Dairy Alternatives Market

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Oats, Rice, Hemp), Application (Milk, Yogurt, Ice creams, Cheese, Creamers), Distribution Channel (Supermarkets, Health Food Stores, Pharmacies), Formulation, and Region - Global Forecast to 2026

Report Code: FB 1142 Jan, 2021, by marketsandmarkets.com

[196 Pages Report] According to MarketsandMarkets, the dairy alternatives market is estimated to be valued at USD 22.6 billion in 2020 and is projected to reach USD 40.6 billion by 2026, recording a CAGR of 10.3% in terms of value. It is witnessing significant growth due to increasing instances of lactose allergies, changing consumer lifestyles, and growing health awareness among consumers. Consumers are increasingly adopting a vegan diet contributing to the growth of the dairy alternatives market. The Asia Pacific region will dominate the market due to the agricultural production base for plant-based sources.

Dairy Alternatives Market

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Market Dynamics

Drivers: Rising cases of lactose intolerance and milk allergies

The increasing number of lactose-intolerant and dairy-allergic consumers have accelerated the growth of the dairy alternatives market. Lactose is the major carbohydrate in milk and other dairy foods such as ice cream, cheese, and yogurt. The symptoms of lactose intolerance among individuals include abdominal pain, diarrhea, nausea, gut distension, flatulence, and constipation. The increasing number of these allergies promotes the consumption of dairy alternatives as consumers are more aware of healthy eating habits. Consequently, the demand for a variety of dairy alternatives such as plant-based non-dairy products such as milk, ice creams, creamers, cheese, among others, is gaining importance among these consumers.  

Restraints: Allergies associated with plant-based sources, such as soy and almonds

One of the major factors restraining the growth of dairy alternatives market is allergies associated with the plant-based sources used to manufacture alternative dairy products. Although soybeans are rich in nutrient content, the presence of anti-nutritional components in soy could cause allergies. A soy allergy occurs when the human immune system mistakes the harmless proteins found in soy as harmful and produces antibodies to combat them. Similarly, tree nuts such as almonds are one of the ingredients that cause allergies. Owing to this, these individuals have to avoid almond-based products such as almond milk and other non-dairy products made from almonds.

Opportunities: Rising demand for organic food & beverages

Organic food & beverages have the potential to change the business landscape in the overall dairy alternatives market. Changing consumer preferences have been oriented toward healthy food & beverages; this is attributed to a rise in awareness about the functional health benefits in the consumption of organic food products. Clean-label food & beverages have been attracting consumers globally, resulting in a rise in demand for organic ingredients. Developing countries such as China and India are projected to witness a strong surge in demand from the supply side for organic food ingredients during the forecast period.

Challenges: 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 price of dairy alternatives depends on the supply of raw materials; owing to this, 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 product sales.

By source, the almond segment is projected to grow with the highest CAGR in the dairy alternatives market during the forecast period

Based on source, almond is the fastest-growing segment in the market. The growth of almond-based dairy alternatives is attributed to factors such as high nutritional content, easy availability of raw materials, and increased popularity in the market. Almond offers a nutty flavor and it can be consumed by vegans.  

By distribution channel, online stores is projected to grow with the highest CAGR in the dairy alternatives market during the forecast period

Based on the distribution channel, online stores will be the fastest-growing segment in the dairy alternatives market. Online stores are easily accessible and are cost-effective. They also offer consumers alternative dairy products at discounted prices as compared to traditional retail prices.

By application, the milk segment is projected to account for the largest share in the dairy alternatives market during the forecast period

By application, the dairy alternatives market is segmented into milk, yogurt, ice creams, cheese, and creamers. Milk segment dominated the market owing to rising health concerns relates to lactose intolerance and hectic lifestyles of the consumers. Plant-based milk products are highly nutritious and are available in various flavors.  

Dairy Alternatives Market by Region

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

The global dairy alternatives market is dominated by the Asia Pacific region due to the changing lifestyles of consumers and increase in consumption of clean label products. Consumers are also more aware about their health and wellness, which is further fueling the demand for dairy alternatives in the region.

The Asia Pacific dairy alternatives market is also driven by large economies such as China, Japan, and Australia. The overall investment in the region has increased substantially over the past few years, especially in China.

Key Market Players:

The Hain Celestial (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium Health and Wellbeing Company (Australia), Danone (France), Freedom Foods Group (Australia), Earth’s Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Panos Brands (US), Melt Organic (US), Oatly (Sweden), Living Harvest Foods (US), Ripple Foods (US), Kite Hill (US), Califia Farms (US), Hudson River Foods Inc. (US), Daiya Foods Inc. (Canada), Pureharvest (Australia), Yoconut Dairy Free (US), and Yumbutter (US).

