Global Dairy Alternatives Market Size, by Source (Soy, Almond, Coconut, Rice, Oats, Hemp), Application (Milk, Cheese, Yogurt, Ice Creams, Creamers), Distribution Channel (Supermarkets, Health Stores, Pharmacies), By Formulation (Plain, Flavored), By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa), Trend Analysis, Competitive Market Share & Forecast, 2016-2026

Published:
February 2021
Report Code:
bwc20163
Available Format:
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Pages:
178

global dairy alternatives market bwc20163

Global Dairy Alternatives Market Size - Industry Trends & Outlook Report 2026

Moving consumer emphasis to the nutrition level, flavor, and suitability while buying food products will impact business development. Besides, the continuous growth of multiple products due to heavy R&D investments by foremost players will additionally supplement the industry development over the predictable timeline. Rising the occurrence of cardiovascular diseases, fatness, diabetes, and digestive diseases along with growing consumer expenditure on healthy food products will prompt the need for essential lactose, calories, nutrition, and sugar-free food products.

 

Moreover, growing customer insight towards calorie-conscious persons coupled with the welfares delivered by these products such as control of blood sugar & cholesterol levels, bone health, and bowel health will additionally fuel the dairy substitutes market demand.

Extensive R&D savings made by leading market players owing to intense competition in the industry will provide a stable business outlook. New skills and approaches for the improvement of dairy-free products such as elimination of flavor & inhibitors, improved shelf life, and protection of food items will provide the industry development.

 

Global Dairy Alternatives Market: Market Outlook and Trends

 

Dairy substitutes offer better nourishing welfares in contrast to conservative dairy products such as butter, milk, and cheese, pushing more customers to change to dairy substitutes. Contrary to popular belief, augmented ingesting of milk does not recover bone density in adulthood, as per a study available in the Food and Nutrition Research Journal. Dairy alternatives contain fewer calories than low-fat milk. Moreover, calcium and potassium content in these dairy alternatives is more than that of milk, which is the main reason for the consumption of dairy products. Dairy substitute manufacturers to boost sales have incorporated these research findings into marketing plans.

 

Global Dairy Alternatives Market

 

Growth Drivers 

 

 Shift in the cooking preferences

A shift in food preferences is observed, and customers are eager to try out new products that taste good and are highly nutritious. Millennials are mainly accountable for this trend as they are eager to trial with advanced dishes and are willing to pay the best prices. Consumers have shown an increasing fondness for vegan diet owing to growing concern over animal rights and environmental defense. This is expected to effort the industry over the prediction period. 

 

Demand for Low-calorie Products on Constant Rise

 

Dairy substitutes offer healthier nutritional welfares in contrast to conservative dairy products such as butter, milk, and cheese, forceful more customers to move to dairy substitutes. Contrary to popular belief, augmented ingesting of milk does not recover bone thickness in adulthood, as per a study available in the Food and Nutrition Research Journal. Dairy replacements contain fewer calories than low-fat dairy. Additionally, calcium and potassium gratified in these dairy alternatives are more than that of milk, which is the leading cause of the ingesting of dairy products. Dairy substitute manufacturers to increase sales have incorporated these research answers into marketing plans.

 

Impact of COVID-19 in industry

 

The whole globe is fighting with the novel coronavirus. The establishments of several countries have started lockdown to prevent the spread of this deadly virus. Such plans have caused disturbances in the manufacturing and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normalcy. Our well-revised reports will help companies take in-depth information about every market's present circumstances so that you can accept the necessary plans accordingly.

 

Dairy Alternatives Market: Segmentation

 

Based on the application, the industry can be segmented into food and beverages. The drinks section held around 58.0% of the worldwide market in terms of income in 2017. Rising customer fondness for vegan diet due to worries about ethical animal rights and environment guard is likely to drive section development. 

 

Dairy alternatives-based beverages are extensively dispersed through convenience stores, health food stores, supermarkets, pharmacies, and e-retailers. These drinks are available in various formulations such as unsweetened, plain, flavored, fortified, and sweetened. Growing consumer mindfulness and rising health worries are expected to fuel the market over the prediction period.

