+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Dairy Alternatives Market, Consumption, Global Forecast by Plant based Milk, Regions, Companies

  • ID: 4912106
  • Report
  • January 2020
  • Region: Global
  • 125 Pages
  • Renub Research
1 of 4

Enquire about COVID-19 updates for this product.

Enquire Now
Dairy Alternatives Market is Anticipated to Cross USD 35 Billion by 2026

FEATURED COMPANIES

  • Blue Diamond Growers Inc.
  • Hain Celestial Group Inc.
  • Kikkoman
  • SunOpta Inc.
  • MORE

The demand of Plant-based or non-dairy milk alternative is growing at rapid pace as a specialty beverage across the globe. As having allergy through cow milk, lactose intolerance, calorie concern, the prevalence of hypercholesterolemia is growing. So, plant-based milk alternatives are a rising trend, which can serve as an affordable alternative for many people in developing countries and in places, where cow’s milk supply is insufficient. According to the publisher Dairy Alternatives Market is anticipated to cross USD 35 Billion by 2026.

However, the main constrains of this market is the high cost of Dairy Alternatives milk compared to conventional dairy and fluctuations in raw materials and the scarcity of raw materials provide a challenge in production and pricing of products. The range of Plant-based milk can be of Coconut Milk, Soy Milk, Rice Milk, Almond Milk, and Others. Soy Milk dominates the global Dairy Alternatives market. Almond Milk, Rice Milk & Coconut milk are also growing in the total global Dairy Alternatives market.

The Dairy Alternatives market for food application will continue to follow its growing trend in the years to come as a wide range of food prepared from milk, which in turn is derived from sources such as almond, rice, soy, coconut and others.

In this report, we have also covered another application such as beverages, which increased notably during the review period. It is estimated that the beverages will keep growing due to its wide range of product in the beverages which can be prepared from Plant-based milk. Some of the commonly consumed Dairy Alternatives based beverages are milk, ice-cream, soft drinks, energy drinks and others. The market is seeing an increasing number of customers due to innovative products, attractive marketing campaigns and health benefits over the conventional milk.

The report titled “Dairy Alternatives Market, Consumption, Global Forecast by Plant based Milk (Soy, Almond, Rice, Coconut, Others), Regions (North America, Asia Pacific, Europe, Rest of World) Companies (The Hain Celestial Group Inc., Blue Diamond Growers Inc., SunOpta Inc., Freedom Foods Group Ltd., Vitasoy International Holdings Ltd., Kikkoman)” studies the Global Market for Dairy Alternatives (plant-based milk) and Consumption.

Soy Milk dominates Dairy Alternative Market

Based on segment, the market for dairy alternatives (plant-based milk) is categorized into five segments:  Almond Milk, Rice Milk, Soy Milk, Coconut and Others. Soy Milk has the highest market share globally. Soy milk has grown in popularity because of increased awareness of soy’s possibility in lowering the risk of heart disease.

Beverage Market is growing in the Global plant Based Milk Market

The report has also studied the Dairy Alternatives market based on its applications as Food & Beverages. In recent years, developments in plant-based products have led to newer products in the beverages sector. Functionality in these beverages may able to address the different needs and lifestyle such as to boost energy, fight ageing, fatigue and stress, target specific diseases and the sector is still expanding.

Asia-Pacific has bright Future Ahead

Based on regions, the market for plant-based milk has been segmented into these regions; North America, Asia-Pacific, Europe and Rest of the World. The Asia-Pacific region mostly dominates the alternative dairy market due to the growing number of vegan and lactose intolerant populations in the region. Two-thirds of the world's populations are lactose-intolerant. The figure is almost 90 percent in Asia and Africa. Thus, the numbers of consumers are growing while choosing non-dairy milk and products which are lactose-free because of its benefits over conventional milk.

