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Global Dairy Alternative Market: By Source: Soy, Almond, Coconut, Rice, Oats, Hemp; By Formulation: Plain, Flavoured; By Application: Milk, Ice Creams, Yoghurt, Cheese, Creamers; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Dairy Alternative Market Outlook

The global dairy alternative market attained a value of USD 18 . 5 billion in 2020 . It is expected to witness a further robust growth in the forecast period of 2021 -2026 , growing at a CAGR of 11 . 2 % . The market is projected to reach USD 35 billion in 2026 .

 

Global Dairy Alternative Market

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The dairy alternative market in Europe is witnessing the fastest growth among the regional markets. The market is being driven by a rising avoidance of milk products on the continent due to health-related reasons like the avoidance of saturated fat consumption. Animal cruelty and animal rights issues are also major reasons for the avoidance of traditional dairy products in Europe. In Spain, shoppers prefer alternatives to real dairy due to the growing perception that plant-based foods are healthier than animal-based food products.

In the US, the dairy alternative segment is expected to account for almost 40% of the dairy market by 2021. It contributed to a 22% decrease in the consumption of fluid milk in the U.S. between 2000-2016. US consumers prefer alternatives over traditional options due to health reasons like allergies or lactose intolerance. While older shoppers in the US prefer alternatives to dairy due to health concerns like calories and cholesterol, the younger consumers are looking to avoid milk products due to environmental and animal rights issues. Almond-based dairy alternatives have a higher acceptance among American shoppers over other options. In 2017, it had the largest sales value in the US, among other dairy alternatives. Almond milk was followed by coconut and soy milk as popular alternative products to traditional options.

 

Properties and Applications

Dairy alternatives are substitutes for dairy products like milk, ice cream, yoghurt, cheese, creamers, and others. They are often similar in taste and texture to real dairy products, although having a different composition. They can be derived from the following sources:

 

Global Dairy Alternative Market By Application

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  • Soy
  • Almond
  • Coconut
  • Rice
  • Oats
  • Hemp
  • Others

The report by EMR looks into regional dairy alternative markets like North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa.

 

Global Dairy Alternative Market By Region

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Market Analysis

The global dairy alternative industry is being driven by the growing awareness among the consumers about the availability of lactose-free food in the market.  Consumers are seeking out these alternative products over real milk products mainly due to concerns about health like the growing cases of lactose intolerance and allergies or sensitivity to milk products. The rising trend of vegan diets is also aiding the industry growth. The market is finding further impetus from consumers who are increasingly seeking natural and plant-based products without artificial flavours or colours.

The dairy alternative market is being driven by the younger generation with higher disposable incomes who are contributing to the rising demand for dairy alternatives, as they deem them more sustainable than other milk sources. With consumers checking the nutritional information of foods and beverages more frequently, the market for alternative dairy products will be aided by the high nutritional content of the items. They are rich in nutrients like omega-3, calcium, protein, and vitamin D while containing lower fat and cholesterol than real milk products.

The rising demand for alternatives to milk products in regions where the supply of cow’s milk is insufficient to meet the local demand is also aiding the industry growth. The market is also being driven by dairy farmers who are switching to plant-based milk production due to the slower rate of growth of the traditional dairy market as compared to the alternative segment. In the forecast period, the industry will also be aided by the implementation of various government policies seeking to assist the growth of the agricultural sector. These policies will lead to an increase in the availability of raw materials for plant-based alternatives, and will consequently lead to a lowering of their prices.

 

Competitive Landscape

The report analyses the following key players in the global dairy alternative market, looking into their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions:

  • Kerry Inc.
  • Califia Farms
  • Kite Hill
  • Ripple Foods Inc.
  • Nestle 
  • Elmhurst Milked Direct LLC
  • Pacific Foods of Oregon, LLC
  • Dean Foods 
  • The Döhler Group
  • SunOpta Inc.
  • The WhiteWave Foods Company
  • The Hain Celestial Plant Based Milk
  • Daiya Foods Inc
  • Others

The EMR report gives a detailed insight into the market, providing a SWOT analysis as well as an analysis of Porter’s Five Forces.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Research Methodology
3    Executive Summary

    3.1    Market Overview
    3.2    Key Demand Drivers
    3.3    Key Players
    3.4    Supply Market Changes
4    Global Dairy Alternative Market
    4.1    Global Dairy Alternative Market Analysis

