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 2025

Report Code: FB 1142 Jun, 2020, by marketsandmarkets.com
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The dairy alternatives market is projected to grow from USD 21.4 billion in 2020 to USD 36.7 billion by 2025, 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 Growth Opportunities

e - Estimated; p - Projected Source: Secondary Sources, Publications, Articles, and MarketsandMarkets Analysis

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Client’s Problem Statement

Our client, a US-based dairy food company, was interested in expanding its product portfolio to enter the dairy alternatives market. The client wanted to understand the market scenario and the availability of dairy alternative sources, along with the acceptance of such products in different regions.

MnM Approach

MNM provided exhaustive market information about the availability of dairy alternative sources and the product types being offered, along with the high-demand regions.
MNM compiled the list of regulations in each geography, along with a market understanding of the acceptance of dairy alternative products in different regions and the preferred sources accepted globally.
MNM also provided consumer and industry trends affecting the demand for dairy alternative products in different countries.

Revenue Impact (RI)

MNM’s research and suggestions allowed the client to target countries with a growing demand for alternative products and attain a strong market position in the different application markets. The client was also able to target customers with the right products (as per regional consumer preferences). Our findings helped the client identify and target new revenue sources, with projected revenue of ~USD 170 million in five years.

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Market Dynamics

Drivers: Increasing consumer preferences towards vegan diet

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. Consumers in developed economies are accepting plant-based milk since dairy alternatives provide energy, improve health, help in weight management, and increase the palatability of food. Considering this rapid growth of vegan population, various dairy manufacturers are shifting toward producing plant-based milk products, which is projected to impact the global plant-based beverages market positively.

Dairy Alternatives Market

Restraints: Volatile prices of raw materials

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.

Opportunities: 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.

Challenges: Limited availability of raw materials

Rising deforestation in developing countries results in the scarcity of raw materials for dairy alternatives such as soy, almond, and rice. Further, extremely cold climatic conditions in countries such as the UK, France, and Spain hamper the production of agricultural produce. For instance, soy milk is produced from whole soybeans or full-fat soy flour; almond milk is made from ground almonds that are free from lactose and cholesterol; oat milk is lactose-free milk obtained naturally from oats, other grains, and beans. Unavailability of these agricultural raw materials restricts the production of alternative dairy beverages by European manufacturers.

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 2020. 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 dairy alternative 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 WhiteWave Foods Company (US), Hain Celestial (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium (Australia), Eden Foods Inc. ( US), Freedom Foods Group Limited (Australia), Ecomil  (Spain), Earth’s Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia SpA (Italy), Dohler (Germany), Panos Brands (US), Green Spot Co., Ltd (Thailand), Hiland Dairy (US), Ripple Foods (US) and Califia Farms (US).

Scope of the report

Report Metric

Details

Market size available for years

2020-2025

Base year considered

2019

Forecast period

2020-2025

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 WhiteWave Food Company (US), Hain Celestial Group (US), Blue Diamond  Growers (US), SunOpta (Canada), Sanitarium (Australia), Freedom Foods Group Limited (Australia), Eden Foods, Inc. (US), Ecomil (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Dohler (Germany), Panos Brands (US), Green Spot Co., Ltd. (Thailand), Hiland Dairy (US), Ripple Foods (US), Kite Hill (US), WayFare (US), Califia Farms (US), Daiya Foods Inc. (Canada), Pureharvest (Australia), Goodmylk (India), Vly (Germany), Miyoko’s Creamery (US), Oatly Inc. (Sweden).

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

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

  • Plain
  • Flavored

On the basis of nutrient, the dairy alternative 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)

Recent Developments:

  • In July 2018, DanoneWave (US) added new milk-free ranges of yogurts under its brand Silk. This will help in strengthening the company’s dairy alternatives product portfolio.
  • In May 2019, Blue Diamond Growers (US) launched new dairy alternatives in yogurt category; almond milk yogurt. This will expand the company’s portfolio for dairy-free options.
  • In October 2018, Freedom Foods Group Limited (Australia) launched three new flavors of pea protein based milk. This will help the company cater to the growing demand of alternative milks.
  • In June 2019, Panos Brands (US) launched ready-to-drink alternative milk beverages in five different organic flavours. This will help in boosting the company’s dairy alternatives product portfolio. 

