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Dairy Reporter Identifies MarketsandMarkets to be a Key Source in their Article on Dairy Alternatives Market
MarketsandMarkets was named as a key source in an article on dairy alternatives market published by Dairy Reporter.
Dairy alternatives are food and beverages that do not contain any dairy product or lactose, and have certain health benefits, especially for those who are lactose-intolerant or have any allergies. The global market for dairy alternatives has grown significantly over the past few years. The market value is estimated to reach $19.5 Billion by 2020, growing at a CAGR of 15.5% from 2015 to 2020. Changing lifestyles, rising health awareness, growing number of cases of lactose allergy, and growing food & beverage industry are the major reasons responsible for the growth of this market. Moreover, manufacturers are also taking necessary steps towards providing dairy alternatives in various forms.
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Report mentioned in the above news is,
Dairy Alternatives Market by Type (Soy milk, Almond milk, Rice milk, Others), Formulation (Plain sweetened, Plain unsweetened, Flavored sweetened, Flavored unsweetened), Application (Food & Beverages) ,& by Region - Global Forecast to 2020