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    Dairy Alternatives Market, Size, Global Forecast 2024-2030, Industry Trends, Growth, Insight, Top Companies Analysis

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    Sep 2022
    Pages: 150

    Dairy Alternatives Market Outlook

    According to Renub Research, Global Dairy Alternative Market is estimated to reach US$ 42.26 Billion by 2027. Products and beverages that can be used as dairy substitutes are dairy alternatives. These are made from plants and are thought to be a healthier alternative to dairy. Furthermore, several essential vitamins and minerals make these alternatives healthy. They're also low in fat and cholesterol, and lactose isn't present in them. Similarly, most people worldwide are transitioning from dairy to dairy-free goods as they become more aware that dairy-free diets can help with various issues such as digestive pain, failure to lose weight, acne, and irritable bowel syndrome.

    dairy-alternatives-market


    Global Dairy Alternative Market Size is expanding at a CAGR of 11.49% during 2021-2027:

    Dairy substitutes have been more prevalent in both developed and developing markets worldwide. This is due to an increase in the number of allergic persons to dairy. Furthermore, rising health consciousness and disposable income have boosted the expansion of the dairy substitutes industry. Moreover, the introduction of supplementary healthy ingredients by various market participants is one of the main reasons driving the market's growth. However, the primary limitations of this industry are fluctuating raw material prices and high costs. On the contrary, the dairy alternatives market is expected to develop due to increased vegan demand for dairy alternatives and the launch of new flavours and varieties of dairy alternatives.


    COVID-19 boost to Global Dairy Alternative Industry:

    The COVID-19 crisis has had a considerable consequence on the market. Consumer buying behavior changed due to increased health awareness; customers preferred lactose-free foods because of the numerous health benefits connected with them. In addition, because of the closure of retail stores due to covid regulations around the world, manufacturers of vegetarian products have seen substantial growth of these products through e-commerce websites rather than retail stores. During the first quarter of fiscal 2021, Danone SA, one of the key participants in this market, saw a 2.9 percent increase in sales. As per our analysis, Global Dairy Alternative Market was US$ 22.01 Billion by 2021.


    Beverage Segment to Lead Owing to Favourable Demand Dynamics:

    According to our analysis, the beverage category dominates the global market due to favorable demand dynamics, growing interest among the industry's major players, and excellent development potential for vegan drinks. Further, soy milk's widespread availability in the Asia Pacific market, notably in China, has been a clear leader in terms of beverage. Nonetheless, almond milk will outperform all other dairy alternatives in terms of growth. It is fast gaining appeal among consumers who avoid soy-based goods due to allergies or other health concerns.

    However, food segments such as Ice Cream, Yogurt, Cheese, and Creamers are also showcasing their popularity among consumers across all age groups. Remarkably, the food sector is rapidly evolving in its product offerings and claims, namely, non-dairy, vegan, plant-based, and natural, are experiencing considerable consumer attention. Moreover, vegan food appeal has gone far beyond the vegan consumers, along with the compelling plant-based label claims projecting offerings such as healthy indulgence among consumers.


    By Distribution Channel Analysis Supermarkets/Hypermarkets to Dominate:

    As the supermarkets and hypermarkets have proximity, accessibility, and affordability, they are likely to hold the most significant market share due to their unique product offerings. There is an excellent store shelf for vegan and plant-based items and enticing discounts to tempt consumers and enhance adoption rates. Plant-based goods are becoming increasingly distinctive. They are undergoing a tremendous transformation from their traditional reputation as a meat or dairy substitute. These products have made the transition to convenience, and customers are finding them simple to store, prepare, and consume. Online retail is anticipated to expand faster in the dairy alternatives market during the forecast period because of its greater convenience, improved shopping experience, and rising digital literacy rates.


    By Region, Asia-Pacific is the Fastest Growing Market:

    The dairy alternatives industry is expanding at the quickest rate in Asia-Pacific. The growing number of lactose-intolerant people in this region is driving up the demand for dairy alternatives. In addition, the Asian-Pacific health and wellness trend has brought the issue of food intolerances and allergies to the forefront of modern consumers' thoughts, increasing the demand for dairy substitutes. Soy-based alternatives are generally accepted in this region, leading to the establishment of companies like Vitasoy International Holding, which offers a diverse range of soy-based products. Furthermore, plant-based protein consumers in Asia-Pacific have adopted a dairy-free diet to improve their health and well-being. Plant-based diets can help prevent obesity, stroke, and heart disease, reduce cholesterol and arthritis pain, lower blood sugar, increase energy and improve mental clarity.


