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The global dairy alternatives market size reached US$ 24.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Dairy alternatives refer to various food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are derived from plant-based sources, such as nuts and seeds and are a rich source of essential nutrients, such as calcium, vitamins, minerals, iron, potassium and magnesium. They also have minimal levels of fat and calories and are usually consumed by individuals suffering from lactose intolerance. Rice, coconut, cashew, oat, almond and soymilk are the commonly available dairy alternatives. They aid in weight management, maintaining a healthy nervous system, red blood cell (RBC) levels and brain functioning.
The increasing prevalence of chronic medical ailments, such as diabetes, cardiovascular (CVD) and gastrointestinal diseases, along with the growing number of people with lactose intolerance, is one of the key factors driving the growth of the market. Rising awareness regarding the benefits of consuming dairy alternatives is projected to drive the dairy alternatives market further. In comparison to the traditionally used dairy products, these alternatives are easily digested and do not cause painful bloating and other gastric problems. Additionally, the emerging trend of veganism across the globe and various technological advancements in the production processes of these products, are also contributing to the market growth. For instance, manufacturers are utilizing ultra-high temperature (UHT) processing and enzymatic liquefaction processes to enhance the yield and nutritional content of the products. Other factors, including the availability of various sweetened, flavored and unsweetened variants, aggressive promotional activities by the manufacturers and rapid urbanization across the globe, are expected to drive the global dairy alternatives market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy alternatives market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on source, formulation, nutrient, distribution channel and product type.
Breakup by Source:
Breakup by Formulation:
Breakup by Nutrient:
Breakup by Distribution Channel:
Breakup by Product Type:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Blue Diamond Growers, Döhler GmbH, Earth’s Own Food Company Inc., Eden Foods, Inc., Freedom Foods Group, Nutriops S.L, Organic Valley, PANOS brands, Sanitarium, SunOpta Inc., Hain Celestial Group, Inc., The Whitewave Foods Company (Danone North America), Triballat Noyal, and Valsoia S.p.A.
|Base Year of the Analysis||2021|
|Segment Coverage||Source, Formulation, Nutrient, Distribution Channel, Product Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Blue Diamond Growers, Döhler GmbH, Earth’s Own Food Company Inc., Eden Foods, Inc., Freedom Foods Group, Nutriops S.L, Organic Valley, PANOS brands, Sanitarium, SunOpta Inc., Hain Celestial Group, Inc., The Whitewave Foods Company (Danone North America), Triballat Noyal, and Valsoia S.p.A|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global dairy alternatives market was valued at US$ 24.9 Billion in 2021.
We expect the global dairy alternatives market to exhibit a CAGR of 11.4% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of dairy alternatives.
The expanding lactose-intolerance and vegan population, along with the increasing awareness towards numerous health benefits of consuming dairy alternatives, such as weight management, maintaining a healthy nervous system, RBC levels, etc., is primarily driving the global dairy alternatives market.
Based on the source, the global dairy alternatives market can be categorized into almond, soy, oats, hemp, coconut, rice, and others. Currently, soy holds the majority of the total market share.
Based on the formulation, the global dairy alternatives market has been segregated into plain and flavored, where plain accounts for the largest market share.
Based on the nutrient, the global dairy alternatives market can be divided into protein, starch, vitamin, and others. Among these, protein currently exhibits a clear dominance in the market.
Based on the distribution channel, the global menthol cigarette market has been bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets hold the majority of the global market share.
Based on the product type, the global dairy alternatives market can be segmented into cheese, creamers, yogurt, ice creams, milk, and others. Among these, milk exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market in the global market.
Some of the major players in the global dairy alternatives market include Blue Diamond Growers, Döhler GmbH, Earth’s Own Food Company Inc., Eden Foods, Inc., Freedom Foods Group, Nutriops S.L, Organic Valley, PANOS brands, Sanitarium, SunOpta Inc., Hain Celestial Group, Inc., The Whitewave Foods Company (Danone North America), Triballat Noyal, and Valsoia S.p.A.
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