Dairy Alternatives Market

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Rice, Oats, Hemp), Application (Milk, Cheese, Yogurt, Ice Creams, Creamers), Distribution Channel (Supermarkets, Health Stores, Pharmacies), Formulation and Region – Global Forecast to 2023

Report Code: FB 1142 Jan, 2019, by marketsandmarkets.com

[188 Pages Report] The dairy alternatives market is projected to grow from USD 17.3 billion in 2018 to USD 29.6 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. This is attributed to the nutritional benefits offered by plant-based dairy alternatives. They offer various nutritional benefits such as reduced cholesterol level, improved cardiovascular health, and diabetes control. These benefits have led to an increase in their consumption. Thus, these alternatives are catering to the demand for various dairy alternative products among global consumers.

Dairy Alternatives Market

Market Dynamics of Dairy Alternatives Market

Growing consumer preference for a vegan diet

Several consumers perceive a vegan diet to be healthy and prefer consuming dairy alternatives such as soy milk, almond milk, rice milk, and other plant-based milk as a substitute for dairy milk. Vegan diet followers and adopters of a healthy diet are the primary consumers of dairy alternatives that have propelled market growth.

Rising awareness among consumers about the benefits offered by a vegan diet is one of the major factors propelling the demand of dairy alternative products across the world. A substantial increase in the vegan population has been seen in many major economies such as the US and the UK.

Volatile prices of raw materials proving a restraint

Though most dairy alternatives are similar to dairy milk in terms of texture and taste, the price of dairy milk is relatively low than that of its alternatives. The dairy industry in most countries operates in an organized structure and has a lower rate of turnover tax, which reduces the product price. The dairy industry receives subsidies that benefit the growth of this sector.

The price of dairy alternatives, on the other hand, depends on the supply of raw materials, which is why there are price fluctuations. Oat milk and several other dairy alternatives face the problem of raw material unavailability, because of which prices increase. This price volatility stands as one of the biggest limitations for growth in dairy alternative beverage sales.

Favorable marketing and correct positioning of dairy alternatives

The sales of dairy alternatives can be increased by adopting marketing strategies such as diversification and segmentation. The objective is to create more demand among consumers such as lactose intolerants, trainers, health-conscious consumers, and vegans. It is also crucial to position the product at the right place through the right sales channel.

Companies need to focus on this criterion to sustain in the market and increase their sales. They need to accurately position themselves by expanding customer relationships and extending their reach, globally. Appropriate labeling can further accelerate market growth. The North American and European dairy alternatives markets relatively emphasize the labeling criterion. This trend is expected to be followed by the Asia Pacific region, leading to market growth.

Limited awareness amongst consumers

There is limited awareness about the nutritional benefits of dairy substitutes, which pose a challenge for the growth of this market. Some dairy consumers feel that the nutritional content in dairy alternatives are lower than cow’s milk and contain lower content of essential nutrients.

Such misconceptions are more prevalent among consumers in underdeveloped and developing countries due to their lack of knowledge about the nutrition provided by dairy alternative products as well as the lack of efforts that are put to educate them. However, with the right marketing of plant-based beverages and by educating customers about the health benefits of these products, this challenge can be overcome.

The milk segment is projected to account for the largest market share during the forecast period.

By application, the market was dominated by the milk segment in 2018. Health and convenience are prioritized by consumers while making a choice for beverages. Companies have diversified their beverage offerings with products containing almond milk, coconut milk, and soymilk, along with other non-dairy ingredients and alternatives derived from hemp, oats, or flax. Factors supporting the popularity of dairy-free milk are health concerns related to lactose intolerance and the hectic lifestyles of the working middle-class population. These factors encourage them to use convenience products for on-the-go consumption to save time.

By distributing channel, the online stores segment is projected to be the fastest-growing segment in the dairy alternatives market during the forecast period.

The fastest-growing market of online stores is attributed to a variety of options for a particular dairy-free food product at discounted rates as compared to traditional retail prices, to attract more customers. The usage of online services has also increased in developed as well as developing markets due to factors such as faster accessibility and cost-effectiveness. The increased frequency of online shopping has created opportunities for enhancing the product sales of leading online players and regional domestic e-retailers, such as Amazon, Vegan Online, and Goodness Direct.