Frequently Asked Questions (FAQ):

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Table of Contents

1 INTRODUCTION (Page No. - 37)
  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
  1.5 UNIT CONSIDERED
      TABLE 1 USD EXCHANGE RATES CONSIDERED FOR THE STUDY, 2017–2019
  1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 41)
  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
  2.5 MARKET SCENARIOS CONSIDERED FOR IMPACT OF COVID-19
      2.5.1 SCENARIO-BASED MODELLING
      2.5.2 COVID-19 HEALTH ASSESSMENT
            FIGURE 7 COVID-19 THE GLOBAL PROPAGATION
            FIGURE 8 COVID-19 PROPAGATION: SELECT COUNTRIES
      2.5.3 COVID-19 ECONOMIC ASSESSMENT
            FIGURE 9 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
      2.5.4 COVID-19 IMPACT ON THE ECONOMY—SCENARIO ASSESSMENT
            FIGURE 10 CRITERIA IMPACTING THE GLOBAL ECONOMY
            FIGURE 11 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 55)
  FIGURE 12 MARKET SNAPSHOT, BY SOURCE, 2020 VS. 2025
  FIGURE 13 MARKET SIZE, BY APPLICATION, 2020 VS. 2025
(USD BILLION) 57
  FIGURE 14 DAIRY ALTERNATIVE MARKET SIZE, BY DISTRIBUTION CHANNEL,
2020 VS. 2025 (USD BILLION) 57
  FIGURE 15 EUROPE TO GROW AT THE HIGHEST CAGR IN THE DAIRY ALTERNATIVE MARKET, 2020–2025
  FIGURE 16 DAIRY ALTERNATIVE MARKET, BY REGION

4 PREMIUM INSIGHTS (Page No. - 60)
  4.1 OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET
      FIGURE 17 GROWTH IN DEMAND FOR LACTOSE-FREE FOOD & BEVERAGE PRODUCTS AND THE RISE IN VEGANISM DRIVE THE MARKET FOR DAIRY ALTERNATIVES
  4.2 MARKET: KEY COUNTRIES
      FIGURE 18 THE US TO DOMINATE THE DAIRY ALTERNATIVE MARKET IN 2020
  4.3 MARKET, BY APPLICATION
      FIGURE 19 MILK SEGMENT TO DOMINATE THE MARKET THROUGH 2025
  4.4 DEVELOPED VS. DEVELOPING MARKETS FOR DAIRY ALTERNATIVES
      FIGURE 20 DEVELOPED COUNTRIES IN EUROPE TO EMERGE AT HIGH GROWTH RATES DURING THE FORECAST PERIOD
  4.5 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET
      FIGURE 21 COMPARISON OF PRE- AND POST-COVID-19 SCENARIO
  4.6 MARKET, BY SOURCE
      FIGURE 22 SOY SEGMENT TO DOMINATE THE DAIRY ALTERNATIVES MARKET DURING THE FORECAST PERIOD
  4.7 MARKET, BY FORMULATION
      FIGURE 23 FLAVORED SEGMENT TO DOMINATE DURING THE FORECAST PERIOD
  4.8 NORTH AMERICA: MARKET, BY APPLICATION & COUNTRY
      FIGURE 24 THE US TO ACCOUNT FOR THE LARGEST SHARE IN 2020

5 MARKET OVERVIEW (Page No. - 66)
  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 25 NUMBER OF PATENTS FILED FOR DAIRY ALTERNATIVES, 2013–2017
      TABLE 5 SOME OF THE GRANTED PATENTS PERTAINING TO DAIRY ALTERNATIVES
      TABLE 6 CONNECTED/ADJACENT MARKETS
  5.5 MARKET DYNAMICS
      FIGURE 26 MARKET DYNAMICS: DAIRY ALTERNATIVES MARKET
      5.5.1 DRIVERS
            5.5.1.1 Growth in consumer preference for a vegan diet
                    FIGURE 27 VEGAN POPULATION TREND IN THE UK
            5.5.1.2 Nutritional benefits offered by plant-based dairy alternatives
            5.5.1.3 Increase in cases of lactose intolerance and milk allergies
                    TABLE 7 LACTOSE CONTENT IN DAIRY FOOD PRODUCTS
      5.5.2 RESTRAINTS
            5.5.2.1 Volatile prices of raw materials
                    FIGURE 28 GLOBAL AVERAGE PRICES OF RAW MATERIALS, 2013–2016 (USD/TON)
      5.5.3 OPPORTUNITIES
            5.5.3.1 Growth in demand in emerging markets
            5.5.3.2 Favorable marketing and correct positioning of dairy alternatives
            5.5.3.3 Changes in lifestyles of consumers
            TABLE 8 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
      5.5.5 COVID-19 DRIVERS