    Key Players:

    The global dairy alternatives market is moderately consolidated, with Danone, Hain Group Celestial, SunOpta, Blue Diamond Growers Inc, Vitasoy International Holdings Limited, Oatly, Noumi Limited, and Kikkoman all having substantial presences. These significant firms are also aggressively pursuing acquisitions and mergers to strengthen their positions and make a dramatic change to safeguard their future growth in a fall in dairy product appeal. Furthermore, the competitive intensity of this industry is projected to increase in the coming years if globally renowned firms discover and offer nutritionally adequate and environmentally sound alternatives that are both affordable and acceptable. At the same time, they are continuously attempting to keep up with market trends in dairy alternatives to develop new goods.


    Renub Research report titled “Dairy Alternatives Market, Global Forecast by Segment (Food (Ice Cream, Yogurt, Cheese and Creamers), Beverage (Soy Milk, Almond Milk, Rice Milk and Coconut Milk)), Distribution Channel (Supermarket and Hypermarket, Convenience Stores, Other Store based distribution channel and Non store based), Regions (North America, Asia Pacific, Europe and ROW), Companies (Danone, Hain Group Celestial, SunOpta, Blue Diamond Growers Inc, Vitasoy International Holdings Limited, Oatly, Noumi Limited and Kikkoman)” studies the detailed analysis on Global Dairy Alternatives Industry.

     

    dairy-alternatives-market-share

     

    Segment – Market has been studied from 2 viewpoints:

    1. Food

    • Ice Cream
    • Yogurt
    • Cheese
    • Creamers
    • Others

    2. Beverage

    • Soy Milk
    • Almond Milk
    • Rice Milk
    • Coconut Milk
    • Others


    Distribution Channel – Market has been studied from 4 viewpoints:

    1. Supermarket and Hypermarket
    2. Convenience Stores
    3. Other Store based distribution channel
    4. Non store based


    Region – Market has been studied from 4 viewpoints:

    1. North America
    2. Asia Pacific
    3. Europe
    4. ROW


    Company Insights:

    • Business overview
    • Recent Development
    • Sales Analysis


    Key Players:

    1. Danone
    2. Hain Group Celestial
    3. SunOpta
    4. Blue Diamond Growers Inc
    5. Vitasoy International Holdings Limited
    6. Oatly
    7. Noumi Limited
    8. Kikkoman

     

    Report Details:

    Report Features Details
    Base Year 2021
    Historical Period 2018 - 2021
    Forecast Period 2022 - 2027
    Market US$ Billion
    Segment Covered Food, Beverage, Distribution Channel, Region
    Regions Covered North America, Europe, Asia Pacific, Rest of World
    Companies Covered Danone, Hain Group Celestial, SunOpta, Blue Diamond Growers Inc, Vitasoy International Holdings Limited, Oatly, Noumi Limited and Kikkoman
    Customization Scope 20% Free Customization
    Post-Sale Analyst Support 1 Year (52 Weeks)
    Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)


    Frequently Asked Questions:

    1. What are the market dynamicsin the Dairy Alternatives industry?
    2. Which are the top companies in the Dairy Alternatives Market?
    3. What makes the beverage segment dominating in the Dairy Alternatives Market?
    4. What are the trends shaping the market in the emerging region like Asia- Pacific?
    5. What is the impact of Post COVID-19 scenario to the dairy alternatives market?

    1.    Introduction

    2.    Research & Methodology

    3.    Executive Summary

    4.    Market Dynamics

    4.1    Growth Drivers
    4.2    Challenge


    5.    Dairy Alternatives Market


    6.    Market Share – Dairy Alternative Analysis

    6.1    By Segment

    6.1.1    By Food
    6.1.2    By Beverage

    6.2    By Distribution Channel

    6.3    By Region


    7.    Segment - Dairy Alternative Market

    7.1    Food

    7.1.1    Ice Cream
    7.1.2    Yogurt
    7.1.3    Cheese
    7.1.4    Creamers
    7.1.5    Others

    7.2    Beverage

    7.2.1    Soy Milk
    7.2.2    Almond Milk
    7.2.3    Rice Milk
    7.2.4    Coconut Milk
    7.2.5    Others


    8.    Distribution Channel - Dairy Alternative Market

    8.1    Supermarket and Hypermarket
    8.2    Convenience Stores
    8.3    Other Store based distribution channel
    8.4    Non store based


