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
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Request Now[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.
See how this study impacted revenues for other players in Dairy Alternative Market
Clients Problem Statement
Our client, a US-based dairy food company, was interested in expanding its product portfolio to enter the dairy alternatives market. The client wanted to understand the market scenario and the availability of dairy alternative sources, along with the acceptance of such products in different regions.
MnM Approach
MNM provided exhaustive market information about the availability of dairy alternative sources and the product types being offered, along with the high-demand regions.
MNM compiled the list of regulations in each geography, along with a market understanding of the acceptance of dairy alternative products in different regions and the preferred sources accepted globally.
MNM also provided consumer and industry trends affecting the demand for dairy alternative products in different countries.
Revenue Impact (RI)
MNMs research and suggestions allowed the client to target countries with a growing demand for alternative products and attain a strong market position in the different application markets. The client was also able to target customers with the right products (as per regional consumer preferences). Our findings helped the client identify and target new revenue sources, with projected revenue of ~USD 170 million in five years.
Market Dynamics of Dairy Alternatives Market
Growing consumer preference for a vegan diet
Several consumers perceive a vegan diet to be healthy and prefer consuming dairy alternatives such as soy milk, almond milk, rice milk, and other plant-based milk as a substitute for dairy milk. Vegan diet followers and adopters of a healthy diet are the primary consumers of dairy alternatives that have propelled market growth.
Rising awareness among consumers about the benefits offered by a vegan diet is one of the major factors propelling the demand of dairy alternative products across the world. A substantial increase in the vegan population has been seen in many major economies such as the US and the UK.
Volatile prices of raw materials proving a restraint
Though most dairy alternatives are similar to dairy milk in terms of texture and taste, the price of dairy milk is relatively low than that of its alternatives. The dairy industry in most countries operates in an organized structure and has a lower rate of turnover tax, which reduces the product price. The dairy industry receives subsidies that benefit the growth of this sector.
The price of dairy alternatives, on the other hand, depends on the supply of raw materials, which is why there are price fluctuations. Oat milk and several other dairy alternatives face the problem of raw material unavailability, because of which prices increase. This price volatility stands as one of the biggest limitations for growth in dairy alternative beverage sales.
Favorable marketing and correct positioning of dairy alternatives
The sales of dairy alternatives can be increased by adopting marketing strategies such as diversification and segmentation. The objective is to create more demand among consumers such as lactose intolerants, trainers, health-conscious consumers, and vegans. It is also crucial to position the product at the right place through the right sales channel.
Companies need to focus on this criterion to sustain in the market and increase their sales. They need to accurately position themselves by expanding customer relationships and extending their reach, globally. Appropriate labeling can further accelerate market growth. The North American and European dairy alternatives markets relatively emphasize the labeling criterion. This trend is expected to be followed by the Asia Pacific region, leading to market growth.
Limited awareness amongst consumers
There is limited awareness about the nutritional benefits of dairy substitutes, which pose a challenge for the growth of this market. Some dairy consumers feel that the nutritional content in dairy alternatives are lower than cows 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.
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 regions food sector.
Key Market Players:
The major vendors in the dairy alternatives market are The Whitewaves Food Company (US), The Hain Celestial Group (US), Blue Diamond Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany),Organic Valley (US), and Panos Brands LLC (US). These players have broad industry coverage and strong operational and financial strength; they have grown organically and inorganically in the recent past. The WhiteWave Foods Company, an industry player, completed its merger with Danone S.A. (France). This merger would help Danone S.A. to focus on expanding the sales of its plant-based products in April 2017.
Scope of the report
|
Report Metric |
Details |
|
Market size available for years |
2016-2023 |
|
Base year considered |
2017 |
|
Forecast period |
2018-2023 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
Source, Application, Distribution Channel, Formulation, Nutrient, and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, South America, and RoW |
|
Companies covered |
The Whitewaves Food Company (US), The Hain Celestial Group (US), Blue Diamond Growers (US), Sunopta (Canada), Sanitarium Health and Wellbeing Company (Australia), Freedom Foods Group (Australia), Eden Foods (US), Nutriops S.L. (Spain), Earth's Own Food Company (Canada), Triballat Noyal (France), Valsoia S.P.A (Italy), Dohler GmBh (Germany),Organic Valley (US), and Panos Brands LLC (US). |
This research report categorizes the global market based on source, application, formulation, nutrient, distribution channel, and region.
