Plant-based dairy products are those created from plant-based substances rather than animal milk. These products are intended to have the same flavour, texture, and nutritional content as typical dairy products, but they are appropriate for persons who follow a plant-based diet, have lactose intolerance, or have other dietary limitations. Plant-based dairy products are often manufactured from materials such as nuts, seeds, grains, and legumes, and they may be used in a range of applications such as milk substitutes, cheese substitutes, and yoghurt substitutes. Soy, almond, oats, cashews, and coconut are some prominent plant-based dairy components.
Plant-based dairy products are gaining popularity as customers seek healthier, more sustainable alternatives to traditional dairy products. These items are frequently fortified with vitamins and minerals and can be a healthy source of protein, fibre, and other nutrients. Plant-based dairy products come in a number of forms, including liquids, powders, and solids, and may be obtained in a wide range of grocery shops and other retail channels. It is critical to thoroughly study labels and ingredient lists to verify that the product satisfies any dietary restrictions or preferences.
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Key Segments Covered
- Product
- Plant Based Milk (by Protein Source)
- Almonds
- Cashews
- Coconuts
- Hazelnuts
- Oats
- Rice
- Soy
- Flax
- Hemp
- Macadamia
- Peanuts
- Pistachios
- Quinoa
- Sesame
- Others
- Plant Based Frozen Desserts (by Protein Source)
- Avocados
- Oats
- Cashews
- Soy
- Almonds
- Coconuts
- Plant Based Butter (by Form)
- Plant Based Creamers (by Protein Source)
- Soy
- Coconuts
- Almonds
- Others
- Plant Based Yogurt (by Protein Source)
- Oats
- Cashews
- Soy
- Almonds
- Coconuts
- Others
- Plant Based Cheese (by Form)
- Blocks and Wedges
- Creams, Sauces and Spreads
- Shredded and Crated
- Sliced
- Nature
- Organic Plant Based Dairy
- Conventional Plant Based Dairy
- End Use
- Plant Based Dairy for B2B Consumers
- Bakery and Confectionary
- Snacks and Savouries
- Ready Meals
- HoReCa
- Other Food Products
- Plant Based Dairy for B2C Consumers
- Sales Channel
- Plant Based Dairy Sales through Direct Channels
- Plant Based Dairy Sales through Retail Channels
- Supermarkets and Hypermarkets
- Convenience Stores
- Independent Grocery Stores
- Specialty Stores
- Online Stores
Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
- Key manufacturer Danone SA, the French dairy giant made a move into dairy-free by acquiring WhiteWave Foods, the US manufacturer of the Alpro and Silk plant-based dairy-alternative ranges, for US$ 12.5 Bn.
- In February 2019, Danone announced it was opening a new building at its facility in DuBois, Pennsylvania, dedicated to plant-based food products including yogurt.
- In December 2019, Danone’s French dairy peer Lactalis announced it was taking its Siggi’s yogurt brand into the plant-based market.
- In March 2020, Arla announced the launch of a range of chilled, oat-based drinks, to be marketed under a new brand, Jörd, and initially available in Denmark, Sweden and the U.K.
Key Question answered in the Survey of Plant-based Dairy market Report By Fact.MR
- Plant-based Dairy Company & brand share analysis: Company and brand share analysis on Plant-based Dairy Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Plant-based Dairy Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Plant-based Dairy .
- Plant-based Dairy Category & segment level analysis: Fact.MR’s Plant-based Dairy market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Plant-based Dairy market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Plant-based Dairy market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
