Dairy alternatives are food and beverage products which are being taken as an alternative for dairy. These products are extracted from plants and are esteemed to be a very health substitute to dairy. Soy milk, coconut milk and almond milk are among the most common options for dairy alternatives across the world. Dairy alternatives are considered a healthy due to the existence of a various important vitamins and minerals. They are also less on fats, cholesterol and have zero concentration of lactose. Dairy alternatives have been very famous in the developed and emerging markets. This can be ascribed to the increasing prevalence of lactose intolerance and dairy allergies among the global population led to a rising demand for dairy-free alternatives. Dairy alternatives offered a suitable solution for individuals who could not consume traditional dairy products. A part from the driving factors, the instable prices of raw materials of the diary alternatives are hampering the market growth. The Dairy Alternatives Market is expected to grow at the rate of 12.5% CAGR by 2028.
Dairy Alternatives Market by Source:
- Almond
- Soy
- Oats
- Hemp
- Coconut
- Rice
- Others
Dairy Alternatives Market by Application:
- Cheese
- Creamers
- Yogurt
- Ice Creams
- Milk
- Others
Dairy Alternatives Market by Formulation:
Dairy Alternatives Market by Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
As per source segmentation, the diary alternatives market is divided into almond, soy, oats, hemp, coconut, rice and others. Among them the soy sourced dairy products are most popular since, the soy has a wide variety of milk products similar to the cow and buffalo milk. Moreover, the soy milk products contain more protein, vitamins, minerals, antioxidants and has low cholesterol compared to other sources and cow and buffalo milk.
Among the all applications, the milk is the major segment to have a maximum share in the market. Prioritizing to the health consumers are more concerned about choosing the beverages. The high demand for milk extracted from non dairy ingredients such as almond, coconut, soy and other non dairy ingredients is having has increasing rapidly owing to the health concerns associated to lactose intolerance and busy lifestyles of working middle-class people.
In terms of formulation, the market is segmented into plain and flavored. The plain segment has acquired a maximum share in the dairy alternatives market. This is due to increasing demand for plain unflavored milk increasing plain milk such as almond milk, coconut milk, soy milk and rice milk which are unsweetened and owing to increasing preference for low-calorie products in the 40 age population is boosting the demand for plain milk.
The geographical regions of dairy alternatives market are North America, Europe, Asia Pacific and Rest of the World. The Asia Pacific has the major contribution in the market share due to the drastic urbanization, diversification in diet, increase in the per capita income of the population are the factors driving the market in this region.
Furthermore, the significant factors stimulating the global dairy alternatives are dominance of plant-based milk alternatives, such as almond milk, soy milk, oat milk, coconut milk, and rice milk, dominated the dairy alternatives market. Consumers increasingly chose these plant-based options as substitutes for traditional cow’s milk due to health, environmental, and ethical reasons.
The White Wave Foods Company, Blue Diamond Growers, Green Spot Co., Ltd, Freedom Foods Group Limited, Earth’s Own Food Company Inc., Hain Celestial, SunOpta, Ecomil, Sanitarium, Eden Foods Inc., Triballat Noyal, Valsoia SpA, Dohler, Panos Brands, Hiland Dairy, Ripple Foods and Califia Farms are the few notable companies of dairy alternatives market.
As a result, these dairy alternative products have crucial role in the daily life since, the milk and other milk products are very essential and have the major contribution in the protein supplements. Moreover, compared to the usual dairy products these products are less in cholesterol and more beneficial.
- The report gives the overall perception of the market growth factors, and other factors which are positively and negatively impacting the market growth.
- This study explains each and every segments and sub segments of the market and their contribution in the market growth.
- Further this report gives the analysis of the forthcoming trends and preferences of the consumers of the market.
- The in depth insights is offered about the key vendors of the market in terms of their dynamic strategies, new products launched and expansion of the business.
List of Tables
TABLE 1. GLOBAL DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 2. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR ALMOND, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 3. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR SOY, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 4. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR OATS, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 5. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR HEMP, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 6. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR COCONUT, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 7. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR RICE, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 8. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 9. GLOBAL DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 10. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR SLICES, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 11. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR CREAMERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 12. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR YOGURT, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 13. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR ICE CREAMS, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 14. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR MILK, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 15. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 16. GLOBAL DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 17. GLOBAL DAIRY ALTERNATIVES MARKET VALUE FOR PLAIN, 2022-2028 (USD BILLION)
TABLE 18. GLOBAL DAIRY ALTERNATIVESMARKET VALUE FOR FLAVOURED, BY GEOGRAPHY, 2022-2028 (USD BILLION)
