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 report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

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Competitive Terrain:

The global Animal Free Dairy Products industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

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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Additional information offered by the report:

• Along with a complete overview of the global Animal Free Dairy Products market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Animal Free Dairy Products market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

• 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

Radical Highlights of the Animal Free Dairy Products Market Report:

• Comprehensive overview of the Animal Free Dairy Products market along with analysis of the changing dynamics of the market
• Growth Assessment of various market segments throughout the forecast period
• Regional and global analysis of the market players, including their market share and global position
• Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
• Impact of the technological developments and R&D advancements on the Animal Free Dairy Products market
• Information about profit-making strategies and developmental strategies of major companies and manufacturers
• Insightful information for the new entrants willing to enter the market
• Details and insights about business expansion strategies, product launches, and other collaborations
• The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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