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Milk Substitutes (Non dairy milk) Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5735475

Quick Summary:

Within the evolving global food and beverage landscape, the market for milk substitutes (non dairy milk) represents a unique, high-growth sector. Changing consumer preferences, rising health consciousness, and a shift toward veganism is driving substantial growth in this sector. This comprehensive market research report provides vital insights that shed light on key trends, segmented by milk type, application, and distribution channel, enabling businesses to stay ahead of the competition and capitalize on the burgeoning opportunities in this market.

To navigate this promising market successfully, understanding the regulatory landscape, technological advancements, industry players, and market dynamics is critical. This report provides in-depth coverage of key players like Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L. and Blue Diamond Growers. It also illustrates critical trends and innovations, such as efforts to enhance product shelf life, which can equip market participants with the strategic insights needed to bolster their market standing.

The milk substitutes (non dairy milk) market size has grown rapidly in recent years. It will grow from $34.24 billion in 2023 to $39.15 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The expansion observed during the historical period can be credited to several factors, including the prevalence of health and wellness trends, increased awareness regarding lactose intolerance, the growing adoption of vegan and plant-based lifestyles, a wide range of product options available in the market, and rising concerns about environmental impact and ethical considerations.

The milk substitutes (non dairy milk) market size is expected to see rapid growth in the next few years. It will grow to $68.34 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%. Forecasted growth is driven by rising plant-based protein demand, innovative product formulations, expanded distribution, culinary trends, and government regulations. Emerging trends include blended varieties, customization, wider distribution, health focus, and demand for premium barista-grade options.

The milk substitute market is experiencing growth due to an increasing consumer preference for vegan food. Awareness of animal abuse in dairy farms has led consumers to avoid animal-based products, driving the demand for vegan milk. Vegan milk, being cholesterol-free, rich in vitamin D and proteins, and providing more calcium than animal milk, has gained popularity. Sales of non-dairy milk in the USA have seen a substantial 61% growth over the last five years, according to a report by Mintel. The rising shift towards veganism and a growing emphasis on health consciousness are significant drivers for the milk substitute market.

The growth of the milk substitutes (non-dairy milk) market is further propelled by the increasing incidence of lactose intolerance. Lactose intolerance, a digestive condition causing difficulty in digesting lactose found in milk and dairy products, has driven the demand for milk substitutes among affected individuals. Approximately 30 million adult Americans are expected to be lactose intolerant to varying degrees in 2022, according to MedlinePlus, a US-based provider of consumer health information. The need for alternatives that meet individual preferences and nutritional needs supports the growth of milk substitutes.

The presence of highly toxic arsenic compounds in rice milk acts as a restraint on the milk substitute market. Rice milk, made from rice with elevated levels of arsenic, poses health risks, including the potential to cause cancer. Studies indicate that the mean value of arsenic in rice milk is 63%, highlighting the dangers associated with this milk substitute and creating concerns among consumers.

Non-dairy milk manufacturers are increasingly focusing on extending the longevity of their products, employing methods such as bacterial clarification to reduce bacterial growth. One effective technique is ultra-pasteurization, subjecting the milk to temperatures exceeding 280°F for at least 2 seconds, eliminating harmful bacteria and extending the shelf life to around 120 days. Companies such as SunOpta use ultra-pasteurization for soymilk, resulting in an extended shelf life of 12 months, while Pacific Foods applies the same technique for almond milk, offering a shelf life of about one year.

These non-dairy milk producers are subject to various regulations governing product quality, labeling, and other aspects. For example, in the EU, Regulation (EU) No 1169/2011 mandates providing nutritional information about food products to consumers. The regulation outlines protocols for nutritional labeling, presentation, advertising, and requires printed information to meet minimum font size standards. Additionally, allergens such as soy, nuts, gluten, and lactose must be clearly indicated for prepacked foods. Non-dairy products, such as milk substitutes, are required to clearly mention substitute ingredients.

In December 2022, Butterfly Equity, a US-based private food company, completed the acquisition of Milk Specialties Global for an undisclosed amount. This strategic move aims to expand, diversify, and enhance Butterfly's product portfolio by incorporating science-based nutritional dairy products and dairy protein ingredients, including non-dairy milk products. Milk Specialties Global, the acquired company, is a US-based manufacturer known for its production of milk replacers.

Major companies operating in the milk substitutes (non dairy milk) market report are Archer Daniels Midland Company, Nutriops S.L., WhiteWave Foods Company, Hain Celestial Group Inc., Blue Diamond Growers Inc., CP Kelco ApS, Organic Valley Cooperative, SunOpta Inc., Chobani LLC, Vitasoy International Holdings Limited, Oatly AB, Freedom Foods Group Limited, Sanitarium Health and Wellbeing Company, Valsoia S.p.A., Califia Farms LLC, Eden Foods Inc., Earth's Own Food Company, Daiya Foods Inc., Ripple Foods Inc., Miyoko's Creamery, Mariani Nut Co. Inc., Dohler GmbH, Panos Brands LLC, NadaMoo! LLC, Triballat Noyal SAS, Malk Organics Inc., Violife Foods Inc., Good Karma Foods LLC, Yofix Probiotics Inc., Elmhurst 1920 Inc., Pacific Foods of Oregon LLC, Silk North America LLC, So Delicious Dairy Free, Alpro (UK) Limited, Coconut Dream Inc., Dream Products LLC, Forager Project LLC, Happy Planet Foods Inc., Kite Hill Foods LLC, Milkadamia Inc., Mooala Brands LLC, Nutpods LLC, Rude Health Inc., Sproud Limited. North America was the largest region in the milk substitutes (nondairy milk) market in 2023. Western Europe was the second largest region in the global milk substitutes (nondairy milk) market share. The regions covered in the milk substitutes (non dairy milk) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

