Market Overview:
The global dairy substitutes market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the health benefits of dairy substitutes, rising demand for vegan food products, and growing number of lactose intolerant population. Based on product type, soy milk accounted for the largest share in 2017 and is projected to grow at a CAGR of 8.1% during the forecast period. Soy milk is considered as a healthy alternative to cow’s milk as it contains high levels of protein and essential vitamins and minerals such as calcium, magnesium, potassium, zinc etc., which are beneficial for human health. Almond milk held second largest share in 2017 and is projected to grow at highest CAGR during forecast period due its high nutritional value along with various flavors available in market . Based on application , cheese & cheese products segment accounted for major share followed by creamers segment In 2017 . Cheese & cheese products segment dominated due North America region has large number traditional cheese consumers who are looking for healthier options over conventional diary items .
Product Definition:
A dairy substitute is a food that replaces the nutrients of dairy products. Dairy substitutes are important for people who are lactose intolerant or have a milk allergy, because they do not digest lactose or milk proteins well. There are many different types of dairy substitutes, including soy milk, almond milk, and rice milk.
By Product Type:
By product type, it's usage.
By Application, it's usage.
Increasing demand for vegan products coupled with growing environmental concerns has led to a surge in demand for plant-based dairy alternatives. This has resulted in high consumption of soy milk which acts as one of the key drivers for this industry.
Plain Sweetened:
Plain sweetened is a form of artificial sweetener that consists of aspartame, saccharin, sucralose and neotame. It has no flavor or taste and hence can be used in any food product.
Application Insights:
The dairy substitutes market is segmented by application into cheese and cheese products, creams, yogurts, ice creams and desserts, milk and milk products including butter and yogurt as well as sauces and dressings. The milk segment dominated the overall market in terms of revenue share in 2017. This can be attributed to increasing demand for healthy dairy alternatives that are rich in protein & calcium among other nutrients. Moreover, rising awareness about lactose intolerance is driving the growth of this segment further.
Dairy substitutes such as soy milk have been gaining popularity due to their health benefits along with functional properties such as taste mimicry of cow's milk along with added nutritional value from its ingredients like tofu or soymilk among others which include coconut cream concentrate (coconut nectar), almond pulp (almond) or rice bran oil (rapeseed).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 owing to increasing awareness about dairy substitutes and rising consumer disposable income levels in emerging economies such as China, India, and Japan. Furthermore, growing demand for convenience foods along with changing lifestyles will drive the market further. Europe is also estimated to witness significant growth over the coming years due to rising demand for plant-based alternatives from countries including Germany, U.K., Italy, France among others which are some of the major consumers of dairy products in this region.
Growth Factors:
- Increasing health concerns among people regarding dairy products due to high cholesterol and lactose content is expected to fuel the demand for dairy substitutes over the forecast period.
- Growing vegan population is also anticipated to boost the demand for dairy substitutes as they do not contain any animal-based ingredients.
- Rising awareness about the benefits of plant-based milk alternatives such as soy, almond, and coconut milk is projected to propel their demand in the near future.
- Changing lifestyle and growing urbanization are some of other key factors that are expected to drive the growth of Dairy Substitutes market in upcoming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Dairy Substitutes Market Research Report
By Type
By Product Type, Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened, By Form Type, Soy Milk, Almond Milk, Oat Milk, Hemp Milk, Coconut Milk, Rice Milk, Others
By Application
Cheese and Cheese Products, Creamers, Yogurt, Ice Cream and Desserts, Milk, Sauces and Dressings
By Companies
The Hain Celestial Group Inc, Sunopta Inc, Organic Valley Cropp Cooperative, Oatly AB, Koninklijke Wessanen N.V., Eden Foods Inc, Earth’s Own Food Company Inc, Danone, Califia Farms LLC, Blue Diamond Growers Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Dairy Substitutes Market Report Segments:
The global Dairy Substitutes market is segmented on the basis of:
Types
By Product Type, Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened, By Form Type, Soy Milk, Almond Milk, Oat Milk, Hemp Milk, Coconut Milk, Rice Milk, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cheese and Cheese Products, Creamers, Yogurt, Ice Cream and Desserts, Milk, Sauces and Dressings
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Hain Celestial Group Inc
- Sunopta Inc
- Organic Valley Cropp Cooperative
- Oatly AB
- Koninklijke Wessanen N.V.
- Eden Foods Inc
- Earth’s Own Food Company Inc
- Danone
- Califia Farms LLC
- Blue Diamond Growers Inc
Highlights of The Dairy Substitutes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Product Type
- Plain Sweetened
- Plain Unsweetened
- Flavoured Sweetened
- Flavoured Unsweetened
- By Form Type
- Soy Milk
- Almond Milk
- Oat Milk
- Hemp Milk
- Coconut Milk
- Rice Milk
- Others
- By Application:
- Cheese and Cheese Products
- Creamers
- Yogurt
- Ice Cream and Desserts
- Milk
- Sauces and Dressings
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dairy Substitutes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dairy substitutes are products that can be used in place of milk or other dairy products. They may be made from plant-based ingredients, such as soy milk, almond milk, or rice milk. Some dairy substitutes are also fortified with vitamins and minerals to provide the same nutritional benefits as cow's milk.
Some of the major players in the dairy substitutes market are The Hain Celestial Group Inc, Sunopta Inc, Organic Valley Cropp Cooperative, Oatly AB, Koninklijke Wessanen N.V., Eden Foods Inc, Earth¢â‚¬â„¢s Own Food Company Inc, Danone, Califia Farms LLC, Blue Diamond Growers Inc.