 

Based on formulation, the dairy substitutes market can be segmented into primary and flavored. Every day preparation was the leading section in the past few years in terms of both volume and revenue. Growing demand for plain variants of dairy alternatives such as soymilk, almond milk, rice milk, and others is expected to donate to section development.

 

In terms of geography, Dairy Substitutes Market has been divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. By region, Asia-Pacific was the most prominent regional market in 2018. This can be credited to an increase in the tendency of veganism and an increase in consumers’ mindfulness about health and fitness in the region.

 

Dairy Alternatives Market: Regional Insights 

 

In terms of region, Asia Pacific recorded the largest share in 2017. Expanding population and increasing disposable incomes in developing countries such as India and China are predictable to augment product requests in the region. Soy, rice, and almond milk are importantly consumed as old-style beverages in the Asia Pacific. The local market is considered by demand for lactose-free milk for children, lactating mothers, and pregnant women. These dairy replacements offer a wide range of use in lactose-free products for adults, thereby refining market forecasts in the Asia Pacific. North America is the additional largest market for dairy alternatives. It is expected to account for a significant share over the prediction period because of the growing demand for novel plant-derived goods. Rising cases of lactose intolerance in the area are predictable to supplement requests for non-dairy products such as soymilk and almond milk.

 

Competitive Landscape

 

The leading players in the Dairy Alternative Market include Tate & Lyle, SunOpta Inc., CP Kelco Inc., Archer Daniels Midland Company, The Coca-Cola Company, PepsiCo Inc., Döhler GmbH, WhiteWave Foods, The Hain Celestial Group Inc., and Pacific Foods of Oregon, Inc.

 

Recent Developments

·    New Delhi, September 1st, 2020: PepsiCo India today announced a special initiative with Airtel involving its most loved snack brands, and in the process also offering a special digital experience for all Airtel Prepaid customers.

·      June 28,2020 for every order placed via the Uber Eats app from a participating restaurant, Feeding America will receive a donation to provide one meal to someone in need, with the goal of providing up to 5 million meals.

 

Scope of Report


Attribute

Details

Years Considered

Historical data – 2016-2018

Base Year – 2019

Forecast – 2020 – 2026

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia .

Product/Service Segmentation

By Source, By Application, By Distribution Channels, By Formulation, By Region

Key Players

The leading players considered for market analysis are Tate & Lyle, SunOpta Inc., CP Kelco Inc., Archer Daniels Midland Company, The Coca-Cola Company, PepsiCo Inc., Döhler GmbH, WhiteWave Foods, The Hain Celestial Group Inc., and Pacific Foods of Oregon, Inc. many others.

 

·         By Source

ü  Soy

ü  Almond

ü  Coconut

ü  Rice

ü  Oats

ü  Hemp

·         By Application

ü  Milk

ü  Cheese

ü  Yogurt

ü  Ice Creams

ü  Creamers

·         By Distribution Channels

ü  Supermarkets

ü  Health Stores

ü  Pharmacies

·         By Formulation

ü  Plain

ü  Flavored

·         By Region

ü  North America

ü  Europe

ü  Asia Pacific

ü  South America

ü  Middle East & Africa

 

The objective of the Study:

• To analyze and forecast the Dairy Alternatives Market size of the market in terms of value.

• To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

• The Dairy Alternatives Market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

• To outline, categorized, and forecast the Dairy Alternatives Market based on the by Source, by Application, by Distribution Channels, by Formulation, by Regional.

• To examine competitive developments, like by Source, by Application, by Distribution Channels, by Formulation, by Regional within the Dairy Alternatives Market.

• To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.

• To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

 

Business Questions Answer by the Report

• How will the market drivers, restraints, and opportunities affect the market dynamics?

• What will be the market size in terms of value and volume and market statistics with a detailed classification?

• Which segment dominates the market or region, and one will be the fastest - growing, and why?

• A comprehensive survey of the competitive landscape and the market participant players

• Analysis of strategy adopted by the key player and their impact on other players.


Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

•    With five additional company detail analysis

•    Additional country analysis

•    Detailed segment analysis

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

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