Dairy Alternatives Market

Asia Pacific is projected to account for the largest market share during the forecast period.

The Asia Pacific market accounted for the largest share in the market. The large market share in this region is attributed to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Apart from this, rise in income, purchasing power, rapid growth of the middle-class population, increase in consumer awareness about health & fitness, and consumer demand for nutritional & healthy products provide promising prospects to the market players for growth and diversification in the region’s food sector.

Key Market Players:

The major vendors in the dairy alternatives market are The Whitewaves Food Company (US), The Hain Celestial Group (US), Blue Diamond  Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany),Organic Valley (US), and Panos Brands LLC (US). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. The WhiteWave Foods Company, an industry player, completed its merger with Danone S.A. (France). This merger would help Danone S.A. to focus on expanding the sales of its plant-based products in April 2017.

Scope of the report

Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value (USD Million)

Segments covered

Source, Application, Distribution Channel, Formulation, Nutrient, and Region

Geographies covered

North America, Europe, Asia Pacific, South America, and RoW

Companies covered

The Whitewaves Food Company (US), The Hain Celestial Group (US), Blue Diamond  Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany),Organic Valley (US), and Panos Brands LLC (US).

This research report categorizes the global dairy alternatives market based on source, application, formulation, nutrient, distribution channel, and region.

On the basis of source, the market has been segmented as follows:

  • Almond
  • Soy
  • Oats
  • Hemp
  • Coconut
  • Rice
  • Others (cashew and hazelnut)

On the basis of application, the dairy alternatives market has been segmented as follows:

  • Cheese
  • Creamers
  • Yogurt
  • Ice Creams
  • Milk
  • Others (butter, sauces, dressings, tofu, and smoothies)

On the basis of formulation, the market has been segmented as follows:

  • Plain
  • Flavored

On the basis of nutrient, the dairy alternatives market has been segmented as follows (qualitative):

  • Protein
  • Starch
  • Vitamin
  • Others (fats, fiber, and minerals)

On the basis of distribution channel, the market has been segmented as follows:

  • Supermarkets
  • Health Food stores
  • Pharmacies
  • Convenience Stores
  • Online stores
  • Others (direct sales by manufacturers, gourmet stores, bakeries, warehouse clubs, and mass merchandisers)

On the basis of region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • RoW (Africa and the Middle East)

Key Questions addressed by the report:

  • Who are the major market players in dairy alternatives market?
  • What are the regional growth trends and the largest revenue-generating regions for dairy alternatives?
  • Which are the major regions that are expected to witness the majority of growth in demand for dairy alternatives?
  • What are the major sources of dairy alternatives that are expected to gain maximum market revenue and share during the forecast period?
  • Which is the major application that will be accounting for the majority of the revenue over the forecast period?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction 
     1.1 Objectives of the Study 
     1.2 Market Definition
     1.3 Market Scope 
           Figure 1 Dairy Alternatives Market Segmentation 
            1.3.1 Geographic Scope 
            1.3.2 Periodization Considered 
     1.4 Currency Considered 
           Table 1 USD Exchange Rates Considered for the Study, 2015–2017 
     1.5 Stakeholders 

2 Research Methodology 
     2.1 Research Data 
            Figure 2 Dairy Alternatives Market: Research Design 
            2.1.1 Secondary Data 
                     2.1.1.1 Key Data From Secondary Sources 
            2.1.2 Primary Data 
                     2.1.2.1 Key Data From Primary Sources 
                     2.1.2.2 Breakdown of Primary Interviews 
                                Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region 
     2.2 Market Size Estimation 
           Figure 4 Market Size Estimation Methodology: Top-Down Approach 
           Figure 5 Market Size Estimation Methodology: Bottom-Up Approach 
     2.3 Market Breakdown and Data Triangulation 
           Figure 6 Market Breakdown and Data Triangulation 
     2.4 Research Assumptions & Limitations 
            2.4.1 Assumptions 
            2.4.2 Limitations 

