The Hispanic and Asian-American populations, which have a higher incidence of lactose intolerance, are growing faster than the total U.S. population, thus, becoming the major deriving force for the market to grow in the coming years. North American dairy market exhibits sluggish growth owing to the weak domestic demand for dairy products and more attraction for dairy alternatives and lactose free products. Falling milk prices have increased the supply of dairy products in the North-American market.
Soy milk has the largest market for dairy alternative beverages in North America, but faces tougher competition from other dairy alternative beverages such as almond milk, rice milk, and so on. Rice, hazelnut, and hemp milk are also growing in the dairy alternative market as they have calcium content and other nutritional benefits similar to that of soy milk. Soy and almond milk are the most preferred milk alternatives in the U.S. Almond milk dollar sales rose 46 percent, and coconut milk dollar sales grew by 35 percent, in past five years.
Consumers' desire to experiment with different varieties could be a contributing factor. However, among the various dairy alternatives â€” soy, almond, coconut and rice milk, soy milk is the best alternative product for children and males. It is causing a shakeup in the dairy alternatives market.
Thus, major players are investing in innovation with natural sweeteners and new flavours and supporting stronger growth of the market. Major companies in dairy alternative manufacturing are based in North America, such as Whitewave Foods Company, Hain Celestial Group, Blue Diamond Growers Inc. and others.
This Report Offers:
Market Definition for the specified topic along with identification of key drivers and restraints for the market
Market analysis for the Global dairy alternatives Market, with region specific assessments and competition analysis on a global and regional scale
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their share of markets
Identification and analysis of the Macro and Micro factors that affect the Global dairy alternatives market on both global and regional scale
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
Why Buy This Report?
For getting a comprehensive overview of the Global dairy alternative market
To gain wide ranging information about the major players in this industry and the strategies adopted by them
To gain an insight about the major countries/regions in which this industry is blooming and identify the regions which are untapped.
1.1 Research methodology
1.2 Market Definition
2. Key Findings
3. Market Overview
3.2 Market Dynamics
3.3.1 Increase in lactose Intolerance and milk allergy
3.3.2 Nutritional values of plant based dairy alternatives
3.3.3 Changed lifestyle causing obesity and gastrointestinal problems
3.4.1 High pricing of dairy alternatives as compared to dairy based products
3.4.2 Lack of protein and cross contamination of raw materials
3.5.1 Innovative marketing practices and creating awareness
3.5.2 Increasing demand from developing countries
3.6 Porter Five Forces Analysis
3.6.1 Bargaining power of Suppliers
3.6.2 Bargaining power of Buyers
3.6.3 Degree of Competition
3.6.4 Threat of Substitution
3.6.5 Threat of new entrants
4. Market Segmentation
4.1 Dairy Aletrnatives Market , By type
4.1.1 Soy Milk
4.1.2 Almond Milk
4.1.3 Coconut Milk
4.1.4 Rice Milk
4.1.5 Others ( hemp milk ,oat milk , cashew milk , hazelnut milk)
4.2 Dairy Alternatives Market , By Application
4.3 Dairy Alternatives Market, By Formulation
4.3.1 Sweetened Products
18.104.22.168 Plain Formulation
22.214.171.124 Flavored Formulation
4.3.2 Unsweetened Products
126.96.36.199 Plain Formulation
188.8.131.52 Flavored Formulation
4.4 Dairy Alternatives Market, By sales channel
4.4.1 Super Markets
4.4.2 Convenience Store
4.4.4 Health Food Stores
4.4.5 others ( online stores , big chains consumption such as starbucks , dunkin donuts)
4.5 Dairy Alternatives Market ,By Region
5. Competitive Landscape Overview
5.1 Market Share Analysis
5.2 Strategies by leading players
5.3 New Product Developments &Other Innovations
6. Company Profiles
6.1 Daiya Foods Inc.
6.2 Earth Own Food Company Inc.
6.3 Panos Brands LLC.
6.4 Eden Foods Inc.
6.5 Freedom Foods Group Ltd.
6.6 Blue Diamond Growers Inc.
6.7 The Hain Celestial Group Inc.
6.8 The WhiteWave Foods Company
6.9 Sanitarium Health & Wellbeing Company
6.10 Sunopta Inc.
6.11 Archer Daniels Midland Company
6.12 Nutriops S.L.