Dairy-Free Spreads Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Growing Lactose Intolerance Fueling Use of Dairy-free Spreads:

Over the past years, dairy-based products has declined in few developed countries due to factors including dairy allergies and developing veganism, which generated the alternative sources of dairy-free products. There is a growing demand among the vegan consumers on Dairy-free spreads, as it forms the vital constituent in most of the bakery and confectionery products. The manufacturers in the Dairy-free spreads market have the flexibility to operate in both business-to-business segment and business to consumer segment which is expected to help the manufacturers maintain a market presence over various regions. Along with vegan population, the Dairy-free spreads has also covered other consumers as a product attraction. The Dairy-free spreads are expected to proliferate in terms of value & volume due to growing veganism, modernizing lifestyle and search for alternative dairy soucers.

Global Dairy-Free Market: Key Players:

Some of the key players operating in the global Dairy-free spreads market includes Bute Island Foods, Country Crock, Veganoo, Follow Your Heart, Earth Balance, The Nutrimento, biona organic, Kerry Group plc, DREAM, Vbites, etc. More Industrialists and Dairy-free product developers are showing keen interests in Dairy-free spreads as it has widening applications and emerging demands every year.

Opportunities for Market Participants

Manufacturers participating in Dairy-free spreads market is expected to witness higher revenue generation over the forecast period as the dairy-free products are expected to penetrate into wider geographical regions. The Dairy-free spreads are expected to get adopted by major food processors into their key products to maintain the vegan trend which in turn is anticipated to fuel demand for Dairy-free spreads over the forecast period.

Global Dairy-free Spreads: A Regional Outlook

Dairy-free spreads has generated global demand and production due to its ample applications. Dairy- free spreads are highly produced and consumed in North America, due to increased vegan population in the recent years. According to Faunalytics, a nonprofit research organization for animals, the vegan population of U.S is around 1.62 Mn in 2017. This is ascribed to the increasing demand for dairy-free spreads in the region. The increasing dairy allergies in the Europe has contributed for the escalating demand and supply chains of Dairy-free spreads. In the region of Latin America Dairy-free spreads are being used in most of the confectionaries and bakery products with increasing adoption of a vegan lifestyle. In Asia-Pacific, there is a huge supply chains and imports being developed as an introductory product. In Middle East and Africa, the dairy-free spreads are recently germinated and expected to grow positively as an alternative sources of Dairy-based food.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the market, including background and evolution
• Macroeconomic factors affecting the market and its potential
• Market dynamics, such as drivers, challenges, and trends
• Detailed value chain analysis of the market
• The cost structure of the products and segments covered in the study

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)