Dairy Alternatives Market expected to reach US$ 123,634.7 Mn by 2032
The sales of dairy alternatives are estimated to be valued at US$ 31,369.4 Mn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach US$ 123,634.7 Mn by 2032, rising at a CAGR of 14.7% for 2022-32. Dairy alternatives are plant-based foods and beverages that can be used as a healthier alternative to dairy products. Almond milk, soy milk, and rice milk are some of the most popular dairy alternatives around the world. Due to the inclusion of a number of critical vitamins and minerals in dairy products, dairy alternatives are considered to be healthy. Various new and inventive beverage companies are using dairy alternatives as the foundation component instead of including the milk product as a raw material. The growing desire among customers for a variety of beverage options has resulted in a variety of flavored beverages that are dairy-free. Lactose-intolerant consumers are looking for a variety of milk-based dairy substitute beverages as wel