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

May 11, 2021

According to the latest report by IMARC Group, titled "Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global dairy alternatives market reached a value of US$ 24.9 Billion in 2021. Dairy alternatives are dairy-free food products that are sourced from plants. They are used as a major substitute for animal-based milk and milk-based products, such as butter, cheese and yogurt. These substitutes, including soy, oats, rice, almond and coconut milk and related products, are characterized by similar taste and texture while being considered a healthier option to their traditional counterparts. They are rich in iron, calcium, iodine, zinc, riboflavin, vitamins, minerals, magnesium and potassium, as well as low in fat and calories. Consequently, their consumption is widely associated with improving bone structure, repairing damaged cells, enhancing brain functioning and assisting in weight loss.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Dairy Alternatives Market Trends:

The market is primarily driven by the increasing numbers of lactose intolerant individuals, along with the growing incidences of food allergies among the masses. Dairy alternatives are easily digestible and do not cause gastric problems, due to which there has been a rise in their adoption. The emerging trend of veganism and the growing consciousness regarding its benefits is acting as another major growth-inducing factor. There has also been an increasing demand for fortified dairy alternatives with improved nutritional value. This, along with the shifting dietary preferences of the consumers, inflating disposable incomes and the willingness to experiment with new flavors, has impelled manufacturers to introduce numerous flavored, sweetened and unsweetened product variants in the market that are rich in calcium, vitamin D and DHA. Furthermore, manufacturers are also upgrading their production processes to enhance the yield and nutritional content of the substitutes. Advanced non-thermal processing technologies, including ultra-high pressure homogenization and pulsed electric field processing, are expected to be used for the production of these plant-based dairy products in the near future. Their utilization is anticipated to improve the emulsion stability and extend the shelf life of the products, thereby creating a positive outlook for the market. On account of the aforementioned factors, the market is projected to grow at a CAGR of 11.4% during 2022-2027.

Market Summary:

  • On the basis of the source, the market has been divided into almond, soy, oats, hemp, coconut, rice and others.
  • Based on the formulation, the market has been bifurcated into plain (sweetened and unsweetened) and flavored (sweetened and unsweetened) variants.
  • On the basis of the nutrient, the market has been classified into protein, starch, vitamin and others.
  • Based on the distribution channel, the market has been categorized into supermarkets and hypermarkets, convenience stores, online stores and others.
  • On the basis of the product type, the market has been segmented into cheese, creamers, yogurt, ice creams, milk and others.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players 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.


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More