Dairy Alternatives Market

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

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

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

Dairy Alternatives Market

Market Dynamics

Growing consumer preference for a vegan diet

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

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

Volatile prices of raw materials proving a restraint

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

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

Favorable marketing and correct positioning of dairy alternatives

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

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

Limited awareness amongst consumers

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

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

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

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

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

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

Dairy Alternatives Market

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

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

Key Market Players:

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

Scope of the report

Report Metric

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Value (USD Million)

Segments covered

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

Geographies covered

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

Companies covered

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

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

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

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

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

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

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

  • Plain
  • Flavored

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

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

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

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

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

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

Key Questions addressed by the report:

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

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

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Geographic Scope
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 23)
    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 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Opportunities in the Market
    4.2 Market: Key Countries
    4.3 Market, by Application
    4.4 Developed vs. Developing Markets for Dairy Alternatives
    4.5 Market, by Source
    4.6 Market, by Formulation
    4.7 North America: Dairy Alternatives Market, by Application and Country, 2017

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Nutritive Analysis
    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
           5.3.4 Food Standards Australia New Zealand (FSANZ)
           5.3.5 European Court of Justice
    5.4 Patent Analysis
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Growing Consumer Preference for a Vegan Diet
                    5.5.1.2 Nutritional Benefits Offered by Plant-Based Dairy Alternatives
                    5.5.1.3 Increasing Cases of Lactose Intolerance and Milk Allergies
           5.5.2 Restraints
                    5.5.2.1 Volatile Prices of Raw Materials
           5.5.3 Opportunities
                    5.5.3.1 Growing Demand in Emerging Markets
                    5.5.3.2 Favorable Marketing and Correct Positioning of Dairy Alternatives
                    5.5.3.3 Changing Lifestyles of Consumers
           5.5.4 Challenges
                    5.5.4.1 Limited Availability of Raw Materials
                    5.5.4.2 Limited Awareness Amongst Consumers

6 Market for Dairy Alternatives, By Source (Page No. - 53)
    6.1 Introduction
    6.2 Soy
           6.2.1 Easy Availability and High Acceptability of Soy-Based Products to Drive the Market of Soy Derived Dairy Alternatives
    6.3 Almond
           6.3.1 The Almond Based Dairy Alternatives Market will be driven by the Rising Demand and Availability of Blended Forms of the Product
    6.4 Coconut
           6.4.1 The Demand for Coconut-Based Dairy Alternatives is Driven by the High Palatability, Nutrition Level, and Good for Heart Properties of Coconut
    6.5 Rice
           6.5.1 Low Risk of Allergies and Comparitively Lighter and Bland Taste is Projected to Drive the Market for Rice Derived Dairy Alternative Products
    6.6 Oats
           6.6.1 Rich Nutritional Content and Cancer Curing Properties to Drive the Market of Oat Derived Dairy Alternatives
    6.7 Hemp
           6.7.1 Rising Awareness of Health Benefits of the Products Among Consumers to Drive the Market for Hemp Based Dairy Alternatives
    6.8 Others

7 Market for Dairy Alternatives, By Application (Page No. - 63)
    7.1 Introduction
    7.2 Milk
           7.2.1 Rising Awareness About Healthy Beverages to Drive the Milk Market for Dairy Alternatives
    7.3 Ice Creams
           7.3.1 Rise in Demand for Cholestrol and Fat Free Desserts to Drive the Ice Creams Market for Dairy Alternatives
    7.4 Yogurt
           7.4.1 Demand for Healthy Dairy Free and Fortified Yogurt to Drive the Overall Market for Yogurts
    7.5 Cheese
           7.5.1 Demand for Dairy Free Spreadable and Non-Spreadable Cheese From Lactose Intolerant Consumers Drive the Market
    7.6 Creamers
           7.6.1 Leading Manufacturers Investing in R&D to Meet the Growing Demand for Dairy Free Creamers
    7.7 Others

8 Market for Dairy Alternatives, By Formulation (Page No. - 72)
    8.1 Introduction
    8.2 Flavored
           8.2.1 Consumers Looking for Palatable But Healthier Options to Drive the Market for Flavored & Unsweetened Dairy Alternatives
    8.3 Plain
           8.3.1 The Plain Soy and Almond are Largely Consumed by Vegan and Lactose Intolerant Population

