North America 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 - 203

North America 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 North America Dairy Alternatives Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,665.3 Kilo Tonnes, showcasing a growth of 10.2% (2019-2022).

These alternatives consist of foods and beverages that can be consumed instead of dairy. These plant-based alternatives are considered to be nutritious. Rice, soy, and almond milk are alternatives that enjoy significant popularity. These alternatives are considered healthy because of many essential vitamins and minerals. They are also low in fats and cholesterol and have zero lactose concentration. These alternatives have been prevalent in the mature and emerging market.

This can be attributed to a rise in the number of people allergic to dairy. Furthermore, health awareness and an increase in disposable income have aided the growth of the market. Moreover, introducing additional healthy ingredients by different market players is another factor that further drives the market's growth. However, fluctuating raw material prices and high costs are the major restraints for this market. In contrast, the introduction of new flavors and varieties of these alternatives and the increase in demand for such products by the vegan population is expected to generate growth prospects for the market.

According to the Canadian government, in 2021, retail sales of plant-based ready meals in Canada were valued at $US19.1 million. During 2022-2026, sales of plant-based ready meals are forecast to reach US$31.8 million in 2026. According to the same source, in 2021, retail sales of plant-based ready meals in the United States were valued at $US633.4 million; during the 2022-2026 period, sales of plant-based ready meals are forecast to reach US$976.7 million in 2026. Plant-based ready meals offer a convenient and time-saving solution for consumers with busy lifestyles. The ease of preparation and the availability of flavorful plant-based options cater to individuals looking for quick and nutritious meals. As a result, these aspects will boost the market growth in the coming years.

The US market dominated the North America Dairy Alternatives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,632.2 million by 2030. The Canada market is experiencing a CAGR of 13.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 12.1% 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 U.S., Mexico, Canada, and Rest of North America.

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)
  • US
  • Canada
  • Mexico
  • Rest of North America
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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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Dairy Alternatives Market, by Source
1.4.2 North America Dairy Alternatives Market, by Distribution Channel
1.4.3 North America Dairy Alternatives Market, by Product
1.4.4 North America Dairy Alternatives Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.5 Porter Five Forces Analysis
Chapter 5. North America Dairy Alternatives Market by Source
5.1 North America Soy Market by Country
5.2 North America Almond Market by Country
5.3 North America Coconut Market by Country
5.4 North America Oats Market by Country
5.5 North America Rice Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Dairy Alternatives Market by Distribution Channel
6.1 North America Supermarkets & Hypermarkets Market by Country
6.2 North America Convenience Stores Market by Country
6.3 North America Online Retail Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Dairy Alternatives Market by Product
7.1 North America Milk Market by Country
7.2 North America Yogurt Market by Country
7.3 North America Ice-cream Market by Country
7.4 North America Creamers Market by Country
7.5 North America Cheese Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Dairy Alternatives Market by Country
8.1 US Dairy Alternatives Market
8.1.1 US Dairy Alternatives Market by Source
8.1.2 US Dairy Alternatives Market by Distribution Channel
8.1.3 US Dairy Alternatives Market by Product
8.2 Canada Dairy Alternatives Market
8.2.1 Canada Dairy Alternatives Market by Source
8.2.2 Canada Dairy Alternatives Market by Distribution Channel
8.2.3 Canada Dairy Alternatives Market by Product
8.3 Mexico Dairy Alternatives Market
8.3.1 Mexico Dairy Alternatives Market by Source
8.3.2 Mexico Dairy Alternatives Market by Distribution Channel
8.3.3 Mexico Dairy Alternatives Market by Product
8.4 Rest of North America Dairy Alternatives Market
8.4.1 Rest of North America Dairy Alternatives Market by Source
8.4.2 Rest of North America Dairy Alternatives Market by Distribution Channel
8.4.3 Rest of North America Dairy Alternatives Market by Product
Chapter 9. Company Profiles
9.1 Earth’s Own Food Company Inc.
9.1.1 Company Overview
9.1.2 SWOT Analysis
9.2 PANOS Brands, LLC (Hammond, Kennedy, Whitney & Company, Inc.)
9.2.1 Company Overview
9.2.2 SWOT Analysis
9.3 Danone S.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Category and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Product Launches and Product Expansions:
9.3.4.2 Acquisition and Mergers:
9.3.5 SWOT Analysis
9.4 SunOpta, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Product Launches and Product Expansions:
9.4.4.3 Acquisition and Mergers:
9.5 Blue Diamond Growers, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Recent strategies and developments:
9.5.3.1 Partnerships, Collaborations, and Agreements:
9.5.3.2 Product Launches and Product Expansions:
9.5.4 SWOT Analysis
9.6 The Hain Celestial Group, Inc.
9.6.1 Company overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Archer Daniels Midland Company
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Geographical Expansions:
9.8 Eden Foods, Inc.
9.8.1 Company Overview
9.8.2 SWOT Analysis
9.9 Vitasoy International Holdings Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Product Launches and Product Expansions:
9.10. Kikkoman Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis

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