U.S. Experiencing Heightened Demand for Plant-Based Dairy with an Estimated CAGR of 10% by 2031 End

Posted on 2022-03-23 by Future Market Insights, Inc in Internet & Online // 0 Comments

250 Pages Plant-based Dairy Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Plant-based Dairy. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Plant-based Dairy Market across various industries and regions.

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The plant based dairy market revenue totalled US$ 11 Bn for 2020, according to Fact.MR- a market research and competitive intelligence provider. The overall plant based dairy market is expected to reach US$ 32 Bn by 2031 end, growing at a CAGR of around 11%. The demand for plant based dairy product will accelerate with top 5 providers holding 65% of plant based dairy market in 2021.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Plant-based Dairy market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Plant-based Dairy

This newly published and insightful report sheds light on Market Insights of Plant-based Dairy, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Plant-based Dairy Market.

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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)
  - Sticks
  - Spread
- 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
  - HoReCa
  - Household
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

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Key Takeaways from the Market Study:

The global plant based dairy market is anticipated to add almost 3x value by 2031
Almond milk remained the top selling category in 2020, clocking a value of US$ 6.5 Bn
2 out of 5 sales of plant based dairy products occur via online retail platforms
By nature, organic plant based dairy products sales to surge at 13% CAGR
Sales across the U.S market to compound at a CAGR of over 10% until 2031
Organic dairy sales in China topped US$ 1 Bn in 2020, forecast to expand at nearly 14% CAGR

“Cheese alternatives are predicted to be the “next frontier” in plant-based innovation, advancements in ingredient technology are estimated to fire dairy-alternatives market,” comments a Fact.MR analyst

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advances for cancer screening, mergers, and acquisitions.

In 2016, 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$ 12.5Bn.
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 UK.

Key Question answered in the survey of Plant-based Dairy market report:

Sales and Demand of Plant-based Dairy
Growth of Plant-based Dairy Market
Market Analysis of Plant-based Dairy
Market Insights of Plant-based Dairy
Key Drivers Impacting the Plant-based Dairy market
Which are the Key drivers impacted by Plant-based Dairy market
Restraints Shaping Market Growth
Market Survey of Plant-based Dairy

More Valuable Insights on Plant-based Dairy Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Plant-based Dairy, Sales and Demand of Plant-based Dairy, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Key Segments Covered

Key Takeaways from the Market Study:

Competitive Landscape

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