Animal Free Dairy Products Market Size to Reach USD 60.24 Billion by 2030; Industry Compound Annual Growth Rate of 10.4% | Danone North America Public Benefit Corporation, The Hain Celestial Group, Inc., Blue Diamond Growers, etc.
The global animal-free dairy products market size is expected to reach USD 60.24 Billion at a steady revenue CAGR of 10.4% in 2030, according to the latest analysis by Emergen Research. Growth in consumer preference for a vegan diet can be attributed to the steady market revenue growth of animal-free dairy products. In a Global Consumer Survey on diets and nutrition in the United States in 2022, about 5% of respondents identified as vegan. In 2016, 2019, and 2020, The Vegetarian Resource Group and The Harris Poll performed an online survey, and the results showed that 3% of respondents were Americans who were vegans. According to research, the proportion of Americans who identify as vegan increased by 600% between 2014 and 2017, from 1% to 6%. Even though that is a relatively small fraction of the total, other data show that customers who do not identify as vegetarians or vegans are becoming more interested in plant-based diets. Hence, the growth in consumer preference for a vegan diet is leading to a rise in demand for animal-free dairy products, which is in turn driving revenue growth of the market.
To help users, readers, and investors understand the market scenario precisely, Emergen Research has published a new report on the global animal free dairy products market. The report explains current and emerging market trends. In addition to market share, revenue growth, market size, drivers, restraints, growth opportunities, limitations, top companies and market segmentation, the report also offers in-depth information about market segments, drivers, restraints, growth opportunities, and limitations. A thorough primary and secondary research process was undertaken to compile the report, which is verified by industry experts. The data is well-represented with the use of charts, graphs, tables, figures and other pictorial elements.
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A recent trend in the market is rising demand for vegan ice creams and novelties. As there is rising demand for these products, many key market players are launching new vegan ice cream and novelty products. For instance, Wicked Cuisine Inc., Edina, Minnesota, expanded its Wicked Kitchen brand to include plant-based ice creams and novelty items in addition to its extensive line of plant-based foods. Pint-sized ice creams in the following flavors are available: Vanilla, Chocolate, Mint Chocolate Chip, and Cookie Dough. Chocolate & Almond Sticks, Berry White Sticks, and Chocolate & Red Berry Cones are three brand-new novelties. Currently, 2,200 Kroger stores and its other store banners, such as City Market, Dillons, Foods Co, Fred Meyer, Fry’s, Gerbes, Jay C Food Store, King Soopers, Mariano’s, Metro Market, Pay-Less Super Markets, Pickn Save, QFC, Ralphs, Ruler, and Smith’s Food and Drug, carry pints and hand-held stick and cone novelties from Wicked Kitchen.
Some major companies in the global market report include Danone North America Public Benefit Corporation, The Hain Celestial Group, Inc., Blue Diamond Growers, SunOpta, Freedom Foods Group Limited, Sanitarium, Eden Foods, Tomorrow Farms, Earth’s Own, Perfect Day, Inc.
Global animal free dairy products Market Highlights:
- Regional demand estimation and forecast
- Product Mix Matrix
- R&D Analysis
- Cost-Benefit Analysis
- Pre-commodity pricing volatility
- Supply chain optimization analysis
- Technological updates analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Mergers & Acquisitions
- Location Quotients Analysis
- Carbon Footprint Analysis
- Patent Analysis
- Vendor Management
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How will this Report Benefit you?
An Emergen Research report of 250 pages contains 194 tables, 189 charts and graphics, and anyone who needs a comprehensive analysis of the global animal-free dairy products market, as well as commercial, in-depth analyses of the individual segments, will find the study useful. Our recent study allows you to assess the entire regional and global market for animal-free dairy products. In order to increase market share, obtain financial analysis of each segment and the whole market. Look at how you can utilize the current and potential revenue-generating opportunities available in this sector. We believe that there are significant prospects for energy storage technology in this industry due to the rapid expansion of the technology. In addition to helping you build growth strategies, improve competitor analysis, and increase business productivity, the research will also assist you in making better strategic decisions.
Key Parameters Analyzed in This Section:
- Company Profiles
- Gross Revenue
- Profit margins
- Product sales trends
- Product pricing
- Industry Analysis
- Sales & distribution channels
- North America
- Latin America
- Middle East & Africa
- Asia Pacific
Emergen Research has segmented the global animal-free dairy products market on the basis of source, formulation, products, distribution channel:
- Source Outlook (Revenue, USD Million; 2019–2030)
- Other Sources
- Formulation Outlook (Revenue, USD Million; 2019–2030)
- Products Outlook (Revenue, USD Million; 2019–2030)
- Other Products
- Distribution Channel Outlook (Revenue, USD Million; 2019–2030)
- Health food Stores
- Other Distribution Channels
- Besides offering a vivid depiction of the global animal free dairy products business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2022-2030).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
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