3 Executive Summary 
    Figure 7 Dairy Alternatives Market Snapshot, By Source, 2018 vs. 2023 
    Figure 8 Dairy Alternatives Market Size, By Application, 2018–2023 
    Figure 9 Dairy Alternatives Market Size, By Distribution Channel, 2018–2023 
    Figure 10 Europe to Grow at the Highest Cagr in the Dairy Alternatives Market, 2018–2023 
    Figure 11 Dairy Alternatives Market, By Region 

4 Premium Insights 
     4.1 Opportunities in the Dairy Alternatives Market 
           Figure 12 Growing Demand for Lactose-Free Food & Beverage Products and the Rising Trend of Veganism Drive the Market for Dairy Alternatives 
     4.2 Dairy Alternatives Market: Key Countries 
            Figure 13 US Dominated the Dairy Alternatives Market in 2017 
     4.3 Dairy Alternatives Market, By Application 
            Figure 14 Milk Segment to Dominate the Market Through 2023 
     4.4 Developed vs. Developing Markets for Dairy Alternatives 
           Figure 15 Developed Countries in Europe to Emerge at High Growth Rates During the Forecast Period 
     4.5 Dairy Alternatives Market, By Source 
            Figure 16 Soy Segment Dominated the Dairy Alternatives Market Across All Sources 
     4.6 Dairy Alternatives Market, By Formulation 
            Figure 17 Flavored Segment Dominated the Dairy Alternatives Market 
     4.7 North America: Dairy Alternatives Market, By Application and Country, 2017 
           Figure 18 US Accounted for the Largest Share in 2017 

5 Market Overview 
    5.1 Introduction 
    5.2 Nutritive Analysis 
          Table 2 Nutritional Comparison of Dairy and Non-Dairy Milk 
    5.3 Regulatory Bodies 
          5.3.1 Codex Alimentarius Commission 
          5.3.2 Food and Drug Administration (Fda) 
          5.3.3 The Soyfoods Association of America 
                   5.3.3.1 Classification of Soymilk 
                             Table 3 Soymilk Composition 
          5.3.4 Food Standards Australia New Zealand (Fsanz) 
                  Table 4 Some of the Mandatory Advisory Statements Given By Fsanz 
          5.3.5 European Court of Justice 
    5.4 Patent Analysis 
           Figure 19 Number of Patents Filed for Dairy Alternatives, 2013–2017 
           Table 5 Some of the Granted Patents Pertaining to Dairy Alternatives 
    5.5 Market Dynamics 
          Figure 20 Market Dynamics: Dairy Alternatives Market 
           5.5.1 Drivers 
                    5.5.1.1 Growing Consumer Preference for A Vegan Diet 
                               Figure 21 Vegan Population Trend in the Uk 
                    5.5.1.2 Nutritional Benefits Offered By Plant-Based Dairy Alternatives 
                    5.5.1.3 Increasing Cases of Lactose Intolerance and Milk Allergies 
                               Table 6 Lactose Content in Dairy Food Products 
           5.5.2 Restraints 
                    5.5.2.1 Volatile Prices of Raw Materials 
                               Figure 22 Global Average Prices of Raw Materials, 2013–2016 (USD/Ton) 
           5.5.3 Opportunities 
                    5.5.3.1 Growing Demand in Emerging Markets 
                    5.5.3.2 Favorable Marketing and Correct Positioning of Dairy Alternatives 
                    5.5.3.3 Changing Lifestyles of Consumers 
                               Table 7 Top Five Gdp, Per Capita (Ppp), in Emerging Asia Pacific Economies, 2013 
           5.5.4 Challenges 
                    5.5.4.1 Limited Availability of Raw Materials 
                    5.5.4.2 Limited Awareness Amongst Consumers 

