Global Plant-Based Dairy Products Market Insight and Forecast to 2029 - Revealing Growth Trends and Product Demand Analysis
Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Global Plant-Based Dairy Products Market (2024 Edition) - Analysis By Product Category (Milk, Desserts, Cream, Cheese, Others), Distribution Channel (Online, Offline), By Region, By Country: Market Insights and Forecast (2024-2029)" report has been added to * ResearchAndMarkets.com's* offering.
The Global Plant Based Dairy Products Market attained a market value of USD 24.61 Billion in 2022 witnessing a growth of 2.33% during 2019-2022. Plant-based products are changing the food industry, and there are several factors driving this shift in consumer decision-making. Increasing number of consumers are willing to make right decisions for their health and the health of their planet based on their increasing awareness for the availability of plant based dairy products. Additionally, ever increasing number of consumers with lactose intolerance and growing preference of compromising the taste of food to focus on health benefits has been propelling the growth.
The research report covers a detailed analysis of the global market, the regions (North America, Europe, Asia Pacific, and Rest of the World) and 10 countries (United States, Canada, United Kingdom, Germany, France, Italy, China, India, Japan, and South Korea). Additionally, the research report presents data including market size, yearly growth and potential analysis, the competitive study of market players, investment opportunities and demand forecast. The research report also assesses growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market evolution.
A plant-based diet is exactly what it sounds like. The diet consists primarily of food made of plants: fruits and vegetables in addition to nuts, seeds, whole grains, and legumes. Plant-based or plant-forward eating patterns focus on foods primarily from plants. This includes not only fruits and vegetables, but also nuts, seeds, oils, whole grains, legumes, and beans. It doesn't mean that one is a vegetarian or vegan and never eat meat or dairy. Rather, a person is proportionately choosing more of his foods from plant sources.
Plant-based diets offer all the necessary protein, fats, carbohydrates, vitamins, and minerals for optimal health, and are often higher in fiber and phytonutrients. However, some vegans may need to add a supplement (specifically vitamin B12) to ensure they receive all the nutrients required. A plant-based diet is considered to be nutrient-dense and packed with fiber, healthy fats, protein, vitamins, and minerals. It is a very healthy way of eating and can meet all of your nutrient needs.
In 2020, double-digit growth in the plant-based dairy products market accelerated because of rapid expansion in consumer adoption and an overall favorable environment for grocery purchases (and online purchases) as consumers spent more time at home during the pandemic. In 2021 and 2022, topline growth for plant-based dairy products has decelerated to single digits, as some product categories are maturing (particularly plant-based milk).
*Scope of the Report*
· The report analyses the Plant-Based Dairy Products Market by Value (USD Million)
· The report presents the analysis of Plant-Based Dairy Products Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
· The report analyses the Plant-Based Dairy Products Market by Product Category (Milk, Desserts, Cream, Cheese, and Others).
· The report analyses the Plant-Based Dairy Products Market by Distribution Channel (Online/E-commerce, and Offline).
· The key insights of the report have been presented through the frameworks of SWOT. Also, the attractiveness of the market has been presented by region, by products, and by distribution channel.
· Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
· The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Danone S.A., Nestle S.A., Natura Foods, Oatly Group AB, Unilever PLC, Epigamia, Earth's Own Food Company, Inc., Koninklijke DSM N.V., Plamil Foods Ltd., Sunrise Soya Foods
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 200
Forecast Period 2024 - 2029
Estimated Market Value (USD) in 2024 $276.29 Billion
Forecasted Market Value (USD) by 2029 $403.43 Billion
Compound Annual Growth Rate 7.8%
Regions Covered Global
*Key Topics Covered:*
*1. Market Background*
*2. Strategic Recommendations*
*3. Global Plant Based Dairy Products Market: Historic and Forecast (2019-2029)*
3.1 Impact Analysis of Macro Economic Factors on Plant Based Dairy Products Market
3.2 GDP Per Capita, By Country (2022)
3.3 Share of People Living in the Urban Areas Across the Globe
3.4 Internet Users, By Country
3.5 Cellphone Users, By Country and Top 50 Countries With the Largest Percentage of Older Adults
3.6 Global Plant Based Dairy Products Market: Dashboard
3.7 Global Plant Based Dairy Products Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
3.8 Degree of Impact of COVID-19 on Plant Based Dairy Products Market
3.9 Global Plant Based Dairy Products Market Segmentation : By Product Category
3.10 Global Plant Based Dairy Products Market Segmentation : By Distribution Channel
*4. Global Plant Based Dairy Products Market, Region Analysis*
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
*5. North America Plant Based Dairy Products Market: Historic and Forecast (2019-2029)<*
*6. Europe Plant Based Dairy Products Market: Historic and Forecast (2019-2029)<*
*7. Asia Pacific Plant Based Dairy Products Market: Historic and Forecast (2019-2029)<*
*8. Rest of the World Plant Based Dairy Products Market: Historic and Forecast (2019-2029)<*
*9. Market Dynamics*
9.1 Impact assessment of Market Dynamics on Global Plant Based Dairy Products Market
9.2 Drivers
9.3 Restraints
9.4 Trends
*10. Industry Ecosystem Analysis*
10.1 Value Chain Analysis
10.2 SWOT Analysis
*11. Competitive Landscape*
11.1 Competitive Positioning
11.2 Prominent Companies Market Share
11.3 Company Profiles
· Danone
· Nestle
· Natura Foods
· Oatly Group
· Unilever
· Epigamia
· Earth's Own Food Company
· Koninklijke DSM
· Plamil Foods
· Sunrise Soya Foods
For more information about this report visit https://www.researchandmarkets.com/r/fansg1
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*Attachment*
· Global Plant Based Dairy Products Market
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