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Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores, Pharmacies), Formulation and Region - Forecast to 2027

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    Report

  • 270 Pages
  • June 2022
  • Region: Global
  • Markets and Markets
  • ID: 5239110

FEATURED COMPANIES

  • Blue Diamond Growers
  • Eden Foods, Inc
  • Kite Hill
  • Oatly Inc
  • Pureharvest
  • Sunopta
According to the analyst, the dairy alternatives market is estimated to be valued at USD 27.3 billion in 2022 and is projected to reach USD 44.8 billion by 2027, recording a CAGR of 10.4%, in terms of value. Appropriate use of promotional mixes has enhanced the growth opportunities in this market. Almond milk producers have achieved significant popularity and growth as they have correctly positioned their brands in the dairy alternatives category.  Rise in health awareness and lifestyle changes have stimulated growth in the dairy alternatives market. Additionally, due to continuous efforts being put in by plant-based beverage manufacturers in terms of innovative flavors, longer shelf life, and better nutritious profile, the market for dairy alternatives is projected to grow in the coming years.


 

By source, the almond segment is projected to account second largest market share during the forecast period

Based on source, the almond segment is projected to grow at hthe ighest CAGR in the market during the forecast period. Almond is a nutrient-dense product and is an excellent source of vitamin E in the form of alpha-tocopherol and manganese. Vitamin E’s functionally active component, alpha-tocopherol, is a powerful antioxidant protecting against free radical reactions. Other nutrients included in almonds include calcium, magnesium, selenium, potassium, zinc, phosphorus, and copper.  

 

By formulation, the plain segment is estimated to grow at a moderate CAGR

Plain dairy alternative products include milk, spreadable and non-spreadable cheese, tofu, creamer, and plain yogurt. These dairy alternatives can be useful in cases where the milk is not directly consumed. Secondary applications of milk, such as in coffees, teas, and recipes that involve plain milk, are ideal applications for dairy alternatives. Consumers of plain & sweetened dairy alternative food & beverages include the vegan population, children, toddlers, and the lactose-intolerant population who prefer soy and almond beverages as an alternative mostly. Dream original almond, manufactured by The Hain Celestial (US), is a plain & unsweetened product available in shelf-stable packaging for easy consumption.
 

By application, the ice cream segment is forecasted to account for the second-highest CAGR in the market

The dairy-free frozen desserts market is saturated with ice cream alternatives such as frozen non-dairy dessert bars, sandwiches, fudges, and toppings. Since dairy-free desserts are plant-based, cholesterol-free, and processed to provide various options to consumers such as low in calories and fat and are fortified to enhance their nutritional properties. Non-dairy ice cream consists of high content of lipids, vitamins, albumin, carbohydrates, and casein that provide significant health benefits such as an increase in good HDL cholesterol in the body, efficient weight management, and protection from cardiovascular diseases.  

 

By distribution channel, the health food stores segment is anticipated to account second-largest share in the market during the review period

Health food stores formed the second-largest distribution channel for dairy alternative products, having accounted for an overall share of 32.5% in 2021 Consumers who have a specific motive for purchasing healthy products tend to choose health food stores to make their purchases. Few consumers who are lactose intolerant or allergic to milk are more likely to choose these health stores to make their purchases, as health-based options and varieties are available.
 

The Asia Pacific region is projected to grow at the second highest CAGR during the forecast period

 Japan, Australia, China, and India are the major countries covered for study in this report. Some key market players in this region are Sanitarium Health & Wellbeing Company (Australia), Vitasoy International Holdings Limited (Hong Kong), Freedom Foods Group Ltd. (Australia), and Pureharvest (Australia). The dairy alternatives industry in the Asia pacific region is growing, owing to the customer's changing lifestyles. In response to increased urbanisation, diet diversification, and the liberalisation of foreign direct investment in the food industry, the dairy alternative market in this region is undergoing a dramatic transformation.
 The dairy alternatives market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).
 

 Break-up of Primaries

  • By Company Type: Tier 1 - 30%, Tier 2 - 25% and Tier 3 - 45%
  • By Designation: Manager- 25%, CXOs- 40%, and Executives - 35%
  • By Region: Asia Pacific - 40%, Europe - 30%, North America- 16%, and RoW- 14%

Leading players profiled in this report include:

  • Danone North America Public Benefit Corporation (US) 
  • The Hain Celestial Group, Inc. (US)
  • Blue Diamond Growers (US)
  • SunOpta (Canada), Sanitarium (New Zealand)
  • Freedom Foods Group Limited (Australia)
  • Eden Foods, Inc. (US)
  • Nutriops, S.L. (Spain)
  • Earth’s Own Food Company Inc. (Canada)
  • Triballat Noyal (France)
  • Valsoia S.p.A (Italy)
  • Panos Brands (US)
  • Green Spot Co., Ltd. (Thailand)
  • Hiland Dairy (US)
  • Ripple Foods (US)
  • Kite Hill (US)
  • Oatly Inc. (Belgium)
  • Miyoko’s Creamery (US)
  • Daiya Foods Inc. (Canada)
  • Vly (Germany)
  • Califia Farms (US)
  • PureHarvest (Australia)
  • WayFare (US)
  • One Good (India)

Research Coverage

This report segments the dairy alternatives market on the basis of source, formulation, application, distribution channel, brand, nutrients, and region. In terms of insights, this research report focuses on various levels of analyses: competitive landscape, pricing insights, end-use analysis, and company profiles - which together comprise and discuss the basic views on the emerging & high-growth segments of the dairy alternatives market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.


