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Dairy Alternative Beverage Market Poised to Reach $14 Billion by 2018

The Dairy alternatives Market is projected to grow at a CAGR of 15% from 2013 to 2018.

 

Dallas, TX -- (ReleaseWire) -- 06/09/2014 -- The report "Dairy Alternative (Beverage) Market by Type (Soy, Almond, Rice), Formulation (Plain, Flavored, Sweetened, Unsweetened), Channel (Supermarket, Health Store, Pharmacy, Convenience Store) & Geography - Global Trends & Forecast to 2018", defines and segments the dairy alternative beverage market with an analysis and forecast of revenue and volume for plant-based dairy alternative beverages. It also identifies driving and restraining factors for the dairy alternative beverage market with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges

Browse more than 171 market data tables with 42 figures spread through 318 pages and in-depth TOC on "Dairy Alternative (Beverage) Market - Global Trends & Forecast to 2018".

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The plant-based dairy alternative beverage includes soy milk, almond milk, rice milk, etc. Globally, soy milk is a widely consumed dairy alternative beverage. The market for almond milk is driven by its increasing popularity among consumers. These beverages are a part of the traditional diet in the Asia-Pacific region. The main driver of the market is the health benefit of dairy alternatives for consumers who suffer from lactose intolerance, milk allergy, etc. Accurate marketing practices and the apt knowledge dissemination programs to educate consumers are foreseen as the biggest opportunities in the market.

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Dairy alternative beverages include plant-based milk that is obtained from cereals, nuts, etc. The market shows a significant growth as consumers are increasingly adopting a dairy free diet. The dairy alternative beverage characterizes nutritional benefits as they have naturally low cholesterol and calorie contents. The companies emphasize on variations in packaging, flavors, etc. for their products to avail different options in the market. Soy milk is the largest consumed alternative beverage in the market. The market for almond milk is projected to grow with its increasing popularity as it is a rich source of calcium and vitamins. However, F&B manufacturers face the problem of unavailability of raw materials for beverages, which is why plant-based milk is generally costlier than dairy milk.

The leading players in the dairy alternative beverage market include The WhiteWave Foods Company (U.S.), Blue Diamond Growers Inc. (U.S.), The Hain Celestial Group Inc. (U.S.), etc. The leading companies prefer new product launches and expansion strategies to strengthen their position in the market. The companies continue to invest on R&D to launch new products in different flavors, types, pack size, etc.

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