GLOBAL DAIRY & DAIRY ALTERNATIVES MARKET TRENDS 2021

GLOBAL DAIRY &

DAIRY ALTERNATIVES

MARKET TRENDS 2021

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MARKET

OVERVIEW

Gujarat Cooperative Milk Marketing

Federation Ltd

• The Dairy Products market worldwide will grow by a

projected US $129.4 Billion, during the analysis period

(2020-2027), driven by a revised CAGR of 3.6%.

• China – The most significant market for dairy primarily

driven by increased consumption of dairy products.

• India and Indonesia – Fastest growing market in the region

driven by increased population.

• The demand for "clean label " products and transparency in

dairy products certainly drives innovation in the dairy

products sector.

MARKET OVERVIEW

Global & APAC Dairy Products Market: Overview

2020 2025

Asia Pacific Dairy Product Market

1

Yili Group2

Yakult Honsha Co., Ltd3

Mother Dairy Fruit & Vegetable Pvt. Ltd4

Fonterra Co-operative Group Limited5

Major Players in APAC Region:

Sources: Mordor Intelligence, 2020a; Research and Markets, 2020a

MARKET OVERVIEW

Global & APAC Dairy Alternatives Market: Overview

Sources: Markets and Markets, 2021; Mordor Intelligence, 2020b

• The global dairy alternatives market is estimated to be valued

at USD 22.6 billion in 2020 and is projected to reach USD 40.6

billion by 2026, recording a CAGR of 10.3% in terms of value.

• Increasing occurrence of lactose allergies, changing consumer

lifestyles, and growing health awareness among consumers.

• Consumers are increasingly adopting a vegan diet

• The Asia Pacific region will dominate the market due to the

agricultural production base for plant-based sources.

2020 2025

Asia Pacif ic Dairy Alternatives Market

Danone S. A.1

Earth’s Own Food Company2

Sanitarium3

Otsuka Pharmaceutical Co.4

Major Players in APAC Region:

PRODUCT TYPES

Global Dairy & Dairy Alternative (Beverages)

MARKET OVERVIEW

BY PRODUCT TYPES

Source: Innova Market Insights, 2020b; Market Research Future, 2021. Research and Markets, 2020b

• Global Dairy Beverages – Growth rate of 5.5% (2020-2027).

• The increasing consumer preference for dairy drinks such as

ready-to-drink milkshakes, kefir, ready-to-drink milk-based

beverages, and buttermilk is driving the growth of the global

dairy beverages market.

• Global Dairy Alternative Beverages – Growth rate of > 9.9%

(2020-2025).

Almond Coconut Cashew Oat Rice40%

37%

ALMOND MILK SOY MILK

Global Market Growth

Global Dairy & Vegan Yogurt

• Rising awareness about healthy food, increasing young population

base which is health conscious and growing trend of dual

household income leading to increasing disposable income and

hence, aiding the sale of discretionary food items like yogurt.

• Additionally, availability of yogurt with high nutritional value, high

protein content, etc., and other such product innovations are

projected to drive global yogurt market through 2025.

• Spoonable non-dairy yogurts launched have doubled (2015 –

2019).

Sources: Grand View Research, 2020b; IMARC Group, 2020 ; Innova Market Insights, 2020b; Research and Markets, 2020d; Williams, 2021a

1.6

2019 2020 2027

Vegan Yogurt - US $ (billion)• Six in ten consumers preferred plant-based claims

when buying alternatives to dairy

• Plant-based claims had a CAGR of 41% over the 2017

to 2020 period (Dairy & Dairy Alternative)

2021 2026

Dairy Yogurt US $ (billion)

2021 2026

Dairy Yogurt US $ (billion)

MARKET OVERVIEW

BY PRODUCT TYPES

Global Dairy & Vegan Ice Cream

• Rising demand for convenience foods and the increasing product

premiumisation are contributing to the increased demand for ice

creams in the coming years.

• Rise in concern of lactose intolerance fuels the demand for dairy

free or vegan ice cream.

• Flavor is the king while dairy free and reduced sugar offer

competitive edge for ice cream

Sources: Allied Market Research., 2020, Expert Market Research, 2021; Innova Market Insights, 2020b

62.3

96.1

2020 2021 2026

Dairy Ice Cream - US $ (billion)

0.5

2

0.8

05

2019 2027

Vegan Ice Cream - US $ (billion)

91%consumers influenced by sugar reduction

claims (Innova Market Insights)

MARKET OVERVIEW

BY PRODUCT TYPES

Global Dairy & Vegan Cheese

• The high growth of the fast food industry is expected to result in

an increased consumption of cheese in the near future.

