Dairy Alternatives Global Market Report 2023

Description

“Dairy Alternatives Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on dairy alternatives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for dairy alternatives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The dairy alternatives market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product Type: Non-dairy Milk; Butter; Cheese; Yogurts; Ice cream; Other Product Types

2) By Source: Almond; Soy; Oats; Hemp; Coconut; Rice; Other Sources

3) By Distribution Channel: Supermarkets; Health Food stores; Pharmacies; Convenience Stores; Online stores; Other Distribution Channels

Companies Mentioned: Tate & Lyle; CP Kelco Inc.; SunOpta Inc.; The Whitewaves Food Company (US); Organic Valley (US)

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the dairy alternatives market are: Tate & Lyle, CP Kelco Inc., SunOpta Inc., The Whitewaves Food Company, Organic Valley, The Hain Celestial Group, Blue Diamond Growers, Sunopta, and Archer Daniels Midland Company.

The global dairy alternatives market will grow from $24.09 billion in 2022 to $27.6 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The dairy alternatives market is expected to grow from $45.16 billion in 2027 at a CAGR of 13.1%.

The dairy alternatives market consists of sales of soy milk, rice milk, oat milk, coconut milk, and flaxseed milk, cheese substitutes comprise soft cheese and hard cheese, butter alternatives such as nut butter, coconut butter, vegetable oil blends, cultured vegan butter, and other dairy alternatives. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Dairy alternatives are foods that are used as a substitute for dairy products. These products are extracted from plants including cereals (rice, oats), legumes (soy), seeds (hemp, flax), nuts (peanuts, almond), and other grains (teff, quinoa).

Asia Pacific was the largest region in the dairy alternatives market in 2022. Western Europe was the second-largest region in the dairy alternatives market. The regions covered in the dairy alternatives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main product types are non-dairy milk, butter, cheese, yogurts, ice cream, and other product types. Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts and is produced by churning the cream from cows' milk. The various sources of dairy alternatives are almond, soy, oats, hemp, coconut, rice, and other product types. The dairy alternatives are distributed through supermarkets, health food stores, pharmacies, convenience stores, online stores, and other product types.

Increasing cases of lactose intolerance and milk allergies are projected to contribute to the dairy alternatives market's growth. Lactose intolerance or congenital lactase deficiency is a situation wherein the small intestine is incapable of making the enzyme lactase to break down or digest lactose, moving undigested lactose to the large intestine, causing symptoms such as diarrhoea, gas, and bloating. According to the Cleveland Clinic, more than 30 million people in America are lactose intolerant. This scenario is likely to generate higher demand for dairy alternatives, which in turn, is anticipated to boost the market's revenue over the forecast period.

A lack of awareness among consumers about the nutritional benefits of dairy alternative products is expected to hinder the growth of the market. Many dairy consumers feel that dairy substitutes are lower in nutritional content than cow's milk and other dairy products. According to a Cargill study, about 90% of households in America consume dairy products as a part of their daily diets, whereas only 4% of the population consumes only non-dairy products. Therefore, the lack of awareness among the populace about the nutritional benefits of dairy alternatives is expected to hinder the growth of the market over the next few years.

New product innovation is the trend in the dairy alternative market. In June 2022, Nestle S.A, a Swtizerland-based multinational food, and drink processing conglomerate corporation, announced the launch of Little Steps Plantygrow, a plant-based growing-up drink for toddlers from one to three years of age. According to Nestle S.A, it contains iron, vitamins A, C, B2, B12, and iodine, no additional carbohydrate, and enhanced with omega3 and 6 for the overall development of toddlers.

In May 2021, Saputo Inc , a Canada-based dairy company acquired Bute Island Foods for an undisclosed amount. Through this acquisition, Saputo Inc aims to strengthen its product portfolio in plant-based dairy alternatives and to gain a competitive advantage in the market. Bute Island Foods is a UK-based cheese producer.

The countries covered in the dairy alternatives market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The dairy alternatives research report is one of a series of new reports from The Business Research Company that provides dairy alternatives statistics, including dairy alternatives industry global market size, regional shares, competitors with dairy alternatives share, detailed dairy alternatives segments, market trends and opportunities, and any further data you may need to thrive in the dairy alternatives industry. This dairy alternatives research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1847

1. Executive Summary

2. Dairy Alternatives Market Characteristics

3. Dairy Alternatives Market Trends And Strategies

4. Dairy Alternatives Market - Macro Economic Scenario

4.1 COVID-19 Impact On Dairy Alternatives Market

4.2 Ukraine-Russia War Impact On Dairy Alternatives Market

4.3 Impact Of High Inflation On Dairy Alternatives Market

5. Dairy Alternatives Market Size And Growth

5.1. Global Dairy Alternatives Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Dairy Alternatives Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Dairy Alternatives Market Segmentation

6.1. Global Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Non-dairy Milk
Butter
Cheese
Yogurts
Ice cream
Other Product Types
6.2. Global Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Almond
Soy
Oats
Hemp
Coconut
Rice
Other Sources
6.3. Global Dairy Alternatives Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Supermarkets
Health Food stores
Pharmacies
Convenience Stores
Online stores
Other Distribution Channels

7. Dairy Alternatives Market Regional And Country Analysis

7.1. Global Dairy Alternatives Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Dairy Alternatives Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Dairy Alternatives Market

8.1. Asia-Pacific Dairy Alternatives Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Dairy Alternatives Market

9.1. China Dairy Alternatives Market Overview
9.2. China Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Dairy Alternatives Market

10.1. India Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Dairy Alternatives Market

11.1. Japan Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Dairy Alternatives Market

12.1. Australia Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Dairy Alternatives Market

13.1. Indonesia Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Dairy Alternatives Market

14.1. South Korea Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Dairy Alternatives Market

15.1. Western Europe Dairy Alternatives Market Overview
15.2. Western Europe Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Dairy Alternatives Market

16.1. UK Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Dairy Alternatives Market

17.1. Germany Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Dairy Alternatives Market

18.1. France Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Dairy Alternatives Market

19.1. Eastern Europe Dairy Alternatives Market Overview
19.2. Eastern Europe Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Dairy Alternatives Market

20.1. Russia Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Dairy Alternatives Market

21.1. North America Dairy Alternatives Market Overview
21.2. North America Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Dairy Alternatives Market

22.1. USA Dairy Alternatives Market Overview
22.2. USA Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Dairy Alternatives Market

23.1. South America Dairy Alternatives Market Overview
23.2. South America Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Dairy Alternatives Market

24.1. Brazil Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Dairy Alternatives Market

25.1. Middle East Dairy Alternatives Market Overview
25.2. Middle East Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Dairy Alternatives Market

26.1. Africa Dairy Alternatives Market Overview
26.2. Africa Dairy Alternatives Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Dairy Alternatives Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Dairy Alternatives Market Competitive Landscape And Company Profiles

27.1. Dairy Alternatives Market Competitive Landscape
27.2. Dairy Alternatives Market Company Profiles
- 27.2.1. Tate & Lyle
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. CP Kelco Inc.
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. SunOpta Inc.
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. The Whitewaves Food Company (US)
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Organic Valley (US)
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Dairy Alternatives Market

29. Dairy Alternatives Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer