Global Dairy Alternatives Market Size Study & Forecast, by Source, by Product Type, by Distribution Channel, and Regional Analysis, 2023-2030

Description

List of Tables

Global Dairy Alternatives Market is valued at approximately USD 25.19 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.63% over the forecast period 2023-2030. Dairy alternatives are substitute products used in place of traditional dairy items such as milk, cheese, yogurt, and butter. The recent surge in demand for non-dairy options or dairy alternatives is primarily driven by the increasing popularity of plant-based milk substitutes. These vegan milk products consist of plant extracts dissolved and dispersed in water as a base. Manufacturers employ two primary processing techniques: homogenization and thermal treatments to enhance their suspension and stability. Plant-based milk, often positioned as a healthy, sustainable, and animal-friendly choice, takes a prominent role in the non-dairy sector. These alternative products are primarily derived from legumes, nuts, or grains, ingredients widely recognized by consumers in both developed and developing economies. Furthermore, the growing adoption of dietary lifestyles such as veganism and flexitarianism is contributing to the rising demand for plant-based milk and related products. According to the latest data from the World Animal Foundation, the global vegan population has reached a remarkable milestone, with nearly 79 million individuals embracing a vegan lifestyle as of 2023.

Additionally, the rise in incidences of lactose intolerance is acting as a catalyzing factor for market growth across the globe. According to Procon.ORG, in 2020, in the United States, the prevalence of lactose intolerance was recorded at 36% of the overall global population. Similarly, Canada accounts 59% of the total population. Thus, these aforementioned factors are propelling the growth of the Dairy Alternatives Market during the estimated period. Lactose intolerance is a condition that result in difficulty digesting lactose, the sugar found in milk and dairy products. As awareness of lactose intolerance grows, more people seek dairy alternatives to consume dairy-like products. Thus, this increased demand for lactose-free options drives the growth of the Dairy Alternatives Market. Moreover, the growing awareness of the health benefits of dairy alternatives, as well as the increasing availability of dairy alternatives present various lucrative opportunities over the forecast years. However, the fluctuating prices of raw materials and high cost compared to traditional dairy products are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Dairy Alternatives Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2022 owing to the a substantial increase in reported cases of cow milk allergies and lactose intolerance. Additionally, concerns about calorie intake and a higher incidence of hypercholesterolemia and obesity are leading consumers to shift toward vegan diets, embracing alternatives to dairy alternatives. Whereas, Europe is expected to grow at a significant CAGR over the forecast years due to the increasing appetite for health-conscious food and beverage choices. Dairy alternative beverages are becoming popular substitutes for traditional dairy drinks. Companies in the European market are actively engaged in innovating new products, such as soy-based juice blends and freshly prepared soy beverages, which are significantly propelling the market demand across the region.

Major market players included in this report are:

Danone S.A. (France)
Archer-Daniels-Midland Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta, Inc. (Canada)
Vitasoy International Holdings Ltd (Hong Kong)
Daiya Food, Inc. (Canada)
Goya Foods, Inc. (U.S.)
Living Harvest Foods, Inc. (India)
Organic Valley (U.S.)
Eden Foods, Inc. (U.S.)

Recent Developments in the Market:

In June 2022, Strive Nutrition Corp., a manufacturer of plant-based beverages, partnered with Perfect Day to introduce a new line of milk substitutes. The Perfect Day brand of animal-free whey protein has been added to this new line of products.
In April 2022, Wicked Foods, Inc., a manufacturer of plant-based foods, declared the introduction of its new line of plant-based ice creams and novelty items, which is a first-to-market product launched in the U.S.
In January 2022, Chobani LLC announced the launch of a novel line of non-GMO, artificial flavor- and sweetener-free plant-based coffee creamers in four varieties.

Global Dairy Alternatives Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Source, Product Type, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Soy
Almond
Coconut
Rice
Oats
Others

By Product Type:

Non-dairy Milk
Butter
Cheeses
Yogurts
Ice Cream
Others

By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Dairy Alternatives Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Dairy Alternatives Market, by Source, 2020-2030 (USD Billion)
- 1.2.3. Dairy Alternatives Market, by Product Type, 2020-2030 (USD Billion)
- 1.2.4. Dairy Alternatives Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Dairy Alternatives Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Dairy Alternatives Market Dynamics

3.1. Dairy Alternatives Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing adoption of dietary lifestyles
  - 3.1.1.2. Rising incidences of lactose intolerance
- 3.1.2. Market Challenges
  - 3.1.2.1. Fluctuating prices of raw materials
  - 3.1.2.2. High cost compared to traditional dairy products
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing awareness of the health benefits of dairy alternatives
  - 3.1.3.2. Increasing availability of dairy alternatives

Chapter 4. Global Dairy Alternatives Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Dairy Alternatives Market, by Source

5.1. Market Snapshot
5.2. Global Dairy Alternatives Market by Source, Performance - Potential Analysis
5.3. Global Dairy Alternatives Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Dairy Alternatives Market, Sub Segment Analysis
- 5.4.1. Soy
- 5.4.2. Almond
- 5.4.3. Coconut
- 5.4.4. Rice
- 5.4.5. Oats
- 5.4.6. Others

Chapter 6. Global Dairy Alternatives Market, by Product Type

6.1. Market Snapshot
6.2. Global Dairy Alternatives Market by Product Type, Performance - Potential Analysis
6.3. Global Dairy Alternatives Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
6.4. Dairy Alternatives Market, Sub Segment Analysis
- 6.4.1. Non-dairy Milk
- 6.4.2. Butter
- 6.4.3. Cheeses
- 6.4.4. Yogurts
- 6.4.5. Ice Cream
- 6.4.6. Others

Chapter 7. Global Dairy Alternatives Market, by Distribution Channel

7.1. Market Snapshot
7.2. Global Dairy Alternatives Market by Distribution Channel, Performance - Potential Analysis
7.3. Global Dairy Alternatives Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
7.4. Dairy Alternatives Market, Sub Segment Analysis
- 7.4.1. Supermarkets/Hypermarkets
- 7.4.2. Convenience Stores
- 7.4.3. Online Retail
- 7.4.4. Others

Chapter 8. Global Dairy Alternatives Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Dairy Alternatives Market, Regional Market Snapshot
8.4. North America Dairy Alternatives Market
- 8.4.1. U.S. Dairy Alternatives Market
  - 8.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Product Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Distribution Channel breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Dairy Alternatives Market
8.5. Europe Dairy Alternatives Market Snapshot
- 8.5.1. U.K. Dairy Alternatives Market
- 8.5.2. Germany Dairy Alternatives Market
- 8.5.3. France Dairy Alternatives Market
- 8.5.4. Spain Dairy Alternatives Market
- 8.5.5. Italy Dairy Alternatives Market
- 8.5.6. Rest of Europe Dairy Alternatives Market
8.6. Asia-Pacific Dairy Alternatives Market Snapshot
- 8.6.1. China Dairy Alternatives Market
- 8.6.2. India Dairy Alternatives Market
- 8.6.3. Japan Dairy Alternatives Market
- 8.6.4. Australia Dairy Alternatives Market
- 8.6.5. South Korea Dairy Alternatives Market
- 8.6.6. Rest of Asia Pacific Dairy Alternatives Market
8.7. Latin America Dairy Alternatives Market Snapshot
- 8.7.1. Brazil Dairy Alternatives Market
- 8.7.2. Mexico Dairy Alternatives Market
8.8. Middle East & Africa Dairy Alternatives Market
- 8.8.1. Saudi Arabia Dairy Alternatives Market
- 8.8.2. South Africa Dairy Alternatives Market
- 8.8.3. Rest of Middle East & Africa Dairy Alternatives Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Danone S.A. (France)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Archer-Daniels-Midland Company (U.S.)
- 9.3.3. Blue Diamond Growers (U.S.)
- 9.3.4. SunOpta, Inc. (Canada)
- 9.3.5. Vitasoy International Holdings Ltd (Hong Kong)
- 9.3.6. Daiya Food, Inc. (Canada)
- 9.3.7. Goya Foods, Inc. (U.S.)
- 9.3.8. Living Harvest Foods, Inc. (India)
- 9.3.9. Organic Valley (U.S.)
- 9.3.10. Eden Foods, Inc. (U.S.)

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Dairy Alternatives Market, report scope
TABLE 2. Global Dairy Alternatives Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Dairy Alternatives Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Dairy Alternatives Market estimates & forecasts by Product Type 2020-2030 (USD Billion)
TABLE 5. Global Dairy Alternatives Market estimates & forecasts by Distribution Channel 2020-2030 (USD Billion)
TABLE 6. Global Dairy Alternatives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Dairy Alternatives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Dairy Alternatives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Dairy Alternatives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Dairy Alternatives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Dairy Alternatives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Dairy Alternatives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Dairy Alternatives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Dairy Alternatives Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Dairy Alternatives Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Dairy Alternatives Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Dairy Alternatives Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Dairy Alternatives Market
TABLE 71. List of primary sources, used in the study of global Dairy Alternatives Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Dairy Alternatives Market, research methodology
FIG 2. Global Dairy Alternatives Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Dairy Alternatives Market, key trends 2022
FIG 5. Global Dairy Alternatives Market, growth prospects 2023-2030
FIG 6. Global Dairy Alternatives Market, porters 5 force model
FIG 7. Global Dairy Alternatives Market, pest analysis
FIG 8. Global Dairy Alternatives Market, value chain analysis
FIG 9. Global Dairy Alternatives Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Dairy Alternatives Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Dairy Alternatives Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Dairy Alternatives Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Dairy Alternatives Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Dairy Alternatives Market, regional snapshot 2020 & 2030
FIG 15. North America Dairy Alternatives Market 2020 & 2030 (USD Billion)
FIG 16. Europe Dairy Alternatives Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Dairy Alternatives Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Dairy Alternatives Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Dairy Alternatives Market 2020 & 2030 (USD Billion)