Reports
Europe Dairy Alternatives Market: By Source: Soy, Almond, Coconut, Rice, Oats, Hemp, Others; By Formulation: Plain, Flavoured; By Application: Milk, Ice Cream, Yoghurt, Cheese, Creamers, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Europe Dairy Alternatives Market Outlook
The Europe dairy alternatives market attained USD 4051.31 million in 2022. The market is expected to grow at a CAGR of 10.3% in the forecast period of 2023-2028 to attain USD 7323.99 million by 2028.
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Growing Health Consciousness to Aid the Market Growth of Dairy Alternatives in Europe
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: Market Segmentation
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.
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The market is divided on the basis of source into:
- Soy
- Almond
- Coconut
- Rice
- Oats
- Hemp
- Others
The market is bifurcated on the basis of formulation into:
- Plain
- Flavoured
In terms of application, the market is segmented into:
- Milk
- Ice Cream
- Yoghurt
- Cheese
- Creamers
- Others
The EMR report looks into the regional markets of dairy alternatives in Europe like Germany, United Kingdom, France, Italy, and Spain.
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Changing Dietary Patterns among Consumers to Aid the Market Growth of Dairy Alternatives
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.
Key Players in the Europe Dairy Alternatives Market
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:
- Kerry Inc.
- Danone SA
- Nestlé S.A.
- Doehler Group SE
- Oatly AB
- Others
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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Formulation, Application, Country |
| Breakup by Source | Soy, Almond, Coconut, Rice, Oats, Hemp, Others |
| Breakup by Formulation | Plain, Flavoured |
| Breakup by Application | Milk, Ice Cream, Yoghurt, Cheese, Creamers, Others |
| Breakup by Country | Germany, United Kingdom, France, Italy, Spain, Others |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kerry Inc., Danone SA, Nestlé S.A., Doehler Group SE, Oatly AB, Others |
| 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. |
*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 Europe
7 Opportunities and Challenges in the Market
8 Global Dairy Alternatives Market Overview
8.1 Key Industry Highlights
8.2 Global Dairy Alternatives Historical Market (2018-2022)
8.3 Global Dairy Alternatives Market Forecast (2023-2028)
8.4 Global Dairy Alternatives Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Dairy Alternatives Market Analysis
9.1 Key Industry Highlights
9.2 Europe Dairy Alternatives Historical Market (2018-2022)
9.3 Europe Dairy Alternatives Market Forecast (2023-2028)
9.4 Europe Dairy Alternatives Market by Source
9.4.1 Soy
9.4.1.1 Historical Trend (2018-2022)
9.4.1.2 Forecast Trend (2023-2028)
9.4.2 Almond
9.4.2.1 Historical Trend (2018-2022)
9.4.2.2 Forecast Trend (2023-2028)
9.4.3 Coconut
9.4.3.1 Historical Trend (2018-2022)
9.4.3.2 Forecast Trend (2023-2028)
9.4.4 Rice
9.4.4.1 Historical Trend (2018-2022)
9.4.4.2 Forecast Trend (2023-2028)
9.4.5 Oats
9.4.5.1 Historical Trend (2018-2022)
9.4.5.2 Forecast Trend (2023-2028)
9.4.6 Hemp
9.4.6.1 Historical Trend (2018-2022)
9.4.6.2 Forecast Trend (2023-2028)
9.4.7 Others
9.5 Europe Dairy Alternatives Market by Formulation
9.5.1 Plain
9.5.1.1 Historical Trend (2018-2022)
9.5.1.2 Forecast Trend (2023-2028)
9.5.2 Flavoured
9.5.2.1 Historical Trend (2018-2022)
9.5.2.2 Forecast Trend (2023-2028)
9.6 Europe Dairy Alternatives Market by Application
9.6.1 Milk
9.6.1.1 Historical Trend (2018-2022)
9.6.1.2 Forecast Trend (2023-2028)
9.6.2 Ice Cream
9.6.2.1 Historical Trend (2018-2022)
9.6.2.2 Forecast Trend (2023-2028)
9.6.3 Yoghurt
9.6.3.1 Historical Trend (2018-2022)
9.6.3.2 Forecast Trend (2023-2028)
9.6.4 Cheese
9.6.4.1 Historical Trend (2018-2022)
9.6.4.2 Forecast Trend (2023-2028)
9.6.5 Creamers
9.6.5.1 Historical Trend (2018-2022)
9.6.5.2 Forecast Trend (2023-2028)
