LONDON, May 31, 2016 /PRNewswire/ -- Dairy Alternatives (Beverage) include Milk which is processed through grains, nuts and seeds. Unlike the regular dairy beverages they have low cholesterol and low fat content. Dairy alternatives have been a boon for people who are lactose intolerant, have milk related allergies and high cholesterol issues as they lack animal protein like Casein. Heightened consumer awareness has led many vegans to opt for such products as they are concerned about growth related hormones and antibiotics found in the animals' milk processed by dairy industry. The dairy alternatives industry is estimated to grow at a CAGR of 14.7% from 2015 to 2020, owing to tremendous demand in the market.
The rise in demand for lactose free products has led the manufacturers to offer different varieties of flavors and packaging in the dairy alternatives segment. Soy and Almond milk dominate the dairy alternatives market though Almond, Coconut, Oat and Cashew Milk exhibit higher growth than others.
The prominent players in this report are:
The WhiteWave Foods Company (U.S.)
Hain Celestial Group (U.S.)
Blue Diamond Growers Inc (U.S.)
Pure Harvest (Australia) and others.
Dairy alternatives can be availed at supermarkets, convenience stores, health food stores and pharmacies in many formulations such as plain, flavored, sugar free and with sugar.
Global Dairy alternative (beverage) market is segmented in the report by type (almond, soy, coconut, oat, cashewnut, rice, hemp), formulation (plain, flavored, sweetened, unsweetened), channel (supermarket, health store, pharmacy and convenience store), shelf life (refrigerated and shelf life stable) & geography.
The report contains the most detailed and in-depth segmentation and analysis of the global dairy alternative (beverage) market for the period 2014 - 2020.
Download the full report: https://www.reportbuyer.com/product/3493214/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dairy-alternative-beverage-market-by-type-almond-soy-coconut-cashew-nut-oat-rice-hemp-by-formulation-plain-flavored-sweetened-and-non-sweetened-by-channel-super-markets-health-food-stores-convenience-stores-and-300277499.html