Abstract
Summary
The global market for dairy alternatives is estimated to be valued at USD 27.0 Billion in 2023 and is projected to reach USD 43.6 Billion by 2028, at a CAGR of 10.1% during the forecast period. The rising health concerns and the changing consumer perception have fueled the demand for dairy alternative products. The sales of these products can be increased by adopting marketing strategies such as segmentation and diversification. The objective is to create more demand among health-conscious consumers, vegetarians, flexitarians, and vegans. It is crucial to position the product in the right place through the right sales channel.
The strategic application of promotional strategies has effectively amplified growth prospects within this market. Producers of almond milk, by adeptly situating their brands within the dairy alternatives category, have garnered significant popularity and witnessed substantial growth. The surge in health consciousness and shifts in lifestyle choices have acted as catalysts for the expansion of the dairy alternatives market. Furthermore, the continuous commitment of plant-based beverage manufacturers to introduce innovative flavors, extend product shelf life, and enhance nutritional profiles positions the dairy alternatives market for projected growth in the years ahead. Nonetheless, the market faces challenges in terms of high production costs and the limited availability of raw materials.
“The flavored sub-segment in the formulation segment is estimated to grow at a CAGR of 10.4% during the forecast period.”
The market offers a variety of flavored and sweetened dairy alternatives, including options like dairy-free yogurt, milk, and frozen desserts, in response to evolving consumer preferences and as a means for manufacturers to diversify their product offerings. The addition of flavor enhances the taste appeal of dairy alternatives such as soy, rice, and oat milk. Furthermore, blended versions of flavored and sweetened products are in high demand. Among the available flavored plant-based products, vanilla and chocolate are the most prevalent, followed by flavors like peach, strawberry, blueberry, and mango. Companies have introduced fruit-flavored products to broaden their consumer base and expand their market presence. For instance, Dream Frozen Yogurt by The Hain Celestial Group (US) is a notable example of a flavored and sweetened dairy alternative product. To achieve creamier textures, many product launches incorporate ingredients such as coconuts or blends like coconut and oat, along with other plant-based alternatives. Rich dessert flavors such as hazelnut fudge brownies or blood orange mimosas can enhance non-dairy yogurts, yogurt beverages, ice cream, and frozen treats. Dairy-free flavors improve the taste and texture of alternatives. Added at the start of production, they neutralize bases, mask flavors, and add mouthfeel. Flavored, unsweetened, dairy-free options are popular due to health-consciousness and wide flavor range. Suitable for diabetics.
“The dairy alternatives market distributed through online channels is projected to grow at the highest CAGR of 11.9% during the forecast period due to ease of ordering.”
Numerous prominent players in the industry have embarked on the journey of offering their products for sale through online channels. This strategic move not only benefits consumers by simplifying the ordering process but also ensures convenient doorstep delivery. Many comprehensive online platforms have transitioned to the digital realm, making it more hassle-free for consumers to make their purchases. Moreover, these virtual retailers present a diverse range of options for specific dairy-free food products, often at discounted rates in comparison to traditional brick-and-mortar retail, aimed at enticing a broader customer base.
The utilization of online services has witnessed a significant uptick in both developed and developing markets. This growth can be attributed to the swifter accessibility and cost-effectiveness that online shopping offers. Additionally, several online service providers go the extra mile by furnishing in-depth information about various gluten-free food product brands, empowering consumers to make informed choices. Over the past decade, the surge in online shopping frequency has opened lucrative opportunities not only for established online giants but also for regional domestic e-retailers. Notable names in this domain include industry giants like Amazon, specialized platforms like Vegan Online, and health-conscious choices like Goodness Direct.
“North America to grow at the CAGR of 9.0% during the forecast period, in dairy alternatives market to reach a value of USD 9.0 billion by 2028.”
