered complete protein owing to the presence of all essential amino acids
In terms of distribution channels, online stores held the largest revenue share in 2021 owing to the higher consumer preference for online shopping and developing e-commerce businesses around the world
The functional food application segment is expected to expand at a CAGR of 8.1% from 2021 to 2030 owing to the growing consumer awareness regarding balanced nutrition, which is expected to drive the demand for protein supplements in the functional food application
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period on account of the rising disposable income levels and growing health-conscious population in the countries, like China, India, Japan, and South Korea

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Monday, 31 August 2020

Gluten-free Pizza Crust Market Trends and Growth Drivers and Opportunities

The global Gluten-Free Pizza Crust Market size is anticipated to reach USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increase in the impact of western culture and rise in disposable income are some of the factors for the growth of the market. Rise in the number of pizza outlets may lead to the market growth in the upcoming years.

Growing awareness related to health among people and increase in the prevalence of celiac diseases are expected to be the major factors driving the market for gluten-free pizza crust. It was surveyed that 1 in 20 Americans are diagnosed with gluten sensitivity, which may cause severe health problems. It is essential to make changes in the diets and food habits in order to decrease the occurrence of celiac disease. Thus, the bakery industry manufacturers have been developing different gluten-free pizza crust products. Pizza consumption is maximum in regions like North America and Europe.

North America held the largest share and generated a revenue of USD 692.7 million in 2018. The growth of market is attributed to rising awareness among consumers related to the benefits of having no gluten in the pizza crust products. Many innovative and new flavor products are launched, which may lead to the market growth.

For instance, in 2018,Schwan's Consumer Brands, Inc. launched two new and innovative flavors of Freschetta Gluten Free Pizza during an awareness program related to celiac diseases. Tuscan style chicken and spinach and roasted mushroom ae the tow new flavors that make people not to change their taste due to different health conditions. This Freschetta Gluten-free Crust has been certified by the National Celiac Association for providing unique flavors, while considering health of people.

Asia Pacific is the fastest growing region, expanding at a CAGR of 7.1% during the forecast period. India has over half of the population that is beneath the age of 30 and is known to have the most significant young generation, thereafter China, Indonesia, and U.S. Young population may be the reason for the growth of the market during the forecast period.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/gluten-free-pizza-crust-market

Further key findings from the report suggest:

By product, the conventional segment held more than 65.0% share of overall revenue in 2018. The organic segment is anticipated to ascend at a CAGR of 6.9% over the forecast period
Based on end use, the retail segment was valued at USD 713.2 million in 2018 and is projected to exhibit high growth in the next few years
U.S. emerged as the biggest consumer of gluten-free pizza crust in 2018 and is expected to witness significant growth over the forecast period
The gluten-free pizza crust market is highly competitive with the leading players including Udi's Gluten Free, Glutino, King Arthur Flour, Namaste Foods, Nu Life Market, Bob's Red Mill, Cup4Cup, and Vicolo
North America dominated the global market in 2018, accounting for 35.0% share of the global revenue. This trend is projected to continue over the next few years
Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

About Us:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Dairy Alternatives Market Trends, Research, Analysis, Key Players, Scope and Outlook Report

The global Dairy Alternatives Market size is expected to reach USD 41.06 billion by 2025 at a 16.7% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing occurrence of milk allergies among consumers is likely to be a key factor driving the market.

Increasing popularity of almond milk, owing to high protein, fiber, lipids, and energy content, is projected to drive its demand. Better taste and texture offered by almond milk as opposed to its counterparts is likely to offer a competitive advantage for the product over the forecast period. Furthermore, almond milk helps regulate blood pressure and offers benefits to heart, kidney, and skin, which is likely to increase its popularity over the coming years.

The most common non-dairy product consumed in the market is soy milk, which was also the largest product segment in 2017, accounting for over 63.0% of the total market. Soy milk contains isoflavones, which reduce the risk of breast cancer and heart diseases, and is likely to gain popularity, especially among women and elderly consumers.

Going forth, growing demand for plain unsweetened dairy alternatives for food and beverage applications is likely to have a positive impact on industry growth over the projected period.

Request a sample copy or view summary of this report@
https://www.grandviewresearch.com/industry-analysis/dairy-alternatives-market

Further key findings from the report suggest:

By product, the soy milk segment is projected to ascend at a CAGR of 15.8% in terms of revenue over the forecast period
On the basis of application, beverages dominated the dairy alternatives with a global revenue share of over 58.0% in 2017
Plain dairy alternatives are a key segment in the industry and the segment is projected to expand at a CAGR of over 15.0% from 2018 to 2025, in terms of volume
Changing dietary habits of consumers have led to growing acceptance of vegan diet, which, in turn, is likely to have a positive impact on market demand over the next few years
Asia Pacific dominated the industry and accounted for over 50.0% of the market in 2017. According to the National Institutes of Health, over 80% of the population in Southeast Asia suffers from lactose intolerance. As a result, demand for dairy alternative products to replace cow’s milk is likely to have a positive impact on industry growth
The dairy alternatives market is highly diversified as players are expanding their product portfolio and production capacity to serve the growing demand, particularly in emerging regions
Some of the key companies in the industry are Archer Daniels Midland Company; Hain Celestial Group, Inc.; Daiya Foods Inc.; WhiteWave Foods Company; Nutriops SL; SunOpta Inc.; and Earth’s Own Food Company.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com