Scope of the report

Report Metric

Details

Market size estimation

2018–2026

Base year considered

2019

Forecast period considered

2020–2026

Units considered

Value (USD) & Volume (ML)

Segments covered

Source, applications, distribution channel, formulation, and region

Regions covered

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

Companies studied

  • The Hain Celestial (US)
  • Blue Diamond Growers (US)
  • SunOpta (Canada)
  • Sanitarium Health and Wellbeing Company (Australia)
  • Danone (France)
  • Freedom Foods Group (Australia)
  • Earth’s Own Food Company (Canada)
  • Triballat Noyal (France)
  • Valsoia S.P.A (Italy)
  • Panos Brands (US)
  • Melt Organic (US)
  • Oatly (Sweden)
  • Living Harvest Foods (US)
  • Ripple Foods (US)
  • Kite Hill (US)
  • Califia Farms (US)
  • Hudson River Foods Inc. (US)
  • Daiya Foods Inc. (Canada)
  • Pureharvest (Australia)
  • Yoconut Dairy Free (US)
  • Yumbutter (US)

Target Audience:

  • Raw material suppliers
  • Global and regional processed foods manufacturers
  • Dairy alternative manufacturers and suppliers
  • Commercial research and development (R&D) institutions and financial institutions
  • Government and research organizations
  • CEOs and vice presidents
  • Marketing directors
  • Product innovation directors and related key executives from manufacturing companies and organizations operating in the market
  • Importers and exporters of dairy alternatives

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

By Application

  • Milk
  • Yogurt
  • Ice creams
  • Cheese
  • Creamers
  • Other applications (butter, sauces, dressings, tofu, and smoothies)

By Source

  • Soy
  • Almond
  • Coconut
  • Rice
  • Oats
  • Hemp
  • Other sources (cashews and hazelnuts)

By Distribution Channel

  • Supermarkets & hypermarkets
  • Health food stores
  • Pharmacies
  • Convenience stores
  • Online stores
  • Other distribution channels (direct sales by manufacturers, gourmet stores, bakeries, warehouse clubs, and mass merchandizers)

By Formulation

  • Flavored
  • Plain

By Region:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Rest of the World (RoW)
    • Africa
    • Middle East

Recent Developments

  • In November 2020, SunOpta announced its investment of USD 26 million into its Minnesota-based oat processing facility. This will enable the company to meet the rising demand for oat milk in the US. The Minnesota facility produces oat base, which is used for plant-based ice creams and yogurts as well as milk alternatives
  • In May 2020, Blue Diamond Growers focused on the strategic decision of two major expansions. The first expansion is 52,000-square foot addition to the existing 200,000 square-foot Turlock manufacturing plant. The second expansion is the new Bulk 8 warehouse at the Salida facility. This expansion will provide space for a future manufacturing line to support its current business and innovations.
  • In March 2020, Melt Organic launched Butter Sticks Unsalted. The product is made from a perfect blend of fruit- and plant-based oils featuring certified organic, non-GMO coconut oil. This product was launched to meet the consumer demand for an unsalted product for baking and cooking needs. 
  • In October 2019, Blue Diamond Growers expanded its selection of Almond Breeze products with another Latin American beverage, Almond Breeze Almondmilk Mexican Hot Chocolate. The new product will help consumers to easily navigate dietary restrictions and enjoy the flavor of non-dairy alternatives.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 24)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           FIGURE 1 MARKET SEGMENTATION
    1.4 REGIONS COVERED
    1.5 PERIODIZATION CONSIDERED
    1.6 CURRENCY CONSIDERED
           TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019
    1.7 VOLUME UNIT CONSIDERED
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES
 
2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
           FIGURE 2 DAIRY ALTERNATIVES MARKET: RESEARCH DESIGN
           FIGURE 3 KEY DATA FROM PRIMARY SOURCES
    2.2 MARKET SIZE ESTIMATION
           2.2.1 APPROACH ONE (BASED ON APPLICATION, BY REGION)
           2.2.2 APPROACH TWO (BASED ON GLOBAL MARKET)
    2.3 DATA TRIANGULATION
           FIGURE 4 DATA TRIANGULATION METHODOLOGY
    2.4 ASSUMPTIONS FOR THE STUDY
    2.5 LIMITATIONS OF THE STUDY
    2.6 SCENARIO-BASED MODELING
    2.7 COVID-19 HEALTH ASSESSMENT
           FIGURE 5 COVID-19: THE GLOBAL PROPAGATION
           FIGURE 6 COVID-19 PROPAGATION: SELECT COUNTRIES
    2.8 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 7 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           2.8.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
           FIGURE 8 CRITERIA IMPACTING THE GLOBAL ECONOMY
           FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY
 