On the basis of source, the market has been segmented as follows:
- Almond
- Soy
- Oats
- Hemp
- Coconut
- Rice
- Others (cashew and hazelnut)
On the basis of application, the dairy alternatives market has been segmented as follows:
- Cheese
- Creamers
- Yogurt
- Ice Creams
- Milk
- Others (butter, sauces, dressings, tofu, and smoothies)
On the basis of formulation, the market has been segmented as follows:
- Plain
- Flavored
On the basis of nutrient, the dairy alternative market has been segmented as follows (qualitative):
- Protein
- Starch
- Vitamin
- Others (fats, fiber, and minerals)
On the basis of distribution channel, the market has been segmented as follows:
- Supermarkets
- Health Food stores
- Pharmacies
- Convenience Stores
- Online stores
- Others (direct sales by manufacturers, gourmet stores, bakeries, warehouse clubs, and mass merchandisers)
On the basis of region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- South America
- RoW (Africa and the Middle East)
Key Questions addressed by the report:
- Who are the major market players in dairy alternatives market?
- What are the regional growth trends and the largest revenue-generating regions for dairy alternatives?
- Which are the major regions that are expected to witness the majority of growth in demand for dairy alternatives?
- What are the major sources of dairy alternatives that are expected to gain maximum market revenue and share during the forecast period?
- Which is the major application that will be accounting for the majority of the revenue over the forecast period?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
Figure 1 Dairy Alternatives Market Segmentation
1.3.1 Geographic Scope
1.3.2 Periodization Considered
1.4 Currency Considered
Table 1 USD Exchange Rates Considered for the Study, 20152017
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Dairy Alternative Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
2.2 Market Size Estimation
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.3 Market Breakdown and Data Triangulation
Figure 6 Market Breakdown and Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary
Figure 7 Dairy Alternatives Market Snapshot, By Source, 2018 vs. 2023
Figure 8 Dairy Alternative Market Size, By Application, 20182023
Figure 9 Dairy Alternative Market Size, By Distribution Channel, 20182023
Figure 10 Europe to Grow at the Highest CAGR in the Global Market, 20182023
Figure 11 Dairy Alternative Market, By Region
4 Premium Insights
4.1 Opportunities in the Market
Figure 12 Growing Demand for Lactose-Free Food & Beverage Products and the Rising Trend of Veganism Drive the Market for Dairy Alternatives
4.2 Dairy Alternative Market: Key Countries
Figure 13 US Dominated the Dairy Alternative Market in 2017
4.3 Dairy Alternative Market, By Application
Figure 14 Milk Segment to Dominate the Market Through 2023
4.4 Developed vs. Developing Markets for Dairy Alternatives
Figure 15 Developed Countries in Europe to Emerge at High Growth Rates During the Forecast Period
4.5 Dairy Alternative Market, By Source
Figure 16 Soy Segment Dominated the Dairy Alternative Market Across All Sources
4.6 Dairy Alternative Market, By Formulation
Figure 17 Flavored Segment Dominated the Market
4.7 North America: Dairy Alternative Market, By Application and Country, 2017
Figure 18 US Accounted for the Largest Share in 2017
5 Market Overview
5.1 Introduction
5.2 Nutritive Analysis
Table 2 Nutritional Comparison of Dairy and Non-Dairy Milk
5.3 Regulatory Bodies
5.3.1 Codex Alimentarius Commission
5.3.2 Food and Drug Administration (FDA)
5.3.3 The Soyfoods Association of America
5.3.3.1 Classification of Soymilk
Table 3 Soymilk Composition
5.3.4 Food Standards Australia New Zealand (FSANZ)
Table 4 Some of the Mandatory Advisory Statements Given By FSANZ