6 DAIRY ALTERNATIVES MARKET, BY SOURCE (Page No. - 80)
  6.1 INTRODUCTION
      FIGURE 29 DAIRY ALTERNATIVE MARKET SIZE, BY SOURCE, 2020 VS. 2025 (USD MILLION)
      TABLE 9 MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
      TABLE 10 MARKET SIZE, BY SOURCE, 2016–2019 (MILLION LITERS)
      TABLE 11 MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
      TABLE 12 MARKET SIZE, BY SOURCE, 2020–2025 (MILLION LITERS)
      6.1.1 COVID-19 IMPACT ON DAIRY ALTERNATIVES MARKET, BY SOURCE
            6.1.1.1 Optimistic Scenario
                    TABLE 13 OPTIMISTIC SCENARIO: MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION)
            6.1.1.2 Pessimistic Scenario
                    TABLE 14 PESSIMISTIC SCENARIO: MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION)
  6.2 SOY
      6.2.1 EASY AVAILABILITY AND HIGH ACCEPTABILITY OF SOY-BASED PRODUCTS
            FIGURE 30 SOY-DERIVED MARKET SHARE (VALUE), BY REGION, 2020 VS. 2025
            TABLE 15 SOY-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 16 SOY-DERIVED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
            TABLE 17 NORTH AMERICA: SOY-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 18 NORTH AMERICA: SOY-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
            TABLE 19 EUROPE: SOY-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 20 EUROPE: SOY-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
            TABLE 21 ASIA PACIFIC: SOY-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
            TABLE 22 ASIA PACIFIC: SOY-DERIVED  MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
            TABLE 23 SOUTH AMERICA: SOY-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
            TABLE 24 SOUTH AMERICA: SOY-DERIVED MARKET SIZE,BY COUNTRY, 2020–2025 (USD MILLION)
            TABLE 25 ROW: SOY-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 26 ROW: SOY-DERIVED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