3 EXECUTIVE SUMMARY (Page No. - 42)
           TABLE 2 DAIRY ALTERNATIVES MARKET SHARE SNAPSHOT, 2020 VS. 2026 (USD BILLION)
           FIGURE 10 IMPACT OF COVID-19 ON THE DAIRY ALTERNATIVES MARKET SIZE,  BY SCENARIO, 2020-2021 (USD BILLION)
           FIGURE 11 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2020 VS. 2026 (USD MILLION)
           FIGURE 12 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2020 VS. 2026 (USD MILLION)
           FIGURE 13 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2020 VS. 2026 (USD MILLION)
           FIGURE 14 DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2020 VS. 2026 (USD BILLION)
           FIGURE 15 DAIRY ALTERNATIVES MARKET SHARE AND GROWTH RATE  (VALUE), BY REGION, 2019
 
4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET
           FIGURE 16 GROWING VEGAN AND FLEXITARIAN POPULATION ACROSS THE WORLD AND DEMAND FOR LACTOSE-FREE FOOD & BEVERAGE PRODUCTS TO PROPEL THE MARKET
    4.2 DAIRY ALTERNATIVES MARKET: MAJOR REGIONAL SUBMARKETS
           FIGURE 17 ASIA PACIFIC WAS THE LARGEST MARKET GLOBALLY FOR DAIRY ALTERNATIVES IN 2019
    4.3 EUROPE: DAIRY ALTERNATIVES MARKET, BY KEY APPLICATION AND COUNTRY
           FIGURE 18 SPAIN ACCOUNTED FOR THE LARGEST SHARE IN THE EUROPEAN MARKET  IN 2019
    4.4 DAIRY ALTERNATIVES MARKET, BY APPLICATION
           FIGURE 19 MILK SEGMENT PROJECTED TO DOMINATE THE DAIRY ALTERNATIVES MARKET DURING THE FORECAST PERIOD
    4.5 DAIRY ALTERNATIVES MARKET, BY SOURCE AND REGION
           FIGURE 20 ASIA PACIFIC IS ESTIMATED TO DOMINATE THE MARKET FOR DAIRY ALTERNATIVES DURING THE FORECAST PERIOD
    4.6 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL
           FIGURE 21 SUPERMARKETS & HYPERMARKETS SEGMENT PROJECTED TO DOMINATE THE DAIRY ALTERNATIVES MARKET DURING THE FORECAST PERIOD
           FIGURE 22 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET: COMPARISON OF PRE- AND POST-COVID-19 SCENARIOS
 
