Dairy Alternatives Market

Dairy Alternatives Market by Type (Soy, Almond, Coconut, Rice, Oat, Hemp), Formulation (Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened), Application (Food, Beverages), and Region - Global Forecast to 2022

Report Code: FB 1142 Jun, 2017, by marketsandmarkets.com

The global dairy alternatives market was valued at USD 7.37 billion in 2016 and is projected to reach USD 14.36 billion by 2022, at a CAGR of 11.7% during the forecast period.

The periodization of the entire study period is considered as follows:

  • Base year: 2016
  • Forecast period: 2017–2022

The objectives of the study are as follows:

  • To define, segment, and project the global dairy alternatives market size with respect to type, application, formulation, and key regions
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze opportunities in the market for stakeholders and provide the competitive landscape of market leaders
  • To project the size of the market and its submarkets in terms of value and volume, with respect to regions (along with key countries)
  • To strategically profile key players and comprehensively analyze their market position and core competencies
  • To analyze competitive developments such as such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, and collaborations in the dairy alternatives market

Research Methodology

This report includes estimations of the market size in terms of value (USD million) and volume and (KT). Both top-down and bottom-up approaches have been used to estimate and validate the size of the dairy alternatives market and of various other dependent submarkets. Key players in the market have been identified through secondary research, and their market share in the respective regions has been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources such as Food and Agriculture Organization (FAO), The U.S. Department of Agriculture (USDA), International Food and Agribusiness Management (IFAM), and World Health Organization (WHO) to identify and collect information useful for a technical, market-oriented, and commercial study of the dairy alternatives market.

Dairy Alternatives Market

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

The market for dairy alternatives is dominated by key players such as Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), Blue Diamond Growers (U.S.), and SunOpta Inc. (Canada). Other players include Freedom Foods (Australia), Eden Foods (U.S.), Nutriops SL. (Spain), Earth's Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), and Dφhler GmbH. (Germany).

Target Audience:

  • Food & beverage manufacturers, suppliers, and processors
  • R&D institutions
  •  Traders & retailers
  • Distributors, importers, and exporters
  • Regulatory bodies
  • Organizations such as the Food and Drug Administration (FDA), United States Department of Agriculture (USDA), European Food Safety Authority (EFSA), and Food Safety Australia and New Zealand (FSANZ)
  • Government agencies
  •  Intermediary suppliers
  • Universities and industry bodies
  • End users

Scope of the report:

Based on type, the dairy alternatives market has been segmented as follows:

  • Almond
  • Soy
  • Coconut
  • Oat
  • Rice
  • Hemp

Based on application, the dairy alternatives market has been segmented as follows:

  • Food
  • Beverages

Based on formulation, the dairy alternatives market has been segmented as follows:

  • Plain & sweetened
  • Plain & unsweetened
  • Flavored & sweetened
  • Flavored & unsweetened

Based on region, the dairy alternatives market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific 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 the volume level can also be provided

Regional Analysis:

  • Further breakdown of the Rest of European dairy alternatives market into Greece and 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 analysis and profiling of additional market players (up to five)

The dairy alternatives market is estimated to be valued at USD 8.24 billion in 2017 and is projected to reach USD 14.36 billion by 2022, at a CAGR of 11.7%. Dairy alternatives are used in food & beverages that are dairy-free or do not contain lactose. These food products are especially suitable for lactose-intolerant consumers. Globally, the health benefits of dairy alternatives have led to their large-scale adoption in numerous applications. Changing lifestyles, growing health awareness, increasing instances of lactose allergy, and growing application sectors are some factors driving the growth of the dairy alternatives market.

The dairy alternatives market has been segmented, based on type, into almond, soy, coconut, oat, rice, and hemp. The soy milk segment accounted for the largest market share in 2016. The dominance of this segment is mainly driven by the surplus soy milk varieties in terms of flavors, blends, fat content, and formulations offered by leading dairy alternative manufacturers. It is also coupled with the increasing awareness about the nutritional benefits of soy-based products and easy availability of convenient & healthy dairy-free soy milk. The almond milk segment, on the basis of type, accounted for the second-largest share in 2016, owing to its health benefits as well as the easy availability of raw materials.

