Dairy-Free Spreads Market Overview
Increasing practice of veganism has fuelled the demand of Dairy-free products over the years. Dairy-free spreads are traditional spreads which are prepared from alternative dairy sources such as soy milk, almond milk, coconut milk. Dairy-free spreads are also prepared by attenuating other ingredients like plant-based fats and extracts to replace dairy-based ingredients. Increasing dairy allergy over the years contributes for the alternative sources such as Dairy-free spreads. As a new product, Dairy-free spread has also become a sense of attraction among the consumers in the introductory market. North America stands as the major consuming region for the Dairy-free spreads owing to its comparatively large population following the strict vegan diet. Dairy-free spreads equally contains the same nutrient levels of calcium, fats and other constituents like regular spreads. Dairy-free spreads are being utilized and replaced in all processed foods where dairy products are being used, which drives the global Dairy-free spreads market.
Growing Lactose Intolerance Fueling Use of Dairy-free Spreads:
Over the past years, dairy-based products has declined in few developed countries due to factors including dairy allergies and developing veganism, which generated the alternative sources of dairy-free products. There is a growing demand among the vegan consumers on Dairy-free spreads, as it forms the vital constituent in most of the bakery and confectionery products. The manufacturers in the Dairy-free spreads market have the flexibility to operate in both business-to-business segment and business to consumer segment which is expected to help the manufacturers maintain a market presence over various regions. Along with vegan population, the Dairy-free spreads has also covered other consumers as a product attraction. The Dairy-free spreads are expected to proliferate in terms of value & volume due to growing veganism, modernizing lifestyle and search for alternative dairy soucers.
Global Dairy-Free Market: Key Players:
Some of the key players operating in the global Dairy-free spreads market includes Bute Island Foods, Country Crock, Veganoo, Follow Your Heart, Earth Balance, The Nutrimento, biona organic, Kerry Group plc, DREAM, Vbites, etc. More Industrialists and Dairy-free product developers are showing keen interests in Dairy-free spreads as it has widening applications and emerging demands every year.
Opportunities for Market Participants
Manufacturers participating in Dairy-free spreads market is expected to witness higher revenue generation over the forecast period as the dairy-free products are expected to penetrate into wider geographical regions. The Dairy-free spreads are expected to get adopted by major food processors into their key products to maintain the vegan trend which in turn is anticipated to fuel demand for Dairy-free spreads over the forecast period.
Global Dairy-free Spreads: A Regional Outlook
Dairy-free spreads has generated global demand and production due to its ample applications. Dairy- free spreads are highly produced and consumed in North America, due to increased vegan population in the recent years. According to Faunalytics, a nonprofit research organization for animals, the vegan population of U.S is around 1.62 Mn in 2017. This is ascribed to the increasing demand for dairy-free spreads in the region. The increasing dairy allergies in the Europe has contributed for the escalating demand and supply chains of Dairy-free spreads. In the region of Latin America Dairy-free spreads are being used in most of the confectionaries and bakery products with increasing adoption of a vegan lifestyle. In Asia-Pacific, there is a huge supply chains and imports being developed as an introductory product. In Middle East and Africa, the dairy-free spreads are recently germinated and expected to grow positively as an alternative sources of Dairy-based food.
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Global Dairy-Free Spreads Market: Segmentation:
On the basis of nature, the global Dairy-free spreads market has been segmented as –
On the basis of application, the global Dairy-free spreads market has been segmented as–
- Processed Fruits
- Frozen Deserts
On the basis of distribution channel, the global Dairy-free spreads market has been segmented as –
- Modern Store Format
- Departmental Store
- Convenience Store
- Specialty Food Stores
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