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Dairy Alternatives Market by Source (Coconut, Rice, Soy, Almond, and Others), by Application (Ice Creams, Creamers, Milk, Cheese, and Yogurt), and by Region – Global Trends and Forecast Analysis, 2018-2025

Publish Date: January 2020 | Format :PDF/Excel | Category: Food & Beverages | Pages :115

Dairy alternatives are also known as plant-based milk, which are used as substitute for dairy products and are chemical free products.These products are free from lactose, have milk like texture and are rich in nutritional value.

Market insights and dynamics

The global dairy alternatives market is projected to reach USD 35 Billion by 2025 at a CAGR of around 13% during the forecasted period. The majority of people who perceive vegan diet to be healthy prefer to have dairy alternatives food in their diet. Dairy alternatives offer additional benefits such as nutritional value, reduction in cholesterol level, controls diabetes and improvement in cardiovascular health which are further helping the market grow at a faster pace. Another major driving factor is the milk allergy and increase in the lactose intolerance. Change in the consumer’s lifestyle causing obesity and gastrointestinal problems are reasons for inclination towards healthy food which inturn helped the market to grow. Products of dairy alternative market are also prepared from coconut, oat, and others, which are expected to grow actively during the forecasted period. Increase in population in the developing economies and increase in the disposable income of the consumers is creating potential opportunity for the market to grow in the upcoming years. Creating awareness and innovating new marketing techniques would provide potential opportunities for the key players. In order to expand the current market, the existing players need to increase investment in launching new products, should expand their geographical presence and focus on acquisition of smaller players so as to enter new markets. For example, WhiteWave foods company of the U.S and SunOpta Inc. have acquired several companies to extend their product line. The market is restrained due to high pricing of the products, lack of sufficient and required nutrients and cross contamination of dairy alternative raw materials. The global dairy alternatives market is segmented on the basis of source, application, and region.

Source Segment Analysis

Based on source, the global dairy alternatives market is categorized into coconut, rice, soy, almond, and others. Almond based products are projected to have the highest market share and the highest revenue generator. Almond based products have gained popularity because of the nutritional value and easy availability of raw materials. Taste and texture of almond milk sets it apart from other productsand this leads the consumers to buy almond product as compared with other dairy-based products. For calorie conscious individuals, almond-based dairy alternatives are beneficial as these products are free from saturated fats and cholesterol. Soy milk also has decent growth as its extensively used in the refreshment drinks. Yogurt is expected to see growth during the forecast period as consumers using yogurt prepared from dairy alternative products are increasing constantly.

Application Segment Analysis

Major applications analyzed in the global dairy alternatives market are ice creams, creamers, milk, cheese, and yogurt. The ice cream and yogurt segment is growing at a fast pace as compared to other segments. The market for dairy-free yogurt is opening new opportunities for the applications in the dairy alternatives market. The dairy yogurt available is fortified with vitamin D and cholesterol free.

Region Segment Analysis

The dairy alternatives market is analyzed across five regions including, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Currently, Asia-Pacific is expected to have higher growth rate in the dairy alternatives market. Soymilk is cheap and abundant in this region and is extensively consumer by higher economic power among consumers. In order to meet the consumer demand, manufacturers are launching various soy milk products in the form of beverages and pasteurized soy milk in different unique flavours. While Asia-pacific is expected to dominate the market during the forecast period, North America is the next fast growing market for the dairy alternatives market. Rise in vegan and obese population in North America, specifically in the U.S. is driving the demand for dairy alternatives products.

Competitive Scenario

The report covered the detailed competitive analysis including company profiles of the major industry players operating in the global dairy alternatives market. Key players profiled in the report are Freedom Foods Group, Eden Foods, Nutriops S.L, Earth’s Own Food Company, The Hain Celestial, Blue Diamond Growers, Sunopta, Sanitarium Health and Wellbeing Company, Triballat Noyal, Valsoia S.P.A., Döhler GmbH, The Whitewave Foods Company, and others.

