Dairy Alternatives Market Size Worth $66.9 Billion by 2030: Grand View Research, Inc.
The global dairy alternatives market size is expected to reach USD 66.9 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.5% from 2022 to 2030. The rise in the demand for plant-based alternatives and changing consumer diets utilizing milk alternatives are driving the demand for dairy alternatives. The increasing occurrence of milk allergies or cases of lactose intolerance is expected to drive the market further. People with lactose intolerance are increasingly opting for milk alternatives, which has made beverages manufacturers adopt dairy alternatives to appeal to the respective consumer base, thus propelling the demand for dairy alternatives further.