The health benefits of dairy alternatives and their vast application in food & beverage products fuel the growth of the North American dairy alternatives market. According to the Dietary Guidelines for Americans, 2020–2025, 65% of young children, 34% of adolescents, and 20% of adult Americans consume milk as a beverage. Americans generally consume dairy in the form of cheese in pizzas, sandwiches, and pasta dishes. According to the same source, around 74% of adults are overweight, and 35% are prediabetic. The cases of lactose intolerance and milk allergies are also on the rise. Thus, the guidelines recommend the consumption of low-fat and fortified soy dairy alternatives for healthy nutritional balance. These factors, along with the increasing health consciousness among consumers, are driving the dairy alternatives market in the region. The WhiteWave Foods Company (US), Archer Daniels Midland Company (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), and SunOpta Inc. (Canada) are some of the major players in the North American dairy alternatives market. Many of these players are focusing on innovation and expansion.
Since 2021, the Hain Celestial Group (US) has been focused on expanding its product portfolio in the plant-based diet category and acquisitions in North America. Dairy alternatives such as rice, hazelnut, and hemp are also on a surge in the North American market owing to their nutritional benefits.
The break-up of the profile of primary participants in the dairy alternatives market:
By Company Type: Tier 1 – 30%, Tier 2 - 30%, Tier 3 – 40%
By Designation: CXO’s level – 40%, Managers- 25%, Executives – 35%
By Region: North America -16%, Europe – 30%, Asia Pacific – 40%, RoW- 14%
Major key players in the dairy alternatives market are Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US) .
Research Coverage:
This research report categorizes the dairy alternatives market by Source (soy, almond, coconut, rice, oats, hemp, other sources), Formulation (Flavored, plain), Application (milk, ice cream , yogurt, cheese, creamers, butter, other applications), Distribution Channel (retail, online stores, foodservice), by nutrient (protein, starch, vitamins, other nutrients) and by region (North America, Europe, Asia Pacific, South America, RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the dairy alternatives market. A detailed analysis of the key industry players has been done to provide insights into their business overview, services, key strategies, contracts, partnerships, and agreements. New service launches, mergers and acquisitions, and recent developments associated with the dairy alternatives market. Competitive analysis of upcoming startups in the dairy alternatives market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall dairy alternatives market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growth in consumer preference for vegan diet, evolving dietary lifestyles, Increase in cases of lactose intolerance and milk allergies), restraints (volatile prices of raw materials, allergy concerns among consumers of soy products), opportunities (growth in demand in emerging markets such as sweet and confectionary, favorable marketing and correct positioning of dairy alternatives, changes in lifestyles of consumers), and challenges (limited availability of raw materials, low awareness among consumers) influencing the growth of the dairy alternatives market.