        4.1.1    Figure: Global Dairy Alternative Historical Market (2016-2020) & Forecast (2021-2026)
        4.1.2    Chart: Global Dairy Alternative Market Breakup by Source
            4.1.2.1    Soy
            4.1.2.2    Almond
            4.1.2.3    Coconut
            4.1.2.4    Rice
            4.1.2.5    Oats
            4.1.2.6    Hemp
            4.1.2.7    Others
        4.1.3    Figure: Global Dairy Alternative Market Breakup by Source Historical Market (2016-2020) & Forecast (2021-2026)
            4.1.3.1    Soy
            4.1.3.2    Almond
            4.1.3.3    Coconut
            4.1.3.4    Rice
            4.1.3.5    Oats
            4.1.3.6    Hemp
            4.1.3.7    Others
        4.1.4    Chart: Global Dairy Alternative Market Breakup by Formulation
            4.1.4.1    Plain
            4.1.4.2    Flavoured
        4.1.5    Figure: Global Dairy Alternative Market Breakup by Formulation Historical Market (2016-2020) & Forecast (2021-2026)
            4.1.5.1    Plain
            4.1.5.2    Flavoured
        4.1.6    Chart: Global Dairy Alternative Market Breakup by Application
            4.1.6.1    Milk
            4.1.6.2    Ice Creams
            4.1.6.3    Yoghurt
            4.1.6.4    Cheese
            4.1.6.5    Creamers
            4.1.6.6    Others
        4.1.7    Figure: Global Dairy Alternative Market Breakup by Application Historical Market (2016-2020) & Forecast (2021-2026)
            4.1.7.1    Milk
            4.1.7.2    Ice Creams
            4.1.7.3    Yoghurt
            4.1.7.4    Cheese
            4.1.7.5    Creamers
            4.1.7.6    Others
        4.1.8    Chart: Global Dairy Alternative Market Breakup by Distribution Channel
            4.1.8.1    Supermarkets/Hypermarkets
            4.1.8.2    Convenience Stores
            4.1.8.3    Health Stores
            4.1.8.4    Online Retailers
            4.1.8.5    Others
        4.1.9    Figure: Global Dairy Alternative Market Breakup by Distribution Channel Historical Market (2016-2020) & Forecast (2021-2026)
            4.1.9.1    Supermarkets/Hypermarkets
            4.1.9.2    Convenience Stores
            4.1.9.3    Health Stores
            4.1.9.4    Online Retailers
            4.1.9.5    Others
        4.1.10    Chart: Global Dairy Alternative Market Breakup by Region
            4.1.10.1    North America
                4.1.10.1.1    United States of America
                4.1.10.1.2    Canada
            4.1.10.2    Europe
                4.1.10.2.1    Germany
                4.1.10.2.2    United Kingdom
                4.1.10.2.3    France
                4.1.10.2.4    Italy
                4.1.10.2.5    Others
            4.1.10.3    Asia Pacific
                4.1.10.3.1    China
                4.1.10.3.2    Japan
                4.1.10.3.3    India
                4.1.10.3.4    ASEAN
                4.1.10.3.5    Others
            4.1.10.4    Latin America
                4.1.10.4.1    Brazil
                4.1.10.4.2    Argentina
                4.1.10.4.3    Mexico
                4.1.10.4.4    Others
            4.1.10.5    Middle East & Africa
                4.1.10.5.1    Saudi Arabia
                4.1.10.5.2    United Arab Emirates
                4.1.10.5.3    Nigeria
                4.1.10.5.4    South Africa
                4.1.10.5.5    Others
        4.1.11    Figure: Global Dairy Alternative Market Breakup by Region Historical Market (2016-2020) & Forecast (2021-2026)
            4.1.11.1    North America
                4.1.11.1.1    United States of America
                4.1.11.1.2    Canada
            4.1.11.2    Europe
                4.1.11.2.1    Germany
                4.1.11.2.2    United Kingdom
                4.1.11.2.3    France
                4.1.11.2.4    Italy
                4.1.11.2.5    Others
            4.1.11.3    Asia Pacific
                4.1.11.3.1    China
                4.1.11.3.2    Japan
                4.1.11.3.3    India
                4.1.11.3.4    ASEAN
                4.1.11.3.5    Others
            4.1.11.4    Latin America
                4.1.11.4.1    Brazil
                4.1.11.4.2    Argentina
                4.1.11.4.3    Mexico
                4.1.11.4.4    Others
            4.1.11.5    Middle East & Africa
                4.1.11.5.1    Saudi Arabia
                4.1.11.5.2    United Arab Emirates
                4.1.11.5.3    Nigeria
                4.1.11.5.4    South Africa
                4.1.11.5.5    Others
    4.2    SWOT Analysis
        4.2.1    Overview
        4.2.2    Strengths
        4.2.3    Weaknesses
        4.2.4    Opportunities
        4.2.5    Threats
    4.3    Value Chain Analysis
    4.4    Porter’s Five Forces Analysis

