TechNavio Research Sheds Light on the Global Dairy Alternative Beverages Market

LONDON - July 25, 2014 - PRLog -- TechNavio, the independent tech-focused global research firm, has published a report on the Global Dairy Alternative Beverages Market, which is expected to grow at a CAGR of 15.74 percent through 2018.

Dairy alternatives are plant-based milk drinks extracted from cereals, nuts, and seeds. They are primarily consumed by vegans, lactose or dairy-intolerant individuals and people with milk allergies.

The demand for dairy alternative beverages is growing as more consumers pursue non-traditional diets for health and wellness reasons.

The Global Dairy Alternative Beverages Market is spread across the Americas, Europe, the Asia Pacific (APAC) region, and the rest of the world (ROW). The Americas predominantly controlled the market in 2013, followed by the APAC region, Europe, and the ROW. The APAC region is expected to register the highest CAGR of 20.32 percent during the period 2013-2018.

Varying lifestyle, a growing middle class, enhanced disposable income, belligerent retail marketing, aging population, and intensifying standard of living is expected to influence the market in the APAC region during the forecast period.

Key Market Drivers:

·         Health Benefits

·         Increased Demand for Almond Milk

·         Extensive Choice

·         Decline in Consumption of Natural Milk

Key Market Trends:

·         Rising Adoption of Vegan Diet

·         Introduction of Single Serve Dairy Alternative Beverages

·         Increase in Disposable Income

·         Entry of Private Label Offerings

“The consumption of natural milk is gradually declining in the US. Conversely, there is high adoption of non-dairy beverages such as almond milk, coconut milk, soy milk, flax milk, rice milk, juices, and bottled water,” says Faisal Ghaus, Vice President of TechNavio.

According to the USDA, in 1975 the per capita consumption of dairy products was 261 pounds in the US. However, by 2012, per capita consumption had fallen to 195 pounds, which equates to a 25.3 percent decline.

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the, Global Dairy Alternative Beverages Market 2014-2018, please send an e-mail to media@TechNavio.com.

About TechNavio

TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.

We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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