6.3 ALMOND
    6.3.1 RISE IN DEMAND AND AVAILABILITY OF BLENDED FORMS OF THE ALMOND-BASED PRODUCTS
          TABLE 27 ALMOND-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
          TABLE 28 ALMOND-DERIVED  MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
          TABLE 29 NORTH AMERICA: ALMOND-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 30 NORTH AMERICA: ALMOND-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 31 EUROPE: ALMOND-DERIVED DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 32 EUROPE: ALMOND-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 33 ASIA PACIFIC: ALMOND-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
          TABLE 34 ASIA PACIFIC: ALMOND-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
          TABLE 35 SOUTH AMERICA: ALMOND-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
          TABLE 36 SOUTH AMERICA: ALMOND-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
          TABLE 37 ROW: ALMOND-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
          TABLE 38 ROW: SOY-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
    6.4 COCONUT
        6.4.1 PROPERTIES OF HIGH PALATABILITY, NUTRITION LEVEL, AND HEART-HEALTHINESS OF COCONUT
              TABLE 39 COCONUT-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 40 COCONUT-DERIVED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
              TABLE 41 NORTH AMERICA: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 42 NORTH AMERICA: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 43 EUROPE: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 44 EUROPE: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 45 ASIA PACIFIC: COCONUT-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
              TABLE 46 ASIA PACIFIC: MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
              TABLE 47 SOUTH AMERICA: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 48 SOUTH AMERICA: COCONUT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 49 ROW: COCONUT-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 50 ROW: COCONUT-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
    6.5 RICE
        6.5.1 LOW RISK OF ALLERGIES AND COMPARATIVELY LIGHTER AND BLAND TASTE OF RICE-DERIVED PRODUCTS
              TABLE 51 RICE-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 52 RICE-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
              TABLE 53 NORTH AMERICA: RICE-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 54 NORTH AMERICA: RICE-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 55 EUROPE: RICE-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 56 EUROPE: RICE-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 57 ASIA PACIFIC: RICE-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
              TABLE 58 ASIA PACIFIC: RICE-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
              TABLE 59 SOUTH AMERICA: RICE-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 60 SOUTH AMERICA: RICE-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 61 ROW: RICE-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 62 ROW: RICE-DERIVED MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
    6.6 OATS
        6.6.1 RICH NUTRITIONAL CONTENT OF OAT-DERIVED DAIRY ALTERNATIVES
              TABLE 63 OAT-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 64 OAT-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
              TABLE 65 NORTH AMERICA: OAT-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 66 NORTH AMERICA: OAT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 67 EUROPE: OAT-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 68 EUROPE: OAT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 69 ASIA PACIFIC: OAT-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
              TABLE 70 ASIA PACIFIC: OAT-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
              TABLE 71 SOUTH AMERICA: OATS MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 72 SOUTH AMERICA: OAT-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 73 ROW: OAT-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 74 ROW: OAT-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
    6.7 HEMP
        6.7.1 RISE IN AWARENESS OF HEALTH BENEFITS HEMP-BASED DAIRY ALTERNATIVES AMONG CONSUMERS
              TABLE 75 HEMP-DERIVED DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 76 HEMP-DERIVED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
              TABLE 77 NORTH AMERICA: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 78 NORTH AMERICA: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 79 EUROPE: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 80 EUROPE: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 81 ASIA PACIFIC: HEMP-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
              TABLE 82 ASIA PACIFIC: HEMP-DERIVED MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
              TABLE 83 SOUTH AMERICA: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 84 SOUTH AMERICA: HEMP-DERIVED MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
              TABLE 85 ROW: HEMP-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
              TABLE 86 ROW: HEMP-DERIVED MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
    6.8 OTHER SOURCES
        TABLE 87 OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 88 OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
        TABLE 89 NORTH AMERICA: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 90 NORTH AMERICA: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 91 EUROPE: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 92 EUROPE: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 93 ASIA PACIFIC: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
        TABLE 94 ASIA PACIFIC: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
        TABLE 95 SOUTH AMERICA: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 96 SOUTH AMERICA: OTHER DAIRY ALTERNATIVE SOURCES MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 97 ROW: OTHER DAIRY ALTERNATIVE SOURCES DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 98 ROW: OTHER DAIRY ALTERNATIVE SOURCES DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)

7 DAIRY ALTERNATIVES MARKET, BY APPLICATION (Page No. - 118)
   7.1 INTRODUCTION
       FIGURE 31 DAIRY ALTERNATIVES: MARKET SIZE, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
       TABLE 99 MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
       TABLE 100 MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
       7.1.1 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY APPLICATION
              7.1.1.1 Optimistic Scenario
                      TABLE 101 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES: MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
              7.1.1.2 Pessimistic Scenario
                      TABLE 102 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVE MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)
   7.2 MILK
       7.2.1 RISE IN AWARENESS ABOUT HEALTHY BEVERAGES TO DRIVE THE MILK MARKET FOR DAIRY ALTERNATIVES
             FIGURE 32 MARKET SIZE IN MILK PRODUCTS, BY REGION, 2020 VS. 2025 (USD MILLION)
             TABLE 103 MARKET SIZE IN MILK, BY REGION, 2016–2019 (USD MILLION)
             TABLE 104 MARKET SIZE IN MILK, BY REGION, 2020–2025 (USD MILLION)
   7.3 ICE CREAMS
       7.3.1 RISE IN DEMAND FOR CHOLESTEROL- AND FAT-FREE DESSERTS
       TABLE 105 MARKET SIZE IN ICE CREAMS, BY REGION, 2016–2019 (USD MILLION)
       TABLE 106 MARKET SIZE IN ICE CREAMS, BY REGION, 2020–2025 (USD MILLION)
   7.4 YOGURT
       7.4.1 DEMAND FOR DAIRY-FREE AND FORTIFIED YOGURT
             TABLE 107 MARKET SIZE IN YOGURT, BY REGION, 2016–2019 (USD MILLION)
             TABLE 108 MARKET SIZE IN YOGURT, BY REGION, 2020–2025 (USD MILLION)
   7.5 CHEESE
       7.5.1 DEMAND FOR DAIRY-FREE SPREADABLE AND NON-SPREADABLE CHEESE FROM LACTOSE-INTOLERANT CONSUMERS
       TABLE 109 MARKET SIZE IN CHEESE, BY REGION, 2016–2019 (USD MILLION)
       TABLE 110 MARKET SIZE IN CHEESE, BY REGION, 2020–2025 (USD MILLION)
   7.6 CREAMERS
       7.6.1 LEADING MANUFACTURERS INVESTING IN R&D TO MEET THE GROWING DEMAND FOR DAIRY-FREE CREAMERS
       TABLE 111 MARKET SIZE IN CREAMERS, BY REGION, 2016–2019 (USD MILLION)
       TABLE 112 MARKET SIZE IN CREAMERS, BY REGION, 2020–2025 (USD MILLION)
   7.7 OTHER APPLICATIONS
       TABLE 113 MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
       TABLE 114 MARKET SIZE IN OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)

