United States Dairy Alternatives Market Report and Forecast 2025-2034

United States Dairy Alternatives Market Size

The United States dairy alternatives market reached around USD 8.19 billion in 2023. The market is estimated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to attain nearly USD 16.44 billion by 2032.

United States Dairy Alternatives Market Outlook

Mimics of milk and milk products which are made of plant derivatives like almond, soy, coconut etc. have been witnessing substantial growth recently. A surge in lactose intolerance and dairy allergies across the country has propelled demand for plant-based alternatives, leading to the United States dairy alternatives market expansion.

The market has expanded and goes beyond just milk to include numerous products like ice cream, yoghurt, cream, and cheese, among others. Another factor driving the market is the increase in veganism, which is a diet where individuals only consume plant and plant-derived products. As of February 2023, 1.62 million people in the United States are vegan and this number is projected to rise in the future, further boosting the United States dairy alternatives market development.

The Rising Demand for Oat Milk Due to its Health Benefits is One of the Crucial United States Dairy Alternatives Market Trends

• Oats are expected to experience the highest growth, with a CAGR of 8.9%. The United States dairy alternatives market value is increasing amid the rising popularity of oat milk and its perceived health benefits, including lower environmental impact and suitability for those with allergies.

• Almond-based dairy alternatives follow closely with a CAGR of 8.6%, reflecting their wide acceptance and popularity in various products such as milk, yoghurt, and creamers. 

• Coconut-based products, growing at a CAGR of 8.3%, are expected to account for a significant portion of the United States dairy alternatives market share. Such products are favoured for their unique flavour and versatility in culinary applications. 

• Soy-based dairy alternatives, with a CAGR of 7.7%, remain a staple due to their high protein content and long-standing presence in the market. 

• Rice-based products, growing at a CAGR of 7.3%, appeal to consumers looking for hypoallergenic options. 

• As per the United States dairy alternatives market analysis, the 'Others' category, with a CAGR of 6.4%, includes various other plant-based dairy alternatives contributing to overall market growth at a slower pace.

The Growing Demand for Plant-Based Yoghurt Options is Driving the United States Dairy Alternatives Market Growth

• Yoghurt is expected to lead with the highest CAGR of 9.2% during the forecast period of 2024-2032. The increasing demand for plant-based yoghurt options that cater to health-conscious consumers and those with lactose intolerance is boosting the United States dairy alternatives market revenue.

• Milk alternatives follow closely with a CAGR of 8.6%, reflecting the growing popularity of plant-based milk as a staple in many households. 

• Ice cream alternatives, growing at a CAGR of 8.3%, are gaining traction due to the rising interest in vegan and lactose-free dessert options. 

• Cheese alternatives are estimated to grow at a CAGR of 7.7% during the forecast period of 2024-2032. Advancements in product formulation that improve taste and texture are propelling the United States dairy alternatives demand growth. 

• Creamers, growing at a CAGR of 7.3%, are increasingly popular for use in coffee and tea, catering to the expanding vegan and lactose-intolerant consumer base. 

• As per the United States dairy alternatives industry statistics, the 'Others' category, with a CAGR of 6.4%, includes various other dairy alternative products contributing to market growth at a slower pace.

United States Dairy Alternatives Market Regional Analysis

• The Far West region is expected to lead with the highest CAGR of 9.3%. A strong consumer preference for plant-based diets and the high availability of innovative dairy alternative products are creating lucrative United States dairy alternatives market opportunities. 

• The Rocky Mountain region follows with a CAGR of 8.7%, supported by increasing health consciousness and rising demand for lactose-free products. 

• The Southwest, with a CAGR of 8.3%, benefits from a diverse consumer base and growing awareness of the benefits of dairy alternatives. 

• The Southeast is estimated to grow at a CAGR of 8.0% during the forecast period of 2024-2032. The rising disposable incomes and increasing adoption of healthier lifestyle choices are shaping the United States dairy alternatives market dynamics and trends. 

• New England, with a CAGR of 7.5%, and the Mideast, with a CAGR of 6.9%, exhibit moderate growth driven by steady demand for dairy alternatives and strong retail distribution networks. 

• The United States dairy alternatives market regional statistics suggest that the Plains region, with a CAGR of 6.4%, and the Great Lakes region, with a CAGR of 6.0%, experience slower growth due to smaller market sizes and lower consumer awareness compared to other regions.

Key Questions Answered in This Report:

• How has the United States dairy alternatives market performed historically, and what are the growth expectations for the future?

• What are the primary factors influencing demand and growth in the United States dairy alternatives market?

• What are the key segments within the United States dairy alternatives market, and how are they expected to evolve over the forecast period?

• What are the major challenges and opportunities facing stakeholders in the United States dairy alternatives market?

• Who are the key players in the United States dairy alternatives market, and what strategies are they employing to maintain a competitive edge?

• What are the regulatory and policy factors influencing the United States dairy alternatives market globally or regionally?

• How competitive is the United States dairy alternatives market according to Porter's five forces analysis, including factors like the bargaining power of buyers and suppliers?

• What are the current trends shaping the United States dairy alternatives market landscape, and how are they expected to evolve in the future?

• How are technological advancements impacting the United States dairy alternatives market, and what role do innovation and R&D play in driving growth?

• What are the consumer preferences and buying behaviour trends influencing the United States dairy alternatives market?

• How sustainable are current growth rates in the United States dairy alternatives market, and what factors could potentially disrupt these trends?

• What are the regional dynamics within the United States dairy alternatives market, and how do they contribute to overall market growth?

• What are the economic factors influencing the United States dairy alternatives market, such as GDP growth, inflation rates, and currency fluctuations?

• How are demographic shifts, such as ageing populations or urbanization trends, affecting demand in the United States dairy alternatives market?

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States dairy alternatives market?

• What are the regulatory and legal frameworks impacting the United States dairy alternatives market globally or in key regions?

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States dairy alternatives market?

• What are the emerging market trends and niche opportunities within the United States dairy alternatives market that stakeholders should be aware of?

• How resilient is the United States dairy alternatives market to external shocks or disruptions, such as geopolitical tensions or natural disasters?

• What are the potential barriers to market entry and growth for new players in the United States dairy alternatives market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, and historical and current market trends, and forecasts the dynamics of the United States dairy alternatives market spanning from 2018 to 2032. 

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States dairy alternatives market.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States dairy alternatives market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States dairy alternatives market landscape.

Key Highlights of the Report