Dairy Alternatives Market by Source (Almond, Soy, Oats, Hemp, Coconut, Rice and Others), Application (Cheese, Creamers, Yogurt, Ice Creams, Milk and Others), Formulation (Plain and Flavored) and Geography (North America, Europe, APAC and RoW)-Forecast up

Dairy Alternatives Market by Source (Almond, Soy, Oats, Hemp, Coconut, Rice and Others), Application (Cheese, Creamers, Yogurt, Ice Creams, Milk and Others), Formulation (Plain and Flavored) and Geography (North America, Europe, APAC and RoW)-Forecast up to 2028


Dairy alternatives are food and beverage products which are being taken as an alternative for dairy. These products are extracted from plants and are esteemed to be a very health substitute to dairy. Soy milk, coconut milk and almond milk are among the most common options for dairy alternatives across the world. Dairy alternatives are considered a healthy due to the existence of a various important vitamins and minerals. They are also less on fats, cholesterol and have zero concentration of lactose. Dairy alternatives have been very famous in the developed and emerging markets. This can be ascribed to the increasing prevalence of lactose intolerance and dairy allergies among the global population led to a rising demand for dairy-free alternatives. Dairy alternatives offered a suitable solution for individuals who could not consume traditional dairy products. A part from the driving factors, the instable prices of raw materials of the diary alternatives are hampering the market growth. The Dairy Alternatives Market is expected to grow at the rate of 12.5% CAGR by 2028.

Dairy Alternatives Market by Source
  • Almond
  • Soy
  • Oats
  • Hemp
  • Coconut
  • Rice
  • Others
Dairy Alternatives Market by Application
  • Cheese
  • Creamers
  • Yogurt
  • Ice Creams
  • Milk
  • Others
Dairy Alternatives Market by Formulation
  • Plain
  • Flavored
Dairy Alternatives Market by Geography
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
As per source segmentation, the diary alternatives market is divided into almond, soy, oats, hemp, coconut, rice and others. Among them the soy sourced dairy products are most popular since, the soy has a wide variety of milk products similar to the cow and buffalo milk. Moreover, the soy milk products contain more protein, vitamins, minerals, antioxidants and has low cholesterol compared to other sources and cow and buffalo milk.

Among the all applications, the milk is the major segment to have a maximum share in the market. Prioritizing to the health consumers are more concerned about choosing the beverages. The high demand for milk extracted from non dairy ingredients such as almond, coconut, soy and other non dairy ingredients is having has increasing rapidly owing to the health concerns associated to lactose intolerance and busy lifestyles of working middle-class people.

In terms of formulation, the market is segmented into plain and flavored. The plain segment has acquired a maximum share in the dairy alternatives market. This is due to increasing demand for plain unflavored milk increasing plain milk such as almond milk, coconut milk, soy milk and rice milk which are unsweetened and owing to increasing preference for low-calorie products in the 40 age population is boosting the demand for plain milk.

The geographical regions of dairy alternatives market are North America, Europe, Asia Pacific and Rest of the World. The Asia Pacific has the major contribution in the market share due to the drastic urbanization, diversification in diet, increase in the per capita income of the population are the factors driving the market in this region.

Furthermore, the significant factors stimulating the global dairy alternatives are dominance of plant-based milk alternatives, such as almond milk, soy milk, oat milk, coconut milk, and rice milk, dominated the dairy alternatives market. Consumers increasingly chose these plant-based options as substitutes for traditional cow's milk due to health, environmental, and ethical reasons.

The White Wave Foods Company, Blue Diamond Growers, Green Spot Co., Ltd, Freedom Foods Group Limited, Earth’s Own Food Company Inc., Hain Celestial, SunOpta, Ecomil, Sanitarium, Eden Foods Inc., Triballat Noyal, Valsoia SpA, Dohler, Panos Brands, Hiland Dairy, Ripple Foods and Califia Farms are the few notable companies of dairy alternatives market.

