Dairy Alternative Market - Global Industry Analysis

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. 

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

• Almond milk
• Oat milk
• Rice milk
• Soya milk
• Others

Global Dairy Alternative Market: Formulations Segment Analysis

• Plain sweetened
• Plain unsweetened
• Flavored sweetened
• Flavored unsweetened
• Others 

Global Dairy Alternative Market: Region Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East & Africa

• Chapter 1. Preface
  • 1.1. Report Description and Scope
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology
• Chapter 2. Executive Summary
  • 2.1. Dairy Alternative Market, 2016–2026 (USD Billion)
  • 2.2. Dairy Alternative Market: Snapshot
• Chapter 3. Dairy Alternative Market – Industry Analysis
  • 3.1. Dairy Alternative Market: Market Dynamics
  • 3.2. Market Drivers
    • 3.2.1. Growing vegetarian population and increase health awareness
    • 3.2.2. Strong support from the government and associations
  • 3.3. Restraints
    • 3.3.1. Absence of proteins, cross contamination of raw materials and high cost associated
  • 3.4. Opportunities
    • 3.4.1. Lactose intulerance, new marketing techniques and awareness programs regarding dairy alternatives
  • 3.5. Porter’s Five Forces Analysis
  • 3.6. Market Attractiveness Analysis
    • 3.6.1. Market attractiveness analysis By Type
    • 3.6.2. Market attractiveness analysis By Formulations
    • 3.6.3. Market attractiveness analysis by Region
• Chapter 4. Dairy Alternative Market– Competitive Landscape
  • 4.1. Company market share analysis
    • 4.1.1. Global Dairy Alternative Market: company market share, 2019
  • 4.2. Strategic development
    • 4.2.1. Acquisitions & mergers
    • 4.2.2. New Type launches
    • 4.2.3. Agreements, partnerships, cullaborations and joint ventures
    • 4.2.4. Research and development and Regional expansion
  • 4.3. Price trend analysis
• Chapter 5. Global Dairy Alternative Market –Type Analysis
  • 5.1. Global Dairy Alternative Market overview: By Type
    • 5.1.1. Global Dairy Alternative Market share, By Type,2019 and 2026
  • 5.2. Almond milk
    • 5.2.1. Global Dairy Alternative Market by Almond milk, 2016–2026 (USD Billion)
  • 5.3. Oat milk
    • 5.3.1. Global Dairy Alternative Market by Oat milk, 2016–2026 (USD Billion)
  • 5.4. Rice milk
    • 5.4.1. Global Dairy Alternative Market by Rice milk, 2016–2026 (USD Billion)
  • 5.5. Soya milk
    • 5.5.1. Global Dairy Alternative Market by Soya milk, 2016–2026 (USD Billion)
  • 5.6. Others
    • 5.6.1. Global Dairy Alternative Market by Others, 2016–2026 (USD Billion)
• Chapter 6. Global Dairy Alternative Market –Formulations Analysis
  • 6.1. Global Dairy Alternative Market overview: By Formulations
    • 6.1.1. Global Dairy Alternative Market share, By Formulations, 2019 and 2026
  • 6.2. Plain sweetened
    • 6.2.1. Global Dairy Alternative Market by Plain sweetened, 2016–2026 (USD Billion)
  • 6.3. Plain unsweetened
    • 6.3.1. Global Dairy Alternative Market by Plain unsweetened, 2016–2026 (USD Billion)
  • 6.4. Flavored sweetened
    • 6.4.1. Global Dairy Alternative Market by Flavored sweetened, 2016–2026 (USD Billion)
  • 6.5. Flavored unsweetened
    • 6.5.1. Global Dairy Alternative Market by Flavored unsweetened, 2016–2026 (USD Billion)
  • 6.6. Others
    • 6.6.1. Global Dairy Alternative Market by Others, 2016–2026 (USD Billion)
• Chapter 7. Global Dairy Alternative Market - Regional Analysis
  • 7.1. Global Dairy Alternative Market overview: by Region
    • 7.1.1. Global Dairy Alternative Market share, by Region, 2019 and 2026
  • 7.2. North America
    • 7.2.1. North America Dairy Alternative Market, 2016–2026 (USD Billion)
    • 7.2.2. North America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
    • 7.2.3. North America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.2.4. U.S.
      • 7.2.4.1. U.S. Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.2.4.2. U.S. Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.2.5. Rest of North America
      • 7.2.5.1. Rest of North America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.2.5.2. Rest of North America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
