Market Overview:
The global dairy-free spreads market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about dairy-free products, rising demand for vegan food products, and growing number of lactose intolerant population. In terms of type, the organic dairy-free spreads segment is projected to grow at a higher CAGR than the conventional dairy-free spreads segment during the forecast period. This can be attributed to the increasing demand for organic food products across the globe. In terms of application, supermarkets are expected to hold a larger share of the global dairy-free spreads market than convenience stores and online stores duringthe forecast period.
Product Definition:
Dairy-free spreads are those which do not contain milk or other dairy products. They are often used as an alternative to butter, margarine, or other dairy-based spreads. Dairy-free spreads can be made from a variety of ingredients, including vegetable oils, nuts, and seeds.
Organic Dairy-Free Spreads:
Organic dairy-free spreads are a type of vegan butter alternative that is made from plant-based oils such as coconut oil, sunflower oil, and tahini. They have high demand among consumers who prefer healthy eating habits and those with lactose intolerance or an allergy to milk products.
The product has been gaining significant traction on account of its increasing application in the foodservice industry for preparing various foods such as sandwiches, burgers, melts etc.
Conventional Dairy-Free Spreads:
Conventional dairy-free spreads are a type of vegan butter or margarine that contains no animal products and is usually made from plant-based oils such as canola oil, soybean oil, sunflower oil, etc. Conventional dairy-free spreads are used in various applications such as bakery products like bread and muffins; confectionery items like chocolates and sweets; sauces like mayonnaise; nonalcoholic beverages like smoothies and milkshakes.
Application Insights:
The supermarket was the dominant application segment and accounted for a revenue share of more than 60% in 2017. The product is widely used in preparation of various bakery products such as bread, rolls, buns and pastries. Dairy-free spreads are also used as toppings on cold cuts, sandwiches and wraps along with vegetables such as cucumber, peppers and tomatoes to enhance their flavor. Moreover, they are used in numerous other food items including cookies/biscuits/candy bars along with fruits like strawberries which act as substitutes for conventional dairy products.
Dairy-free spreads have high demand from health-conscious consumers who prefer avoiding consumption of saturated fat content found in butter due to increased consumption of carbohydrates & proteins which has resulted in reduced body weight among people globally thereby increasing the scope for growth over the coming years.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing vegan population and increasing awareness about dairy-free products. The region is projected to maintain its dominance over the forecast period due to rising demand for plant-based alternatives of conventional spreads such as almond butter, cashew butter, and coconut butter.
Asia Pacific is expected to be one of the fastest growing markets with a CAGR exceeding 6% from 2018 to 2030 owing high product demand from countries like China, Japan, South Korea, Singapore among others. Increasing number of lactose intolerant people in these countries will drive product sales further. Moreover dairy-free spread has less amount of saturated fat as compared to its counterpart and thus considered healthier by many consumers which will also drive growth over the forecast period.
Growth Factors:
- Increasing awareness about the health benefits of dairy-free spreads among consumers.
- Rising demand for healthy and nutritious food products across the globe.
- Growing popularity of veganism and vegetarianism lifestyle choices among consumers.
- Proliferation of retail outlets that offer a wide range of dairy-free spreads products to consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dairy-Free Spreads Market Research Report
By Type
Organic Dairy-Free Spreads, Conventional Dairy-Free Spreads
By Application
Supermarket, Convenience Store, Online Store
By Companies
Bute Island Foods, Country Crock, Veganoo, Follow Your Heart, Earth Balance, Biona Organic, Kerry Group, Vbites
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Dairy-Free Spreads Market Report Segments:
The global Dairy-Free Spreads market is segmented on the basis of:
Types
Organic Dairy-Free Spreads, Conventional Dairy-Free Spreads
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
Supermarket, Convenience Store, Online Store
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:
- Bute Island Foods
- Country Crock
- Veganoo
- Follow Your Heart
- Earth Balance
- Biona Organic
- Kerry Group
- Vbites
Highlights of The Dairy-Free Spreads 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:
- Organic Dairy-Free Spreads
- Conventional Dairy-Free Spreads
- By Application:
- Supermarket
- Convenience Store
- Online Store
- 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-Free Spreads 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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-free spreads are products that are made without dairy ingredients. They can be used as a replacement for butter, cream cheese, or other dairy-based spreads.
Some of the key players operating in the dairy-free spreads market are Bute Island Foods, Country Crock, Veganoo, Follow Your Heart, Earth Balance, Biona Organic, Kerry Group, Vbites.
The dairy-free spreads market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Dairy-Free Spreads Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Dairy-Free Spreads Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Dairy-Free Spreads Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Dairy-Free Spreads Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Dairy-Free Spreads Market Size & Forecast, 2020-2028 4.5.1 Dairy-Free Spreads Market Size and Y-o-Y Growth 4.5.2 Dairy-Free Spreads Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic Dairy-Free Spreads
5.2.2 Conventional Dairy-Free Spreads
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Convenience Store
6.2.3 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Dairy-Free Spreads Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Dairy-Free Spreads Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic Dairy-Free Spreads
9.6.2 Conventional Dairy-Free Spreads
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Convenience Store
9.10.3 Online Store
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic Dairy-Free Spreads
10.6.2 Conventional Dairy-Free Spreads
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Convenience Store
10.10.3 Online Store
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic Dairy-Free Spreads
11.6.2 Conventional Dairy-Free Spreads
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Convenience Store
11.10.3 Online Store
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic Dairy-Free Spreads
12.6.2 Conventional Dairy-Free Spreads
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Convenience Store
12.10.3 Online Store
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic Dairy-Free Spreads
13.6.2 Conventional Dairy-Free Spreads
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Convenience Store
13.10.3 Online Store
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Dairy-Free Spreads Market: Competitive Dashboard
14.2 Global Dairy-Free Spreads Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bute Island Foods
14.3.2 Country Crock
14.3.3 Veganoo
14.3.4 Follow Your Heart
14.3.5 Earth Balance
14.3.6 Biona Organic
14.3.7 Kerry Group
14.3.8 Vbites