Global Milk Substitutes (Non dairy milk) Market

The milking machines market consists of sales of milking machines by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing milking machines that are used for milk extraction from dairy animals, especially dairy cattle. Only goods and services traded between entities or sold to end consumers are included. The main product types of milking machines are fully automatic and semi-automatic. Fully automatic refers to a device that has controls to enable it to perform a task without constantly operating by a person. The livestock is the cow, sheep, goat, buffalo, and other livestock. The various applications involved are micro-dairy farms, macro dairy farms, and other applications. The global milking machines market size is expected to grow from $3.64 billion in 2021 to $3.9 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The global milking machine market size is expected to grow to $6.07 billion in 2026 at a CAGR of 11.7%. An increase in the rearing of dairy cattle is expected to drive the demand for the milking machines market. According to the Food and Agriculture Organization of the United Nations, the world has 1.46 billion heads of cattle, of which 159 million (11%) belong to Europe and Central Asia. According to the 20th Livestock Census, in 2019, the total number of cattle in India was 192.49 million, showing an increase of 0.8% over the previous census. Therefore, the growth in the dairy cattle population across the globe led to increasing in milking production, which in turn propelled the revenues generated for the milking machinery market. The robotic milking machines have created immense demand in the milking machinery market. More dairy farmers are looking to robotic-milking systems as a result of the difficulty in finding a dependable workforce or being able to afford labor costs. In January 2019, GEA launched a GEA DairyRobot R9500 Milking Robot which brings a new level of intelligent milking to the farm. Robotic Milking machinery is increasingly being used by dairy farmers for extracting milk from cattle. Animals (in robotic-milking systems) are undergoing less physical pressure and have expanded autonomy and freedom of movement, less-organized timetables, and lower pressure, all resulting in a better quantity of milk. In July 2020, DeLaval, a Swedish-based company that produces equipment for the dairy farmer, acquired Milkrite InterPuls for approximately $233.58 million. The acquisition is expected to help DeLaval to increase their investments in the future of dairy solutions and services and the agreement is subjected to clearance from the relevant antitrust authorities. Milkrite InterPuls is a global company providing dairy intelligence products and services for milking equipment that are innovative, durable, and competitive in price. Major players in the milking machines market are Lely Holding S.a.r.l, GEA Group, DeLaval Inc, Fullwood Ltd, BouMatic Robotics B.V, S. A. Christensen & Co, AMS-Galaxy USA, Bon-Matic, Universal, and Afimilk Ltd. Asia Pacific was the largest region in the global milking machines market in 2021. North America was the second largest region in the global milking machines market. The regions covered in the global milking machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the milking machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global milking machines market is segmented - 1) By Product Type: Fully Automatic, Semi-Automatic 2) By Livestock: Cow, Sheep, Goat, Buffalo, Others 3) By Application: Micro Dairy Farms, Macro Dairy Farms, Others

The dairy food market consists of sales of dairy products by entities (organizations, sole traders, and partnerships) that produce dairy products from raw milk and processed milk products, produce dry, condensed, concentrated, and evaporated dairy, and/or produce some dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The dairy food market is segmented into milk and butter, cheese, dry, condensed, and evaporated dairy products and ice cream, and frozen dessert. The main type of dairy food are milk and butter, cheese, dry, condensed, and evaporated dairy products, ice cream, and frozen dessert. The milk and butter product is solidified form of milk and contributes to cheese manufacturing. The different distribution channels include supermarkets/hypermarkets, convenience stores, e-commerce, and others. The dairy food is sourced from cattle, sheep, goats, camels. The global dairy food market size is expected to grow from $700.06 billion in 2021 to $768.53 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The dairy food market is expected to grow to $1,072.06 billion in 2026 at a CAGR of 8.7%. The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumer demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the dairy food market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the dairy food market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the dairy food market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains. Major companies in the dairy food market include Groupe Lactalis S.A., Danone S.A., Fonterra Group Cooperative Limited, Inner Mongolia Yili Industrial Group Co. Ltd., Saputo Inc, Nestle S.A., Frieslandcampina, Arla Foods amba, The Kraft Heinz Company, and Savencia Fromage & Dairy. Asia Pacific was the largest region in the dairy food market in 2021. Western Europe was the second-largest region in the dairy foods market. The regions covered in the dairy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dairy food market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global dairy food market is segmented - 1) By Type: Milk and Butter, Cheese, Dry, Condensed, and Evaporated Dairy Products, Ice Cream and Frozen Dessert 2) By Source: Cattle, Sheep, Goat, Camel 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others Subsegments Covered: Milk-Dairy, Butter, Natural Cheese, Processed Cheese, Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product, Ice Cream, Frozen Dessert

