Asia-Pacific Dairy Alternatives Market - Trends, Growth, and Forecast (2019 - 2024)

Market Overview

Asia-Pacific Dairy Alternatives Market is growing at a CAGR of during the forecast period (2019-2024)

Asia-Pacific is the largest market for dairy alternatives, and the fastest growing region. People use dairy alternative products for many reasons; most people prefer dairy-free products to get relief from digestive issues, like bloating, skin issues, etc.

In the recent years, the consumption of milk alternatives has steadily increased, due to the increasing number of vegans and health concerns about antibiotics and growth hormones often found in cow's milk.

Lactose intolerance and milk allergy are the key drivers for new product development, which is growing the Asia-Pacific market. Asia-Pacific, with over 4.3 billion citizens and a population with high lactose intolerance, has very few options of lactose-free products for adults.

Scope of the Report

Asia-Pacific Dairy Alternatives Market is segmented by Type into Soy Based, Almond Based, Coconut Based, Rice Based and Others. The market is segmented by Application into Food and Beverage. By Distribution Channel the market is segmented into Supermarket/Hypermarket, Convenience Store, Online and Others.

Key Market Trends

Soy Milk Is The Major Dairy Alternative

Soy milk is a grain milk, which is prepared by soaking dried soya beans, which are ground in water. Soy milk is a stable emulsion of water, oil, and protein. Soy milk contains isoflavones, which improve the lipid profile and reduce the cholesterol levels, which is likely to raise the popularity among consumers. Soy milk is cheaper than other non-dairy products and can be a complete substitute for regular milk. It ensures healthy living, by weight management, skin sustenance, and less allergic reactions. It can be fortified with nutrients, such as calcium, iron, and vitamins B3 and B12, to enhance the product quality. It contains fatty acids, such as omega-3 and omega-6. Soy milk can be of both full-fat and low-fat versions. It has wide applications in functional beverages, weight loss products, infant formula, and bakery products, which enable the market studied to witness robust growth rate.

China Is The Major Market For Dairy Alternatives

Lactose-free food delivered an impressive performance in 2017. This can be attributed to the increasing incidence of lactose intolerance caused by the inability to digest milk sugar lactose, which is genetically determined and varies greatly between different populations, as well as age groups. Lactose intolerance is most prevalent in people of East Asian descent. In the recent years, the consumption of milk alternatives has steadily increased, due to the increasing number of vegans and health concerns about antibiotics and growth hormones often found in cow's milk. The health and wellness trend in China has brought the issue of food intolerances and allergies to the forefront of modern consumers’ minds, and hence, boosting the consumption of dairy alternative products.

Competitive Landscape

With the wide Asian-Paicific presence, along with a major market share, Danone-Whitewave Foods dominates the Asia-Pacific dairy alternative market. Owing to the diversified product portfolio, which includes soy, almond, rice, cashew, coconut-based food and beverages, the key market players, like Earth’s Own Food Company, Sanitarium Health & Wellbeing Company, Daiya Foods Inc., hold prominent shares in the Asia-Pacific dairy alternative market. Together, these companies account for a major market share.


This product will be delivered within 2 business days.