• Increasing acceptance of veganism among the consumers,

especially among the millennials, has been fueling the vegan

cheese market growth over the world.

Source: Grand View Research, 2020a; Research and Markets, 2020c

69.7

112.8

2019 2020 2025

Dairy Cheese - US$ (billion)

1.0

12019 2020 2027

Vegan Cheese - US$ (billion)

MARKET OVERVIEW

BY PRODUCT TYPES

Global Dairy & Vegan Butter

• The market is driven by the increasing demand for bakery and

confectionery as it is one of the vital ingredients in these industries.

• Awareness of excessive butter fat intake which can lead to cardiovascular

diseases, have led to a shift in the category of low fat, low cholesterol and

low-calorie butter.

• Vegan butter is highly nutritional with high good fat content and is used as

a substitute for dairy butter

Sources: Fior Markets, 2020; Research and Markets, 2020e

2020 2025

Dairy Butter

1.2

3

1.7

7

2018 2019 2026

Vegan Butter - US $ (billion)

MARKET OVERVIEW

BY PRODUCT TYPES

KEY

MARKET TRENDS

KEY MARKET TRENDS

Hello, Hybrids

Snacking Revolution

Protein Powers On

Texture Indulgence

Digestive Wellness Diversifies

Immunity Gets a Boost

Ingredient Provenance

KEY MARKET TRENDS

Plant-based

Snacking Revolution

KEY MARKET TRENDS

• The dairy snack market is segmented by product type

into:-

Cheese

Yogurt (Spoonable Yogurt & Drinkable Yogurt)

Ice cream

• The demand for ice creams has been growing rapidly.

• Asia-Pacific are leading in cheese snacks market as

convenience foods which typically contain high

amounts of protein and calcium.

• Growth factors:-

Smaller meals

Convenient and healthy on-the-go snack

Naturally high in calcium - perceived as a

nutritional snacking option

Consumer indulgence

Improve digestion and the immune system

Sources: Food Bev Media, 2020; Mordor Intelligence, 2020c; Transparency Market Research, 2021

Protein Powers On

KEY MARKET TRENDS

Sources: AI Palette, 2020 & 2021; Brewster, 2020; New Nutrition Business, 2020; Nicholson-West, 2020

• Going back to pre-COVID weight is a major health goal by

active dieting and increasing intake of protein.

• The industry continues to lean on the functionality and

versatility of dairy proteins, easily boosting protein content

while contributing neutral flavour and powerful nutrition.

• Interest in plant protein ingredients among manufacturers

and foodservice operators is also intensifying.

F&B Categories being discussed for plant-based protein alternatives across ASEAN

(Indonesia, Malaysia, the Philippines, Singapore and Thailand)

Plant-based trend

+123.6% but on a very small base

Dairy

12.6%Meat

5.5%Cheese

1.5%Egg

0.9%

CHN

+205%

IND

+39%

US

+19%

IND

+55%

PHP

+21%

CHN

+13%

Hello, Hybrids• Hybrid flavour innovation is increasingly being used

to deliver new sensory experiences.

• Category Crossover - with blending of ingredients

and mixing flavor profiles, providing consumers with

rich sensory experiences and new indulgence.

• A notable interest on the market in ‘hybrid’ solutions

based on nuts, grains and seeds - combine the

benefits of dairy and plant-based products to create

something delicious.

KEY MARKET TRENDS

Sources: Food Ingredients First, 2020; Innova Market Insights, 2020a

36%

22% 23%

Mix of plants &animals

Fully animal-sourced products

Fully plant-based

Source: Innova Consumer Survey 2020

Textural Indulgence

• From ice cream, yogurt to flavoured milk, consumers

are unwilling to lose the indulgent texture they receive

from the product.

• Emulsifiers and stabilizers are good choices for

creating a smooth creamy ice cream texture with

reduced ice crystal size and address texture

challenges associated with lower fat and protein in

plant-based dairy.

