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Plant-based Dairy Market Poised to Surge USD 30.5 Billion By 2031

Plant-based Dairy Market Poised to Surge USD 30.5 Billion By 2031
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Plant-based Dairy Market Poised to Surge USD 30.5 Billion By 2031

Plant-based Dairy Market Poised to Surge USD 30.5 Billion By 2031
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The Worldwide Dairy Alternatives Industry is Expected to Reach $44.9 Billion by 2027

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This report provides an in-depth analysis of dairy alternatives in five major geographies and emphasizes on the current market trends, market size, recent developments, and forecast till 2027. The global dairy alternatives market is expected to grow at a CAGR of 11.2% from 2020 to 2027 to reach $44.9 billion by 2027.
The growth projections of this market are mainly attributed to factors such as the increasing intolerance for animal-based dairy products, nutritional benefits offered by plant-based dairy products, growing investments into the dairy alternatives marketspace, and increasing vegan and vegetarian population. Moreover, the growing demand for vegan products from emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa is expected to create lucrative opportunities for players operating in this market. However, the preference for animal-based products and growing ....

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