Based on application, the dairy alternatives market has been segmented into food and beverages. The food application of the dairy alternatives market is estimated to account for a larger market share due to the usage of plant-based ingredients in applications such as cheese, creamer, yogurt, pudding, and ice cream.

The Asia-Pacific region accounted for the largest share in 2016, due to the rising consumer demand for plant-based food, along with the growing prevalence of lactose intolerance. The food & beverage market in the Asia-Pacific region is currently undergoing a transformation in response to rapid urbanization, diet diversification, and the liberalization of foreign direct investment in the food sector. North America is projected to be the fastest-growing region from 2017 to 2022, due to its large almond milk market, a strong inclination toward a vegan diet, and growth in a number of manufacturers in the region.

Dairy Alternatives Market

Though most dairy alternatives are similar to dairy milk in terms of texture and taste, the price of dairy milk is relatively lower 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 price of the product. On the other hand, the price of dairy alternatives depends on the supply of raw materials. Changes in climatic conditions have resulted in the shortage of raw materials, which in turn, has increased their prices. For instance, the price of raw materials is increasing due to the poor harvesting of crops in Asian countries such as India and Pakistan. Such fluctuations are posing challenges to the dairy alternatives market. Further, clinical trials and safety testing require substantial investments. Significant investments in R&D activities, laboratories, and research equipment, and hiring trained professionals also pose a barrier to this market.

The market is dominated by key players such as Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), Blue Diamond Growers (U.S.), and SunOpta Inc. (Canada). Other players include Freedom Foods (Australia), Eden Foods (U.S.), Nutriops SL. (Spain), Earth's Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), and Dφhler GmbH (Germany). Innovative new product launches, acquisitions, joint ventures, expansions, partnerships, and agreements were the key strategies adopted by these players to enhance their product offerings and capture a larger market share, which has thus increased the demand for dairy alternatives market.

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Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Periodization
    1.5 Currency
    1.6 Units
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           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 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Global Market
    4.2 North America: Dairy Alternatives Market, By Country and Formulation
    4.3 Dairy Alternatives Market, By Country
    4.4 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Consumer Preference for A Vegan Diet
                    5.3.1.2 Nutritional Benefits Offered By Plant-Based Dairy Alternatives Market
                    5.3.1.3 Increasing Cases of Lactose Intolerance & Milk Allergies
                    5.3.1.4 Rapidly Growing Beverage Industry
           5.3.2 Restraints
                    5.3.2.1 Price Sensitivity
           5.3.3 Opportunities
                    5.3.3.1 Growing Demand in Emerging Markets
                    5.3.3.2 Favorable Marketing & Correct Positioning of Dairy Alternatives
                    5.3.3.3 Changing Lifestyles of Consumers
           5.3.4 Challenges
                    5.3.4.1 Limited Availability of Raw Materials
    5.4 Patent Overview

6 Dairy Alternatives Market, By Formulation (Page No. - 43)
    6.1 Introduction
    6.2 Plain & Sweetened
    6.3 Plain & Unsweetened
    6.4 Flavored & Sweetened
    6.5 Flavored & Unsweetened
    6.6 Others

7 Dairy Alternatives Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Almond Milk
    7.3 Soymilk
    7.4 Oat Milk
    7.5 Hemp Milk
    7.6 Coconut Milk
    7.7 Rice Milk
    7.8 Others

8 Dairy Alternatives Market, By Application (Page No. - 56)
    8.1 Introduction
    8.2 Food
           8.2.1 Cheese
                    8.2.1.1 Spreadable
                    8.2.1.2 Non-Spreadable
           8.2.2 Creamer
           8.2.3 Yogurt
           8.2.4 Pudding
           8.2.5 Ice Cream
    8.3 Beverages
           8.3.1 Milk
           8.3.2 Sauces & Dressings

