Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The global dairy alternatives market size reached US$ 28.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.
Dairy alternatives refer to various food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are derived from plant-based sources, such as nuts and seeds and are a rich source of essential nutrients, such as calcium, vitamins, minerals, iron, potassium and magnesium. They also have minimal levels of fat and calories and are usually consumed by individuals suffering from lactose intolerance. Rice, coconut, cashew, oat, almond and soymilk are the commonly available dairy alternatives. They aid in weight management, maintaining a healthy nervous system, red blood cell (RBC) levels and brain functioning.
Dairy Alternatives Market Trends:
The increasing prevalence of chronic medical ailments, such as diabetes, cardiovascular (CVD) and gastrointestinal diseases, along with the growing number of people with lactose intolerance, is one of the key factors driving the growth of the market. Rising awareness regarding the benefits of consuming dairy alternatives is projected to drive the dairy alternatives market further. In comparison to the traditionally used dairy products, these alternatives are easily digested and do not cause painful bloating and other gastric problems. Additionally, the emerging trend of veganism across the globe and various technological advancements in the production processes of these products, are also contributing to the market growth. For instance, manufacturers are utilizing ultra-high temperature (UHT) processing and enzymatic liquefaction processes to enhance the yield and nutritional content of the products. Other factors, including the availability of various sweetened, flavored and unsweetened variants, aggressive promotional activities by the manufacturers and rapid urbanization across the globe, are expected to drive the global dairy alternatives market in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy alternatives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, formulation, nutrient, distribution channel and product type.
Breakup by Source:
Almond
Soy
Oats
Hemp
Coconut
Rice
Others
Breakup by Formulation:
Plain
Sweetened
Unsweetened
Flavored
Sweetened
Unsweetened
Breakup by Nutrient:
Protein
Starch
Vitamin
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others
Breakup by Product Type:
Cheese
Creamers
Yogurt
Ice Creams
Milk
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Blue Diamond Growers, Döhler GmbH, Earth’s Own Food Company Inc., Eden Foods, Inc., Freedom Foods Group, Nutriops S.L, Organic Valley, PANOS brands, Sanitarium, SunOpta Inc., Hain Celestial Group, Inc., The Whitewave Foods Company (Danone North America), Triballat Noyal, and Valsoia S.p.A.
Key Questions Answered in This Report:
What was the size of the global dairy alternatives market in 2022?
What is the expected growth rate of the global dairy alternatives market during 2023-2028?
What has been the impact of COVID-19 on the global dairy alternatives market?
What are the key factors driving the global dairy alternatives market?
What is the breakup of the global dairy alternatives market based on the source?
What is the breakup of the global dairy alternatives market based on the formulation?
What is the breakup of the global dairy alternatives market based on the nutrient?
What is the breakup of the global dairy alternatives market based on the distribution channel?
What is the breakup of the global dairy alternatives market based on the product type?
What are the key regions in the global dairy alternatives market?
Who are the key players/companies in the global dairy alternatives market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Dairy Alternatives Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Source
- 6.1 Almond
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Soy
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Oats
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Hemp
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Coconut
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Rice
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 7 Market Breakup by Formulation
- 7.1 Plain
- 7.1.1 Market Trends
- 7.1.2 Major Types
- 7.1.2.1 Sweetened
- 7.1.2.2 Unsweetened
- 7.1.3 Market Forecast
- 7.2 Flavored
- 7.2.1 Market Trends
- 7.2.2 Major Types
- 7.2.2.1 Sweetened
- 7.2.2.2 Unsweetened
- 7.2.3 Market Forecast
- 8 Market Breakup by Nutrient
- 8.1 Protein
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Starch
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Vitamin
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Online Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by Product Type
- 10.1 Cheese
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Creamers
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Yogurt
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Ice Creams
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Milk
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Others
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 13.1 Overview
- 13.2 Inbound Logistics
- 13.3 Operations
- 13.4 Outbound Logistics
- 13.5 Marketing and Sales
- 13.6 End-Consumers
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 15.1 Key Price Indicators
- 15.2 Price Structure
- 15.3 Price Trends
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Blue Diamond Growers
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Döhler GmbH
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.3 Earth’s Own Food Company Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Eden Foods, Inc.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Freedom Foods Group
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Nutriops S.L.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Organic Valley
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Panos Brands
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Sanitarium
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 SunOpta Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Hain Celestial Group, Inc.
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 The Whitewave Foods Company (Danone North America)
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.13 Triballat Noyal
- 16.3.13.1 Company Overview
- 16.3.13.2 Product Portfolio
- 16.3.14 Valsoia SpA
- 16.3.14.1 Company Overview
- 16.3.14.2 Product Portfolio
- 16.3.14.3 Financials
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