(Entertainment-NewsWire.com, January 28, 2016 ) The increasing urbanization leading to change in lifestyle is further driving the growth of the global dairy alternatives market. On the basis of formulation, the plain-unsweetened segment dominated the global market in 2014. Among applications, the beverages segment dominated the global market in 2014.
The dairy farms are consolidating worldwide, owing to declining profitability of the small scale dairy farmers. This is also affecting the raw milk production globally, thus creating demand of milk extracted from non-dairy sources. The increasing demand for nutritional products and flavored health drinks has been observed to increase in the recent years. The demand for such products is up surging despite their high price, as compared to the regular dairy products.
The demand for dairy products, such as cheese, snacks, and desserts prepared from milk alternatives is also increasing globally. The increasing on-the-go health drinks consumption is boosting the growth of beverages segment in the application category of the global dairy alternatives market. The consumers carry health drinks at workplace, sports field, gymnasium, and schools to satiate their nutritional requirement without taking breaks during their schedule. North America and Europe leads the global dairy alternatives market globally, however Asia-Pacific is expected to witness fastest growth among the regions, during the forecast period. Soy and almond milk are the most preferred milk alternatives in the U.S. Rice milk is most consumed among cereal-based milk in the country. The major markets in Europe are France, Italy, Germany, the U.K., and Spain. The key markets in Asia-Pacific are China, Japan, Australia, and New Zealand.
Global Dairy Alternatives Market Segmentation By Type Soy Milk Almond Milk Rice Milk Others By Formulation Plain-Sweetened Plain-Unsweetened Flavored-Sweetened Others By Application Food Beverages
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, were keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Contact: Abhishek Executive Client Partner 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com
