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Europe is witnessing rapid growth in the global market for dairy alternatives, driven by a rising preference for dairy product alternatives due to health-related reasons like the avoidance of saturated fat consumption. Animal cruelty and animal rights issues are also major reasons for the avoidance of traditional dairy products in Europe. In countries such as Spain, shoppers prefer alternatives to real dairy due to the growing perception that plant-based foods are healthier than animal-based food products.
Meanwhile, in North America, in countries such as the United States, consumers prefer alternatives over traditional options due to health reasons like allergies or lactose intolerance, which is bolstering the regional dairy alternatives market. 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. Almond-based dairy alternatives have a higher acceptance among American shoppers over other options, followed by coconut and soy milk as popular alternatives products to traditional dairy options.
Dairy Alternatives Market Size
Dairy Alternatives Market Analysis
Dairy Alternatives Market Regional Analysis
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dairy Alternatives Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Alternatives Historical Market (2018-2023)
8.3 Global Dairy Alternatives Market Forecast (2024-2032)
8.4 Global Dairy Alternatives Market by Source
8.4.1 Soy
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Almond
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Coconut
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Rice
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Oats
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Hemp
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global Dairy Alternatives Market by Formulation
8.5.1 Plain
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flavored
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Dairy Alternatives Market by Application
8.6.1 Milk
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Ice Creams
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Yoghurt
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Cheese
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Creamers
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Dairy Alternatives Market by Distribution Channel
8.7.1 Supermarkets/Hypermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Health Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online Retailers
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Dairy Alternatives Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Dairy Alternatives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Dairy Alternatives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Dairy Alternatives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Dairy Alternatives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Dairy Alternatives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Regional Price Analysis
16.1 North America Dairy Alternatives Source Price Trends and Forecast 2018-2028
16.1.1 Soy
16.1.2 Almond
16.1.3 Coconut
16.1.4 Rice
16.1.5 Oats
16.1.6 Hemp
16.2 Europe Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
16.2.1 Soy
16.2.2 Almond
16.2.3 Coconut
16.2.4 Rice
16.2.5 Oats
16.2.6 Hemp
16.3 Asia Pacific Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
16.3.1 Soy
16.3.2 Almond
16.3.3 Coconut
16.3.4 Rice
16.3.5 Oats
16.3.6 Hemp
16.4 Latin America Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
16.4.1 Soy
16.4.2 Almond
16.4.3 Coconut
16.4.4 Rice
16.4.5 Oats
16.4.6 Hemp
16.5 Middle East and Africa Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
16.5.1 Soy
16.5.2 Almond
16.5.3 Coconut
16.5.4 Rice
16.5.5 Oats
16.5.6 Hemp
17 Trade Data Analysis
17.1 Global Trade Analysis (2020): HS Code – 1201, 0802, 080119, 1002, 1004, 5302
17.2 Major Exporting Countries
17.2.1 By Value
17.2.2 By Volume
17.3 Major Importing Countries
17.3.1 By Value
17.3.2 By Volume
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Kerry Group Plc
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Califia Farms LLC
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 The Döhler Group
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Ripple Foods PBC
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Nestle S.A
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Kite Hill
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Elmhurst Milked Direct LLC
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Pacific Foods of Oregon, LLC
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 SunOpta, Inc.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Daiya Foods Inc.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 The Archer-Daniels-Midland Company
18.2.11.1 Company Overview
18.2.11.2 Product Portfolio
18.2.11.3 Demographic Reach and Achievements
18.2.11.4 Certifications
18.2.12 Danone S.A. (SILK)
18.2.12.1 Company Overview
18.2.12.2 Product Portfolio
18.2.12.3 Demographic Reach and Achievements
18.2.12.4 Certifications
18.2.13 The Hain Celestial Group, Inc.
18.2.13.1 Company Overview
18.2.13.2 Product Portfolio
18.2.13.3 Demographic Reach and Achievements
18.2.13.4 Certifications
18.2.14 Eden Foods, Inc
18.2.14.1 Company Overview
18.2.14.2 Product Portfolio
18.2.14.3 Demographic Reach and Achievements
18.2.14.4 Certifications
18.2.15 Earth's Own Food Company Inc.
18.2.15.1 Company Overview
18.2.15.2 Product Portfolio
18.2.15.3 Demographic Reach and Achievements
18.2.15.4 Certifications
18.3.16 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dairy Alternatives Market: Key Industry Highlights, 2018 and 2032
2. Global Dairy Alternatives Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Dairy Alternatives Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Dairy Alternatives Historical Market: Breakup by Formulation (USD Million), 2018-2023
5. Global Dairy Alternatives Market Forecast: Breakup by Formulation (USD Million), 2024-2032
6. Global Dairy Alternatives Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Dairy Alternatives Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Dairy Alternatives Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Dairy Alternatives Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Dairy Alternatives Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Dairy Alternatives Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Major Exporting Countries by Value
28. Major Importing Countries by Value
29. Major Exporting Countries by Volume
30. Major Importing Countries by Volume
31. Global Dairy Alternatives Market Structure
The global market for dairy alternatives attained a value of USD 22.84 billion in 2023.
The market is projected to grow at a CAGR of 13.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 48.6 billion by 2032.
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.
The global dairy alternatives market attained a value of USD 22.84 billion in 2023, driven by growing consumer awareness for plant-based substitutes in the market. Aided by the emerging trend of vegan diets, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13.4%. The market is projected to reach USD 48.6 billion in 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on sources, the market is segmented into soy, almond, coconut, rice, oats, and hemp, among others. On the basis of formulation, the market is bifurcated into plain and flavoured. By application, the market is divided into milk, ice creams, yoghurt, cheese, and creamers, among others. On the basis of distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, health stores, and online retailers, among others. The major regional markets for dairy alternatives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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