The lactose-free food market consists of sales of lactose-free food and related services. Lactose is a sugar found in milk and food with ingredients including milk and whey. Lactose-free food is used as an alternative for dairy-free food items. Lactose-free dairy products contain an enzyme called lactase that helps in breaking down milk sugar galactose to avoid stomach problems such as abdominal cramping, gas, diarrhoea, and bloating in people with lactose intolerance. Lactose-free food items include soya yogurts and cheeses, oat milk, rice milk, coconut-based yogurts and cheeses, carob bars, and food with “dairy-free” and “suitable for vegan” sings. The main Type are lactose-free products, lactose-reduced products. Lactose is a type of sugar found in milk products that can be difficult for some people to digest and lactose-free food is a commercial product that is free of lactose. The applications of lactose free food are in milk, cheese, yogurt, ice-cream and non-dairy products and others. The various distribution channel are supermarkets/hypermarkets, online stores, others. The different sources of lactose free food are rice, almond, soy, hemp milks, coconut and various technologies used are chromatographic separation, acid hydrolysis, and membrane reactor. The global lactose free food market size is expected to grow from $10.8 billion in 2021 to $11.54 billion in 2022 at a compound annual growth rate (CAGR) of 6.8%. The lactose-free food market is expected to grow to $15.04 billion in 2026 at a CAGR of 6.8%. An increasing number of people with lactose intolerance are expected to contribute to the higher demand for lactose-free food products. Lactose intolerance is a digestive syndrome caused by the incapability to digest lactose, a carbohydrate found in dairy products. According to National Library of Medicine, an approximate of 65% to 90% of adults are affected by lactose intolerance. Moreover, in Europe, 5% to 15% of the population is lactose intolerant. Therefore, an increasing number of people with lactose intolerance is anticipated to propel the demand for lactose-free food over the forecast period. The stiff competition from dairy alternatives is expected to limit the growth of the lactose-free food market. The availability of various dairy alternatives such as cheese, butter, ice-creams, milk made from soy, rice, almond, and other non-dairy ingredients is likely to take over the share for lactose-free food products. For instance, in 2020, Global milk production reached nearly 906 million tonnes, up 2.0% from 2019. In addition to this, in 2020, International dairy trade increased by 1.2% to nearly 79 million tonnes (milk equivalent), principally due to increased imports by a few countries, namely China, Algeria, Saudi Arabia and Brazil. Therefore, competition from dairy products is expected to hinder the growth of lactose-free food market during the period. The launch of new lactose-free products is a leading trend contributing for the market expansion. In June 2019, Beckon Ice Cream, a Boston-based company, announced the introduction of lactose-free premium ice-creams made from real cream and milk. The company began distribution of its premium ice-cream through Whole Foods Market stores. Beckon Ice Cream aims to maintain the taste of traditional ice cream in its dairy-full and lactose-free ice creams. This scenario of new product developments is likely to surge the revenues for lactose-free food market over the forecast period. In January 2020, the Coco-Cola company announced the full acquisition of Fairlife, a USA-based dairy beverage company for an undisclosed amount. The company announced the acquisition of the remaining 57.5% of stake in the company. The acquisition is expected to expand the dairy and non-dairy product portfolio of the company. Fairlife was founded in 2012 and markets a broad portfolio of dairy-based beverages including ultra-filtered milk and high-protein milkshakes. The company also markets lactose-free products in order to cater to a wide range of consumers. Major players in the lactose free food market are Arla Foods, McNeil Nutritionals, OMIRA Oberland-Milchverwertung (OMIRA), Parmalat, Valio, Alpro, Amy's Kitchen, Barry Callebaut, Cargill, and Chr. Hansen. Asia Pacific was the largest region in the lactose free food market in 2021. Western Europe was the second-largest region in the lactose free food market. The regions covered in the lactose-free food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the lactose free food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global lactose free food market is segmented - 1) By Type: Lactose-Free Products, Lactose-Reduced Products 2) By Application: Milk, Cheese, Yogurt, Ice-Cream, Non-Dairy Products, Others 3) By Distribution Channel: Supermarkets/Hypermarkets, Online Stores, Others 4) By Source: Rice, Almond, Soy, Hemp Milks, Coconut 5) By Technology: Chromatographic Separation, Acid Hydrolysis, Membrane Reactor

