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The Dairy Alternatives Market to exceed $49 billion valuation by 2028, says Global Market Insights Inc.

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According to the latest report by Global Market Insights Inc., the Dairy Alternatives Market was estimated at USD 24 Billion in 2021 and is expected to be valued at about USD 49 billion by 2028, registering with a CAGR of 10% from 2022 to 2028. The research report gives an in-depth assessment of market size & estimations, top winning strategies, competitive scenario, drivers & opportunities, wavering market trends, and major investment pockets.

Dairy alternatives are known to have fewer calories, less fat content, increased water content, and high nutrients and vitamins. Growing consumption of dairy alternatives owing to their lactose-free characteristics has been favorable for industry growth. Additionally, rising uptake of plant-based beverages on account of their low caloric and sugar content has positively influenced product adoption. Mounting demand for oat milk and rice milk due to their high nutrient value is speculated to enhance market growth through the forecast period.

Request for Sample Report: https://www.gminsights.com/request-sample/detail/2451

Almond is a nutritional food product rich in vitamin, magnesium, dietary fibers, and healthy fats. Almond milk is increasingly being used as a cow-milk substitute since it has high nutritional value. Moreover, key benefits offered by almond-based products to enhance overall diet as well as lower cholesterol and blood sugar levels among consumers are set to drive product demand. In 2021, the almond product segment surpassed USD 9 billion in revenue and is poised to observe steady expansion over the study timeline.

On the other hand, the dairy alternatives market share from the soy product segment was valued at more than USD 10 billion in 2021 and is estimated to grow significantly at a CAGR of approximately 10% through the assessment timespan. Various health benefits offered by soy-based dairy substitutes are anticipated to bolster segmental adoption in the upcoming years.

Key reasons for dairy alternatives market growth:

1.  Soaring demand in food & beverage sector.

2.  Mounting adoption in plant-based beverages.

3.  Growing uptake in vegan and lactose-free diets.

2028 forecasts show ‘beverages’ segment retaining its dominance:

From the application point of view, the beverages segment holds a substantial share in the dairy alternatives industry with a valuation of around USD 21 billion in 2021 and is set to witness robust expansion over the analysis timeline. Shifting preferences of consumers for lactose-free plant-based products are set to drive the demand for dairy alternatives. In the beverage sector, dairy alternatives are widely utilized to improve flavoring, viscosity, stability, and taste in drinks. Increasing inclination of consumers towards the adoption of plant-based products in a beverage for phenylketonuria, lactose intolerance, and milk allergy is foreseen to drive segmental growth in the forthcoming years.

Europe to maintain top status in terms of revenue:

In the regional landscape, the Europe dairy alternatives market is slated to reach a valuation of more than USD 6 billion by the end of 2028. Key benefits of dairy alternatives, such as they are cholesterol-free, sugar-free, gluten-free, and lactose-free, would drive product demand in Europe. Additionally, growing prevalence of specialty stores, online stores, and mainstream stores providing non-dairy beverages under private labels, along with surging demand for plant-based derivatives, is likely to be key contributors to regional market growth in the coming years.

Request for the customization of this report: https://www.gminsights.com/roc/2451

Impact of COVID-19 pandemic on dairy alternatives market:

Following the onset of COVID-19, there was need for effective therapeutic methods to combat the infection. Patients infected with the novel coronavirus needed to eat and drink well in order to boost their immune system and recover quickly. Prominent uptake of a diet high in protein and energy increased the importance of dairy alternatives, which has boosted market growth during the pandemic.

Leading market players:

Some key companies in the global dairy alternatives industry include Califia Farms, SunOpta, Inc, So Delicious, Blue Diamond Growers, WhiteWave Foods, Valsoia SpA, Pacific Foods, Freedom Foods, New Barn, and MALK Organics, among others.

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Keyrus expands its data nearshore services connecting Portugal’s talent with the Dach Region, Netherlands and Nordic Countries

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LISBON, Portugal, May 7, 2024 /PRNewswire/ — Keyrus, a global leader in data analytics and digital transformation, is proud to announce the consolidation of developing and delivering data solutions remotely from Portugal. After successfully demonstrating its expertise for over 3 years in the UK, France, and Belgium markets, Keyrus Portugal Nearshore is expanding its offering to the rest of Europe. This significant move establishes a seamless connection between the rich technological talent of Portugal and the robust markets of the Dach Region, Netherlands or Nordic Countries. This strategic initiative not only signifies Keyrus’ unwavering dedication to fostering digital innovation and transformation across the globe but also marks a milestone in its ongoing mission to bridge technological frontiers.

Keyrus Portugal’s focus on data nearshore services highlights the country’s competitive advantages, including its highly skilled technological talent, cutting-edge infrastructure, and geographical and cultural proximity to major European markets. These factors, combined with Keyrus’ deep experience and knowledge in data analytics, cloud solutions, ML, Gen AI, and digital solutions, ensure an unprecedented offering in terms of quality, efficiency, and value.
Javier Riera, Executive Director of Southern Europe at Keyrus, expresses excitement, “Consolidating our data nearshore services heralds a new era of collaboration, uniting Portugal’s top tech talent with leading European businesses. Our goal: deliver personalized resources, aligned with client needs, for efficient implementations and exceptional results.”
About Keyrus
Keyrus is a global consulting and technology company that focuses on making data matter, truly matter, from a human perspective. Since it is not only the data itself that matters, but the opportunities we can develop by leveraging it. A mere means to an end, data, whether big, small, human, complex, historical, prospective, only ever makes sense when it is used to develop experiences, shape understanding, make the best decisions. Our value proposition is founded upon five major groups of services, each comprising multiple offerings: 
Automation and artificial intelligence.  Human-centric digital experience. Data & analytics enablement. Cloud and security. Business transformation & innovation.  At Keyrus, we help our clients to successfully transform themselves to build a better future.  
Keyrus employs over 3500 employees and is based in 27+ countries across 4 continents. 
Discover more about how Keyrus’ data nearshore services can revolutionize your business & data strategy by visiting nearshore.keyrus.com
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Promoting a Greener Future: Beny Becomes Official Sponsor of the Primeira Liga

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MADRID, May 7, 2024 /PRNewswire/ — Beny recently announced that it has become the official sponsor of the Primeira Liga. This sponsorship will cover key events in the second quarter of the match. The announcement has drawn significant attention from both the business and sports communities, as it represents not only a commercial collaboration but also symbolizes the convergence of sports and environmental ideals. As the sponsor, Beny’s brand logo is prominently displayed on stadium fencing at the game venues, further enhancing brand visibility.

