Global Dairy Free Snacks Market, By Product Type (Chips and Crisps, Meat Snacks, Fruit Bars/Granola Bars/Energy Bars, Fruit Snacks, Nuts, Seeds and Snack Mixes, Others), End-users (Individual Consumers, Hotels and Restaurants, Cafes, Bakeries, Others), Distributional Channel (Supermarkets and Hypermarkets, Convenience Stores, Online, Others) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Dairy Free Snacks Market
The dairy free snacks market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 8.24 billion and grow at a CAGR of 8.80% in the above-mentioned forecast period. Increasing incidences of lactose intolerances and allergies caused by milk and milk products have created a significant market for the dairy-free snacks industry which acts as an essential factor driving the dairy free snacks market.
Dairy-free snacks are defined as the type of snack items which do not contain milk and milk-based products as their ingredients. All dairy-free snacks do not consist of lactose and hence suitable for lactose intolerant individuals. They are generally prepared from milk substitutes such as plant-based milk derived from tofu, soy, tempeh among others. Some of the basic consumed dairy-free snacks include dairy-free ice creams, chocolates, yogurts, sandwiches, bagels, sour cream, cream cheese, puddings among others.
Rise in the concerns over unethical treatment of farm animals and the harmful effects of the catastrophic impact of the dairy industry on the environment acts as a vital factor escalating the market growth, also increase in the rate of lactose intolerances in certain ethnic groups such as African Americans, Arabs, and Asians, increasing trend of veganism and rising development of dairy-free snacks, which tastes identical or sometimes better than conventional snacks collectively acts as the major factors among others driving the dairy free snacks market briskly. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the dairy free snacks market in the forecast period of 2021- 2028.
However, rising prices of the dairy free snacks and rising unawareness among the consumers about the products available in the market are the major factors among others acting as restraints, and will further challenge the dairy free snacks market in the forecast period.
The dairy free snacks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dairy free snacks market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Dairy Free Snacks Market Scope and Market Size
The dairy free snacks market is segmented on the basis of product type, end-users and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of product type, the dairy free snacks market is segmented into chips and crisps, meat snacks, fruit bars/granola bars/energy bars, fruit snacks, nuts, seeds and snack mixes and others.
- Based on end-users, the dairy free snacks market is segmented into individual consumers, hotels and restaurants, cafes, bakeries and others.
- The dairy free snacks market is also segmented on the basis of distribution channel into supermarkets and hypermarkets, convenience stores, online and others.
Dairy Free Snacks Market Country Level Analysis
The dairy free snacks market is analysed and market size insights and trends are provided by country, product type, end-users and distribution channel as referenced above.
The countries covered in the dairy free snacks market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the dairy free snacks market due to rise in the concerns over unethical treatment of farm animals and the harmful effects of the catastrophic impact of the dairy industry on the environment in this region. Asia-Pacific is the expected region in terms of growth in dairy free snacks market due to increasing trend of veganism and increasing incidences of lactose intolerances and allergies caused by milk and milk products in this region.
The country section of the dairy free snacks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Dairy Free Snacks Market Share Analysis
The dairy free snacks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dairy free snacks market.
The major players covered in the dairy free snacks market report are Bliss Unlimited, LLC, Enjoy Life Foods, FONA International Inc., General Mills Inc., Granarolo S.p.A, Moo Free Ltd, Pacari Chocolatem PepsiCo, Tofutti Brands, Inc and violifefoods other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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