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Global Dairy Alternatives Market by Product (Butter, Cheese, Milk), Source (Almond, Coconut, Oat), Distribution Channel, End-Use - Forecast 2023-2030

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    Report

  • 195 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4989754
UP TO OFF until Dec 31st 2024
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The Dairy Alternatives Market size was estimated at USD 25.95 billion in 2022, USD 27.66 billion in 2023, and is expected to grow at a CAGR of 6.43% to reach USD 42.76 billion by 2030.

The dairy alternatives market encompasses a wide range of non-dairy products that are derived from plant-based sources and serve as substitutes for conventional dairy-based items. These products include milk, cheese, yogurt, ice cream, and other related food items made from sources such as soy, almond, coconut, oats, rice, and hemp. The primary focus is on offering consumers nutritional benefits similar to traditional dairy products while eliminating lactose and accommodating various dietary preferences such as veganism or specific allergies or intolerances. Dairy alternatives are used across multiple industries, including food & beverage manufacturing (confectionery, bakery), food service (restaurants, cafes), and retail sectors (supermarkets & grocery stores). Increasing preference for plant-based diets due to health reasons and sustainability issues associated with conventional farming practices have driven the demand for dairy-free alternatives. However, higher prices compared to conventional dairy products and cases of product recalls pose hurdles to the adoption of dairy-free alternatives. Additionally, concerns regarding nutritional adequacy and stringent regulations pertaining to the nutritional content of dairy-free products adversely affect the growth of the industry. Major companies are developing products with enhanced nutritional profiles to tackle these concerns. These products can compete with traditional dairy products in taste and health benefits. Furthermore, expanding distribution channels through online platforms has expanded the accessibility of dairy-based alternatives.

Regional Insights

The consumption of dairy-free products in the Americas has been steadily increasing owing to several crucial factors, including consumer demand for dairy alternatives and a reshaped food industry landscape. An increased focus on health and ethical considerations related to animal welfare has driven the rising consumption of dairy-free food products. Additionally, the Americas is characterized by an expanding range of innovative dairy-free product offerings. In Europe, a strong focus on sustainability and ethical consumerism has led to increased demand for dairy alternatives. There is a growing inclination toward veganism and vegetarianism in Europe driven by ethical reasons concerning animal welfare. Furthermore, countries such as Sweden and Norway have introduced dietary guidelines that support reduced animal product consumption. China, Japan, and India represent significant markets for dairy alternatives within the Asia-Pacific region due to their large populations and shifting consumer preferences toward healthier lifestyles. Japanese consumers are increasingly opting for non-dairy milk due to health concerns related to milk allergy cases. In India, the dairy alternatives market is driven by a large vegetarian population and growing consumer awareness regarding lactose intolerance.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Dairy Alternatives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Dairy Alternatives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Dairy Alternatives Market, highlighting leading vendors and their innovative profiles. These include Adisoy Foods & Beverages Pvt. Ltd., Archer Daniels Midland Company, Armored Fresh, Axiom Foods, Inc., Califia Farms, LLC, Cargill, Incorporated, Dancing Cow Foods Private Limited, Danone S.A., Drupe Foods India Pvt Ltd., DUG by Veg of Lund, Earth’s Own Food Company Inc. by Agrifoods International Cooperative Ltd., Eden Foods, Inc., Good Karma Foods, Inc., GT’s Living Foods LLC, Kerry Group PLC, Lipoid Kosmetik AG, Maeil Dairies Co., Ltd., Milkadamia, Nestlé S.A., Oddlygood Global Oy by Valio Ltd., Pacific Foods by Campbell Soup Company, Planet Oat by HP Hood LLC, Plant Veda Foods Ltd., Purefoods by Rollins International Pvt. Ltd., Ripple Foods PBC., Sain Milks, Sanitarium Health Food Company, SunOpta, Inc., The Hain Celestial Group, Inc., TheNotCompany Inc., and Upfield B.V.

