Dairy Alternative Market by Source, Application - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

  • ID: 3843649
  • Report
  • Region: Global
  • 133 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Eden Foods Inc.(U.S)
  • Panos Brands LLC (U.S.)
  • Pascual Group (Spain)
  • SunOpta Inc.(Canada)
  • MORE
Dairy alternative based food and beverages are prepared from dairy-free milk, extracted from various plant based sources. These are increasingly being consumed by lactose intolerant and vegan individuals. A wide variety of food and beverages are available in the market, which are prepared from milk derived from sources such as almond, soy, rice, coconut and others. Popularly consumed dairy alternative based products are milk, ice-cream, cheese, butter and others.

Increasing awareness about the benefits of dairy alternative products and growing vegan population are the major factors boosting the demand these products. Moreover, increasing health consciousness, rise in disposable income and awareness towards chemical free products are some of the other factors fueling the market growth. However, higher cost compared to conventional milk/milk based products and prominence of low-cholesterol, and low-fat conventional milk/milk based products have emerged to be major challenges for the players operating in the market. The market is anticipated to offer attractive business opportunities owing to rising lactose intolerance and increasing demand for soy, rice, and almond milk proteins in the global market. Moreover, innovation in sources and flavors of dairy alternative based food & beverages is expected to unfold opportunity for the players operating in the market.

The world dairy alternative market is segmented on the basis of source, application, distribution channel and geography. By source, the market is categorized into four segments which include soy milk, almond milk, rice milk, and other sources. By application, the market is segmented as food and beverages. Food is further categorized into spread, creamer, yogurt, tofu and others. Large retail, small retail, specialty store and online are the segmentations by distribution channel. Geographically, the market is classified into North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan and rest of Asia-Pacific), and LAMEA (Latin America and Rest of LAMEA).

The companies profiled in the report are WhiteWave Foods Company (U.S.), Blue Diamond Growers (U.S.), SunOpta Inc.(Canada), Earth’s Own Food Company Inc.(Canada), Living Harvest Foods Inc. (U.S.), Hain Celestial Group, Inc.(U.S.), Organic Valley Family of Farms (U.S.), Panos Brands LLC (U.S.), Pascual Group (Spain), and Eden Foods Inc.(U.S.).

KEY BENEFITS

The report provides a comprehensive analysis of current and future market trends in the world dairy alternative market to identify the potential investment pockets.
The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
Quantitative analysis of the current trends and forecasts from 2016 to 2022 are provided to showcase the financial appetency of the market.
Porters Five Force model of the industry and SWOT analysis illustrates the potency of the buyers & suppliers participating in the market.
Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.

DAIRY ALTERNATIVE MARKET SEGMENTS

By Source

Soy milk
Almond milk
Rice milk
Other sources

By Application

Food
Spread
Creamer
Yogurt
Tofu
Others
Beverages

By Geography

North America
U.S.
Canada
Mexico

Europe
UK
Germany
France
Rest of Europe

Asia-Pacific
China
Japan
Other Asia-Pacific

LAMEA
Latin America
Rest of LAMEA

Key Players

WhiteWave Foods Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta Inc.(Canada)
Earth’s Own Food Company Inc.(Canada)
Living Harvest Foods Inc. (U.S.)
Hain Celestial Group, Inc.(U.S.)
Organic Valley Family of Farms (U.S.)
Panos Brands LLC (U.S.)
Pascual Group (Spain)
Eden Foods Inc.(U.S)
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Eden Foods Inc.(U.S)
  • Panos Brands LLC (U.S.)
  • Pascual Group (Spain)
  • SunOpta Inc.(Canada)
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Executive Summary
2.2 CXO Perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top impacting factors of the Dairy alternative market
3.2.2 Top winning strategies in Dairy alternative market, 2010-2015
3.2.3 Top investment pockets