• New product launch/Innovation: Detailed insights on research & development activities, and new product launches in the dairy alternatives market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the dairy alternatives market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the dairy alternatives market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players like Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium (New Zealand) and others in the dairy alternatives market strategies.
Table of Contents
1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.3 MARKET SCOPE 28
1.3.1 STUDY SCOPE 29
1.3.2 YEARS CONSIDERED 29
1.4 CURRENCY CONSIDERED 30
1.5 UNIT CONSIDERED 30
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 31
1.7.1 RECESSION IMPACT ANALYSIS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
2.1.1 SECONDARY DATA 33
- 2.1.1.1 Key data from secondary sources 33
2.1.2 PRIMARY DATA 33
- 2.1.2.1 Key data from primary sources 34
- 2.1.2.2 Breakdown of primary interviews 34
- 2.1.2.3 Key primary insights 35
2.2 MARKET SIZE ESTIMATION 35
2.2.1 BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 37
2.3 DATA TRIANGULATION 38
2.4 STUDY ASSUMPTIONS 39
2.5 LIMITATIONS AND RISK ASSESSMENT 39
2.6 RECESSION IMPACT 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN DAIRY ALTERNATIVES MARKET 45
4.2 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET, BY FORMULATION & COUNTRY 46
4.3 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL & REGION 47
4.4 DAIRY ALTERNATIVES MARKET, BY KEY COUNTRY 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MACROECONOMIC INDICATORS 49
5.2.1 RISE IN FOOD DEMAND FROM GROWING POPULATION 49
5.2.2 INCREASE IN SOYBEAN PRODUCTION 50
5.3 MARKET DYNAMICS 51
5.3.1 DRIVERS 52
- 5.3.1.1 Growth in consumer preference for plant-based diet 52
- 5.3.1.1.1 Nutritional benefits of plant-derived dairy substitutes 52
- 5.3.1.1.2 Rise in consumers shift toward plant-based nutrition 53
- 5.3.1.1.3 Evolution in dietary lifestyles toward newer trends 54
- 5.3.1.1.4 Increase in lactose intolerance and milk allergy cases 55
- 5.3.1.1 Growth in consumer preference for plant-based diet 52
5.3.2 RESTRAINTS 55
- 5.3.2.1 Volatile prices of raw materials 55
- 5.3.2.2 Allergy concerns among consumers of soy products 56
5.3.3 OPPORTUNITIES 56
- 5.3.3.1 Emerging markets for premium vegan confections 56
- 5.3.3.2 Effective marketing strategies and correct positioning of dairy alternatives 57
- 5.3.3.3 Changes in lifestyles and prospects for manufacturers in emerging economies 57
5.3.4 CHALLENGES 58
- 5.3.4.1 Limited availability of raw materials 58
- 5.3.4.2 Low awareness among consumers 58
6 INDUSTRY TRENDS 59
6.1 OVERVIEW 59
