Dairy Alternative Market Overview :
Global Dairy Alternatives Market is estimated to reach $28,745 Million by 2025; growing at a CAGR of 13.1% from 2017 to 2025. Dairy alternatives are dairy-milk and lactose free food products extracted from various plant based sources. Dairy alternatives are generally processed from cereals, seeds, or nuts. Lactose intolerant and pure vegans are consuming it with a great demand from all over the world. In addition, it is very helpful alternative for the people, because of its low cholesterol concentration and low fat content. There is wide variety of food & beverages prepared by plant based milk available in the market, derived from sources such as soy, almond, coconut, and rice, in addition to, dairy-free yogurts, frozen desserts, cheeses, ice-creams, and many others. The global dairy alternative market is also gaining a high demand from the rising health awareness among consumers.
Nutritional benefits offered by plant-based dairy alternatives, increasing lactose intolerant consumers globally, and growing consumer preference for a vegan diet are the major factors driving the growth of the global dairy alternative market. However, high pricing and lack of proper nutrients available in dairy alternative raw materials are the major hindrances for the market growth. Moreover, innovative product launches, and attractive marketing and promotional strategies followed by the companies are likely to open up lucrative growth opportunities for the market in the forecast timeframe.
Source, application, distribution channel, and geography are the major segments considered in the global dairy alternative market. The source segment is sub-segmented into soy milk, almond milk, rice milk, and other sources. By application, the segment comprises food (spread, creamer, yogurt, tofu, and other foods), and beverages. Furthermore, by distribution channel the segment is bifurcated into large retail, small retail, specialty store, and online.
On the basis of geographical analysis, the global dairy alternative market is segmented in North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico, whereas Europe segment consists of UK, Germany, France, and Rest of Europe. Asia-Pacific is segmented into China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market include SunOpta Inc., WhiteWave Foods Company, Blue Diamond Growers, Hudson River Foods, Hain Celestial Group Inc., Organic Valley, Eden Foods, Inc., Earth's Own Food Company Inc., Döhler GmbH, and BRIDGE S.R.L among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Dairy Alternative Market with respect to major segments such as source, application, distribution channel, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Dairy Alternative Market has been included in the report
- Profile of the key players in the Global Dairy Alternative Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Dairy Alternative Market
- Soy Milk
- Almond Milk
- Rice Milk
- Other Sources
- Other Foods
Distribution Channel Segments
- Large Retail
- Small Retail
- Specialty Store
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East