Dairy Alternatives

Dairy Alternatives

Global Dairy Alternatives Market to Reach US$75.3 Billion by 2030

The global market for Dairy Alternatives estimated at US$35.6 Billion in the year 2023, is expected to reach US$75.3 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2023-2030. Milk Application, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$34.5 Billion by the end of the analysis period. Growth in the Ice-Cream Application segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$9.2 Billion While China is Forecast to Grow at 15.1% CAGR

The Dairy Alternatives market in the U.S. is estimated at US$9.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.3 Billion by the year 2030 trailing a CAGR of 15.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.5% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Global Dairy Alternatives Market - Key Trends and Drivers Summarized

What Are the Emerging Trends in Dairy Alternatives?

The dairy alternatives market is experiencing rapid growth, fueled by increasing consumer awareness of lactose intolerance, dietary restrictions, and ethical concerns regarding animal welfare. Plant-based milk, cheese, yogurt, and ice cream made from almonds, soy, oats, and coconut are gaining popularity not only among vegans but also among mainstream consumers looking for healthier, sustainable options. Innovations in flavor, texture, and nutritional content are making these alternatives more appealing. Additionally, the development of fermentation-based dairy alternatives, which aim to replicate the taste and nutritional benefits of traditional dairy without the use of animal products, is a burgeoning area of interest.

What Challenges Do Dairy Alternative Producers Face?

Producers of dairy alternatives face several challenges, including regulatory hurdles, particularly with labeling and the definition of "milk" and "cheese." Nutritional balancing is also crucial, as many consumers seek dairy alternatives not just for ethical reasons but also for health benefits, which means products need to be fortified with calcium, vitamins, and other nutrients typically found in cow`s milk. There is also the challenge of achieving taste and texture parity with traditional dairy products, which is essential for wider consumer acceptance.

How Is Innovation Driving the Dairy Alternatives Sector?

Innovation is key to the expansion of the dairy alternatives sector. Advances in food science and technology are allowing producers to improve the taste, texture, and nutritional profile of plant-based dairy products. For instance, the use of protein isolation and blending techniques has improved the mouthfeel and flavor of plant-based milks, making them more comparable to dairy milk. Additionally, fermentation processes are being explored to develop dairy-like products that can offer the probiotic benefits of traditional yogurts without any dairy content. These technological advancements are crucial for meeting consumer expectations and expanding the market reach of dairy alternatives.

What Drives the Growth in the Dairy Alternatives Market?

The growth in the dairy alternatives market is driven by several factors, including the increasing prevalence of lactose intolerance and milk allergies, growing vegan and flexitarian populations, and rising consumer awareness about animal welfare and environmental issues. Technological advancements that improve the sensory attributes and nutritional values of dairy-free products are also significant contributors to market growth. Additionally, the expansion of distribution channels and the increasing availability of these products in mainstream grocery stores, cafes, and restaurants around the world are making it easier for consumers to access and adopt dairy alternatives. The integration of dairy-free options into traditional dairy-consuming cultures, coupled with aggressive marketing and consumer education campaigns, is further bolstering the market`s expansion.

Select Competitors (Total 66 Featured) -

• Blue Diamond Growers
• Dohler GmbH
• Earth's Own Food Company Inc.
• Eden Foods, Inc.
• Freedom Foods Group Limited
• Nutriops, S.L
• Organic Valley Family of Farms
• PANOS Brands
• Sanitarium Health and Wellbeing Company
• SunOpta, Inc.
• The Hain Celestial Group, Inc.
• The WhiteWave Foods Company
• Triballat Noyal
• Valsoia S.P.A

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