Europe Dairy Alternatives Market Size, Share & Industry Trends Analysis Report By Source (Soy, Almond, Coconut, Oats, Rice), By Distribution Channel, By Product (Milk, Yogurt, Ice-cream, Creamers, Cheese), By Country and Growth Forecast, 2023 - 2030

Europe Dairy Alternatives Market Size, Share & Industry Trends Analysis Report By Source (Soy, Almond, Coconut, Oats, Rice), By Distribution Channel, By Product (Milk, Yogurt, Ice-cream, Creamers, Cheese), By Country and Growth Forecast, 2023 - 2030

The Europe Dairy Alternatives Market would witness market growth of 10.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 1,342.4 Kilo Tonnes, showcasing a growth of 10.3% (2019-2022).

The market is experiencing significant growth and elevated demand due to transforming consumer dietary habits and trends. The increasing numbers of lactose intolerance and milk allergies will fuel demand growth throughout the forecast period. As a result, many food and beverage items are incorporating ingredients to appeal to consumers who prefer plant-based and other of these alternatives. One of the primary factors propelling the market is the increasing awareness of health and wellness. Plant-based milk, such as almonds, soy, and oats, are often seen as low in saturated fat, cholesterol-free, and rich in essential nutrients, making them attractive choices for health-conscious individuals.

Plant-based milk options provide a viable solution for those who experience discomfort or adverse reactions after consuming dairy products. As a result, consumers are exploring alternatives that meet their nutritional needs and align with their dietary restrictions. Concerns about the environmental impact of conventional dairy production have driven consumers to seek more sustainable choices. The dairy industry is associated with significant water usage, greenhouse gas emissions, and land exploitation. On the other hand, plant-based alternatives often have a lower environmental footprint, making them an attractive choice for environmentally conscious customers looking to reduce their ecological impact.

According to Germany Trade and Invest, plant-based milk alternatives are experiencing dynamic growth in Germany, with a sales value of EUR 396 million in 2020. Germany is home to a strong community of around 3.3. million consumers who buy lactose-free dairy products regularly. Investments and partnerships between local and international food and beverage companies in Germany contribute to the growth of the market. These collaborations often bring about increased product availability and innovation. The availability of diverse alternatives allows consumers to explore different flavors and textures. Therefore, the factors mentioned above will propel the market growth in this region.

The Germany market dominated the Europe Dairy Alternatives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,022.8 million by 2030. The UK market is exhibiting a CAGR of 9.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 11.8% during (2023 - 2030).

Based on Source, the market is segmented into Soy, Almond, Coconut, Oats, Rice, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others. Based on Product, the market is segmented into Milk, Yogurt, Ice-cream, Creamers, Cheese, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone, S.A., SunOpta, Inc., Blue Diamond Growers, Inc., The Hain Celestial Group, Inc., Earth’s Own Food Company Inc., PANOS Brands, LLC (Hammond, Kennedy, Whitney & Company, Inc.), Archer Daniels Midland Company, Eden Foods, Inc., Vitasoy International Holdings Ltd. and Kikkoman Corporation

Scope of the Study

Market Segments covered in the Report:

By Source (Volume, Kilo Tonnes, Revenue, USD Billion, 2019-2030)

• Soy
• Almond
• Coconut
• Oats
• Rice
• Others

By Distribution Channel (Volume, Kilo Tonnes, Revenue, USD Billion, 2019-2030)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online Retail
• Others

By Product (Volume, Kilo Tonnes, Revenue, USD Billion, 2019-2030)

• Milk
• Yogurt
• Ice-cream
• Creamers
• Cheese
• Others

By Country (Volume, Kilo Tonnes, Revenue, USD Billion, 2019-2030)

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe

Companies Profiled

• Danone, S.A.
• SunOpta, Inc.
• Blue Diamond Growers, Inc.
• The Hain Celestial Group, Inc.
• Earth’s Own Food Company Inc.
• PANOS Brands, LLC (Hammond, Kennedy, Whitney & Company, Inc.)
• Archer Daniels Midland Company
• Eden Foods, Inc.
• Vitasoy International Holdings Ltd.
• Kikkoman Corporation

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