KEY MARKET TRENDS

Sources: Asia Pacific Food Industry, 2019; Innova Market Insights, 2020a; Toops, 2012; Zalesny & Seisun, 2020; Williams, 2021a

Global consumers will choose brown

flavours when they opt for something to

indulge (Innova Database 2021)

Digestive Wellness

Diversifies

KEY MARKET TRENDS

Sources: Bagul, 2020; New Nutrition Business, 2020; Mudgil, 2017; Shoaib et al., 2016

• Consumer are increasingly paying attention to their

digestive health.

• Inulin and FOS have been extensively studied as

prebiotics, they nourishes and selectively stimulates

the growth of good bacteria which promotes a healthy

digestive and immune system.

• They also support in relieving constipation and

increasing stool volume due to the bulking effect.

1 in 4 global consumers suffer from lower

digestive health issues. In half of those cases,

consumers claim that this has a moderate or

even severe impact on their overall health

(Euromonitor International’s Health and

Nutrition Survey 2020)

Immunity Gets A Boost

KEY MARKET TRENDS

Sources: International Dairy Federation, 2020; New Nutrition Business, 2020, Williams, 2021b

Global consumers are concerned about

their personal health & the health of

people close to them in the light of

Covid-19 (Innova Database 2021)

1 in 3 global consumers choose

orchard flavours when they want

something to boost their immunity

(Innova Database 2021)

Protein

Vitamin A

Vitamin B12

Vitamin D

Selenium

Zinc

Nutrients for

Optimal

Immunity

Ingredient Provenance

• Consumers want to learn where the ingredients come

from and they want the process explained to them.

• This consumer trend shows that either the ingredients

or the product itself is imported (giving the perception

that it is of higher quality) or that the product is

influenced by Western-style products.

KEY MARKET TRENDS

Sources: Gelski, 2019; New Nutrition Business, 2020; Reavell, 2020

Global consumers saying that the

story behind a brand influences their

purchasing decision (Innova

Database 2020)

Slate Chocolate Milk

Source of milk from family-owned dairy farms in United

States. These farmers care about their animals. Because of

this, they are fully compliant under the AWA (Animal Welfare

Act) and make sure the cows are well fed!

Market Examples: Ingredient Provenance

Yarra Farm Australian Pasteurized Cow’s Milk

The finest quality Australian ice cream since 1950 with the

best Australian milk

KEY MARKET TRENDS

Bute Island Sheese 100% Dairy Free Cheese -

Mozzarella Melty Sliced Vegan Cheese

Made in Scotland in a dedicated Vegan Factory

137 Degrees Unsweetened Almond Milk

137 Degrees Unsweetened Almond Milk is freshly squeezed

from 100% California non-gmo whole almonds

Market Examples: Ingredient Provenance

KEY MARKET TRENDS

FOOD CONCEPTS &

MARKET EXAMPLES

BEVERAGES

Dairy & Dairy Alternatives: Beverages

Concepts

• Protein Powers On

• Hello Hybrids

• Plant-based

Proposed Ingredients

• Vitamins & Minerals

• Inulin & FOS

• Chia Ingredients

• Monk Fruit Extracts

• Proteins (Soy, Rice, Almonds)

FOOD CONCEPTS & MARKET EXAMPLES

GoGo SqueeZ YogurtZ Pouches

Pantry-friendly, aka no fridge or cooler needed! Delicious,

convenient snacks perfect for kids

Varieties: Banana, Strawberry, Berry

Dairy Products: Beverages

Brownes Dairy Yogurt Wiggles Pouch

Added with pre (Inulin) & probiotics, making it the perfect

Yummy Yummy Snack Box snack for little tummies!


Dairy Products: Beverages


Fairlife Smart Snacks Nutrition Shake

15g protein

Varieties: French Vanilla, Creamy Strawberry, Rich

Chocolate

Quaker Breakfast Drink

Combination of Quaker wholegrain oats, milk and fruit to

give you a delicious tasty and satisfying drink, to start your

day at its best.

Varieties: Red berries, Vanilla

Milo Dairy Free Almond

Dairy Free Almond drink is made with plant-based

ingredients such as almond and soy. Low in fat and good

source of plant based protein. Ideal for those who are

lactose intolerant and those who are embarking on a plant-

based beverage!

Contains Soya Protein (2.4%), Almond Protein (0.6%),

Minerals (Calcium Carbonate, Ferric Pyrophosphate),

Maltodextrin, Vitamins (B3, B6, B2, D, B12) and Monk Fruit

(Luo Han Guo) Extract

Dairy Alternative: Beverages


CalifiaFarms Probiotic Dairy Free Yogurt Drink

A creamy and delicious dairy-free almond- and coconut-

based yogurt combined with real blueberries and a touch of

black currants

A unique blend of live active probiotic bifidobacterial that

well known for its efficacy in digestive and immune health

Silk Pure Almond Vanilla

50% more calcium compared to dairy milk with no

cholesterol or saturated fat compared to dairy milk!

Contains Vitamin and Mineral Blend (Calcium Carbonate,

Vitamin E Acetate, Vitamin A Palmitate, Vitamin D2)

Dairy Alternative: Beverages

Mighty Pea Milk Unsweetened

8g Plant Protein per Glass, 50% more calcium than cows

milk!

Contains Pea Proteins, Vitamins (B12,D).


YOGURT

Dairy & Dairy Alternatives: Yogurt


Concepts

• Snacking

• Immunity Gets a Boost

• Hello Hybrids



• Inulin & FOS


• Rice Starch

• Fruit blends

Yoatz Oats + Yogurt

Contains Chia Seed & Stevia

Varieties: Blueberry Flax, Strawberry Chia

Muuna Fruity Cottage Cheese

Its cottage cheese that perfectly paired with real pieces of

fruit

Varieties: Pineapple, Strawberry, Blueberry, Mango, Peach

Dairy Products: Yogurt


Yoplait YQ High Protein Yogurt

9.6g Protein per 100g

Contains Inulin & Sweeteners: Erythritol & Stevia

Varieties: Double Choc, Vanilla Salted Caramel

Dairy Products: Yogurt

FOOD CONCEPTS & MARKET EXAMPLES:

Activia Low Fat Probiotic Yogurt with Fibre

Contains Inulin and live cultures

Siggi’s Plant-Based Dairy Free Yogurt

Blend of coconut, macadamia, and pea protein to maximize

taste, consistency and nutrition

Contains 3x more protein & 40% less sugar than leading

yogurt alternatives

Dairy Alternative: Yogurt

Vega Protein Cashewmilk Yogurt Alternative Blueberry

Contains Pea Protein, Chicory Root Extract, Monk Fruit

Extract, Blueberry Puree


Good Karma Dairy-Free Yogurt Strawberry

Each little serving contains 800 milligrams of Omega 3’s

from flax oil, 5 to 6 grams of protein, vitamins (Vitamin A,

B12 and D2) and live and active cultures that good for

health

Dairy Alternative: Yogurt

Follow Your Heart Dairy-Free Yogurts

Dairy-free yogurt that is creamy, delicious, soy-free, and

comes packed with 1 billion live, active cultures

Contains Inulin


ICE CREAM

Dairy & Dairy Alternatives: Ice Cream

Concepts

• Texture Indulgence

• Protein Powers On

• Digestive Wellness



• Inulin & FOS


• Fruit blends

• Emulsifiers & Stabilizers


Blue Bunny Snacks Ice Cream

Indulgence snack sized ice cream

Varieties: Strawberry Cheesecake, Cookies ‘N Cream,

Salted Caramel Pretzel, Dark Chocolate Raspberry,

Peppermint Bark


Dairy Products: Ice Cream

Twisted Lite Ice cream + Probiotic Power

It'll do amazing things for your inner health – from boosting

your immune and digestive systems to supporting a healthy

lifestyle.

Contains dietary fibre Inulin and Probiotics

Varieties: Salted Caramel & Vanilla, Chocolate & Vanilla

Blue Bunny Load'd Sundaes

Deliciously soft with tons of toppings in a a single-serve cup

Dairy Products: Ice Cream

Thrive Ice Cream

24 vitamins and minerals. Powered by digestive & immune

health

Varieties: Creamy Vanilla, Fresh Strawberry, Simply

Chocolate


Magnum Dairy Free Ice Cream

Varieties: Classic, Sea-salt Caramel, Almond

Dairy Alternative: Ice Cream

Reveri Plant-Based Ice Cream

Contains no dairy, added sugar, sweeteners, or fats

Varieties: Vanilla Almond Blossom, Chocolate Forest, Purple

Chip Mint, and Strawberry Patch.


