Dairy Alternatives Market Size, Share & Trends Analysis Report By Source (Soy, Almond, Coconut, Rice, Oats, Others), By Product (Milk, Yogurt, Cheese, Ice-cream, Creamers, Others), By Distribution Channel, And Segment Forecasts, 2024 - 2030

Dairy Alternatives Market Size, Share & Trends Analysis Report By Source (Soy, Almond, Coconut, Rice, Oats, Others), By Product (Milk, Yogurt, Cheese, Ice-cream, Creamers, Others), By Distribution Channel, And Segment Forecasts, 2024 - 2030


Dairy Alternatives Market Growth & Trends

The global dairy alternatives market size is expected to reach USD 66.91 billion by 2030, is anticipated to grow at a CAGR of 12.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing occurrence in cases of milk allergies and lactose intolerances are expected to drive the demand further in the forecast period. Numerous food and beverage products are thus making use of the product to appeal to the growing consumer base that is opting for plant-based and others.

The increasing demand for vegan and vegetarian diets is one of the major drivers to the market. With the growing awareness about the benefits of plant-based diets, more consumers are opting for vegetarian and vegan food products. Consumers are also opting for alternate products as a means to cut back on calories consumed as dairy products generally contain a high number of calories. Consumers looking to lose weight have been increasingly substituting cow or buffalo milk with soy or almond milk. This, in turn, is expected to aid the growth of the market as the fitness-savvy consumer base is increasing across the globe.

Initiatives undertaken by manufacturers such as offering novel flavors, enriching with vitamin & mineral supplements, better quality, and attractive packaging are expected to have a positive impact on the industry over the forecast period. In 2022, numerous start-ups in the market received notable investments such as Remilk, Imagindairy, and Perfect Day which received USD 120 million, USD 13 million, and USD 350 million respectively in seed funding.

Dairy Alternatives Market Report Highlights
  • Based on source, in 2023, the soy segment dominated the market with a revenue share of over 35.0%. Soy milk is rich in nutrients and has a high protein content compared to other alternatives, which is expected to drive the segment over the forecast period. Soy milk has been traditionally used in the Asia Pacific region for centuries and is a part of numerous recipes, which is expected to keep the product demand consistently stable over the forecast period. It is used for the purpose of lowering obesity and blood cholesterol levels and reducing the risk of several postmenopausal issues, along with improving cardiovascular health, which, in turn, has made it a preferred supplement.
  • Based on product, the milk segment dominated the market in 2023 accounting for a share of 68.0%. In Europe, increasing demand for low-calorie content food, coupled with the rising popularity of plant-based nutritional products, is likely to augment the demand for the product over the forecast period. The milk product segment includes various new and innovative beverage options with dairy alternatives as a base ingredient. The manufacturers of beverages are introducing new products for higher market capitalization.
  • The Asia Pacific region dominated the market in 2023 with a market share of 45.0% 2023. Increasing cases of lactose intolerance and the rising health issues associated with harmful additives used in dairy products are anticipated to boost the demand for non-dairy products such as soy milk, almond milk, rice milk, and other alternatives in the region.
Please note The report will be delivered in 2-3 business days upon order notification.


Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. List of Secondary Sources
1.7. List of Primary Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Source outlook
2.2.2. Product outlook
2.2.3. Distribution Channel outlook
2.2.4. Regional outlook
2.3. Competitive Insights
Chapter 3. Dairy Alternatives Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Major Raw Material Trend Analysis
3.2.2. Manufacturing Trends
3.2.3. Sales Channel Analysis
3.3. Technology Framework
3.4. Regulatory Framework
3.5. Dairy Alternatives Market - Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. Business Environmental Tools Analysis: Dairy Alternatives Market
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTLE Analysis
3.7. Major Strategic Deals & Alliances
3.8. Market Strategies
Chapter 4. Dairy Alternatives Market: Source Estimates & Trend Analysis
4.1. Definitions and Scope
4.2. Dairy Alternatives market: Source Movement Analysis, 2023 & 2030
4.2.1. Soy
4.2.1.1. Market estimates and forecast 2018 to 2030, (USD Million)
4.2.2. Almond
4.2.2.1. Market estimates and forecast 2018 to 2030, (USD Million)
4.2.3. Coconut
4.2.3.1. Market estimates and forecast 2018 to 2030, (USD Million)
4.2.4. Rice
4.2.4.1. Market estimates and forecast 2018 to 2030, (USD Million)
4.2.5. Oats
4.2.5.1. Market estimates and forecast 2018 to 2030, (USD Million)
4.2.6. Others
4.2.6.1. Market estimates and forecast 2018 to 2030, (USD Million)
Chapter 5. Dairy Alternatives Market: Product Estimates & Trend Analysis
5.1. Dairy Alternatives Market: Product Movement Analysis, 2023 & 2030
5.1.1. Milk
5.1.1.1. Market estimates and forecast 2018 to 2030, (USD Million)
5.1.2. Yogurt
5.1.2.1. Market estimates and forecast 2018 to 2030, (USD Million)
5.1.3. Cheese
5.1.3.1. Market estimates and forecast 2018 to 2030, (USD Million)
5.1.4. Ice Cream
5.1.4.1. Market estimates and forecast 2018 to 2030, (USD Million)
5.1.5. Creamer
5.1.5.1. Market estimates and forecast 2018 to 2030, (USD Million)
5.1.6. Others
5.1.6.1. Market estimates and forecast 2018 to 2030, (USD Million)
Chapter 6. Dairy Alternatives Market: Distribution Channel Estimates & Trend Analysis
6.1. Dairy Alternatives market: Distribution Channel Movement Analysis, 2023 & 2030
6.1.1. Supermarkets & Hypermarkets
6.1.1.1. Market estimates and forecast 2018 to 2030, (USD Million)
6.1.2. Convenience Stores
6.1.2.1. Market estimates and forecast 2018 to 2030, (USD Million)
6.1.3. Online Retail
6.1.3.1. Market estimates and forecast 2018 to 2030, (USD Million)
6.1.4. Others
6.1.4.1. Market estimates and forecast 2018 to 2030, (USD Million)
Chapter 7. Dairy Alternatives Market: Regional Estimates & Trend Analysis
7.1. Dairy Alternatives market: Regional movement analysis, 2023 & 2030
7.2. North America
7.2.1. U.S.
7.2.1.1. U.S. market estimates and forecast, 2018 - 2030 (USD Million)
7.2.2. Canada
7.2.2.1. Canada market estimates and forecast, 2018 - 2030 (USD Million)
7.2.3. Mexico
7.2.3.1. Mexico market estimates and forecast, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Germany
7.3.1.1. Germany market estimates and forecast, 2018 - 2030 (USD Million)
7.3.2. Italy
7.3.2.1. Italy market estimates and forecast, 2018 - 2030 (USD Million)
7.3.3. France
7.3.3.1. France market estimates and forecast, 2018 - 2030 (USD Million)
7.3.4. U.K.
7.3.4.1. U.K. market estimates and forecast, 2018 - 2030 (USD Million)
7.3.5. Spain
7.3.5.1. Spain market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. China
7.4.1.1. China market estimates and forecast, 2018 - 2030 (USD Million)
7.4.2. Japan
7.4.2.1. Japan market estimates and forecast, 2018 - 2030 (USD Million)
7.4.3. India
7.4.3.1. India market estimates and forecast, 2018 - 2030 (USD Million)
7.4.4. Australia
7.4.4.1. Australia market estimates and forecast, 2018 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Brazil
7.5.1.1. Brazil market estimates and forecast, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. South Africa
7.6.1.1. South Africa market estimates and forecast, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
ADM
The Whitewave Foods Company
The Hain Celestial Group, Inc.
Daiya Foods Inc.
Eden Foods, Inc.
Nutriops, S.L.
Earth’s Own Food Company
SunOpta Inc.
Freedom Foods Group Ltd.
OATLY AB
Blue Diamond Growers
CP Kelco
Vitasoy International Holdings Limited
Organic Valley Family of Farms
Living Harvest Foods Inc.

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings