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PUBLISHER: Grand View Research | PRODUCT CODE: 1552939
PUBLISHER: Grand View Research | PRODUCT CODE: 1552939
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
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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.
Product Code: GVR-1-68038-070-5
Table of Contents
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)
- 4.2.1. Soy
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)
- 5.1.1. Milk
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)
- 6.1.1. Supermarkets & Hypermarkets
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)
- 7.2.1. U.S.
- 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)
- 7.3.1. Germany
- 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)
- 7.4.1. China
- 7.5. Central & South America
- 7.5.1. Brazil
- 7.5.1.1. Brazil market estimates and forecast, 2018 - 2030 (USD Million)
- 7.5.1. Brazil
- 7.6. Middle East & Africa
- 7.6.1. South Africa
- 7.6.1.1. South Africa market estimates and forecast, 2018 - 2030 (USD Million)
- 7.6.1. South Africa
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.
Product Code: GVR-1-68038-070-5
List of Tables
- Table 1 Global soy-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 2 Global almond-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 3 Global coconut-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 4 Global rice-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 5 Global oat-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 6 Global others-based dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 7 Global milk alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 8 Global yogurt alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 9 Global ice-cream alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 10 Global cheese alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 11 Global creamers alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 12 Global others alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 13 Global dairy alternatives market estimates and forecasts, by supermarkets & hypermarkets, 2018 - 2030 (USD Million)
- Table 14 Global dairy alternatives market estimates and forecasts, by convenience stores, 2018 - 2030 (USD Million)
- Table 15 Global dairy alternatives market estimates and forecasts, by online stores, 2018 - 2030 (USD Million)
- Table 16 Global dairy alternatives market estimates and forecasts, by others, 2018 - 2030 (USD Million)
- Table 17 North America dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 18 North America dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 19 North America dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 20 North America dairy alternatives market estimates and forecasts, by distribution channel,2018 - 2030 (USD Million)
- Table 21 U.S. dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 22 U.S. dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 23 U.S. dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 24 U.S. dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 25 Canada dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 26 Canada dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 27 Canada dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 28 Canada dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 29 Mexico dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 30 Mexico dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 31 Mexico dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 32 Mexico dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 33 Europe dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 34 Europe dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 35 Europe dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 36 Europe dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 37 Germany dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 38 Germany dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 39 Germany dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 40 Germany dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 41 U.K. dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 42 U.K. dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 43 U.K. dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 44 U.K. dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 45 France dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 46 France dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 47 France dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 48 France dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 49 Spain dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 50 Spain dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 51 Spain dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 52 Spain dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 53 Italy dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 54 Italy dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 55 Italy dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 56 Italy dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 57 Asia Pacific dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 58 Asia Pacific dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 59 Asia Pacific dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 60 Asia Pacific dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 61 China dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 62 China dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 63 China dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 64 China dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 65 Japan dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 66 Japan dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 67 Japan dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 68 Japan dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 69 India dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 70 India dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 71 India dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 72 India dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 73 Australia dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 74 Australia dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 75 Australia dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 76 Australia dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 77 Central & South America dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 78 Central & South America dairy alternatives market estimates and forecasts, by source, 2018-2030 (USD Million)
- Table 79 Central & South America dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 80 Central & South America dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 81 Brazil dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 82 Brazil dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 83 Brazil dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 84 Brazil dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 85 Middle East & Africa dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 86 Middle East & Africa dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 87 Middle East & Africa dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 88 Middle East & Africa dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
- Table 89 South Africa dairy alternatives market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 90 South Africa dairy alternatives market estimates and forecasts, by source, 2018 - 2030 (USD Million)
- Table 91 South Africa dairy alternatives market estimates and forecasts, by product, 2018 - 2030 (USD Million)
- Table 92 South Africa dairy alternatives market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Dairy Alternatives Market Segmentation
- Fig. 2 Dairy alternatives market & revenue, 2018 - 2030 (USD Million)
- Fig. 3 Porter's Analysis
- Fig. 4 Supply Chain Implications
- Fig. 5 Raw Materials Analysis
- Fig. 6 Per Capita Consumption of Dairy Products, by Country
- Fig. 7 Porter's Analysis
- Fig. 8 PESTEL Analysis
- Fig. 9 Strategy Framework
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