CHEESE

Dairy & Dairy Alternatives: Cheese


Concepts

• Snacking

• Hello, Hybrids



Dairylea Strip Cheese

Cheese Food Snack with added Calcium

Varieties: Tomato Basil, Barbeque, Parmesan, Cheddar,

Asiago Pepper Jack

Dairy Products: Cheese

Nancy Probiotic Cottage Cheese

Cottage Cheese that contains live probiotics cultures


Dairy Alternative: Cheese

Daiya Mozzarella Style Shreds

Made with the goodness of pure coconut oil that owned &

made in Australia

Daiya Dairy Free Plant-based Cheeze Sticks

Dairy free vegan cheese stick snack that delicious and

convenient which is free from dairy, gluten, soy and peanut


BUTTER

Dairy & Dairy Alternatives: Butter


Concepts

• Texture Indulgence

• Hello Hybrids

• Plant-based

• Digestive Wellness



• Inulin & FOS

• Emulsifiers & Stabilizers

Dutch Farms’ Greek Yogurt Butter

Uses traditionally strained Greek yogurt in butter

Dairy Products: Butter

Nutralite Doodh Shakti Probiotic Butter Spread

Contains butter made with creamy milk and has probiotics

which are good bacteria known to support gut health and

immune system as well as vitamins (A, D2 & E)


Dairy Alternative: Butter

Daiya Mozzarella Style Shreds

Country Crock Plant Butter With Olive Oil

A delicious fine and smooth texture of plant-based butter

made from ingredients like Olive Oil. It tastes like dairy

butter and is excellent for cooking, baking and spreading. It

is plant-based, dairy-free and gluten-free

Melt Organic Probiotic Butter

It comes from plants and two tablespoons deliver over 1-

billion active cultures. Its butter you can believe in - good for

your gut, good for the planet

Contains Inulin, Probiotic


REFERENCES

References

• AI Palette. (2020). Food Trends on The Horizon: 2021. Industry Report.

• AI Palette. (2021). Plant Protein: Asia. Industry Report.

• Allied Market Research. (2020). Vegan Ice Cream Market by Source (Coconut Milk, Soy Milk, Almond Milk, and

Cashew milk), Flavor (Caramel, Chocolate, Coconut, Coffee, Vanilla, and Fruit), Sales Type (Impulse, Take Home, and

Artisanal), and Distribution Channel (Supermarket/Hypermarket, Convenience Stores, and Online): Global Opportunity

Analysis and Industry Forecast, 2020–2027. Industry Report.

• Asia Pacific Food Industry. (2019). Premium Indulgence On A Dairy Basis.

• Bagul, K. (2020). The Rise and Potential of Gut Health. Euromonitor International.

• Brewster, E. (2020, November). Dairy-Derived Proteins Expand the Playing Field. Food Technology Magazine.

• Expert Market Research. (2021). Global Ice Cream Market: By Flavour; By Category; By Product; By Distribution

Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Price Analysis;

Manufacturing Process; Project Requirements and Costs Involved; Project Economics; Competitive Landscape;

Industry Events and Developments. Industry Report.

• Fior Markets. (2020). Vegan Butter Market by Product (Vegetable Butter, Nut Butter, and Others), Packaging Type,

Distribution Channel, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to

2026. Industry Report.

• Food Bev Media. (2020). Five trends shaping the global dairy industry in 2020.

• Food Ingredients First. (2020). Hybrid flavors and “trend collisions” help dairy brands break out.

GLOBAL DAIRY & DAIRY ALTERNATIVES

MARKET TRENDS 2021

• Gelski, J. (2019). Storytelling takes top spot in Innova’s 2020 trends. Food Business News.

• Grand View Research. (2020a). Vegan Cheese Market Size, Share & Trends Analysis Report By Product

(Mozzarella, Cheddar, Parmesan, Ricotta, Cream), By Source (Cashew, Soy), By End-use (Household,

Foodservice), By Region, And Segment Forecasts, 2020 – 2027. Industry Report.

• Grand View Research. (2020b). Vegan Yogurt Market Size, Share & Trends Analysis Report By Product (Soy,

Almond, Rice), By Distribution Channel (Hypermarket, Supermarket, Convenience Stores, Specialty Stores,

Online), By Region, And Segment Forecasts, 2020 – 2027. Industry Report.

• IMARC Group. (2020). Yogurt Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast

2021-2026. Industry Report.

