Global Dairy Alternatives Market Overview

Dairy Alternatives Market was valued at USD 23110 million in 2021 and is expected to reach USD 50930 million by the year 2028, at a CAGR of 11.95 %.

Dairy alternatives referred to different food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are obtained from plant-based sources, such as grains and seeds, and are ample sources of essential nutrients, such as minerals, vitamins, iron, potassium, calcium, and magnesium. They also have the least levels of fat and calories and are generally utilized by individuals suffering from lactose intolerance. Furthermore, grains and seeds such as rice, oat, wheat, barley, coconut, cashew, oat, almond, and soymilk are the commonly available dairy alternatives. They help in various medical issues such as weight management, maintaining a healthy nervous system, red blood cell (RBC) levels, and brain functioning. According to the MDPI article, the global plant milk market reached the registered size of US $8.51 billion in 2016 and is forecasted to grow to a CAGR of 12.5% to triple to a market size of US $24.6 billion in 2025. Moreover, soy milk is worldwide the dominant plant milk concerning market shares. The highest utilization of plant milk is in the Asian-Pacific area. In addition, the main quality for plant milk was sugar level (naturally sweetened), plant source (almond), and the size of the packaging (half a gallon). Important values for both customers groups were to gain a healthy lifestyle and a balanced diet. Additionally, in 2016, based on the study, consumers look into the motives to replace animal proteins with plant proteins and found the main objective to be environmental concerns, health, weight control, and social aspects which helps to leads the dairy alternative market growth during the forecast period.

Market Dynamics and Factor of Dairy Alternatives Market:

Drivers:

Plant milk and plant milk products will reach the highest market share in the years to come, primarily in developed economies. The trend towards shifting food lifestyles (flexitarian, vegetarian, and vegan lifestyles) seems to be the main driver behind it.

The demand for unsweetened dairy substitutes is growing as consumers are attempting to avoid additional calories brought in by the added sugar. End users are also choosing dairy alternatives as a means to cut back on calories utilized as dairy products generally contain a rich in calories. Consumers looking to controlling weight have been growingly substituting cow or buffalo milk with soy or almond milk. This, in turn, is anticipated to help the growth of the market as fitness-savvy consumers are rising over the globe.

High Awareness of hormones, pesticides, and antibiotics is turning the demand for the product. The residues of the introductory substances are declared to be harmful for utilization, especially by pregnant women. The existing hormones in dairy products consumed by humans are anticipated to produce and initiate endometrial, breast cancer, and prostate. Dairy substitutes are a safe option instead of dairy products as they are natural by source and are blended naturally. The good benefits catered by the dairy alternatives are anticipated to further accelerate the market growth during the forecast period.

Restraints:

The key factor restraining the growth of the dairy alternatives market is allergies related to the plant-based sources used to manufacture dairy alternative products. While soybeans are rich in nutrient components, the presence of anti-nutritional components in soy could cause allergies. A soy allergy is obtained when the human immune system mistakes the safe proteins found in soy as harmful and produces antibodies to battle them. Furthermore, sub-optimal market penetration and low consumer consciousness regarding plant-based products and their health benefits affect the sales of the dairy alternatives product and hampering the market growth over the forecast period.

Challenges:

The unstable price of raw materials, growing health problems, animal welfare, and environmental impacts, plant milk, and plant milk products will challenge the dairy industry.

Opportunities:

Organic food & beverages can turn the business landscape in the total dairy alternatives market. Shifting consumer preferences have been oriented toward healthy food & beverages this is attributed to a growth in the consciousness related to the functional health benefits in the consumption of organic food products. Clean-label food & beverages have been attracting consumers globally, increasing in demand for organic ingredients. Moreover, emerging economies such as China and India are expected to witness high demand from the supply side for organic food ingredients over the projected period. The demand for dairy substitutes food & beverage products is high in the developed market of the US and Canada. Consumer choices for vegan products are rapidly growing as marketing campaigns are planned to highlight their use and health benefit claims. Emerging countries such as China and Australia are anticipated to experience a high upsurge in demand for dairy alternatives in the upcoming years. This demand may be turned by a rising consumer preference for vegan foods.

COVID-19 Impact on Dairy Alternatives Market:

The rising consumer concerns regarding the utilization of animal-based food and beverage products in the wake of the COVID-19 outbreak and the usage of vegan diets due to growing health awareness are anticipated to drive the growth of the dairy alternatives market. Nevertheless, inadequate cold chain infrastructure in the South-East Asian economies and comparatively higher prices of plant-based products are anticipated to restraint the market growth. Soy is used primarily in plant-based products due to its protein-rich content which is utilized extensively in vegan food and beverage products owing to its functional characteristics. Therefore, different new plant-based products are being introduced, incorporating soy as a raw material. Remarkedly, tofu which is quite popular in the Eastern Asian region is often catered as an alternative to meat, and cottage cheese in many parts of the region. Moreover, COVID-19's relation with animal sources will result in a large population switching from meat-based proteins to plant-based proteins owing to different health and environmental concerns. In the long term, the COVID-19 situation is probably to impact the dairy alternatives market over the South-East Asian region on a positive note.

