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.
Brief Approach to Research
The report follows a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is offered by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
- An overview of the market, including background and evolution
- Macroeconomic factors affecting the market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the market
- The cost structure of the products and segments covered in the study
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, application, sales channel, and end user.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.