9 Market for Dairy Alternatives, By Nutrient (Page No. - 77)
    9.1 Introduction
    9.2 Protein
    9.3 Starch
    9.4 Vitamins
    9.5 Others

10 Market for Dairy Alternatives, By Distribution Channel (Page No. - 79)
     10.1 Introduction
     10.2 Supermarkets
             10.2.1 Supermarkets are Most Preferred Channel of Distribution for Dairy Alternative Products due to Multiple Options Offered to Consumers
     10.3 Health Food Stores
             10.3.1 Health Benefits of Dairy Alternative Products Lead to Increase in Sales Through Health Food Stores
     10.4 Pharmacies
             10.4.1 Rising Health Issues and Prescriptions from Doctors for Allergies Tend to Increase Sales of Dairy Alternatives Through Pharmacies
     10.5 Convenience Stores
             10.5.1 Easy Access and Convenience for Consumers Lead to Rise in Sales Through Convenience Stores
     10.6 Online Stores
             10.6.1 Sales Through Online Stores Offer Faster Accessibiltiy and Cost Effectiveness
     10.7 Others

11 Market for Dairy Alternatives, By Brand (Page No. - 88)
     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 Market for Dairy Alternatives, By Region (Page No. - 91)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 Presence of Big Players in US to Drive Market in this Region
             12.2.2 Canada
                        12.2.2.1 Rise in Demand for Protein Rich Dairy Substitutes to Drive the Market of Dairy Alternatives in Canada
             12.2.3 Mexico
                        12.2.3.1 Rising Urbanization and Growing Demand for Fortified Dairy Free Products to Drive the Market in Mexico
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 The Growing Food & Beverage Industry in Germany is Projected to Drive the Market in this Region
             12.3.2 UK
                        12.3.2.1 Consumer Inclination towards Healthy Products to Drive the Market in the UK
             12.3.3 France
                        12.3.3.1 Increased Consumption of Soy-Based Products in France to Drive this Market in this Region
             12.3.4 Italy
                        12.3.4.1 Large Consumption of Cheese is Projected to Drive the Market in Italy
             12.3.5 Spain
                        12.3.5.1 The Rising Prices of Raw Milk in Spain is Projected to Drive the Market
             12.3.6 Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
                        12.4.1.1 Applications of Soy-Derived Dairy Alternatives in Various Chinese Cuisines to Drive the Overall Market for Dairy Alternatives in China
             12.4.2 Japan
                        12.4.2.1 Rise in Demand for High-Protein Healthy Products to Drive the Global Market in Japan
             12.4.3 India
                        12.4.3.1 Rise in Demand for Using Dairy-Free Substitutes in Traditional Sweets to Drive Demand for Dairy Alternatives in India
             12.4.4 Australia & New Zealand
                        12.4.4.1 Rise in Demand for Nutritional Products to Drive the Market in Australia & New Zealand
             12.4.5 Rest of Asia Pacific
     12.5 South America
             12.5.1 Brazil
                        12.5.1.1 Demand for Clean Label and Rise in Soy Production in Brazil to Drive the Market
             12.5.2 Argentina
                        12.5.2.1 High Local Soybean Production and Growth in Demand for Clean Label to Drive the Global Market in Argentina
             12.5.3 Rest of South America
     12.6 Rest of the World (RoW)
             12.6.1 Middle East
                        12.6.1.1 High Spending Power and Presence of Health-Conscious Consumers to Drive Market in the Middle East
             12.6.2 Africa
                        12.6.2.1 Rise in Urbanization and Growth of Retail Chain to Increase Demand for Dairy Alternatives in Africa

13 Competitive Landscape (Page No. - 132)
     13.1 Introduction
     13.2 Competitve Benchmarking
     13.3 Vanguards, Innovators, Emerging, and Dynamic

14 Competitive Profiles (Page No. - 137)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     14.1 The Whitewave Foods Company
     14.2 The Hain Celestial
     14.3 Blue Diamond Growers
     14.4 Sunopta
     14.5 Sanitarium Health and Wellbeing Company
     14.6 Freedom Foods Group
     14.7 Eden Foods
     14.8 Nutriops S.L
     14.9 Earth’s Own Food Company
     14.10 Triballat Noyal
     14.11 Valsoia S.P.A.
     14.12 Dφhler GmbH
     14.13 Panos Brands
     14.14 Organic Valley
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