Reasons to Buy this Report

  • To get a comprehensive overview of the dairy alternatives market
  • To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
  • To gain insights about the major countries/regions, in which the dairy alternatives market is flourishing

FEATURED COMPANIES

  • Blue Diamond Growers
  • Eden Foods, Inc
  • Kite Hill
  • Oatly Inc
  • Pureharvest
  • Sunopta

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
Figure 1Market Segmentation
1.3.1 Geographic Scope
1.3.2 Periodization Considered
1.4 Currency Considered
Table 1 USD Exchange Rates Considered for the Study, 2018-2021
1.5 Unit Considered
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 2 Dairy Alternative Market: Research Design Chart
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
Figure 3 Expert Insights
2.1.2.2 Breakdown of Primary Interviews
Figure 4 Breakdown of Primary Interviews: by Value Chain, Designation, and Region
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3 Data Triangulation
Figure 7 Data Triangulation Methodology
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
Figure 8 Dairy Alternatives Market Snapshot, by Source, 2022 Vs. 2027
Figure 9 Dairy Alternative Market, by Application, 2022 Vs. 2027 (USD Million)
Figure 10 Dairy Alternative Market, by Distribution Channel, 2022 Vs. 2027 (USD Million)
Figure 11 Europe to Grow at the Highest CAGR (Value) in the Dairy Alternative Market
Figure 12 Dairy Alternative Market, by Region
4 Premium Insights
4.1 Attractive Opportunities in the Market
Figure 13 Rise in Demand due to Increasing Cases of Lactose Intolerance
4.2 Europe: Dairy Alternative Market, by Distribution Channel & Country
Figure 14 Supermarkets and France Accounted for the Largest Respective Shares in the European Market in 2021
4.3 Dairy Alternative Market, by Source
Figure 15 Soy-Based Alternatives to Dominate the Market During the Forecast Period
4.4 Dairy Alternative Market, by Application & Region
Figure 16 Asia-Pacific to Dominate Across Most Applications During the Forecast Period
4.5 Dairy Alternative Market, by Application
Figure 17 Dairy Alternatives for Milk to Dominate the Market During the Forecast Period
4.6 Dairy Alternative Market, by Formulation
Figure 18 Flavored Dairy Alternatives to Dominate the Market During the Forecast Period
4.7 Market for Dairy Alternatives , by Distribution Channel
Figure 19 Supermarkets to Dominate the Distribution During the Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in Consumer Preference for a Vegan Diet
Figure 21 UK: Fastest-Growing Takeaway Cuisines, 2016-2019
5.2.1.2 Nutritional Benefits Offered by Plant-Based Dairy Alternatives
5.2.1.3 Increase in Cases of Lactose Intolerance and Milk Allergies
Table 2 Lactose Content in Dairy Food Products
5.2.2 Restraints
5.2.2.1 Volatile Prices of Raw Materials
5.2.2.2 Allergy Concerns Among Consumers of Soy Products
5.2.3 Opportunities
5.2.3.1 Growth in Demand in Emerging Markets
5.2.3.2 Favorable Marketing and Correct Positioning of Dairy Alternatives
5.2.3.3 Changes in Lifestyles of Consumers
5.2.4 Challenges
5.2.4.1 Limited Availability of Raw Materials
5.2.4.2 Low Awareness Among Consumers
6 Industry Trends
6.1 Overview
6.2 Tariff and Regulatory Landscape
6.2.1 Codex Alimentarius Commission
6.2.2 Food and Drug Administration (Fda)
6.2.3 The Soyfoods Association of America
6.2.3.1 Classification of Soymilk
Table 3 Soymilk Composition
6.2.4 Food Standards Australia New Zealand (Fsanz)
Table 4 Some of the Mandatory Advisory Statements Given by Fsanz
6.2.5 European Court of Justice
Table 5 List of Key Regulatory Bodies for Dairy Alternatives
6.3 Patent Analysis
Figure 22 No of Patents Granted for Dairy Alternatives Market, 2011-2021
Figure 23 Market for Dairy Alternatives: Patent Analysis, by Jurisdiction, 2017-2021
Table 6 Recent Patents Granted with Respect to Dairy Alternatives
6.4 Value Chain Analysis
Figure 24 Value Chain Analysis
6.5 Trend/Disruption Impacting Buyers in the Market
Figure 25 Revenue Shift for the Dairy Alternative Market
6.6 Market Ecosystem
6.6.1 Dairy Alternatives: Ecosystem View
Table 7 Market for Dairy Alternatives: Ecosystem
Figure 26 Market Map
6.7 Technology Analysis
6.7.1 Wet Processing Method for Producing Dairy Alternative Milk
6.7.2 Dry Processing Method for Producing Dairy Alternative Milk
6.8 Porter's Five Forces Analysis
Table 8 Porter's Five Forces Analysis
6.8.1 Intensity of Competitive Rivalry
6.8.2 Bargaining Power of Suppliers
6.8.3 Bargaining Power of Buyers
6.8.4 Threat from Substitutes
6.8.5 Threat of New Entrants
6.9 Case Study Analysis
6.9.1 Use Case 1: Launch of Diary-Like Segment by Introducing Silk Nextmilk and So Delicious Wondermilk
