Exploring the Growth Factors of the Global Dairy Alternatives Market

Thursday, 21 March 2024, 14:00

The dairy alternatives market, which includes plant-based milk, cheese, yogurt, and ice cream, is experiencing rapid growth driven by factors like lactose intolerance, veganism, environmental concerns, and health consciousness. A recent study projects the market to reach $62.03 billion by 2031 at a CAGR of 10.68%. This indicates significant opportunities for dairy alternative producers and highlights the shifting consumer preferences towards sustainable and healthy options in the food industry.
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Exploring the Growth Factors of the Global Dairy Alternatives Market

Overview

The dairy alternatives market encompasses a diverse range of products, including plant-based milk, cheese, yogurt, and ice cream.

Driving Factors

  • Lactose intolerance: Increasing prevalence of lactose intolerance among consumers.
  • Dietary preferences: Growing adoption of veganism and plant-based diets.
  • Environmental concerns: Shift towards sustainable and eco-friendly food options.
  • Health consciousness: Demand for healthier food alternatives.

Jersey City, New Jersey, March 21, 2024 (GLOBE NEWSWIRE) -- The Global Dairy Alternatives Market is projected to grow at a CAGR of 10.68% from 2024 to 2031, according to a new report publ


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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