North America Dairy Alternatives market by Enduser industry
The North America Nutraceuticals and Health & Wellness Industry is expected to grow at positive CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. The ongoing covid-19 pandemic has accelerated the demand for health products, particularly immunity-boosting food and beverages, bolstering Nutraceutical and Health & Wellness industry growth significantly. Additionally, this rising consumer demand is opening up new opportunities for food & beverage manufacturers across North America.
Product launches in the health segment have traditionally focused on convenience and specific food categories that offer the consumer a health boost. These include dairy-free products and beverages as well, for example dairy-free yoghurt, and milks with nutritional supplements. There are many other possibilities that can be explored in future. Furthermore, rising consumer awareness about the side effects of chemical/synthetic content in cosmetics is driving the manufacturers to create natural products, resulting in an increasing growth of FMC industry in coming years.
Competition Scenario In North America Dairy Alternatives Market
The Competition is Highly Competitive or Fragmented. There are only few companies in North America that offer a diverse range of dairy alternatives, however they are facing stiff competition from other players who offer a limited range of dairy alternatives. Companies are increasingly adopting advanced technology, such as fermentation technology to enhance the taste, and texture of product. Companies are competing on various parameters such as Partnerships and New Products.
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What is the Expected Future Outlook for the Overall Dairy Alternatives in North America?
The revenues generated by dairy alternatives market players in North America are projected to augment to ~ by 2027 from ~ during 2022, registering a robust CAGR of ~ during the same period. The rising Consumer interest in sustainable agriculture and food production systems, as well as the resulting demand for plant-based alternatives, are paving the way for the development of new products with distinct sensory properties. For example, incorporating polysaccharides into cheese formulations to increase moisture content, could modify its properties, such as adhesiveness, meltability, and flavour release. Also, the addition of plant proteins such as soy and pea could also result in softer cheeses.
Growing popularity of clean label products and increasing use of plant ingredients are expected to drive market growth in the coming years. Plant-based food & beverages will see a counter-trend in the forthcoming years, with more nutritious values. For instance, the dairy-free ice cream market has effectively reoriented itself by proposing high protein, a low sugar options, which transforming the concept of ice cream as an indulgence without guilt.
Advances in ingredient technology and processing are gradually fueling the growth of dairy alternatives. For instance, fermentation technique is helping to improve taste, and texture, while also meeting customer expectations and increasing acceptance. Furthermore, government legislation prohibiting animal testing for cosmetics and the banning of numerous dairy products for noncompliance with standards will also fuel the market growth of dairy alternatives in the forthcoming years.
Key Segments Covered in North America Dairy Alternatives Market:-
North America Dairy Alternatives Market By Source
Soy
Almond
Oats
Coconut
North America Dairy Alternatives Market By Application
Milk
Cheese
Yoghurt
Ice Creams
North America Dairy Alternatives Market By Formulation
Plain
Flavored
North America Dairy Alternatives Market By Type of End User Industry
Food & Beverages
Nutraceuticals, Health and Wellness
FMCG
North America Dairy Alternatives Market By Geography and Major Countries
U.S.
Canada
Mexico
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Key Target Audience
Non-Dairy Products Manufacturers
Vegan Dairy Products Manufacturers
Lactose-Free Products Manufacturers
Raw Material Suppliers for Non-Dairy Products
Potential Investors in Plant-Based/Vegan Food and Beverages
Plant-based Food & Beverages Distributors
Dairy Alternatives Advocacy Groups
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Companies Mentioned:–
Key Competitors in North America Dairy Alternatives Market
Danone
SunOpta Inc.
Blue Diamond
Daiya Foods Inc.
Oatly Inc.
Sahmyook Food
Earth’s Own Food Company Inc.
Pacific Foods of Oregon, LLC.
Eden Foods Inc.
Kite Hill
Emerging Dairy Alternatives Companies in North America
Miyoko’s Creamery
Betterland Foods
New Culture
Nuts for Cheese
Bettermoo(d)
BetterMilk Inc.
Heartbest
Sigma Alimentos
Key Topics Covered in the Report:-
Snapshot of North America Dairy Alternatives Industry
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of North America Dairy Alternatives Market
Historic Growth of Overall North America Dairy Alternatives Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of North America Dairy Alternatives Industry
Overview, Product Offerings and SWOT Analysis of All the Key Competitors
Covid 19 Impact on the Overall North America Dairy Alternatives Market
Future Market Forecast and Growth Rates of the Total North America Dairy Alternatives Market and by Segments
Market Size of End User Industries with Historical CAGR and Future Forecasts
Analysis of North America Dairy Alternatives Market in Major North American Countries
PESTLE Analysis and Major Production / Consumption Hubs in the Major Countries
Major Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging North America Dairy Alternatives Companies within Each Major Country
Betterland Foods Dairy Alternatives Market
New Culture Dairy Alternatives Market
Nuts for Cheese Dairy Alternatives Market
Bettermoo(d) Dairy Alternatives Market
U.S. Dairy Alternatives Market Size
Earth’s Own Food Company Plant-Based Vegan Milk Products
Plant-Derivative Products Market
Plant-Derivative Food and Beverages Market
Vegan Population in North America
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North America Dairy Alternatives Market
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