8 DAIRY ALTERNATIVES MARKET, BY FORMULATION (Page No. - 129)
  8.1 INTRODUCTION
      FIGURE 33 MARKET SIZE, BY FORMULATION, 2020 VS. 2025 (USD MILLION)
      TABLE 115 MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
      TABLE 116 MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
      8.1.1 COVID-19 IMPACT ON DAIRY ALTERNATIVES MARKET, BY FORMULATION
            8.1.1.1 Optimistic Scenario
                    TABLE 117 OPTIMISTIC SCENARIO: MARKET SIZE, BY FORMULATION, 2018–2021 (USD MILLION)
            8.1.1.2 Pessimistic Scenario
                    TABLE 118 PESSIMISTIC SCENARIO: MARKET SIZE, BY FORMULATION, 2018–2021 (USD MILLION)
  8.2 FLAVORED
      8.2.1 GROWTH IN CONSUMER DEMAND FOR PALATABLE BUT HEALTHIER OPTIONS
            FIGURE 34 FLAVORED DAIRY ALTERNATIVES: MARKET SHARE (VALUE), BY REGION, 2020 VS. 2025
            TABLE 119 FLAVORED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 120 FLAVORED DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
  8.3 PLAIN
      8.3.1 PLAIN SOY AND ALMOND PRODUCTS LARGELY CONSUMED BY VEGAN AND LACTOSE-INTOLERANT POPULATION
            TABLE 121 PLAIN DAIRY ALTERNATIVE MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
            TABLE 122 PLAIN DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

9 DAIRY ALTERNATIVES MARKET, BY NUTRIENT (Page No. - 136)
  9.1 INTRODUCTION
      TABLE 123 NUTRIENT CONTENT IN DAIRY ALTERNATIVES
  9.2 PROTEIN
  9.3 STARCH
  9.4 VITAMINS
  9.5 OTHERS

