Many factors have greatly influenced the dairy alternative products market. These changes that have long been anticipated by consumers involved in the sector include lactose intolerance and dairy allergy, which have emerged as major drivers of this market. The disease affects a considerable part of the global population, leading to an enormous number of people looking for substitutes for dairy products that are easy to digest and don't cause trouble. Moreover, changing nutrition habits and styles has also contributed significantly to driving the demand for alternatives to dairy products. Many people who are motivated either by ethical considerations or lifestyle choices have decided to try vegan or vegetarianism, therefore seeking plant-based dairy alternatives instead of traditional ones. In addition, there is an increasing trend for healthier living among consumers who resort to plant-based milk as part of their dietary change.
The other factor that has significantly driven the growth of dairy alternative products' availability in the market is concern about sustainability and environmental impacts. Issues associated with animal farming for dairy production, such as greenhouse gas emissions, water usage, and deforestation, are significant challenges in terms of environment conservation. Similarly, technological advances in food processing play a critical role in creating dynamics within the industry that deal with the non-dairy milk substitute market segment. Manufacturers are constantly making efforts through new recipes and improved technology use for enhancing taste properties, texture features, and enriching nutritional value in non-dairy foods, thus making them more attractive, especially towards buyers end user groupings such as vegans hence creating a wider consumer base as well as propelling sales volume increase. This includes almond milk, which looks just like cow's milk but is made out of almonds.
Moreover, availability and accessibility issues are significant elements underpinning consumption levels concerning alternative food types, including dairy substitutes. Dairy-less options can be found almost everywhere nowadays, including grocery stores and supermarket chains, health specialty shops, and online retail sites, among others, where customers can easily access various forms of these products that they desire. In addition, the development of plant-based menu items in fast food restaurants, cafes, and other eateries has led to greater exposure for consumers to dairy alternatives, thereby enhancing the market reach. This is why people are so keen on buying lactose-free milk.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 22.5 Billion |
Market Size Value In 2023 | USD 24.9 Billion |
Growth Rate | ย 10.88% (2023-2030) |
ยฉ 2024 Market Research Future ยฎ (Part of WantStats Reasearch And Media Pvt. Ltd.)