Gradual Shift in People's Preferences Towards the Lactose-free Products will be the Future Catalyst for Dairy Alternatives Market in North America: Ken Research
North America Dairy Alternatives Market News
GURUGRAM, India, June 21, 2022 /PRNewswire/ --
Key Findings
- Rising consumers' environmental concerns which are positively influencing an increase in the adoption of dairy alternatives in North America.
- The rising health awareness among consumers, notably those who are unable to digest lactose, has resulted in an increase in the consumption of lactose-free products as they typically help in the absorption of calcium which benefits in building and repairing muscle tissue/cells.
· The many nutritional benefits offered by the plant-based dairy alternatives is helping these to an increase in their acceptance among many health-conscious individuals and is driving the growth of the market.
Rising Consumers' Environmental Concerns Across Countries: Rising consumers' environmental concerns are positively influencing an increase in the adoption of dairy alternatives in North America. Dairy alternatives typically use less land, water to produce vegan milks, and has lower carbon emissions which helps in mitigating the effects of global warming and improve the air quality. As per available data, livestock accounts for nearly 15% of global greenhouse gas emissions, with the dairy industry holding the largest share.
Rising Prevalence of Lactose Intolerance: The rising health awareness among consumers, notably those who are unable to digest lactose, has resulted in an increase in the consumption of lactose-free products as they typically help in the absorption of calcium which benefits in building and repairing muscle tissue/cells. As per available data, in the U.S., the volume of value-added milks, including lactose-free, non-dairy milk, and organic milk increased ~15% in 2021 compared to the prior year, while traditional milk volumes declined by ~7%.
Nutritional Benefits offered by the Plant-Based Dairy Alternatives: Plant-based dairy alternatives typically contain components, such as dietary fibers, unsaturated fatty acids, minerals, vitamins, and antioxidants, which help in minimizing a variety of health issues. Dairy-alternative milks typically have fewer calories, less fat (except for coconut-based milk), more water content for better hydration, less protein (except soy), and some are equipped with additional vitamins and nutrients. Plant-based milks are ideal for someone who is vegan, lactose intolerant, allergic to milk, suffering from cardiovascular dysfunctions, or following their cholesterol intake for such reasons. All these benefits are helping the market to grow as more and more people are shifting to these products.
Analysts at Ken Research in their latest publication "North America Dairy Alternatives Market Outlook and Forecast to 2027 - Driven by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives: Ken Research" believe that the Dairy Alternatives market is expected to grow due to the many nutritional benefits offered by these products, rising lactose intolerance among people and increased awareness among consumers for these types of products.
Key Segments Covered in North America Dairy Alternatives Market:-
North America Dairy Alternatives Market By Source
- Soy
- Almond
- Oats
- Coconut
North America Dairy Alternatives Market By Application
- Milk
- Cheese
- Yoghurt
- Ice Creams
North America Dairy Alternatives Market By Formulation
- Plain
- Flavored
North America Dairy Alternatives Market By Type of End User Industry
- Food & Beverages
- Nutraceuticals, Health and Wellness
- FMCG
North America Dairy Alternatives Market By Geography and Major Countries
- U.S.
- Canada
- Mexico
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzky
Key Target Audience:-
- Non-Dairy Products Manufacturers
- Vegan Dairy Products Manufacturers
- Lactose-Free Products Manufacturers
- Raw Material Suppliers for Non-Dairy Products
- Potential Investors in Plant-Based/Vegan Food and Beverages
- Plant-based Food & Beverages Distributors
- Dairy Alternatives Advocacy Groups
Time Period Captured in the Report:-
- Historical Period: 2017-2021
- Forecast Period: 2022-2027F
Major Dairy Alternatives Product Companies in North America Mentioned in the Report:-
- Danone
- SunOpta Inc.
- Blue Diamond
- Daiya Foods Inc.
- Oatly Inc.
- Sahmyook Food
- Earth's Own Food Company Inc.
- Pacific Foods of Oregon, LLC.
- Eden Foods Inc.