5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 23 DAIRY ALTERNATIVES MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing consumer preference for a vegan diet
           FIGURE 24 UK VEGAN POPULATION, 2014-2019
                    5.2.1.2 Nutritional benefits offered by plant-based food
           TABLE 3 NUTRITIONAL COMPARISON OF DAIRY AND NON-DAIRY MILK
                    5.2.1.3 Rising cases of lactose intolerance and milk allergies
           TABLE 4 LACTOSE CONTENT IN DAIRY FOOD PRODUCTS
           TABLE 5 TOP 10 COUNTRIES WITH LACTOSE-INTOLERANT POPULATION
           5.2.2 RESTRAINTS
                    5.2.2.1 Allergies associated with plant-based sources, such as soy and almonds
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing demand from emerging economies
                    5.2.3.2 Favorable marketing and correct positioning of dairy alternatives
                    5.2.3.3 Rising demand for organic food & beverages
           5.2.4 CHALLENGES
                    5.2.4.1 Limited awareness among consumers
                    5.2.4.2 Genetically modified (GM) soybeans
                    5.2.4.3 Volatile prices of raw materials
           FIGURE 25 GLOBAL AVERAGE PRICE OF RAW MATERIALS, 2015-2019 (USD/KG)
    5.3 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET
           TABLE 6 GLOBAL AVERAGE PRICE OF DAIRY ALTERNATIVES (USD/LITER), BY APPLICATION
    5.4 PATENT ANALYSIS
           TABLE 7 FEW PATENTS PERTAINING TO DAIRY ALTERNATIVES, 2019–2020
    5.5 VALUE CHAIN
           FIGURE 26 DAIRY ALTERNATIVES MARKET: VALUE CHAIN
    5.6 ECOSYSTEM/MARKET MAP FOR DAIRY ALTERNATIVES
           FIGURE 27 ECOSYSTEM VIEW
    5.7 KEY MARKETS FOR IMPORT/EXPORT
           5.7.1 ALMONDS
           TABLE 8 TOP 10 IMPORTERS AND EXPORTERS OF ALMONDS, 2019 (KT)
           5.7.2 SOYBEANS
           TABLE 9 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEANS, 2019 (KT)
           5.7.3 OATS
           TABLE 10 TOP 10 IMPORTERS AND EXPORTERS OF OATS, 2019 (KT)
           5.7.4 RICE
           TABLE 11 TOP 10 IMPORTERS AND EXPORTERS OF RICE, 2019 (KT)
           5.7.5 COCONUTS
           TABLE 12 TOP 10 IMPORTERS AND EXPORTERS OF COCONUTS, 2019 (KT)
           5.7.6 HEMP
           TABLE 13 TOP 10 IMPORTERS AND EXPORTERS OF HEMP, 2019 (TON)
    5.8 PORTER’S FIVE FORCES ANALYSIS
           5.8.1 DAIRY ALTERNATIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.9 CASE STUDY
    5.1 YC-YCC SHIFT
           FIGURE 28 YC & YCC SHIFT FOR THE DAIRY ALTERNATIVES MARKET
 
6 DAIRY ALTERNATIVES MARKET, BY SOURCE (Page No. - 69)
    6.1 INTRODUCTION
           FIGURE 29 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2020 VS. 2026 (USD MILLION)
           TABLE 14 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
    6.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET,  BY SOURCE
           6.2.1 OPTIMISTIC SCENARIO
           TABLE 15 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2021 (USD MILLION)
           6.2.2 REALISTIC SCENARIO
           TABLE 16 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2021 (USD MILLION)
           6.2.3 PESSIMISTIC SCENARIO
           TABLE 17 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2021 (USD MILLION)
    6.3 SOY
           6.3.1 EASY AVAILABILITY AND HIGH ACCEPTABILITY OF SOY-BASED PRODUCTS TO DRIVE THE MARKET FOR SOY-DERIVED DAIRY ALTERNATIVES
           TABLE 18 SOY: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.4 ALMOND
           6.4.1 RISING DEMAND FOR BLENDED FORMS OF THE PRODUCT TO DRIVE THE MARKET FOR ALMOND-BASED DAIRY ALTERNATIVES
           TABLE 19 ALMOND: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.5 COCONUT
           6.5.1 HIGH PALATABILITY, NUTRITIONAL LEVEL, AND GOOD FOR HEART PROPERTIES OF COCONUT TO DRIVE THE DEMAND FOR COCONUT-BASED DAIRY ALTERNATIVES
           TABLE 20 COCONUT: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.6 RICE
           6.6.1 LOW RISK OF ALLERGIES AND COMPARATIVELY LIGHT AND BLAND TASTE TO DRIVE THE MARKET FOR RICE-DERIVED DAIRY ALTERNATIVE PRODUCTS
           TABLE 21 RICE: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.7 OATS
           6.7.1 RICH NUTRITIONAL CONTENT AND CANCER CURING PROPERTIES TO DRIVE THE MARKET FOR OAT-BASED DAIRY ALTERNATIVES
           TABLE 22 OATS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.8 HEMP
           6.8.1 RISING AWARENESS REGARDING HEALTH BENEFITS OFFERED  BY HEMP-BASED PRODUCTS TO DRIVE THE MARKET FOR HEMP-SOURCED DAIRY ALTERNATIVES
           TABLE 23 HEMP: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    6.9 OTHER SOURCES
           TABLE 24 OTHER SOURCES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
 