  • 7.3. Europe
    • 7.3.1. Europe Dairy Alternative Market, 2016–2026 (USD Billion)
    • 7.3.2. Europe Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
    • 7.3.3. Europe Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.3.4. UK
      • 7.3.4.1. U.K. Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.3.4.2. U.K. Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.3.5. France
      • 7.3.5.1. France Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.3.5.2. France Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.3.6. Germany
      • 7.3.6.1. Germany Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.3.6.2. Germany Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.3.7. Rest of Europe
      • 7.3.7.1. Rest of Europe Dairy Alternative Market revenue, By Type, 2016–2026 (USD Billion)
      • 7.3.7.2. Rest of Europe Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Dairy Alternative Market, 2016–2026 (USD Billion)
    • 7.4.2. Asia Pacific Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
    • 7.4.3. Asia Pacific Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.4.4. China
      • 7.4.4.1. China Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.4.4.2. China Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.4.5. Japan
      • 7.4.5.1. Japan Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.4.5.2. Japan Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.4.6. India
      • 7.4.6.1. India Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.4.6.2. India Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.4.7. Rest of Asia Pacific
      • 7.4.7.1. Rest of Asia Pacific Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.4.7.2. Rest of Asia Pacific Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
  • 7.5. Latin America
    • 7.5.1. Latin America Dairy Alternative Market, 2016–2026 (USD Billion)
    • 7.5.2. Latin America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
    • 7.5.3. Latin America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.5.4. Brazil
      • 7.5.4.1. Brazil Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.5.4.2. Brazil Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
    • 7.5.5. Rest of Latin America
      • 7.5.5.1. Rest of Latin America Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
      • 7.5.5.2. Rest of Latin America Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
  • 7.6. The Middle East and Africa
    • 7.6.1. The Middle East and Africa Dairy Alternative Market, 2016–2026 (USD Billion)
    • 7.6.2. The Middle East and Africa Dairy Alternative Market revenue, By Type,2016–2026 (USD Billion)
    • 7.6.3. The Middle East and Africa Dairy Alternative Market revenue, By Formulations, 2016–2026 (USD Billion)
• Chapter 8. Company Profiles
  • 8.1. Blue Diamond Growers
    • 8.1.1. Overview
    • 8.1.2. Financials
    • 8.1.3. Type Portfolio
    • 8.1.4. Business Strategy
    • 8.1.5. Recent Developments
  • 8.2. Earth's Own Food Company
    • 8.2.1. Overview
    • 8.2.2. Financials
    • 8.2.3. Type Portfolio
    • 8.2.4. Business Strategy
    • 8.2.5. Recent Developments
  • 8.3. Panos Brands LLC
    • 8.3.1. Overview
    • 8.3.2. Financials
    • 8.3.3. Type Portfolio
    • 8.3.4. Business Strategy
    • 8.3.5. Recent Developments
  • 8.4. Eden Foods Inc
    • 8.4.1. Overview
    • 8.4.2. Financials
    • 8.4.3. Type Portfolio
    • 8.4.4. Business Strategy
    • 8.4.5. Recent Developments
  • 8.5. The Bridge S.R.L
    • 8.5.1. Overview
    • 8.5.2. Financials
    • 8.5.3. Type Portfolio
    • 8.5.4. Business Strategy
    • 8.5.5. Recent Development
  • 8.6. Whitewave Foods Company
    • 8.6.1. Overview
    • 8.6.2. Financials
    • 8.6.3. Type Portfolio
    • 8.6.4. Business Strategy
    • 8.6.5. Recent Development
  • 8.7. Associated British Foods
    • 8.7.1. Overview
    • 8.7.2. Financials
    • 8.7.3. Type Portfolio
    • 8.7.4. Business Strategy
    • 8.7.5. Recent Development
  • 8.8. BASF SE
    • 8.8.1. Overview
    • 8.8.2. Financials
    • 8.8.3. Type Portfolio
    • 8.8.4. Business Strategy
    • 8.8.5. Recent Development