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Dairy Alternatives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 185 Pages Fortune Business Insights Pvt. Ltd. April, 2024 FOB18772804
Best Price Guarantee
Price from $4,850
Length 185 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date April, 2024
SKU FOB18772804

Dairy Alternatives Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Dairy Alternatives Market


The dairy alternatives market size was valued at USD 28.55 billion in 2023, and the market is now projected to grow from USD 32.38 billion in 2024 to USD 19.15 billion by 2032, exhibiting a CAGR of 13.81% during the forecast period of 2024-2032.

In 2020, the dairy alternatives market growth for dairy substitutes confirmed a minor dip, however the developing demand of dairy-loose objects. This is because new coronaviruses are spreading around the world. Several agencies had been impacted by using way of the lockdown that governments imposed in reaction to the COVID-19 pandemic an amazing manner to reduce community unfold of the virus. Reduced labor deliver, employee ability constraints, and supply chain disruptions have been a number of the elements that contributed to the market's slower development.

The market is usually driven via folks that are lactose intolerant. Lack of the enzyme lactase, which breaks down lactose, effects in lactose intolerance. Growing client issues approximately allergic reactions, hormones, and unethical animal husbandry techniques within the dairy organization are pushing clients inside the direction of plant-primarily based alternatives, specifically in the largest dairy product markets. Growing customer issues approximately allergies, hormones, and unethical animal husbandry techniques within the dairy enterprise are pushing customers in the direction of plant-primarily based options, especially in the largest dairy product markets.

In fact, plant-based totally milk is not a brand-new processed meals category with the aid of itself; in the 80’s, some of the enterprise's biggest names, such Oatly and Alpro, added comparable goods to the European marketplace. The robust appeal of plant-based totally additives and the increasing costs of acceptance of meat and dairy substitutes are the causes of the modern spike in call for dairy options, which has been accompanied via a fast boom within the last few years.

Comprehensive Analysis of Dairy Alternatives Market

The marketplace is segmented into soy, almond, coconut, rice, and oats, with soy milk being the clean leader due to its availability within the Asia Pacific marketplace. However, almond milk is predicted to grow quicker due to its low-calorie content material and enchantment to more youthful clients. The non-dairy revolution commenced with milk options, dominating the worldwide market because of favorable demand dynamics and growing capability for vegan beverages. Vegetable ice cream, cheese, and yogurt are expected to peer quicker boom charges. Mass merchandisers, such as supermarkets and hypermarkets, preserve the biggest market percentage because of their proximity, accessibility, and affordability. Plant-primarily based products are transitioning from meat or dairy options to comfort, and online stores are anticipated to make a contribution to the section's increase.

The Asia Pacific region lead the dairy alternatives market share by benefitting a market size of USD 14.97 billion in 2023 as the marketplace is pushed via a wonderful rise within the variety of cases of lactose intolerance and cow milk hypersensitive reactions that have been recorded.

The global dairy alternatives market is moderately consolidated, with key players like Danone S.A. (France), Archer-Daniels-Midland Company (U.S.), Blue Diamond Growers (U.S.), SunOpta, Joc: (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.) acquiring and merging to strengthen their positions amid declining dairy product popularity. Competitive intensity expected to enhance.

In February 2024 Califia Farms, an American plant-based totally milk corporation, released a creamy plant-based milk crafted from a mix of pea, chickpea, and fava bean protein that consists of nine essential vitamins and crucial amino acids.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 13.81% from 2024 to 2032

Unit Value (USD Billion)

Segmentation 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

Geography

North America (By Source, Product Type, Distribution Channel, and Country)

-U.S. (By Source)

-Canada (By Source)

-Mexico (By Source)

Europe (By Source, Product Type, Distribution Channel, and Country)

-Germany (By Source)

-U.K. (By Source)

-Spain (By Source)

-France (By Source)

-Italy (By Source)

-Netherlands (By Source)

-Rest of Europe (By Source)

Asia Pacific (By Source, Product Type, Distribution Channel, and Country)

-China (By Source)

-Japan (By Source)

-Australia (By Source)

-India (By Source)

