Global Dairy Alternatives Market: Key Highlights
Global Dairy Alternatives Market: Key Market Dynamics
Global Dairy Alternatives Market: Regional Overview
The dairy alternatives market in the North American region is growing at a robust pace owing to rise in adoption of plant based products. Rising environmental concern with ill effects of consuming animal-derived food products is shifting the consumer’s interest towards flexitarian and vegan diet. Increasing count of vegan population along with expansion of vegan food outlets in the US, is further driving the market growth.
In Europe, the diary alternative market is expected to gain higher market share in the years to follow. Owing to growing number of Europeans preferring meat-free and vegan die especially among young population, an outcome of higher awareness regarding negative impact of meat and animal-derived products is driving the market growth. Rapid shift towards consuming meat alternatives in Finland, German, UK among the key contributing European countries, is driving the demand for dairy alternatives.
Global Dairy Alternatives Market: Key Players Overview
Axiom Foods Inc. is a manufacturer and supplier of the plant based food, sugar, starched, protein and dairy alternatives globally. The company offers clean, allergen friendly and natural products used in varied application areas including beverages, bakery products and others. Axiom foods offers Oryz-O-Lait, and AvenOlait, oat and wheat based dairy alternatives ingredient, a substitute for the population intolerance towards soy and dairy products.
ADM operates through offering product used across food and beverage, animal nutrition, fuels and agricultural services. The company offers plant based proteins, soy flour, texture soy protein and other products. In November 2018, the company signed an agreement with the Perfect Day, a manufacturer of animal free dairy products for development of vegan proteins, used across various food and beverage applications.
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