United Kingdom Dairy Alternatives Market 2024-2032
According to IMARC Group's report titled "United Kingdom Dairy Alternatives Market Report by Product Type (Cheese, Creamers, Yogurt, Ice Creams, Milk, and Others), Source (Almond, Soy, Oats, Hemp, Coconut, Rice, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032", the report presents a thorough review featuring the market share, growth, share, trends, and research of the industry.
How Big is the United Kingdom Dairy Alternatives Industry ?
The dairy alternatives market in United Kingdom was valued at USD 1.0 Billion in 2023 and is projected to grow to USD 3.3 Billion by 2032, with an expected compound annual growth rate (CAGR) of 13.70% from 2024 to 2032.
United Kingdom Dairy Alternatives Market Trends:
The UK market for dairy alternatives is on the rise due to, first, changing health and environmental attitudes. The growing population with lactose intolerance and other dairy allergies has stoked the need for vegan, nut, and plant milks and milk products. What is changing also is the movement towards veganism and flexitarianism as it relates to ethics and sustainability of dairy farming.
It is time to mention also the expanding interest to functional beverages fortified with vitamins and minerals that in a way pushed consumers to look for substitutes for regular dairy. Governments initiating measures aimed at supporting sustainable development and improving the taste and texture of dairy substitutes due to progress in food processing also boost demand for these substitutes.
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United Kingdom Dairy Alternatives Market Scope and Growth Analysis:
The UK dairy alternatives market offers a wide variety of plant-based products, which include soy, almond, oat and coconut derived milk, yogurt, cheeses and cream. The development of the market is positively affected by the introduction of new products such as fortified and diet specific high-protein and sugar-free products. In addition to this, the growing popularity of organic and non-GMO foods has further enhanced the expansion of the market's milieu.
There is also an increasing trend in retail, where supermarkets and online services are allocating more shelf space for plant-based dairy alternatives, which makes them more accessible to consumers. There is a very solid demand for such products in both urban and rural market as changing dietary patterns and social networks are influencing demand for the dairy substitutes. Subsequently however there is an increasing emphasis on environmentally sustainable lifestyles which makes us believe this UK dairy substitutes market will continue its growth trend as intensified impetus for product change and evolution continuing across all areas.
United Kingdom Dairy Alternatives Market Forecast and Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest United Kingdom dairy alternatives market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
Product Type Insights:
- Cheese
- Creamers
- Yogurt
- Ice Creams
- Milk
- Others
Source Insights:
- Almond
- Soy
- Oats
- Hemp
- Coconut
- Rice
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Regional Insights:
- London
- South East
- North West
- East of England
- South West
- Scotland
- West Midlands
- Yorkshire and The Humber
- East Midlands
- Others
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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