All companies in this report have been covered with the following viewpoints

  • Company Overview
  • Company Initiatives/Strategy
  • Financial Insight

Company Analysis

  • Hain Celestial Group Inc.
  • Blue Diamond Growers Inc.
  • SunOpta Inc.
  • Freedom Foods Group Limited
  • Vitasoy International Holdings Limited
  • Kikkoman

Market & Consumption - Global Dairy Alternatives

  • Source
  • Regions
  • Applications

Segmentation based on Source

  • Soy
  • Almond
  • Coconut
  • Rice
  • Others

Segmentation based on Regions

  • North America
  • Asia-Pacific
  • Europe
  • Rest of the World

Segmentation based on Application

  • Food
  • Beverages

Segmentation based on product

  • Flavored Milk
  • Unflavored Milk

Segmentation based on Nature

  • Organic Milk
  • Conventional Milk

Segmentation based on Sale Channel

  • Direct Sales
  • Indirect Sales
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Blue Diamond Growers Inc.
  • Hain Celestial Group Inc.
  • Kikkoman
  • SunOpta Inc.
  • MORE

1. Executive Summary

2. Global Dairy Alternatives (Plant-Based Milk) Market

3. Global Dairy Alternatives (Plant-Based Milk) Volume

4. Market Share – Global Dairy Alternatives (Plant-Based Milk)
4.1 By Source – Soy Milk, Almond Milk, Rice Milk & Others
4.2 By Region – North America, Asia Pacific, Europe & ROW
4.3 By Application – Beverages & Food

5. By Source - Global Dairy Alternatives (Plant-Based Milk) Market
5.1 Soy Milk
5.2 Almond Milk
5.3 Rice Milk
5.4 Coconut Milk
5.5 Others

6. Market by Product
6.1 Flavored Milk
6.2 Unflavored/Regular Milk

7. Market by Nature
7.1 Organic Milk
7.2 Conventional (in-organic) Milk

8. Market by Sales Channel
8.1 Direct Sales (B2B)
8.2 Indirect Sales (B2C)

9. By Region - Global Dairy Alternatives (Plant-Based Milk) Market
9.1 North America
9.2 Asia Pacific
9.3 Europe
9.4 Rest of the World

10. By Application - Global Dairy Alternatives (Plant-Based Milk) Market
10.1 Food
10.2 Beverages

11. By Source - Global Dairy Alternatives (Plant-Based Milk) Volume
11.1 Soy Milk
11.2 Almond Milk
11.3 Rice Milk
11.4 Coconut Milk
11.5 Others

12. By Region - Global Dairy Alternatives (Plant-Based Milk) Volume
12.1 North America
12.2 Asia Pacific
12.3 Europe
12.4 Rest of World ROW

13. By Application - Global Dairy Alternatives (Plant-Based Milk) Volume
13.1 Food
13.2 Beverages

14. Companies Profile
14.1 Hain Celestial Group Inc.
14.1.1 Overview
14.1.2 Strategy
14.1.3 Merger / Acquisitions
14.1.4 Financial Insights
14.2 Blue Diamond Growers Inc.
14.2.1 Overview
14.2.2 Strategy
14.2.3 Financial Insights
14.3 SunOpta Inc.
14.3.1 Overview
14.3.2 Strategy
14.3.3 Merger / Acquisitions
14.3.4 Financial Insights
14.4 Freedom Foods Group Limited
14.4.1 Overview
14.4.2 Strategy
14.4.3 Financial Insights
14.5 Vitasoy International Holdings Limited
14.5.1 Overview
14.5.2 Strategy
14.5.3 Merger / Acquisitions
14.5.4 Financial Insights
14.6 Kikkoman
14.6.1 Overview
14.6.2 Strategy
14.6.3 Financial Insights

15. Dairy Alternatives (Plant-Based Milk) Market Drivers
15.1 Growing Inclination toward Vegan, Especially Plant-Based Food
15.2 Growing Lactose Intolerance among a large section of the Population
15.3 Innovation in Flavours and Sources of Dairy Alternatives Beverages
15.4 Increasing Awareness about Dairy Alternatives products and their Benefits