7 DAIRY ALTERNATIVES MARKET, BY APPLICATION (Page No. - 78)
    7.1 INTRODUCTION
           FIGURE 30 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2020 VS. 2026 (USD MILLION)
           TABLE 25 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
    7.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET,  BY APPLICATION
           7.2.1 OPTIMISTIC SCENARIO
           TABLE 26 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2021 (USD MILLION)
           7.2.2 REALISTIC SCENARIO
           TABLE 27 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2021 (USD MILLION)
           7.2.3 PESSIMISTIC SCENARIO
           TABLE 28 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2021 (USD MILLION)
    7.3 MILK
           7.3.1 RISING AWARENESS ABOUT HEALTH AND WELLNESS TO DRIVE THE MARKET FOR DAIRY-FREE MILK PRODUCTS
           TABLE 29 MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    7.4 ICE CREAMS
           7.4.1 RISING DEMAND FOR CHOLESTEROL- AND FAT-FREE DESSERTS TO DRIVE THE NON-DAIRY FROZEN DESSERTS MARKET
           TABLE 30 ICE CREAMS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    7.5 YOGURT
           7.5.1 INNOVATION IN TERMS OF FLAVORS IS GOING TO CREATE OPPORTUNITIES FOR NON-DAIRY YOGURT MANUFACTURERS
           TABLE 31 YOGURT: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    7.6 CHEESE
           7.6.1 RISING NUMBER OF LACTOSE-INTOLERANT CONSUMERS TO DRIVE THE DEMAND FOR DAIRY-FREE CHEESE
           TABLE 32 CHEESE: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    7.7 CREAMERS
           7.7.1 HUGE INVESTMENTS IN R&D ACTIVITIES WILL LEAD TO THE DEVELOPMENT OF NEW AND INNOVATIVE DAIRY-FREE CREAMERS
           TABLE 33 CREAMERS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    7.8 OTHER APPLICATIONS
           TABLE 34 OTHER APPLICATIONS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
 
8 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (Page No. - 86)
    8.1 INTRODUCTION
           FIGURE 31 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,  2020 VS. 2026 (USD MILLION)
           TABLE 35 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,  2018–2026 (USD MILLION)
    8.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET,  BY DISTRIBUTION CHANNEL
           8.2.1 OPTIMISTIC SCENARIO
           TABLE 36 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION)
           8.2.2 REALISTIC SCENARIO
           TABLE 37 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION)
           8.2.3 PESSIMISTIC SCENARIO
           TABLE 38 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION)
    8.3 SUPERMARKETS & HYPERMARKETS
           8.3.1 SUPERMARKETS & HYPERMARKETS ARE PREFERRED CHANNELS OF DISTRIBUTION FOR DAIRY ALTERNATIVES AS MULTIPLE OPTIONS CAN BE OFFERED TO CONSUMERS
           TABLE 39 SUPERMARKETS & HYPERMARKETS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    8.4 HEALTH FOOD STORES
           8.4.1 HEALTH BENEFITS OFFERED BY DAIRY ALTERNATIVES MAKE THEM AN INTEGRAL PART OF HEALTH FOOD STORES
           TABLE 40 HEALTH FOOD STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    8.5 PHARMACIES
           8.5.1 RISING HEALTH ISSUES AND PRESCRIPTIONS FROM DOCTORS FOR ALLERGIES TEND TO INCREASE THE SALES OF DAIRY ALTERNATIVES THROUGH PHARMACIES
           TABLE 41 PHARMACIES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    8.6 CONVENIENCE STORES
           8.6.1 EASY ACCESSIBILITY AND CONVENIENCE FOR CONSUMERS WILL LEAD TO A RISE IN SALES THROUGH CONVENIENCE STORES
           TABLE 42 CONVENIENCE STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    8.7 ONLINE STORES
           8.7.1 ONLINE SELLING PLATFORMS OFFER FASTER ACCESSIBILITY AND COST EFFECTIVENESS
           TABLE 43 ONLINE STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
    8.8 OTHER DISTRIBUTION CHANNELS
           TABLE 44 OTHER DISTRIBUTION CHANNELS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
 
9 DAIRY ALTERNATIVES MARKET, BY FORMULATION (Page No. - 94)
    9.1 INTRODUCTION
           FIGURE 32 DAIRY ALTERNATIVES MARKET SHARE, BY FORMULATION,  2020 VS. 2026 (USD MILLION)
           TABLE 45 DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION, 2018–2026 (USD MILLION)
    9.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET,  BY FORMULATION
           9.2.1 OPTIMISTIC SCENARIO
           TABLE 46 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2021 (USD MILLION)
           9.2.2 REALISTIC SCENARIO
           TABLE 47 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2021 (USD MILLION)
           9.2.3 PESSIMISTIC SCENARIO
           TABLE 48 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2021 (USD MILLION)
    9.3 FLAVORED
           9.3.1 RISING DEMAND FOR BLENDED VERSIONS OF FLAVORED & SWEETENED PRODUCTS
           TABLE 49 FLAVORED: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
    9.4 PLAIN
           9.4.1 PLAIN SOY AND ALMOND MILK ARE LARGELY CONSUMED BY VEGAN AND LACTOSE-INTOLERANT CONSUMERS
           TABLE 50 PLAIN: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
 
