According to the new market research report by IndustryARC titled “Dairy Alternative (Beverage) Market: By Type (Almond, Soy, Coconut, Cashew, Oats, Others); By Formulation (Plain, Flavored – Sweetened, Non-Sweetened); By Channel (Super Markets, Convenience Stores, Pharmacies); By Shelf Life (Refrigerated, Shelf Life Stable); By Geography - (2018-2023)”, the market is driven by the increasing production activities in the oil and gas industry that has led to the growth of Dairy Alternatives market across the globe.
APAC held the largest market share in the Dairy Alternatives Market
Asia Pacific region holds the largest market share and growth in the Dairy Alternatives Market and is anticipated to reach $9.05 billion by 2023 at a CAGR of 9.9%. The APAC region is followed by North Americas. Large consumer base coupled with familiarity of soy and almond among the Chinese people, spurs the market growth.
Selected Market Share Analysis done in the Dairy Alternatives Market report
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