Top 5 Companies Transforming the Dynamics of the Europe Dairy Alternatives Market, Fuelled by the Rising Vegan Population

Kerry Inc, Danone SA, Nestlé SA, Doehler Group SE, and Oatly AB, among others, are the key players in the Europe dairy alternatives market.

The Europe dairy alternatives market is expected to grow at a CAGR of about 10.7% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by increasing health-consciousness and changing dietary patterns.

Europe has one of the largest vegan populations in the world, which is significantly contributing to the demand for dairy alternatives in the region. With the increasing incidences of dairy allergies and lactose intolerance and milk allergies, the demand for plant-based dairy alternatives made of almond, coconut, and soy, among others, is increasing.

The emerging trend of sustainability is also fuelling consumers’ inclination towards plant-based products, hence driving the demand for dairy alternatives products in Europe. In addition, the rising awareness regarding the health benefits of dairy alternatives products such as antioxidant benefits is likely to support the market growth.

In December 2021, Oatly Group announced a collaboration with Deutsche Bahn (DB), through which its Oatly Barista Edition was to be available in the onboard catering of Intercity and ICE trains in Germany. Through the collaboration, Oatly became the first company to offer plant-based milk alternatives for consumers in trains for the first time.

The Oatly Barista Edition was made to be available with Fairtrade certified Caffè Crema and provide consumers with the opportunity to try plant-based milk alternatives. Through the initiative, the companies also intended to boost the consumption of plant-based milk and drive the shift towards a plant-based and sustainable food system.

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Top 5 Dairy Alternatives Companies in Europe:

Kerry Inc.

Kerry Inc is a leading nutrition and taste company that offers innovative solutions to the pharmaceuticals and food and beverage sectors. With its products reaching more than 1 billion consumers, the company has an extensive product portfolio of more than 18,000, products with 152 manufacturing locations across 36 countries, and a workforce of over 22,000 people.

Danone SA

Danone SA is a company engaged in plant-based products, medical nutrition, essential dairy, water, and early-life nutrition businesses. The company aims to improve the lives of people through its health and nutrition products. The company’s leading markets are the United States, China, and France. It has an employee base of about 100,000 and its products are marketed and sold in more than 120 countries across the world.

Nestlé SA

Nestle SA is one of the leading food and beverage companies around the world. It has a wide presence in 186 countries and aims to improve the quality of life of people through its products. With an employee base of 276,000 in 79 countries across the globe, the company’s sales reached CHF 87.1 billion in 2021. In August 2022, the company announced the launch of KitKat V, the vegan version of KitKat chocolate, in Europe.

Doehler Group SE

Doehler Group is a leading provider of technologically advanced and natural solutions and services for the nutrition and food and beverage sectors. Its products are derived from natural materials, and it aims to leverage the power of science to transform health and nutrition. With over 8,500 employees, 75 offices, and 45 production sites, the company has a wide presence in above 160 countries.

Oatly AB

Oatly AB is one of the largest oat milk companies across the globe that exclusively focuses on oats. The company has planned to add 9 more production facilities by 2024. It has an extensive presence in over 20 countries and aims to advance sustainability and human healthy by utilising oats.