6.9.2 Use Case 1: Blue Diamond Growers Partnered with Group Lala to Establish a Network in Mexico
6.10 Key Markets for Import/Export
6.10.1 Almonds
Table 9 Top Ten Importers and Exporters of Almonds, 2020 (Kt)
6.10.2 Soybeans
Table 10 Top Ten Importers and Exporters of Soybeans, 2020 (Kt)
6.10.3 Oats
Table 11 Top Ten Importers and Exporters of Oats, 2020 (Kt)
6.10.4 Rice
Table 12 Top Ten Importers and Exporters of Rice, 2020 (Kt)
6.10.5 Coconut
Table 13 Top Ten Importers and Exporters of Coconut, 2019 (Kt)
6.10.6 Hemp
Table 14 Top Ten Importers and Exporters of Hemp, 2020 (Kt)
6.11 Pricing Analysis: Market for Dairy Alternatives
Table 15 Global Dairy Alternatives Average Selling Price (ASP), by Application, (Usd/Liter)
Figure 27 Global Average Price of Raw Materials, 2015-2019 (Usd/Kg)
6.12 Key Conferences & Events
Table 16 Market for Dairy Alternatives: Detailed List of Conferences & Events, 2022-2023
6.13 Key Stakeholders & Buying Criteria
6.13.1 Key Stakeholders in the Buying Process
Table 17 Influence of Stakeholders in Buying Process for Top 3 Modes of Applications
6.13.2 Buying Criteria
Figure 28 Influence of Stakeholders in Buying Process for Top 3 Applications
Table 18 Key Buying Criteria for the Top 3 Sources
7 Dairy Alternatives Market, by Source
7.1 Introduction
Figure 29 Market for Dairy Alternatives , by Source, 2022 Vs. 2027 (USD Million)
Table 19 Market for Dairy Alternatives, by Source, 2016-2021 (USD Million)
Table 20 Market for Dairy Alternatives, by Source, 2022-2027 (USD Million)
7.2 Soy
7.2.1 Easy Availability and Acceptability of Soy-Based Products
Table 21 Soy-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 22 Soy-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.3 Almond
7.3.1 Rise in Demand and Availability of Blended Forms of Almond-Based Products
Table 23 Almond-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 24 Almond-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.4 Coconut
7.4.1 Promise of Properties of High Palatability and Nutrition of Coconut
Table 25 Coconut-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 26 Coconut-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.5 Rice
7.5.1 Low Risk of Allergies and Comparatively Lighter and Bland Taste of Rice-Derived Products
Table 27 Rice-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 28 Rice-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.6 Oats
7.6.1 Rich Nutritional Content of Oat-Derived Dairy Alternatives
Table 29 Oat-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 30 Oat-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.7 Hemp
7.7.1 Rise in Awareness of Health Benefits of Hemp-Based Dairy Alternatives Among Consumers
Table 31 Hemp-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 32 Hemp-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
7.8 Other Sources
Table 33 Nutritional Comparison of Key Commercially Available Plant-Based Milk Alternatives
Table 34 Functional Components of Plant-Based Milk Alternatives and Their Health Benefits
Table 35 Other Dairy Alternative Sources Market, by Region, 2016-2021 (USD Million)
Table 36 Other Dairy Alternative Sources Market, by Region, 2022-2027 (USD Million)
8 Dairy Alternatives Market, by Formulation
8.1 Introduction
Figure 30 Market for Dairy Alternatives , by Formulation, 2022 Vs. 2027 (USD Million)
Table 37 Market for Dairy Alternatives, by Formulation, 2016-2021 (USD Million)
Table 38 Market for Dairy Alternatives, by Formulation, 2022-2027 (USD Million)
8.2 Flavored
8.2.1 Growth in Demand for Palatable But Healthier Options
Table 39 Flavored Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 40 Flavored Dairy Alternative Market, by Region, 2022-2027 (USD Million)
8.3 Plain
8.3.1 Consumption of Plain Soy and Almond Products by Vegan and Lactose-Intolerant Population
Table 41 Plain Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 42 Plain Dairy Alternative Market, by Region, 2022-2027 (USD Million)
9 Dairy Alternatives Market, by Application
9.1 Introduction
Figure 31 Market for Dairy Alternatives , by Application, 2022 Vs. 2027 (USD Million)
Table 43 Market for Dairy Alternatives, by Application, 2016-2021 (USD Million)
Table 44 Market for Dairy Alternatives, by Application, 2022-2027 (USD Million)
9.2 Milk
9.2.1 Rise in Awareness About Health Benefits of Milk Alternatives
Table 45 Milk Alternatives Market, by Region, 2016-2021 (USD Million)
Table 46 Milk Alternatives Market, by Region, 2022-2027 (USD Million)
9.3 Ice Cream
9.3.1 Rise in Demand for Cholesterol- and Fat-Free Desserts
Table 47 Dairy Ice Cream Alternatives Market, by Region, 2016-2021 (USD Million)
Table 48 Dairy Ice Cream Alternatives Market, by Region, 2022-2027 (USD Million)
9.4 Yogurt