10 DAIRY ALTERNATIVES MARKET, BY NUTRIENTS (Page No. - 99)
     10.1 INTRODUCTION
           TABLE 51 NUTRITIONAL COMPARISON OF DAIRY AND NON-DAIRY MILK
     10.2 CALORIES
     10.3 PROTEIN
     10.4 CARBOHYDRATES
     10.5 VITAMINS
     10.6 OTHERS
 
11 DAIRY ALTERNATIVES MARKET, BY REGION (Page No. - 101)
     11.1 INTRODUCTION
           FIGURE 33 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN EUROPE,  2020–2026
           TABLE 52 DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 53 DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (MILLION LITERS)
     11.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET,  BY REGION
             11.2.1 OPTIMISTIC SCENARIO
           TABLE 54 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
             11.2.2 REALISTIC SCENARIO
           TABLE 55 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
             11.2.3 PESSIMISTIC SCENARIO
           TABLE 56 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2021 (USD MILLION)
     11.3 REGULATORY FRAMEWORK
             11.3.1 FOOD AND DRUG ADMINISTRATION (FDA)
             11.3.2 FOOD STANDARDS AUSTRALIA NEW ZEALAND (FSANZ)
           TABLE 57 SOME OF THE MANDATORY ADVISORY STATEMENTS GIVEN BY FSANZ
             11.3.3 EUROPEAN COURT OF JUSTICE
     11.4 NORTH AMERICA
           TABLE 58 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,  2018–2026 (USD MILLION)
           TABLE 59 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,  2018–2026 (MILLION LITERS)
           TABLE 60 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2026 (USD MILLION)
           TABLE 61 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
           TABLE 62 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION)
           TABLE 63 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2026 (USD MILLION)
             11.4.1 US
                        11.4.1.1 Rising awareness about health & wellness among consumers and allergen concerns to drive the dairy alternatives market
           FIGURE 34 US: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 64 US: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.4.2 CANADA
                        11.4.2.1 Measures taken by the Canadian government and huge investments in the processing industry to drive the dairy alternatives market
           TABLE 65 CANADA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.4.3 MEXICO
                        11.4.3.1 Changing consumer preferences and rising imports of plant sources lead to the growth of the Mexican dairy alternatives market
           TABLE 66 MEXICO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
     11.5 EUROPE
           FIGURE 35 EUROPE: DAIRY ALTERNATIVES MARKET SNAPSHOT
           TABLE 67 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2018–2026 (USD MILLION)
           TABLE 68 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,  2018–2026 (MILLION LITERS)
           TABLE 69 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2026 (USD MILLION)
           TABLE 70 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 71 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,  2018–2026 (USD MILLION)
           TABLE 72 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2026 (USD MILLION)
             11.5.1 FRANCE
                        11.5.1.1 Rising vegan trend is expected to drive the dairy alternatives market in France
           FIGURE 36 FRANCE: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 73 FRANCE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.5.2 SPAIN
                        11.5.2.1 Rising prices of raw milk in Spain projected to drive the dairy alternatives market
           FIGURE 37 SPAIN: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 74 SPAIN: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.5.3 UK
                        11.5.3.1 Consumer inclination toward healthy products to drive the dairy alternatives market in the UK
           FIGURE 38 UK: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 75 UK: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.5.4 GERMANY
                        11.5.4.1 The growing food & beverage industry in Germany is expected to drive the dairy alternatives market
           FIGURE 39 GERMANY: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 76 GERMANY: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.5.5 ITALY
                        11.5.5.1 Dairy products, being an integral part of diets, to create an opportunity for dairy alternative manufacturers in Italy
           TABLE 77 ITALY: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.5.6 REST OF EUROPE
           TABLE 78 REST OF EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
     11.6 ASIA PACIFIC
           FIGURE 40 ASIA PACIFIC: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           FIGURE 41 ASIA PACIFIC: REASONS FOR DAIRY AVOIDANCE
           FIGURE 42 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SNAPSHOT
           TABLE 79 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY/REGION,  2018–2026 (USD MILLION)
           TABLE 80 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY/REGION,  2018–2026 (MILLION LITERS)