3.3 Value Chain Analysis

3.3.1 Raw material suppliers
3.3.2 Dairy alternative producers
3.3.3 Distribution platforms
3.3.4 End Users

3.4 Porters Five Forces Analysis

3.4.1 High bargaining power of buyers due to similarity in offerings
3.4.2 Moderate bargaining power of suppliers due to easy availability of ingredients
3.4.3 High threat of substitute due to innovation in conventional milk/milk products
3.4.4 High threat of new entrants due to attractive industry growth
3.4.5 High rivalry among competitors due to similarity in offerings

3.5 Market share Analysis, 2015(%)
3.6 Drivers

3.6.1 Rising demand for plant-based milk
3.6.2 Increase in disposable income
3.6.3 Increasing awareness about benefits of dairy alternative products
3.6.4 Growth in vegan population

3.7 Restraints

3.7.1 High cost of dairy alternative milk
3.7.2 Prominence of low cholesterol and low fat conventional milk

3.8 Opportunities

3.8.1 Increasing dairy allergic consumers
3.8.2 Innovation in flavor and sources of dairy alternative beverages
3.8.3 Increasing demand for soy milk, rice milk and almond milk proteins in the global market

CHAPTER 4 WORLD DAIRY ALTERNATIVE MARKET, BY SOURCE

4.1 Soy milk

4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Market size and forecast

4.2 Almond milk

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast

4.3 Rice milk

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast

4.4 Other sources

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast

CHAPTER 5 WORLD DAIRY ALTERNATIVE MARKET BY APPLICATION

5.1 Food

5.1.1 Key market trends
5.1.2 Key growth factors and opportunities
5.1.3 Market size and forecast
5.1.4 World Food Market by type

5.1.4.1 Spread

5.1.4.1.1 Market overview
5.1.4.1.2 Market size and forecast

5.1.4.2 Creamer

5.1.4.2.1 Market overview
5.1.4.2.2 Market size and forecast

5.1.4.3 Yogurt

5.1.4.3.1 Market overview
5.1.4.3.2 Market size and forecast

5.1.4.4 Tofu

5.1.4.4.1 Market overview
5.1.4.4.2 Market size and forecast

5.1.4.5 Others

5.1.4.5.1 Market overview
5.1.4.5.2 Market size and forecast

5.2 Beverages

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast

CHAPTER 6 WORLD DAIRY ALTERNATIVE MARKET BY DISTRIBUTION CHANNEL

6.1 Large retail

6.1.1 Market overview
6.1.2 Market size and forecast

6.2 Small retail

6.2.1 Market overview
6.2.2 Market size and forecast

6.3 Specialty store

6.3.1 Market overview
6.3.2 Market size and forecast

6.4 Online

6.4.1 Market overview
6.4.2 Market size and forecast

CHAPTER 7 WORLD DAIRY ALTERNATIVE MARKET BY GEOGRAPHY

7.1 North America

7.1.1 Key market trends
7.1.2 Key growth factors, restraints and opportunities
7.1.3 Market size and forecast

7.1.3.1 United States

7.1.3.1.1 Market size and forecast

7.1.3.2 Canada

7.1.3.2.1 Market size and forecast

7.1.3.3 Mexico

7.1.3.3.1 Market size and forecast

7.2 Europe

7.2.1 Key market trends
7.2.2 Key growth factors, restraints and opportunities
7.2.3 Market size and forecast

7.2.3.1 UK

7.2.3.1.1 Market size and forecast

7.2.3.2 Germany

7.2.3.2.1 Market size and forecast

7.2.3.3 France

7.2.3.3.1 Market size and forecast

7.2.3.4 Rest of Europe

7.2.3.4.1 Market size and forecast

7.3 Asia Pacific

7.3.1 Key market trends
7.3.2 Key growth factors, restraints and opportunities
7.3.3 Market size and forecast

7.3.3.1 China

7.3.3.1.1 Market size and forecast

7.3.3.2 Japan

7.3.3.2.1 Market size and forecast

7.3.3.3 Rest of Asia-pacific

7.3.3.3.1 Market size and forecast

7.4 LAMEA

7.4.1 Key market trends
7.4.2 Key growth factors, restraints and opportunities
7.4.3 Market size and forecast

7.4.3.1 Latin America

7.4.3.1.1 Market size and forecast

7.4.3.2 Rest of LAMEA

7.4.3.2.1 Market size and forecast

CHAPTER 8 COMPANY PROFILE

8.1 WhiteWave Foods Company

8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating Business segments
8.1.4 Business Performance
8.1.5 Key Strategic Moves and Developments
8.1.6 SWOT Analysis