5.3.5 European Court of Justice
5.4 Patent Analysis
Figure 19 Number of Patents Filed for Dairy Alternatives, 20132017
Table 5 Some of the Granted Patents Pertaining to Dairy Alternatives
5.5 Market Dynamics
Figure 20 Market Dynamics
5.5.1 Drivers
5.5.1.1 Growing Consumer Preference for A Vegan Diet
Figure 21 Vegan Population Trend in the Uk
5.5.1.2 Nutritional Benefits Offered By Plant-Based Dairy Alternatives
5.5.1.3 Increasing Cases of Lactose Intolerance and Milk Allergies
Table 6 Lactose Content in Dairy Food Products
5.5.2 Restraints
5.5.2.1 Volatile Prices of Raw Materials
Figure 22 Global Average Prices of Raw Materials, 20132016 (USD/Ton)
5.5.3 Opportunities
5.5.3.1 Growing Demand in Emerging Markets
5.5.3.2 Favorable Marketing and Correct Positioning of Dairy Alternatives
5.5.3.3 Changing Lifestyles of Consumers
Table 7 Top Five GDP, Per Capita (PPP), in Emerging Asia Pacific Economies, 2013
5.5.4 Challenges
5.5.4.1 Limited Availability of Raw Materials
5.5.4.2 Limited Awareness Amongst Consumers
6 Dairy Alternatives Market, By Source
6.1 Introduction
Figure 23 Dairy Alternative Market Size, By Source, 2018 vs. 2023 (USD Million)
Table 8 Dairy Alternative Market Size, By Source, 20162023 (USD Million)
6.2 Soy
Figure 24 Soy: Dairy Alternative Market Size, By Region, 2018 vs. 2023 (USD Million)
6.2.1 Easy Availability and High Acceptability of Soy-Based Products to Drive the Market of Soy Derived Dairy Alternatives
Table 9 Soy Dairy Alternative Market Size, By Region, 20162023 (USD Million)
6.3 Almond
6.3.1 The Almond Based Dairy Alternative Market Will Be Driven By the Rising Demand and Availability of Blended Forms of the Product
Table 10 Almond Dairy Alternatives Market Size, By Region, 20162023 (USD Million)
6.4 Coconut
6.4.1 The Demand for Coconut-Based Dairy Alternatives is Driven By the High Palatability, Nutrition Level, and Good for Heart Properties of Coconut
Table 11 Coconut Dairy Alternative Market Size, By Region, 20162023 (USD Million)
6.5 Rice
6.5.1 Low Risk of Allergies and Comparitively Lighter and Bland Taste is Projected to Drive the Market for Rice Derived Dairy Alternative Products
Table 12 Rice Dairy Alternative Market Size, By Region, 20162023 (USD Million)
6.6 Oats
6.6.1 Rich Nutritional Content and Cancer Curing Properties to Drive the Market of Oat Derived Dairy Alternatives
Table 13 Oats Dairy Alternative Market Size, By Region, 20162023 (USD Million)
6.7 Hemp
6.7.1 Rising Awareness of Health Benefits of the Products Among Consumers to Drive the Market for Hemp Based Dairy Alternatives
Table 14 Hemp Dairy Alternative Market Size, By Region, 20162023 (USD Million)
6.8 Others
Table 15 Others Dairy Alternatives Market Size, By Region, 20162023 (USD Million)
7 Dairy Alternatives Market, By Application
7.1 Introduction
Figure 25 Dairy Alternatives Market Size, By Application, 2018 vs. 2023 (USD Million)
Table 16 Dairy Alternative Market Size, By Application, 20162023 (USD Million)
7.2 Milk
7.2.1 Rising Awareness About Healthy Beverages to Drive the Milk Market for Dairy Alternatives
Figure 26 Milk: Dairy Alternative Market Size, By Region, 2018 vs. 2023 (USD Million)
Table 17 Milk: Market Size, By Region, 20162023 (USD Million)
7.3 Ice Creams
7.3.1 Rise in Demand for Cholestrol and Fat Free Desserts to Drive the Ice Creams Market for Dairy Alternatives
Table 18 Ice Creams: Dairy Alternative Market Size, By Region, 20162023 (USD Million)
7.4 Yogurt
7.4.1 Demand for Healthy Dairy Free and Fortified Yogurt to Drive the Overall Dairy Alternatives Market for Yogurts
Table 19 Yogurt: Dairy Alternative Market Size, By Region, 20162023 (USD Million)
7.5 Cheese
7.5.1 Demand for Dairy Free Spreadable and Non-Spreadable Cheese From Lactose Intolerant Consumers Drive the Dairy Alternative Market