6.2 SUPPLY CHAIN ANALYSIS 59
6.3 VALUE CHAIN ANALYSIS 61
6.3.1 SOURCING 61
6.3.2 PROCESSING 62
6.3.3 MANUFACTURING 62
6.3.4 PACKAGING & STORAGE 62
6.3.5 DISTRIBUTION 62
6.3.6 SALES CHANNEL 63
6.4 TRADE ANALYSIS 63
6.4.1 ALMONDS 63
6.4.2 SOYBEANS 64
6.4.3 OATS 64
6.4.4 RICE 65
6.4.5 COCONUT 65
6.4.6 HEMP 66
6.5 TECHNOLOGY ANALYSIS 66
6.5.1 WET PROCESSING METHOD FOR PRODUCING DAIRY ALTERNATIVE MILK 66
6.5.2 DRY PROCESSING METHOD FOR PRODUCING DAIRY ALTERNATIVE MILK 67
6.6 PRICING ANALYSIS 67
6.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 67
6.6.2 AVERAGE SELLING PRICE TREND, BY REGION 68
6.6.3 AVERAGE SELLING PRICE TREND, BY APPLICATION 69
6.7 MARKET ECOSYSTEM ANALYSIS 69
6.8 TRENDS/DISRUPTIONS IMPACTING BUYERS IN DAIRY ALTERNATIVES MARKET 71
6.9 PATENT ANALYSIS 71
6.10 KEY CONFERENCES & EVENTS 74
6.11 TARIFF AND REGULATORY LANDSCAPE 75
6.11.1 CODEX ALIMENTARIUS COMMISSION 75
6.11.2 FOOD AND DRUG ADMINISTRATION (FDA) 75
6.11.3 THE SOYFOODS ASSOCIATION OF AMERICA 75
- 6.11.3.1 Classification of Soymilk 75
6.11.4 FOOD STANDARDS AUSTRALIA NEW ZEALAND (FSANZ) 76
6.11.5 EUROPEAN COURT OF JUSTICE 77
6.12 PORTER’S FIVE FORCES ANALYSIS 78
6.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
6.12.2 BARGAINING POWER OF SUPPLIERS 78
6.12.3 BARGAINING POWER OF BUYERS 79
6.12.4 THREAT OF SUBSTITUTES 79
6.12.5 THREAT OF NEW ENTRANTS 79
6.13 CASE STUDY ANALYSIS 80
6.13.1 DANONE NORTH AMERICA LAUNCHED DAIRY-LIKE SEGMENT BY INTRODUCING SILK NEXTMILK AND SO DELICIOUS WONDERMILK 80
6.13.2 BLUE DIAMOND GROWERS PARTNERED WITH GROUP LALA TO ESTABLISH NETWORK IN MEXICO 80
6.14 KEY STAKEHOLDERS & BUYING CRITERIA 81
6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 81
6.14.2 BUYING CRITERIA 82
7 DAIRY ALTERNATIVES MARKET, BY SOURCE 83
7.1 INTRODUCTION 84
7.2 SOY 85
7.2.1 WIDESPREAD ACCESSIBILITY AND POPULARITY OF SOY-DERIVED ITEMS TO BOOST GROWTH 85
7.2.2 MILK 86
7.2.3 YOGURT 87
7.2.4 OTHER SOY APPLICATIONS 87
7.3 ALMOND 88
7.3.1 RISE IN DEMAND FOR MIXED ALMOND-DERIVED ITEMS SUPPLY TO DRIVE MARKET 88
7.3.2 MILK 89
7.3.3 YOGURT 89
7.3.4 OTHER ALMOND APPLICATIONS 89
7.4 COCONUT 91
7.4.1 COCONUT'S APPEALING TASTE AND NUTRITIONAL BENEFITS TO BOLSTER GROWTH 91
7.4.2 MILK 91
7.4.3 YOGURT 91
7.4.4 OTHER COCONUT APPLICATIONS 92
7.5 RICE 93
7.5.1 DECREASED POTENTIAL FOR ALLERGIES AND LESS DISTINCTIVE TASTE TO DRIVE RICE SEGMENT 93
7.5.2 MILK 93
7.5.3 YOGURT 94
7.5.4 OTHER RICE APPLICATIONS 94
7.6 OATS 95
7.6.1 RICH NUTRITIONAL CONTENT OF OAT-DERIVED DAIRY ALTERNATIVES TO DRIVE MARKET 95
7.6.2 MILK 95
7.6.3 YOGURT 96
7.6.4 OTHER OAT APPLICATIONS 96
7.7 HEMP 98
7.7.1 RISE IN HEALTH AWARENESS REGARDING HEMP-BASED DAIRY ALTERNATIVES TO PROPEL MARKET 98
7.7.2 MILK 98
7.7.3 YOGURT 99
7.7.4 OTHER HEMP APPLICATIONS 99
7.8 OTHER SOURCES 101
8 DAIRY ALTERNATIVES MARKET, BY FORMULATION 104
8.1 INTRODUCTION 105
8.2 FLAVORED 106
8.2.1 INCREASE IN DEMAND FOR PALATABLE BUT HEALTHIER DAIRY ALTERNATIVES TO DRIVE GROWTH 106
8.3 PLAIN 108
8.3.1 VERSATILITY OF APPLICATION OF PLAIN ALTERNATIVES TO BOLSTER GROWTH 108
9 DAIRY ALTERNATIVES MARKET, BY APPLICATION 110