As a result, these dairy alternative products have crucial role in the daily life since, the milk and other milk products are very essential and have the major contribution in the protein supplements. Moreover, compared to the usual dairy products these products are less in cholesterol and more beneficial.
  • The report gives the overall perception of the market growth factors, and other factors which are positively and negatively impacting the market growth.
  • This study explains each and every segments and sub segments of the market and their contribution in the market growth.
  • Further this report gives the analysis of the forthcoming trends and preferences of the consumers of the market.
  • The in depth insights is offered about the key vendors of the market in terms of their dynamic strategies, new products launched and expansion of the business.


1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. PEST Analysis
3.2.2. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Evolution
4.2. Market Trends and Impact
4.3. Advantages/Disadvantages of Market
4.4. Regulatory Impact
4.5. Market Offerings
4.6. Market Segmentation
4.7. Market Dynamics
4.7.1. Drivers
4.7.2. Restraints
4.7.3. Opportunities
4.8. DRO - Impact Analysis
5. Source: Market Size & Analysis
5.1. Overview
5.2. Almond
5.3. Soy
5.4. Oats
5.5. Hemp
5.6. Coconut
5.7. Rice
5.8. Others
6. Application: Market Size & Analysis
6.1. Overview
6.2. Cheese
6.3. Creamers
6.4. Yogurt
6.5. Ice Creams
6.6. Milk
6.7. Others
7. Formulation: Market Size & Analysis
7.1. Overview
7.2. Plain
7.3. Flavored
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. The White Wave Foods Company
10.1.1. Overview
10.1.2. Product Offerings
10.1.3. Geographic Revenue
10.1.4. Business Units
10.1.5. Developments
10.1.6. Business Strategy
10.2. Blue Diamond Growers
10.2.1. Overview
10.2.2. Product Offerings
10.2.3. Geographic Revenue
10.2.4. Business Units
10.2.5. Developments
10.2.6. Business Strategy
10.3. Green Spot Co., Ltd
10.3.1. Overview
10.3.2. Product Offerings
10.3.3. Geographic Revenue
10.3.4. Business Units
10.3.5. Developments
10.3.6. Business Strategy
10.4. Freedom Foods Group Limited
10.4.1. Overview
10.4.2. Product Offerings
10.4.3. Geographic Revenue
10.4.4. Business Units
10.4.5. Developments
10.4.6. Business Strategy
10.5. Earth’s Own Food Company Inc
10.5.1. Overview
10.5.2. Product Offerings
10.5.3. Geographic Revenue
10.5.4. Business Units
10.5.5. Developments
10.5.6. Business Strategy
10.6. Hain Celestial
10.6.1. Overview
10.6.2. Product Offerings
10.6.3. Geographic Revenue
10.6.4. Business Units
10.6.5. Developments
10.6.6. Business Strategy
10.7. SunOpta
10.7.1. Overview
10.7.2. Product Offerings
10.7.3. Geographic Revenue
10.7.4. Business Units
10.7.5. Developments
10.7.6. Business Strategy
10.8. Ecomil
10.8.1. Overview
10.8.2. Product Offerings
10.8.3. Geographic Revenue
10.8.4. Business Units
10.8.5. Developments
10.8.6. Business Strategy
10.9. Sanitarium
10.9.1. Overview
10.9.2. Product Offerings
10.9.3. Geographic Revenue
10.9.4. Business Units
10.9.5. Developments
10.9.6. Business Strategy
10.10. Eden Foods Inc
10.10.1. Overview
10.10.2. Product Offerings
10.10.3. Geographic Revenue
10.10.4. Business Units
10.10.5. Developments
10.10.6. Business Strategy
11. Companies to Watch
11.1. Triballat Noyal
11.1.1. Overview
11.1.2. Market
11.1.3. Business Strategy
11.2. Valsoia SpA
11.2.1. Overview
11.2.2. Market
11.2.3. Business Strategy
11.3. Dohler
11.3.1. Overview
11.3.2. Market
11.3.3. Business Strategy
11.4. Panos Brands
11.4.1. Overview
11.4.2. Market
11.4.3. Business Strategy
11.5. Hiland Dairy
11.5.1. Overview
11.5.2. Market
11.5.3. Business Strategy
11.6. Ripple Foods
11.6.1. Overview
11.6.2. Market
11.6.3. Business Strategy
11.7. Califia Farms
11.7.1. Overview
11.7.2. Market
11.7.3. Business Strategy
12. Analyst Opinion
13. Annexure
13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
Abbreviations

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