The report segments the global dairy alternatives market as follows:

Dairy Alternatives Market, Source Segment Analysis

  • Coconut
  • Rice
  • Soy
  • Almond
  • Others

Dairy Alternatives Market, Application Segment Analysis

  • Ice Creams
  • Creamers
  • Milk
  • Cheese
  • Yogurt

Dairy Alternatives Market, Region Segment Analysis

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of  Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

Chapter 1 Introduction

1.1. Research Objective

1.2. Market Introduction

1.3. Market Segmentation

1.4. Report Highlights

Chapter 2 Research Scope & Methodology

2.1. Report Scope

2.2. Market Research Methodology

2.2.1. Data Mining

2.2.2. Data Analysis

2.2.3. Data Validation

2.2.4. Secondary Research

2.2.5. Primary Research

2.2.6. Model

2.3. Market Size Estimation

Chapter 3 Executive Summary

Chapter 4 Dairy Alternatives Market Size and Volume

4.1. Global Dairy Alternatives Market Size (USD Billion) and Growth Rate (%) Analysis, 2018-2025

4.2. Global Dairy Alternatives Market Volume (M Litres) and Growth Rate (%) Analysis, 2018-2025

Chapter 5 Market Dynamics

5.1. Market Drivers

5.1.1. Global Dairy Alternatives Market Drivers: Impact Analysis

5.1.2. Change in the consumer's lifestyle

5.1.3. Increase in population in the developing economies

5.2. Market Restrains

5.2.1. Global Dairy Alternatives Market Restraints: Impact Analysis

5.2.2. Lack of sufficient and required nutrients and cross contamination of dairy alternative raw materials

5.3. Market Opportunities

5.3.1. Increase investment in launching new products

5.4. Value Chain Analysis

5.5. Porter's Five Forces Analysis

5.5.1. Threat of new entrants

5.5.2. Threat of substitutes

5.5.3. Bargaining power of customers

5.5.4. Bargaining power of suppliers

5.5.5. Industry rivalry

5.6. Regulatory Framework

5.7. Price Trend Analysis

Chapter 6 Dairy Alternatives Market Analysis, by Source

6.1. Segment Overview

6.2. Dairy Alternatives Market Share (%), by Source in 2019 & 2025

6.3. Market Attractiveness Analysis, by Source

6.4. Coconut

6.4.1. Dairy Alternatives Market Analysis by Coconut, 2018-2025

6.5. Rice

6.5.1. Dairy Alternatives Market Analysis by Rice, 2018-2025

6.6. Soy

6.6.1. Dairy Alternatives Market Analysis by Soy, 2018-2025

6.7. Almond

6.7.1. Dairy Alternatives Market Analysis by Almond, 2018-2025

6.8. Others

6.8.1. Dairy Alternatives Market Analysis by Others, 2018-2025

Chapter 7 Dairy Alternatives Market Analysis, by Application

7.1. Segment Overview

7.2. Dairy Alternatives Market Share (%), by Application in 2019 & 2025

7.3. Market Attractiveness Analysis, by Application

7.4. Ice Creams

7.4.1. Dairy Alternatives Market Analysis by Ice Creams, 2018-2025

7.5. Creamers

7.5.1. Dairy Alternatives Market Analysis by Creamers, 2018-2025

7.6. Milk

7.6.1. Dairy Alternatives Market Analysis by Milk, 2018-2025

7.7. Cheese

7.7.1. Dairy Alternatives Market Analysis by Cheese, 2018-2025

7.8. Yogurt

7.8.1. Dairy Alternatives Market Analysis by Yogurt, 2018-2025

Chapter 8 North America Dairy Alternatives Market Analysis

8.1. North America Dairy Alternatives Market Overview