Market Segmentation

Segmentation for Dairy Alternatives Market:

Based on the source, the soy segment dominates the market over the forecast period. Soy led the market in 2020 and recorded more than 35.0% share of the global revenue. Soy milk is high in nutrients and has a rich protein content compared to other dairy substitutes, which is anticipated to turn the segment during the projected period. Soy milk has been traditionally used in the Asia Pacific region over centuries and is a part of various recipes, which is anticipated to keep the product demand continuously stable during the forecast period. It is utilized to minimize obesity and blood cholesterol levels. It also helps to overcome the risk of various postmenopausal issues, along with enhancing cardiovascular health, which, in turn, has made it a preferred supplement.

Based on the product type, the non-dairy milk product category led the market and registered for a revenue share of more than 67.0% in 2020. The growing old age population has resulted in people choosing non-dairy milk alternatives in Europe. However, rising health awareness over soymilk, especially for breast cancer survivors, is probably to hinder the market growth. In Europe, growing demand for low-calorie content food, coupled with the increasing popularity of plant-based nutritional products, is probably to augment the demand for the product in the upcoming years.

Based on distribution channels, supermarkets and hypermarkets are large-sized retail outlets, which usually provide different segments or brands of retail products under one roof. Supermarkets are usually located near a residential area to be available to the customers. However, owing to the unavailability of land near residential areas, most of the supermarkets and hypermarket stores are opening their new stores outside the city. Furthermore, online stores will be the fastest-growing segment after hypermarket/supermarket in the dairy alternatives market. Online stores also are easily available and are cost-effective. They also provide consumers alternative dairy products at discounted prices as compared to traditional retail prices.

Based on the application, the dairy-free probiotic drinks segment dominated the market, owing to rising health concerns relates to lactose intolerance and the busy lifestyles of the consumers. Plant-based milk products are rich in nutrients and are available in various flavors.

Players Covered in Dairy Alternatives market are :

  • Earth's Own Food Company Inc. (Canada)

  • Freedom Foods Group Ltd. (Australia)

  • The Hain Celestial Group, Inc. (the US)

  • Living Harvest Foods Inc. (US)

  • SunOpta Inc. (Canada)

  • CP Kelco (Georgia)

  • Organic Valley Family of Farms (US)

  • Danone (France)

  • Oatly (Sweden)

  • Vitasoy International Holdings Limited (Hong Kong)

  • DAIYA FOODS INC. (Canada)

  • Melt Organic (Idaho)

  • Ripple Foods (US)

  • ADM (US)

  • The Whitewave Foods Company (US)

  • Eden Foods

  • Inc. (US)

  • Blue Diamond Growers (US)

  • and others Major Players.

Regional Analysis for Dairy Alternatives Market:

Asia Pacific region dominates the market and registered a high market share during the forecast period. Growing population and increasing disposable incomes in developing economies, such as India, China, and Japan, are expected to increase the demand for the product in the Asia Pacific region. Rising cases of lactose intolerance, coupled with the growing health problem related to harmful additives used in dairy products, are anticipated to hasten the demand for non-dairy products, such as soy milk, almond milk, rice milk, and other dairy substitutes.

North America is another main market for dairy alternatives as various dairy alternative products, such as ice cream and yogurt, are utilized on a large amount. Flavored milk was recorded for over two-thirds of milk products sold in North American schools. Growing consumer demand for sweetened flavored soy and almond milk is anticipated to be a major factor turning the dairy alternatives industry. Milk-based dairy alternatives are used for producing various food items and desserts, which is anticipated to turn the industry during the projected period in the North American region. Moreover, according to the MDPI article, in the starting, US consumers utilized soy milk to replace cow milk, but in recent years, other plant milk alternatives have reached popularity. Soy milk revenue in the USA decreased by "double-digit per capita utilization" in the year 2014, although the milk alternative category with grain, nuts, rice, and seed milk had a 28% consumption growth.