9.4.1 Demand for Dairy-Free and Fortified Yogurt
Table 49 Dairy Yogurt Alternatives Market, by Region, 2016-2021 (USD Million)
Table 50 Dairy Yogurt Alternatives Market, by Region, 2022-2027 (USD Million)
9.5 Cheese
9.5.1 Demand for Dairy-Free Spreadable and Non-Spreadable Cheese from Lactose-Intolerant Consumers
Table 51 Dairy Cheese Alternatives Market, by Region, 2016-2021 (USD Million)
Table 52 Dairy Cheese Alternatives Market, by Region, 2022-2027 (USD Million)
9.6 Creamers
9.6.1 Leading Manufacturers Invest in R&D to Meet the Growing Demand for Dairy-Free Creamers
Table 53 Dairy Creamer Alternatives Market, by Region, 2016-2021 (USD Million)
Table 54 Dairy Creamer Alternatives Market, by Region, 2022-2027 (USD Million)
9.7 Other Applications
Table 55 Other Applications Market, by Region, 2016-2021 (USD Million)
Table 56 Other Applications Market, by Region, 2022-2027 (USD Million)
10 Dairy Alternatives Market, by Distribution Channel
10.1 Introduction
Figure 32 Market for Dairy Alternatives , by Distribution Channel, 2022 Vs. 2027 (USD Million)
Table 57 Market for Dairy Alternatives, by Distribution Channel, 2016-2021 (USD Million)
Table 58 Market for Dairy Alternatives, by Distribution Channel, 2022-2027 (USD Million)
10.2 Supermarkets
10.2.1 Supermarkets are Most Preferred due to the Multiple Options Offered to Consumers
Table 59 Supermarket Distribution Market, by Region, 2016-2021 (USD Million)
Table 60 Supermarket Distribution Market, by Region, 2022-2027 (USD Million)
10.3 Health Food Stores
10.3.1 Health Benefits of Dairy Alternative Products Increase Sales Through Health Food Stores
Table 61 Health Food Store Distribution Market, by Region, 2016-2021 (USD Million)
Table 62 Health Food Store Distribution Market, by Region, 2022-2027 (USD Million)
10.4 Pharmacies
10.4.1 Rise in Health Issues and Prescriptions for Allergies Increase Sales Through Pharmacies
Table 63 Pharmacy Distribution Market, by Region, 2016-2021 (USD Million)
Table 64 Pharmacy Distribution Market, by Region, 2022-2027 (USD Million)
10.5 Convenience Stores
10.5.1 Easy Access and Convenience Lead to a Rise in Sales Through Convenience Stores
Table 65 Convenience Store Distribution Market, by Region, 2016-2021 (USD Million)
Table 66 Convenience Store Distribution Market, by Region, 2022-2027 (USD Million)
10.6 Online Stores
10.6.1 Sales Through Online Stores Offer Faster Accessibility and Cost-Effectiveness
Table 67 Online Store Distribution Market, by Region, 2016-2021 (USD Million)
Table 68 Online Store Distribution Market, by Region, 2022-2027 (USD Million)
10.7 Other Distribution Channels
Table 69 Other Distribution Channels Market, by Region, 2016-2021 (USD Million)
Table 70 Other Distribution Channels Market, by Region, 2022-2027 (USD Million)
11 Dairy Alternatives Market, by Brand
11.1 Introduction
11.2 Silk
11.3 Dream
11.4 Almond Breeze
11.5 Sunrich
11.6 So Good
11.7 So Delicious
11.8 Australia's Own Organic
11.9 Ecomil
11.1 Alpro
11.11 Edensoy
12 Dairy Alternatives Market, by Nutrient
12.1 Introduction
Table 71 Nutrient Content in Dairy Alternatives
12.2 Protein
12.3 Starch
12.4 Vitamins
12.5 Other Nutrients
13 Dairy Alternatives Market, by Region
13.1 Introduction
Figure 33 France to Record the Highest Growth Rate During the Forecast Period
Table 72 Market for Dairy Alternatives, by Region, 2016-2021 (USD Million)
Table 73 Market for Dairy Alternatives, by Region, 2022-2027 (USD Million)
Table 74 Market for Dairy Alternatives, by Region, 2016-2021 (Million Liters)
Table 75 Market for Dairy Alternatives, by Region, 2022-2027 (Million Liters)
13.2 North America
Table 76 North America: Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 77 North America: Market for Dairy Alternatives, by Country, 2022-2027 (USD Million)
Table 78 North America: Market, by Country, 2016-2021 (Million Liters)
Table 79 North America: Market, by Country, 2022-2027 (Million Liters)
Table 80 North America: Market, by Source, 2016-2021 (USD Million)
Table 81 North America: Market, by Source, 2022-2027 (USD Million)
Table 82 North America: Soy-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 83 North America: Soy-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 84 North America: Almond-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 85 North America: Almond-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 86 North America: Coconut-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 87 North America: Coconut-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 88 North America: Rice-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 89 North America: Rice-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 90 North America: Oat-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 91 North America: Oat-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 92 North America: Hemp-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 93 North America: Hemp-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 94 North America: Other Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 95 North America: Other Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 96 North America: Dairy Alternatives Market, by Formulation, 2016-2021 (USD Million)