8.2 Blue Diamond Growers

8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating Business segments
8.2.4 Business performance
8.2.5 Key Strategic Moves and Developments
8.2.6 SWOT Analysis

8.3 SunOpta Inc.

8.3.1 Company overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Business performance
8.3.5 Key Strategic Moves and Developments
8.3.6 SWOT Analysis

8.4 Earths Own Food Inc.

8.4.1 Company overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segment
8.4.4 Key Strategic Moves and Developments
8.4.5 SWOT Analysis

8.5 Hain Celestial Group, Inc.

8.5.1 Company overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Business performance
8.5.5 Key Strategic Moves and Developments
8.5.6 SWOT Analysis

8.6 Organic Valley

8.6.1 Company overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Business performance
8.6.5 Key Strategic Moves and Developments
8.6.6 SWOT Analysis

8.7 Panos Brands LLC

8.7.1 Company overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Key Strategic Moves and Developments
8.7.5 SWOT Analysis

8.8 Living Harvest Foods Inc.

8.8.1 Company overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Key Strategic Moves and Developments
8.8.5 SWOT Analysis

8.9 Elden Foods Inc.

8.9.1 Company overview
8.9.2 Company Snapshot
8.9.3 Operating Business Segments
8.9.4 SWOT Analysis

8.10 Pascual Group

8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating Business Segments
8.10.4 SWOT Analysis

List Of Tables

Table 1 World Dairy Alternative Market By Region 20142022 ($Million)
Table 2 World Dairy Alternative Market Revenue By Source, 20142022 ($Million)
Table 3 World Soy Milk Market Revenue By Geography, 20142022 ($Million)
Table 4 World Almond Milk Market Revenue By Geography, 2014-2022
Table 5 World Rice Milk Market Revenue, By Geography, 2014-2022
Table 6 World Other Sources Market Revenue, By Geography, 2014-2022, ($Million)
Table 7 World Dairy Alternative Market Revenue By Application, 20142022, ($Million)
Table 8 World Food Market Revenue By Geography, 20142022, ($Million)
Table 9 World Beverages Market By Geography, 20142022, ($Million)
Table 10 Global Dairy Alternatives Market By Distribution Channel, 2014-2022 ($Million)
Table 11 World Dairy Alternative Market Revenue By Geography, 20142022, ($Million)
Table 12 North America Dairy Alternative Market Revenue By Source, 20142022, ($Million)
Table 13 North America Dairy Alternative Market Revenue By Application, 2014-2022 ($Million)
Table 14 North America Dairy Alternative Market Revenue By Distribution Channel, 2014-2022 ($Million)
Table 15 North America Dairy Alternative Market Revenue By Food Type, 2014-2022 ($Million)
Table 16 Europe Dairy Alternative Market Revenue By Source, 20142022, ($Million)
Table 17 Europe Dairy Alternative Market Revenue By Application, 2014-2022 ($Million)
Table 18 Europe Dairy Alternative Market Revenue By Distribution Channel, 2014-2022 ($Million)
Table 19 Europe Dairy Alternative Market Revenue By Food Type, 2014-2022 ($Million)
Table 20 Asia Pacific Dairy Alternative Market Revenue By Source, 20142022, ($Million)
Table 21 Asia-Pacific Dairy Alternative Market Revenue By Application, 2014-2022 ($Million)
Table 22 Asia-Pacific Dairy Alternative Market Revenue By Distribution Channel, 2014-2022 ($Million)
Table 23 Asia-Pacific Dairy Alternative Market Revenue By Food Type, 2014-2022 ($Million)
Table 24 Lamea Dairy Alternative Market Revenue By Source, 20142022, ($Million)
Table 25 Lamea Dairy Alternative Market Revenue By Application, 2014-2022 ($Million)
Table 26 Lamea Dairy Alternative Market By Distribution Channel, 2014-2022 ($Million)
Table 27 Lamea Dairy Alternative Market Revenue By Food Type, 2014-2022 ($Million)
Table 28 Whitewave Foods Company Inc - Company Snapshot
Table 29 Whitewave Foods Company Inc. - Operating Segments
Table 30 Blue Diamond Growers Company Snapshot
Table 31 Blue Diamond Growers Operating Segments
Table 32 Sunopta Inc. - Company Snapshot
Table 33 Sunopta Inc. - Operating Segments
Table 34 Earths Own Food Inc. - Company Snapshot
Table 35 Earths Own Food Inc. - Operating Segments
Table 36 Hain Celestial Inc. - Company Snapshot
Table 37 Hain Celestial Inc. - Operating Segments
Table 38 Organic Valley Company Snapshot
Table 39 Organic Valley - Operating Segments
Table 40 Panos Brands Llc Company Snapshot
Table 41 Panos Brands Llc - Operating Segments
Table 42 Living Harvest Foods Inc. Company Snapshot
Table 43 Living Harvest Foods Inc. - Operating Segments
Table 44 Elden Foods Inc.: Company Snapshot
Table 45 Elden Foods Inc. - Operating Segments
Table 46 Pascual Group Company Snapshot
Table 47 Pascual Group - Operating Segments