8.2. North America Dairy Alternatives Market Size and Volume, by Source, 2018-2025

8.2.1. Coconut

8.2.2. Rice

8.2.3. Soy

8.2.4. Almond

8.2.5. Others

8.3. North America Dairy Alternatives Market Size and Volume, by Application, 2018-2025

8.3.1. Ice Creams

8.3.2. Creamers

8.3.3. Milk

8.3.4. Cheese

8.3.5. Yogurt

8.4. North America Dairy Alternatives Market Size and Volume, by Country, 2018-2025

8.4.1. U.S.

8.4.2. Canada

8.4.3. Mexico

Chapter 9 Europe Dairy Alternatives Market Analysis

9.1. Europe Dairy Alternatives Market Overview

9.2. Europe Dairy Alternatives Market Size and Volume, by Source, 2018-2025

9.2.1. Coconut

9.2.2. Rice

9.2.3. Soy

9.2.4. Almond

9.2.5. Others

9.3. Europe Dairy Alternatives Market Size and Volume, by Application, 2018-2025

9.3.1. Ice Creams

9.3.2. Creamers

9.3.3. Milk

9.3.4. Cheese

9.3.5. Yogurt

9.4. Europe Dairy Alternatives Market Size and Volume, by Country, 2018-2025

9.4.1. UK

9.4.2. Germany

9.4.3. France

9.4.4. Russia

9.4.5. Rest of Europe

Chapter 10 Asia Pacific Dairy Alternatives Market Analysis

10.1. Asia Pacific Dairy Alternatives Market Overview

10.2. Asia Pacific Dairy Alternatives Market Size and Volume, by Source, 2018-2025

10.2.1. Coconut

10.2.2. Rice

10.2.3. Soy

10.2.4. Almond

10.2.5. Others

10.3. Asia Pacific Dairy Alternatives Market Size and Volume, by Application, 2018-2025

10.3.1. Ice Creams

10.3.2. Creamers

10.3.3. Milk

10.3.4. Cheese

10.3.5. Yogurt

10.4. Asia Pacific Dairy Alternatives Market Size and Volume, by Country, 2018-2025

10.4.1. China

10.4.2. Japan

10.4.3. India

10.4.4. South Korea

10.4.5. Australia

10.4.6. Rest of Asia Pacific

Chapter 11 Latin America Dairy Alternatives Market Analysis

11.1. Latin America Dairy Alternatives Market Overview

11.2. Latin America Dairy Alternatives Market Size and Volume, by Source, 2018-2025

11.2.1. Coconut

11.2.2. Rice

11.2.3. Soy

11.2.4. Almond

11.2.5. Others

11.3. Latin America Dairy Alternatives Market Size and Volume, by Application, 2018-2025

11.3.1. Ice Creams

11.3.2. Creamers

11.3.3. Milk

11.3.4. Cheese

11.3.5. Yogurt

11.4. Latin America Dairy Alternatives Market Size and Volume, by Country, 2018-2025

11.4.1. Brazil

11.4.2. Argentina

11.4.3. Rest of Latin America

Chapter 12 Middle East & Africa Dairy Alternatives Market Analysis

12.1. Middle East & Africa Dairy Alternatives Market Overview

12.2. Middle East & Africa Dairy Alternatives Market Size and Volume, by Source, 2018-2025

12.2.1. Coconut

12.2.2. Rice

12.2.3. Soy

12.2.4. Almond

12.2.5. Others

12.3. Middle East & Africa Dairy Alternatives Market Size and Volume, by Application, 2018-2025

12.3.1. Ice Creams

12.3.2. Creamers

12.3.3. Milk

12.3.4. Cheese

12.3.5. Yogurt

12.4. Middle East & Africa Dairy Alternatives Market Size and Volume, by Country, 2018-2025

12.4.1. Saudi Arabia

12.4.2. UAE

12.4.3. South Africa

12.4.4. Rest of MEA

Chapter 13 Competitive Landscape

13.1. Company Market Share Analysis, 2018

13.2. Competitive Scenario

13.2.1. New Product Launches

13.2.2. Regional Expansion and R&D Investments

13.2.3. Merger and Acquisitions

Chapter 14 Company Profiles

