New York, September 17, 2023 – The dairy alternatives market is set to witness substantial growth, with a projected increase of $18.49 billion from 2022 to 2027, as reported by Technavio. During this forecast period, market expansion is anticipated to maintain a robust CAGR of 10.85%. A prominent driving force behind this growth is the flourishing organized retail sector. However, challenges related to distribution within the packaged food and beverages industry may pose certain obstacles to market development. The market is categorized based on Distribution Channels (including Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others), Products (encompassing Beverages-based Dairy Alternatives and Food-based Dairy Alternatives), and Geography (covering APAC, North America, Europe, South America, and the Middle East and Africa).
