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South America Dairy Alternative Products Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4828039
  • Report
  • Region: South America
  • 90 pages
  • Mordor Intelligence
until Dec 31st 2019
1 of 4


  • Danone S.A.
  • Dr.Chung’s Food Co.,Ltd.
  • Hain Celestial
  • McCormick & Company, Inc.
  • The Coca-Cola Company
  • MORE
Market Overview

South America Dairy Alternative market is forecasted to grow at a CAGR of 5.2% during the forecast period (2019 - 2024).
  • The gaining popularity of vegan diet and incidences of lactose intolerance have driven the market. Increased health-consciousness among consumers has led to the demand for functional beverages; the development of palatable and nutritionally adequate functional beverages with plant-based derivatives are driving the market.
  • However, the comparatively high prices of dairy alternatives pose a challenge to the market. The presence of nutritionally equivalent alternatives, for a lower price, affects consumer behavior and refrains the purchase of dairy alternatives.
Scope of the Report

South America Dairy Alternative Products Market includes dairy free food such as Frozen Dessert, Yogurt, Others. The others include sour cream, Dairy free beverages include Soy milk, Almond milk, Coconut Milk, Rice milk, and other types. The other beverages include cashew milk, pea milk, oat milk, hemp milk, by sales channel into Supermarkets/Hypermarkets, Convenience stores, Online Stores; and others. The other sales channel include warehouse, discounters, kiosks, vending machines, etc.

Key Market Trends

Increase in Lactose Intolerance and Milk Allergy

Lactose intolerance is a prevalent and distressing condition that affects approximately 70% of individuals, across the South American region. Due to this, consumers are shifting toward dairy-free products. In 2017, the Brazilian dairy market recorded a decline in sales volume, as well as value, due to an increase in the frequency of lactose intolerance, which led to an inclination toward plant-based beverages and dairy-free food. Allergies and intolerances are major reasons behind the shift toward dairy-free products, especially considering the Food Allergy Initiative's statistics, which state that cow milk allergy is the leading food allergy in both infants and adults in the South American countries. This factor is majorly driving the demand for dairy alternatives in the South American market.

Brazil Driving the Regional Market

Brazil accounted for the largest market share for dairy alternatives in the South American region, as the rising middle class population and millennials are causing a change in traditional buying patterns. The three major trends affecting the Brazilian market are sugar reduction, healthy food, and the rise of protein and fiber content in food. These trends are affecting the sale of plant-based products in the market. More consumers are considering healthy lifestyle choices and this is generating greater interest in new lactose-free, dairy-free, and plant-based/vegan options.

Competitive Landscape

South America Dairy Alternative Products Market is highly consolidated. Mergers and acquisitions are the most impacting strategies in the South American dairy alternative market, as small and regional players are acquired by global players, in order to expand their presence and product portfolio in the region.
Note: Product cover images may vary from those shown
2 of 4


  • Danone S.A.
  • Dr.Chung’s Food Co.,Ltd.
  • Hain Celestial
  • McCormick & Company, Inc.
  • The Coca-Cola Company
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study


3.1 Market Overview

4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5.1 Application
5.1.1 Food
5.1.2 Beverage
5.2 Type
5.2.1 Soy-based
5.2.2 Almond-based
5.2.3 Coconut-based
5.2.4 Rice-based
5.2.5 Other types
5.3 Sales Channel
5.3.1 Hypermarket/Supermarket
5.3.2 Convenience Store
5.3.3 Health Food Store
5.3.4 Online
5.3.5 Other sales channel
5.4 Geography
5.4.1 South America Brazil Argentina Rest of South America

6.1 Most Active Companies
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Danone S.A.
6.4.2 McCormick & Company, Inc.
6.4.3 General Mills Inc. (Yoplait USA, Inc.)
6.4.4 Hain Celestial
6.4.5 The White Wave Food Company
6.4.6 The Coca-Cola Company
6.4.7 Dr.Chung’s Food Co.,Ltd.

Note: Product cover images may vary from those shown
3 of 4


4 of 4
  • Danone S.A.
  • McCormick & Company, Inc.
  • General Mills Inc. (Yoplait USA, Inc.)
  • Hain Celestial
  • The White Wave Food Company
  • The Coca-Cola Company
  • Dr.Chung’s Food Co.,Ltd.
Note: Product cover images may vary from those shown