Europe Dairy Alternatives Market 2030: Redefining the Future of Food
Europe Dairy Alternatives Market Growth & Trends The Europe dairy alternatives market size was estimated at USD 5.52 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2030. The market is expected to increase owing to the rising demand for healthy foods & beverages in the region. Dairy alternative-based beverages are often consumed as alternatives to dairy beverages. Manufacturers are focusing on new product development, which includes soya juice mixes and fresh soya drinks. The European market accounted for a revenue share of 18.9% of the global dairy alternatives market in 2023. In the upcoming years, almond milk is predicted to expand at the fastest rate. This is because the region's dairy substitute goods are expected to see a rise in market value due to the organic claims made by major firms like Earth's Own Food Company and Blue Diamond Growers. In an effort to draw customers, a number of producers in the indus...