Precision Business Insights has published a report on the global plant based dairy market, estimating its value at USD 15,488 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/plant-based-dairy-market
The Plant-Based Dairy Market is an industry that focuses on dairy replacements created from plant-based materials such nuts, seeds, grains, and legumes. These goods look and taste like typical dairy products like milk, cheese, butter, yogurt, and ice cream, but they are lactose-free, vegan-friendly, and sustainable.
Drivers:
- Rising Veganism and Flexitarian Diets – More consumers are shifting towards plant-based diets due to ethical, environmental, and health concerns.
- Expanding Distribution Channels – The availability of plant-based dairy products is increasing through supermarkets, online platforms, and food service providers.
The global plant based dairy market segmentation:
1) By Product Type: Plant-Based Milk (Soy Drinks, Almond, Coconut, Oat, Rice, and Others (Blends, Etc.), Plant-Based Yoghurt, Plant-Based Cheese, and Others
2) By End-Users: Retail/Household, Food Services Industry, and Food & Beverage Industry
3) By Distribution Channel: Supermarkets, Hypermarkets, Local Grocery Stores, and Online
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Regional Overview:
The report also examines the current concerns and their Future Effects on the plant based dairy market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the plant based dairy market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Organic Valley, Oatly AB, Blue Diamond Growers Inc, Groupe Danone, Alt Co, SunOpta, Ripple Foods, Freedom Foods Group Limited, The Hershey Company, Earth’s Own Food Company, Goya Foods, Living Harvest Foods Inc.
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