Segmentation: Global Dairy Alternative Market

Global dairy alternatives market is segmented into seven notable segments which are product type, type, formulation, application, nutritive, distribution channel, brands.

On the basis of product type, the market is segmented into almond milk, soy milk, coconut milk, rice milk, oat milk, cashew milk and others. In 2019, the almond milk growing at the highest CAGR of 10.5% in the forecast period 2018-2025.

In August, Kite Hill(U.S.) launched squeezable vegan yogurt tubes dairy free brand at whole food market in the country.

On the basis of type, the market is segmented into organic and inorganic, in 2018, organic is expected to reach USD 11,043.04 million by 2025, with the highest CAGR of 9.9% in the forecast period of 2018 to 2025.

On the basis of nutritive component, the market is segmented into protein, starch, vitamins, others. In 2018, protein segment growing with the highest CAGR of 9.9% in the forecast period 2018 to 2025.

In June, Ripple Foods (U.S.) launched vegan green yoghurt which is made from pea protein .It is plant based milk.

On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, specialized store, online, others. In 2018, online segment is growing with the highest CAGR of 10.3% in the forecast period of 2018 to 2025.

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In February, Yoconut Dairy Free (U.S.) developed a lean business model for the customer satisfaction. By this business model company wanted to get the customer stratification.

Competitive Analysis: Global Dairy Alternative Market

Some of the prominent participants operating in this market 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

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Product Launch:

In August, Vitasoy International Holdings Limited (Hong Kong) launched high calcium plant milk in Australia. On international World Plant Milk Day company launched this product and shared health benefits of plant milk.

In November, VALSOIA S.P.A (Italy) launched two almond gelato formats. It is 100% dairy free product. This product name was Il Gelato auf basis von mandeln 4 ministicks and Il Gelato auf basis von mandeln 8 Sandwich.

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