June 2022 | North America Dairy Alternatives Market News
Impact of COVID on North America Dairy Alternatives Market: The ongoing Covid-19 pandemic has benefited the demand for dairy alternatives, but due to supply chain disruptions, the supply side of dairy alternatives has suffered. During the months of lockdowns, numerous individuals, particularly those affected by the virus, have shifted their purchasing preferences towards dairy alternatives due to the rising health consciousness and awareness towards the benefit of the dairy alternative products. So even though the demand was high, but the disrupted supply chain, limited transportation, lower workforce capacity, and restricted trade/import & export had halted the manufacturing of dairy alternative products, resulting in lower sales.
Widening Range of Ingredients and Flavors: As the popularity of dairy alternatives grows, a large variety of ingredients will be used to expand the product line. Ingredients, including soy, hemp, coconut, almond, oat, and rice are frequently identified due to their ability to provide high levels of protein and nutritional value to the consumer. There has been a noticeable increase in the variety of ingredients that are typically used to produce milk alternatives in the dairy alternatives market including soy, hemp, coconut, almond, oat, and rice. Such ingredients offer consumers more options and much more flavors, while ensuring that their dietary demands are fulfilled.
Ingredients such as tempeh, pea, almond, and seitan are becoming more popular, whereas soy products are being challenged due to concerns about genetic modification. The availability of numerous sweetened, and unsweetened flavors of dairy alternatives is boosting its demand, particularly among the youth, and young adults.
Adoption of Veganism among Individuals: The consumers rising awareness regarding the health benefits associated with vegan diet is one of the major factors fueling the demand for dairy alternative products in North America. For instance, nearly 10% of Americans over the age of 18 regard themselves as vegan or vegetarian.
Analysts at Ken Research in their latest publication “North America Dairy Alternatives Market Outlook and Forecast to 2027 – Driven by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives: Ken Research” believe that the Dairy Alternatives market is expected to grow due to the availability of many varieties of ingredients and flavors as well as due to the increase in adoption of veganism among adults.
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
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
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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
For More Information on the research report, refer to below link:
North America Dairy Alternatives Market
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Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