The European market is anticipated to observe significant growth due to the increasing demand for healthy food and beverages in the region. Dairy alternative-based food and beverages are always consumed as alternatives to dairy beverages. Producers are targeting new product development such as soy juice mixes and fresh soy drinks. Furthermore, According to MDPI article, approximate 15% of Europeans does not use dairy anymore, arising in a plant milk market share of 4% in Europe, which is still small, nevertheless, in the last decade, sales more than doubled, primarily for non-soy beverages, which went from a 17% to a 40% share in the plant milk segment. In 2015, more than 130 plant milk alternatives were accessible on the European market, with a size of US $1.5 billion

Key Industry Developments of Dairy Alternatives Market:

  • In November 2020, A Canadian-based company SunOpta declared its investment of USD 26 million into its Minnesota-based oat processing unit. This will allow the company to meet the growing demand for oat milk in the US. The Minnesota facility would manufacture an oat base, which is utilized for plant-based ice creams and yogurts, and also milk substitutes.

  • In March 2020, An Idaho-based company Melt Organic introduced Butter Sticks Unsalted. The product is prepared from a perfect blend of fruit- and plant-based oils featuring certified organic, non-GMO coconut oil. This product was introduced to accomplish the consumer demand for an unsalted product for baking and cooking needs.

Global Dairy Alternatives Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 23110 Mn.

Forecast Period 2022-28 CAGR:

11.95 %

Market Size in 2028:

USD 50930 Mn.

Segments Covered:

By Type

  • Non-Dairy Milk
  • Yoghurt
  • Ice-Creams
  • Cheese
  • Creamers
  • Others

By Source

  • Coconut
  • Soy
  • Almond
  • Hemp Seeds
  • Rice
  • Other

By Distribution Channels

  • Specialty Stores
  • Supermarket/Hypermarket
  • Health Food Stores
  • Pharmaceuticals
  • Retails

By Application

  • Food and Beverages
  • Dairy-Free Probiotics Drinks
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Culture of Vegan Products Boosting the Market  

Key Market Restraints:

  • Harmful allergies from plant based dairy products impedes the market growth

Key Opportunities:

  • Growing Demand of Organic Ingredient-Based Products in Developed Countries

Companies Covered in the report:

  • Earth's Own Food Company Inc., Freedom Foods Group Ltd., The Hain Celestial Group, Inc., Living Harvest Foods Inc., SunOpta Inc, CP Kelco, Organic Valley Family of Farms and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Source
 3.4 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Dairy Alternatives Market by Type
 4.1 Dairy Alternatives Market Overview Snapshot and Growth Engine
 4.2 Dairy Alternatives Market Overview
 4.3 Non-Dairy Milk
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Non-Dairy Milk: Grographic Segmentation
 4.4 Yoghurt
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Yoghurt: Grographic Segmentation
 4.5 Ice-Creams
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Ice-Creams: Grographic Segmentation
 4.6 Cheese
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size (2016-2028F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Cheese: Grographic Segmentation
 4.7 Creamers
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size (2016-2028F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Creamers: Grographic Segmentation
 4.8 And Others
  4.8.1 Introduction and Market Overview
  4.8.2 Historic and Forecasted Market Size (2016-2028F)
  4.8.3 Key Market Trends, Growth Factors and Opportunities
  4.8.4 And Others: Grographic Segmentation

Chapter 5: Dairy Alternatives Market by Application
 5.1 Dairy Alternatives Market Overview Snapshot and Growth Engine
 5.2 Dairy Alternatives Market Overview
 5.3 Food And Beverages
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Food And Beverages: Grographic Segmentation
 5.4 Dairy-Free Probiotics Drinks
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Dairy-Free Probiotics Drinks: Grographic Segmentation
 5.5 And Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 And Others: Grographic Segmentation

Chapter 6: Dairy Alternatives Market by Source
 6.1 Dairy Alternatives Market Overview Snapshot and Growth Engine
 6.2 Dairy Alternatives Market Overview
 6.3 Coconut
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Coconut: Grographic Segmentation
 6.4 Soy
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Soy: Grographic Segmentation
 6.5 Almond
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Almond: Grographic Segmentation
 6.6 Hemp Seeds
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Hemp Seeds: Grographic Segmentation
 6.7 Rice
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Rice: Grographic Segmentation
 6.8 Oats
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Oats: Grographic Segmentation
 6.9 Sunflower
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Sunflower: Grographic Segmentation
 6.10 Wheat
  6.10.1 Introduction and Market Overview
  6.10.2 Historic and Forecasted Market Size (2016-2028F)
  6.10.3 Key Market Trends, Growth Factors and Opportunities
  6.10.4 Wheat: Grographic Segmentation
 6.11 Barley
  6.11.1 Introduction and Market Overview
  6.11.2 Historic and Forecasted Market Size (2016-2028F)
  6.11.3 Key Market Trends, Growth Factors and Opportunities
  6.11.4 Barley: Grographic Segmentation

