DAIRY ALTERNATIVE MARKET ANALYSIS

Market Challenges And Opportunities

Availability of low-fat conventional milk & low cholesterol milk and high cost of dairy alternative milk products are some of the restraints for the growth of global dairy alternatives market.

Soy milk accounts for a maximum market share in global dairy alternatives market as it is widely used in refreshment drinks. Dairy alternatives are used in beverages such as energy drink and mixed fruit drink that are being popularly consumed. Thus, the high demand in beverages industry is expected to drive the dairy alternatives market during the forecast period.

In Asia Pacific, increase in number of dairy-allergic consumers is expected to boost the revenue of the dairy alternatives market. Increasing demand for lactose-free food products and consumer preference toward nutritional food are also projected to fuel the market growth. The nutritional value of animal milk is same as that of plant-based milk.

In addition to lactose-free, dairy alternatives are also sources of amino acids, fibers, and vitamin B, which are essential for human body, hence dairy alternatives market is expected to witness an exponential growth over the forecast period.