Plant-based Dairy Market A Dive from 9.1% CAGR in 2024-30| MarkNtel Advisors
MarkNtel Advisors has recently released an all-encompassing report on Plant-based Dairy market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2024-30: Revealing Plant-based Dairy Market Insights and Analysis
The Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.
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Driving Innovation: Exploring the Plant-based Dairy Market and its Growth Challenge
Global Plant-based Dairy Market Challenge:
Allergies Associated with Plant-based Dairy Substitutes Impeding Market Growth – The plant-based dairy products are made from various sources such as soybean, coconut, walnuts, almonds, hazelnuts, hemp, cashews, and peas, among others. The allergic potential of these products depends on the type of plant-based ingredients used. Consumers across the globe are allergic to various products. Allergies to nuts, soybeans, etc., are the most common food allergies seen in individuals. For Instance, in 2022, according to the Food and Drug Administration (FDA), about 3% of people worldwide suffer from tree nuts allergies, including almonds, cashews, Brazil nuts, walnuts, and others.
Moreover, tree nut allergies are responsible for around 50% of anaphylaxis-related deaths. Hence, plant-based dairy products, like soybeans, nuts, and cereals, can cause significant allergic reactions in consumers, which might restrict the consumers who are prone to allergies to opting for such products, thus hampering Plant-based Dairy Market growth in the upcoming years.
Plant-based Dairy Market: Key Players
Califia Farms LP
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Green Spot Co Ltd
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Dr Chung’s Food Co Ltd
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Marusanai Co Ltd
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Plant-based Dairy Market Segmentation Outline:
By Product Type
-Plant-based Milk
–Soy Drinks
–Almond
–Coconut
–Oat
–Rice
–Others (Blends, etc.)
-Plant-based Yoghurt
-Plant-based Cheese
-Others
By End Users
-B2B
–HoReCa
–Snacks & Savoury
–Bakery & Confectionary
-Food Service
–HoReCa
-Retail Users
By Sales Channel
-Supermarkets
-Hypermarkets
-Local Grocery Stores
-Online
-Others
By Ingredients
-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
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