The Europe dairy alternatives market attained USD 4468.59 Million in 2024. The market is expected to grow at a CAGR of 10.30% in the forecast period of 2025-2034 to attain USD 11910.38 Million by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
10.3%
Value in USD Million
2025-2034
Europe Dairy Alternatives Market Outlook
*this image is indicative*
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Europe is a major producer of dairy alternatives and has a significant share in the global dairy alternatives market. The growing number of cases of milk allergies and lactose intolerance have made plant-based alternatives common, including soy milk, almond milk, and coconut milk. Soybeans and soya milk offer a healthy source of protein, calcium, and potassium. The rise in demand for plant-based goods has allowed the market to grow in the region in recent years. With recent releases, such as fresh soy beverages and hemp drinks etc., European manufacturers are now focused on new food innovations. The sector has been enabled to have a better presence by a well-established network of mainstream retailers. The major reasons for the expected market growth in the forecast period include food advances and significant customer demand for nutritionally balanced drinks.
Dairy alternatives refer to any food which mimics a milk-derived product. Plant-based products are most commonly made from grains, nuts and seeds, soaked and mixed into water to extract properties similar to milk. Plant-based dairy products contain proteins, sugars, vitamins, minerals, and calories, much like a cow, buffalo, sheep or goat milk. And their applications are also similar to dairy products.
The market is divided on the basis of source into:
The market is bifurcated on the basis of formulation into:
In terms of application, the market is segmented into:
Market Breakup by Country:
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The need for dairy alternatives has been fueled by a growing number of cases of lactose intolerance among individuals in Europe. Demand for dairy alternatives in Europe has been further boosted by the antioxidant properties of dairy alternatives such as almond milk, which may have a preventive effect against cancer and heart disease. During the forecast period, the increasing number of health-conscious customers, along with consumer awareness of the health benefits of dairy alternatives, is likely to fuel demand growth. Further, various advancements such as more manufacturers launching gluten-free and lactose-free ranges are expected to propel the growth of the market in the forecast period. However, such products are available only in more developed parts of the continent, such as Germany.
The report gives a detailed analysis of the following key players in the Europe dairy alternatives market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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In 2024, the Europe dairy alternatives market reached a value of nearly USD 4468.59 Million.
The market is projected to grow at a CAGR of 10.30% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 11910.38 Million by 2034.
The major market drivers include the increasing health consciousness, surging launches of gluten-free and lactose-free products, and the growing consumer awareness regarding the health benefits of dairy alternatives.
The rising demand for plant-based products, the increasing prevalence of lactose intolerance among individuals, and the antioxidant properties offered by dairy alternatives are the key trends propelling the market demand.
The major countries in the market are Germany, the United Kingdom, France, Italy, and Spain, among others.
The significant segments based on source considered in the market report are soy, almond, coconut, rice, oats, and hemp, among others.
The several segments based on formulation of the product considered in the market report are plain and flavoured.
The different applications of dairy alternative are milk, ice cream, yoghurt, cheese, and creamers, among others.
The major players in the market are Kerry Inc., Danone SA, Nestlé S.A., Doehler Group SE, and Oatly AB, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Formulation |
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| Breakup by Application |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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