10 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (Page No. - 138)
   10.1 INTRODUCTION
        FIGURE 35 MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020 VS. 2025 (USD MILLION)
        TABLE 124 MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
        TABLE 125 MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
        10.1.1 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL
               10.1.1.1 Optimistic Scenario
                        TABLE 126 OPTIMISTIC SCENARIO: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION)
               10.1.1.2 Pessimistic Scenario
                        TABLE 127 PESSIMISTIC SCENARIO: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION)
   10.2 SUPERMARKETS
         10.2.1 SUPERMARKETS ARE MOST PREFERRED DUE TO MULTIPLE OPTIONS OFFERED TO CONSUMERS
                FIGURE 36 SUPERMARKETS MARKET SHARE (VALUE), BY REGION, 2020 VS. 2025
                TABLE 128 SUPERMARKETS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                TABLE 129 SUPERMARKETS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
   10.3 HEALTH FOOD STORES
        10.3.1 HEALTH BENEFITS OF DAIRY ALTERNATIVE PRODUCTS INCREASE SALES THROUGH HEALTH FOOD STORES
               TABLE 130 HEALTH FOOD STORES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 131 HEALTH FOOD STORES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
   10.4 PHARMACIES
        10.4.1 RISE IN HEALTH ISSUES AND PRESCRIPTIONS FOR ALLERGIES INCREASE SALES THROUGH PHARMACIES
               TABLE 132 PHARMACIES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 133 PHARMACIES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
   10.5 CONVENIENCE STORES
         10.5.1 EASY ACCESS AND CONVENIENCE FOR CONSUMERS LEAD TO RISE IN SALES THROUGH CONVENIENCE STORES
                TABLE 134 CONVENIENCE STORES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                TABLE 135 CONVENIENCE STORES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
   10.6 ONLINE STORES
        10.6.1 SALES THROUGH ONLINE STORES OFFER FASTER ACCESSIBILITY AND COST EFFECTIVENESS
               TABLE 136 ONLINE STORES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
               TABLE 137 ONLINE STORES MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
   10.7 OTHER DISTRIBUTION CHANNELS
        TABLE 138 OTHER DISTRIBUTION CHANNELS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 139 OTHER DISTRIBUTION CHANNELS MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)