-Rest of Asia Pacific (By Source)

South America (By Source, Product Type, Distribution Channel, and Country)

-Brazil (By Source)

-Argentina (By Source)

-Rest of South America (By Source)

Middle East and Africa (By Source, Product Type, Distribution Channel, and Country)

-South Africa (By Source)

-UAE (By Source)

-Rest of ME&A (By Source)


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview on the Parent/Related Market
4.2. Analysis on Global Plant-Milk Sector
4.3. Dairy Foods – Production and Consumption Trends
4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
4.5. Market Analysis and Insights (in Relation with COVID-19)
4.5.1. Impact of COVID-19 on the Market
4.5.2. Supply Chain Challenges due to the Pandemic
4.5.3. Potential Opportunities to Support the Market during the Global Crisis
5. Global Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Source (Value)
5.2.1.1. Soy
5.2.1.2. Almond
5.2.1.3. Coconut
5.2.1.4. Rice
5.2.1.5. Oats
5.2.1.6. Others
5.2.2. By Product Type (Value)
5.2.2.1. Non-dairy Milk
5.2.2.2. Butter
5.2.2.3. Cheeses
5.2.2.4. Yogurts
5.2.2.5. Ice Cream
5.2.2.6. Others
5.2.3. By Distribution Channel (Value)
5.2.3.1. Supermarkets/Hypermarkets
5.2.3.2. Convenience Stores
5.2.3.3. Online Retails
5.2.3.4. Others
5.2.4. By Region (Value)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Source (Value)
6.2.1.1. Soy
6.2.1.2. Almond
6.2.1.3. Coconut
6.2.1.4. Rice
6.2.1.5. Oats
6.2.1.6. Others
6.2.2. By Product Type (Value)
6.2.2.1. Non-dairy Milk
6.2.2.2. Butter
6.2.2.3. Cheeses
6.2.2.4. Yogurts
6.2.2.5. Ice Cream
6.2.2.6. Others
6.2.3. By Distribution Channel (Value)
6.2.3.1. Supermarkets/Hypermarkets
6.2.3.2. Convenience Stores
6.2.3.3. Online Retails
6.2.3.4. Others
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.1.1. By Source (Value)
6.2.4.1.1.1. Soy
6.2.4.1.1.2. Almond
6.2.4.1.1.3. Coconut
6.2.4.1.1.4. Rice
6.2.4.1.1.5. Oats
6.2.4.1.1.6. Others
6.2.4.2. Canada
6.2.4.2.1. By Source (Value)
6.2.4.2.1.1. Soy
6.2.4.2.1.2. Almond
6.2.4.2.1.3. Coconut
6.2.4.2.1.4. Rice
6.2.4.2.1.5. Oats
6.2.4.2.1.6. Others
6.2.4.3. Mexico
6.2.4.3.1. By Source (Value)
6.2.4.3.1.1. Soy
6.2.4.3.1.2. Almond
6.2.4.3.1.3. Coconut
6.2.4.3.1.4. Rice
6.2.4.3.1.5. Oats
6.2.4.3.1.6. Others
7. Europe Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Source (Value)
7.2.1.1. Soy
7.2.1.2. Almond
7.2.1.3. Coconut
7.2.1.4. Rice
7.2.1.5. Oats
7.2.1.6. Others
7.2.2. By Product Type (Value)
7.2.2.1. Non-dairy Milk
7.2.2.2. Butter
7.2.2.3. Cheeses
7.2.2.4. Yogurts
7.2.2.5. Ice Cream
7.2.2.6. Others
7.2.3. By Distribution Channel (Value)
7.2.3.1. Supermarkets/Hypermarkets
7.2.3.2. Convenience Stores
7.2.3.3. Online Retails
7.2.3.4. Others
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.1.1. By Source (Value)
7.2.4.1.1.1. Soy