    9.    Region - Dairy Alternative Market

    9.1    North America
    9.2    Asia Pacific
    9.3    Europe
    9.4    Rest of the World


    10.    Key Players Analysis

    10.1    Danone

    10.1.1    Business overview
    10.1.2    Recent Development
    10.1.3    Sales Analysis

    10.2    Hain Group Celestial

    10.2.1    Business overview
    10.2.2    Recent Development
    10.2.3    Sales Analysis

    10.3    SunOpta

    10.3.1    Business overview
    10.3.2    Recent Development
    10.3.3    Sales Analysis

    10.4    Blue Diamond Growers Inc

    10.4.1    Business overview
    10.4.2    Recent Development
    10.4.3    Sales Analysis

    10.5    Vitasoy International Holdings Limited

    10.5.1    Business overview
    10.5.2    Recent Development
    10.5.3    Sales Analysis

    10.6    Oatly

    10.6.1    Business overview
    10.6.2    Recent Development
    10.6.3    Sales Analysis

    10.7    Noumi Limited

    10.7.1    Business overview
    10.7.2    Recent Development
    10.7.3    Sales Analysis

    10.8    Kikkoman

    10.8.1    Business overview
    10.8.2    Recent Development
    10.8.3    Sales Analysis


    List of Figures:

    Figure-01:    Global – Dairy Alternatives Market (Billion US$), 2018 – 2021
    Figure-02:    Global – Forecast for Dairy Alternatives Market (Billion US$), 2022 – 2027
    Figure-03:    Segment – Food Market (Million US$), 2018 – 2021
    Figure-04:    Segment – Forecast for Food Market (Million US$), 2022 – 2027
    Figure-05:    Food – Ice Cream Market (Million US$), 2018 – 2021
    Figure-06:    Food – Forecast for Ice Cream Market (Million US$), 2022 – 2027
    Figure-07:    Food – Yogurt Market (Million US$), 2018 – 2021
    Figure-08:    Food – Forecast for Yogurt Market (Million US$), 2022 – 2027
    Figure-09:    Food – Cheese Market (Million US$), 2018 – 2021
    Figure-10:    Food – Forecast for Cheese Market (Million US$), 2022 – 2027
    Figure-11:    Food – Creamers Market (Million US$), 2018 – 2021
    Figure-12:    Food – Forecast for Creamers Market (Million US$), 2022 – 2027
    Figure-13:    Food – Others Market (Million US$), 2018 – 2021
    Figure-14:    Food – Forecast for Others Market (Million US$), 2022 – 2027
    Figure-15:    Segment – Beverage Market (Million US$), 2018 – 2021
    Figure-16:    Segment – Forecast for Beverage Market (Million US$), 2022 – 2027
    Figure-17:    Beverage – Soy Milk Market (Million US$), 2018 – 2021
    Figure-18:    Beverage – Forecast for Soy Milk Market (Million US$), 2022 – 2027
    Figure-19:    Beverage – Almond Milk Market (Million US$), 2018 – 2021
    Figure-20:    Beverage – Forecast for Almond Milk Market (Million US$), 2022 – 2027
    Figure-21:    Beverage – Rice Milk Market (Million US$), 2018 – 2021
    Figure-22:    Beverage – Forecast for Rice Milk Market (Million US$), 2022 – 2027
    Figure-23:    Beverage – Coconut Milk Market (Million US$), 2018 – 2021
    Figure-24:    Beverage – Forecast for Coconut Milk Market (Million US$), 2022 – 2027
    Figure-25:    Beverage – Others Market (Million US$), 2018 – 2021
    Figure-26:    Beverage – Forecast for Others Market (Million US$), 2022 – 2027
    Figure-27:    Distribution Channel – Supermarket and Hypermarket Market (Million US$), 2018 – 2021
    Figure-28:    Distribution Channel – Forecast for Supermarket and Hypermarket Market (Million US$), 2022 – 2027
    Figure-29:    Distribution Channel – Convenience Stores Market (Million US$), 2018 – 2021
    Figure-30:    Distribution Channel – Forecast for Convenience Stores Market (Million US$), 2022 – 2027
    Figure-31:    Distribution Channel – Other Store based distribution channel Market (Million US$), 2018 – 2021
    Figure-32:    Distribution Channel – Forecast for Other Store based distribution channel Market (Million US$), 2022 – 2027
    Figure-33:    Distribution Channel – Non store based Market (Million US$), 2018 – 2021
    Figure-34:    Distribution Channel – Forecast for Non store based Market (Million US$), 2022 – 2027
    Figure-35:    North America – Dairy Alternatives Market (Million US$), 2018 – 2021
    Figure-36:    North America – Forecast for Dairy Alternatives Market (Million US$), 2022 – 2027
    Figure-37:    Asia Pacific – Dairy Alternatives Market (Million US$), 2018 – 2021
    Figure-38:    Asia Pacific – Forecast for Dairy Alternatives Market (Million US$), 2022 – 2027
    Figure-39:    Europe – Dairy Alternatives Market (Million US$), 2018 – 2021
    Figure-40:    Europe – Forecast for Dairy Alternatives Market (Million US$), 2022 – 2027
    Figure-41:    Rest of the World – Dairy Alternatives Market (Million US$), 2018 – 2021
    Figure-42:    Rest of the World – Forecast for Dairy Alternatives Market (Million US$), 2022 – 2027
    Figure-43:    Danone – Global Revenue (Million US$), 2018 – 2021
    Figure-44:    Danone – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-45:    Hain Group Celestial – Global Revenue (Million US$), 2018 – 2021
    Figure-46:    Hain Group Celestial – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-47:    SunOpta – Global Revenue (Million US$), 2018 – 2021
    Figure-48:    SunOpta – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-49:    Blue Diamond Growers Inc – Global Revenue (Million US$), 2018 – 2021
    Figure-50:    Blue Diamond Growers Inc – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-51:    Vitasoy International Holdings Limited – Global Revenue (Million US$), 2018 – 2021
    Figure-52:    Vitasoy International Holdings Limited – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-53:    Oatly – Global Revenue (Million US$), 2018 – 2021
    Figure-54:    Oatly – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-55:    Noumi Limited – Global Revenue (Million US$), 2018 – 2021
    Figure-56:    Noumi Limited – Forecast for Global Revenue (Million US$), 2022 – 2027
    Figure-57:    Kikkoman – Global Revenue (Million US$), 2018 – 2021
    Figure-58:    Kikkoman – Forecast for Global Revenue (Million US$), 2022 – 2027