9.1 INTRODUCTION 111
9.2 MILK 113
9.2.1 HIGHER AWARENESS ABOUT HEALTH BENEFITS OF MILK ALTERNATIVES TO BOOST GROWTH 113
9.3 ICE CREAM 115
9.3.1 BENEFITS OF CHOLESTEROL-AND FAT-FREE DESSERTS TO DRIVE GROWTH 115
9.4 YOGURT 116
9.4.1 INCREASE IN POPULARITY OF FORTIFIED YOGURT TO PROPEL MARKET GROWTH 116
9.5 CHEESE 118
9.5.1 HIGH REPEAT BUYING RATES OF PLANT-BASED CHEESE TO DRIVE GROWTH 118
9.6 CREAMERS 119
9.6.1 HEAVY INVESTMENTS IN R&D TO MEET GROWING DEMAND FOR DAIRY-FREE CREAMERS TO DRIVE GROWTH 119
9.7 BUTTER 120
9.7.1 LOWER SATURATED FATS, WITH SIMILAR FUNCTIONALITIES TO DAIRY BUTTER, TO DRIVE ADOPTION OF PLANT-BASED BUTTER 120
9.8 OTHER APPLICATIONS 122
10 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL 123
10.1 INTRODUCTION 124
10.2 RETAIL 125
10.2.1 SUPERMARKETS/HYPERMARKETS 126
- 10.2.1.1 Greater convenience and availability of multiple food options for consumers to drive segment 126
10.2.2 HEALTH FOOD STORES 127
- 10.2.2.1 Prioritizing clean and nutritious food choices for health benefits to encourage segment expansion 127
10.2.3 PHARMACIES 128
- 10.2.3.1 Increase in health issues and prescriptions for allergies to spur growth 128
10.2.4 CONVENIENCE STORES 129
- 10.2.4.1 Higher demand for easy access and convenience to customers to boost growth 129
10.2.5 OTHER RETAIL CHANNELS 131
10.3 FOOD SERVICES 131
10.3.1 RISE IN NEED TO ACCOMMODATE CHANGING CONSUMER PREFERENCES TO DRIVE GROWTH 131
10.4 ONLINE STORES 132
10.4.1 DEMAND FOR QUICK ACCESSIBILITY AND COST-EFFECTIVE PURCHASES TO PROPEL MARKET 132
11 DAIRY ALTERNATIVES MARKET, BY NUTRIENT 134
11.1 INTRODUCTION 134
11.2 PROTEIN 134
11.3 STARCH 134
11.4 VITAMINS 135
11.5 OTHER NUTRIENTS 135
12 DAIRY ALTERNATIVES MARKET, BY REGION 136
12.1 INTRODUCTION 137
12.2 MACROECONOMIC INDICATORS OF RECESSION 139
12.3 NORTH AMERICA 143
12.3.1 NORTH AMERICA: RECESSION IMPACT ANALYSIS 143
12.3.2 US 150
- 12.3.2.1 High income of families to drive demand for dairy alternatives 150
12.3.3 CANADA 151
- 12.3.3.1 Change in consumer preference toward protein-rich dairy substitutes to boost growth 151
12.3.4 MEXICO 153
- 12.3.4.1 Urbanization and environment-consciousness to propel market 153
12.4 EUROPE 154
12.4.1 EUROPE: RECESSION IMPACT ANALYSIS 156
12.4.2 UK 162
- 12.4.2.1 Inclination among younger consumers toward healthy, vegan products to propel market 162
12.4.3 GERMANY 164
- 12.4.3.1 Growth in vegetarianism to drive market 164
12.4.4 ITALY 165
- 12.4.4.1 High consumption of cheese in Italian cuisine to spur growth 165
12.4.5 FRANCE 166
- 12.4.5.1 Dairy giants expanding to provide alternatives to boost growth 166
12.4.6 SPAIN 168
- 12.4.6.1 Demand for dairy replacements and expansion of supermarket vegetarian and vegan lines to bolster growth 168
12.4.7 REST OF EUROPE 169
12.5 ASIA PACIFIC 170
12.5.1 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 171
12.5.2 CHINA 178
- 12.5.2.1 Adoption of soy-derived dairy alternatives in various Chinese cuisines to drive growth 178
12.5.3 JAPAN 179
- 12.5.3.1 Scope for high-protein healthy products in traditional recipes to boost growth 179
