The global Dairy Alternative Market Growth Accelerated by Rising Health Consciousness
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...