Market Segmentation & Coverage

This research report categorizes the Dairy Alternatives Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Butter
    • Cheese
    • Milk
    • Yogurt
  • Source
    • Almond
    • Coconut
    • Oat
    • Rice
    • Soy
  • Distribution Channel
    • Offline
      • Convenience Stores
      • Health Food Stores
      • Pharmacies
      • Supermarkets & Hypermarkets
    • Online
  • End-Use
    • Beverages
    • Dietary Supplements
    • Food
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Dairy Alternatives Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Dairy Alternatives Market?
  3. What are the technology trends and regulatory frameworks in the Dairy Alternatives Market?
  4. What is the market share of the leading vendors in the Dairy Alternatives Market?
  5. Which modes and strategic moves are suitable for entering the Dairy Alternatives Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Dairy Alternatives Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing consumer preference for a vegan diet and adoption of dairy alternatives by food service outlets
5.1.1.2. Increasing number of lactose-intolerance and dairy-allergic consumers
5.1.2. Restraints
5.1.2.1. High cost associated with production of dairy alternatives
5.1.3. Opportunities
5.1.3.1. Introduction of new flavor & variety of dairy alternatives
5.1.3.2. Rising availability in online platforms and changing labelling regulations
5.1.4. Challenges
5.1.4.1. Product recalls due to contamination coupled with problems of added sugar in dairy alternatives
5.2. Market Segmentation Analysis
5.2.1. Product: Increasing demand for plant-based milk among health conscious consumers
5.2.2. Source: Popularity of various plant-based sources used in dairy alternatives and dairy-free food items
5.2.3. Distribution channel: Ease of availability of various dairy-free products through online distribution channels
5.2.4. End-Use: Increasing consumption of plant based beverages, as sustainable options
5.3. Market Trend Analysis
5.3.1. Increasing preference of vegan diets and animal welfare programs in the Americas
5.3.2. Ongoing advancement using unique sources to produce dairy alternatives in the APAC region
5.3.3. Robust demand coupled with government support driving production of dairy alternatives in the EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Dairy Alternatives Market, by Product
6.1. Introduction
6.2. Butter
6.3. Cheese
6.4. Milk
6.5. Yogurt
7. Dairy Alternatives Market, by Source
7.1. Introduction
7.2. Almond
7.3. Coconut
7.4. Oat
7.5. Rice
7.6. Soy
8. Dairy Alternatives Market, by Distribution Channel
8.1. Introduction
8.2. Offline
8.3.1. Convenience Stores
8.3.2. Health Food Stores
8.3.3. Pharmacies
8.3.4. Supermarkets & Hypermarkets
8.3. Online
9. Dairy Alternatives Market, by End-Use
9.1. Introduction
9.2. Beverages
9.3. Dietary Supplements
9.4. Food
10. Americas Dairy Alternatives Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Dairy Alternatives Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Dairy Alternatives Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Oddlygood acquires Planti Takes the lead in two dairy alternative categories in Sweden and Finland
13.3.1.2. Plant Veda Finishes Acquisition of Nora's Non-Dairy LTD
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. Kerry Group Partners with Unigrain on Dairy Alternatives
13.3.2.2. Veg of Lund signs letter of intent to sell its DUG potato based dairy alternatives in China
13.3.2.3. Soul Origin Partners With Australian-Owned the Alternative Dairy Co
13.3.2.4. ADM and New Culture Announce Strategic Partnership to Scale up Alternative Dairy Products
13.3.3. New Product Launch & Enhancement
