Dairy Alternatives Market: By Product Type (Coconut Milk, Soy Milk, Rice Milk, Almond Milk, and Others), By Formulation (Sweetened Products and Unsweetened Products), By Application (Food and Beverages), By Distribution Channel (Super Markets, Food Stores, Convenience Stores, and Others) and Geography  

Purchase Option

$ 4400
$ 6600
$ 8900

Dairy Alternatives Market size is valued at USD 24.5 billion in 2022 and is poised to grow at a significant CAGR of 12.8% during the forecast period 2023-2029. The global market provides a detailed overview of the Dairy Alternatives market and which can be segmented by product type, formulation, application, distribution channel, and region.By product type, the dairy alternatives market has been segmented into coconut milk, soy milk, rice milk, almond milk, and others. Based on the product, the coconut milk segment is projected to account for the largest market share in the market. To extract the high-fat coconut cream, the grated meat is first pressed, then soaked in hot water and filtered through cheesecloth in order to strain out the milk. This milk provides a creamy texture and a rich taste. Coconut milk is highly popular in Asian, South American, and Caribbean countries as an alternative to dairy. By formulation, the dairy alternatives market has been segmented into sweetened products and unsweetened products. By application, the dairy alternatives market has been segmented into milk, ice cream, yogurt, cheese, creamers, and other applications. By application, milk is expected to dominate the global market, owing to increasing demand continuously, rising interest among the key players to develop milk from plant-based sources and strong growth potential for vegan beverages. However, segments, such as vegan ice cream, cheese, and yogurt, would observe faster growth rates than the non-dairy milk segment owing to their rising popularity among consumers across a large section of people. Based on the distribution channel, the segment has been segregated into supermarkets, food stores, convenience stores, and others. Supermarkets/Hypermarkets would be anticipated to dominate the market attributing to the offerings of novel products with their proximity, accessibility, and affordability.

Dairy Alternatives Market Key Development:

  • In November 2021, Blue Diamond introduced almond breeze extra creamy almond milk. this product is made from almond oil made from quality California-grown blue diamond almonds to make the product an extra creamy texture.
  • In February 2021, SunOpta launched a new organic oat creamer brand. These creamers are smooth, creamy, and perfect as a delicious dairy alternative for coffee drinkers.

Dairy Alternatives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.8%

Largest Market

Asia Pacific

Fastest Growing Market

Europe
Dairy Alternatives Market Dynamics Dynamics

Rising concerns for processed dairy products to drive market growth. The market for dairy alternatives is majorly driven by lactose-intolerant consumers. Apart from this, there is an increasing perception among mass consumers that lactose-free products are healthy alternatives to conventional dairy further propelling the market growth.

Dairy Alternatives Market Segmentation

By Product Type
  • Coconut Milk
  • Soy Milk
  • Rice Milk
  • Almond Milk
  • Others
By Formulation
  • Sweetened Products
    • Plain Sweetened Formulation
    • Flavored Sweetened Formulation
  • Unsweetened Products
    • Plain Unsweetened Formulation
    • Flavored Unsweetened Formulation
By Application
  • Food
  • Beverages
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Frequently Asked Questions

Nutritional benefits having plant-based dairy alternatives and an increase in cases of lactose intolerance and milk allergies.

Rising incidences of food allergies and intolerances have negatively impacted the market growth. However, these days, the prevalence of food allergies has increased and has become a serious concern for consumers and food manufacturers. According to the Food Allergy Research & Education Organization (US), soy is among the top eight main food allergens responsible for most serious food allergy reactions.

Product innovation and extensive reach to ensure success for the market in foreseeable future.

