2014-03-17 14:33:05 - Dairy Alternative (Beverage) Market: Global Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com
Plant-based dairy alternative milk is processed through grains, nuts, etc. The market is projected to grow with an increasing number of lactose-intolerance, milk allergy, vegans, etc. The market is projected to grow at a CAGR of 15% to reach a value of $14 billion by 2018. In 2012, the Asia-Pacific region was the largest market for dairy alternative beverages. The leading companies drive the market growth through the introduction of new products with different flavors and fortified products with DHA, calcium, etc.
Soy milk dominated the market, both in terms of value and volume. Global market is driven by the benefits of almond milk, coconut milk, etc. on digestion, immunity, etc. for the consumers. The different formulations of dairy alternative
beverages available in the market include plain, flavored, sweetened, unsweetened, fortified, etc. The leading companies use different channels to avail and promote their products in the market. In 2012, the largest sales of dairy alternative beverages were recorded from supermarkets.
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