Table 97 North America: Market, by Formulation, 2022-2027 (USD Million)
Table 98 North America: Market, by Application, 2016-2021 (USD Million)
Table 99 North America: Market, by Application, 2022-2027 (USD Million)
Table 100 North America: Market, by Distribution Channel, 2016-2021 (USD Million)
Table 101 North America: Market, by Distribution Channel, 2022-2027 (USD Million)
13.2.1 US
13.2.1.1 Presence of Big Players in the Us Dairy Alternative Market
Table 102 US: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 103 US: Market, by Source, 2022-2027 (USD Million)
13.2.2 Canada
13.2.2.1 Rise in Demand for Protein-Rich Dairy Substitutes in Canada
Table 104 Canada: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 105 Canada: Market, by Source, 2022-2027 (USD Million)
13.2.3 Mexico
13.2.3.1 Rise in Urbanization and Demand for Fortified Dairy-Free Products in Mexico
Table 106 Mexico: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 107 Mexico: Market, by Source, 2022-2027 (USD Million)
13.3 Europe
Figure 34 Europe: Dairy Alternative Market Snapshot
Table 108 Europe: Market, by Country, 2016-2021 (USD Million)
Table 109 Europe: Market, by Country, 2022-2027 (USD Million)
Table 110 Europe: Market, by Country, 2016-2021 (Million Liters)
Table 111 Europe: Market, by Country, 2022-2027 (Million Liters)
Table 112 Europe: Market, by Source, 2016-2021 (USD Million)
Table 113 Europe: Market, by Source, 2022-2027 (USD Million)
Table 114 Europe: Soy-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 115 Europe: Soy-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 116 Europe: Almond-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 117 Europe: Almond-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 118 Europe: Coconut-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 119 Europe: Coconut-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 120 Europe: Rice-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 121 Europe: Rice-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 122 Europe: Oat-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 123 Europe: Oat-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 124 Europe: Hemp-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 125 Europe: Hemp-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 126 Europe: Other Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 127 Europe: Other Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 128 Europe: Dairy Alternatives Market, by Formulation, 2016-2021 (USD Million)
Table 129 Europe: Market, by Formulation, 2022-2027 (USD Million)
Table 130 Europe: Market, by Application, 2016-2021 (USD Million)
Table 131 Europe: Market, by Application, 2022-2027 (USD Million)
Table 132 Europe: Market, by Distribution Channel, 2016-2021 (USD Million)
Table 133 Europe: Market, by Distribution Channel, 2022-2027 (USD Million)
13.3.1 Germany
13.3.1.1 Growth of the Plant-Based and Dairy Alternatives Industry in Germany
Table 134 Germany: Dairy Alternative Market, by Source, 2016-2021 (USD Million)
Table 135 Germany: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.3.2 UK
13.3.2.1 Consumer Inclination Toward Healthy Products is on the Rise in the UK
Table 136 UK: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 137 UK: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.3.3 France
13.3.3.1 Increase in Consumption of Soy-Based Products in France
Table 138 France: Dairy Alternative Market, by Source, 2016-2021 (USD Million)
Table 139 France: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.3.4 Italy
13.3.4.1 Large-Scale Consumption of Cheese in the Italian Cuisine
Table 140 Italy: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 141 Italy: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.3.5 Spain
13.3.5.1 Decline in Meat Consumption in Spain
Table 142 Spain: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 143 Spain: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.3.6 Rest of Europe
Table 144 Rest of Europe: Dairy Alternative Market, by Source, 2016-2021 (USD Million)
Table 145 Rest of Europe: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.4 Asia-Pacific
Figure 35 Asia-Pacific: Dairy Alternatives Market Snapshot