The ice cream and frozen dessert market consist of sales of ice cream and frozen dessert by entities (organizations, sole traders, and partnerships) that produce ice cream, frozen ices, frozen yogurts, sherbets, and other frozen desserts (except bakery products). The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The main type of ice cream and frozen desserts is ice cream and frozen dessert. Frozen desserts are made by freezing liquids, semi-solids, and sometimes even solids and are meant to be eaten in a frozen condition, including ice creams, sherbets, sorbets, frozen yogurts, and non-dairy frozen desserts. The products are made available through supermarkets/hypermarkets, convenience stores, e-commerce, and others. The various outlooks of ice cream and frozen dessert are ice-cream, gelato, frozen custard, frozen yogurt, frozen novelties, sorbet, and others. The category outlook are conventional, and sugar- free and end-user outlook are personal and commercial The global ice cream and frozen dessert market size is expected to grow from $98.15 billion in 2021 to $108.15 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The ice creams and frozen desserts market size is expected to grow to $154.12 billion in 2026 at a CAGR of 9.3%. The world population is growing and is expected to reach 10 billion by 2050. An increase in population creates more demand for food. According to “The Agricultural Outlook” by the OECD and FAO, global cereal production was projected to increase by 13% by 2027. Trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for food and beverage products including ice cream and frozen dessert due to the rising population, during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the ice cream and frozen dessert manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ice cream and frozen dessert manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The demand for clean label products is increasing rapidly owing to a significant rise in awareness of healthy eating. Clean label dairy products do not contain additives, artificial flavor enhancers, dyes, or artificial preservatives. Also, many foodservice and retail grocery store chains are stating lists of ingredients that cannot be present in food items in their stores or restaurants. For instance, a USA-based yogurt brand Siggi’s Dairy introduced clean label yogurt pouches for children. Major companies in the ice cream and frozen dessert market include Nestle S.A., Unilever plc, Danone S.A., Groupe Lactalis S.A., Frieslandcampina, General Mills, Olam International, Agropur cooperative, Land O'Lakes Inc, Meiji Holdings Co Ltd. Western Europe was the largest region in the ice cream and frozen dessert market in 2021. Asia Pacific was the second largest region of the ice cream and frozen dessert market. The regions covered in the ice cream and frozen dessert market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ice cream and frozen dessert market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global ice cream and frozen dessert market is segmented - 1) By Type: Ice Cream, Frozen Dessert 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Product: Ice-cream, Gelato, Frozen Custard, Frozen Yoghurt, Frozen Novelties, Sorbet and Others 4) By Category: Coventional, Sugar-Free 5) By End-User: Personal, Commercial Subsegments Covered: Gelato, Frozen Novelties, Frozen Yogurt, Other Frozen Dessert

The milk and butter market consists of sales of milk and butter by entities (organizations, sole traders, and partnerships) that produce processed milk products such as pasteurized milk, cream, creamery butter, sour cream, and fluid milk dairy substitutes from soybeans and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The main types of milk and butter are milk-dairy, butter. Butter is a dairy product created from churned cream's fat and protein components. The different applications include food, beverages, intermediate products, condiments, and are distributed through various channels such as supermarkets/hypermarkets, convenience stores, e-commerce, and others. The global milk and butter market size is expected to grow from $307.6 billion in 2021 to $337.28 billion in 2022 at a compound annual growth rate (CAGR) of 9.6%. The butter and milk market size is expected to grow to $469.56 billion in 2026 at a CAGR of 8.6%. The increasing demand for local, sustainable and organic food production is expected to positively impact the milk and butter manufacturing market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumer demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the milk and butter market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the milk and butter manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the milk and butter manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The internet of things (IoT) technology is increasingly being used to track dairy products including milk and butter and to ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains. Major companies in the milk and butter market include Danone S.A., Inner Mongolia Yili Industrial Group Co. Ltd., Fonterra Group Cooperative Limited, Groupe Lactalis S.A., Saputo Inc, Arla Foods amba, Frieslandcampina, Yakult Honsha Co. Ltd., Louis Dreyfus, and Savencia Fromage & Dairy. Asia Pacific was the largest region in the milk and butter market in 2021. Western Europe was the second largest region in milk and butter market. The regions covered in the milk and butter market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the milk and butter market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global milk and butter market is segmented - 1) By Type: Milk-Dairy, Butter 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Application: Food, Beverages, Intermediate Products, Condiments, Others Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk

The cheese market consists of sales of cheese by entities (organizations, sole traders, and partnerships) that produce cheese products (except cottage cheese) from raw milk and/or processed milk products, and cheese substitutes from soybean and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The main types of cheese are natural cheese and processed cheese. Natural cheese is a word that refers to cheese created from milk that has had salt, enzymes, and flavorings added to it. The different types of products include mozzarella, cheddar, feta, parmesan, Roquefort, others and involve various sources such as cow milk, sheep milk, goat milk, buffalo milk. it is distributed through various channels including supermarkets/hypermarkets, convenience stores, e-commerce, others. The global cheese market size is expected to grow from $192.81 billion in 2021 to $211.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The global cheese market size is expected to grow to $289.57 billion in 2026 at a CAGR of 8.2%. The increasing demand for local, sustainable and organic food production is expected to positively impact the cheese manufacturing market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumer demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products such as cheese offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the cheese manufacturing industry market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the cheese manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the cheese manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains. Major companies in the cheese market include Groupe Lactalis S.A., Saputo Inc, The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, Savencia Fromage & Dairy, Frieslandcampina, Alfa SA.B. de C.V., Agropur cooperative, and Land O'Lakes Inc. Asia Pacific was the largest region in the cheese market in 2021. North America was the second-largest region in the global cheese market. The regions covered in the global cheese market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cheese market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global cheese market is segmented - 1) By Type: Natural Cheese, Processed Cheese 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Source: Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk 4) By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others

The dairy alternatives market consists of sales of dairy alternative products and related services. Dairy alternatives are food & beverages that are used as a substitute for dairy products. These products are extracted from plants including cereals (rice, oats), legumes (soy), seeds (hemp, flax), nuts (peanuts, almond), and other grains (teff, quinoa). The dairy milk alternatives include soy milk, rice milk, oat milk, coconut milk, and flaxseed milk, cheese substitutes comprise soft cheese and hard cheese, butter alternatives such as nut butter, coconut butter, vegetable oil blends, and cultured vegan butter. The main product types are non-dairy milk, butter, cheese, yogurts, ice cream and Other Product Types. Butter, is yellow-to-white solid emulsion of fat globules, water, and inorganic salts and is produced by churning the cream from cows' milk. The various sources of dairy alternatives are almond, soy, oats, hemp, coconut, rice, and Other Product Types. The dairy alternatives are distributed through supermarkets, health food stores, pharmacies, convenience stores, online stores, and other product types. The global dairy alternatives market size is expected to grow from $21.03 billion in 2021 to $22.26 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The dairy alternative market is expected to grow to $28.02 billion in 2026 at a CAGR of 5.9%. Increasing cases of lactose intolerance and milk allergies are projected to contribute to the dairy alternatives market growth. Lactose intolerance or congenital lactase deficiency is a situation wherein small intestine is incapable of making enzyme lactase to break down or digest lactose, moving undigested lactose to large intestine causing symptoms such as diarrhoea, gas, and bloating. According to Cleveland Clinic, more than 30 million people in America are lactose intolerant. This scenario is likely to generate higher demand for dairy alternatives, which in turn, is anticipated to boost the revenues for dairy alternatives market over the forecast period. Lack of awareness among the consumers about the nutritional benefits of dairy alternative products is expected to hinder the growth of the market. Many dairy consumers feel that dairy substitutes are lower in nutritional content than cow’s milk and other dairy products. According to Cargill Study, about 90% of households in America consume dairy products as a part of their daily diets, whereas, only 4% of the population consumes only non-dairy products. Therefore, the lack of awareness among the populace about the nutritional benefits of dairy alternatives is to hinder the growth of the market over the forthcoming years. The new product innovation is the trend in the dairy alternatives market. In December 2019, Nestle’s popular brand Nesquik, a health-drink brand, announced the launch of GoodNes, its first plant-based health drink made from a blend of pea protein and oat milk. According to Nestle, its new dairy alternative health drinks matches the nutritional value of traditional milk with 2g of dietary fibers and 6 g of protein per serving. The product is made from using cane sugar and leaf extract for the naturally sweet taste and contains 40% less sugar than chocolate almond milk. In October 2019, Wyler Farms, Israel-based tofu company, and Innovopro, a food-tech startup company have partnered for the launch of new Innovopro’s CP-Pro 70 chickpea protein in Israel market. The Innovopro’s chickpea protein concentrate is a part of the new dairy-alternative beverage product line of Wyler Farms in the country. Innovopro‘s CP-Pro 70 is a plant-based protein and has a unique neutral taste. Major players in the dairy alternatives market are, Tate & Lyle, CP Kelco Inc., SunOpta Inc., The Whitewaves Food Company, Organic Valley, The Hain Celestial Group, Blue Diamond Growers, Sunopta, and Archer Daniels Midland Company. Asia Pacific was the largest region in the dairy alternatives market in 2021. Western Europe was the second-largest region in the dairy alternative market. The regions covered in the dairy alternatives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the dairy alternatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global dairy alternatives market is segmented - 1) By Product Type: Non-Dairy Milk, Butter, Cheese, Yogurt, Ice Cream, Others 2) By Source: Almond, Soy, Oats, Hemp, Coconut, Rice, Others 3) By Distribution Channel: Supermarkets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, Others