15 Appendix (Page No. - 178)
     15.1 Discussion Guide
             15.1.1 Company Developments
                        15.1.1.1 Acquisitions & Merger
                        15.1.1.2 Expansions
                        15.1.1.3 Agreements, Joint Venture & Partnerships
                        15.1.1.4 New Products Launches
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (88 Tables)

Table 1 USD Exchange Rates Considered for the Study, 2015–2017
Table 2 Nutritional Comparison of Dairy and Non-Dairy Milk
Table 3 Soymilk Composition
Table 4 Some of the Mandatory Advisory Statements Given By Fsanz
Table 5 Some of the Granted Patents Pertaining to Dairy Alternatives
Table 6 Lactose Content in Dairy Food Products
Table 7 Top Five GDP, Per Capita (PPP), in Emerging Asia Pacific Economies, 2013
Table 8 Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 9 Soy Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 10 Almond Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 11 Coconut Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million)
Table 12 Rice Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 13 Oats Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 14 Hemp Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 15 Others Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 16 Market Size, by Application, 2016–2023 (USD Million)
Table 17 Milk: Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 18 Ice Creams: Dairy Alternatives Market Size, By Region, 2016–2023 (USD Million)
Table 19 Yogurt: Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 20 Cheese: Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 21 Creamers: Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 22 Others: Dairy Alternatives Market Size, by Region, 2016–2023 (USD Million)
Table 23 Market Size, by Formulation, 2016–2023 (USD Million)
Table 24 Flavored Market Size, by Region, 2016–2023 (USD Million)
Table 25 Plain Market Size, by Region, 2016–2023 (USD Million)
Table 26 Nutrient Content in Dairy Alternatives
Table 27 Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 28 Supermarkets Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 29 Health Food Stores Market Size, by Region, 2016–2023 (USD Million)
Table 30 Pharmacies Market Size, by Region, 2016–2023 (USD Million)
Table 31 Convenience Stores Market Size, by Region, 2016–2023 (USD Million)
Table 32 Online Stores Market Size, by Region, 2016–2023 (USD Million)
Table 33 Other Distribution Channels Market Size, by Region, 2016–2023 (USD Million)
Table 34 Market Size, by Region, 2016–2023 (USD Million)
Table 35 Market Size, By Region, 2016–2023 (Million Liters)
Table 36 North America: Market Size for Dairy Alternatives, by Country, 2016–2023 (USD Million)
Table 37 North America: Market Size, by Country, 2016–2023 (Million Liters)
Table 38 North America: Market Size, by Source, 2016–2023 (USD Million)
Table 39 North America: Market Size, by Formulation, 2016–2023 (USD Million)
Table 40 North America: Market Size, by Application, 2016–2023 (USD Million)
Table 41 North America: Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 42 US: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 43 Canada: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 44 Mexico: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 45 Europe: Market Size for Dairy Alternatives, by Country, 2016–2023 (USD Million)
Table 46 Europe: Market Size, by Country, 2016–2023 (Million Liters)
Table 47 Europe: Market Size, by Source, 2016–2023 (USD Million)
Table 48 Europe: Market Size, by Formulation, 2016–2023 (USD Million)
Table 49 Europe: Market Size, by Application, 2016–2023 (USD Million)
Table 50 Europe: Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 51 Germany: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 52 UK: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 53 France: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 54 Italy: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 55 Spain: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 56 Rest of Europe: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 57 Asia Pacific: Market Size for Dairy Alternatives, by Country/Region, 2016–2023 (USD Million)
Table 58 Asia Pacific: Market Size, by Country/Region, 2016–2023 (Million Liters)
Table 59 Asia Pacific: Market Size, by Source, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size, by Formulation, 2016–2023 (USD Million)
Table 61 Asia Pacific: Market Size, by Application, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 63 China: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 64 Japan: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 65 India: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 66 Australia & New Zealand: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 67 Rest of Asia Pacific: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 68 South America: Market Size for Dairy Alternatives, by Country, 2016–2023 (USD Million)
Table 69 South America: Market Size, by Country, 2016–2023 (Million Liters)
Table 70 South America: Market Size, by Source, 2016–2023 (USD Million)
Table 71 South America: Market Size, by Formulation, 2016–2023 (USD Million)
Table 72 South America: Market Size, by Application, 2016–2023 (USD Million)
Table 73 South America: Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 74 Brazil: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 75 Argentina: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 76 Rest of South America: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 77 RoW: Market Size for Dairy Alternatives, by Region, 2016–2023 (USD Million)
Table 78 RoW: Market Size, by Region, 2016–2023 (Million Liters)
Table 79 RoW: Market Size, by Source, 2016–2023 (USD Million)
Table 80 RoW: Market Size, by Formulation, 2016–2023 (USD Million)
Table 81 RoW: Market Size, by Application, 2016–2023 (USD Million)
Table 82 RoW: Market Size, by Distribution Channel, 2016–2023 (USD Million)
Table 83 Middle East: Dairy Alternatives Market Size, by Source, 2016–2023 (USD Million)
Table 84 Africa: Market Size for Dairy Alternatives, by Source, 2016–2023 (USD Million)
Table 85 Acquisitions, 2012–2017
Table 86 Expansions, 2012–2017
Table 87 Agreements, Joint Venture, Partnerships, 2012–2017
Table 88 New Product Launches, 2012–2017


