Global demand for Dairy Alternative Market was valued at approximately USD 18.2 billion in 2019, and is expected to generate revenue of around USD 36.2 billion by end of 2026, growing at a CAGR of around 10.2 % between 2020 and 2026
According to the report, global demand for Dairy Alternative market was valued at approximately USD 18.2 billion in 2019, and is expected to generate revenue of around USD 36.2 billion by end of 2026, growing at a CAGR of around 10.2 % between 2020 and 2026.
Dairy alternative is a plant based milk and used as major substitute of milk. It is processed through cereals (oats, rice, wheat, and barley), nuts, and seeds. It contains low cholesterol and low fat content than milk products. Dairy alternative do not contain lactose that have a therapeutic or medical advantages particularly for the lactose intolerant population.
The report covers forecast and analysis for the dairy alternative market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). The report also offers detailed competitive landscape of the global dairy alternative market. It includes company market share analysis, product portfolio of the major industry participants. The report provides market opportunities for the upcoming years.
Dairy alternative products have various health benefits. Growing vegetarian population and increase health awareness mainly drives the dairy alternative market. Strong support from the government and associations is also expected to offer growth prospects for dairy alternative market. However, absence of proteins, cross contamination of raw materials and high cost associated with dairy alternatives may hamper the dairy alternative market. Nevertheless, lactose intolerance, new marketing techniques and awareness programs regarding dairy alternatives may create various opportunities for this market.
In terms of segmentation, the dairy alternative market has been segmented on the basis of product which includes almond milk, oat milk, rice milk, soya milk and others. The soya milk segment is expected to acquire the largest market share of global market in the coming years. The demand for almond milk is also increasing extensively due to various health advantages and high content of calcium and vitamin. On the basis of formulations market is divided into plain-sweetened, plain-unsweetened, flavored-sweetened, flavored-unsweetened, and others.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
The dairy alternative market has been encountering constant development and would keep up the same trend in the near future. Geographically, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific dairy alternatives market is predicted to grow at the highest CAGR in the forecast period. Rising health awareness, increasing cases of lactose intolerance and milk allergy in this region would fuel the market growth.
There are some major players in the dairy alternative market such as Blue Diamond Growers, Earth's Own Food Company, Panos Brands LLC, Eden Foods Inc, The Bridge S.R.L, Whitewave Foods Company, Associated British Foods, and BASF SE among others.
Global Dairy Alternative Market: Product Segment Analysis
Global Dairy Alternative Market: Formulations Segment Analysis
Global Dairy Alternative Market: Region Segment Analysis
List of Figures
1. Market research process
2. Market research methodology
3. Global Dairy Alternative Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Dairy Alternative Market attractiveness, By Type
6. Global Dairy Alternative Market attractiveness, By Formulations
7. Global Dairy Alternative Market attractiveness, By Region
8. Global Dairy Alternative Market share, By Type, 2019 and 2026
9. Global Dairy Alternative Market by Almond milk, 2016–2026 (USD Billion)
10. Global Dairy Alternative Market by Oat milk,2016–2026 (USD Billion)
11. Global Dairy Alternative Market by Rice milk,2016–2026 (USD Billion)
12. Global Dairy Alternative Market by Soya milk,2016–2026 (USD Billion)
13. Global Dairy Alternative Market by Others,2016–2026 (USD Billion)
14. Global Dairy Alternative Market share, By Formulations, 2019 and 2026
15. Global Dairy Alternative Market by Plain sweetened, 2016–2026 (USD Billion)
16. Global Dairy Alternative Market by Plain unsweetened, 2016–2026 (USD Billion)
17. Global Dairy Alternative Market by Flavored sweetened, 2016–2026 (USD Billion)
18. Global Dairy Alternative Market by Flavored unsweetened, 2016–2026 (USD Billion)
19. Global Dairy Alternative Market by Others, 2016–2026 (USD Billion)
20. Global Dairy Alternative Market share, by Region, 2018and 2025
21. North America Dairy Alternative Market, 2016–2026 (USD Billion)
22. Europe Dairy Alternative Market, 2016–2026 (USD Billion)
23. Asia Pacific Dairy Alternative Market, 2016–2026 (USD Billion)
24. Latin America Dairy Alternative Market, 2016–2026 (USD Billion)
25. The Middle East and Africa Dairy Alternative Market, 2016–2026 (USD Billion)
List of Tables
1. Global Dairy Alternative Market: snapshot
2. Drivers of the Dairy Alternative Market: impact analysis
3. Restraints of the Dairy Alternative Market: impact analysis
4. North America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
5. North America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
6. U.S. Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
7. U.S. Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
8. Rest of North America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
9. Rest of North America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
10. Europe Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
11. Europe Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
12. U.K. Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
13. U.K. Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
14. France Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
15. France Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
16. Germany Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
17. Germany Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
18. Rest of Europe Dairy Alternative revenue, By Type,2016–2026 (USD Billion)
19. Rest of Europe Dairy Alternative revenue, By Formulations, 2016–2026 (USD Billion)
20. Asia Pacific Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
21. Asia Pacific Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
22. China Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
23. China Dairy Alternative revenue, By Formulations, 2016–2026 (USD Billion)
24. Japan Dairy Alternative revenue, By Type,2016–2026 (USD Billion)
25. Japan Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
26. India Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
27. India Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
28. Rest of Asia Pacific Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
29. Rest of Asia Pacific Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
30. Latin America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
31. Latin America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
32. Brazil Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
33. Brazil Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
34. Rest of Latin America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
35. Rest of Latin America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
36. The Middle East and Africa Dairy Alternative Market revenue, By Type, 2016–2026 (USD Billion)
37. The Middle East and Africa Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
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