1. Market Research
  2. > Agriculture
  3. > Agricultural Products Market Trends
Dairy Alternatives Market by Source, Application, Distribution Channel, Formulation and Region - Forecast to 2027

Dairy Alternatives Market by Source, Application, Distribution Channel, Formulation and Region - Forecast to 2027

  • June 2022
  • 270 pages
  • ID: 5226977
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

According to MarketsandMarkets, the dairy alternatives market is estimated to be valued at USD 27.3 billion in 2022 and is projected to reach USD 44.8 billion by 2027, recording a CAGR of 10.4%, in terms of value. Appropriate use of promotional mixes has enhanced the growth opportunities in this market. Almond milk producers have achieved significant popularity and growth as they have correctly positioned their brands in the dairy alternatives category. Rise in health awareness and lifestyle changes have stimulated growth in the dairy alternatives market. Additionally, due to continuous efforts being put in by plant-based beverage manufacturers in terms of innovative flavors, longer shelf life, and better nutritious profile, the market for dairy alternatives is projected to grow in the coming years.

By source, the almond segment is projected to account second largest market share during the forecast period.
Based on source, the almond segment is projected to grow at highest CAGR in the market during the forecast period.Almond is a nutrient-dense product and is an excellent source of vitamin E in the form of alpha-tocopherol and manganese.

Vitamin E’s functionally active component, alpha-tocopherol, is a powerful antioxidant protecting against free radical reactions. Other nutrients included in almonds include calcium, magnesium, selenium, potassium, zinc, phosphorus, and copper.
• By formulation, the plain segment is estimated to grow at a moderate CAGR

Plain dairy alternative products include milk, spreadable and non-spreadable cheese, tofu, creamer, and plain yogurt.These dairy alternatives can be useful in cases where the milk is not directly consumed.

Secondary applications of milk, such as in coffees, teas, and recipes that involve plain milk, are ideal applications for dairy alternatives.Consumers of plain & sweetened dairy alternative food & beverages include the vegan population, children, toddlers, and the lactose-intolerant population who prefer soy and almond beverages as an alternative mostly.

Dream original almond, manufactured by The Hain Celestial (US), is a plain & unsweetened product available in shelf-stable packaging for easy consumption.

By application, the ice cream segment is forecasted to account for the second-highest CAGR in the market.

The dairy-free frozen desserts market is saturated with ice cream alternatives such as frozen non-dairy dessert bars, sandwiches, fudges, and toppings.Since dairy-free desserts are plant-based, cholesterol-free, and processed to provide various options to consumers such as low in calories and fat and are fortified to enhance their nutritional properties.

Non-dairy ice cream consists of high content of lipids, vitamins, albumin, carbohydrates, and casein that provide significant health benefits such as an increase in good HDL cholesterol in the body, efficient weight management, and protection from cardiovascular diseases.

By distribution channel, the health food stores segment is anticipated to account second-largest share in the market during the review period.

Health food stores formed the second-largest distribution channel for dairy alternative products, having accounted for an overall share of 32.5% in 2021 Consumers who have a specific motive for purchasing healthy products tend to choose health food stores to make their purchases. Few consumers who are lactose intolerant or allergic to milk are more likely to choose these health stores to make their purchases, as health-based options and varieties are available.

The Asia Pacific region is projected to grow at the second highest CAGR during the forecast period
Japan, Australia, China, and India are the major countries covered for study in this report. Some key market players in this region are Sanitarium Health & Wellbeing Company (Australia), Vitasoy International Holdings Limited (Hong Kong), Freedom Foods Group Ltd. (Australia), and Pureharvest (Australia). The dairy alternatives industry in the Asia pacific region is growing, owing to the customer’s changing lifestyles. In response to increased urbanisation, diet diversification, and the liberalisation of foreign direct investment in the food industry, the dairy alternative market in this region is undergoing a dramatic transformation.
The dairy alternatives market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (Middle East and Africa).

Break-up of Primaries
• By Company Type: Tier 1 – 30%, Tier 2 – 25% and Tier 3 – 45%
• By Designation: Manager- 25%, CXOs– 40%, and Executives – 35%
• By Region: Asia Pacific – 40%, Europe - 30%, North America- 16%, and RoW- 14%

Leading players profiled in this report include the following:
• Danone North America Public Benefit Corporation (US)
• The Hain Celestial Group, Inc. (US)
• Blue Diamond Growers (US)
• SunOpta (Canada), Sanitarium (New Zealand)
• Freedom Foods Group Limited (Australia)
• Eden Foods, Inc. (US)
• Nutriops, S.L. (Spain)
• Earth’s Own Food Company Inc. (Canada)
• Triballat Noyal (France)
• Valsoia S.p.A (Italy)
• Panos Brands (US)
• Green Spot Co., Ltd. (Thailand)
• Hiland Dairy (US)
• Ripple Foods (US)
• Kite Hill (US)
• Oatly Inc. (Belgium)
• Miyoko’s Creamery (US)
• Daiya Foods Inc. (Canada)
• Vly (Germany)
• Califia Farms (US)
• PureHarvest (Australia)
• WayFare (US)
• One Good (India)

Research Coverage
This report segments the dairy alternatives market on the basis of source, formulation, application, distribution channel, brand, nutrients, and region. In terms of insights, this research report focuses on various levels of analyses—competitive landscape, pricing insights, end-use analysis, and company profiles—which together comprise and discuss the basic views on the emerging & high-growth segments of the dairy alternatives market, high-growth regions, countries, industry trends, drivers, restraints, opportunities, and challenges.

Reasons to buy this report
• To get a comprehensive overview of the dairy alternatives market
• To gain wide-ranging information about the top players in this industry, their product portfolio details, and the key strategies adopted by them
• To gain insights about the major countries/regions, in which the dairy alternatives market is flourishing

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Lecithin & Phospholipids Market by Source, Nature & Region - Global Forecast to 2027

  • $ 4950
  • March 2022
  • 311 pages

The lecithin & phospholipids market size is estimated to be valued at USD 5.5 billion in 2022 and is projected to reach USD 7.5 billion by 2027, recording a CAGR of 6.3% during the forecast period ...

  • World
  • APAC
  • Soybean
  • Infectious Disease
  • Industry analysis
  • Gross Domestic Product
  • Disposable Income

ref:plp2022

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on