Plant-based dairy alternative milk is processed through grains, nuts, etc. The market is projected to grow with an increasing number of lactose-intolerance, milk allergy, vegans, etc. The market is projected to grow at a CAGR of 15% to reach a value of $14 billion by 2018. In 2012, the Asia-Pacific region was the largest market for dairy alternative beverages. The leading companies drive the market growth through the introduction of new products with different flavors and fortified products with DHA, calcium, etc.
Soy milk dominated the market, both in terms of value and volume. The benefits of almond milk, coconut milk, etc. on digestion, immunity, etc. of consumers is what drives the global market. The different formulations of dairy alternative beverages available in the market include plain, flavored, sweetened, unsweetened, fortified, etc. The leading companies use different channels to avail and promote their products in the market. In 2012, the largest sales of dairy alternative beverages were recorded from supermarkets.
Both bottom-up and top-down approaches were used to derive the global market. The market segments include types of plant-based dairy alternative beverage, formulations, sales channels, and geography. The market includes the sales of dairy alternatives through different channels in terms of product types as well as geography. The market also includes the geographic segments in terms of product types and countries.

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