9 Dairy Alternatives Market, By Nutritive Component (Page No. - 61)
    9.1 Introduction
    9.2 Protein
    9.3 Starch
    9.4 Vitamins
    9.5 Others

10 Dairy Alternatives Market, By Region (Page No. - 63)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Australia & New Zealand
             10.4.5 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 South America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 100)
     11.1 Introduction
     11.2 Competitive Leadership Mapping, 2017
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Product Offerings (For 25 Players)
             11.3.2 Business Strategy (For 25 Players)

12 Company Profiles (Page No. - 105)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     12.1 Introduction
     12.2 The Whitewave Foods Company
     12.3 The Hain Celestial Group, Inc.
     12.4 Blue Diamond Growers
     12.5 Sunopta Inc.
     12.6 Sanitarium Health and Wellbeing Company
     12.7 Freedom Foods Group Limited
     12.8 Eden Foods Inc.
     12.9 Nutriops S.L
     12.10 Earth’s Own Food Company Inc.
     12.11 Triballat Noyal
     12.12 Valsoia S.P.A.
     12.13 Dφhler GmbH

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 148)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (74 Tables)

Table 1 Lactose Content in Dairy Food Products
Table 2 Top Five GDP, Per Capita (Ppp), in Emerging Economies in Asia-Pacific, 2013
Table 3 Market Size, By Formulation, 2015–2022 (USD Million)
Table 4 Plain & Sweetened Dairy Alternatives Market Size, By Region, 2015–2022 (USD Million)
Table 5 Plain & Unsweetened Dairy Alternatives Market Size, By Region, 2015–2022 (USD Million)
Table 6 Flavored & Sweetened Dairy Alternatives Market Size, By Region, 2015–2022 (USD Million)
Table 7 Flavored & Unsweetened Dairy Alternatives Market Size, By Region, 2015–2022 (USD Million)
Table 8 Dairy Alternative Market Size for Other Formulations, By Region, 2015–2022 (USD Million)
Table 9 Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 10 Almond Milk Market Size, By Region, 2015–2022 (USD Million)
Table 11 Soymilk Market Size, By Region, 2015–2022 (USD Million)
Table 12 Oat Milk Market Size, By Region, 2015–2022 (USD Million)
Table 13 Hemp Milk Market Size, By Region, 2015–2022 (USD Million)
Table 14 Coconut Milk Market Size, By Region, 2015–2022 (USD Million)
Table 15 Rice Milk Market Size, By Region, 2015–2022 (USD Million)
Table 16 Other Dairy Alternative Market Size, By Region, 2015–2022 (USD Million)
Table 17 Dairy Alternative Market Size, By Application, 2015–2022 (USD Million)
Table 18 Dairy Alternative Market Size for Food, By Region, 2015–2022 (USD Million)
Table 19 Dairy Alternative Market Size for Beverages, By Region, 2015–2022 (USD Million)
Table 20 Nutrient Content in Dairy Alternatives
Table 21 Dairy Alternative Market Size, By Region, 2015–2022 (USD Million)
Table 22 Dairy Alternative Market Size, By Region, 2015–2022 (KT)
Table 23 North America: Dairy Alternative Market Size, By Country, 2015–2022 (USD Million)
Table 24 North America: Dairy Alternatives Market Size, By Country, 2015–2022 (KT)
Table 25 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 26 North America: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 27 North America: Dairy Alternative Market Size, By Application, 2015–2022 (USD Million)
Table 28 U.S.: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 29 U.S.: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 30 Canada: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 31 Canada: Dairy Alternatives Market Size, By Formulation, 2015–2022 (USD Million)
Table 32 Mexico: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 33 Mexico: Dairy Alternatives Market Size, By Formulation, 2015–2022 (USD Million)
Table 34 Europe: Dairy Alternative Market Size, By Country, 2015–2022 (USD Million)
Table 35 Europe: Dairy Alternatives Market Size, By Country, 2015–2022 (KT)
Table 36 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 37 Europe: Market Size, By Formulation, 2015–2022 (USD Million)
Table 38 Europe: Dairy Alternative Market Size, By Application, 2015–2022 (USD Million)
Table 39 Germany: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 40 Germany: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 41 U.K.: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 42 U.K.: Dairy Alternatives Market Size, By Formulation, 2015–2022 (USD Million)
Table 43 France: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 44 France: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 45 Italy: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 46 Italy: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 47 Spain: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 48 Spain: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 49 Rest of Europe: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 50 Rest of Europe: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 51 Asia-Pacific: Dairy Alternative Market Size, By Country, 2015–2022 (USD Million)
Table 52 Asia-Pacific: Dairy Alternative Market Size, By Country, 2015–2022 (KT)
Table 53 Asia-Pacific: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 54 Asia-Pacific: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 55 Asia-Pacific: Dairy Alternative Market Size, By Application, 2015–2022 (USD Million)
Table 56 China: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 57 China: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 58 Japan: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 59 Japan: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 60 India: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 61 India: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 62 Australia & New Zealand: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 63 Australia & New Zealand: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 64 Rest of Asia-Pacific: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 65 Rest of Asia-Pacific: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 66 RoW: Dairy Alternative Market Size, By Region, 2015–2022 (USD Million)
Table 67 RoW: Dairy Alternative Market Size, By Region, 2015–2022 (KT)
Table 68 RoW: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 69 RoW: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 70 RoW: Dairy Alternative Market Size, By Application, 2015–2022 (USD Million)
Table 71 South America: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 72 South America: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)
Table 73 Middle East & Africa: Dairy Alternative Market Size, By Type, 2015–2022 (USD Million)
Table 74 Middle East & Africa: Dairy Alternative Market Size, By Formulation, 2015–2022 (USD Million)


