Latest Market Research Reports

  Dairy Alternatives Market Summary The global  dairy alternative market  size was valued at USD 32.77 billion in 2024 and is expected to reach USD 66.91 billion in 2030, growing at a CAGR of 12.7% from 2025 to 2030. The steady rise in market value is primarily attributed to the increasing prevalence of milk allergies among consumers worldwide. As more individuals experience adverse reactions to traditional dairy products, plant-based substitutes have gained significant relevance as safe and accessible options. Furthermore, evolving dietary preferences and the rapidly growing acceptance of vegan lifestyles are anticipated to further strengthen market growth during the forecast period. Consumers are placing greater emphasis on health-conscious eating habits, sustainability, and ethical consumption. According to data published in April 2023 by the National Library of Medicine, around 65% of the global population is lactose intolerant, highlighting the widespread need for da...

  Dairy Alternatives  Industry Overview The global dairy alternatives market size was valued at USD 29.18 billion in 2023 and is anticipated to grow at a CAGR of 12.6% from 2024 to 2030. The market is gaining momentum and witnessing high demand due to changing consumer eating patterns and diet trends. Rising cases of milk allergies and lactose intolerance are expected to increase demand for dairy alternatives in the coming years. Over 60% of the world's population has some level of milk allergy, according to the World Health Organization. More than 30 million American adults are lactose intolerant. Primary lactose intolerance seems to have a genetic component, with high intolerance levels in specific populations: About 95% of Asians, 60-80% of African Americans and Ashkenazi Jews, 80-100% of American Indians, and 50-80% of Hispanics. Lactose intolerance is least common among people of northern European origin, with a prevalence of only about 2%. Many food and beverag...