Global Non-Dairy Milk Market Report 2019-2024 with Profiles of Key Players – The WhiteWave Food Co, Hain Celestial, Blue Diamond Growers, Sunopta, & Sanitarium Health and Wellbeing Co

DUBLIN, March 21, 2019 /PRNewswire/ — The “Non-Dairy Milk Market – Global Outlook and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

The global non-dairy milk market is projected to reach revenues of more than $38 billion by 2024, growing at CAGR of over 14% during 2018-2024.

The rising working middle-class population, rising income, changing lifestyle, and other socio-economic factors are propelling the growth of the global market. Urbanization and the rise of modern trade benefit the availability of dairy and dairy alternative products due to the reliance on chillers and cold chain logistics for categories like yogurt, and fresh milk will boost the adoption of these products in the market. The global non-dairy milk market is driven by growing popularity and demand for non-dairy ice cream and yogurt.

The demand for almond milk surpassed the demand for soy milk in North America in 2018, thereby creating lucrative demand in the global non-dairy milk market. The market research report provides in-depth market analysis and segmental analysis of the global non-dairy milk market by source type, end-product, distribution channel, and geography.

The report considers the present scenario of the global non-dairy milk market and its market dynamics for the period 20192024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

Non-Dairy Milk Market – Dynamics

The popularity of vegan diets has been steadily rising. According to a recent survey, the vegan movement is led by young women. Approximately, 49% of the population are cutting down on meat consumption due to health reasons. Some of the major reasons for adoption of vegan diets includes, weight management, animal welfare and environmental protection. The US nondairy milk market which includes, cheese, creamer, butter, yogurt and ice cream witnessed a significant growth of 50% in 2018, and currently represents 15% of the overall dairy market. Non dairy cheese increased by 43%, achieving a sales of $124 million retail sales. Non dairy yogurt witnessed a growth of 55% and a retail sales of $162 million, the sales of non dairy creamers also increased by 131% in 2018.

The growing trend of health consciousness among people, which is currently seen only among certain segments of the society, is expected to increase significantly among the population during the forecast period. The modern generation is becoming more interested in pursuing a healthy lifestyle. Apart from this, there is a gradual shift among consumers towards healthier eating habits. Although dairy products are favored as per price and flavor, changing consumption habits, health and lifestyle choices is driving the growth of the market.

The modern, younger generation are now more aware of the importance of taking care of one’s health. The growing trend of vegan, vegetarian, flexitarian and other new consumption habits among the millennials around the world, the demand for plant-based dairy products has been on the rise. To meet the growing demand of the market, several global dairy manufacturers launched varieties of plant-based dairy alternatives, including milk, ice cream, cream, yogurt and others.

Key Vendor Analysis

The global non-dairy milk market is fragmented due to the presence of different kinds of vendors. The top players are competing on the basis of product quality, new products, and competitive pricing in the global market. The introduction of innovative and proprietary products that cater to customer demands will result in increased investments by key manufacturers in the global non-dairy milk market.

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Inclusions

5.3 Exclusions

5.4 Currency Conversion

5.5 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Market Overview

7.2 The Consumer paradigm

7.2.1 Generation Z

7.2.2 Millennials

7.2.3 Baby Boomers

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Growing preference for vegan diets

8.1.2 Rising lactose intolerance among people

8.1.3 Availability of different varieties of non-dairy milk

8.1.4 Growing number of health-conscious people

8.2 Market Growth Restraints

8.2.1 Fluctuation in raw material prices

8.2.2 Stringent regulations & health standards

8.2.3 Threats of substitutes

8.2.4 Psychological and Cultural Barriers

8.3 Market Opportunities & Trends

8.3.1 Growing investments in plant-based food & beverage industries

8.3.2 Rising number of new product launches

8.3.3 Wellness Trend Fuels Demand for All Things Plant

8.3.4 Rising demand for non-GMO food products

8.3.5 Growth in online retailing

9 Global Dairy Market

9.1 Market Size & Forecast

10 Global Non-dairy Milk Market

10.1 Market Size & Forecast

10.2 Porter’s Five Forces Analysis

11 By Source

11.1 Market Overview

11.2 Soy Milk

11.3 Almond Milk

11.4 Rice Milk

11.5 Coconut Milk

11.6 Other Non-Dairy Milk

12 By End-Products

12.1 Market Overview

12.2 Milk

12.3 Yogurt

12.4 Ice cream

12.5 Cheese

12.6 Creamers

12.7 Others

13 By Distribution Channels

14 By Geography

15 APAC

15.1 Market Overview

15.2 Market Segmentation

15.3 Key Countries

15.3.1 China: Market Size & Forecast

15.3.2 Japan: Market Size & Forecast

15.3.3 Indonesia: Market Size & Forecast

16 North America

16.1 Market Overview

16.2 Market segmentation

16.3 Key Countries

16.3.1 US: Market Size & Forecast

16.3.2 Canada: Market Size & Forecast

17 Europe

17.1 Market Overview

17.2 Market Segmentation

17.3 Key Countries

17.3.1 Germany: Market Size & Forecast

17.3.2 UK: Market Size & Forecast

17.3.3 Spain: Market Size & Forecast

18 Latin America

18.1 Market Overview

18.2 Market Segmentation

18.3 Key Countries

18.3.1 Brazil: Market Size & Forecast

18.3.2 Mexico: Market Size & Forecast

19 Middle-East Africa

19.1 Market Overview

19.2 Market Segmentation

19.3 Key Countries

19.3.1 South Africa: Market Size & Forecast

19.3.2 UAE: Market Size & Forecast

20 Competitive Landscape

20.1 Competition overview

20.2 Market Strategy, Promotions, and Developments

21 Key Company Profiles

21.1 The WhiteWave Food Company

21.2 The Hain Celestial Group

21.3 Blue diamond Growers

21.4 Sunopta Inc

21.5 Sanitarium Health and Wellbeing Company

22 Other Prominent Vendors

22.1 Freedom Food Group Limited

22.2 Eden Foods

22.3 Nutriops SL

22.4 Earth’s OWN Food Company

22.5 Triballat Noyal

22.6 Valsoia S.P.A

22.7 Dohler

22.8 Panos Brands LLC

22.9 Vitasoy International Holding Limited

22.10 Oatly AB

22.11 Violife Foods

22.12 Good Karma Foods

22.13 Ripple Foods

22.14 Califia Farms

22.15 Elmhurst

22.16 Chobani

22.17 NadaMoo!

22.18 Mariani WalnutMilk

22.19 Yofix Probiotics

22.20 Miyoko Kitchen

For more information about this report visit https://www.researchandmarkets.com/research/rv5x4l/global_nondairy?w=5

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