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Market Outlook

The global non-dairy creamer market is being driven by a growing demand for dairy alternatives. In 2018, the global market for dairy alternatives reached a value of USD 14.5 billion. The industry is projected to grow at robust pace in the forecast period of 2019-2024, growing at a CAGR of 12%. In 2024, the global dairy alternative industry is expected to attain USD 32 billion. The retail sales of plant-based dairy alternatives have been witnessing a growth of 8% annually over the past ten years.

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