The market for dairy products without animal ingredients had a value of USD 24.53 billion in 2021 and is projected to grow at a rate of 10.4% during the forecast period. The constant rise in consumer choice for a vegan diet might be linked to the market revenue growth of dairy products without any animal components. According to Rakuten's 2021 worldwide consumer survey, 81% of participants had tried plant-based milk, 48% had tried various dairy substitutes, 44% had tried vegan meat alternatives, and 25% had tried vegan eggs. NSF surveyed professionals in the food sector worldwide in 2021, and 88% of them said they anticipated a rise in the demand for plant-based products. Consumers choose plant-based diets because they promote healthier lifestyles, according to 74% of respondents, and 60% said they do so for environmental reasons. Dietary and lifestyle preferences are part of veganism. When someone chooses to become vegan, they make every effort to avoid products that use or exploit animals.

The latest research report by Emergen Research, named ‘Global Animal Free Dairy Products Market. The report provides a detailed outlook on how the pandemic has affected the key segments of the Animal Free Dairy Products Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Animal Free Dairy Products Market industry. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Animal Free Dairy Products Market  

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Animal Free Dairy Products market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Danone North America Public Benefit Corporation, The Hain Celestial Group, Inc., Blue Diamond Growers, SunOpta, Freedom Foods Group Limited, Sanitarium, Eden Foods, Tomorrow Farms, Earth’s Own, Perfect Day, Inc

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Emergen Research has segmented the global Animal Free Dairy Products market on the basis of type, application, end-use, and region:

• Source Outlook (Revenue, USD Million; 2019–2030)

  • Soy
  • Almond
  • Coconut
  • Other Sources

• Formulation Outlook (Revenue, USD Million; 2019–2030)

  • Flavored
  • Plain

• Product Outlook (Revenue, USD Million; 2019–2030)

  • Milk
  • Ice-Cream
  • Yogurt
  • Other Products

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Animal Free Dairy Products Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Animal Free Dairy Products Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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