Plant-based Dairy Market Analysis and Forecast, 2024-2030

MarkNtel Advisors has released a research report on the Plant-based Dairy Market Size, Share, Analysis, Research, Report 2030. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Plant-based Dairy Market Insights:

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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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.

Leading Companies Operating in the Plant-based Dairy Industry:

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 Categorization:

The Plant-based Dairy Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

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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Frequently Asked Questions (FAQs)

How are cost and profit estimations evolving within the Plant-based Dairy Industry?
How do factors such as supply and consumption contribute to the industry landscape?
How do import and export considerations influence the dynamics of the Plant-based Dairy Industry?
Which technological advancements are expected to influence the future of the Plant-based Dairy Market?
Who are the prominent players featured in the Plant-based Dairy Market research report?
What are the projected valuations in USD, and what is the CAGR for the forecasted years?

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