Product Code: PM1967
The global dairy alternatives market size is expected to reach USD 79.55 billion by 2032 according to a new study by Polaris Market Research. The report "Dairy Alternatives Market Share, Size, Trends, Industry Analysis Report, By Source (Soy, Almond, Coconut, Rice, Oats, Others); By Product; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing people with lactose intolerance and a growing vegan population will mainly contribute to the alternatives industry growth. People becoming more health-conscious to avoid foods associated with obesity and heart diseases will also propel the growth of the industry. Lactose intolerance is increasingly prevalent among people globally, and around 65% of people suffer from some kind of food intolerance. Hence, these people must avoid dairy products and look for substitutes that will provide similar protein and vitamins.
Plant-based products such as almond milk and soy milk have lower calories compared to cow or buffalo milk. Hence, people prefer plant-based products to overcome obesity which is highly prevalent in the developed economies. People are also concerned about antibiotics, pesticides, and hormones present in the dairy product, an important cause for cancer, such as breast and endometrial cancer. Hence, they are avoiding milk products, which will help the products grow over the coming years.
COVID-19 pandemic is expected to positively influence the growth of the industry during the forecast period, as there is great demand for packaged items. Products such as packaged plant-based milk and beverages have more shelf life, and people are storing these products so that they don't have to go out of their residencies frequently.
Industry participants such as SunOpta Inc., Oatly, Danone, The Hain Celestial Group, Inc., DAIYA FOODS INC., Living Harvest Foods Inc., Melt Organic, Vitasoy International Holdings Limited, Earth's Own Food Company Inc., The Whitewave Foods Company, ADM, Ripple Foods, Nutriops, S.L., Blue Diamond Growers, Freedom Foods Group Ltd., Eden Foods, Inc., Organic Valley Family of Farms and CP Kelco are some of the key players operating in the global alternatives industry.
Polaris Market Research has segmented the dairy alternatives market report on the basis of source, product, distribution channel, and region:
Dairy Alternatives, Source Outlook (Revenue - USD Million, 2016 - 2028)
- Soy
- Almond
- Coconut
- Rice
- Oats
- Others
Dairy Alternatives, Product Outlook (Revenue - USD Million, 2016 - 2028)
- Milk
- Yogurt
- Cheese
- Ice cream
- Creamer
- Others
Dairy Alternatives, Distribution Channel Outlook (Revenue - USD Million, 2016 - 2028)
- Supermarkets & Hypermarkets
- Convenience Stores
- Online Retail
- Others
Dairy Alternatives, Regional Outlook (Revenue - USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Austria
- Netherlands
- Asia Pacific
- China
- Japan
- India
- Indonesia
- Malaysia
- Australia
- Latin America
- Brazil
- Argentina
- Mexico
- Middle East & Africa
- Israel
- Saudi Arabia
- South Africa
- UAE
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Dairy Alternatives Market Insights
- 4.1. Dairy Alternatives - Industry snapshot
- 4.2. Dairy Alternatives Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Changing eating patterns
- 4.2.1.2. Innovations in the dairy processing industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Low awareness among consumers
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Dairy Alternatives Market Industry trends
- 4.6. COVID-19 Impact Analysis
5. Dairy Alternatives Market Assessment by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 5.3. Soy
- 5.3.1. Global Dairy Alternatives Market, by Soy, by Region, 2016 - 2028 (USD Million)
- 5.4. Almond
- 5.4.1. Global Dairy Alternatives Market, by Almond, by Region, 2016 - 2028 (USD Million)
- 5.5. Coconut
- 5.5.1. Global Dairy Alternatives Market, by Coconut, by Region, 2016 - 2028 (USD Million)
- 5.6. Rice
- 5.6.1. Global Dairy Alternatives Market, by Rice, by Region, 2016 - 2028 (USD Million)
- 5.7. Oats
- 5.7.1. Global Dairy Alternatives Market, by Oats, by Region, 2016 - 2028 (USD Million)
- 5.8. Others
- 5.8.1. Global Dairy Alternatives Market, by Others, by Region, 2016 - 2028 (USD Million)
6. Global Dairy Alternatives Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 6.3. Milk
- 6.3.1. Global Dairy Alternatives Market, by Milk, By Region, 2016 - 2028 (USD Million)
- 6.4. Yogurt
- 6.4.1. Global Dairy Alternatives Market, by Yogurt, by Region, 2016 - 2028 (USD Million)
- 6.5. Ice Cream
- 6.5.1. Global Dairy Alternatives Market, by Ice Cream, by Region, 2016 - 2028 (USD Million)
- 6.6. Cheese
- 6.6.1. Global Dairy Alternatives Market, by Cheese, by Region, 2016 - 2028 (USD Million)
- 6.7. Creamer
- 6.7.1. Global Dairy Alternatives Market, by Creamer, by Region, 2016 - 2028 (USD Million)
- 6.8. Others
- 6.8.1. Global Dairy Alternatives Market, by Others, by Region, 2016 - 2028 (USD Million)
7. Dairy Alternatives Market Assessment by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 7.3. Supermarkets & Hypermarkets
- 7.3.1. Global Dairy Alternatives Market, by Supermarkets & Hypermarkets, by Region, 2016 - 2028 (USD Million)
- 7.4. Convenience Stores
- 7.4.1. Global Dairy Alternatives Market, by Convenience Stores, by Region, 2016 - 2028 (USD Million)
- 7.5. Online Retail
- 7.5.1. Global Dairy Alternatives Market, by Online Retail, by Region, 2016 - 2028 (USD Million)
- 7.6. Others
- 7.6.1. Global Dairy Alternatives Market, by Others, by Region, 2016 - 2028 (USD Million)
8. Dairy Alternatives Market Assessment by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Dairy Alternatives Market Assessment, By Geography, 2016 - 2028 (USD Million)
- 8.3. Dairy Alternatives Market - North America
- 8.3.1. North America: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.3.2. North America: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.3.3. North America: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.3.4. Dairy Alternatives Market - U.S.