Chapter 7: Dairy Alternatives Market by Distribution Channel
 7.1 Dairy Alternatives Market Overview Snapshot and Growth Engine
 7.2 Dairy Alternatives Market Overview
 7.3 Speciality Stores
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Speciality Stores: Grographic Segmentation
 7.4 Supermarket/Hypermarket
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Supermarket/Hypermarket: Grographic Segmentation
 7.5 Health Food Stores
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Health Food Stores: Grographic Segmentation
 7.6 Pharmaceuticals
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Pharmaceuticals: Grographic Segmentation
 7.7 Retails
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2016-2028F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Retails: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Dairy Alternatives Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Dairy Alternatives Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Dairy Alternatives Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 EARTH'S OWN FOOD COMPANY INC. (CANADA)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 FREEDOM FOODS GROUP LTD. (AUSTRALIA)
 8.4 THE HAIN CELESTIAL GROUP
 8.5 INC. (THE US)
 8.6 LIVING HARVEST FOODS INC. (US)
 8.7 SUNOPTA INC. (CANADA)
 8.8 CP KELCO (GEORGIA)
 8.9 ORGANIC VALLEY FAMILY OF FARMS (US)
 8.10 DANONE (FRANCE)
 8.11 OATLY (SWEDEN)
 8.12 VITASOY INTERNATIONAL HOLDINGS LIMITED (HONG KONG)
 8.13 DAIYA FOODS INC. (CANADA)
 8.14 MELT ORGANIC (IDAHO)
 8.15 RIPPLE FOODS (US)
 8.16 ADM (US)
 8.17 THE WHITEWAVE FOODS COMPANY (US)
 8.18 EDEN FOODS
 8.19 INC. (US)
 8.20 BLUE DIAMOND GROWERS (US)
 8.21 AND OTHERS.

Chapter 9: Global Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Non-Dairy Milk
  9.2.2 Yoghurt
  9.2.3 Ice-Creams
  9.2.4 Cheese
  9.2.5 Creamers
  9.2.6 And Others
 9.3 Historic and Forecasted Market Size By Application
  9.3.1 Food And Beverages
  9.3.2 Dairy-Free Probiotics Drinks
  9.3.3 And Others
 9.4 Historic and Forecasted Market Size By Source
  9.4.1 Coconut
  9.4.2 Soy
  9.4.3 Almond
  9.4.4 Hemp Seeds
  9.4.5 Rice
  9.4.6 Oats
  9.4.7 Sunflower
  9.4.8 Wheat
  9.4.9 Barley
 9.5 Historic and Forecasted Market Size By Distribution Channel
  9.5.1 Speciality Stores
  9.5.2 Supermarket/Hypermarket
  9.5.3 Health Food Stores
  9.5.4 Pharmaceuticals
  9.5.5 Retails

Chapter 10: North America Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Non-Dairy Milk
  10.4.2 Yoghurt
  10.4.3 Ice-Creams
  10.4.4 Cheese
  10.4.5 Creamers
  10.4.6 And Others
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Food And Beverages
  10.5.2 Dairy-Free Probiotics Drinks
  10.5.3 And Others
 10.6 Historic and Forecasted Market Size By Source
  10.6.1 Coconut
  10.6.2 Soy
  10.6.3 Almond
  10.6.4 Hemp Seeds
  10.6.5 Rice
  10.6.6 Oats
  10.6.7 Sunflower
  10.6.8 Wheat
  10.6.9 Barley
 10.7 Historic and Forecasted Market Size By Distribution Channel
  10.7.1 Speciality Stores
  10.7.2 Supermarket/Hypermarket
  10.7.3 Health Food Stores
  10.7.4 Pharmaceuticals
  10.7.5 Retails
 10.8 Historic and Forecast Market Size by Country
  10.8.1 U.S.
  10.8.2 Canada
  10.8.3 Mexico

Chapter 11: Europe Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Non-Dairy Milk
  11.4.2 Yoghurt
  11.4.3 Ice-Creams
  11.4.4 Cheese
  11.4.5 Creamers
  11.4.6 And Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Food And Beverages
  11.5.2 Dairy-Free Probiotics Drinks
  11.5.3 And Others
 11.6 Historic and Forecasted Market Size By Source
  11.6.1 Coconut
  11.6.2 Soy
  11.6.3 Almond
  11.6.4 Hemp Seeds
  11.6.5 Rice
  11.6.6 Oats
  11.6.7 Sunflower
  11.6.8 Wheat
  11.6.9 Barley
 11.7 Historic and Forecasted Market Size By Distribution Channel
  11.7.1 Speciality Stores
  11.7.2 Supermarket/Hypermarket
  11.7.3 Health Food Stores
  11.7.4 Pharmaceuticals
  11.7.5 Retails
 11.8 Historic and Forecast Market Size by Country
  11.8.1 Germany
  11.8.2 U.K.
  11.8.3 France
  11.8.4 Italy
  11.8.5 Russia
  11.8.6 Spain