7.2.4.1.1.2. Almond
7.2.4.1.1.3. Coconut
7.2.4.1.1.4. Rice
7.2.4.1.1.5. Oats
7.2.4.1.1.6. Others
7.2.4.2. U.K.
7.2.4.2.1. By Source (Value)
7.2.4.2.1.1. Soy
7.2.4.2.1.2. Almond
7.2.4.2.1.3. Coconut
7.2.4.2.1.4. Rice
7.2.4.2.1.5. Oats
7.2.4.2.1.6. Others
7.2.4.3. France
7.2.4.3.1. By Source (Value)
7.2.4.3.1.1. Soy
7.2.4.3.1.2. Almond
7.2.4.3.1.3. Coconut
7.2.4.3.1.4. Rice
7.2.4.3.1.5. Oats
7.2.4.3.1.6. Others
7.2.4.4. Spain
7.2.4.4.1. By Source (Value)
7.2.4.4.1.1. Soy
7.2.4.4.1.2. Almond
7.2.4.4.1.3. Coconut
7.2.4.4.1.4. Rice
7.2.4.4.1.5. Oats
7.2.4.4.1.6. Others
7.2.4.5. Italy
7.2.4.5.1. By Source (Value)
7.2.4.5.1.1. Soy
7.2.4.5.1.2. Almond
7.2.4.5.1.3. Coconut
7.2.4.5.1.4. Rice
7.2.4.5.1.5. Oats
7.2.4.5.1.6. Others
7.2.4.6. Netherlands
7.2.4.6.1. By Source (Value)
7.2.4.6.1.1. Soy
7.2.4.6.1.2. Almond
7.2.4.6.1.3. Coconut
7.2.4.6.1.4. Rice
7.2.4.6.1.5. Oats
7.2.4.6.1.6. Others
7.2.4.7. Rest of Europe
7.2.4.7.1. By Source (Value)
7.2.4.7.1.1. Soy
7.2.4.7.1.2. Almond
7.2.4.7.1.3. Coconut
7.2.4.7.1.4. Rice
7.2.4.7.1.5. Oats
7.2.4.7.1.6. Others
8. Asia-Pacific Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Source (Value)
8.2.1.1. Soy
8.2.1.2. Almond
8.2.1.3. Coconut
8.2.1.4. Rice
8.2.1.5. Oats
8.2.1.6. Others
8.2.2. By Product Type (Value)
8.2.2.1. Non-dairy Milk
8.2.2.2. Butter
8.2.2.3. Cheeses
8.2.2.4. Yogurts
8.2.2.5. Ice Cream
8.2.2.6. Others
8.2.3. By Distribution Channel (Value)
8.2.3.1. Supermarkets/Hypermarkets
8.2.3.2. Convenience Stores
8.2.3.3. Online Retails
8.2.3.4. Others
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Source (Value)
8.2.4.1.1.1. Soy
8.2.4.1.1.2. Almond
8.2.4.1.1.3. Coconut
8.2.4.1.1.4. Rice
8.2.4.1.1.5. Oats
8.2.4.1.1.6. Others
8.2.4.2. India
8.2.4.2.1. By Source (Value)
8.2.4.2.1.1. Soy
8.2.4.2.1.2. Almond
8.2.4.2.1.3. Coconut
8.2.4.2.1.4. Rice
8.2.4.2.1.5. Oats
8.2.4.2.1.6. Others
8.2.4.3. Japan
8.2.4.3.1. By Source (Value)
8.2.4.3.1.1. Soy
8.2.4.3.1.2. Almond
8.2.4.3.1.3. Coconut
8.2.4.3.1.4. Rice
8.2.4.3.1.5. Oats
8.2.4.3.1.6. Others
8.2.4.4. Australia
8.2.4.4.1. By Source (Value)
8.2.4.4.1.1. Soy
8.2.4.4.1.2. Almond
8.2.4.4.1.3. Coconut
8.2.4.4.1.4. Rice
8.2.4.4.1.5. Oats
8.2.4.4.1.6. Others
8.2.4.5. Rest of Asia-Pacific
8.2.4.5.1. By Source (Value)
8.2.4.5.1.1. Soy
8.2.4.5.1.2. Almond
8.2.4.5.1.3. Coconut
8.2.4.5.1.4. Rice
8.2.4.5.1.5. Oats
8.2.4.5.1.6. Others
9. South America Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Source (Value)
9.2.1.1. Soy
9.2.1.2. Almond
9.2.1.3. Coconut
9.2.1.4. Rice
9.2.1.5. Oats
9.2.1.6. Others
9.2.2. By Product Type (Value)
9.2.2.1. Non-dairy Milk
9.2.2.2. Butter
9.2.2.3. Cheeses
9.2.2.4. Yogurts
9.2.2.5. Ice Cream
9.2.2.6. Others
9.2.3. By Distribution Channel (Value)
9.2.3.1. Supermarkets/Hypermarkets
9.2.3.2. Convenience Stores
9.2.3.3. Online Retails
