Leading Players in the Dairy Alternatives Market
Added: (Thu Oct 12 2023)
Pressbox (Press Release) -
The Dairy Alternatives Market is on the cusp of an impressive ascent, projected to soar to a substantial $44.9 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 11.2% during the forecast period spanning from 2020 to 2027. This phenomenal growth is fueled by several pivotal factors, including the burgeoning prevalence of animal protein intolerance, the manifold nutritional benefits provided by plant-based sustenance, a burgeoning vegan demographic, and a surge in investments in plant-based food ventures. Furthermore, emerging economies are furnishing substantial opportunities for stakeholders in the global dairy alternatives sector.
Top 10 Pioneering Companies Leading the Charge in the Dairy Alternatives Market: https://meticulousblog.org/top-10-companies-in-dairy-alternatives-market/
1. Danone SA - A global heavyweight in the development, manufacturing, and distribution of food products and beverages, Danone boasts an impressive brand portfolio including international favorites like Activia, Actimel, Alpro, and more. With a strong presence in over 120 countries, Danone offers a wide array of plant-based dairy and meat alternatives.
2. Follow Your Heart - Established in 1970, Follow Your Heart is renowned for its production and sale of vegan and vegetarian food products. In the dairy alternatives sector, they are recognized for their delectable vegan cheese and yogurts, which are available in 23 countries through various channels.
3. The Hain Celestial Group, Inc. - An industry leader engaged in the manufacturing, marketing, and distribution of food products, personal care items, and alternative meat solutions, The Hain Celestial Group offers a diverse array of soy, rice, oat, almond, and coconut-based beverages. They market plant-based food under various brands in more than 70 countries.
4. Sahmyook Foods - Founded in 1978 in South Korea, Sahmyook Foods specializes in producing and promoting vegetarian and vegan products, including soy milk and beverages. Their geographic presence spans across North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
5. Sanitarium Health And Wellbeing Company - Established in 1898, this Melbourne-based company is dedicated to producing plant-based breakfast cereals and vegetarian offerings. With products like weet-bix, up & go, so good, and more, Sanitarium Health And Wellbeing caters to consumers in the Asia-Pacific region.
6. Axiom Foods, Inc. - A well-established player in the industry, Axiom Foods specializes in plant-based breakfast cereals and vegetarian products. Their portfolio includes weet-bix, up & go, so good, and more, while their So Good brand offers milk alternatives. They operate in the Asia-Pacific region.
7. Daiya Foods Inc. - Founded in 2008 and headquartered in Canada, Daiya Foods is dedicated to producing and supplying a wide range of plant-based food products, including cheese alternatives, yogurt substitutes, dressings, and desserts. They have a strong presence in North America, Latin America, Europe, and Asia-Pacific.
8. Earth’s Own Food Company, Inc. - Founded in 1996 in Canada, Earth’s Own Food Company focuses on manufacturing and selling nutritional F&B products, including non-dairy beverages, soy beverages, non-dairy puddings, and organic rice beverages. Their products are available in health and grocery stores and are distributed under brands like So Good, So Nice, and Almond Fresh within Canada.
9. Vbites Food, Ltd. - Established in the UK in 1993, Vbites is a leader in manufacturing and selling plant-based food products, ranging from dairy-free and fish-free options to meal kits and meat-free alternatives. Their dairy alternatives include plant-based cheese and cream, with a presence in over 25 countries worldwide.
10. Sunopta Inc. - Founded in 1973 in Canada, Sunopta specializes in sourcing, processing, and distributing plant-based foods and beverages, organic ingredients, and organic foods and beverages. They offer a range of dairy alternatives, including oatmilk, soymilk, almondmilk, coconutmilk, and hempmilk, with a presence across the Americas, Europe, Africa, and Asia.
Top 10 Pioneering Companies Leading the Charge in the Dairy Alternatives Market: https://meticulousblog.org/top-10-companies-in-dairy-alternatives-market/
These innovative companies are at the forefront of the dairy alternatives market, offering an array of plant-based products that cater to the evolving consumer demand for healthier, sustainable, and animal-friendly food options.
For further in-depth insights into the Dairy Alternatives Market, including comprehensive company analysis, recent financial performance, key products, strategic endeavors, and partnerships, refer to Meticulous Research®’s authoritative report titled "Dairy Alternatives Market – Global Opportunity Analysis and Industry Forecast (2020-2027)." This comprehensive report delivers estimations of global market size, market share analysis, revenue figures, and coverage of significant industry trends.
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