        4.4.1    Overview
        4.4.2    Buyer’s Power
        4.4.3    Supplier’s power
        4.4.4    New Entrants
        4.4.5    Degree of Rivalry
        4.4.6    Substitutes
    4.5    Global Trade Analysis (2020): HS Code – 1201, 0802, 080119, 1002, 1004, 5302
        4.5.1    Major Exporting Countries by Value & Volume
        4.5.2    Major Importing Countries by Value & Volume
    4.6    Regional Price Analysis
        4.6.1    North America Dairy Alternative Source Historical Price Trends (2016-2020) & Forecast (2021-2026)
            4.6.1.1    Soy
            4.6.1.2    Almond
            4.6.1.3    Coconut
            4.6.1.4    Rice
            4.6.1.5    Oats
            4.6.1.6    Hemp
        4.6.2    Europe Dairy Alternative Source Historical Price Trends (2016-2020) & Forecast (2021-2026)
            4.6.2.1    Soy
            4.6.2.2    Almond
            4.6.2.3    Coconut
            4.6.2.4    Rice
            4.6.2.5    Oats
            4.6.2.6    Hemp
        4.6.3    Asia Pacific Dairy Alternative Source Historical Price Trends (2016-2020) & Forecast (2021-2026)
            4.6.3.1    Soy
            4.6.3.2    Almond
            4.6.3.3    Coconut
            4.6.3.4    Rice
            4.6.3.5    Oats
            4.6.3.6    Hemp
        4.6.4    Latin America Dairy Alternative Source Historical Price Trends (2016-2020) & Forecast (2021-2026)
            4.6.4.1    Soy
            4.6.4.2    Almond
            4.6.4.3    Coconut
            4.6.4.4    Rice
            4.6.4.5    Oats
            4.6.4.6    Hemp
        4.6.5    Middle East & Africa Dairy Alternative Source Historical Price Trends (2016-2020) & Forecast (2021-2026) 
            4.6.5.1    Soy
            4.6.5.2    Almond
            4.6.5.3    Coconut
            4.6.5.4    Rice
            4.6.5.5    Oats
            4.6.5.6    Hemp
5    Manufacturing Process
    5.1     Detailed Process Flow
    5.2     Operations Involved
    5.3      Mass Balance
6    Cost Analysis
    6.1    Land, Location and Site Development
    6.2    Construction
    6.3    Plant Machinery
    6.4    Cost of Raw Material
    6.5    Packaging
    6.6    Transportation
    6.7     Utilities
    6.8    Manpower
    6.9    Other Capital Investment
7    Competitive Landscape & Supplier Analysis
    7.1    Kerry Inc.
    7.2    Califia Farms
    7.3    Kite Hill
    7.4    Ripple Foods Inc.
    7.5    Nestle 
    7.6    Elmhurst Milked Direct LLC
    7.7    Pacific Foods of Oregon, LLC
    7.8    Dean Foods 
    7.9    The Döhler Group
    7.10 SunOpta Inc.
    7.11 The WhiteWave Foods Company
    7.12 The Hain Celestial Plant Based Milk
    7.13 Daiya Foods Inc
    7.14 Others
8    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global dairy alternative market attained a value of nearly USD 18.5 billion.

The market is projected to grow at a CAGR of 11.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 35 billion by 2026.

The major drivers of the industry, such as the growing consumer awareness regarding lactose-free variant or natural and plant-based products, rising disposable incomes, increasing population, and rising demand from the developing regions, are expected to aid the market growth.

The key market trend guiding the growth of the market includes the rising trend of vegan diets.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major sources of the product in the market include soy, almond, coconut, rice, oats, and hemp, among others.

The significant formulations of the product are plain and flavoured.

The major application segments of the product are milk, ice cream, yoghurt, cheese, and creamers, among others.

The leading distribution channels of dairy alternative in the market are supermarkets/hypermarkets, convenience stores, health stores, and online retailers, among others.

The major players in the industry are Kerry Inc., Califia Farms, Kite Hill, Ripple Foods Inc., Nestle, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, Dean Foods, The Döhler Group, SunOpta Inc., The WhiteWave Foods Company, The Hain Celestial Plant Based Milk, and Daiya Foods Inc, among others.

Analyst Review

The global dairy alternative market attained a value of USD 18.5 billion in 2020, driven by the growing consumer awareness for plant-based substitutes in the market. Aided by the emerging trend of vegan diets, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 11.2%. The market is projected to reach USD 35 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its sources, the market can be segmented into soy, almond, coconut, rice, oats, hemp, and others. On the basis of formulations, the industry is bifurcated into plain and flavoured. By applications, the industry is divided into milk, ice cream, yoghurt, cheese, creamers, and others. On the basis of distribution channels, the industry is divided into supermarkets/hypermarkets, convenience stores, health stores, online retailers, and others.  The major regional markets for dairy alternative are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kerry Inc., Califia Farms, Kite Hill, Ripple Foods Inc., Nestle, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, Dean Foods, The Döhler Group, SunOpta Inc., The WhiteWave Foods Company, The Hain Celestial Plant Based Milk, Daiya Foods Inc, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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