Dairy Alternatives Market: Share, Size, Competitive Strategies and Forecast 2019 – 2025

Dairy Alternatives Market size to exceed $37.5 bn by
2025: Global Market Insights Inc.
The research report “Global Dairy Alternatives Market Size By Product (Almond,
Soy, Coconut, Oat, Rice, Hemp), By Application (Food {Cheese, Deserts,
Snacks}, Beverages), By Formulation (Sweetened, Unsweetened), By Sales
Channel (Mainstream Stores, Specialty Stores, Online Stores) Industry Analysis
Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market
Share & Forecast, 2019 – 2025.” says, Dairy Alternatives Market size is estimated to
surpass USD 37.5 billion by 2025.
The growing demand for dairy-free products across various end-use industries such
as cheese, desserts, snacks, and beverages are steering the industry growth.
Increasing intake of dairy alternatives by vegan population coupled with rise in patients
suffering from lactose intolerance, milk allergies, and calorie concerns will bolster the
product adoption in beverage applications. Increasing penetration of dairy alternatives
in beverages owing to several benefits offered such as improved nutritional content
will fuel the business development. The shift from conventional dairy products such as
cow milk to nuts and legume-based milk products along with rising consumer concerns
for maintaining a healthy diet are the key factors influencing the business dynamics.
Additionally, the growing vegetarian and vegan population, motivated by animal
welfare concerns, choose plant-based beverage products, thereby positively
influencing the dairy alternatives market share.
Regulatory agencies such as EDA, USDA, FAO, USFDA, EC, etc. undertook initiatives
such as awareness campaigns to promote the need for maintaining healthy diet and
lifestyle owing to increasing instances of diseases related to lactose tolerance and
nutrition deficiency. For instance, EDA witness around 56% of the Italy population was
lactose intolerant or suffered health issues related nutritional deficiency in June 2018.
The agency listed out multiple guidelines regarding the consumption of milk and other
dairy products as a counter measure of coping up with this diet and lifestyle related
issue.
Manufacturers are focusing on the adoption of sustainable practices such as
optimizing their network with farmers, energy & waste management, and the utilization
of industry by-products as raw materials. They are also developing products in line
with stringent regulations of governing bodies, thereby aiding product growth over the
forecast timeline.
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Stringent regulations imposed on the manufacturing process such as functional
requirements, the need of mentioning animal-based products in food labels, higher
cost of nuts & legumes, and increasing energy costs may increase the overall
production cost which in turn will hinder the market share.
North America Almond Based Dairy Alternatives Market, By
Application, 2018 & 2025, (USD Million)
Browse key industry insights spread across 1200 pages with 2325 market data tables
& 14 figures & charts from the report, “Global Dairy Alternatives Market Size By
Product (Almond, Soy, Coconut, Oat, Rice, Hemp), By Application (Food
{Cheese, Deserts, Snacks}, Beverages), By Formulation (Sweetened,
Unsweetened), By Sales Channel (Mainstream Stores, Specialty Stores, Online
Stores) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany,
UK, France, Spain, Russia, Italy, China, India, Japan, South Korea, Indonesia,
Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Growth
Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in
detail along with the table of contents:
https://www.gminsights.com/industry-analysis/dairy-alternatives-market
Coconut is expected to witness a significant growth at over 10% up to 2025. Coconut
milk is commonly used dairy milk substitute having a creamy texture with a relatively
high amount of fat content. It offers benefits such as increased levels of HDL
cholesterol in the body, efficient weight management, and protection from
cardiovascular diseases. These factors are expected to fuel the segment demand over
the forthcoming years.
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The unsweetened segment constitutes a major share in the dairy alternatives industry.
The segment does not contain added sugar or sweetening agents, which typically
accounts for half of the calorie contents found in cow’s milk. Increasing intake of this
light-tasting substitute by diabetic patients for maintaining a healthy diet will be a key
factor driving the segment growth.
Online stores emerged as the fastest growing distribution channel. The online services
sector has gained momentum in both developed and developing countries owing to
cost-effectiveness and faster accessibility. The increasing popularity of online sales
channels is creating potential opportunities for segment growth over the forecast
timeframe.
North America dairy alternatives market accounts for over 25% share and expected to
witness significant gains over the forecast timeline. The escalating number of patients
with allergies and nutritional deficiency will result in dairy alternative products demand
across the region. Changing eating habits and lifestyle owing to rising adult population
suffering from obesity and diabetes in the U.S. and Canada will further drive the plantbased
rice and almond milk products demand.
The global dairy alternatives market is highly competitive owing to the presence of a
few dominating companies including Whitewave Foods, Hain Celestial Group, Inc.,
Blue Diamond Growers, SunOpta Inc., New Barn. Other prominent players in the
industry include Triballat Noyal, Califia Farms, Valsoia S.p.A, Freedom Foods, and
Pacific Foods. Strategic initiatives such as new product launches, geographical
expansions, R&D investments, and mergers & acquisitions help the industry
participants explore the untapped business potential. Industry players resort to supply
chain agreements with dealers and distributors to ensure efficient flow of products.
Segmentation :
of Dairy Alternatives Market :
Dairy alternatives market research report includes in-depth coverage of
the industry with estimates & forecast in terms of volume in million litres
& revenue in USD million from 2013 to 2025, for the following segments:
Dairy alternatives Market By Product
• Almond
• Soy
• Coconut
• Oat
• Rice
• Hemp
• Others (Cashew, Hazelnut, and Quinoa)
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Dairy alternatives Market By Application
• Food
o Cheese
o Desserts
o Snacks
• Beverages
Dairy alternatives Market By Formulation
• Sweetened
• Unsweetened
Dairy alternatives Market By Sales Channel
• Mainstream Stores
• Specialty Stores
• Online stores
• Others (Natural Product Stores)
The above information is provided on a regional and country basis for the
following:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Russia
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
o Indonesia
o Australia
• Latin America
o Brazil
o Mexico
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o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
o South Africa
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