This market report categorizes the milk substitutes (non-dairy milk) industry into segments based on different types, including soy, almond, rice milk, and other variants. Furthermore, it is divided by applications, such as usage in food and beverages, and distribution channels encompassing supermarkets, hypermarkets, convenience stores, specialty stores, online retail, and others. Additionally, segmentation is done based on formulations, distinguishing between plain-sweetened, plain-unsweetened, flavored-sweetened, and other formulations.

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

The countries covered in the milk substitutes (non dairy milk) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The milk substitutes (non-dairy milk) market consists of sales of soy milk, nut milk, oat milk, rice milk. 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.

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

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Frequently Asked Questions about the Global Milk Substitutes (Non dairy milk) Market

What is the estimated value of the Global Milk Substitutes (Non dairy milk) Market?

The Global Milk Substitutes (Non dairy milk) Market was estimated to be valued at $39.15 Billion in 2024.

What is the growth rate of the Global Milk Substitutes (Non dairy milk) Market?

The growth rate of the Global Milk Substitutes (Non dairy milk) Market is 14.9%, with an estimated value of $68.34 Billion by 2028.

What is the forecasted size of the Global Milk Substitutes (Non dairy milk) Market?

The Global Milk Substitutes (Non dairy milk) Market is estimated to be worth $68.34 Billion by 2028.

Who are the key companies in the Global Milk Substitutes (Non dairy milk) Market?

Key companies in the Global Milk Substitutes (Non dairy milk) Market include Glencore plc, ArcelorMittal S.A., Pohang Iron and Steel Company, BHP Group, Nippon Steel & Sumitomo Metal Corporation, Baoshan Iron & Steel Company Limited, Rio Tinto, China Shenhua Energy Co. Ltd., Vale S.A. and China National Building Material Group Co. Ltd.

