Dairy Alternatives Market Size

Dairy Alternatives Market Size

Dairy Alternatives Market size exceeded USD 27.5 billion in 2022 and is poised to depict a 9% CAGR during 2023 to 2032. Over the last decade, consumers have become more aware about the advantages of dairy alternatives over dairy products, which have led to the soaring demand for these products. Plant-based dairy manufacturers are producing products enriched with protein, immunity ingredients and added nutrients. Through effective product labelling, they are communicating these health benefits on-pack. Soy milk, almond milk, oat milk, hazelnut milk, and rice milk are now readily available at retail & grocery shops, further escalating the market demand.

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Almond-based dairy replacements are particularly good for calorie-conscious people because they are cholesterol- and saturated-fat-free and come in a variety of flavors, from basic sweetened to plain unsweetened to flavored unsweetened. Almonds are perennial nutritious food with a green, hard shell that cracks open right before the harvesting period. It is available in numerous forms, including sliced, whole, chopped, or slivered, or in form of almond milk, syrup, flour, oil or paste forms, etc. Almonds are largely produced in the U.S, Spain, Morocco, Iran, Turkey, and Italy