11 DAIRY ALTERNATIVES MARKET, BY BRAND (Page No. - 149)
   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 (Page No. - 152)
   12.1 INTRODUCTION
        FIGURE 37 FRANCE TO RECORD THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
        TABLE 140 DAIRY ALTERNATIVES: MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
        TABLE 141 MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
        TABLE 142 MARKET SIZE, BY REGION, 2016–2019 (MILLION LITERS)
        TABLE 143 MARKET SIZE, BY REGION, 2020–2025 (MILLION LITERS)
        12.1.1 COVID-19 IMPACT ON THE MARKET, BY REGION
               12.1.1.1 Optimistic Scenario
                        TABLE 144 OPTIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
               12.1.1.2 Pessimistic Scenario
                        TABLE 145 PESSIMISTIC SCENARIO: MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
   12.2 NORTH AMERICA
        FIGURE 38 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SNAPSHOT
        TABLE 146 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
        TABLE 147 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
        TABLE 148 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (MILLION LITERS)
        TABLE 149 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (MILLION LITERS)
        TABLE 150 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
        TABLE 151 NORTH AMERICA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
        TABLE 152 NORTH AMERICA: MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
        TABLE 153 NORTH AMERICA: MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
        TABLE 154 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
        TABLE 155 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
        TABLE 156 NORTH AMERICA: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
        TABLE 157 NORTH AMERICA: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
        12.2.1 US
               12.2.1.1 Presence of big players in the US dairy alternatives market
                        TABLE 158 US: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                        TABLE 159 US: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
        12.2.2 CANADA
               12.2.2.1 Rise in demand for protein-rich dairy substitutes in Canada
                        TABLE 160 CANADA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                        TABLE 161 CANADA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
        12.2.3 MEXICO
               12.2.3.1 Rise in urbanization and demand for fortified dairy-free products in Mexico
                        TABLE 162 MEXICO: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                        TABLE 163 MEXICO: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
    12.3 EUROPE
         TABLE 164 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
         TABLE 165 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (MILLION LITERS)
         TABLE 166 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
         TABLE 167 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2025 (MILLION LITERS)
         TABLE 168 EUROPE: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
         TABLE 169 EUROPE: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         TABLE 170 EUROPE: MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
         TABLE 171 EUROPE: MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
         TABLE 172 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
         TABLE 173 EUROPE: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
         TABLE 174 EUROPE: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
         TABLE 175 EUROPE: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
         12.3.1 GERMANY
                12.3.1.1 Growth of the food & beverage industry in Germany
                         TABLE 176 GERMANY: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 177 GERMANY: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.3.2 UK
                12.3.2.1 Consumer inclination toward healthy products on the rise in the UK
                         TABLE 178 UK: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 179 UK: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.3.3 FRANCE
                12.3.3.1 Increase in consumption of soy-based products in France
                         TABLE 180 FRANCE: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 181 FRANCE: MARKET SIZE, BY SOURCE, 2020–2025(USD MILLION)
         12.3.4 ITALY
                12.3.4.1 Large-scale consumption of cheese through the Italian cuisine
                         TABLE 182 ITALY: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 183 ITALY: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.3.5 SPAIN
                12.3.5.1 The rise in prices of raw milk in Spain
                         TABLE 184 SPAIN: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 185 SPAIN: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.3.6 REST OF EUROPE
                TABLE 186 REST OF EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                TABLE 187 REST OF EUROPE: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
    12.4 ASIA PACIFIC
         TABLE 188 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (USD MILLION)
         TABLE 189 ASIA PACIFIC: MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (USD MILLION)
         TABLE 190 ASIA PACIFIC: MARKET SIZE, BY COUNTRY/REGION, 2016–2019 (MILLION LITERS)
         TABLE 191 ASIA PACIFIC: MARKET SIZE, BY COUNTRY/REGION, 2020–2025 (MILLION LITERS)
         TABLE 192 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
         TABLE 193 ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         TABLE 194 ASIA PACIFIC: MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
         TABLE 195 ASIA PACIFIC: MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
         TABLE 196 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
         TABLE 197 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
         TABLE 198 ASIA PACIFIC: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
         TABLE 199 ASIA PACIFIC: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
         12.4.1 CHINA
                12.4.1.1 Applications of soy-derived dairy alternatives in various Chinese cuisines
                         TABLE 200 CHINA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 201 CHINA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.4.2 JAPAN
                12.4.2.1 Rise in demand for high-protein healthy products in Japan
                         TABLE 202 JAPAN: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 203 JAPAN: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.4.3 INDIA
                12.4.3.1 Rise in demand for using dairy-free substitutes in traditional sweets in India
                         TABLE 204 INDIA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 205 INDIA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.4.4 AUSTRALIA & NEW ZEALAND
                12.4.4.1 Rise in trend of demand for nutritional products in Australia & New Zealand
                         TABLE 206 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 207 AUSTRALIA & NEW ZEALAND: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.4.5 REST OF ASIA PACIFIC
                TABLE 208 REST OF ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                TABLE 209 REST OF ASIA PACIFIC: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
    12.5 SOUTH AMERICA
         FIGURE 39 DAIRY ALTERNATIVES CONSUMPTION SHARE IN SOUTH AMERICA, BY KEY COUNTRY, 2017
                   TABLE 210 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                   TABLE 211 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
                   TABLE 212 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (MILLION LITERS)
                   TABLE 213 SOUTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2025 (MILLION LITERS)
                   TABLE 214 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                   TABLE 215 SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
                   TABLE 216 SOUTH AMERICA: MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
                   TABLE 217 SOUTH AMERICA: MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
                   TABLE 218 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                   TABLE 219 SOUTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                   TABLE 220 SOUTH AMERICA: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
                   TABLE 221 SOUTH AMERICA: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
         12.5.1 BRAZIL
                12.5.1.1 Demand for clean label and rise in soy production in Brazil
                         FIGURE 40 BRAZIL: SOYBEAN PRODUCTION, 2012–2018 (MMT)
                         TABLE 222 BRAZIL: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 223 BRAZIL: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.5.2 ARGENTINA
                12.5.2.1 Large local soybean production and growth in demand for clean label products
                         TABLE 224 ARGENTINA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 225 ARGENTINA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.5.3 REST OF SOUTH AMERICA
                TABLE 226 REST OF SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                TABLE 227 REST OF SOUTH AMERICA: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
    12.6 REST OF THE WORLD (ROW)
         TABLE 228 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
         TABLE 229 ROW: MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
         TABLE 230 ROW: MARKET SIZE, BY REGION, 2016–2019 (MILLION LITERS)
         TABLE 231 ROW: MARKET SIZE, BY REGION, 2020–2025 (MILLION LITERS)
         TABLE 232 ROW: MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
         TABLE 233 ROW: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         TABLE 234 ROW: MARKET SIZE, BY FORMULATION, 2016–2019 (USD MILLION)
         TABLE 235 ROW: MARKET SIZE, BY FORMULATION, 2020–2025 (USD MILLION)
         TABLE 236 ROW: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
         TABLE 237 ROW: MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
         TABLE 238 ROW: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2016–2019 (USD MILLION)
         TABLE 239 ROW: MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020–2025 (USD MILLION)
         12.6.1 MIDDLE EAST
                12.6.1.1 High spending power and presence of health-conscious consumers in the Middle East
                         TABLE 240 MIDDLE EAST: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 241 MIDDLE EAST: MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)
         12.6.2 AFRICA
                12.6.2.1 Rise in urbanization and growth of the retail chain to increase demand for dairy alternatives in Africa
                         TABLE 242 AFRICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2016–2019 (USD MILLION)
                         TABLE 243 AFRICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2020–2025 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 207)
   13.1 INTRODUCTION
        FIGURE 41 DAIRY ALTERNATIVE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
   13.2 COMPETITIVE BENCHMARKING
        13.2.1 PRODUCT OFFERING (FOR ALL 25 PLAYERS)
        13.2.2 BUSINESS STRATEGY (FOR ALL 25 PLAYERS)
   13.3 COMPETITIVE LEADERSHIP MAPPING
        13.3.1 STARS
        13.3.2 EMERGING LEADERS
        13.3.3 PERVASIVE PLAYERS
        13.3.4 EMERGING COMPANIES
   13.4 COVID-19-SPECIFIC COMPANY RESPONSE