6 Dairy Alternatives Market, By Source 
     6.1 Introduction 
            Figure 23 Dairy Alternatives Market Size, By Source, 2018 vs. 2023 (USD Million) 
            Table 8 Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
     6.2 Soy 
            Figure 24 Soy: Dairy Alternatives Market Size, By Region, 2018 vs. 2023 (USD Million) 
            6.2.1 Easy Availability and High Acceptability of Soy-Based Products to Drive the Market of Soy Derived Dairy Alternatives 
                     Table 9 Soy Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.3 Almond 
            6.3.1 The Almond Based Dairy Alternatives Market Will Be Driven By the Rising Demand and Availability of Blended Forms of the Product 
                    Table 10 Almond Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.4 Coconut 
            6.4.1 The Demand for Coconut-Based Dairy Alternatives is Driven By the High Palatability, Nutrition Level, and Good for Heart Properties of Coconut 
                     Table 11 Coconut Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.5 Rice 
            6.5.1 Low Risk of Allergies and Comparitively Lighter and Bland Taste is Projected to Drive the Market for Rice Derived Dairy Alternative Products 
                     Table 12 Rice Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.6 Oats 
            6.6.1 Rich Nutritional Content and Cancer Curing Properties to Drive the Market of Oat Derived Dairy Alternatives 
                     Table 13 Oats Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.7 Hemp 
            6.7.1 Rising Awareness of Health Benefits of the Products Among Consumers to Drive the Market for Hemp Based Dairy Alternatives 
                     Table 14 Hemp Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     6.8 Others 
            Table 15 Others Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 

7 Dairy Alternatives Market, By Application 
     7.1 Introduction 
            Figure 25 Dairy Alternatives Market Size, By Application, 2018 vs. 2023 (USD Million) 
            Table 16 Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
     7.2 Milk 
            7.2.1 Rising Awareness About Healthy Beverages to Drive the Milk Market for Dairy Alternatives 
                     Figure 26 Milk: Dairy Alternatives Market Size, By Region, 2018 vs. 2023 (USD Million) 
                     Table 17 Milk: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     7.3 Ice Creams 
            7.3.1 Rise in Demand for Cholestrol and Fat Free Desserts to Drive the Ice Creams Market for Dairy Alternatives 
                     Table 18 Ice Creams: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     7.4 Yogurt 
            7.4.1 Demand for Healthy Dairy Free and Fortified Yogurt to Drive the Overall Dairy Alternatives Market for Yogurts 
                     Table 19 Yogurt: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     7.5 Cheese 
            7.5.1 Demand for Dairy Free Spreadable and Non-Spreadable Cheese From Lactose Intolerant Consumers Drive the Dairy Alternatives Market 
                     Table 20 Cheese: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
     7.6 Creamers 
            7.6.1 Leading Manufacturers Investing in R&D to Meet the Growing Demand for Dairy Free Creamers 
                     Table 21 Creamers: Dairy Alternatives Market Size, By Region,  2016–2023 (USD Million 
     7.7 Others 
            Table 22 Others: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 

8 Dairy Alternatives Market, By Formulation 
     8.1 Introduction 
            Figure 27 Dairy Alternatives Market Size, By Formulation, 2018 vs. 2023 (USD Million) 
            Table 23 Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
     8.2 Flavored 
            8.2.1 Consumers Looking for Palatable But Healthier Options to Drive the Market for Flavored & Unsweetened Dairy Alternatives 
                     Figure 28 Flavored: Dairy Alternatives Market Size, By Region, 2018 vs. 2023 (USD Million) 
                     Table 24 Flavored Market Size, By Region, 2016–2023 (USD Million) 
     8.3 Plain 
            8.3.1 the Plain Soy and Almond are Largely Consumed By Vegan and Lactose Intolerant Population 
                     Table 25 Plain Market Size, By Region, 2016–2023 (USD Million) 

9 Dairy Alternatives Market, By Nutrient 
     9.1 Introduction 
            Table 26 Nutrient Content in Dairy Alternatives 
     9.2 Protein 
     9.3 Starch 
     9.4 Vitamins 
     9.5 Others 