           TABLE 81 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2026 (USD MILLION)
           TABLE 82 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
           TABLE 83 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,  2018–2026 (USD MILLION)
           TABLE 84 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2026 (USD MILLION)
             11.6.1 CHINA
                        11.6.1.1 Applications of soy-derived dairy alternatives in various Chinese cuisines to drive the overall growth
           FIGURE 43 CHINA: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 85 CHINA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.6.2 JAPAN
                        11.6.2.1 Changing dietary patterns of the Japanese population fuel the growth of plant-based milk
           FIGURE 44 JAPAN: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES
           TABLE 86 JAPAN: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.6.3 AUSTRALIA & NEW ZEALAND
                        11.6.3.1 Consumers seeking nutritional products to drive the growth
           TABLE 87 AUSTRALIA & NEW ZEALAND: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
             11.6.4 INDIA
                        11.6.4.1 Change in dietary preferences among consumers to drive the growth
           TABLE 88 INDIA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.6.5 REST OF ASIA PACIFIC
                        11.6.5.1 Consumer inclination toward vegetarian and plant-based healthy products to drive the growth
           TABLE 89 REST OF ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
     11.7 SOUTH AMERICA
           TABLE 90 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (USD MILLION)
           TABLE 91 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,  2018–2026 (MILLION LITERS)
           TABLE 92 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,  2018–2026 (USD MILLION)
           TABLE 93 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
           TABLE 94 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION)
           TABLE 95 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2026 (USD MILLION)
             11.7.1 BRAZIL
                        11.7.1.1 Growth in soybean production and rising health concerns among consumers to drive the dairy alternatives market in Brazil
           FIGURE 45 SOYBEAN PRODUCTION IN BRAZIL, 2015-2020 (MMT)
           TABLE 96 BRAZIL: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
             11.7.2 ARGENTINA
                        11.7.2.1 Rising concerns about clean label products and growing vegan trend to drive the dairy alternatives market in Argentina
           TABLE 97 ARGENTINA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
             11.7.3 REST OF SOUTH AMERICA
           TABLE 98 REST OF SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
     11.8 REST OF THE WORLD (ROW)
           TABLE 99 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION)
           TABLE 100 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (MILLION LITERS)
           TABLE 101 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION)
           TABLE 102 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
           TABLE 103 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,  2018–2026 (USD MILLION)
           TABLE 104 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,  2018–2026 (USD MILLION)
             11.8.1 MIDDLE EAST
                        11.8.1.1 Rising demand for functional foods and nutritional products to drive the growth
           TABLE 105 MIDDLE EAST: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,  2018–2026 (USD MILLION)
             11.8.2 AFRICA
                        11.8.2.1 Rise in health concerns among consumers to drive the growth
           TABLE 106 AFRICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 140)
     12.1 OVERVIEW
     12.2 MARKET SHARE ANALYSIS, 2019
           FIGURE 46 MARKET SHARE ANALYSIS OF MAJOR PLAYERS IN THE DAIRY ALTERNATIVES MARKET, 2019
     12.3 COMPANY EVALUATION QUADRANT, 2019 (KEY PLAYERS)
             12.3.1 STARS
             12.3.2 EMERGING LEADERS
             12.3.3 PERVASIVE PLAYERS
             12.3.4 PARTICIPANTS
           FIGURE 47 DAIRY ALTERNATIVES MARKET: COMPANY EVALUATION QUADRANT,  2019 (KEY PLAYERS)
     12.4 PRODUCT FOOTPRINT
           TABLE 107 DAIRY ALTERNATIVES MARKET: COMPANY SOURCE FOOTPRINT
           TABLE 108 DAIRY ALTERNATIVES MARKET: COMPANY APPLICATION FOOTPRINT
           TABLE 109 DAIRY ALTERNATIVES MARKET: COMPANY REGIONAL FOOTPRINT
     12.5 COMPANY EVALUATION QUADRANT (OTHER PLAYERS)
             12.5.1 PROGRESSIVE COMPANIES
             12.5.2 STARTING BLOCKS
             12.5.3 RESPONSIVE COMPANIES
             12.5.4 DYNAMIC COMPANIES
           FIGURE 48 DAIRY ALTERNATIVES MARKET: COMPANY EVALUATION QUADRANT  FOR OTHER PLAYERS, 2019
     12.6 COVID-19-SPECIFIC COMPANY RESPONSE
     12.7 COMPETITIVE SCENARIO
             12.7.1 EXPANSIONS & INVESTMENTS
           TABLE 110 EXPANSIONS & INVESTMENTS, 2019-2020
             12.7.2 NEW PRODUCT LAUNCHES
           TABLE 111 NEW PRODUCT LAUNCHES, 2019-2020
             12.7.3 AGREEMENTS
           TABLE 112 AGREEMENTS, 2019
 