Table of Contents

1. Executive Summary2. Milk Substitutes (Non dairy milk) Market Characteristics3. Milk Substitutes (Non dairy milk) Market Trends and Strategies
4. Milk Substitutes (Non dairy milk) Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Milk Substitutes (Non dairy milk) Market Size and Growth
5.1. Global Milk Substitutes (Non dairy milk) Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Milk Substitutes (Non dairy milk) Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Milk Substitutes (Non dairy milk) Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Milk Substitutes (Non dairy milk) Market Segmentation
6.1. Global Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Soy Milk
  • Almond Milk
  • Rice Milk
  • Other Types
6.2. Global Milk Substitutes (Non dairy milk) Market, Segmentation by Formulation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Plain-Sweetened
  • Plain-Unsweetened
  • Flavored-Sweetened
  • Other Formulations
6.3. Global Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Supermarkets
  • Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail Stores
  • Other Distribution Channels
6.4. Global Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Food
  • Beverages
7. Milk Substitutes (Non dairy milk) Market Regional and Country Analysis
7.1. Global Milk Substitutes (Non dairy milk) Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Milk Substitutes (Non dairy milk) Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Milk Substitutes (Non dairy milk) Market
8.1. Asia-Pacific Milk Substitutes (Non dairy milk) 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 Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Milk Substitutes (Non dairy milk) Market
9.1. China Milk Substitutes (Non dairy milk) Market Overview
9.2. China Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Milk Substitutes (Non dairy milk) Market
10.1. India Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Milk Substitutes (Non dairy milk) Market
11.1. Japan Milk Substitutes (Non dairy milk) Market Overview
11.2. Japan Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Milk Substitutes (Non dairy milk) Market
12.1. Australia Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Milk Substitutes (Non dairy milk) Market
13.1. Indonesia Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Milk Substitutes (Non dairy milk) Market
14.1. South Korea Milk Substitutes (Non dairy milk) Market Overview
14.2. South Korea Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Milk Substitutes (Non dairy milk) Market
15.1. Western Europe Milk Substitutes (Non dairy milk) Market Overview
15.2. Western Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Milk Substitutes (Non dairy milk) Market
16.1. UK Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Milk Substitutes (Non dairy milk) Market
17.1. Germany Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Milk Substitutes (Non dairy milk) Market
18.1. France Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Milk Substitutes (Non dairy milk) Market
19.1. Italy Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Milk Substitutes (Non dairy milk) Market
20.1. Spain Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Milk Substitutes (Non dairy milk) Market
21.1. Eastern Europe Milk Substitutes (Non dairy milk) Market Overview
21.2. Eastern Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Milk Substitutes (Non dairy milk) Market
22.1. Russia Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Milk Substitutes (Non dairy milk) Market
23.1. North America Milk Substitutes (Non dairy milk) Market Overview
23.2. North America Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Milk Substitutes (Non dairy milk) Market
24.1. USA Milk Substitutes (Non dairy milk) Market Overview
24.2. USA Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Milk Substitutes (Non dairy milk) Market
25.1. Canada Milk Substitutes (Non dairy milk) Market Overview
25.2. Canada Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Milk Substitutes (Non dairy milk) Market
26.1. South America Milk Substitutes (Non dairy milk) Market Overview
26.2. South America Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Milk Substitutes (Non dairy milk) Market
27.1. Brazil Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Milk Substitutes (Non dairy milk) Market
28.1. Middle East Milk Substitutes (Non dairy milk) Market Overview
28.2. Middle East Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Milk Substitutes (Non dairy milk) Market
29.1. Africa Milk Substitutes (Non dairy milk) Market Overview
29.2. Africa Milk Substitutes (Non dairy milk) Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Milk Substitutes (Non dairy milk) Market, Segmentation by Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Milk Substitutes (Non dairy milk) Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Milk Substitutes (Non dairy milk) Market Competitive Landscape and Company Profiles
30.1. Milk Substitutes (Non dairy milk) Market Competitive Landscape
30.2. Milk Substitutes (Non dairy milk) Market Company Profiles
30.2.1. Archer Daniels Midland Company
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Nutriops S.L.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. WhiteWave Foods Company
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Hain Celestial Group Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Blue Diamond Growers Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Milk Substitutes (Non dairy milk) Market Other Major and Innovative Companies
31.1. CP Kelco ApS
31.2. Organic Valley Cooperative
31.3. SunOpta Inc.
31.4. Chobani LLC
31.5. Vitasoy International Holdings Limited
31.6. Oatly AB
31.7. Freedom Foods Group Limited
31.8. Sanitarium Health and Wellbeing Company
31.9. Valsoia S.p.A.
31.10. Califia Farms LLC
31.11. Eden Foods Inc.
31.12. Earth's Own Food Company
31.13. Daiya Foods Inc.
31.14. Ripple Foods Inc.
31.15. Miyoko's Creamery
32. Global Milk Substitutes (Non dairy milk) Market Competitive Benchmarking33. Global Milk Substitutes (Non dairy milk) Market Competitive Dashboard34. Key Mergers and Acquisitions in the Milk Substitutes (Non dairy milk) Market
35. Milk Substitutes (Non dairy milk) Market Future Outlook and Potential Analysis
35.1 Milk Substitutes (Non dairy milk) Market in 2028 - Countries Offering Most New Opportunities
35.2 Milk Substitutes (Non dairy milk) Market in 2028 - Segments Offering Most New Opportunities
35.3 Milk Substitutes (Non dairy milk) Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Milk Substitutes (Non dairy milk) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on milk substitutes (non dairy milk) 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.

Reasons to Purchase

  • 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.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
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  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for milk substitutes (non dairy milk)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report 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.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Soy Milk; Almond Milk; Rice Milk; Other Types
2) By Formulation: Plain-Sweetened; Plain-Unsweetened; Flavored-Sweetened; Other Formulations
3) By Distribution Channel: Supermarkets; Hypermarkets; Convenience Stores; Specialty Stores; Online Retail Stores; Other Distribution Channels
4) By Application: Food; Beverages

Key Companies Mentioned: Archer Daniels Midland Company; Nutriops S.L.; WhiteWave Foods Company; Hain Celestial Group Inc.; Blue Diamond Growers Inc.

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

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 Segmentation: 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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Archer Daniels Midland Company
  • Nutriops S.L.
  • WhiteWave Foods Company
  • Hain Celestial Group Inc.
  • Blue Diamond Growers Inc.
  • CP Kelco ApS
  • Organic Valley Cooperative
  • SunOpta Inc.
  • Chobani LLC
  • Vitasoy International Holdings Limited
  • Oatly AB
  • Freedom Foods Group Limited
  • Sanitarium Health and Wellbeing Company
  • Valsoia S.p.A.
  • Califia Farms LLC
  • Eden Foods Inc.
  • Earth's Own Food Company
  • Daiya Foods Inc.
  • Ripple Foods Inc.
  • Miyoko's Creamery
  • Mariani Nut Co. Inc.
  • Dohler GmbH
  • Panos Brands LLC
  • NadaMoo! LLC
  • Triballat Noyal SAS
  • Malk Organics Inc.
  • Violife Foods Inc.
  • Good Karma Foods LLC
  • Yofix Probiotics Inc.
  • Elmhurst 1920 Inc.
  • Pacific Foods of Oregon LLC
  • Silk North America LLC
  • So Delicious Dairy Free
  • Alpro (UK) Limited
  • Coconut Dream Inc.
  • Dream Products LLC
  • Forager Project LLC
  • Happy Planet Foods Inc.
  • Kite Hill Foods LLC
  • Milkadamia Inc.
  • Mooala Brands LLC
  • Nutpods LLC
  • Rude Health Inc.
  • Sproud Limited

Methodology

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