Table 20 Cheese: Dairy Alternative Market Size, By Region, 20162023 (USD Million)
7.6 Creamers
7.6.1 Leading Manufacturers Investing in R&D to Meet the Growing Demand for Dairy Free Creamers
Table 21 Creamers: Dairy Alternative Market Size, By Region, 20162023 (USD Million
7.7 Others
Table 22 Others: Dairy Alternatives Market Size, By Region, 20162023 (USD Million)
8 Dairy Alternatives Market, By Formulation
8.1 Introduction
Figure 27 Dairy Alternative Market Size, By Formulation, 2018 vs. 2023 (USD Million)
Table 23 Dairy Alternative Market Size, By Formulation, 20162023 (USD Million)
8.2 Flavored
8.2.1 Consumers Looking for Palatable But Healthier Options to Drive the Market for Flavored & Unsweetened Dairy Alternatives
Figure 28 Flavored: Dairy Alternative Market Size, By Region, 2018 vs. 2023 (USD Million)
Table 24 Flavored Market Size, By Region, 20162023 (USD Million)
8.3 Plain
8.3.1 the Plain Soy and Almond are Largely Consumed By Vegan and Lactose Intolerant Population
Table 25 Plain Market Size, By Region, 20162023 (USD Million)
9 Dairy Alternatives Market, By Nutrient
9.1 Introduction
Table 26 Nutrient Content in Dairy Alternatives
9.2 Protein
9.3 Starch
9.4 Vitamins
9.5 Others
10 Dairy Alternative Market, By Distribution Channel
10.1 Introduction
Figure 29 Dairy Alternatives Market Size, By Distribution Channel, 2018 vs. 2023 (USD Million)
Table 27 Dairy Alternative Market Size, By Distribution Channel, 20162023 (USD Million)
10.2 Supermarkets
10.2.1 Supermarkets are Most Preferred Channel of Distribution for Dairy Alternative Products Due to Multiple Options Offered to Consumers
Figure 30 Supermarkets Market Size, By Region, 2018 vs. 2023 (USD Million)
Table 28 Supermarkets Market Size, By Distribution Channel, 20162023 (USD Million)
10.3 Health Food Stores
10.3.1 Health Benefits of Dairy Alternative Products Lead to Increase in Sales Through Health Food Stores
Table 29 Health Food Stores Market Size, By Region, 20162023 (USD Million)
10.4 Pharmacies
10.4.1 Rising Health Issues and Prescriptions From Doctors for Allergies Tend to Increase Sales of Dairy Alternatives Through Pharmacies
Table 30 Pharmacies Market Size, By Region, 20162023 (USD Million)
10.5 Convenience Stores
10.5.1 Easy Access and Convenience for Consumers Lead to Rise in Sales Through Convenience Stores
Table 31 Convenience Stores Market Size, By Region, 20162023 (USD Million)
10.6 Online Stores
10.6.1 Sales Through Online Stores Offer Faster Accessibility and Cost Effectiveness
Table 32 Online Stores Market Size, By Region, 20162023 (USD Million)
10.7 Others
Table 33 Other Distribution Channels Market Size, By Region, 20162023 (USD Million)
11 Dairy Alternatives Market, By Brand
11.1 Introduction
11.2 Silk
11.3 Dream
11.4 Almond Breeze
11.5 Sunrise Naturals
11.6 So Good
11.7 So Delicious
11.8 Australias Own Organic
11.9 Ecomil
11.10 Alpro
11.11 Edensoy
12 Dairy Alternatives Market, By Region
12.1 Introduction
Figure 31 France to Record The Highest Growth Rate During The Forecast Period
Table 34 Dairy Alternatives Market Size, By Region, 20162023 (USD Million)
Table 35 Market Size, By Region, 20162023 (Million Liters)
12.2 North America
Figure 32 North America: Dairy Alternatives Market Snapshot
Table 36 North America: Market Size, By Country, 20162023 (USD Million)
Table 37 North America: Market Size, By Country, 20162023 (Million Liters)
Table 38 North America: Market Size, By Source, 20162023 (USD Million)
Table 39 North America: Market Size, By Formulation, 20162023 (USD Million)
Table 40 North America: Market Size, By Application, 20162023 (USD Million)
Table 41 North America: Market Size, By Distribution Channel, 20162023 (USD Million)
12.2.1 US
12.2.1.1 Presence of Big Players in US to Drive Dairy Alternatives Market in This Region
Table 42 US: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.2.2 Canada