The milk segment was the highest revenue contributor to the market, with USD 24.5 billion in 2021, with a CAGR of 12.8%.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  1. Executive Summary
  2. Global Dairy Alternatives Market Introduction
    • Global Dairy Alternatives Market Taxonomy
    • Global Dairy Alternatives Market Definitions
      • Product Type
      • Formulation
      • Application
      • Distribution Channel
  1. Global Dairy Alternatives Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Dairy Alternatives Market Dynamic Factors - Impact Analysis
    • Global Dairy Alternatives Market Competition Landscape
    • Epidemiology
  2. Global Dairy Alternatives Market Analysis,2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Dairy Alternatives Market, By Product Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Coconut Milk
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Soy Milk
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rice Milk
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Almond Milk
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dairy Alternatives Market Forecast, By Formulation, 2018-2022 and Forecast, 2023-2029
    • Sweetened Products
      • Plain Sweetened Formulation
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Flavored Sweetened Formulation
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Unsweetened Products
        • Plain Unsweetened Formulation
          • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Flavored Unsweetened Formulation
          • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Dairy Alternatives Market Forecast, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Food
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Beverages
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dairy Alternatives Market Forecast, By Distribution Channel, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Super Markets
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Food Stores
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Convenience Stores
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dairy Alternatives Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Region, 2018 2024
  2. North America Dairy Alternatives Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Coconut Milk
      • Soy Milk
      • Rice Milk
      • Almond Milk
      • Others
    • Formulation Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Sweetened Products
        • Plain Sweetened Formulation
        • Flavored Sweetened Formulation
      • Unsweetened Products
        • Plain Unsweetened Formulation
        • Flavored Unsweetened Formulation
      • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
      • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Super Markets
        • Food Stores
        • Convenience Stores
        • Others
      • Country Analysis 2016 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • S.
        • Canada
      • North America Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Country, 2018 2024
      • North America Dairy Alternatives Market Dynamics Trends
  1. Europe Dairy Alternatives Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Coconut Milk
      • Soy Milk
      • Rice Milk
      • Almond Milk
      • Others
    • Formulation Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Sweetened Products
        • Plain Sweetened Formulation
        • Flavored Sweetened Formulation
      • Unsweetened Products
        • Plain Unsweetened Formulation
        • Flavored Unsweetened Formulation
      • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
      • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Super Markets
        • Food Stores
        • Convenience Stores
        • Others
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Country, 2023-2029
      • Europe Dairy Alternatives Market Dynamics Trends
  1. Asia-Pacific Dairy Alternatives Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Coconut Milk
      • Soy Milk
      • Rice Milk
      • Almond Milk
      • Others
    • Formulation Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Sweetened Products
        • Plain Sweetened Formulation
        • Flavored Sweetened Formulation
      • Unsweetened Products
        • Plain Unsweetened Formulation
        • Flavored Unsweetened Formulation
      • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
      • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Super Markets
        • Food Stores
        • Convenience Stores
        • Others
      • Country Analysis2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Country, 2023-2029
      • Asia-Pacific Dairy Alternatives Market Dynamics Trends
  1. Latin America Dairy Alternatives Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Coconut Milk
      • Soy Milk
      • Rice Milk
      • Almond Milk
      • Others
    • Formulation Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Sweetened Products
        • Plain Sweetened Formulation
        • Flavored Sweetened Formulation
      • Unsweetened Products
        • Plain Unsweetened Formulation
        • Flavored Unsweetened Formulation
      • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
      • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Super Markets
        • Food Stores
        • Convenience Stores
        • Others
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Country, 2022-2029
      • Latin America Dairy Alternatives Market Dynamics Trends
  1. Middle East and Africa Dairy Alternatives Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Coconut Milk
      • Soy Milk
      • Rice Milk
      • Almond Milk
      • Others
    • Formulation Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Sweetened Products
        • Plain Sweetened Formulation
        • Flavored Sweetened Formulation
      • Unsweetened Products
        • Plain Unsweetened Formulation
        • Flavored Unsweetened Formulation
      • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Food
        • Beverages
      • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
        • Super Markets
        • Food Stores
        • Convenience Stores
        • Others
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Dairy Alternatives Market - Opportunity Analysis Index, By Product Type, By Formulation, By Application, By Distribution Channel, and Country, 2022-2029
      • MEA Dairy Alternatives Market Dynamics Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Döhler GmbH. (Germany)
      • Eden Foods (U.S.)
      • Nutriops SL. (Spain)
      • Earths Own Food Company Inc. (Canada)
      • Triballat Noyal (France)
      • Valsoia S.p.A (Italy)
      • Whitewave Foods (U.S.)
      • The Hain Celestial Group, Inc. (U.S.)
      • Blue Diamond Growers (U.S.)
      • SunOpta Inc. (Canada)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Eden Foods (U.S.)
  • Nutriops SL. (Spain)
  • Earth's Own Food Company Inc. (Canada)
  • Triballat Noyal (France)
  • Valsoia S.p.A (Italy)
  • Whitewave Foods (U.S.)
  • The Hain Celestial Group, Inc. (U.S.)
  • Blue Diamond Growers (U.S.)
  • SunOpta Inc. (Canada)

Adjacent Markets