10 Dairy Alternatives Market, By Distribution Channel 
      10.1 Introduction 
              Figure 29 Dairy Alternatives Market Size, By Distribution Channel, 2018 vs. 2023 (USD Million) 
              Table 27 Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
      10.2 Supermarkets 
              10.2.1 Supermnarkets are Most Preferred Channel of Distribution for Dairy Alternative Products Due to Multiple Options Offered to Consumers 
                        Figure 30 Supermarkets Market Size, By Region, 2018 vs. 2023 (USD Million) 
                        Table 28 Supermarkets Market Size, By Distribution Channel, 2016–2023 (USD Million) 
      10.3 Health Food Stores 
              10.3.1 Health Benefits of Dairy Alternative Products Lead to Increase in Sales Through Health Food Stores 
                        Table 29 Health Food Stores Market Size, By Region, 2016–2023 (USD Million) 
      10.4 Pharmacies 
              10.4.1 Rising Health Issues and Prescriptions From Doctors for Allergies Tend to Increase Sales of Dairy Alternatives Through Pharmacies 
                        Table 30 Pharmacies Market Size, By Region, 2016–2023 (USD Million) 
      10.5 Convenience Stores 
              10.5.1 Easy Access and Convenience for Consumers Lead to Rise in Sales Through Convenience Stores 
                        Table 31 Convenience Stores Market Size, By Region, 2016–2023 (USD Million) 
      10.6 Online Stores 
              10.6.1 Sales Through Online Stores Offer Faster Accessibiltiy and Cost Effectiveness 
                        Table 32 Online Stores Market Size, By Region, 2016–2023 (USD Million) 
      10.7 Others 
              Table 33 Other Distribution Channels Market Size, By Region, 2016–2023 (USD Million) 

11 Dairy Alternatives Market, By Brand 
      11.1 Introduction 
      11.2 Silk 
      11.3 Dream 
      11.4 Almond Breeze 
      11.5 Sunrise Naturals 
      11.6 So Good 
      11.7 So Delicious 
      11.8 Australia’s Own Organic 
      11.9 Ecomil
      11.10 Alpro 
      11.11 Edensoy 