TABLE 19. NORTH AMERICA DAIRY ALTERNATIVES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 20. NORTH AMERICA DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 21. NORTH AMERICA DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 22. NORTH AMERICA DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 23. U.S DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 24. U.S DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 25. U.S DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 26. CANADA DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 27. CANADA DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 28. CANADA DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 29. EUROPE DAIRY ALTERNATIVES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 30. EUROPE DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 31. EUROPE DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 32. EUROPE DAIRY ALTERNATIVES MARKET VALUE, FORMULATION, 2022-2028 (USD BILLION)
TABLE 33. GERMANY DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 34. GERMANY DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 35. GERMANY DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 36. U.K DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 37. U.K DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 38. U.K DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 39. FRANCE DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 40. FRANCE DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 41. FRANCE DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 42. ITALY DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 43. ITALY DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 44. ITALY DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 45. SPAIN DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 46. SPAIN DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 47. SPAIN DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 48. ROE DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 49. ROE DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 50. ROE DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 51. ASIA PACIFC DAIRY ALTERNATIVES MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION)
TABLE 52. ASIA PACIFC DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 53. ASIA PACIFC DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 54. ASIA PACIFC DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 55. CHINA DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 56. CHINA DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 57. CHINA DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 58. INDIA DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 59. INDIA DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 60. INDIA DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 61. JAPAN DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 62. JAPAN DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 63. JAPAN DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 64. REST OF APAC DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 65. REST OF APAC DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 66. REST OF APAC DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 67. REST OF WORLD DAIRY ALTERNATIVES MARKET VALUE, BY SOURCE, 2022-2028 (USD BILLION)
TABLE 68. REST OF WORLD DAIRY ALTERNATIVES MARKET VALUE, BY APPLICATION, 2022-2028 (USD BILLION)
TABLE 69. REST OF WORLD DAIRY ALTERNATIVES MARKET VALUE, BY FORMULATION, 2022-2028 (USD BILLION)
TABLE 70. THE WHITE WAVE FOODS COMPANY: OVERVIEW
TABLE 71. THE WHITE WAVE FOODS COMPANY: STRATEGIC SNAPSHOT
TABLE 72. THE WHITE WAVE FOODS COMPANY: BUSINESS FOCUS
TABLE 73. THE WHITE WAVE FOODS COMPANY: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 74. BLUE DIAMOND GROWERS: OVERVIEW
TABLE 75. BLUE DIAMOND GROWERS: STRATEGIC SNAPSHOT
TABLE 76. BLUE DIAMOND GROWERS: BUSINESS FOCUS
TABLE 77. BLUE DIAMOND GROWERS: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 78. GREEN SPOT CO., LTD: OVERVIEW
TABLE 79. GREEN SPOT CO., LTD: STRATEGIC SNAPSHOT
TABLE 80. GREEN SPOT CO., LTD: BUSINESS FOCUS
TABLE 81. GREEN SPOT CO., LTD: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 82. FREEDOM FOODS GROUP LIMITED: OVERVIEW
TABLE 83. FREEDOM FOODS GROUP LIMITED: STRATEGIC SNAPSHOT
TABLE 84. FREEDOM FOODS GROUP LIMITED: BUSINESS FOCUS
TABLE 85. FREEDOM FOODS GROUP LIMITED: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 86. EARTH’S OWN FOOD COMPANY INC: OVERVIEW
TABLE 87. EARTH’S OWN FOOD COMPANY INC: STRATEGIC SNAPSHOT
TABLE 88. EARTH’S OWN FOOD COMPANY INC: BUSINESS FOCUS
TABLE 89. EARTH’S OWN FOOD COMPANY INC: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 90. HAIN CELESTIAL: OVERVIEW
TABLE 91. HAIN CELESTIAL: STRATEGIC SNAPSHOT
TABLE 92. HAIN CELESTIAL: BUSINESS FOCUS
TABLE 93. HAIN CELESTIAL: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 94. SUNOPTA: OVERVIEW
TABLE 95. SUNOPTA: STRATEGIC SNAPSHOT
TABLE 96. SUNOPTA: BUSINESS FOCUS
TABLE 97. SUNOPTA: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 98. ECOMIL: OVERVIEW
TABLE 99. ECOMIL: STRATEGIC SNAPSHOT
TABLE 100. ECOMIL: BUSINESS FOCUS
TABLE 101. ECOMIL: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 102. SANITARIUM: OVERVIEW
TABLE 103. SANITARIUM: STRATEGIC SNAPSHOT
TABLE 104. SANITARIUM: BUSINESS FOCUS
TABLE 105. SANITARIUM: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 106. EDEN FOODS INC: OVERVIEW
TABLE 107. EDEN FOODS INC: STRATEGIC SNAPSHOT
TABLE 108. EDEN FOODS INC: BUSINESS FOCUS
TABLE 109. EDEN FOODS INC: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 110. TRIBALLAT NOYAL: OVERVIEW
TABLE 111. TRIBALLAT NOYAL: STRATEGIC SNAPSHOT
TABLE 112. TRIBALLAT NOYAL: BUSINESS FOCUS
TABLE 113. TRIBALLAT NOYAL: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 114. VALSOIA SPA: OVERVIEW
TABLE 115. VALSOIA SPA: STRATEGIC SNAPSHOT
TABLE 116. VALSOIA SPA: BUSINESS FOCUS
TABLE 117. VALSOIA SPA: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 118. DOHLER: OVERVIEW
TABLE 119. DOHLER: STRATEGIC SNAPSHOT
TABLE 120. DOHLER: BUSINESS FOCUS
TABLE 121. DOHLER: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 122. PANOS BRANDS: OVERVIEW
TABLE 123. PANOS BRANDS: STRATEGIC SNAPSHOT
TABLE 124. PANOS BRANDS: BUSINESS FOCUS
TABLE 125. PANOS BRANDS: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 126. HILAND DAIRY: OVERVIEW
TABLE 127. HILAND DAIRY: STRATEGIC SNAPSHOT
TABLE 128. HILAND DAIRY: BUSINESS FOCUS
TABLE 129. HILAND DAIRY: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 130. RIPPLE FOODS: OVERVIEW
TABLE 131. RIPPLE FOODS: STRATEGIC SNAPSHOT
TABLE 132. RIPPLE FOODS: BUSINESS FOCUS
TABLE 133. RIPPLE FOODS: APPLICATION/SERVICE PROVIDER PORTFOLIO
TABLE 134. CALIFIA FARMS: OVERVIEW
TABLE 135. CALIFIA FARMS: STRATEGIC SNAPSHOT
TABLE 136. CALIFIA FARMS: BUSINESS FOCUS
TABLE 137. CALIFIA FARMS: APPLICATION/SERVICE PROVIDER PORTFOLIO