Africa Dairy Alternatives Market - Growth, Trends, and Forecast (2018 - 2023)
Dairy alternatives are products similar to dairy products in terms of application; however, they are derived from non-dairy sources, such as rice, oats, wheat, barley, and nuts. Being produced through cereals and nuts, they have a positive image among consumers. The health benefits associated with the products drives the market growth. Africa is a growing market for dairy alternatives. The major African population is intolerant to lactose sugar, which is present in milk and dairy products. Hence, it provides a prominent market for the dairy alternative market. In the forecast period 2018-2023, Africa dairy alternatives market will have a substantial presence for global CAGR of 15.1%.
The increasing cases of obesity and gastrointestinal diseases are also emerging as potential drivers for the growth of the dairy alternatives market. Based on various clinical research studies, over 80% of the global population suffer from gas, painful bloating, and diarrhea upon consumption of dairy products, due to the lack of an essential enzyme in their body that is required to breakdown the milk sugars. Moreover, the fats present in dairy products clog arteries, thus, leading to heart disease. On the other hand, the dairy alternatives, such as soy milk offer protective health benefits, owing to phytoestrogen content in them. Hemp milk is one of the best sources of Omega-3 fats, whereas, almond milk is a good source of calcium.
This report segments the African dairy alternative market by type, application, and distribution channel, with focus on the major dairy alternatives economies of Egypt and others. The market covers major packaged products categories, like soymilk, almond milk, rice milk, coconut milk, hazelnut milk, cashew milk, and oats milk. The report covers the major distribution channels, such as supermarkets, health centers, convenience stores, and department stores. The report contains the most detailed and in-depth segmentation and analysis of the African dairy alternative market during the forecast period of 2018 - 2023.
April 2017- French food multinational Danone acquired plant-based dairy alternatives company Alpro, which is based in Ghent (Flanders) and part of the American WhiteWave Foods group.
The major players include - DAIYA FOODS INC., EARTH'S OWN FOOD COMPANY INC., PANOS BRANDS LLC., EDEN FOODS INC., FREEDOM FOODS GROUP LTD., BLUE DIAMOND GROWERS INC., THE HAIN CELESTIAL GROUP INC., THE WHITEWAVE FOODS COMPANY, SANITARIUM HEALTH & WELLBEING COMPANY, SUNOPTA INC., ARCHER DANIELS MIDLAND COMPANY, NUTRIOPS S.L., amongst others.
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