Market Overview: Plant-based Dairy Market FY24-30

This reports provides an essential and dependable overview of the Global Plant-based Dairy Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

The Global 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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Global Plant-based Dairy Market Driver:

Cholesterol-free & Fat-free Properties to Propel Plant-based Dairy Products’ Demand – The rise in various lifestyle-related diseases, such as obesity, heart disease, diabetes, etc., has reached epidemic proportions in many parts of the world. These health issues, along with the threat of new & emerging diseases have driven people to be more proactive about their health. Moreover, a significant portion of the global population is suffering from one or another disease, driving consumers to adopt healthier lifestyles. For Instance,

In 2022, according to the WHO (World Health Organisation), more than 1 billion people across the globe were obese, and it was estimated that by 2025, approximately 167 million people, including children & adults, will be less healthy due to obesity.

Owing to such rising health concerns, consumers are seeking food options that contain lower amounts of saturated fats and provide more nutrition to maintain a healthy & balanced lifestyle. They are actively looking for food products that are claimed to be cholesterol-free and fat-free. Plant-based dairy products are low in saturated fats and offer cholesterol-free properties leading to their higher consumption which is expected to drive the growth of the Plant-based Dairy Market in the forecast period.

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This segment delves into the futuristic outlook of the Plant-based Dairy Market, offering insights for competitors and investors regarding the industry’s anticipated growth. For a better understanding of what could be briefed in this section, please review the summary:

Plant-based Dairy Market Segmentation Analysis – FY24-30

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Plant-based Dairy Market (2024-30). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Plant-based Dairy Market segmentation is enlisted below:

By Product Type- Market Size & Forecast 2019-2030, USD Million

• Plant-based Milk
• Plant-based Yoghurt
• Plant-based Cheese
• Others

The Plant-based Milk segment is expected to hold a considerable share of the Global Plant-based Dairy Market in the forecast period, owing to the surging demand for healthy & cholesterol-free milk options among health-conscious individuals.

By End Users- Market Size & Forecast 2019-2030, USD Million

• B2B
• Food Service
• Retail Users

The B2B segment holds a major share of the Global Plant-based Dairy Market owing to rising demand for plant-based products from the bakery & confectionary industry. Plant-based dairy products, such as cheese, creams, milk, etc.

By Sales Channel- Market Size & Forecast 2019-2030, USD Million

• Supermarkets
• Hypermarkets
• Local Grocery Stores
• Online
• Others

By Ingredients- Market Size & Forecast 2019-2030, USD Million

• 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

North America is expected to hold a significant market share in the Plant-based Dairy Market share in the forecast period owing to the increasing number of lactose intolerant population coupled with the rising health awareness among individuals.

Plant-based Dairy Market Competitive Landscape

The competitive landscape of a Plant-based Dairy market involves an extensive analysis of the competitive dynamics within the industry. It comprises assessing key players, rising competitors, their strategies, and the overall competitive structure within the market.

Essential characteristics of the competitive landscape typically encompass:

• Dominant Market Players: Well-established companies or organizations holding substantial market share, boast strong brand recognition, and often offer diverse products or services. They set industry benchmarks and trends.
• Rising Challengers: Newcomers or startups gaining momentum in the market are discussed in this section. These entities might introduce innovative solutions, target niche segments, or challenge established norms with fresh approaches.
• Market Strategies: This includes strategies used by companies to gain an edge. It encompasses technological innovations, customer-centric approaches, pricing strategies, and market positioning.
• Shifting Patterns: This involves analyzing technological advancements, shifts in consumer behavior, and emerging market needs.
• Forthcoming Outlooks: This entails predicting the impact of emerging players, technological advancements, and evolving market demands.
• Collaborative Ventures:  This includes joint ventures, mergers, acquisitions, or partnerships aimed at leveraging strengths and resources.

Let us know the Key Companies of the Plant-based Dairy Market:

Danone, Groupe, Hebei Yangyuan Zhihui Beverage Co Ltd, Cereal Base CEBA AB, Coconut Palm Group Co Ltd, Blue Diamond Growers, Vitasoy International Holdings Ltd, Wanxiang Sannong Co Ltd, The Coca-Cola Co., Fujian Dali Food Co Ltd, Kikkoman Corp, Lactasoy Co Ltd, Califia Farms LP, Green Spot Co Ltd, Dr Chung’s Food Co Ltd, Marusanai Co Ltd, Others.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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