14.1. Freedom Foods Group

14.1.1. Company Details

14.1.2. Business Overview

14.1.3. Product Portfolio

14.1.4. Financials

14.1.5. Recent Developments

14.2. Eden Foods

14.2.1. Company Details

14.2.2. Business Overview

14.2.3. Product Portfolio

14.2.4. Financials

14.2.5. Recent Developments

14.3. Nutriops S.L

14.3.1. Company Details

14.3.2. Business Overview

14.3.3. Product Portfolio

14.3.4. Financials

14.3.5. Recent Developments

14.4. Earth's Own Food Company

14.4.1. Company Details

14.4.2. Business Overview

14.4.3. Product Portfolio

14.4.4. Financials

14.4.5. Recent Developments

14.5. The Hain Celestial

14.5.1. Company Details

14.5.2. Business Overview

14.5.3. Product Portfolio

14.5.4. Financials

14.5.5. Recent Developments

14.6. Blue Diamond Growers

14.6.1. Company Details

14.6.2. Business Overview

14.6.3. Product Portfolio

14.6.4. Financials

14.6.5. Recent Developments

14.7. Sunopta

14.7.1. Company Details

14.7.2. Business Overview

14.7.3. Product Portfolio

14.7.4. Financials

14.7.5. Recent Developments

14.8. Sanitarium Health and Wellbeing Company

14.8.1. Company Details

14.8.2. Business Overview

14.8.3. Product Portfolio

14.8.4. Financials

14.8.5. Recent Developments

14.9. Triballat Noyal

14.9.1. Company Details

14.9.2. Business Overview

14.9.3. Product Portfolio

14.9.4. Financials

14.9.5. Recent Developments

14.10. Valsoia S.P.A.

14.10.1. Company Details

14.10.2. Business Overview

14.10.3. Product Portfolio

14.10.4. Financials

14.10.5. Recent Developments

14.11. Döhler GmbH

14.11.1. Company Details

14.11.2. Business Overview

14.11.3. Product Portfolio

14.11.4. Financials

14.11.5. Recent Developments

14.12. The Whitewave Foods Company

14.12.1. Company Details

14.12.2. Business Overview

14.12.3. Product Portfolio

14.12.4. Financials

14.12.5. Recent Developments

List of Tables

Table 1 Global Dairy Alternatives Market Drivers: Impact Analysis

Table 2 Global Dairy Alternatives Market Restraints: Impact Analysis

Table 3 North America Dairy Alternatives Market Size (USD Billion), by Source, 2018-2025

Table 4 North America Dairy Alternatives Market Volume (M Ltrs), by Source, 2018-2025

Table 5 North America Dairy Alternatives Market Size (USD Billion), by Application, 2018-2025

Table 6 North America Dairy Alternatives Market Volume (M Ltrs), by Application, 2018-2025

Table 7 North America Dairy Alternatives Market Size (USD Billion), by Country, 2018-2025

Table 8 North America Dairy Alternatives Market Volume (M Ltrs), by Country, 2018-2025

Table 9 Europe Dairy Alternatives Market Size (USD Billion), by Source, 2018-2025

Table 10 Europe Dairy Alternatives Market Volume (M Ltrs), by Source, 2018-2025

Table 11 Europe Dairy Alternatives Market Size (USD Billion), by Application, 2018-2025

Table 12 Europe Dairy Alternatives Market Volume (M Ltrs), by Application, 2018-2025

Table 13 Europe Dairy Alternatives Market Size (USD Billion), by Country, 2018-2025

Table 14 Europe Dairy Alternatives Market Volume (M Ltrs), by Country, 2018-2025

Table 15 Asia Pacific Dairy Alternatives Market Size (USD Billion), by Source, 2018-2025