Table 146 Asia-Pacific: Dairy Alternative Market, by Country/Region, 2016-2021 (USD Million)
Table 147 Asia-Pacific: Market, by Country/Region, 2022-2027 (USD Million)
Table 148 Asia-Pacific: Market, by Country/Region, 2016-2021 (Million Liters)
Table 149 Asia-Pacific: Market, by Country/Region, 2022-2027 (Million Liters)
Table 150 Asia-Pacific: Market, by Source, 2016-2021 (USD Million)
Table 151 Asia-Pacific: Market, by Source, 2022-2027 (USD Million)
Table 152 Asia-Pacific: Soy-Derived Dairy Alternatives Market, by Country/Region, 2016-2021 (USD Million)
Table 153 Asia-Pacific: Soy-Derived Dairy Alternative Market, by Country/Region, 2022-2027 (USD Million)
Table 154 Asia-Pacific: Almond-Derived Dairy Alternatives Market Size, by Country/Region, 2016-2021 (USD Million)
Table 155 Asia-Pacific: Almond-Derived Dairy Alternative Market Size, by Country/Region, 2022-2027 (USD Million)
Table 156 Asia-Pacific: Coconut-Derived Dairy Alternative Market Size, by Country/Region, 2016-2021 (USD Million)
Table 157 Asia-Pacific: Coconut-Derived Dairy Alternative Market Size, by Country/Region, 2022-2027 (USD Million)
Table 158 Asia-Pacific: Rice-Derived Dairy Alternative Market, by Country/Region, 2016-2021 (USD Million)
Table 159 Asia-Pacific: Rice-Derived Dairy Alternative Market, by Country/Region, 2022-2027 (USD Million)
Table 160 Asia-Pacific: Oat-Derived Dairy Alternatives Market, by Country/Region, 2016-2021 (USD Million)
Table 161 Asia-Pacific: Oat-Derived Dairy Alternative Market, by Country/Region, 2022-2027 (USD Million)
Table 162 Asia-Pacific: Hemp-Derived Dairy Alternatives Market, by Country/Region, 2016-2021 (USD Million)
Table 163 Asia-Pacific: Hemp-Derived Dairy Alternative Market Size, by Country/Region, 2022-2027 (USD Million)
Table 164 Asia-Pacific: Other Dairy Alternative Market, by Country/Region, 2016-2021 (USD Million)
Table 165 Asia-Pacific: Other Dairy Alternative Market, by Country/Region, 2022-2027 (USD Million)
Table 166 Asia-Pacific: Dairy Alternatives Market, by Formulation, 2016-2021 (USD Million)
Table 167 Asia-Pacific: Market, by Formulation, 2022-2027 (USD Million)
Table 168 Asia-Pacific: Market, by Application, 2016-2021 (USD Million)
Table 169 Asia-Pacific: Market, by Application, 2022-2027 (USD Million)
Table 170 Asia-Pacific: Market, by Distribution Channel, 2016-2021 (USD Million)
Table 171 Asia-Pacific: Market, by Distribution Channel, 2022-2027 (USD Million)
13.4.1 China
13.4.1.1 Applications of Soy-Derived Dairy Alternatives in Various Chinese Cuisines
Table 172 China: Market for Dairy Alternatives , by Source, 2016-2021 (USD Million)
Table 173 China: Market, by Source, 2022-2027 (USD Million)
13.4.2 Japan
13.4.2.1 Rise in Demand for High-Protein Healthy Products in Japan
Table 174 Japan: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 175 Japan: Market, by Source, 2022-2027 (USD Million)
13.4.3 India
13.4.3.1 Growth in Demand for Dairy-Free Substitutes in Traditional Sweets in India
Table 176 India: Market for Dairy Alternatives , by Source, 2016-2021 (USD Million)
Table 177 India: Market, by Source, 2022-2027 (USD Million)
13.4.4 Australia & New Zealand
13.4.4.1 Rise in Trend Related to Nutritional Products in Australia & New Zealand
Table 178 Australia & New Zealand: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 179 Australia & New Zealand: Market, by Source, 2022-2027 (USD Million)
13.4.5 Rest of Asia-Pacific
Table 180 Rest of Asia-Pacific: Dairy Alternative Market, by Source, 2016-2021 (USD Million)
Table 181 Rest of Asia-Pacific: Market, by Source, 2022-2027 (USD Million)
13.5 South America
Table 182 South America: Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 183 South America: Market, by Region, 2022-2027 (USD Million)
Table 184 South America: Market, by Region, 2016-2021 (Million Liters)
Table 185 South America: Market, by Region, 2022-2027 (Million Liters)
Table 186 South America: Market, by Source, 2016-2021 (USD Million)
Table 187 South America: Market, by Source, 2022-2027 (USD Million)
Table 188 South America: Soy-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 189 South America: Soy-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 190 South America: Almond-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 191 South America: Almond-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 192 South America: Coconut-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 193 South America: Coconut-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 194 South America: Rice-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 195 South America: Rice-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 196 South America: Oat-Derived Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 197 South America: Oat-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 198 South America: Hemp-Derived Dairy Alternatives Market, by Country, 2016-2021 (USD Million)
