Dairy substitutes are foods and drinks that can be utilized in place of dairy. These plant-based foods and drinks are thought to be an improved alternative to dairy. Soy milk, rice milk, and almond milk are some of the most common dairy alternatives across the world. Due to the availability of a variability of important vitamins and minerals, dairy alternatives are measured safe. They’re also low in fat and cholesterol, and lactose-free. Dairy Alternatives have obtained a lot of traction in both the mature and emerging markets. This is owing to an augment in the number of individuals who are allergic to dairy. Furthermore, growing health consciousness and disposable income have assisted the growth of the dairy alternatives sector.
According to the report analysis, ‘Global Dairy Alternatives Market ; Segmented By Source (Soy, Almond, Coconut, Rice, Oats and Others); By Distribution Channel (Convenience Stores, Hypermarkets & Supermarkets, E-commerce platforms and Other); By Product (Milk, Yogurt, Ice Cream, Cheese, Creamers and Other); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030’ states that over the forecast duration, the effective growth in milk allergies and lactose intolerance cases are expected to fuel requirement for dairy alternatives even further. As a result, dairy substitutes are being utilized in an augmenting the number of food and beverage products to cater to the increasing the number of consumers who prefer plant-based and other dairy alternatives.
The requirement for dairy alternatives has accelerated owing to the increasing number of lactose-intolerant and dairy-allergic consumers. Milk and several other dairy foods such as ice cream, cheese, and yogurt contain lactose, which is the major carbohydrate. Abdominal discomfort, diarrhea, nausea, stomach distension, flatulence, and constipation are some of the signs of lactose intolerance. As customers become more conscious of healthy eating habits, the growing number of these allergies motivates the consumption of dairy alternatives. As a result, requirement for a variety of dairy alternatives, such as plant-based non-dairy products such as milk, ice creams, creamers, and cheese, is augmenting among the consumers.
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Global Dairy Alternatives market is segmented based on regional analysis into five foremost regions. These entail North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Dairy Alternatives in Asia Pacific controlled the largest market share during the year 2020. The Asia Pacific region’s requirement for the commodity is projected to augment as the population of underdeveloped countries such as India, China, and Japan augment and disposable incomes augment. Growth in the cases of lactose intolerance, combined with augmenting health concerns about harmful additives utilized in dairy products, are anticipated to propel demand for non-dairy alternatives such as soy milk, almond milk, rice milk, and several other dairy substitutes. Therefore, it is predicted that during the near period the market of dairy alternatives will augment more progressively over the review duration.
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