    List of Tables:

    Table-01:    Global – Dairy Alternatives Market Share by Segment (Percentage), 2018 – 2021
    Table-02:    Global – Forecast for Dairy Alternatives Market Share by Segment (Percentage), 2022 – 2027
    Table-03:    Global – Dairy Alternatives Market Share by Food (Percentage), 2018 – 2021
    Table-04:    Global – Forecast for Dairy Alternatives Market Share by Food (Percentage), 2022 – 2027
    Table-05:    Global – Dairy Alternatives Market Share by Beverage  (Percentage), 2018 – 2021
    Table-06:    Global – Forecast for Dairy Alternatives Market Share by Beverage (Percentage), 2022 – 2027
    Table-07:    Global – Dairy Alternatives Market Share by Distribution Channel (Percentage), 2018 – 2021
    Table-08:    Global – Forecast for Dairy Alternatives Market Share by Distribution Channel (Percentage), 2022 – 2027
    Table-09:    Global – Dairy Alternatives Market Share by Regions (Percentage), 2018 – 2021
    Table-10:    Global – Forecast for Dairy Alternatives Market Share by Regions (Percentage), 2022 – 2027

    • Description
      Price
    • Chapter 7     Pages : 30
      $1,200
    • Chapter 8     Pages : 14
      $600
    • Chapter 9     Pages : 14
      $600
    • Chapter 10.1     Pages : 5
      $150
    • Chapter 10.2     Pages : 5
      $150
    • Chapter 10.3     Pages : 5
      $150
    • Chapter 10.4     Pages : 5
      $150
    • Chapter 10.5     Pages : 5
      $150
    • Chapter 10.6     Pages : 5
      $150
    • Chapter 10.7     Pages : 5
      $150
    • Chapter 10.8     Pages : 5
      $150

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