12 Dairy Alternatives Market, By Region 
      12.1 Introduction 
              Figure 31 France to Record The Highest Growth Rate During The Forecast Period 
              Table 34 Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
              Table 35 Dairy Alternatives Market Size, By Region, 2016–2023 (Million Liters)
      12.2 North America 
              Figure 32 North America: Dairy Alternatives Market Snapshot 
              Table 36 North America: Dairy Alternatives Market Size, By Country, 2016–2023 (USD Million) 
              Table 37 North America: Dairy Alternatives Market Size, By Country, 2016–2023 (Million Liters) 
              Table 38 North America: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
              Table 39 North America: Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
              Table 40 North America: Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
              Table 41 North America: Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
              12.2.1 US 
                        12.2.1.1 Presence of Big Players in US to Drive Dairy Alternatives Market in This Region 
                                    Table 42 US: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million)
              12.2.2 Canada 
                        12.2.2.1 Rise in Demand for Protein Rich Dairy Substitutes to Drive The Market of Dairy Alternatives in Canada 
                                    Table 43 Canada: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
              12.2.3 Mexico 
                        12.2.3.1 Rising Urbanization and Growing Demand for Fortified Dairy Free Products to Drive The Dairy Alternatives Market in Mexico 
                                    Table 44 Mexico: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
     12.3 Europe 
             Table 45 Europe: Dairy Alternatives Market Size, By Country, 2016–2023 (USD Million) 
             Table 46 Europe: Dairy Alternatives Market Size, By Country, 2016–2023 (Million Liters) 
             Table 47 Europe: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             Table 48 Europe: Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
             Table 49 Europe: Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
             Table 50 Europe: Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
             12.3.1 Germany 
                 12.3.1.1 The Growing Food & Beverage Industry in Germany is Projected to Drive The Dairy Alternatives Market in This Region 
                             Table 51 Germany: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             12.3.2 UK 
                       12.3.2.1 Consumer Inclination Towards Healthy Products to Drive Dairy Alternatives Market in The UK 
                                   Table 52 UK: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             12.3.3 France 
                       12.3.3.1 Increased Consumption of Soy-Based Products in France to Drive Dairy Alternatives Market in This Region 
                                   Table 53 France: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             12.3.4 Italy 
                       12.3.4.1 Large Consumption of Cheese is Projected to Drive The Dairy Alternatives Market in Italy 
                                   Table 54 Italy: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             12.3.5 Spain 
                       12.3.5.1 The Rising Prices of Raw Milk in Spain is Projected to Drive The Dairy Alternatives Market 
                                   Table 55 Spain: Dairy Alternatives Market Size, By Source,2016–2023 (USD Million) 
             12.3.6 Rest of Europe 
                       Table 56 Rest of Europe: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
    12.4 Asia Pacific 
            Table 57 Asia Pacific: Dairy Alternatives Market Size, By Country/Region, 2016–2023 (USD Million) 
            Table 58 Asia Pacific: Dairy Alternatives Market Size, By Country/Region, 2016–2023 (Million Liters) 
            Table 59 Asia Pacific: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            Table 60 Asia Pacific: Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
            Table 61 Asia Pacific: Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
            Table 62 Asia Pacific: Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
            12.4.1 China 
                      12.4.1.1 Applications of Soy-Derived Dairy Alternatives in Various Chinese Cuisines to Drive The Overall Market for Dairy Alternatives in China 
                                  Table 63 China: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.4.2 Japan 
                      12.4.2.1 Rise in Demand for High-Protein Healthy Products to Drive The Dairy Alternatives Market in Japan 
                                  Table 64 Japan: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.4.3 India 
                      12.4.3.1 Rise in Demand for Using Dairy-Free Substitutes in Traditional Sweets to Drive Demand for Dairy Alternatives in India 
                                  Table 65 India: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.4.4 Australia & New Zealand 
                      12.4.4.1 Rise in Demand for Nutritional Products to Drive The Dairy Alternatives Market in Australia & New Zealand 
                                  Table 66 Australia & New Zealand: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.4.5 Rest of Asia Pacific 
                      Table 67 Rest of Asia Pacific: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
    12.5 South America 
            Figure 33 Dairy Alternatives Consumption Share in South America, By Key Country, 2017 
            Table 68 South America: Dairy Alternatives Market Size, By Country, 2016–2023 (USD Million) 
            Table 69 South America: Dairy Alternatives Market Size, By Country, 2016–2023 (Million Liters) 
            Table 70 South America: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            Table 71 South America: Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
            Table 72 South America: Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
            Table 73 South America: Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
            12.5.1 Brazil 
                      12.5.1.1 Demand for Clean Label and Rise in Soy Production in Brazil to Drive The Dairy Alternatives Market 
                                  Figure 34 Soybean Production in Brazil, 2012–2018 (Mmt) 
                                  Table 74 Brazil: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.5.2 Argentina 
                      12.5.2.1 High Local Soybean Production and Growth in Demand for Clean Label to Drive Dairy Alternatives Market in Argentina 
                                  Table 75 Argentina: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
            12.5.3 Rest of South America 
                                  Table 76 Rest of South America: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
     12.6 Rest of The World (RoW) 
             Table 77 RoW: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million) 
             Table 78 RoW: Dairy Alternatives Market Size, By Region, 2016–2023 (Million Liters) 
             Table 79 RoW: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             Table 80 RoW: Dairy Alternatives Market Size, By Formulation, 2016–2023 (USD Million) 
             Table 81 RoW: Dairy Alternatives Market Size, By Application, 2016–2023 (USD Million) 
             Table 82 RoW: Dairy Alternatives Market Size, By Distribution Channel, 2016–2023 (USD Million) 
             12.6.1 Middle East 
                       12.6.1.1 High Spending Power and Presence of Health-Conscious Consumers to Drive Dairy Alternatives Market in The Middle East 
                                   Table 83 Middle East: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 
             12.6.2 Africa 
                       12.6.2.1 Rise in Urbanization and Growth of Retail Chain to Increase Demand for Dairy Alternatives in Africa 
                                  Table 84 Africa: Dairy Alternatives Market Size, By Source, 2016–2023 (USD Million) 

13 Competitive Landscape 
      13.1 Introduction 
              Figure 35 Dairy Alternative Market (Global) Competitive Leadership Mapping, 2018 
      13.2 Competitve Benchmarking
      13.3 Vanguards, Innovators, Emerging, and Dynamic 