List Of Figures

Fig. 1 Dairy Alternative Market: Top Impacting Factors
Fig. 2 World Dairy Alternative Market: Top Winning Strategies, 2010-2015
Fig. 3 Top Winning Strategies Comparison, 2010-2015(%)
Fig. 4 Top Investment Pockets
Fig. 5 Value Chain Analysis
Fig. 6 Porters Five Forces Analysis
Fig. 7 Market Share Analysis, 2015(%)
Fig. 8 World Dairy Alternative Market Share Analysis By Source, 2014 & 2022 (%)
Fig. 9 Comparitive Regional Market Share Analysis Of World Soy Milk Market, 2014 & 2022 (%)
Fig. 10 World Soy Milk Market Revenue, 2014-2022 ($Million)
Fig. 11 World Soy Milk Market Share Analysis By Geography, 2014-2022 (%)
Fig. 12 Comparitive Regional Market Share Analysis Of World Almond Milk Market, 2014 & 2022 (%)
Fig. 13 World Almond Milk Market Revenue, 2014-2022 ($Million)
Fig. 14 World Almond Milk Market Share Analysis By Geography, 2014-2022 (%)
Fig. 15 Comparitive Regional Market Share Analysis Of World Rice Milk Market, 2014 & 2022 (%)
Fig. 16 World Rice Milk Market Revenue, 2014-2022 ($Million)
Fig. 17 World Rice Milk Market Share Analysis By Geography, 2014-2022 (%)
Fig. 18 Comparitive Regional Market Share Analysis Of World Other Sources, 2014 & 2022 (%)
Fig. 19 World Other Sourcess Market Revenue, 2014-2022 ($Million)
Fig. 20 World Other Sources Market Share Analysis By Geography, 2014-2022 (%)
Fig. 21 World Dairy Alternative Market Share Analysis By Application, 2014 & 2022 (%)
Fig. 22 Comparitive Regional Market Share Analysis Of World Food Market, 2014 & 2022 (%)
Fig. 23 World Food Market Revenue, 2014-2022 ($Million)
Fig. 24 World Food Market Share Analysis By Geography, 2014-2022 (%)
Fig. 25 Spread Market Revenue, 2014-2022 ($Million)
Fig. 26 Creamer Market Revenue, 2014-2022 ($Million)
Fig. 27 Yogurt Market Revenue, 2014-2022 ($Million)
Fig. 28 Tofu Market Revenue, 2014-2022 ($Million)
Fig. 29 Other Market Revenue, 2014-2022 ($Million)
Fig. 30 Comparitive Regional Market Share Analysis Of World Beverages, 2014 & 2022 (%)
Fig. 31 World Beverages Market Revenue, 2014-2022 ($Million)
Fig. 32 World Beverages Market Share Analysis By Geography, 2014-2022 (%)
Fig. 33 Comparitive Market Share Analysis Of Distribution Channel, 2014 & 2022 (%)
Fig. 34 Large Retail Market Revenue, 2014-2022 ($Million)
Fig. 35 Small Retail Market Revenue, 2014-2022 ($Million)
Fig. 36 Specialty Store Market Revenue, 2014-2022 ($Million)
Fig. 37 Online Market Revenue, 2014-2022 ($Million)
Fig. 38 World Dairy Alternative Market Share Analysis By Geography, 2014 & 2022 (%)
Fig. 39 Comparitive Regional Market Share Analysis Of North America Dairy Alternative Market, 2014 & 2022 (%)
Fig. 40 North America Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 41 United States Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 42 Canada Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 43 Mexico Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 44 Comparitive Regional Market Share Analysis Of Europe Dairy Alternative Market, 2014 & 2022 (%) 7
