NEW YORK, Nov. 18, 2021 /PRNewswire/ -- The dairy free market size is set to grow by USD 11.12 bn from 2020 to 2025 at a CAGR of 10.27%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Dairy Free Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the dairy free market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Blue Diamond Growers, Campbell Soup Co., COYO Pty Ltd., Danone SA, Dohler GmbH, Nestle SA, Sanitarium Health Food Co., SunOpta Inc., Valsoia Spa, and Vitasoy International Holdings Ltd.
The growing consumer preference for a vegan diet; rising cases of lactose intolerance and milk allergies; and concerns over hormones, pesticides, and antibiotics will offer immense growth opportunities. However, allergies associated with plant-based sources, such as soy and almonds, will hamper the market growth.
Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on geography, the dairy free market has been segmented into five regions, namely APAC, North America, Europe, South America, and MEA. According to our research, 48% of the market's growth will originate from APAC during the forecast period. China and Japan are the key countries for the dairy free market in APAC. The region has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Moreover, the rising cases of lactose intolerance and milk allergies will facilitate the dairy free market growth in APAC during the forecast period.
Dairy Free Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist dairy free market growth during the next five years
Estimation of the dairy free market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the dairy free market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of dairy free market vendors
Dairy Alternatives Market: The dairy alternatives market has been segmented by product (beverages-based dairy alternatives and food-based dairy alternatives) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
Tofu Market: The tofu market has been segmented by product (processed and unprocessed) and Geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report
Dairy Free Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 10.27%
Market growth 2021-2025
USD 11.12 billion
YoY growth (%)
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 48%
Key consumer countries
US, China, Japan, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Blue Diamond Growers, Campbell Soup Co., COYO Pty Ltd., Danone SA, Dohler GmbH, Nestle SA, Sanitarium Health Food Co., SunOpta Inc., Valsoia Spa, and Vitasoy International Holdings Ltd.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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