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Dairy Alternatives Market

Global Dairy Alternatives Market Size, Share, Growth, Forecast: By Source: Soy, Almond, Coconut, Rice, Oats, Hemp, Others; By Formulation: Plain, Flavoured; By Application: Milk, Ice Creams, Yoghurt, Cheese, Creamers, Others; By Distribution Channel: Supermarkets/Hypermarkets, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Dairy Alternatives Market Outlook

The global dairy alternatives market size attained a value of approximately USD 22.84 billion in 2023. The market is further expected to grow at a CAGR of around 13.4%. in the forecast period of 2024-2032, reaching a value of around USD 48.6 billion by 2032.

 

Increasing propensity for a plant-based diet is linked to a variety of issues, including sustainability concerns, health awareness, ethical or religious beliefs, environmental and animal rights, and allergies, which in turn raises the demand for plant-based food products, aiding the dairy alternatives market. Manufacturers are introducing new products that have been enhanced with essential vitamins and minerals, such as calcium, vitamin D, and vitamin B12 to appeal to a growing number of health-conscious consumers. Soy milk contains isoflavones, which are believed to lower the risk of heart disease and breast cancer. Thus, it is anticipated to become more popular among older consumers and women.

 

Dairy Alternative Market

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Global Dairy Alternatives Market Share by Region

Europe is witnessing rapid growth in the global market for dairy alternatives, driven by a rising preference for dairy product alternatives 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 countries such as Spain, shoppers prefer alternatives to real dairy due to the growing perception that plant-based foods are healthier than animal-based food products.

 

Meanwhile, in North America, in countries such as the United States, consumers prefer alternatives over traditional options due to health reasons like allergies or lactose intolerance, which is bolstering the regional dairy alternatives market. While older shoppers in the United States prefer alternatives to dairy due to health concerns like calories and cholesterol, 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, followed by coconut and soy milk as popular alternatives products to traditional dairy options.

 

Properties and Applications

Dairy alternatives are substitutes for dairy products like milk and cheese that are made with plant-based alternatives to traditional dairy milk. They are often similar in taste and texture to real dairy products, although having a different composition.

 

Dairy Alternative Market By Segments

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The dairy alternatives market segmentation, based on sources is:

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

 

On the basis of formulation, the market is bifurcated into:

  • Plain 
  • Flavoured

 

Based on application, the market is divided into:

  • Milk
  • Ice Creams
  • Yogurt
  • Cheese
  • Creamers
  • Others

 

By distribution channel, the market is categorised into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Health Stores
  • Online Retailers
  • Others

 

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

 

Market Analysis

The global dairy alternatives market is being driven by the growing awareness among consumers about the availability of lactose-free dairy products in the market. Consumers are seeking out these alternatives 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 dairy alternatives market growth. The market is finding further impetus from consumers who are increasingly seeking natural and plant-based products without artificial flavours or colours.

 

The global dairy alternatives 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 alternatives 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 levels of fat and cholesterol than dairy milk products.

 

Dairy Alternative Market By Region

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The rising demand for alternatives to dairy products in regions where the supply of traditional dairy milk is insufficient to meet the local demand is also increasing the dairy alternative products market share. The market is also being driven by dairy farmers who are switching to plant-based milk production due to the slow rate of growth of the traditional dairy market and higher associated expenses. In the forecast period, the global market for dairy alternatives will likely expand owing to 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 dairy alternatives and will consequently lead to a lowering of their prices.

