Dairy Alternatives Market Worth $44.9 billion by 2027

the dairy alternatives market is segmented into plant-based milk, cheese, yogurt, butter, ice-cream, creamer, and other dairy alternatives. Among these, the plant-based milk segment is estimated to dominate with the largest share of the global dairy alternatives market in 2020 and is also expected to continue its dominance during the analysis period. The increasing incidence & prevalence of lactose intolerance and consumer preference for vegan diets are the key factors driving the demand for plant-based milk alternatives, such as almond and soy milk.

However, the yogurts segment is expected to grow at the fastest CAGR in the forecast period owing to the rising demand for plant-based yogurts from developed countries due to the growing number of vegan and health conscious consumers.