16. Dairy Alternatives (Plant-Based Milk) Market Challenges
16.1 High cost of Dairy Alternatives milk compared to conventional milk
16.2 Fluctuations in Raw Materials and Scarcity of Raw Materials

List of Figures

Figure 2-1: United States – Non-Dairy Milk Sales Growth is Outpacing Regular Milk (Percent), 2007 – 2015
Figure 2-2: Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 - 2019
Figure 2-3: Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 2-4: Global Dairy Alternatives (Plant-Based Milk) Volume (Million Liters), 2011 - 2019
Figure 2-5: Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Liters), 2020 – 2026
Figure 3-1: By Source - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2016 - 2019
Figure 3-2: By Source - Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 - 2026
Figure 3-3: By Region - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2016 - 2019
Figure 3-4: By Region – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 – 2026
Figure 3-5: By Application - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2011 - 2019
Figure 3-6: By Application – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 - 2026
Figure 4-1: Soy Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 4-2: Soy Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 4-3: Almond Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 4-4: Almond Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 4-5: Rice Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Million US$), 2016 – 2019
Figure 4-6: Rice Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Million US$), 2020 – 2026
Figure 6-1: North America - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-2: North America – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-3: Asia Pacific - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-4: Asia Pacific – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-5: Europe - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-6: Europe – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-7: ROW - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-8: ROW – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020– 2026
Figure 6-1: Food - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-2: Food – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-3: Beverages - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-4: Beverages – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 7-1: Soy Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-2: Soy Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-3: Almond Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-4: Almond Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-5: Rice Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-6: Rice Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-8: Others – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-1: North America - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-2: North America – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-3: Asia Pacific - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-4: Asia Pacific – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-5: Europe - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-6: Europe – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-7: ROW - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-8: ROW – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 9-1: Food - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 9-2: Food – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 9-3: Beverages - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 9-4: Beverages – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 10-5: Hain Celestial Group Inc. – Financial Highlights (Billion US$), 2013 – 2019
Figure 10-6: Hain Celestial Group Inc. – Forecast for Financial Highlights (Billion US$), 2020 – 2026
Figure 10-7: Blue Diamond Growers Inc. – Financial Highlights (Million US$), 2013 – 2019
Figure 10-8: Blue Diamond Growers Inc. – Forecast for Financial Highlights (Million US$), 2018 – 2024
Figure 10-9: SunOpta - The Value Creation Plan
Figure 10-10: SunOpta Inc. – Financial Highlights (Million US$), 2013 – 2019
Figure 10-11: SunOpta Inc. – Forecast for Financial Highlights (Million US$), 2020 – 2026
Figure 10-12: Freedom Foods Group Limited – Financial Highlights (Million US$), 2011 – 2017
Figure 10-13: Freedom Foods Group Limited – Forecast for Financial Highlights (Million US$), 2018 – 2024
Figure 10-14: Vitasoy International Holdings Limited – Financial Highlights (Million US$), 2013 – 2019
Figure 10-15: Vitasoy International Holdings Limited – Forecast for Financial Highlights (Million US$), 2020 – 2026
Figure 10-16: Kikkoman – Financial Highlights (Million US$), 2013 – 2019
Figure 10-17: Kikkoman – Forecast for Financial Highlights (Billion US$), 2020 – 2026
Figure 11-1: United Kingdom – Vegan People aged 15 or over
Figure 11-2: Australia – Lactose intolerance among Australian men and women, by age
Figure 12-1: Average price of a gallon of Conventional Milk and Non-Dairy Milk in USD

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

Loading
LOADING...

4 of 4
  • Hain Celestial Group Inc.
  • Blue Diamond Growers Inc.
  • SunOpta Inc.
  • Freedom Foods Group Limited
  • Vitasoy International Holdings Limited
  • Kikkoman
Note: Product cover images may vary from those shown
5 of 4

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

Loading
LOADING...

Adroll
adroll