Fig. 45 Europe Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 46 Uk Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 47 Germany Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 48 Rest Of Europe Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 49 Rest Of Europe Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 50 Comparitive Regional Market Share Analysis Of Asia-Pacific Dairy Alternative Market, 2014 & 2022 (%)
Fig. 51 Asia-Pacific Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 52 China Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 53 Japan Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 54 Other Asia-Pacific Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 55 Comparitive Regional Market Share Analysis Of Lamea Dairy Alternative Market, 2014 & 2022 (%)
Fig. 56 Lamea Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 57 Latin American Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 58 Rest Of Lamea Dairy Alternative Market Revenue, 2014-2022 ($Million)
Fig. 59 Whitewave Foods Company Inc.: Revenue, 2013-2015 ($Million)
Fig. 60 Whitewave Foods Company Inc.: Revenue By Busines Segments, 2015 (%)
Fig. 61 Whitewave Foods Company Inc.: Revenue By Geography, 2015 (%)
Fig. 62 Whitewave Foods Company Inc.: Swot Analysis
Fig. 63 Blue Diamond Growers - Revenue, 20132015, ($Million)
Fig. 64 Blue Diamond Growers - Swot Analysis
Fig. 65 Sunopta Inc. Revenue 20132015, ($Million)
Fig. 66 Sunopta Inc.: Revenue By Business Segments, 2015 (%)
Fig. 67 Sunopta Inc.: Revenue By Geography, 2015 (%)
Fig. 68 Sunopta Inc. - Swot Analysis
Fig. 69 Earths Own Food Inc. - Swot Analysis
Fig. 70 Hain Celestial Inc.: Revenue 20132015, ($Million)
Fig. 71 Hain Celestial Inc.: Revenue By Business Segments, 2015 (%)
Fig. 72 Hain Celestial Inc.: Revenue By Geography, 2015 (%)
Fig. 73 Hain Celestial Inc. - Swot Analysis
Fig. 74 Organic Valley, Revenue 20132015, ($Million)
Fig. 75 Organic Valley - Swot Analysis
Fig. 76 Panos Brands Llc - Swot Analysis
Fig. 77 Living Harvest Foods Inc.: Swot Analysis
Fig. 78 Elden Foods Inc.: Swot Analysis
Fig. 79 Pascual Group: Swot Analysis
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FEATURED COMPANIES

  • Eden Foods Inc.(U.S)
  • Panos Brands LLC (U.S.)
  • Pascual Group (Spain)
  • SunOpta Inc.(Canada)
  • MORE
According to a new report titled, "Dairy Alternative Market - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the global dairy alternative market is expected to garner $21.7 billion by 2022, growing at a CAGR of 13.3% during 2016-2022. Asia-Pacific generated the highest revenue of $4.0 billion in 2015, followed by North America. Asia-Pacific would continue to dominate the overall market throughout the forecast period owing to the increase in demand from countries such as China and India.

