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Press Release:

Global Dairy Alternatives Market to Grow at 11.4% During 2022-2027, Impelled by Emerging Trend of Veganism

COVID-19
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Get detailed insights regarding the impact of COVID-19 on the market.

Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

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.

Dairy Alternatives Market Trends:

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.

Key Market Segmentation:

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:

  • Almond
  • Soy
  • Oats
  • Hemp
  • Coconut
  • Rice
  • Others
     

Breakup by Formulation:

  • Plain
    • Sweetened
    • Unsweetened
  • Flavored
    • Sweetened
    • Unsweetened
       

Breakup by Nutrient:

  • Protein
  • Starch
  • Vitamin
  • Others
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others
     

Breakup by Product Type:

  • Cheese
  • Creamers
  • Yogurt
  • Ice Creams
  • Milk
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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
Five User License: US$ 3499
Corporate License: US$ 4499
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)

 

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Dairy Alternatives Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Source
    6.1    Almond
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Soy
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Oats
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Hemp
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Coconut
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Rice
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Formulation
    7.1    Plain
        7.1.1 Market Trends
        7.1.2 Major Types 
           7.1.2.1 Sweetened
           7.1.2.2 Unsweetened
        7.1.3 Market Forecast
    7.2    Flavored
        7.2.1 Market Trends
        7.2.2 Major Types
           7.2.2.1 Sweetened
           7.2.2.2 Unsweetened
        7.2.3 Market Forecast
8    Market Breakup by Nutrient
    8.1    Protein
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Starch
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Vitamin
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Supermarkets and Hypermarkets
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Convenience Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Online Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Product Type
    10.1    Cheese
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Creamers
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Yogurt
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Ice Creams
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Milk
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
    13.1    Overview
    13.2    Inbound Logistics
    13.3    Operations
    13.4    Outbound Logistics
    13.5    Marketing and Sales
    13.6    End-Consumers
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
    15.1    Key Price Indicators
    15.2    Price Structure
    15.3    Price Trends
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Blue Diamond Growers
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
        16.3.2    Döhler GmbH
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
        16.3.3    Earth’s Own Food Company Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    Eden Foods, Inc.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    Freedom Foods Group 
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    Nutriops S.L.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
        16.3.7    Organic Valley
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
        16.3.8    Panos Brands
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
        16.3.9    Sanitarium
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
        16.3.10    SunOpta Inc.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    Hain Celestial Group, Inc.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    The Whitewave Foods Company (Danone North America)
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio 
        16.3.13    Triballat Noyal 
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio 
        16.3.14    Valsoia SpA
           16.3.14.1 Company Overview
           16.3.14.2 Product Portfolio 
           16.3.14.3 Financials

List of Figures

Figure 1: Global: Dairy Alternatives Market: Major Drivers and Challenges
Figure 2: Global: Dairy Alternatives Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Dairy Alternatives Market: Breakup by Source (in %), 2021
Figure 4: Global: Dairy Alternatives Market: Breakup by Formulation (in %), 2021
Figure 5: Global: Dairy Alternatives Market: Breakup by Nutrient (in %), 2021
Figure 6: Global: Dairy Alternatives Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Dairy Alternatives Market: Breakup by Product Type (in %), 2021
Figure 8: Global: Dairy Alternatives Market: Breakup by Region (in %), 2021
Figure 9: Global: Dairy Alternatives Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Dairy Alternatives (Almond) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Dairy Alternatives (Almond) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Dairy Alternatives (Soy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Dairy Alternatives (Soy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Dairy Alternatives (Oats) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Dairy Alternatives (Oats) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Dairy Alternatives (Hemp) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Dairy Alternatives (Hemp) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Dairy Alternatives (Coconut) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Dairy Alternatives (Coconut) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Dairy Alternatives (Rice) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Dairy Alternatives (Rice) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Dairy Alternatives (Other Sources) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Dairy Alternatives (Other Sources) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Dairy Alternatives (Plain) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Dairy Alternatives (Plain) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Dairy Alternatives (Flavored) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Dairy Alternatives (Flavored) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Dairy Alternatives (Protein) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Dairy Alternatives (Protein) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Dairy Alternatives (Starch) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Dairy Alternatives (Starch) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Dairy Alternatives (Vitamin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Dairy Alternatives (Vitamin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Dairy Alternatives (Other Nutrients) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Dairy Alternatives (Other Nutrients) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Dairy Alternatives (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Dairy Alternatives (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Dairy Alternatives (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Dairy Alternatives (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Dairy Alternatives (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Dairy Alternatives (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Dairy Alternatives (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Dairy Alternatives (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Dairy Alternatives (Cheese) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Dairy Alternatives (Cheese) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Dairy Alternatives (Creamers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Dairy Alternatives (Creamers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Dairy Alternatives (Yogurt) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Dairy Alternatives (Yogurt) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Global: Dairy Alternatives (Ice Creams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Global: Dairy Alternatives (Ice Creams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Global: Dairy Alternatives (Milk) Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Global: Dairy Alternatives (Milk) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Global: Dairy Alternatives (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Global: Dairy Alternatives (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: North America: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: North America: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United States: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United States: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Canada: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Canada: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Asia Pacific: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Asia Pacific: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: China: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: China: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Japan: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Japan: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: India: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: India: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: South Korea: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: South Korea: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Australia: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Australia: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Indonesia: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Indonesia: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Europe: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Europe: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Germany: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Germany: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: France: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: France: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: United Kingdom: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: United Kingdom: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Italy: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Italy: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Spain: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Spain: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Russia: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Russia: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Latin America: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Latin America: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Brazil: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Brazil: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Mexico: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 99: Mexico: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 100: Others: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 101: Others: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 102: Middle East and Africa: Dairy Alternatives Market: Sales Value (in Million US$), 2016 & 2021
Figure 103: Middle East and Africa: Dairy Alternatives Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 104: Global: Dairy Alternatives Industry: SWOT Analysis
Figure 105: Global: Dairy Alternatives Industry: Value Chain Analysis
Figure 106: Global: Dairy Alternatives Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Dairy Alternatives Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Dairy Alternatives Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 3: Global: Dairy Alternatives Market Forecast: Breakup by Formulation (in Million US$), 2022-2027
Table 4: Global: Dairy Alternatives Market Forecast: Breakup by Nutrient (in Million US$), 2022-2027
Table 5: Global: Dairy Alternatives Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Dairy Alternatives Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 7: Global: Dairy Alternatives Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Dairy Alternatives Market: Competitive Structure
Table 9: Global: Dairy Alternatives Market: Key Players


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Key Questions Answered in This Report

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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