NEW YORK, March 31, 2016 /PRNewswire/ -- This BCC Research report provides a comprehensive analysis of the milk alternatives industry structure. Revenue figures are provided for 2012 and 2013 and estimated for the five-year period from 2014 through 2019.
Use this report to:
Analyze each market segment and its applications, regulatory environment, technology, market projections and market shares.
Gain information on the strength and weaknesses of each type of milk alternative in light of new technologies, growing competition, and changing customer needs.
Analyze the milk-alternatives markets and the usage of those products.
Gain information on the acquisition strategies and collaborations by companies.
The global market for milk alternatives reached $5.8 billion in 2014 and should reach nearly
$10.9 billion by 2019, with a compound annual growth rate (CAGR) of 13.3% through 2019.
The soy milk category of this market reached $4.4 billion in 2014 and should reach nearly $8.0 billion by 2019, a CAGR of 12.5%.
Almond milk reached $886.8 million in 2014 and should reach $1.8 billion by 2019, a CAGR of 15.8%.
Milk is considered very nutritious and has the reputation that its consumption results in healthy bodies. However, nowadays, people are searching for alternatives to dairy products. There are many reasons for this, such as allergies, lactose intolerance and various dietary plans or restrictions. The objective of this report is to weigh up, examine and understand the market prospective of milk alternatives as an alternative for dairy beverages. The report also evaluates the advances and innovations in milk alternatives. This report explores present and future strategies within the milk-alternatives market, which includes soy milk, almond milk, rice milk, coconut milk, oat milk, hemp milk and so forth. The inventions in the market, the setbacks and the needs of the market are also discussed in this report.
A comprehensive analysis of the milk-alternatives industry structure has been conducted. Revenues are broken down by region. Sales figures are provided for 2012 and 2013 and estimated for the five-year period from 2014 through 2019.
Detailed analyses of market by formulations and market by sales channels are also discussed separately in the report. The report also covers significant patents and their allotments in each category.
REASONS FOR DOING THIS STUDY
Milk alternatives range from soy milk, almond milk, rice milk, coconut milk and other nut drinks, as well as oat drink and hemp drink, which are plant-based substitutes of milk. Detailed research in the field of milk alternatives has revealed their usage as milk substitutes. Increasing competition as well as new research and newer technologies are directing this market. The new advancements, new product launches and changing lifestyle have influenced the market to grow in the near future.
Acquisition strategies and collaborations by companies are also covered in this report. This study also discusses the strength and weaknesses of each type of milk alternatives in light of the new technologies, growing ompetition and changing customer needs.
SCOPE OF THE STUDY
A "milk alternative" is any alternative liquid that replaces milk in a diet or recipe. The scope of this study covers milk alternatives in the nondairy market. BCC Research analyzes each market and its applications, regulatory environment, technology, market projections and market shares. Technological issues include the latest trends and developments. Markets are broken down by regions, which are North America, Europe, Middle East and Africa and Asia-Pacific.
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