Chapter 12: Asia-Pacific Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Non-Dairy Milk
  12.4.2 Yoghurt
  12.4.3 Ice-Creams
  12.4.4 Cheese
  12.4.5 Creamers
  12.4.6 And Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Food And Beverages
  12.5.2 Dairy-Free Probiotics Drinks
  12.5.3 And Others
 12.6 Historic and Forecasted Market Size By Source
  12.6.1 Coconut
  12.6.2 Soy
  12.6.3 Almond
  12.6.4 Hemp Seeds
  12.6.5 Rice
  12.6.6 Oats
  12.6.7 Sunflower
  12.6.8 Wheat
  12.6.9 Barley
 12.7 Historic and Forecasted Market Size By Distribution Channel
  12.7.1 Speciality Stores
  12.7.2 Supermarket/Hypermarket
  12.7.3 Health Food Stores
  12.7.4 Pharmaceuticals
  12.7.5 Retails
 12.8 Historic and Forecast Market Size by Country
  12.8.1 China
  12.8.2 India
  12.8.3 Japan
  12.8.4 Southeast Asia

Chapter 13: South America Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Non-Dairy Milk
  13.4.2 Yoghurt
  13.4.3 Ice-Creams
  13.4.4 Cheese
  13.4.5 Creamers
  13.4.6 And Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Food And Beverages
  13.5.2 Dairy-Free Probiotics Drinks
  13.5.3 And Others
 13.6 Historic and Forecasted Market Size By Source
  13.6.1 Coconut
  13.6.2 Soy
  13.6.3 Almond
  13.6.4 Hemp Seeds
  13.6.5 Rice
  13.6.6 Oats
  13.6.7 Sunflower
  13.6.8 Wheat
  13.6.9 Barley
 13.7 Historic and Forecasted Market Size By Distribution Channel
  13.7.1 Speciality Stores
  13.7.2 Supermarket/Hypermarket
  13.7.3 Health Food Stores
  13.7.4 Pharmaceuticals
  13.7.5 Retails
 13.8 Historic and Forecast Market Size by Country
  13.8.1 Brazil
  13.8.2 Argentina

Chapter 14: Middle East & Africa Dairy Alternatives Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Non-Dairy Milk
  14.4.2 Yoghurt
  14.4.3 Ice-Creams
  14.4.4 Cheese
  14.4.5 Creamers
  14.4.6 And Others
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Food And Beverages
  14.5.2 Dairy-Free Probiotics Drinks
  14.5.3 And Others
 14.6 Historic and Forecasted Market Size By Source
  14.6.1 Coconut
  14.6.2 Soy
  14.6.3 Almond
  14.6.4 Hemp Seeds
  14.6.5 Rice
  14.6.6 Oats
  14.6.7 Sunflower
  14.6.8 Wheat
  14.6.9 Barley
 14.7 Historic and Forecasted Market Size By Distribution Channel
  14.7.1 Speciality Stores
  14.7.2 Supermarket/Hypermarket
  14.7.3 Health Food Stores
  14.7.4 Pharmaceuticals
  14.7.5 Retails
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Saudi Arabia
  14.8.2 South Africa

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Dairy Alternatives Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 23110 Mn.

Forecast Period 2022-28 CAGR:

11.95 %

Market Size in 2028:

USD 50930 Mn.

Segments Covered:

By Type

  • Non-Dairy Milk
  • Yoghurt
  • Ice-Creams
  • Cheese
  • Creamers
  • Others

By Source

  • Coconut
  • Soy
  • Almond
  • Hemp Seeds
  • Rice
  • Other

By Distribution Channels

  • Specialty Stores
  • Supermarket/Hypermarket
  • Health Food Stores
  • Pharmaceuticals
  • Retails

By Application

  • Food and Beverages
  • Dairy-Free Probiotics Drinks
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Culture of Vegan Products Boosting the Market  

Key Market Restraints:

  • Harmful allergies from plant based dairy products impedes the market growth

Key Opportunities:

  • Growing Demand of Organic Ingredient-Based Products in Developed Countries

Companies Covered in the report:

  • Earth's Own Food Company Inc., Freedom Foods Group Ltd., The Hain Celestial Group, Inc., Living Harvest Foods Inc., SunOpta Inc, CP Kelco, Organic Valley Family of Farms and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. DAIRY ALTERNATIVES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. DAIRY ALTERNATIVES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. DAIRY ALTERNATIVES MARKET COMPETITIVE RIVALRY
TABLE 005. DAIRY ALTERNATIVES MARKET THREAT OF NEW ENTRANTS
TABLE 006. DAIRY ALTERNATIVES MARKET THREAT OF SUBSTITUTES
TABLE 007. DAIRY ALTERNATIVES MARKET BY TYPE
TABLE 008. NON-DAIRY MILK MARKET OVERVIEW (2016-2028)
TABLE 009. YOGHURT MARKET OVERVIEW (2016-2028)
TABLE 010. ICE-CREAMS MARKET OVERVIEW (2016-2028)
TABLE 011. CHEESE MARKET OVERVIEW (2016-2028)
TABLE 012. CREAMERS MARKET OVERVIEW (2016-2028)
TABLE 013. AND OTHERS MARKET OVERVIEW (2016-2028)
TABLE 014. DAIRY ALTERNATIVES MARKET BY APPLICATION
TABLE 015. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
TABLE 016. DAIRY-FREE PROBIOTICS DRINKS MARKET OVERVIEW (2016-2028)
TABLE 017. AND OTHERS MARKET OVERVIEW (2016-2028)
TABLE 018. DAIRY ALTERNATIVES MARKET BY SOURCE
TABLE 019. COCONUT MARKET OVERVIEW (2016-2028)
TABLE 020. SOY MARKET OVERVIEW (2016-2028)
TABLE 021. ALMOND MARKET OVERVIEW (2016-2028)
TABLE 022. HEMP SEEDS MARKET OVERVIEW (2016-2028)
TABLE 023. RICE MARKET OVERVIEW (2016-2028)
TABLE 024. OATS MARKET OVERVIEW (2016-2028)
TABLE 025. SUNFLOWER MARKET OVERVIEW (2016-2028)
TABLE 026. WHEAT MARKET OVERVIEW (2016-2028)
TABLE 027. BARLEY MARKET OVERVIEW (2016-2028)
TABLE 028. DAIRY ALTERNATIVES MARKET BY DISTRIBUTION CHANNEL
TABLE 029. SPECIALITY STORES MARKET OVERVIEW (2016-2028)
TABLE 030. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 031. HEALTH FOOD STORES MARKET OVERVIEW (2016-2028)
TABLE 032. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
TABLE 033. RETAILS MARKET OVERVIEW (2016-2028)
TABLE 034. NORTH AMERICA DAIRY ALTERNATIVES MARKET, BY TYPE (2016-2028)
TABLE 035. NORTH AMERICA DAIRY ALTERNATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 036. NORTH AMERICA DAIRY ALTERNATIVES MARKET, BY SOURCE (2016-2028)
TABLE 037. NORTH AMERICA DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 038. N DAIRY ALTERNATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 039. EUROPE DAIRY ALTERNATIVES MARKET, BY TYPE (2016-2028)
TABLE 040. EUROPE DAIRY ALTERNATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 041. EUROPE DAIRY ALTERNATIVES MARKET, BY SOURCE (2016-2028)
TABLE 042. EUROPE DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 043. DAIRY ALTERNATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 044. ASIA PACIFIC DAIRY ALTERNATIVES MARKET, BY TYPE (2016-2028)
TABLE 045. ASIA PACIFIC DAIRY ALTERNATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 046. ASIA PACIFIC DAIRY ALTERNATIVES MARKET, BY SOURCE (2016-2028)
TABLE 047. ASIA PACIFIC DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 048. DAIRY ALTERNATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 049. MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET, BY TYPE (2016-2028)
TABLE 050. MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 051. MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET, BY SOURCE (2016-2028)
TABLE 052. MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 053. DAIRY ALTERNATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 054. SOUTH AMERICA DAIRY ALTERNATIVES MARKET, BY TYPE (2016-2028)
TABLE 055. SOUTH AMERICA DAIRY ALTERNATIVES MARKET, BY APPLICATION (2016-2028)
TABLE 056. SOUTH AMERICA DAIRY ALTERNATIVES MARKET, BY SOURCE (2016-2028)
TABLE 057. SOUTH AMERICA DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 058. DAIRY ALTERNATIVES MARKET, BY COUNTRY (2016-2028)
TABLE 059. EARTH'S OWN FOOD COMPANY INC. (CANADA): SNAPSHOT
TABLE 060. EARTH'S OWN FOOD COMPANY INC. (CANADA): BUSINESS PERFORMANCE
TABLE 061. EARTH'S OWN FOOD COMPANY INC. (CANADA): PRODUCT PORTFOLIO
TABLE 062. EARTH'S OWN FOOD COMPANY INC. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. FREEDOM FOODS GROUP LTD. (AUSTRALIA): SNAPSHOT
TABLE 063. FREEDOM FOODS GROUP LTD. (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 064. FREEDOM FOODS GROUP LTD. (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 065. FREEDOM FOODS GROUP LTD. (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. THE HAIN CELESTIAL GROUP: SNAPSHOT
TABLE 066. THE HAIN CELESTIAL GROUP: BUSINESS PERFORMANCE
TABLE 067. THE HAIN CELESTIAL GROUP: PRODUCT PORTFOLIO
TABLE 068. THE HAIN CELESTIAL GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. INC. (THE US): SNAPSHOT
TABLE 069. INC. (THE US): BUSINESS PERFORMANCE
TABLE 070. INC. (THE US): PRODUCT PORTFOLIO
TABLE 071. INC. (THE US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. LIVING HARVEST FOODS INC. (US): SNAPSHOT
TABLE 072. LIVING HARVEST FOODS INC. (US): BUSINESS PERFORMANCE
TABLE 073. LIVING HARVEST FOODS INC. (US): PRODUCT PORTFOLIO
TABLE 074. LIVING HARVEST FOODS INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. SUNOPTA INC. (CANADA): SNAPSHOT
TABLE 075. SUNOPTA INC. (CANADA): BUSINESS PERFORMANCE
TABLE 076. SUNOPTA INC. (CANADA): PRODUCT PORTFOLIO