- 8.3.4.1. U.S.: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.3.4.2. U.S.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.3.4.3. U.S.: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.3.5. Dairy Alternatives Market - Canada
- 8.3.5.1. Canada: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.3.5.2. Canada.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.3.5.3. Canada: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4. Dairy Alternatives Market - Europe
- 8.4.1. Europe: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.2. Europe.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.3. Europe: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.4. Dairy Alternatives Market - UK
- 8.4.4.1. UK: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.4.2. UK.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.4.3. UK: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.5. Dairy Alternatives Market - France
- 8.4.5.1. France: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.5.2. France.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.5.3. France: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.6. Dairy Alternatives Market - Germany
- 8.4.6.1. Germany: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.6.2. Germany.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.6.3. Germany: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.7. Dairy Alternatives Market - Italy
- 8.4.7.1. Italy: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.7.2. Italy.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.7.3. Italy: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.8. Dairy Alternatives Market - Spain
- 8.4.8.1. Spain: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.8.2. Spain.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.8.3. Spain: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.9. Dairy Alternatives Market - Netherlands
- 8.4.9.1. Netherlands: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.9.2. Netherlands.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.9.3. Netherlands: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.4.10. Dairy Alternatives Market - Austria
- 8.4.10.1. Austria: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.4.10.2. Austria.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.4.10.3. Austria: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5. Dairy Alternatives Market - Asia-Pacific
- 8.5.1. Asia Pacific: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.2. Asia Pacific.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.3. Asia Pacific: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.4. Dairy Alternatives Market - China
- 8.5.4.1. China: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.4.2. China.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.4.3. China: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.5. Dairy Alternatives Market - India
- 8.5.5.1. India: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.5.2. India.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.5.3. India: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.6. Dairy Alternatives Market - Malaysia
- 8.5.6.1. Malaysia: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.6.2. Malaysia.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.6.3. Malaysia: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.7. Dairy Alternatives Market - Japan
- 8.5.7.1. Japan: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.7.2. Japan.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.7.3. Japan: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.8. Dairy Alternatives Market - Indonesia
- 8.5.8.1. Indonesia: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.8.2. Indonesia.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.8.3. Indonesia: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.5.9. Dairy Alternatives Market - Australia
- 8.5.9.1. Australia: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.5.9.2. Australia.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.5.9.3. Australia: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.6. Dairy Alternatives Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.6.2. Middle East & Africa.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.6.3. Middle East & Africa: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.6.4. Dairy Alternatives Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.6.4.2. Saudi Arabia.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.6.4.3. Saudi Arabia: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.6.5. Dairy Alternatives Market - UAE
- 8.6.5.1. UAE: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.6.5.2. UAE.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.6.5.3. UAE: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.6.6. Dairy Alternatives Market - Israel
- 8.6.6.1. Israel: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.6.6.2. Israel.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.6.6.3. Israel: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.6.7. Dairy Alternatives Market - South Africa
- 8.6.7.1. South Africa: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.6.7.2. South Africa.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.6.7.3. South Africa: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.7. Dairy Alternatives Market - Latin America
- 8.7.1. Latin America: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.7.2. Latin America.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.7.3. Latin America: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.7.4. Dairy Alternatives Market - Mexico
- 8.7.4.1. Mexico: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.7.4.2. Mexico.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.7.4.3. Mexico: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.7.5. Dairy Alternatives Market - Brazil
- 8.7.5.1. Brazil: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.7.5.2. Brazil.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.7.5.3. Brazil: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
- 8.7.6. Dairy Alternatives Market - Argentina
- 8.7.6.1. Argentina: Dairy Alternatives Market, By Source, 2016 - 2028 (USD Million)
- 8.7.6.2. Argentina.: Dairy Alternatives Market, By Product, 2016 - 2028 (USD Million)
- 8.7.6.3. Argentina: Dairy Alternatives Market, By Distribution Channel, 2016 - 2028 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. SunOpta Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Vitasoy International Holdings
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. The Hain Celestial
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Blue Diamond Growers
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Sanitarium Health and Wellbeing Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Danone
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Freedom Foods Group
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Earth's Own Food Company
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Triballat Noyal
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Valsoia S.p.A
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Panos Brands
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Melt Organic
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Oatly
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Living Harvest Foods
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Ripple Foods
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Kite Hill
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Califia Farms
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Hudson River Foods Inc.
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. Daiya Foods Inc.
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development
- 10.20. Pureharvest
- 10.20.1. Company Overview
- 10.20.2. Financial Performance
- 10.20.3. Product Benchmarking
- 10.20.4. Recent Development
- 10.21. Yoconut Dairy Free
- 10.21.1. Company Overview
- 10.21.2. Financial Performance
- 10.21.3. Product Benchmarking
- 10.21.4. Recent Development
- 10.22. Yumbutter (US).
- 10.22.1. Company Overview
- 10.22.2. Financial Performance
- 10.22.3. Product Benchmarking
- 10.22.4. Recent Development
- 10.23. DAIYA FOODS INC.
- 10.23.1. Company Overview
- 10.23.2. Financial Performance
- 10.23.3. Product Benchmarking
- 10.23.4. Recent Development
- 10.24. The Whitewave Foods Company
- 10.24.1. Company Overview
- 10.24.2. Financial Performance
- 10.24.3. Product Benchmarking
- 10.24.4. Recent Development