12.5.4 AUSTRALIA & NEW ZEALAND 181
- 12.5.4.1 Consumer interest in paying premium for fitness products to propel market 181
12.5.5 INDIA 182
- 12.5.5.1 Growth in demand for dairy-free substitutes in traditional sweets to boost market 182
12.5.6 REST OF ASIA PACIFIC 184
12.6 SOUTH AMERICA 185
12.6.1 SOUTH AMERICA: RECESSION IMPACT ANALYSIS 186
12.6.2 BRAZIL 192
- 12.6.2.1 Demand for soy-based clean label products to drive market 192
12.6.3 ARGENTINA 194
- 12.6.3.1 Production of soy to help meet vegan, gluten-and fat-free demands 194
12.6.4 REST OF SOUTH AMERICA 195
12.7 REST OF THE WORLD (ROW) 196
12.7.1 ROW: RECESSION IMPACT ANALYSIS 196
12.7.2 MIDDLE EAST 202
- 12.7.2.1 High demand for lactose-free and low-cholesterol products to boost growth 202
12.7.3 AFRICA 203
- 12.7.3.1 Rise in urbanization and growth in retail chains to drive market demand 203
13 COMPETITIVE LANDSCAPE 205
13.1 OVERVIEW 205
13.2 MARKET SHARE ANALYSIS 205
13.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS 206
13.4 ANNUAL REVENUE VS. GROWTH OF KEY PLAYERS 207
13.5 EBITDA OF KEY PLAYERS 208
13.6 STRATEGIES ADOPTED BY KEY PLAYERS 208
13.7 COMPANY EVALUATION MATRIX FOR KEY PLAYERS 210
13.7.1 STARS 210
13.7.2 EMERGING LEADERS 210
13.7.3 PERVASIVE PLAYERS 210
13.7.4 PARTICIPANTS 211
13.7.5 KEY COMPANY FOOTPRINT 212
13.8 COMPANY EVALUATION QUADRANT FOR STARTUPS/SMES 215
13.8.1 PROGRESSIVE COMPANIES 215
13.8.2 STARTING BLOCKS 216
13.8.3 RESPONSIVE COMPANIES 216
13.8.4 DYNAMIC COMPANIES 216
13.8.5 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 217
13.9 COMPETITIVE SCENARIO 219
13.9.1 PRODUCT LAUNCHES 219
13.9.2 DEALS 220
13.9.3 OTHERS 221
14 COMPANY PROFILES 222
14.1 KEY PLAYERS 222
14.1.1 DANONE NORTH AMERICA PUBLIC BENEFIT CORPORATION 222
14.1.2 THE HAIN CELESTIAL GROUP, INC 230
14.1.3 BLUE DIAMOND GROWERS 234
14.1.4 SUNOPTA 237
14.1.5 FREEDOM FOODS GROUP LIMITED 241
14.1.6 VALSOIA S.P.A 244
14.1.7 OATLY GROUP AB 247
14.1.8 SANITARIUM 250
14.1.9 EDEN FOODS, INC 251
14.1.10 NUTRIOPS, S.L 252
14.1.11 EARTH'S OWN 254
14.1.12 TRIBALLAT NOYAL 256
14.1.13 GREEN SPOT CO., LTD 257
14.1.14 HILAND DAIRY 258
14.1.15 ELMHURST MILKED DIRECT LLC 259
14.2 STARTUPS/SMES 260
14.2.1 RIPPLE FOODS 260
14.2.2 KITE HILL 262
14.2.3 RUDE HEALTH 264
14.2.4 CALIFIA FARMS, LLC 266
14.2.5 PANOS BRANDS 268
14.2.6 PUREHARVEST 269
14.2.7 ONE GOOD 270
14.2.8 VLY 270
14.2.9 MIYOKO’S CREAMERY 271
14.2.10 DAIYA FOODS INC 272
15 ADJACENT AND RELATED MARKETS 273
15.1 INTRODUCTION 273
15.2 RESEARCH LIMITATIONS 273
15.3 PLANT-BASED PROTEIN MARKET 273
15.3.1 MARKET DEFINITION 273
15.3.2 MARKET OVERVIEW 274
15.3.3 PLANT-BASED PROTEIN MARKET, BY SOURCE 274
15.3.4 PLANT-BASED PROTEIN MARKET, BY REGION 275
15.4 ALMOND INGREDIENTS MARKET 276
15.4.1 MARKET DEFINITION 276
15.4.2 MARKET OVERVIEW 276
15.4.3 ALMOND INGREDIENTS MARKET, BY TYPE 276
15.4.4 ALMOND INGREDIENTS MARKET, BY REGION 277
16 APPENDIX 279
16.1 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 285
16.2 CUSTOMIZATION OPTIONS 287
16.3 RELATED REPORTS 287
16.4 AUTHOR DETAILS 288