A recent market research report published by Future Market Insights forecasts good growth prospects for the market for dairy-free spreads. According to the report, the main drivers of this positive trend are the global increase in veganism and the rising number of lactose intolerant people.
Dairy-free spreads are mainly made from milk alternatives such as soy milk, almond milk, coconut milk and other plant-based substitutes. Dairy-free spreads have largely the same levels of nutrients such as calcium, fats and other ingredients as ordinary spreads. They are now used in many processed foods, which is also driving the global market.
In recent years, demand for dairy products has declined in some developed countries due to factors such as milk allergies and the emergence of veganism. In contrast, demand from vegan consumers for dairy-free products is growing. Dairy-free alternatives are also increasingly being consumed and purchased by other consumers besides the vegan population.
Manufacturers operating in the dairy-free spreads market are expected to achieve higher sales in the forecast period, as dairy-free products are expected to penetrate larger geographic areas. Dairy-free spreads are expected to be adopted by major food manufacturers in their key products as a result of the vegan trend, which is expected to fuel demand for dairy-free spreads over the forecast period.
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