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Europe Dairy Alternatives Market

Europe Dairy Alternatives Market Size, Growth, Forecast: By Source: Soy, Almond, Coconut, Rice, Oats, Hemp, Others; By Formulation: Plain, Flavoured; By Application: Milk, Ice Cream, Yoghurt, Cheese, Creamers, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Europe Dairy Alternatives Market Outlook

The Europe dairy alternatives market attained USD 4468.59 million in 2023. The market is expected to grow at a CAGR of 10.3% in the forecast period of 2024-2032 to attain USD 10840.51 million by 2032.              

 

Europe Dairy Alternatives Market

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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.

 

Europe Dairy Alternatives Market

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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.

 

Europe Dairy Alternatives Market

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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 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
  • Region
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 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 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 (2018-2023) 
    8.3    Global Dairy Alternatives Market Forecast (2024-2032)
    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 (2018-2023) 
    9.3    Europe Dairy Alternatives Market Forecast (2024-2032)
    9.4    Europe Dairy Alternatives Market by Source
        9.4.1    Soy
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Almond
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Coconut
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4    Rice
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
        9.4.5    Oats
            9.4.5.1    Historical Trend (2018-2023)
            9.4.5.2    Forecast Trend (2024-2032)
        9.4.6    Hemp
            9.4.6.1    Historical Trend (2018-2023)
            9.4.6.2    Forecast Trend (2024-2032)
        9.4.7    Others
    9.5    Europe Dairy Alternatives Market by Formulation
        9.5.1    Plain
            9.5.1.1    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Flavoured
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    9.6    Europe Dairy Alternatives Market by Application
        9.6.1    Milk
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Ice Cream
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Yoghurt
            9.6.3.1    Historical Trend (2018-2023)
            9.6.3.2    Forecast Trend (2024-2032)
        9.6.4    Cheese
            9.6.4.1    Historical Trend (2018-2023)
            9.6.4.2    Forecast Trend (2024-2032)
        9.6.5    Creamers
            9.6.5.1    Historical Trend (2018-2023)
            9.6.5.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    United Kingdom
        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    Spain
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
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), 2018-2023
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), 2018-2023
6.    Europe Dairy Alternatives Market Forecast: Breakup by Source (USD Million), 2021-2025
7.    Europe Dairy Alternatives Historical Market: Breakup by Formulation (USD Million), 2018-2023
8.    Europe Dairy Alternatives Market Forecast: Breakup by Formulation (USD Million), 2021-2025
9.    Europe Dairy Alternatives Historical Market: Breakup by Application (USD Million), 2018-2023
10.    Europe Dairy Alternatives Market Forecast: Breakup by Application (USD Million), 2021-2025
11.    Europe Dairy Alternatives Historical Market: Breakup by Country (USD Million), 2018-2023
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 2023, the Europe dairy alternatives market reached a value of nearly USD 4468.59 million.

The market is projected to grow at a CAGR of 10.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10840.51 million by 2032.   

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.

Analyst Review

The Europe dairy alternatives market reached a value of nearly USD 4468.59 million in 2023, 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 2024-2032 to attain USD 10840.51 million by 2032.            

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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