- Kite Hill
Notable Emerging Dairy Alternatives Product Companies in North America Mentioned in the Report:-
- Miyoko's Creamery
- Betterland Foods
- New Culture
- Nuts for Cheese
- Bettermoo(d)
- BetterMilk Inc.
- Heartbest
- Sigma Alimentos
Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTYyNzky
Key Topics Covered in the Report:-
- Snapshot of North America Dairy Alternatives Industry
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of North America Dairy Alternatives Market
- Historic Growth of Overall North America Dairy Alternatives Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter's 5 Forces Analysis of North America Dairy Alternatives Industry
- Overview, Product Offerings and SWOT Analysis of All the Key Competitors
- Covid 19 Impact on the Overall North America Dairy Alternatives Market
- Future Market Forecast and Growth Rates of the Total North America Dairy Alternatives Market and by Segments
- Market Size of End User Industries with Historical CAGR and Future Forecasts
- Analysis of North America Dairy Alternatives Market in Major North American Countries
- PESTLE Analysis and Major Production / Consumption Hubs in the Major Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging North America Dairy Alternatives Companies within Each Major Country
- Vegan Foods Market
- Veganism Market Sales
- Plant-Based Foods Market
- Plant-Based Milk Market
- Milk-Derived Products Market
- Lactose-Free Market
- Lactose Intolerance Market
- Dairy Alternatives Health Benefits
- Dairy Alternatives Sources
- Milk Substitutes Market
- Plant-Based Milk Market
- Food and Agricultural Organization (FAO)
- U.S. Dairy Export Council (USDEC)
- American Gastroenterological Association
- Plant-Based Dairy Flavor and Formulation Trends
- Trends in Dairy Industry
- Environmental Benefits of Dairy Alternatives
- Latest Technologies and Methods in Dairy-Free Products
- Gastrointestinal and Diabetic Diseases
- Organic Food and Beverages
- Food Supplements Market
- Dietary Supplements Market
- Traditional Milk Vs Dairy-Free Milk
- Nutrition Value in Dairy-Free Products
- Beneficial Functions of Plant-Based Beverages
- Low-Sugar and Low-Calorie Beverages Market
- Low-Sugar and Low-Calorie Products Market
- Organic Dairy Alternatives Market
- Organic Dairy-Free Products Market
- Plant-Based Sources Market
- Dairy Milk Substitute Market
- Flavored Dairy-Free Products Market
- Flavored Dairy Alternatives Market
- Flavored Plant-Based Beverages Market
- Flavored Vegan Milk Products Market
For More Information on the research report, refer to below link:-
North America Dairy Alternatives Market
Related Reports:-
Indonesia dairy food market grew at a volatile growth rate over the review period 2013-2019 and was further supported by an increase in health awareness among the consumers, the introduction of new product/flavor variants in the dairy market, affordable pricing, and others. Expansion of large scale integrated dairy farms in Q4'2017 led to an increase in fresh milk production from 633 million litres in 2017 to 659 litres in the year 2018. Dairy processing industry used 601 million liters in 2017 for a variety of products including pasteurized / UHT Liquid Milk, Powdered Milk, Yoghurt, Butter, and Cheese. The entry of several foreign players has also contributed towards the same coupled with the growing snacking trend in the country. Smaller or single-serve primary packaging products saw increasing demand and remained more popular and common in yoghurt than large or family-sized formats.
The milk processing industry in Somalia was small compared to the huge amount of milk produced every year as liquid milk was preferred by the households. However, the country's milk industry collapsed in the year 2017 when a devastating drought killed an estimated 6.4 million cows, camels and goats. In pastoral areas, the impact of the drought on livestock has led to a lack of access to milk thereby increasing the consumption of milk powder. Most of the demand-supply gaps of liquid milk requirements for urban consumers were met by importing dry milk powders from countries such as Middle East and Europe. The market showcased a volatile growth trajectory. Milk Powder revenue attained a year on year growth during 2014-2019 along with double digit CAGR of 12.5% in terms of Sales Value. The presence of numerous small and large manufacturers who compete in terms of prices and quality are driving the growth. Furthermore, initiatives by the government regarding the quality standard is increasing the sales.
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
Share this article