 

Competitive Landscape

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

 

  • Kerry Group Plc
  • Califia Farms LLC
  • The Döhler Group
  • Ripple Foods Inc.
  • Nestle S.A
  • Kite Hill
  • Elmhurst Milked Direct LLC
  • Pacific Foods of Oregon, LLC
  • SunOpta, Inc.
  • Daiya Foods Inc.
  • The Archer-Daniels-Midland Company
  • Danone S.A. (SILK)
  • The Hain Celestial Group, Inc.
  • Eden Foods, Inc
  • Earth's Own Food Company 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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • Formulation
  • Application
  • Distribution Channel
  • Region
Breakup by Source
  • Soy
  • Almond
  • Coconut
  • Rice
  • Oats
  • Hemp
  • Others
Breakup by Formulation
  • Plain 
  • Flavoured
Breakup by Application
  • Milk
  • Ice Creams
  • Yogurt
  • Cheese
  • Creamers
  • Others
Breakup by Distribution Channel
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Health Stores
  • Online Retailers
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Kerry Group Plc
  • Califia Farms LLC
  • The Döhler Group
  • Ripple Foods Inc.
  • Nestle S.A
  • Kite Hill
  • Elmhurst Milked Direct LLC
  • Pacific Foods of Oregon, LLC
  • SunOpta, Inc.
  • Daiya Foods Inc.
  • The Archer-Daniels-Midland Company
  • Danone S.A. (SILK)
  • The Hain Celestial Group, Inc.
  • Eden Foods, Inc
  • Earth's Own Food Company Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Dairy Alternatives Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Dairy Alternatives Historical Market (2018-2023) 
    8.3    Global Dairy Alternatives Market Forecast (2024-2032)
    8.4    Global Dairy Alternatives Market by Source
        8.4.1    Soy
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Almond
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Coconut
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Rice
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Oats
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Hemp
            8.4.6.1    Historical Trend (2018-2023)
            8.4.6.2    Forecast Trend (2024-2032)
        8.4.7    Others
    8.5    Global Dairy Alternatives Market by Formulation
        8.5.1    Plain 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Flavored
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Dairy Alternatives Market by Application
        8.6.1    Milk
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Ice Creams
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Yoghurt
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Cheese
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Creamers
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Dairy Alternatives Market by Distribution Channel
        8.7.1    Supermarkets/Hypermarkets
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Convenience Stores
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Health Stores
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Online Retailers
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others   
    8.8    Global Dairy Alternatives Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Dairy Alternatives Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Dairy Alternatives Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Dairy Alternatives Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Dairy Alternatives Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Dairy Alternatives Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value  Chain Analysis
16    Regional Price Analysis

