Milk Holds the Leading Share in the United States Dairy Alternatives Market During the Forecast Period
The dairy alternatives
market in the United States is anticipated to be driven by shifting consumer
eating habits and an increase in lactose intolerance cases across the
country over the projected period..
According to TechSci Research report, “United States Dairy Alternatives Market”- By Region, Competition
Forecast and Opportunities, 2017-2027”, In recent years, the US
dairy alternatives market has expanded significantly. The demand for the
product will be boosted by the growing popularity of dairy substitutes in the
form of food supplements among the young population to maintain fitness goals. Increased
use of dietary supplements to control weight, as well as an increase in adult
obesity, will have a positive impact on the industry. Additionally, many
professional athletes and fitness enthusiasts are switching from whey protein
to hemp and soy-fortified products, increasing the market share for dairy
alternatives.
One of the main drivers
of the growth of the alternative dairy market is a significant shift toward
western-oriented diets in the United States. Dairy products like cheese, milk,
and butter are essential to the Western cultural diet. However, growing public
concern about animal cruelty has accelerated the uptake of dairy-free goods.
Additionally, low sugar, low calorie, and water content in dairy alternatives
boost their demand in the United States.
Dairy alternative producers
invest heavily in product innovation to appeal to a broad consumer base.
Product innovation strategy gives market players a competitive advantage,
increasing their profitability. Dairy substitute producers offer certified
organic, non-GMO, gluten-free, clean-label, and allergen-free products to meet
evolving customer needs. Additionally, as consumers' awareness of their health
has increased, they favor low-calorie and low-fat products. As a result,
producers of plant-based dairy provide unsweetened and low-sugar options.
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The United States dairy
alternatives market is segmented into type, source, formulation, distribution
channel, and region.
Based on type, the market is
segmented into milk, butter, yogurt, cheese, and others (ice cream, cream,
tofu, smoothies, etc.). Among these, the milk segment holds the leading share
in the market during the forecast period due to increasing the demand of soy
milk and almond milk in the country..
Based on source, the market
is segmented into soy, coconut, almond, and others (rice, oats, hemp, walnut,
hazelnut, cashew, etc.). Among these, the almond segment holds the leading
share in the market during the forecast period. Over the past few years, there
has been an increase in the adoption of the vegan lifestyle and the use of
almonds in producing other dairy alternatives like butter, cheese, and yogurt.
Based on formulation, the
market is segmented into unsweetened and sweetened. Among these, the
unsweetened segment holds the leading share in the market during the forecast
period. Patients with high blood sugar levels are increasingly consuming
light-tasting, unsweetened dairy alternatives to maintain a healthy diet, which
will help the industry grow. Unsweetened milk also contains half as many
calories as cow milk while containing no added sugar or sweetening agents.
Additionally, the growing popularity of unsweetened dairy substitutes among
consumers who favor low-calorie content will accelerate market growth.
Based on distribution
channels, the market is segmented into grocery/convenience stores,
supermarkets/hypermarkets, online, and others (specialty stores, pharmacies,
direct sales, etc.). Among these, supermarkets/hypermarkets hold the leading
share in the market during the forecast period. Large retail establishments
like supermarkets and hypermarkets generally offer a variety of retail product
categories all under one roof. To be easily accessible to the public,
supermarkets are typically situated close to residential areas. However, the
majority of supermarket and hypermarket chains are opening their new stores
outside of the city due to the lack of land near residential areas.
The region's market is
segmented into South, West, Mid-West, and North-East. Among these, the Mid-West
region holds the leading share in the market during the forecast period due to
the increasing the demand for sugar-free, gluten-free alternatives in the
region, which fuels the demand for the dairy alternatives in US.
Major operating companies operating in the
United States dairy alternatives market are:
- Danone North
America Public Benefit Corporation
- SunOpta, Inc.
- The Hain Celestial
Group, Inc.
- Daiya Foods Inc.
- Eden Foods, Inc.
- Living Harvest
Foods Inc.
- Archer-Daniels-Midland
Company
- Earth's Own Food
Company Inc.
- PACIFIC FOODS OF
OREGON, LLC
- Kite Hill
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“Concerns about the presence of
hormones, pesticides, and antibiotics in dairy products drive the United States
dairy alternatives market size. It is alleged that consuming food with the
abovementioned chemicals is dangerous, especially for pregnant women. Human
endometrial, prostate, and breast cancer is thought to be caused and initiated
by hormones found in dairy products. Since dairy alternatives are made from
natural sources and extracted naturally, they have established themselves as a
secure substitute for dairy products, driving the Dairy alternative market
growth in the United States.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
United States Dairy
Alternatives Market, By Type (Milk, Butter, Yogurt, Cheese, Others (Ice Cream,
Cream, Tofu, Smoothies, etc.), By Source (Soy, Coconut, Almond, Others (Rice,
Oats, Hemp, Walnut, Hazelnut, Cashew, etc.), By Formulation (Unsweetened and
Sweetened)), By Distribution Channel (Grocery/Convenience Store,
Supermarket/Hypermarket, Online, Others (Specialty Stores, Pharmacies, Direct
Sales, etc.)), By Region, By Company, Forecast & Opportunities, 2017-2027,
has evaluated the
future growth potential of United States dairy alternatives market and provides statistics & information on
market size, structure, and future market growth. the report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the dairy
alternatives in United States.
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