13 COMPANY PROFILES (Page No. - 149)
     13.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)* 
             13.1.1 THE HAIN CELESTIAL
           FIGURE 49 THE HAIN CELESTIAL: COMPANY SNAPSHOT
           FIGURE 50 THE HAIN CELESTIAL: SWOT ANALYSIS
             13.1.2 BLUE DIAMOND GROWERS
           FIGURE 51 BLUE DIAMOND GROWERS: COMPANY SNAPSHOT
           FIGURE 52 BLUE DIAMOND GROWERS: SWOT ANALYSIS
             13.1.3 SUNOPTA
           FIGURE 53 SUNOPTA: COMPANY SNAPSHOT
           FIGURE 54 SUNOPTA: SWOT ANALYSIS
             13.1.4 SANITARIUM HEALTH AND WELLBEING COMPANY
           FIGURE 55 SANITARIUM HEALTH AND WELLBEING COMPANY: SWOT ANALYSIS
             13.1.5 DANONE
           FIGURE 56 DANONE: COMPANY SNAPSHOT
           FIGURE 57 DANONE: SWOT ANALYSIS
             13.1.6 FREEDOM FOODS GROUP
           FIGURE 58 FREEDOM FOODS GROUP: COMPANY SNAPSHOT
           FIGURE 59 FREEDOM FOODS GROUP: SWOT ANALYSIS
             13.1.7 EARTH’S OWN FOOD COMPANY
             13.1.8 TRIBALLAT NOYAL
             13.1.9 VALSOIA S.P.A
           FIGURE 60 VALSOIA S.P.A: COMPANY SNAPSHOT
             13.1.10 PANOS BRANDS
     13.2 OTHER PLAYERS
             13.2.1 MELT ORGANIC
             13.2.2 OATLY
             13.2.3 LIVING HARVEST FOODS
             13.2.4 RIPPLE FOODS
             13.2.5 KITE HILL
             13.2.6 CALIFIA FARMS
             13.2.7 HUDSON RIVER FOODS INC.
             13.2.8 DAIYA FOODS INC.
             13.2.9 PUREHARVEST
             13.2.10 YOCONUT DAIRY FREE
             13.2.11 YUMBUTTER
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies. 
 
14 APPENDIX (Page No. - 188)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved four major activities in estimating the dairy alternatives market size. Exhaustive secondary research was conducted to collect information on the market, peer market, and parent market. 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 secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold & silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of the market is characterized by the presence of global and regional processed food manufacturers, food, beverage, and nutraceutical companies, commercial research and development institutions, and government & research organizations. The supply side is characterized by the presence of key CEOs and vice presidents, dairy alternative product manufacturers, plant-based milk manufacturers and suppliers, marketing directors, product innovation directors and related key executives from manufacturing companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Given below is the breakdown of the primary respondents.

Dairy Alternatives Market Size, and Share

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 subsegments in the market. The research methodology used to estimate the market size include the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the dairy alternatives market, in terms of value and volume, 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, newsletters of top market players, along with extensive interviews for opinions from key 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 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 matches, the data is assumed to be correct.

Report Objectives

  • To describe and forecast the dairy alternatives market, in terms of source, application, distribution channel, formulation, and region
  • To describe and forecast the dairy alternatives market, in terms of value, by region–North America, Europe, Asia Pacific, South America, and the Rest of the World—along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the dairy alternatives market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the dairy alternatives market
  • To strategically profile the key players and comprehensively analyze their market positions, in terms of ranking and core competencies, along with details on the competitive landscape of market leaders
  • To analyze strategic approaches, such as expansions & investments, product launches & approvals, and agreements, in the dairy alternatives market

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to client-specific requirements. The available customization options are as follows:

Geographic Analysis

  • Further breakdown of the Rest of European dairy alternatives market, by key country
  • Further breakdown of the Rest of Asia Pacific dairy alternatives market, by key country

Segment Analysis

  • Further breakdown of the source segment into major countries.
COVID-19

Get in-depth analysis of the COVID-19 impact on the Dairy Alternatives Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Dairy Alternatives Market

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FB 1142
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Jan, 2021
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