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Report Overview
The global dairy alternatives market reached a value of nearly USD 25.90 Billion in 2024. The market is assessed to grow at a CAGR of 13.40% during the forecast period of 2025-2034 to attain a value of around USD 91.08 Billion by 2034. The market is being driven by the growing health consciousness, the increasing trend of sustainability, product and flavour innovations, technological advancements, the rising prevalence of lactose intolerance, and the surging trend of healthy indulgence.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Dairy-free products are going mainstream due to the growing consumer demand for ethical, sustainable, and healthy food choices and rising concerns regarding dairy allergies and lactose intolerance. As per the Plant Based Foods Association (PBFA), plant-based milk accounted for 16% of all retail milk dollar sales in the United States in 2021, contributing to USD 105 million in growth. With plant-based milk gaining traction, traditional dairy brands such as Nestle are foraying into the dairy alternatives market and innovating in terms of nutritional value.
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Almond milk is gaining significant popularity due to its low-calorie, mild flavour, nutritional fortification, versatility, and ease of incorporation in both sweet and savoury food and beverages. Reportedly, almond milk dominated retail sales of plant-based milk, representing 77% of overall volume in 2021 in the US. The growing popularity of almond milk is prompting manufacturers to diversify their product lines and introduce new almond-based products.
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Key players are focusing on product innovation and developing dairy alternatives with varied textures, flavours, and nutritional content, catering to the diverse flavour and dietary preferences of customers. For instance, in May 2024, Califia Farms announced the launch of its new Cookies ‘N Crème Almond Creamer, combining smooth almond milk with the indulgent flavour of cookies and cream ice cream.
Compound Annual Growth Rate
Value in USD Billion
13.4%
2025-2034
Dairy Alternatives Market Outlook
*this image is indicative*
Global Dairy Alternatives Market Growth
With the dairy industry facing challenges like fluctuating prices, climate change, labour shortages, and evolving consumer demands, the demand for dairy alternatives made from coconut, soy, almond, and nuts, among others, is increasing. The high prevalence of lactose intolerance and the surging vegan population are also boosting the dairy alternatives market revenue. Reportedly, lactose intolerance is most prevalent in East Asian communities, with 70%-100% affected by this allergy.
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The rising trend of healthy indulgence is surging the use of dairy alternatives in snack foods, ice cream, and frozen yoghurt, among others. Moreover, the growing availability of dairy alternatives in different distribution channels like supermarkets, health stores, and online channels is aiding the dairy alternatives demand growth.
With customers increasingly demanding products with improved nutrition and taste, key players are incorporating solutions such as Bifidobacterium longum CECT7347 heat-treated postbiotic (HT-ES1) that can withstand harsh processing conditions like pasteurisation and high heat into dairy alternatives to improve their nutrition and flavour profiles. In the forecast period, the rising exploration of technologies such as 3D printing to create customised dairy alternatives, especially yoghurt and cheese, is anticipated to bolster the market development.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Key Trends and Recent Developments
Increasing health concerns; growing focus on sustainability; product and flavour innovations; and technological advancements are favouring the dairy alternatives market expansion.
Rising health concerns
The growing health consciousness and increasing awareness regarding the health risks associated with dairy such as lactose intolerance are driving the demand for dairy alternatives. Alternative milk beverages are low in saturated fats and cholesterol and are rich in essential nutrients such as minerals, vitamins, and antioxidants.
Increasing focus on sustainability
Sustainability has emerged as a key driver in influencing consumers’ choices, and dairy products are no exception. Traditional dairy production is associated with significant environmental impacts, including excessive land use and excessive greenhouse gas emissions. Hence, eco-conscious consumers, particularly millennials and Gen Z, are shifting to milk alternatives as they have a lower carbon and water footprint and require fewer resources.
Flavour and product innovations
The development of dairy alternatives with innovative flavour profiles such as coconut, vanilla, chocolate, and matcha is driving the market. In addition, key players are utilising new sources like hemp, macadamia, pea, and cashew for creating dairy alternatives with improved flavour and nutrition profiles, further driving the market.
Technological advancements
Advancements in technologies such as cell-based methodologies, computational biology, and precision fermentation aimed at enhancing the texture, flavour, and functionality of plant-based products are revolutionising the dairy alternatives market landscape. Improvements in extraction and processing technologies are also leading to the production of more homogenous and smoother dairy alternatives that mimic the consistency of their dairy-based counterparts, favouring the market expansion.
Global Dairy Alternatives Market Trends
With the growing trend of health and wellness, there is a rising demand for dairy alternatives fortified with omega-3 fatty acids, calcium, protein, and Vitamin D, among others. Dairy-free yoghurt with added flavouring, fruits, and live cultures is also witnessing a surge in popularity among health-conscious customers.