TABLE 077. SUNOPTA INC. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. CP KELCO (GEORGIA): SNAPSHOT
TABLE 078. CP KELCO (GEORGIA): BUSINESS PERFORMANCE
TABLE 079. CP KELCO (GEORGIA): PRODUCT PORTFOLIO
TABLE 080. CP KELCO (GEORGIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. ORGANIC VALLEY FAMILY OF FARMS (US): SNAPSHOT
TABLE 081. ORGANIC VALLEY FAMILY OF FARMS (US): BUSINESS PERFORMANCE
TABLE 082. ORGANIC VALLEY FAMILY OF FARMS (US): PRODUCT PORTFOLIO
TABLE 083. ORGANIC VALLEY FAMILY OF FARMS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. DANONE (FRANCE): SNAPSHOT
TABLE 084. DANONE (FRANCE): BUSINESS PERFORMANCE
TABLE 085. DANONE (FRANCE): PRODUCT PORTFOLIO
TABLE 086. DANONE (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. OATLY (SWEDEN): SNAPSHOT
TABLE 087. OATLY (SWEDEN): BUSINESS PERFORMANCE
TABLE 088. OATLY (SWEDEN): PRODUCT PORTFOLIO
TABLE 089. OATLY (SWEDEN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. VITASOY INTERNATIONAL HOLDINGS LIMITED (HONG KONG): SNAPSHOT
TABLE 090. VITASOY INTERNATIONAL HOLDINGS LIMITED (HONG KONG): BUSINESS PERFORMANCE
TABLE 091. VITASOY INTERNATIONAL HOLDINGS LIMITED (HONG KONG): PRODUCT PORTFOLIO
TABLE 092. VITASOY INTERNATIONAL HOLDINGS LIMITED (HONG KONG): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. DAIYA FOODS INC. (CANADA): SNAPSHOT
TABLE 093. DAIYA FOODS INC. (CANADA): BUSINESS PERFORMANCE
TABLE 094. DAIYA FOODS INC. (CANADA): PRODUCT PORTFOLIO
TABLE 095. DAIYA FOODS INC. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. MELT ORGANIC (IDAHO): SNAPSHOT
TABLE 096. MELT ORGANIC (IDAHO): BUSINESS PERFORMANCE
TABLE 097. MELT ORGANIC (IDAHO): PRODUCT PORTFOLIO
TABLE 098. MELT ORGANIC (IDAHO): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. RIPPLE FOODS (US): SNAPSHOT
TABLE 099. RIPPLE FOODS (US): BUSINESS PERFORMANCE
TABLE 100. RIPPLE FOODS (US): PRODUCT PORTFOLIO
TABLE 101. RIPPLE FOODS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. ADM (US): SNAPSHOT
TABLE 102. ADM (US): BUSINESS PERFORMANCE
TABLE 103. ADM (US): PRODUCT PORTFOLIO
TABLE 104. ADM (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. THE WHITEWAVE FOODS COMPANY (US): SNAPSHOT
TABLE 105. THE WHITEWAVE FOODS COMPANY (US): BUSINESS PERFORMANCE
TABLE 106. THE WHITEWAVE FOODS COMPANY (US): PRODUCT PORTFOLIO
TABLE 107. THE WHITEWAVE FOODS COMPANY (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. EDEN FOODS: SNAPSHOT
TABLE 108. EDEN FOODS: BUSINESS PERFORMANCE
TABLE 109. EDEN FOODS: PRODUCT PORTFOLIO
TABLE 110. EDEN FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. INC. (US): SNAPSHOT
TABLE 111. INC. (US): BUSINESS PERFORMANCE
TABLE 112. INC. (US): PRODUCT PORTFOLIO
TABLE 113. INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. BLUE DIAMOND GROWERS (US): SNAPSHOT
TABLE 114. BLUE DIAMOND GROWERS (US): BUSINESS PERFORMANCE
TABLE 115. BLUE DIAMOND GROWERS (US): PRODUCT PORTFOLIO
TABLE 116. BLUE DIAMOND GROWERS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. AND OTHERS.: SNAPSHOT
TABLE 117. AND OTHERS.: BUSINESS PERFORMANCE
TABLE 118. AND OTHERS.: PRODUCT PORTFOLIO
TABLE 119. AND OTHERS.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. DAIRY ALTERNATIVES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. DAIRY ALTERNATIVES MARKET OVERVIEW BY TYPE
FIGURE 012. NON-DAIRY MILK MARKET OVERVIEW (2016-2028)
FIGURE 013. YOGHURT MARKET OVERVIEW (2016-2028)
FIGURE 014. ICE-CREAMS MARKET OVERVIEW (2016-2028)
FIGURE 015. CHEESE MARKET OVERVIEW (2016-2028)
FIGURE 016. CREAMERS MARKET OVERVIEW (2016-2028)
FIGURE 017. AND OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 018. DAIRY ALTERNATIVES MARKET OVERVIEW BY APPLICATION
FIGURE 019. FOOD AND BEVERAGES MARKET OVERVIEW (2016-2028)
FIGURE 020. DAIRY-FREE PROBIOTICS DRINKS MARKET OVERVIEW (2016-2028)
FIGURE 021. AND OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 022. DAIRY ALTERNATIVES MARKET OVERVIEW BY SOURCE
FIGURE 023. COCONUT MARKET OVERVIEW (2016-2028)
FIGURE 024. SOY MARKET OVERVIEW (2016-2028)
FIGURE 025. ALMOND MARKET OVERVIEW (2016-2028)
FIGURE 026. HEMP SEEDS MARKET OVERVIEW (2016-2028)
FIGURE 027. RICE MARKET OVERVIEW (2016-2028)
FIGURE 028. OATS MARKET OVERVIEW (2016-2028)
FIGURE 029. SUNFLOWER MARKET OVERVIEW (2016-2028)
FIGURE 030. WHEAT MARKET OVERVIEW (2016-2028)
FIGURE 031. BARLEY MARKET OVERVIEW (2016-2028)
FIGURE 032. DAIRY ALTERNATIVES MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 033. SPECIALITY STORES MARKET OVERVIEW (2016-2028)
FIGURE 034. SUPERMARKET/HYPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 035. HEALTH FOOD STORES MARKET OVERVIEW (2016-2028)
FIGURE 036. PHARMACEUTICALS MARKET OVERVIEW (2016-2028)
FIGURE 037. RETAILS MARKET OVERVIEW (2016-2028)
FIGURE 038. NORTH AMERICA DAIRY ALTERNATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 039. EUROPE DAIRY ALTERNATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 040. ASIA PACIFIC DAIRY ALTERNATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 041. MIDDLE EAST & AFRICA DAIRY ALTERNATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 042. SOUTH AMERICA DAIRY ALTERNATIVES MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Dairy Alternatives Market research report?