List of Figures (41 Figures)

Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Breakdown and Data Triangulation
Figure 7 Market Snapshot, by Source, 2018 vs. 2023
Figure 8 Market Size, by Application, 2018–2023
Figure 9 Market Size, by Distribution Channel, 2018–2023
Figure 10 Europe to Grow at the Highest CAGR in the Global Market, 2018–2023
Figure 11 Market, by Region
Figure 12 Growing Demand for Lactose-Free Food & Beverage Products and the Rising Trend of Alternatives
Figure 13 US Dominated the Market in 2017
Figure 14 Milk Segment to Dominate the Market Through 2023
Figure 15 Developed Countries in Europe to Emerge at High Growth Rates During the Forecast Period
Figure 16 Soy Segment Dominated the Dairy Alternatives Market Across All Sources
Figure 17 Flavored Segment Dominated the Market
Figure 18 US Accounted for the Largest Share in 2017
Figure 19 Number of Patents Filed for Dairy Alternatives, 2013–2017
Figure 20 Market Dynamics
Figure 21 Vegan Population Trend in the UK
Figure 22 Global Average Prices of Raw Materials, 2013–2016 (USD/Ton)
Figure 23 Market Size, by Source, 2018 vs. 2023 (USD Million)
Figure 24 Soy: Dairy Alternatives Market Size, by Region, 2018 vs. 2023 (USD Million)
Figure 25 Market Size for Dairy Alternatives, by Application, 2018 vs. 2023 (USD Million)
Figure 26 Milk: Dairy Alternatives Market Size, by Region, 2018 vs. 2023 (USD Million)
Figure 27 Market Size for Dairy Alternatives, by Formulation, 2018 vs. 2023 (USD Million)
Figure 28 Flavored: Dairy Alternatives Market Size, by Region, 2018 vs. 2023 (USD Million)
Figure 29 Market Size for Dairy Alternatives, by Distribution Channel, 2018 vs. 2023 (USD Million)
Figure 30 Supermarkets Market Size, by Region, 2018 vs. 2023 (USD Million)
Figure 31 France to Record the Highest Growth Rate During the Forecast Period
Figure 32 North America: Dairy Alternatives Market Snapshot
Figure 33 Dairy Alternatives Consumption Share in South America, by Key Country, 2017
Figure 34 Soybean Production in Brazil, 2012–2018 (Mmt)
Figure 35 Dairy Alternative Market (Global) Competitive Leadership Mapping, 2018
Figure 36 Whitewave Foods: Company Snapshot
Figure 37 The Hain Celestial: Company Snapshot
Figure 38 Blue Diamond Growers: Company Snapshot
Figure 39 Sunopta: Company Snapshot
Figure 40 Freedom Foods Group: Company Snapshot
Figure 41 Valsoia S.P.A: Company Snapshot

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

Secondary Research

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

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

Primary Research

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

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

Dairy Alternatives Market

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

Market Size Estimation

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

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

Data Triangulation

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

Report Objectives

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

Available Customizations

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

The following customization options are available for the report:

Segment Analysis

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

Geographic Analysis

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

Company Information

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