9.6.6 Others
9.7 Europe Dairy Alternatives Market by Country
9.7.1 Germany
9.7.2 United Kingdom
9.7.3 France
9.7.4 Italy
9.7.5 Spain
9.7.6 Others
10 Regional Analysis
10.1 Germany
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 United Kingdom
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Spain
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Kerry Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Danone SA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Nestlé S.A.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Doehler Group SE
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Oatly AB
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Dairy Alternatives Market: Key Industry Highlights, 2016 and 2025
2. Global Dairy Alternatives Historical Market: Breakup by Region (USD Million), 2018-2022
3. Global Dairy Alternatives Market Forecast: Breakup by Region (USD Million), 2021-2025
4. Europe Dairy Alternatives Market: Key Industry Highlights, 2016 and 2025
5. Europe Dairy Alternatives Historical Market: Breakup by Source (USD Million), 2018-2022
6. Europe Dairy Alternatives Market Forecast: Breakup by Source (USD Million), 2021-2025
7. Europe Dairy Alternatives Historical Market: Breakup by Formulation (USD Million), 2018-2022
8. Europe Dairy Alternatives Market Forecast: Breakup by Formulation (USD Million), 2021-2025
9. Europe Dairy Alternatives Historical Market: Breakup by Application (USD Million), 2018-2022
10. Europe Dairy Alternatives Market Forecast: Breakup by Application (USD Million), 2021-2025
11. Europe Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2022
12. Europe Dairy Alternatives Market Forecast: Breakup by Country (USD Million), 2021-2025
13. Europe Dairy Alternatives Market Structure
Key Questions Answered in the Report
In 2022, the Europe dairy alternatives market reached a value of nearly USD 4051.31 million.
The market is projected to grow at a CAGR of 10.3% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 7323.99 million by 2028.
The major drivers of the market include the increasing number of health-conscious customers, consumer awareness of the health benefits of dairy alternatives, launch of gluten-free and lactose-free ranges, rise in demand for plant-based goods, new food innovations, and the presence by a well-established network of mainstream retailers.
The growing number of cases of lactose intolerance among individuals and the antioxidant properties of dairy alternatives such as almond milk are the key trends propelling the market growth.
The major regions in the market are Germany, United Kingdom, France, Italy, and Spain, among others.
The market is divided on the basis of source into soy, almond, coconut, rice, oats, and hemp, among others.
The market is bifurcated on the basis of formulation into plain and flavoured.
The major applications of the market 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.
Analyst Review
The Europe dairy alternatives market reached a value of nearly USD 4051.31 million in 2022, driven by the growing number of cases of lactose intolerance among individuals. Aided by the increasing number of health-conscious customers and consumer awareness of the health benefits of dairy alternatives, the market is expected to grow at a CAGR of 10.3% in the forecast period of 2023-2028 to attain USD 7323.99 million by 2028.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market is divided on the basis of source into soy, almond, coconut, rice, oats, and hemp, among others. The market is bifurcated on the basis of formulation into plain and flavoured. The major applications of the market are milk, ice cream, yoghurt, cheese, and creamers, among others. The major regions in the market are Germany, United Kingdom, France, Italy, and Spain, among others. The major players in the market are Kerry Inc., Danone SA, Nestlé S.A., Doehler Group SE, and Oatly AB, 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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