Chemical Research

  The global dairy alternative market is estimated to be valued at US$ 27.0 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030. Dairy alternatives are plant-based beverages and food products that mimic dairy in various applications such as cheese, yogurt, creamers, and ice cream. They are usually derived from soy, almonds, coconuts, rice, and cashew. Dairy alternatives provide a solution to lactose intolerance and suit vegan lifestyles. The rising vegan population worldwide combined with growing awareness about the negative health impacts of dairy is boosting the demand for dairy alternative products. Key Takeaways Key players operating in the dairy alternative market are Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), SunOpta (Canada), and Sanitarium (New Zealand). Key opportunities in the market include new product development according to changing consumer preferences an...

  Dairy alternative products such as plant-based milk, yogurt, butter and cheese are gaining popularity due to the increasing health consciousness among consumers globally. These products are lactose-free and contain nutrients such as vitamins, minerals, proteins and probiotics offering several health benefits. The rising prevalence of milk allergies, lactose intolerance and veganism has boosted the demand for dairy alternatives. The global Dairy Alternative Market is estimated to be valued at US$ 27.0 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing trend of health and wellness has significantly accelerated the demand for dairy alternative products in the recent years. Consumers are increasingly opting for plant-based dairy products for various health reasons such as weight management, digestive issues and heart health. Plant-based milk mad...