Table 199 South America: Hemp-Derived Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 200 South America: Other Dairy Alternative Market, by Country, 2016-2021 (USD Million)
Table 201 South America: Other Dairy Alternative Market, by Country, 2022-2027 (USD Million)
Table 202 South America: Dairy Alternatives Market, by Formulation, 2016-2021 (USD Million)
Table 203 South America: Market, by Formulation, 2022-2027 (USD Million)
Table 204 South America: Market, by Application, 2016-2021 (USD Million)
Table 205 South America: Market, by Application, 2022-2027 (USD Million)
Table 206 South America: Market, by Distribution Channel, 2016-2021 (USD Million)
Table 207 South America: Market, by Distribution Channel, 2022-2027 (USD Million)
13.5.1 Brazil
13.5.1.1 Demand for Clean Labels and Rise in Soy Production in Brazil
Table 208 Brazil: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 209 Brazil: Market, by Source, 2022-2027 (USD Million)
13.5.2 Argentina
13.5.2.1 Large Local Soybean Production and Demand for Clean Label Products in Argentina
Table 210 Argentina: Dairy Alternative Market, by Source, 2016-2021 (USD Million)
Table 211 Argentina: Market, by Source, 2022-2027 (USD Million)
13.5.3 Rest of South America
Table 212 Rest of South America: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 213 Rest of South America: Market, by Source, 2022-2027 (USD Million)
13.6 Rest of the World (Row)
Table 214 RoW: Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 215 RoW: Market, by Region, 2022-2027 (USD Million)
Table 216 RoW: Market, by Region, 2016-2021 (Million Liters)
Table 217 RoW: Market, by Region, 2022-2027 (Million Liters)
Table 218 RoW: Market, by Source, 2016-2021 (USD Million)
Table 219 RoW: Market, by Source, 2022-2027 (USD Million)
Table 220 RoW: Soy-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 221 RoW: Soy-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 222 RoW: Almond-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 223 RoW: Almond-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 224 RoW: Coconut-Derived Dairy Alternative Market, by Region, 2016-2021 (USD Million)
Table 225 RoW: Coconut-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 226 RoW: Rice-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 227 RoW: Rice-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 228 RoW: Oat-Derived Dairy Alternative Market, by Region, 2016-2021 (USD Million)
Table 229 RoW: Oat-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 230 RoW: Hemp-Derived Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 231 RoW: Hemp-Derived Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 232 RoW: Other Dairy Alternatives Market, by Region, 2016-2021 (USD Million)
Table 233 RoW: Other Dairy Alternative Market, by Region, 2022-2027 (USD Million)
Table 234 RoW: Dairy Alternative Market, by Formulation, 2016-2021 (USD Million)
Table 235 RoW: Market, by Formulation, 2022-2027 (USD Million)
Table 236 RoW: Market, by Application, 2016-2021 (USD Million)
Table 237 RoW: Market, by Application, 2022-2027 (USD Million)
Table 238 RoW: Market, by Distribution Channel, 2016-2021 (USD Million)
Table 239 RoW: Market, by Distribution Channel, 2022-2027 (USD Million)
13.6.1 Middle East
13.6.1.1 High Spending Power and Presence of Health-Conscious Consumers in the Middle East
Table 240 Middle East: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 241 Middle East: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
13.6.2 Africa
13.6.2.1 Rise in Urbanization and Growth of the Retail Chain to Increase Demand for Dairy Alternatives in Africa
Table 242 Africa: Dairy Alternatives Market, by Source, 2016-2021 (USD Million)
Table 243 Africa: Dairy Alternative Market, by Source, 2022-2027 (USD Million)
14 Competitive Landscape
14.1 Overview
14.2 Market Share Analysis
Table 244 Dairy Alternative Market: Degree of Competition
14.3 Key Player Strategies
14.4 Historical Revenue Analysis of Key Players
Figure 36 Revenue Analysis of Key Players in the Market, 2019-2021 (USD Billion)
14.5 Company Evaluation Quadrant (Key Players)
14.5.1 Stars
14.5.2 Emerging Leaders
14.5.3 Pervasive Players
14.5.4 Participants
Figure 37 Dairy Alternative Market: Company Evaluation Quadrant, 2021 (Key Players)
14.6 Product Footprint
Table 245 Company Formulation Footprint
Table 246 Company Source Footprint
Table 247 Company Application Footprint
Table 248 Company Regional Footprint
Table 249 Company Overall Footprint
14.7 Startup/SME Evaluation Quadrant (Other Players)