13.3.3.1. Ripple Foods Launches Plant-Based Milk With no Added Sugars
13.3.3.2. South Korea's Armored Fresh Finding Flavour in the U.S. Plant-based Market
13.3.3.3. Califia Farms introduces two new dairy alternatives
13.3.3.4. Abbot Kinney’s launches organic plant-based drinks in UK
13.3.4. Investment & Funding
13.3.4.1. Eden Brew Alternative Milk Startup Attracts USD 25 million In Investments To Bring Synthetic Dairy To Market
13.3.5. Award, Recognition, & Expansion
13.3.5.1. Changes continue in Danone’s dairy, plant-based business
13.3.5.2. SunOpta Opens New USD 125 Million Plant-Based Beverage Manufacturing Facility in Texas
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Adisoy Foods & Beverages Pvt. Ltd.
14.1.2. Archer Daniels Midland Company
14.1.3. Armored Fresh
14.1.4. Axiom Foods, Inc.
14.1.5. Califia Farms, LLC
14.1.6. Cargill, Incorporated
14.1.7. Dancing Cow Foods Private Limited
14.1.8. Danone S.A.
14.1.9. Drupe Foods India Pvt Ltd.
14.1.10. DUG by Veg of Lund
14.1.11. Earth’s Own Food Company Inc. by Agrifoods International Cooperative Ltd.
14.1.12. Eden Foods, Inc.
14.1.13. Good Karma Foods, Inc.
14.1.14. GT’s Living Foods LLC
14.1.15. Kerry Group PLC
14.1.16. Lipoid Kosmetik AG
14.1.17. Maeil Dairies Co., Ltd.
14.1.18. Milkadamia
14.1.19. Nestlé S.A.
14.1.20. Oddlygood Global Oy by Valio Ltd.
14.1.21. Pacific Foods by Campbell Soup Company
14.1.22. Planet Oat by HP Hood LLC
14.1.23. Plant Veda Foods Ltd.
14.1.24. Purefoods by Rollins International Pvt. Ltd.
14.1.25. Ripple Foods PBC.
14.1.26. Sain Milks
14.1.27. Sanitarium Health Food Company
14.1.28. SunOpta, Inc.
14.1.29. The Hain Celestial Group, Inc.
14.1.30. TheNotCompany Inc.
14.1.31. Upfield B.V.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. DAIRY ALTERNATIVES MARKET RESEARCH PROCESS
FIGURE 2. DAIRY ALTERNATIVES MARKET SIZE, 2022 VS 2030
FIGURE 3. DAIRY ALTERNATIVES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. DAIRY ALTERNATIVES MARKET DYNAMICS
FIGURE 7. DAIRY ALTERNATIVES MARKET SIZE, BY PRODUCT, 2022 VS 2030 (%)
FIGURE 8. DAIRY ALTERNATIVES MARKET SIZE, BY PRODUCT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2022 VS 2030 (%)
FIGURE 10. DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2030 (%)
FIGURE 12. DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. DAIRY ALTERNATIVES MARKET SIZE, BY END-USE, 2022 VS 2030 (%)
FIGURE 14. DAIRY ALTERNATIVES MARKET SIZE, BY END-USE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES DAIRY ALTERNATIVES MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES DAIRY ALTERNATIVES MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. DAIRY ALTERNATIVES MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. DAIRY ALTERNATIVES MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Adisoy Foods & Beverages Pvt. Ltd.
  • Archer Daniels Midland Company
  • Armored Fresh
  • Axiom Foods, Inc.
  • Califia Farms, LLC
  • Cargill, Incorporated
  • Dancing Cow Foods Private Limited
  • Danone S.A.
  • Drupe Foods India Pvt Ltd.
  • DUG by Veg of Lund
  • Earth’s Own Food Company Inc. by Agrifoods International Cooperative Ltd.
  • Eden Foods, Inc.
  • Good Karma Foods, Inc.
  • GT’s Living Foods LLC
  • Kerry Group PLC
  • Lipoid Kosmetik AG
  • Maeil Dairies Co., Ltd.
  • Milkadamia
  • Nestlé S.A.
  • Oddlygood Global Oy by Valio Ltd.
  • Pacific Foods by Campbell Soup Company
  • Planet Oat by HP Hood LLC
  • Plant Veda Foods Ltd.
  • Purefoods by Rollins International Pvt. Ltd.
  • Ripple Foods PBC.
  • Sain Milks
  • Sanitarium Health Food Company
  • SunOpta, Inc.
  • The Hain Celestial Group, Inc.
  • TheNotCompany Inc.
  • Upfield B.V.

Methodology

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