Table 16 Asia Pacific Dairy Alternatives Market Volume (M Ltrs), by Source, 2018-2025

Table 17 Asia Pacific Dairy Alternatives Market Size (USD Billion), by Application, 2018-2025

Table 18 Asia Pacific Dairy Alternatives Market Volume (M Ltrs), by Application, 2018-2025

Table 19 Asia Pacific Dairy Alternatives Market Size (USD Billion), by Country, 2018-2025

Table 20 Asia Pacific Dairy Alternatives Market Volume (M Ltrs), by Country, 2018-2025

Table 21 Latin America Dairy Alternatives Market Size (USD Billion), by Source, 2018-2025

Table 22 Latin America Dairy Alternatives Market Volume (M Ltrs), by Source, 2018-2025

Table 23 Latin America Dairy Alternatives Market Size (USD Billion), by Application, 2018-2025

Table 24 Latin America Dairy Alternatives Market Volume (M Ltrs), by Application, 2018-2025

Table 25 Latin America Dairy Alternatives Market Size (USD Billion), by Country, 2018-2025

Table 26 Latin America Dairy Alternatives Market Volume (M Ltrs), by Country, 2018-2025

Table 27 Middle East & Africa Dairy Alternatives Market Size (USD Billion), by Source, 2018-2025

Table 28 Middle East & Africa Dairy Alternatives Market Volume (M Ltrs), by Source, 2018-2025

Table 29 Middle East & Africa Dairy Alternatives Market Size (USD Billion), by Application, 2018-2025

Table 30 Middle East & Africa Dairy Alternatives Market Volume (M Ltrs), by Application, 2018-2025

Table 31 Middle East & Africa Dairy Alternatives Market Size (USD Billion), by Country, 2018-2025

Table 32 Middle East & Africa Dairy Alternatives Market Volume (M Ltrs), by Country, 2018-2025

List of Figures

Figure 1 Market Research Methodology

Figure 2 Global Dairy Alternatives Market Size and Growth Rate Analysis, 2018-2025

Figure 3 Global Dairy Alternatives Market Volume and Growth Rate Analysis, 2018-2025

Figure 4 Value Chain Analysis

Figure 5 Porter's Five Forces Analysis

Figure 6 Price Trend Analysis

Figure 7 Dairy Alternatives Market Share (%), by Source in 2019 & 2025

Figure 8 Market Attractiveness Analysis, by Source

Figure 9 Dairy Alternatives Market Size, by Coconut, 2018-2025

Figure 10 Dairy Alternatives Market Size, by Rice, 2018-2025

Figure 11 Dairy Alternatives Market Size, by Soy, 2018-2025

Figure 12 Dairy Alternatives Market Size, by Almond, 2018-2025

Figure 13 Dairy Alternatives Market Size, by Others, 2018-2025

Figure 14 Dairy Alternatives Market Share (%), by Application in 2019 & 2025

Figure 15 Market Attractiveness Analysis, by Application

Figure 16 Dairy Alternatives Market Size, by Ice Creams, 2018-2025

Figure 17 Dairy Alternatives Market Size, by Creamers, 2018-2025

Figure 18 Dairy Alternatives Market Size, by Milk, 2018-2025

Figure 19 Dairy Alternatives Market Size, by Cheese, 2018-2025

Figure 20 Dairy Alternatives Market Size, by Yogurt, 2018-2025

Figure 21 North America Dairy Alternatives Market Size, 2018-2025

Figure 22 Europe Dairy Alternatives Market Size, 2018-2025

Figure 23 Asia Pacific Dairy Alternatives Market Size, 2018-2025

Figure 24 Latin America Dairy Alternatives Market Size, 2018-2025

Figure 25 Middle East & Africa Dairy Alternatives Market Size, 2018-2025

Figure 26 Company Market Share (%), 2018

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