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SAN FRANCISCO, April 27, 2021 /PRNewswire/ The global dairy alternatives market size is expected to reach
USD 52.58 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to
expand at a CAGR of 12.5% from 2021 to 2028. The rise in demand for plant-based alternatives and changing consumer diets utilizing milk alternatives are driving the demand for dairy alternatives. Increasing occurrence of milk allergies or cases of lactose intolerance is expected to drive the market further. People with lactose intolerance are increasingly opting for milk alternatives, which has made beverage manufacturers adopt dairy alternatives to appeal to the respective consumer base, further propelling the demand for dairy alternatives.