Middle East and Africa Dairy Alternative Market, By Product Type (Soy Milk, Almond Milk, Coconut Milk, Cashew Milk, Oat Milk, Rice Milk), Type (Inorganic, Organic), Formulation (Plain & Sweetened, Flavored & Unsweetened, Flavored & Sweetened, Plain & Unsweetened), Application (Food, Beverages), Nutritive (Protein, Vitamins, Carbohydrates), Distribution Channel (Supermarkets/Hypermarkets, Online, Specialized Stores), Country (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: Middle East and Africa Dairy Alternative Market
The dairy alternative market is expected to witness market growth at a rate of 9.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on dairy alternative market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of dairy alternative market.
Dairy alternatives are defined as the products that are generally made from plant-based products such as soy, almond and pea, among others. These products are known to have a number of advantages such as gluten-free, lactose-free, sugar free, GMO-free, and cholesterol free.
The increase in incidences of lactose intolerance across the globe acts as one of the major factors driving the growth of dairy alternative market. The shift in consumer eating patterns and change in diet trends, and high adoption of the products owning to their ability to risk of heart disease, obesity, and diabetics, accelerate the market growth. The rise in consumer base that is opting for plant-based and other dairy alternatives, and increase in trend of almond milk among population because of its low in calories, enriched with vitamin D further influence the market. Additionally, adoption of natural food products, rise in health consciousness, media influence on consumer awareness and surge in spending on food positively affect the dairy alternative market. Furthermore, favorable marketing and correct positioning of dairy alternatives, and rise in demand for organic food products extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, volatile prices of raw materials and allergies associated with plant-based sources, such as soy and almonds, are expected to obstruct the market growth. The limited awareness among consumers and increase in preference for genetically modified (GM) soybeans are projected to challenge the dairy alternative market in the forecast period of 2021 to 2028.
This dairy alternative market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 alternative market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Dairy Alternative Market Scope and Market Size
The dairy alternative market is segmented on the basis of product type, type, formulation, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the dairy alternative market is segmented into soy milk, almond milk, coconut milk, cashew milk, oat milk, and rice milk.
- On the basis of type, the dairy alternative market is segmented into inorganic and organic.
- On the basis of formulation, the dairy alternative market is segmented into plain & sweetened, flavored & unsweetened, flavored & sweetened, and plain & unsweetened.
- On the basis of application, the dairy alternative market is segmented into food and beverages.
- On the basis of nutritive, the dairy alternative market is segmented into protein, vitamins, and carbohydrates.
- On the basis of distribution channel, the dairy alternative market is segmented into supermarkets/hypermarkets, online and specialized stores.
Middle East and Africa Dairy Alternative Market Country Level Analysis
The dairy alternative market is analyzed and market size insights and trends are provided by country, type, type, formulation, application and distribution channel as referenced above.
The countries covered in the Middle East-Africa dairy alternative market report are Saudi Arabia, South Africa, UAE, Israel, Kuwait, Egypt and Rest of Middle East and Africa.
Saudi Arabia dominates the Middle East-Africa dairy alternative market due to the growth in awareness.
The country section of the 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.
Competitive Landscape and Middle East and Africa Dairy Alternative Market Share Analysis
The dairy alternative 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 alternative market.
The major players covered in the dairy alternative market report are The Whitewave Foods Company, Kite Hill, Oalty, Blue Diamond Growers, Earth's Own Food Company Inc., Sunopta, Pureharvest, Pacific Foods Of Oregon, Inc., Sanitarium, Hain Celestial and Others, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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