The dairy substitutes market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dairy Substitutes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dairy Substitutes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dairy Substitutes Market - Supply Chain
4.5. Global Dairy Substitutes Market Forecast
4.5.1. Dairy Substitutes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dairy Substitutes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dairy Substitutes Market Absolute $ Opportunity
5. Global Dairy Substitutes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Dairy Substitutes Market Size and Volume Forecast by Type
5.3.1. By Product Type
5.3.2. Plain Sweetened
5.3.3. Plain Unsweetened
5.3.4. Flavoured Sweetened
5.3.5. Flavoured Unsweetened
5.3.6. By Form Type
5.3.7. Soy Milk
5.3.8. Almond Milk
5.3.9. Oat Milk
5.3.10. Hemp Milk
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dairy Substitutes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Dairy Substitutes Market Size and Volume Forecast by Application
6.3.1. Cheese and Cheese Products
6.3.2. Creamers
6.3.3. Yogurt
6.3.4. Ice Cream and Desserts
6.3.5. Milk
6.3.6. Sauces and Dressings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Dairy Substitutes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Dairy Substitutes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Dairy Substitutes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Dairy Substitutes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Dairy Substitutes Demand Share Forecast, 2019-2029
9. North America Dairy Substitutes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Dairy Substitutes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Dairy Substitutes Market Size and Volume Forecast by Application
9.4.1. Cheese and Cheese Products
9.4.2. Creamers
9.4.3. Yogurt
9.4.4. Ice Cream and Desserts
9.4.5. Milk
9.4.6. Sauces and Dressings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Dairy Substitutes Market Size and Volume Forecast by Type
9.7.1. By Product Type
9.7.2. Plain Sweetened
9.7.3. Plain Unsweetened
9.7.4. Flavoured Sweetened
9.7.5. Flavoured Unsweetened
9.7.6. By Form Type
9.7.7. Soy Milk
9.7.8. Almond Milk
9.7.9. Oat Milk
9.7.10. Hemp Milk
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Dairy Substitutes Demand Share Forecast, 2019-2029
10. Latin America Dairy Substitutes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Dairy Substitutes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Dairy Substitutes Market Size and Volume Forecast by Application
10.4.1. Cheese and Cheese Products
10.4.2. Creamers
10.4.3. Yogurt
10.4.4. Ice Cream and Desserts
10.4.5. Milk
10.4.6. Sauces and Dressings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Dairy Substitutes Market Size and Volume Forecast by Type
10.7.1. By Product Type
10.7.2. Plain Sweetened
10.7.3. Plain Unsweetened
10.7.4. Flavoured Sweetened
10.7.5. Flavoured Unsweetened
10.7.6. By Form Type
10.7.7. Soy Milk
10.7.8. Almond Milk
10.7.9. Oat Milk
10.7.10. Hemp Milk
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Dairy Substitutes Demand Share Forecast, 2019-2029
11. Europe Dairy Substitutes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Dairy Substitutes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Dairy Substitutes Market Size and Volume Forecast by Application
11.4.1. Cheese and Cheese Products
11.4.2. Creamers
11.4.3. Yogurt
11.4.4. Ice Cream and Desserts
11.4.5. Milk
11.4.6. Sauces and Dressings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Dairy Substitutes Market Size and Volume Forecast by Type
11.7.1. By Product Type
11.7.2. Plain Sweetened
11.7.3. Plain Unsweetened
11.7.4. Flavoured Sweetened
11.75. Flavoured Unsweetened
11.7.6. By Form Type
11.7.7. Soy Milk
11.7.8. Almond Milk
11.7.9. Oat Milk
11.7.10. Hemp Milk
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Dairy Substitutes Demand Share, 2019-2029
12. Asia Pacific Dairy Substitutes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Dairy Substitutes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Dairy Substitutes Market Size and Volume Forecast by Application
12.4.1. Cheese and Cheese Products
12.4.2. Creamers
12.4.3. Yogurt
12.4.4. Ice Cream and Desserts
12.4.5. Milk
12.4.6. Sauces and Dressings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Dairy Substitutes Market Size and Volume Forecast by Type
12.7.1. By Product Type
12.7.2. Plain Sweetened
12.7.3. Plain Unsweetened
12.7.4. Flavoured Sweetened
12.7.5. Flavoured Unsweetened
12.7.6. By Form Type
12.7.7. Soy Milk
12.7.8. Almond Milk
12.7.9. Oat Milk
12.7.10. Hemp Milk
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Dairy Substitutes Demand Share, 2019-2029
13. Middle East & Africa Dairy Substitutes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Dairy Substitutes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Dairy Substitutes Market Size and Volume Forecast by Application
13.4.1. Cheese and Cheese Products
13.4.2. Creamers
13.4.3. Yogurt
13.4.4. Ice Cream and Desserts
13.4.5. Milk
13.4.6. Sauces and Dressings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Dairy Substitutes Market Size and Volume Forecast by Type
13.7.1. By Product Type
13.7.2. Plain Sweetened
13.7.3. Plain Unsweetened
13.7.4. Flavoured Sweetened
13.7.5. Flavoured Unsweetened
13.7.6. By Form Type
13.7.7. Soy Milk
13.7.8. Almond Milk
13.7.9. Oat Milk
13.7.10. Hemp Milk
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Dairy Substitutes Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Dairy Substitutes Market: Market Share Analysis
14.2. Dairy Substitutes Distributors and Customers
14.3. Dairy Substitutes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. The Hain Celestial Group Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sunopta Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Organic Valley Cropp Cooperative
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oatly AB
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Koninklijke Wessanen N.V.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eden Foods Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Earths Own Food Company Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Danone
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Califia Farms LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Blue Diamond Growers Inc
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
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