Advancements in flavour and texture formulations are expected to drive the development of dairy-free ice creams and frozen desserts made from ingredients like oats, soy, coconut, and almond, among others. In August 2024, innovative start-up 1.5 Degree introduced a wide range of plant-based frozen desserts and beverages, including flavoured milkshakes, cold coffee, gelato, and oat milk, amid the rising demand for dairy alternatives.
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Global Dairy Alternatives Industry Segmentation
The EMR’s report titled “Global Dairy Alternatives Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
- Soy
- Almond
- Coconut
- Rice
- Oats
- Hemp
- Others
Market Breakup by Formulation
- Plain
- Flavoured
Market Breakup by Application
- Milk
- Ice Creams
- Yogurt
- Cheese
- Creamers
- Others
Market Breakup by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Health Stores
- Online Retailers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Dairy Alternatives Market Share
As per the dairy alternatives market analysis, Europe is witnessing a high demand for dairy alternatives, driven by the increasing health concerns regarding the consumption of saturated fat. The rising awareness regarding animal cruelty and animal rights issues and the growing perception that plant-based foods are healthier than animal-based food products are further driving the regional market growth.
Meanwhile, in North American countries such as the United States, consumers prefer alternatives over traditional options due to health reasons like allergies or lactose intolerance. While older shoppers in the United States prefer alternatives to dairy due to health concerns like calories and cholesterol, younger consumers are looking to avoid milk products due to environmental and animal rights issues.
Conversely, the dairy alternatives market growth in the Asia Pacific is being fuelled by the high prevalence of lactose intolerance among the East Asian population, product innovations such as matcha-flavoured dairy alternatives, and the increasing demand for dairy-free snacks such as protein bars.
Competitive Landscape
Key dairy alternatives market players are fortifying dairy alternatives with added nutrients like omega-3 fatty acids, vitamin D, B12, and calcium to appeal to health-conscious consumers. Dairy alternatives companies are also focusing on sourcing ingredients sustainably and utilise recyclable and plant-based packaging amid the rising trend of sustainability.
Kerry Group Plc
Kerry Group Plc, headquartered in Ireland and established in 1972, is a prominent company that offers food, beverage, pharmaceutical, and biotechnology solutions. It also provides various plant-based dairy beverages while addressing flavour, texture, and stability challenges. The company is a pioneer in tackling global health challenges by reducing excessive salt and sugar consumption, eliminating harmful compounds in foods, and enhancing fibre intake.
The Döhler Group
The Döhler Group, headquartered in Darmstadt, Germany, is a leading producer, marketer, and provider of technology-driven natural ingredients, integrated solutions, and ingredient systems for the global beverage, food, and nutrition markets. Established in 1838, the company’s comprehensive product portfolio of natural ingredients ranges from natural colours, natural flavours, natural health ingredients, and plant-based ingredients.
Ripple Foods Inc.
Ripple Foods Inc., based in California, United States, and founded in 2014, is a leading plant-based dairy alternative company. The company harnesses the power of yellow peas to make sustainable and plant-based milk and other dairy alternatives. Its CO2 output is 80% lower than dairy and lower than almond milk, coconut and cashew milk.
Eden Foods, Inc
Eden Foods, Inc, founded in 1968, is a prominent natural food company and a leading provider of traditional, organic, and purifying food. Headquartered in Michigan, United States, the company tracks the environmental impact of its food upstream from suppliers, through company operations, and downstream, monitoring its social and environmental impacts.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the dairy alternatives market include Califia Farms LLC, Nestle S.A, Kite Hill, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, SunOpta, Inc., Daiya Foods Inc., The Archer-Daniels-Midland Company, Danone S.A. (SILK), The Hain Celestial Group, Inc., and Earth's Own Food Company Inc., among others.
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Dairy Alternatives Market Report Snapshots
Dairy Alternatives Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market reached an approximate value of USD 25.90 Billion.
The market is assessed to grow at a CAGR of 13.40% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 91.08 Billion by 2034.
The major drivers of the market include growing consumer awareness regarding lactose-free dairy products, increasing demand for natural and plant-based dairy products, and rising disposable incomes.
The key dairy alternatives market trends include rising popularity of vegan diets, increasing product development, and enhanced accessibility of dairy alternatives products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various sources of dairy alternatives in the market include soy, almond, coconut, rice, oats, and hemp, among others.
The significant formulations of dairy alternatives in the market are plain and flavoured.
The different applications of dairy alternatives in the market are milk, ice creams, yoghurt, cheese, and creamers, among others.
The leading distribution channels for dairy alternatives in the market are supermarkets/hypermarkets, convenience stores, health stores, and online retailers, among others.
The major players in the market, according to the report, are Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods Inc., Nestle S.A, Kite Hill, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, SunOpta, Inc., Daiya Foods Inc., The Archer-Daniels-Midland Company, Danone S.A. (SILK), The Hain Celestial Group, Inc., Eden Foods, Inc, and Earth's Own Food Company Inc., among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Source |
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| Breakup by Formulation |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
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