12.2.2.1 Rise in Demand for Protein Rich Dairy Substitutes to Drive The Market of Dairy Alternatives in Canada
Table 43 Canada: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.2.3 Mexico
12.2.3.1 Rising Urbanization and Growing Demand for Fortified Dairy Free Products to Drive The Dairy Alternatives Market in Mexico
Table 44 Mexico: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.3 Europe
Table 45 Europe: Dairy Alternatives Market Size, By Country, 20162023 (USD Million)
Table 46 Europe: Market Size, By Country, 20162023 (Million Liters)
Table 47 Europe: Market Size, By Source, 20162023 (USD Million)
Table 48 Europe: Market Size, By Formulation, 20162023 (USD Million)
Table 49 Europe: Market Size, By Application, 20162023 (USD Million)
Table 50 Europe: Market Size, By Distribution Channel, 20162023 (USD Million)
12.3.1 Germany
12.3.1.1 The Growing Food & Beverage Industry in Germany is Projected to Drive The Dairy Alternatives Market in This Region
Table 51 Germany: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.3.2 UK
12.3.2.1 Consumer Inclination Towards Healthy Products to Drive Dairy Alternatives Market in The UK
Table 52 UK: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.3.3 France
12.3.3.1 Increased Consumption of Soy-Based Products in France to Drive Dairy Alternatives Market in This Region
Table 53 France: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.3.4 Italy
12.3.4.1 Large Consumption of Cheese is Projected to Drive The Dairy Alternatives Market in Italy
Table 54 Italy: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.3.5 Spain
12.3.5.1 The Rising Prices of Raw Milk in Spain is Projected to Drive The Dairy Alternatives Market
Table 55 Spain: Dairy Alternatives Market Size, By Source,20162023 (USD Million)
12.3.6 Rest of Europe
Table 56 Rest of Europe: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.4 Asia Pacific
Table 57 Asia Pacific: Dairy Alternatives Market Size, By Country/Region, 20162023 (USD Million)
Table 58 Asia Pacific: Market Size, By Country/Region, 20162023 (Million Liters)
Table 59 Asia Pacific: Market Size, By Source, 20162023 (USD Million)
Table 60 Asia Pacific: Market Size, By Formulation, 20162023 (USD Million)
Table 61 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 62 Asia Pacific: Market Size, By Distribution Channel, 20162023 (USD Million)
12.4.1 China
12.4.1.1 Applications of Soy-Derived Dairy Alternatives in Various Chinese Cuisines to Drive The Overall Market for Dairy Alternatives in China
Table 63 China: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.4.2 Japan
12.4.2.1 Rise in Demand for High-Protein Healthy Products to Drive The Dairy Alternatives Market in Japan
Table 64 Japan: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.4.3 India
12.4.3.1 Rise in Demand for Using Dairy-Free Substitutes in Traditional Sweets to Drive Demand for Dairy Alternatives in India
Table 65 India: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.4.4 Australia & New Zealand
12.4.4.1 Rise in Demand for Nutritional Products to Drive The Dairy Alternatives Market in Australia & New Zealand
Table 66 Australia & New Zealand: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.4.5 Rest of Asia Pacific
Table 67 Rest of Asia Pacific: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.5 South America
Figure 33 Dairy Alternatives Consumption Share in South America, By Key Country, 2017
Table 68 South America: Dairy Alternatives Market Size, By Country, 20162023 (USD Million)
Table 69 South America: Market Size, By Country, 20162023 (Million Liters)
Table 70 South America: Market Size, By Source, 20162023 (USD Million)
Table 71 South America: Market Size, By Formulation, 20162023 (USD Million)
Table 72 South America: Market Size, By Application, 20162023 (USD Million)
