Arab & Middle East News
(ARABNEWSWIRE.COM, October 12, 2017 ) According to the report “Middle East and Africa Dairy Alternatives Market By Type (Almond Milk, Soy Milk, Rice Milk, Others), By Formulation (Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened), By Application (Food & Beverages), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Middle East and Africa Dairy Alternatives Market was worth USD 0.89 billion in 2016 and is estimated to be growing at a CAGR of 12.487%, to reach USD 1.60 billion by 2021.
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The market is showing great potential in the mentioned forecasting period. Dairy alternative has become a growing need for consumers who are allergic to conventional milk and milk products. Most of the customers select dairy alternatives because of intolerances or allergies to cow’s milk while others choose them for taste. Consumers allergic to dairy products are keenly looking for plant based milk with huge amount of nutrients, vitamins and calcium with same contentment as the cow’s milk. Dairy milk was the healthiest food in the past but increasing allergic consumers would decrease the demand for dairy products in future.
Food and beverages which are based on Dairy alternatives are prepared from dairy-free milk, extracted from numerous plant based sources. They are gradually being consumed by lactose intolerant and vegan consumers. There is a wide range of food and beverages available in the market, prepared from milk, which in turn is derived from sources such as almond, rice, soy, coconut and others. Commonly consumed dairy alternative based products are milk, butter, ice-cream, cheese, soft drinks, energy drinks and others.
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The market is driven by the rapid demand of the dairy alternative products in the Middle East & Africa region. In the recent times, South Africa, Israel and Egypt are observing high demand of dairy alternatives, majorly due to the growing environmental concerns, changes in lifestyle and eating pattern. There are a growing number of people who are allergic to dairy products. This is stimulating the growth of the dairy alternatives market in this region. The major factors restraining the growth of the dairy alternatives market is the high cost associated with the consumption of dairy alternatives.
The Middle East & Africa dairy alternatives market is broadly categorized into Soy Milk, Almond Milk, Rice Milk and others. Based on formulation, the market is segmented as Plain Sweetened, Plain Unsweetened, Flavoured Sweetened and Flavoured Unsweetened. Based on Application, the market is further segmented into Food & Beverages.
There are many players which are dominating the market, some of the key companies include Sanitarium Health & Wellbeing Company, Blue Diamond Growers, The WhiteWave Foods Company, Freedom Foods Group Limited, Daiya Foods Inc., Nutriops S.L., SunOpta Inc., The Hain Celestial Group Inc., Earth’s Own Food Company, Archer Daniels Midland Company and Eden Foods, Inc.
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