    16.1    North America Dairy Alternatives Source Price Trends and Forecast 2018-2028
        16.1.1    Soy
        16.1.2    Almond
        16.1.3    Coconut
        16.1.4    Rice
        16.1.5    Oats
        16.1.6    Hemp
    16.2    Europe Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
        16.2.1    Soy
        16.2.2    Almond
        16.2.3    Coconut
        16.2.4    Rice
        16.2.5    Oats
        16.2.6    Hemp
    16.3    Asia Pacific Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
        16.3.1    Soy
        16.3.2    Almond
        16.3.3    Coconut
        16.3.4    Rice
        16.3.5    Oats
        16.3.6    Hemp
    16.4    Latin America Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
        16.4.1    Soy
        16.4.2    Almond
        16.4.3    Coconut
        16.4.4    Rice
        16.4.5    Oats
        16.4.6    Hemp
    16.5    Middle East and Africa Dairy Alternatives Source Historical Price Trends and Forecast 2018-2028
        16.5.1    Soy
        16.5.2    Almond
        16.5.3    Coconut
        16.5.4    Rice
        16.5.5    Oats
        16.5.6    Hemp
17    Trade Data Analysis
    17.1    Global Trade Analysis (2020): HS Code – 1201, 0802, 080119, 1002, 1004, 5302
    17.2    Major Exporting Countries
        17.2.1    By Value
        17.2.2    By Volume
    17.3    Major Importing Countries
        17.3.1    By Value
        17.3.2    By Volume
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Kerry Group Plc
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Califia Farms LLC
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    The Döhler Group
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Ripple Foods PBC
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Nestle S.A
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Kite Hill
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Elmhurst Milked Direct LLC
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Pacific Foods of Oregon, LLC
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    SunOpta, Inc.
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    Daiya Foods Inc.
            18.2.10.1    Company Overview
            18.2.10.2    Product Portfolio
            18.2.10.3    Demographic Reach and Achievements
            18.2.10.4    Certifications
        18.2.11    The Archer-Daniels-Midland Company
            18.2.11.1    Company Overview
            18.2.11.2    Product Portfolio
            18.2.11.3    Demographic Reach and Achievements
            18.2.11.4    Certifications
        18.2.12    Danone S.A. (SILK)
            18.2.12.1    Company Overview
            18.2.12.2    Product Portfolio
            18.2.12.3    Demographic Reach and Achievements
            18.2.12.4    Certifications
        18.2.13    The Hain Celestial Group, Inc.
            18.2.13.1    Company Overview
            18.2.13.2    Product Portfolio
            18.2.13.3    Demographic Reach and Achievements
            18.2.13.4    Certifications
        18.2.14    Eden Foods, Inc
            18.2.14.1    Company Overview
            18.2.14.2    Product Portfolio
            18.2.14.3    Demographic Reach and Achievements
            18.2.14.4    Certifications
        18.2.15    Earth's Own Food Company Inc.
            18.2.15.1    Company Overview
            18.2.15.2    Product Portfolio
            18.2.15.3    Demographic Reach and Achievements
            18.2.15.4    Certifications
        18.3.16    Others
19    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Dairy Alternatives Market: Key Industry Highlights, 2018 and 2032
2.    Global Dairy Alternatives Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Global Dairy Alternatives Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Global Dairy Alternatives Historical Market: Breakup by Formulation (USD Million), 2018-2023
5.    Global Dairy Alternatives Market Forecast: Breakup by Formulation (USD Million), 2024-2032
6.    Global Dairy Alternatives Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Dairy Alternatives Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Dairy Alternatives Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.    Global Dairy Alternatives Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.    Global Dairy Alternatives Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Dairy Alternatives Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Major Exporting Countries by Value
28.    Major Importing Countries by Value
29.    Major Exporting Countries by Volume
30.    Major Importing Countries by Volume
31.    Global Dairy Alternatives Market Structure

Key Questions Answered in the Report

The global market for dairy alternatives attained a value of USD 22.84 billion in 2023.

The market is projected to grow at a CAGR of 13.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 48.6 billion by 2032.

The major drivers of the market include growing consumer awareness regarding lactose-free dairy products, increasing demand for natural and plant-based dairy products, and rising disposable incomes.

The key dairy alternatives market trends include rising popularity of vegan diets, increasing product development, and enhanced accessibility of dairy alternatives products.

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

The various sources of dairy alternatives in the market include soy, almond, coconut, rice, oats, and hemp, among others.

The significant formulations of dairy alternatives in the market are plain and flavoured.

The different applications of dairy alternatives in the market are milk, ice creams, yoghurt, cheese, and creamers, among others.

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

The major players in the market, according to the report, are Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods Inc., Nestle S.A, Kite Hill, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, SunOpta, Inc., Daiya Foods Inc., The Archer-Daniels-Midland Company, Danone S.A. (SILK), The Hain Celestial Group, Inc., Eden Foods, Inc, and Earth's Own Food Company Inc., among others.

Analyst Review

The global dairy alternatives market attained a value of USD 22.84 billion in 2023, driven by 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 2024-2032, growing at a CAGR of 13.4%. The market is projected to reach USD 48.6 billion in 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on sources, the market is segmented into soy, almond, coconut, rice, oats, and hemp, among others. On the basis of formulation, the market is bifurcated into plain and flavoured. By application, the market is divided into milk, ice creams, yoghurt, cheese, and creamers, among others. On the basis of distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, health stores, and online retailers, among others. The major regional markets for dairy alternatives are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods Inc., Nestle S.A, Kite Hill, Elmhurst Milked Direct LLC, Pacific Foods of Oregon, LLC, SunOpta, Inc., Daiya Foods Inc., The Archer-Daniels-Midland Company, Danone S.A. (SILK), The Hain Celestial Group, Inc., Eden Foods, Inc, and Earth's Own Food Company Inc., among 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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