Table 73 South America: Market Size, By Distribution Channel, 20162023 (USD Million)
12.5.1 Brazil
12.5.1.1 Demand for Clean Label and Rise in Soy Production in Brazil to Drive The Dairy Alternatives Market
Figure 34 Soybean Production in Brazil, 20122018 (MMT)
Table 74 Brazil: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.5.2 Argentina
12.5.2.1 High Local Soybean Production and Growth in Demand for Clean Label to Drive Dairy Alternatives Market in Argentina
Table 75 Argentina: Dairy Alternatives Market Size, By Source, 20162023 (USD Million)
12.5.3 Rest of South America
Table 76 Rest of South America: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.6 Rest of The World (RoW)
Table 77 RoW: Dairy Alternatives Market Size, By Region, 20162023 (USD Million)
Table 78 RoW: Market Size, By Region, 20162023 (Million Liters)
Table 79 RoW: Market Size, By Source, 20162023 (USD Million)
Table 80 RoW: Market Size, By Formulation, 20162023 (USD Million)
Table 81 RoW: Market Size, By Application, 20162023 (USD Million)
Table 82 RoW: Market Size, By Distribution Channel, 20162023 (USD Million)
12.6.1 Middle East
12.6.1.1 High Spending Power and Presence of Health-Conscious Consumers to Drive Dairy Alternatives Market in The Middle East
Table 83 Middle East: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
12.6.2 Africa
12.6.2.1 Rise in Urbanization and Growth of Retail Chain to Increase Demand for Dairy Alternatives in Africa
Table 84 Africa: Dairy Alternative Market Size, By Source, 20162023 (USD Million)
13 Competitive Landscape
13.1 Introduction
Figure 35 Dairy Alternative Market (Global) Competitive Leadership Mapping, 2018
13.2 Competitive Benchmarking
13.3 Vanguards, Innovators, Emerging, and Dynamic
14 Competitive Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 The Whitewave Foods Company
Figure 36 Whitewave Foods: Company Snapshot
14.2 The Hain Celestial
Figure 37 The Hain Celestial: Company Snapshot
14.3 Blue Diamond Growers
Figure 38 Blue Diamond Growers: Company Snapshot
14.4 Sunopta
Figure 39 Sunopta: Company Snapshot
14.5 Sanitarium Health and Wellbeing Company
14.6 Freedom Foods Group
Figure 40 Freedom Foods Group: Company Snapshot
14.7 Eden Foods
14.8 Nutriops S.L
14.9 Earths Own Food Company
14.10 Triballat Noyal
14.11 Valsoia S.P.A.
Figure 41 Valsoia S.P.A: Company Snapshot
14.12 Dφhler GmbH
14.13 Panos Brands
14.14 Organic Valley
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
15 Appendix
15.1 Discussion Guide
15.1.1 Company Developments
15.1.1.1 Acquisitions & Merger
Table 85 Acquisitions, 20122017
15.1.1.2 Expansions
Table 86 Expansions, 20122017
15.1.1.3 Agreements, Joint Venture & Partnerships
Table 87 Agreements, Joint Venture, Partnerships, 20122017
15.1.1.4 New Products Launches
Table 88 New Product Launches, 20122017
15.2 Knowledge Store: Marketsandmarkets Subscription Portal
15.3 Available Customizations
15.4 Related Reports
15.5 Author Details
The study involved four major activities in estimating the current market size of the dairy alternatives market. Exhaustive secondary research was done to collect information on the market as well as the parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments.
Secondary Research
In the secondary research process, various sources were referred to, so as to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, gold & silver standard websites, manufacturing companies, regulatory bodies, trade directories, and databases.
Secondary research was mainly used to obtain key information about the industrys 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.
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)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Dairy Alternatives Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Dairy Alternatives Market