Global Dairy Alternatives Market Size Study & Forecast, by Source (Soy, Almond, Coconut, Rice, Oats, Others), by Product Type (Non-dairy Milk, Butter, Cheeses, Yogurts, Ice Cream, Others), by Distribution Channel (Supermarkets/Hypermarkets, Convenience St

Global Dairy Alternatives Market Size Study & Forecast, by Source (Soy, Almond, Coconut, Rice, Oats, Others), by Product Type (Non-dairy Milk, Butter, Cheeses, Yogurts, Ice Cream, Others), by Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Others), and Regional Analysis, 2023-2030

Global Dairy Alternatives Market is valued at approximately USD 25.19 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.63% over the forecast period 2023-2030. Dairy alternatives are substitute products used in place of traditional dairy items such as milk, cheese, yogurt, and butter. The recent surge in demand for non-dairy options or dairy alternatives is primarily driven by the increasing popularity of plant-based milk substitutes. These vegan milk products consist of plant extracts dissolved and dispersed in water as a base. Manufacturers employ two primary processing techniques: homogenization and thermal treatments to enhance their suspension and stability. Plant-based milk, often positioned as a healthy, sustainable, and animal-friendly choice, takes a prominent role in the non-dairy sector. These alternative products are primarily derived from legumes, nuts, or grains, ingredients widely recognized by consumers in both developed and developing economies. Furthermore, the growing adoption of dietary lifestyles such as veganism and flexitarianism is contributing to the rising demand for plant-based milk and related products. According to the latest data from the World Animal Foundation, the global vegan population has reached a remarkable milestone, with nearly 79 million individuals embracing a vegan lifestyle as of 2023.

Additionally, the rise in incidences of lactose intolerance is acting as a catalyzing factor for market growth across the globe. According to Procon.ORG, in 2020, in the United States, the prevalence of lactose intolerance was recorded at 36% of the overall global population. Similarly, Canada accounts 59% of the total population. Thus, these aforementioned factors are propelling the growth of the Dairy Alternatives Market during the estimated period. Lactose intolerance is a condition that result in difficulty digesting lactose, the sugar found in milk and dairy products. As awareness of lactose intolerance grows, more people seek dairy alternatives to consume dairy-like products. Thus, this increased demand for lactose-free options drives the growth of the Dairy Alternatives Market. Moreover, the growing awareness of the health benefits of dairy alternatives, as well as the increasing availability of dairy alternatives present various lucrative opportunities over the forecast years. However, the fluctuating prices of raw materials and high cost compared to traditional dairy products are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Dairy Alternatives Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America dominated the market in 2022 owing to the a substantial increase in reported cases of cow milk allergies and lactose intolerance. Additionally, concerns about calorie intake and a higher incidence of hypercholesterolemia and obesity are leading consumers to shift toward vegan diets, embracing alternatives to dairy alternatives. Whereas, Europe is expected to grow at a significant CAGR over the forecast years due to the increasing appetite for health-conscious food and beverage choices. Dairy alternative beverages are becoming popular substitutes for traditional dairy drinks. Companies in the European market are actively engaged in innovating new products, such as soy-based juice blends and freshly prepared soy beverages, which are significantly propelling the market demand across the region.

Major market players included in this report are:
Danone S.A. (France)
Archer-Daniels-Midland Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta, Inc. (Canada)
Vitasoy International Holdings Ltd (Hong Kong)
Daiya Food, Inc. (Canada)
Goya Foods, Inc. (U.S.)
Living Harvest Foods, Inc. (India)
Organic Valley (U.S.)
Eden Foods, Inc. (U.S.)

Recent Developments in the Market:
 In June 2022, Strive Nutrition Corp., a manufacturer of plant-based beverages, partnered with Perfect Day to introduce a new line of milk substitutes. The Perfect Day brand of animal-free whey protein has been added to this new line of products.
 In April 2022, Wicked Foods, Inc., a manufacturer of plant-based foods, declared the introduction of its new line of plant-based ice creams and novelty items, which is a first-to-market product launched in the U.S.
 In January 2022, Chobani LLC announced the launch of a novel line of non-GMO, artificial flavor- and sweetener-free plant-based coffee creamers in four varieties.

Global Dairy Alternatives Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Source, Product Type, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:
Soy
Almond
Coconut
Rice
Oats
Others

By Product Type:
Non-dairy Milk
Butter
Cheeses
Yogurts
Ice Cream
Others

By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Danone S.A. (France)
Archer-Daniels-Midland Company (U.S.)
Blue Diamond Growers (U.S.)
SunOpta, Inc. (Canada)
Vitasoy International Holdings Ltd (Hong Kong)
Daiya Food, Inc. (Canada)
Goya Foods, Inc. (U.S.)
Living Harvest Foods, Inc. (India)
Organic Valley (U.S.)
Eden Foods, Inc. (U.S.)

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