14 Competitive Profiles 
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
      14.1 The Whitewave Foods Company 
              Figure 36 Whitewave Foods: Company Snapshot 
      14.2 The Hain Celestial 
              Figure 37 The Hain Celestial: Company Snapshot 
      14.3 Blue Diamond Growers 
              Figure 38 Blue Diamond Growers: Company Snapshot 
      14.4 Sunopta 
              Figure 39 Sunopta: Company Snapshot 
      14.5 Sanitarium Health and Wellbeing Company 
      14.6 Freedom Foods Group 
              Figure 40 Freedom Foods Group: Company Snapshot 
      14.7 Eden Foods 
      14.8 Nutriops S.L 
      14.9 Earth’s Own Food Company 
      14.10 Triballat Noyal 
      14.11 Valsoia S.P.A. 
               Figure 41 Valsoia S.P.A: Company Snapshot
      14.12 Dφhler GmbH 
      14.13 Panos Brands 
      14.14 Organic Valley 
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix 
      15.1 Discussion Guide 
              15.1.1 Company Developments 
                        15.1.1.1 Acquisitions & Merger 
                                    Table 85 Acquisitions, 2012–2017 
                        15.1.1.2 Expansions 
                                    Table 86 Expansions, 2012–2017 
                        15.1.1.3 Agreements, Joint Venture & Partnerships 
                                    Table 87 Agreements, Joint Venture, Partnerships, 2012–2017 
                        15.1.1.4 New Products Launches 
                                    Table 88 New Product Launches, 2012–2017 
      15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal 
      15.3 Available Customizations 
      15.4 Related Reports 
      15.5 Author Details 

The study involved four major activities in estimating the current market size of the dairy alternatives market. Exhaustive secondary research was done to collect information on the market as well as the parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.

Secondary Research

In the secondary research process, various sources were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, gold & silver standard websites, manufacturing companies, regulatory bodies, trade directories, and databases.

Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation, according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.

Primary Research

The dairy alternatives market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of plant-based food and beverage industries as well as the rise in urban population. The supply side is characterized by advancements in technology and a diverse range of manufacturers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs in the dairy alternatives manufacturing industry. The primary sources from the supply side include research institutions involved in R&D to introduce new products, key opinion leaders, distributors, and dairy alternative manufacturing companies.

Dairy Alternatives Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the dairy alternatives market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The value chain and market size of the dairy alternatives market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for key opinions from leaders, such as CEOs, directors, and marketing executives.

Data Triangulation

After arriving at the overall market size from the estimation process described above, the total market was split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size was validated using both the top-down and bottom-up approaches. It was then verified through primary interviews. Hence, three approaches were adopted-top-down approach, bottom-up approach, and the one involving expert interviews. Only when the values arrived at from the three points match, the data is assumed to be correct.

Report Objectives

  • Determining and projecting the size of the dairy alternatives market with respect to type, application, flavor, nutrient, and region, over a five-year period ranging from 2018 to 2023
  • Identifying the attractive opportunities in the market by determining the largest and fastest-growing segments across the key regions
  • Analyzing the demand-side factors on the basis of the following:
    • Impact of macro- and microeconomic factors on the market
    • Shifts in demand patterns across different sub-segments and regions
  • Identifying and profiling the key market players in the dairy alternatives market
  • Determining the market share of the key players operating in the dairy alternatives market
  • Providing a comparative analysis of the market leaders on the basis of the following:
    • Product offerings
    • Business strategies
    • Strengths and weaknesses
    • Key financials
  • Understanding the competitive landscape and identifying the major growth strategies adopted by players across the key regions
  • Providing insights on the trade scenario

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific scientific needs.

The following customization options are available for the report:

Segment Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Detailed analysis at volume level can also be provided

Geographic Analysis

  • Further breakdown of the Rest of Europe dairy alternatives market into Greece and the Eastern European countries
  • Further breakdown of the Rest of Asia Pacific dairy alternatives market, into South Korea, Taiwan, Singapore, Malaysia, and Indonesia.
  • Further breakdown of other countries in the Rest of the World dairy alternatives market, by key countries

Company Information

  •  Detailed analyses and profiling of additional market players (up to five)
Report Code
FB 1142
Published ON
Jan, 2019
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