List of Figures (32 Figures)

Figure 1 Market Segmentation
Figure 2 Regional Scope
Figure 3 Dairy Alternative Market: Research Design
Figure 4 Dairy Alternative Market: Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Coconut Milk is Projected to Be the Fastest-Growing Type During the Forecast Period
Figure 9 Food Segment is Projected to Hold the Major Share During the Forecast Period
Figure 10 Flavored & Sweetened Formulation is Projected to Hold the Major Share During the Forecast Period
Figure 11 Coconut Milk Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Asia-Pacific Was the Largest Market in 2016
Figure 13 Increasing Popularity of Vegan Diet and Instances of Lactose Intolerance are Expected to Drive Growth in the Market
Figure 14 Flavored-Sweetened Formulation Accounted for the Largest Share in the North American Market in 2016
Figure 15 China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Dairy Alternative Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 17 Dairy Alternative Market Segmentation
Figure 18 Consumer Preference for Vegan and Plant-Based Diet Drives Demand for Dairy Alternatives
Figure 19 Growth Rate of Global Beverage Sales, 2011–2016
Figure 20 Global Average Price of Raw Material, 2013-2017 (USD/MT)
Figure 21 Geographic Snapshot (2017–2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 22 The U.S. Was the Largest Market for Dairy Alternatives in North America
Figure 23 France Recorded the Largest Market for the Dairy Alternative Market in Europe in 2016
Figure 24 China Recorded as the Largest Market for the Dairy Alternative Market in Asia-Pacific
Figure 25 Dairy Alternative Market (Global) Competitive Leadership Mapping, 2017
Figure 26 Geographic Revenue Mix of the Top Five Dairy Alternative Producers
Figure 27 Whitewave Foods: Company Snapshot
Figure 28 The Hain Celestial Group, Inc: Company Snapshot
Figure 29 Blue Diamond Growers: Company Snapshot
Figure 30 Sunopta Inc.: Company Snapshot
Figure 31 Freedom Foods Group Limited: Company Snapshot
Figure 32 Valsoia S.P.A: Company Snapshot


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