• Innova Market Insights. (2020a, October/November). 5 Key Dairy Trends To Watch. The World of Food Ingredients,

24-25.

• Innova Market Insights. (2020b). Plant Based Spotlight On Dairy Alternatives.

• Innova Market Insights. (2020c). Flavor is king, but is not the only trend in ice cream

• International Dairy Federation. (2020). Dairy’s role in supporting a healthy immune system (IDF Factsheet 11/2020).

• Markets and Markets. (2021). Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp),

Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores,

Pharmacies), Formulation, and Region - Global Forecast to 2026. Industry Report.

References


MARKET TRENDS 2021

• Market Research Future. (2021). Global Dairy Beverages Market Research Report: Information by Type [Milk

(Flavored Milk and Plain Milk), Buttermilk, Kefir and others], Packaging Type [Cartons, Bottles, Cans and others],

Distribution Channel [Store-Based (Hypermarkets and Supermarkets, Convenience Stores and others) and Non-

Store-Based] and Region [North America, Europe, Asia-Pacific and Rest of the World] - Forecast till 2027. Industry

Report.

• Mordor Intelligence. (2020a). Asia-pacific Dairy Market – Growth, Trends, And Forecast (2020 - 2025). Industry

Report.

• Mordor Intelligence. (2020b). Asia-pacific Dairy Alternatives Market - Growth, Trends, Covid-19 Impact, And

Forecasts (2021 - 2026). Industry Report.

• Mordor Intelligence. (2020c). Dairy Snack Market - Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2026).

Industry Report.

• Mudgil, D. (2017). The Interaction Between Insoluble and Soluble Fiber. Dietary Fiber For The Prevention Of

Cardiovascular Disease, 35-59. https://doi.org/10.1016/b978-0-12-805130-6.00003-3

• New Nutrition Business. (2020). 10 Key Trends in Food, Nutrition & Health 2021. Industry Report.

• Reavell, H. (2020, October/November). Spoonable Yogurt: An Evolving Category. The World of Food Ingredients,

26-28.

• Research and Markets. (2020a). Dairy Products - Global Market Trajectory & Analytics. Industry Report.

• Research and Markets (2020b). Insights into the Global Dairy Alternative (Beverage) Industry to 2025 - Featuring

White Wave Foods, Hain Celestial Group & Blue Diamond Growers Among Others. Industry Report.

References


MARKET TRENDS 2021

https://doi.org/10.1016/b978-0-12-805130-6.00003-3

• Research and Markets. (2020c). Cheese Market: Global Industry Trends, Share, Size, Growth, Opportunity and

Forecast 2020-2025. Industry Report.

• Research and Markets. (2020d). Global Yogurt Market, by Fat Content (Regular, Low Fat, Fat Free), by Type

(Flavored, Non Flavored), by Form (Conventional Yogurt, Greek Yogurt, Set Yogurt, Others), by Packaging, by

Distribution Channel, by Region, Competition, Forecast & Opportunities, 2025. Industry Report.

• Research and Markets. (2020e). Butter Market Growth, Trends and Forecasts (2020 - 2025). Industry Report.

• Shoaib, M., Shehzad, A., Omar, M., Rakha, A., Raza, H., & Sharif, H. et al. (2016). Inulin: Properties, health

benefits and food applications. Carbohydrate Polymers, 147, 444-454.

https://doi.org/10.1016/j.carbpol.2016.04.020

• Toops, D. (2012). Hydrocolloids Make All the Difference in Ice Cream Formulations. Food Processing.

• Transparency Market Research. (2021). Cheese Snacks Market - Global Industry Analysis, Size, Share, Growth,

Trends, and Forecast 2017 – 2025. Industry Report.

• Williams, L. A. (2021a). Top Ten Trends 2021 for dairy. Innova Market Insights Webinar.

• Williams, L. A. (2021b). Top Ten Flavor Trends 2021. Innova Market Insights Webinar.

• Zalesny, N. & Seisun, D. (2020, October/November). Texturizing Dairy: Traditional vs. Plant-Based. The World of

Food Ingredients, 96-100.

References


MARKET TRENDS 2021

https://doi.org/10.1016/j.carbpol.2016.04.020

THANK YOU

GLOBAL DAIRY & DAIRY ALTERNATIVES MARKET TRENDS 2021

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