UK Dairy Alternative Market Growth 2023- Industry Share, Emerging Trends, Revenue, Business Opportunities and Forecast Analysis till 2033: SPER Market Research
Dairy substitutes are plant-based products that are intended to replace conventional dairy products. This provides an alternative for people who are unable or unable to consume animal-derived dairy products. Soy, almond, oat, coconut, and rice-based substitutes have been turned into milk, cheese, yoghurt, and other dairy-like products. Lactose intolerance, ethical concerns about animal suffering, and a better grasp of environmental sustainability are driving increased demand for these alternatives. As health and lifestyle concerns grow, this shift mirrors a broader cultural shift towards more inclusive and environmentally friendly food options.
According to SPER market research, United Kingdom Dairy Alternatives Market Size-By Category, By Distribution Channel -Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Europe Optical Power Meter Market is predicted to reach USD 7.88 billion by 2033 with a CAGR of 17.89%.
It is anticipated that the dairy substitute sector will be significantly impacted by the rising incidence of lactose intolerance and milk allergy. Lactose intolerance is a prevalent genetic disorder. Lactose-intolerant patients prefer lactose-free, plant-based calcium and vitamin supplements. Growing consumer health concerns, combined with rising disposable money, will fuel demand for dairy substitutes in both established and emerging markets. Rising consumer knowledge of the necessity of a healthy diet, as well as increased demand for goods with lower cholesterol and fat content, will provide market competitors with new opportunities.
Despite their growing popularity, dairy alternatives confront significant market challenges. Customers frequently compare the sensory experience of plant-based alternatives to that of traditional dairy products, making taste and texture duplication a big issue. Achieving a dairy-like flavour and mouthfeel can be difficult and requires constant creativity. Furthermore, some customers perceive dairy alternatives to be more expensive than regular dairy products, which creates a financial obstacle.
Distribution and availability may also be challenging because not all locations or merchants have a diverse choice of dairy alternatives. Another barrier is the possibility of cross-contamination in production facilities, which limits alternatives for people with severe allergies.
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Impact of COVID-19 on United Kingdom Dairy Alternative Market
The worldwide dairy alternatives industry has experienced a long-term impact due to the COVID-19 pandemic, as evidenced by alterations in consumer behaviour and market dynamics. Customers’ dairy alternatives preferences have evolved as a result of supply chain problems, lockdowns, and increased health concerns. The epidemic has hastened the rise of plant-based diets as individuals become more health-conscious and seek things that are supposed to strengthen their immune systems. Furthermore, as people spent more time at home cooking and looking for comfort foods, the availability of dairy replacements grew. Economic insecurity induced by the epidemic has also influenced purchasing habits, with some people choosing for more cost-effective and environmentally beneficial plant-based alt
United Kingdom Dairy Alternative Market Key Player
Additionally, some of the market key players are Arla Foods, Blue Diamond Growers, Britvic PLC, Coconut Collaborative Ltd, Danone SA, Oatley Group AB, Plamil Foods Ltd.
By Category: Based on the Category, United Kingdom Dairy Alternatives Market is segmented as; Non-Dairy Butter, Non-Dairy Cheese, Non-Dairy Ice Cream, Non-Dairy Milk (Almond Milk, Cashew Milk, Coconut Milk, Hazelnut Milk, Hemp Milk, Oat Milk, Soy Milk), Non-Dairy Yogurt.
By Distribution Channel: Based on the Distribution Channel, United Kingdom Dairy Alternatives Market is segmented as; Off-Trade (Convenience Stores, Online Retail, Specialist Retailers, Supermarkets and Hypermarkets, Others (Warehouse clubs, gas stations, etc.), On-Trade.
By Region: This research also includes data for London, South East England, Major Urban Centres, Manchester, Edinburgh and rest of United Kingdom.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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United Kingdom Dairy Alternative Market Growth
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