14 COMPANY PROFILES (Page No. - 213)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
   14.1 THE WHITEWAVE FOODS COMPANY
   14.2 HAIN CELESTIAL
        FIGURE 42 HAIN CELESTIAL: COMPANY SNAPSHOT
   14.3 BLUE DIAMOND GROWERS
        FIGURE 43 BLUE DIAMOND GROWERS: COMPANY SNAPSHOT
   14.4 SUNOPTA
        FIGURE 44 SUNOPTA: COMPANY SNAPSHOT
   14.5 SANITARIUM
   14.6 FREEDOM FOODS GROUP LIMITED
        FIGURE 45 FREEDOM FOODS GROUP LIMITED: COMPANY SNAPSHOT
   14.7 EDEN FOODS, INC.
   14.8 ECOMIL
   14.9 EARTH’S OWN FOOD COMPANY INC.
   14.1 TRIBALLAT NOYAL
   14.11 VALSOIA S.P.A.
         FIGURE 46 VALSOIA S.P.A: COMPANY SNAPSHOT
   14.12 DΦHLER
   14.13 PANOS BRANDS
   14.14 GREEN SPOT CO., LTD.
   14.15 HILAND DAIRY
   14.16 RIPPLE FOODS
   14.17 KITE HILL
   14.18 WAYFARE
   14.19 CALIFIA FARMS
   14.2 DAIYA FOODS INC.
   14.21 PUREHARVEST
   14.22 GOODMYLK
   14.23 VLY
   14.24 MIYOKO’S CREAMERY
   14.25 OATLY INC.
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.

15 ADJACENT AND RELATED MARKETS (Page No. - 256)
   15.1 INTRODUCTION
        TABLE 244 ADJACENT MARKETS TO DAIRY ALTERNATIVES
   15.2 LIMITATIONS
   15.3 PLANT-BASED PROTEIN MARKET
        15.3.1 MARKET DEFINITION
        15.3.2 MARKET OVERVIEW
               FIGURE 47 PLANT-BASED PROTEIN MARKET SIZE, 2017-2025 (USD MILLION)
               TABLE 245 PLANT-BASED PROTEIN MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION)
   15.4 ALMOND INGREDIENTS MARKET
        15.4.1 MARKET DEFINITION
        15.4.2 MARKET OVERVIEW
               FIGURE 48 ALMOND INGREDIENTS MARKET SIZE, 2017–2025 (USD MILLION)
               TABLE 246 ALMOND INGREDIENTS MARKET SIZE, BY APPLICATION, 2017–2025 (USD MILLION)

16 APPENDIX (Page No. - 260)
   16.1 DISCUSSION GUIDE
   16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
   16.3 AVAILABLE CUSTOMIZATIONS
   16.4 RELATED REPORTS
   16.5 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 alternative 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 2020 to 2025
  • 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
Jun, 2020
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