As a global leader in providing innovative new energy solutions, Beny’s product range includes photovoltaic DC power transmission and distribution, smart EV charging, and micro energy system, among other fields. With its mission to “Empowering the safe advancement of the new energy sector through AI,” Beny strives to contribute to the global energy transition through technological innovation.
Following Beny’s announcement of becoming the official sponsor, industry experts view this partnership not just as a business venture but also as a powerful statement that sports and environmental initiatives can work hand-in-hand to promote sustainable development. Beny’s General Manager, Jundan Wang, commented on the collaboration, stating, “This is a great opportunity to use football as a platform to spread the idea of green energy to a broader audience. We look forward to seeing players deliver stellar performances in the upcoming games, while Beny continues to innovate in the sustainable energy field, driving industry growth.”
Football is one of the most popular sports in the world, capable of uniting people from diverse backgrounds. This aligns with our aspiration: to offer a more sustainable future to global consumers. The Primeira Liga is renowned for its intense competition, technical excellence, and deep impact on fans. Through its sponsorship of game, Beny hopes to raise awareness and acceptance of green energy among fans, encouraging more people to engage in sustainable practices and contribute to a greener future.
The partnership with the Primeira Liga offers new opportunities and possibilities for both parties. This collaboration represents a win-win situation, not only advancing football as a sport but also supporting global efforts towards a sustainable energy transition. We look forward to witnessing the competitive spirit in the upcoming games and seeing both Beny and the Primeira Liga leave a lasting impression in their respective fields.

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Persistent Transforms Enterprise Data Management with iAURA, a Portfolio of AI-Powered Data Solutions

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SANTA CLARA, Calif. and PUNE, India, May 7, 2024 /PRNewswire/ — Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced the launch of Persistent iAURA, a suite of AI-powered data solutions engineered to catalyze business growth. iAURA empowers businesses with seamless deployment and precision in addressing data challenges for AI implementations. The solutions harness AI and ML to uncover hidden patterns, enabling data-driven decision-making, enhanced business intelligence, and automated data quality assurance and reconciliation.

In today’s data-driven world, businesses face challenges in handling large amounts of data while ensuring quality, governance, and cost control, often requiring specialized technical expertise. These challenges hinder strategic decision-making and impede growth, especially with the rise of AI, which requires access and integration of large amounts of high-quality data. As businesses aim to utilize AI, they face obstacles in utilizing data, including extracting actionable insights, ensuring quality, and automating migration processes. iAURA offers tailored solutions, expediting the transition to AI-driven enterprises, providing a comprehensive approach from data ingestion to insights using analytics and accelerators.
The AI-first solutions for complete enterprise data management in the iAURA portfolio include:
iAURA Insights empowers teams to talk to their data in natural language and get relevant business insights.iAURA Migrate automates and accelerates migration and modernization of data technologies using GenAI-enabled tools. It is a comprehensive suite of solutions that spans across Business Intelligence, ETL, Data Warehouse, among others.iAURA Data Ops ensures AI-driven data quality, data reconciliation, and data freshness.iAURA Platforms aid clients in managing tool choice, governance, security, and cost through data and AI platform services.In initial engagements, the benefits of iAURA have been substantial. With iAURA Insights, Persistent developed virtual agents driven by GenAI to seamlessly guide users on a step-by-step journey from business requirements to proposals. This enabled a leading pharmaceutical company to accelerate proposal response time by 90%.
iAURA is compatible with all major hyperscaler platforms and all leading LLM providers, giving clients the flexibility to deploy on their preferred choice of technologies. By combining advanced software solutions, robust platform capability, and deep implementation expertise, iAURA provides clients with unparalleled agility in deployment models. It integrates Persistent’s IP as accelerators and APIs, ensuring seamless integration and optimal performance.
Bidish Sarkar, Senior Vice President – Data and Analytics, Persistent:”We’re excited to introduce iAURA, a cutting-edge suite of AI-powered data solutions engineered to propel business growth. iAURA optimizes enterprise data management, accelerating the transformation from data ingestion to actionable insights. This enhancement empowers enterprises to expedite their decision-making, time to market, and accelerates the journey to scale GenAI use cases.”
Nandini Tare, Associate Practice Lead, Digital Engineering, HFS Research: “Data plays a critical role in GenAI solutions, accessing enterprise data and driving insights from it is one of the challenges that organizations face in today’s fast paced technology landscape. Persistent’s iAURA, unlocks the true potential of data. It drives growth by empowering organizations to make informed data driven decisions. Its seamless integration and compatibility with all hyperscalers bring flexibility of infrastructure and the ability to contextualize and visualize data accelerates insights for better decision making. The iAURA suite of solutions truly brings a strong proposition that transforms enterprise data into valuable outcomes.”
About Persistent
With over 23,800 employees located in 21 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 268% growth since 2020, Persistent is the fastest-growing Indian IT Services brand according to Brand Finance.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
 
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