9.2.3.4. Others
9.2.4. By Country (Value)
9.2.4.1. Argentina
9.2.4.1.1. By Source (Value)
9.2.4.1.1.1. Soy
9.2.4.1.1.2. Almond
9.2.4.1.1.3. Coconut
9.2.4.1.1.4. Rice
9.2.4.1.1.5. Oats
9.2.4.1.1.6. Others
9.2.4.2. Brazil
9.2.4.2.1. By Source (Value)
9.2.4.2.1.1. Soy
9.2.4.2.1.2. Almond
9.2.4.2.1.3. Coconut
9.2.4.2.1.4. Rice
9.2.4.2.1.5. Oats
9.2.4.2.1.6. Others
9.2.4.3. Rest of South America
9.2.4.3.1. By Source (Value)
9.2.4.3.1.1. Soy
9.2.4.3.1.2. Almond
9.2.4.3.1.3. Coconut
9.2.4.3.1.4. Rice
9.2.4.3.1.5. Oats
9.2.4.3.1.6. Others
10. Middle East & Africa Dairy Alternatives Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Source (Value)
10.2.1.1. Soy
10.2.1.2. Almond
10.2.1.3. Coconut
10.2.1.4. Rice
10.2.1.5. Oats
10.2.1.6. Others
10.2.2. By Product Type (Value)
10.2.2.1. Non-dairy Milk
10.2.2.2. Butter
10.2.2.3. Cheeses
10.2.2.4. Yogurts
10.2.2.5. Ice Cream
10.2.2.6. Others
10.2.3. By Distribution Channel (Value)
10.2.3.1. Supermarkets/Hypermarkets
10.2.3.2. Convenience Stores
10.2.3.3. Online Retails
10.2.3.4. Others
10.2.4. By Country (Value)
10.2.4.1. UAE
10.2.4.1.1. By Source (Value)
10.2.4.1.1.1. Soy
10.2.4.1.1.2. Almond
10.2.4.1.1.3. Coconut
10.2.4.1.1.4. Rice
10.2.4.1.1.5. Oats
10.2.4.1.1.6. Others
10.2.4.2. South Africa
10.2.4.2.1. By Source (Value)
10.2.4.2.1.1. Soy
10.2.4.2.1.2. Almond
10.2.4.2.1.3. Coconut
10.2.4.2.1.4. Rice
10.2.4.2.1.5. Oats
10.2.4.2.1.6. Others
10.2.4.3. Rest of Middle East & Africa
10.2.4.3.1. By Source (Value)
10.2.4.3.1.1. Soy
10.2.4.3.1.2. Almond
10.2.4.3.1.3. Coconut
10.2.4.3.1.4. Rice
10.2.4.3.1.5. Oats
11. Others Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Dairy Alternatives Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Danone S.A.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent DevelopHouseholdts
12.2. Archer-Daniels-Midland Company
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent DevelopHouseholdts
12.3. Blue Diamond Growers
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent DevelopHouseholdts
12.4. SunOpta, Inc.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent DevelopHouseholdts
12.5. Vitasoy International Holdings Ltd
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent DevelopHouseholdts
12.6. Daiya Food, Inc.
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent DevelopHouseholdts
12.7. Goya Foods, Inc.
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent DevelopHouseholdts
12.8. Living Harvest Foods, Inc.
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent DevelopHouseholdts
12.9. Organic Valley
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent DevelopHouseholdts
12.10. Eden Foods, Inc.
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent DevelopHouseholdts

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