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Dairy-Free Products gather widespread pace with Rising Concern of Lactose-intolerant World over and

, 13 June 2018 -- Dairy-Free Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025

The drive for dairy-free products stems primarily from the rising demand for dairy alternatives among a large lactose-intolerant population across the world. The drive is accentuated by the growing popularity of vegan diet owing to lifestyle choices or health concerns in several parts of the globe.

The wide assortment of dairy-free products available that are fortified with nutrients has expanded the choice to consumers and is catalyzing the growth of the dairy-free products market. Insights into such trends and developments and their impact on the market trajectory form the crux of a report by Transparency Market Research (TMR) titled “Dairy-Free Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”. The study takes a closer look at recent technological advancements and innovative product launches. Moreover, the study assesses the key factors likely to influence the competing landscape in the coming years.

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The sizeable percentage of population being lactose intolerant in numerous developing regions has propelled the demand for various dairy alternatives in food preparation such as coconut milk, almond milk, and soy milk to meet their nutritional requirements. The rising health concern has impelled people in some developed countries to shift to a vegan-based diet, which is favoring the demand for dairy-free products. In this regard, environment protection campaigns, prove to be a robust method for expanding the awareness among people.

Millennials with discerning taste and inclination toward veganism are proving to emerge as potential target consumers for dairy-free products world over. The expansive promotional and awareness programs in media has widened the consumer base for dairy-free alternatives. The rising wave of social awareness through internet is helping the demand for dairy-free products rise attractively in developing regions.

On the downside, the growing case of contamination of raw materials and the incidence of cross-contamination across materials and equipment has increased the risk of food-borne diseases, thereby hampering the demand for dairy-free products. However, the market will benefit from stringent implementation of food manufacturing practices, especially in developing and develop countries. Furthermore, food companies are actively brining out innovations in flavor and texture of dairy-free products, thus creating lucrative avenues for growth during the assessment period.

The advent of organic dairy-free products and their rising popularity among health-conscious population with substantial discretionary spending is accentuating the market. The trend is gathering steam among consumers in developed nations.

Some of the key regional segments in the global dairy-free products include North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Of these, Europe and North America are expected to offer vast lucrative avenues for market players during the assessment period, attributed to the substantial global share these regions contribute in the consumption of these foods.

Developing regions such as Latin America and Asia Pacific are offering attractive opportunities for market players to capitalize on.

Some of the prominent players operating in the global dairy-free products market are Good Karma Foods, Oatly A.B, SunOpta, In, Blue Diamond Growers, Inc., GraceKennedy Group, The Hein Celestial Group, and Groupe Danone.

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Submitted by amyjames on Wednesday, 13 June 2018 at 7:16 PM
Category: Food & Fashion
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