14.7.1 Progressive Companies
14.7.2 Starting Blocks
14.7.3 Responsive Companies
14.7.4 Dynamic Companies
Table 250 Dairy Alternatives: Detailed List of Key Startup/SMEs
14.8 Competitive Benchmarking
Table 251 Dairy Alternatives: Competitive Benchmarking of Key Startup/SMEs for Source and Application
Table 252 Dairy Alternatives: Competitive Benchmarking of Key Startup/SMEs for Formulation and Region
Figure 38 Dairy Alternatives Market: Company Evaluation Quadrant, 2021 (Startup/SMEs)
14.9 Competitive Scenario
14.9.1 New Product Launches
Table 253 Market for Dairy Alternatives: New Product Launches, January 2019-November 2021
14.9.2 Deals
Table 254 Market for Dairy Alternatives: Deals, June 2018-October 2021
14.9.3 Others
Table 255 Market for Dairy Alternatives: Others, August 2021
15 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & Analyst's View)*
15.1 Key Players
15.1.1 Danone North America Public Benefit Corporation
Table 256 Danone North America Public Benefit Corporation: Business Overview
Figure 39 Danone North America Public Benefit Corporation: Company Snapshot
Table 257 Danone North America Public Benefit Corporation: New Product Launches
15.1.2 The Hain Celestial Group, Inc.
Table 258 The Hain Celestial Group, Inc.: Business Overview
Figure 40 The Hain Celestial Group, Inc.: Company Snapshot
15.1.3 Blue Diamond Growers
Table 259 Blue Diamond Growers: Business Overview
Figure 41 Blue Diamond Growers: Company Snapshot
Table 260 Blue Diamond Growers: New Product Launches
15.1.4 Sunopta
Table 261 Sunopta: Business Overview
Figure 42 Sunopta: Company Snapshot
Table 262 Dairy Alternatives Market: Deals
Table 263 Market for Dairy Alternatives: New Product Launches
Table 264 Market for Dairy Alternatives: Expansions
15.1.5 Freedom Foods Group Limited
Table 265 Freedom Foods Group Limited: Business Overview
Figure 43 Freedom Foods Group Limited: Company Snapshot
15.1.6 Sanitarium
Table 266 Sanitarium: Business Overview
15.1.7 Eden Foods, Inc.
Table 267 Eden Foods, Inc.: Business Overview
15.1.8 Nutriops, S.L.
Table 268 Nutriops, S.L.: Business Overview
15.1.9 Earth's Own Food Company Inc.
Table 269 Earth's Own Food Company Inc: Business Overview
Table 270 Earth's Own Food Company Inc: New Product Launches
15.1.10 Triballat Noyal
Table 271 Triballat Noyal: Business Overview
15.1.11 Valsoia S.P.A.
Table 272 Valsoia Spa.: Business Overview
Figure 44 Valsoia Spa: Company Snapshot
15.1.12 Panos Brands
Table 273 Panos Brands: Business Overview
Table 274 Panos Brands: New Product Launches
15.1.13 Green Spot Co. Ltd.
Table 275 Green Spot Co. Ltd.: Business Overview
15.1.14 Hiland Dairy
Table 276 Hiland Dairy: Business Overview
15.2 Startups/Smes/Other Players
15.2.1 Ripple Foods
Table 277 Ripple Foods: Business Overview
Table 278 Ripple Foods: New Product Launches
15.2.2 Kite Hill
Table 279 Kite Hill: Business Overview
Table 280 Kite Hill: New Product Launches
15.2.3 Wayfare
Table 281 Wayfare: Business Overview
15.2.4 Califia Farms
Table 282 Califia Farms: Business Overview
Table 283 Califia Farms: New Product Launches
15.2.5 Daiya Foods Inc.
Table 284 Daiya Foods Inc.: Business Overview
15.2.6 Pureharvest
Table 285 Pureharvest: Company Overview
15.2.7 One Good
Table 286 One Good: Company Overview
15.2.8 Vly
Table 287 Vly: Company Overview
15.2.9 Miyoko's Creamery
Table 288 Miyoko's Creamery: Company Overview
15.2.10 Oatly Inc.
Table 289 Oatly Inc.: Company Overview
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
16 Adjacent and Related Markets
16.1 Introduction
Table 290 Adjacent Markets to Dairy Alternatives
16.2 Limitations
16.3 Plant-Based Protein Market
16.3.1 Market Definition
16.3.2 Market Overview
Figure 45 Plant-Based Protein Market, 2017-2025 (USD Million)
Table 291 Plant-Based Protein Market, by Application, 2017-2025 (USD Million)
16.4 Almond Ingredients Market
16.4.1 Market Definition
16.4.2 Market Overview
Figure 46 Almond Ingredients Market, 2017-2025 (USD Million)
Table 292 Almond Ingredients Market, by Application, 2017-2025 (USD Million)
17 Appendix
17.1 Discussion Guide
17.2 Knowledge Store: The Subscription Portal
17.3 Available Customizations
  •  Blue Diamond Growers
  •  Califia Farms
  •  Daiya Foods Inc
  •  Danone North America Public Benefit Corporation
  •  Earth's Own Food Company Inc
  •  Eden Foods, Inc
  •  Freedom Foods Group Limited
  •  Green Spot Co Ltd
  •  Hiland Dairy
  •  Kite Hill
  •  Miyoko's Creamery
  •  Nutriops, SL
  •  Oatly Inc
  •  One Good
  •  Panos Brands
  •  Pureharvest
  •  Ripple Foods
  •  Sanitarium
  •  Sunopta
  •  The Hain Celestial Group, Inc
  •  Triballat Noyal
  •  Valsoia SPA
  •  Vly
  •  Wayfare

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