Dairy alternative beverages market projected to grow
The supermarket segment takes up the largest share in the market.
The dairy alternative beverages market is projected to gain thanks to robust urbanization, diet diversification and mounting awareness of health and fitness, according to a study released by Radiant Insights, Inc., San Francisco.
The key factors playing a role in raising the global market share may include industrialization, urbanization, rise in investments by leading manufacturers, rising cases of lactose intolerance and allergies, increasing preferences toward vegan, particularly plant-based food, burgeoning demands for a wide variety of novel dairy-free applications, augmented awareness regarding health, growing concerns on obesity and rising applications and prerequisites among food and beverages sector.