The forecast period in the Dairy Alternatives Market research report is 2022-2028.

Who are the key players in Dairy Alternatives Market?

Earth's Own Food Company Inc., Freedom Foods Group Ltd., The Hain Celestial Group, Inc., Living Harvest Foods Inc., SunOpta Inc, CP Kelco, Organic Valley Family of Farms, Danone, Oatly, Vitasoy International Holdings Limited, DAIYA FOODS INC., Melt Organic, Ripple Foods, ADM, The Whitewave Foods Company, Eden Foods,Inc. ,Blue Diamond Growers and Others major players.

What are the segments of the Dairy Alternatives Market?

The Dairy Alternatives Market is segmented into Type, Source, Distribution Channels, Application and Region. By Type, the market is categorized into Non-Dairy Milk, Ice-Cream, Cheese, Creamers, Others. By Source, the market is categorized into Coconut, Soy, Almond, Hemp Seeds, Rice, Other. By Distribution Channels, the market is categorized into Speciality Stores, Supermarket/Hypermarket, Health Food Stores, Pharmaceuticals, Retails. By Application, the market is categorized into Food and Beverages, Dairy-Free Probiotics Drinks, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Dairy Alternatives Market?

Dairy alternatives referred to different food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are obtained from plant-based sources, such as grains and seeds, and are ample sources of essential nutrients, such as minerals, vitamins, iron, potassium, calcium, and magnesium. They also have the least levels of fat and calories and are generally utilized by individuals suffering from lactose intolerance.

How big is the Dairy Alternatives Market?

Dairy Alternatives Market was valued at USD 23110 million in 2021 and is expected to reach USD 50930 million by the year 2028, at a CAGR of 11.95 % .