The segmentations by source include soy milk, almond milk, rice milk, and other dairy alternative sources. Soy milk accounted for the maximum market share of 53.2% in 2015, because of its extensive usage in refreshment drinks. Popularity of beverages formulated by the combination of soy beverages and fruit drinks has increased in countries such as China. Almond milk is projected to be the fastest growing segment with the CAGR of 14.4%, owing to its high demand in developed regions such as North America, driven by the rising vegan and obese population in countries such as the U.S.

Beverage is anticipated to be the faster growing segment compared to food. Beverages such as milk shake, energy drink, fruit mixed drinks, and others, prepared from soy, almond, coconut and other dairy alternative sources, are increasingly becoming popular. Food is further categorized into spread, creamer, yogurt, tofu and others. Spread segment is expected to gain maximum growth during the forecast period 2016-2022, as these spreads have lower level of saturated fats, compared to dairy spreads. Yogurts prepared from dairy alternative sources such as almond, soy and coconut are increasingly being consumed by vegan as well as other consumers due to their high nutritional content. The yogurt segment is expected to grow at a CAGR of 14.6% during 2016-2022.

The ability of dairy alternative products to provide similar nutritional benefits as that of conventional milk and related products, is expected to promote their demand. Further, the ongoing innovations aimed at improving the taste, flavor and formulation would propel the growth of dairy alternatives market, states Bhawna Kohli, Manager Research at AMR.

The segment by distribution channel includes large retail, small retail, specialty store, and online. Large retail accounted for the largest market share of around 55% in 2015, followed by specialty store. The online segment is anticipated to be the fastest growing, owing to the availability of a wide variety of products in different tastes, flavors and formulations at discounted prices; and the growing popularity of online shopping.

Asia-Pacific is projected to be the fastest growing region throughout the analysis period 2016-2022. China, being dominant in the Asia-Pacific especially contributes to the soy milk market share. The popularity has increased due to increasing usage of soy milk as refreshment drink. Similarly, increase in number of dairy allergic consumers in the developed markets such as Japan have boosted the market growth.

Key Findings of the Dairy Alternative Market
Asia-Pacific would remain the largest revenue generating region throughout the analysis period.
Almond milk segment is expected to be the fastest growing market during 2016-2022.
In 2015, soy milk segment was the highest revenue-generating segment in the global dairy alternative market, followed by the almond milk segment.
Market for dairy alternative products prepared from other sources such as coconut, cashewnut, oat and others would witness attractive growth during the forecast period.
Acquisition is one of the most widely adopted key growth strategies by existing market players to increase their market share. For instance, companies such as WhiteWave Foods Company of the U.S. and SunOpta Inc., of Canada made several acquisitions to extend their product line.

The key companies profiled in the report include WhiteWave Foods Company (U.S.), Blue Diamond Growers (U.S.), SunOpta Inc. (Canada), Earths Own Food Company Inc. (Canada), Living Harvest Foods Inc. (U.S.), Hain Celestial Group, Inc. (U.S.), Organic Valley (U.S.), Panos Brands LLC (U.S.), Pascual Group (Spain), and Eden Foods Inc. (U.S.).
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- WhiteWave Foods Company (U.S.)
- Blue Diamond Growers (U.S.)
- SunOpta Inc.(Canada)
- Earth’s Own Food Company Inc.(Canada)
- Living Harvest Foods Inc. (U.S.)
- Hain Celestial Group, Inc.(U.S.)
- Organic Valley Family of Farms (U.S.)
- Panos Brands LLC (U.S.)
- Pascual Group (Spain)
- Eden Foods Inc.(U.S)
Note: Product cover images may vary from those shown
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