The global milk alternatives market is expected to grow at a CAGR of 6.2% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing vegan population, rising demand for dairy-free products, and growing awareness about lactose intolerance. Soy milk accounted for the largest share in the global milk alternatives market in 2017 and is expected to continue its dominance throughout the forecast period.
-The global milk alternatives market is expected to grow at a CAGR of 6.2% from 2017 to 2025.
-The global milk alternatives market is expected to reach USD 8.5 billion by 2025.
-Milk substitutes are gaining popularity due to the increasing number of lactose intolerant people and vegan population in the world.
Industry Growth Insights published a new data on “Milk Alternatives Market”. The research report is titled “Milk Alternatives Market research by Types (Soy Milk, Almond Milk, Rice Milk, Others), By Applications (Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others), By Players/Companies Blue Diamond Growers, Dr Chung' S Food, Earth'S Own Food, Eden Foods, Freedom Foods, Leche Pascual, Living Harvest Foods, Maeil Dairies, Nutriops, Oatly, Organic Valley, Pacific Natural Foods, Panos Brands, Pureharvest, Sanitarium Health & Wellbeing, Stremicks Heritage Foods, Sunopta, The Bridge, The Hain Celestial, The Whitewave Foods, Turtle Mountain, Vitasoy International Holdings, VVFB”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Alternatives Market Research Report
By Type
Soy Milk, Almond Milk, Rice Milk, Others
By Application
Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others
By Companies
Blue Diamond Growers, Dr Chung' S Food, Earth'S Own Food, Eden Foods, Freedom Foods, Leche Pascual, Living Harvest Foods, Maeil Dairies, Nutriops, Oatly, Organic Valley, Pacific Natural Foods, Panos Brands, Pureharvest, Sanitarium Health & Wellbeing, Stremicks Heritage Foods, Sunopta, The Bridge, The Hain Celestial, The Whitewave Foods, Turtle Mountain, Vitasoy International Holdings, VVFB
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Milk Alternatives Market Report Segments:
The global Milk Alternatives market is segmented on the basis of:
Types
Soy Milk, Almond 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
Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others
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:
- Blue Diamond Growers
- Dr Chung' S Food
- Earth'S Own Food
- Eden Foods
- Freedom Foods
- Leche Pascual
- Living Harvest Foods
- Maeil Dairies
- Nutriops
- Oatly
- Organic Valley
- Pacific Natural Foods
- Panos Brands
- Pureharvest
- Sanitarium Health & Wellbeing
- Stremicks Heritage Foods
- Sunopta
- The Bridge
- The Hain Celestial
- The Whitewave Foods
- Turtle Mountain
- Vitasoy International Holdings
- VVFB
Highlights of The Milk Alternatives 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:
- Soy Milk
- Almond Milk
- Rice Milk
- Others
- By Application:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail
- Others
- 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 Milk Alternatives 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?
Milk alternatives are products that are made from plant-based or dairy-free sources of milk. They can be used in place of cow's milk in many recipes, and they often have a similar flavor and consistency. Some common types of milk alternatives include soy, almond, hemp, rice, oat, coconutmilk and hazelnutmilk.
Some of the major players in the milk alternatives market are Blue Diamond Growers, Dr Chung' S Food, Earth'S Own Food, Eden Foods, Freedom Foods, Leche Pascual, Living Harvest Foods, Maeil Dairies, Nutriops, Oatly, Organic Valley, Pacific Natural Foods, Panos Brands, Pureharvest, Sanitarium Health & Wellbeing, Stremicks Heritage Foods, Sunopta, The Bridge, The Hain Celestial, The Whitewave Foods, Turtle Mountain, Vitasoy International Holdings, VVFB.
The milk alternatives market is expected to grow at a compound annual growth rate of 6.2%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milk Alternatives 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. Milk Alternatives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Milk Alternatives Market - Supply Chain
4.5. Global Milk Alternatives Market Forecast
4.5.1. Milk Alternatives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Milk Alternatives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Milk Alternatives Market Absolute $ Opportunity
5. Global Milk Alternatives 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. Milk Alternatives Market Size and Volume Forecast by Type
5.3.1. Soy Milk
5.3.2. Almond Milk
5.3.3. Rice Milk
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Milk Alternatives 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. Milk Alternatives Market Size and Volume Forecast by Application
6.3.1. Hypermarkets/Supermarkets
6.3.2. Convenience Stores
6.3.3. Online Retail
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Milk Alternatives 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. Milk Alternatives 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 Milk Alternatives 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. Milk Alternatives 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 Milk Alternatives Demand Share Forecast, 2019-2026
9. North America Milk Alternatives 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 Milk Alternatives 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 Milk Alternatives Market Size and Volume Forecast by Application
9.4.1. Hypermarkets/Supermarkets
9.4.2. Convenience Stores
9.4.3. Online Retail
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Milk Alternatives Market Size and Volume Forecast by Type
9.7.1. Soy Milk
9.7.2. Almond Milk
9.7.3. Rice Milk
9.7.4. Others
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 Milk Alternatives Demand Share Forecast, 2019-2026
10. Latin America Milk Alternatives 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 Milk Alternatives 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 Milk Alternatives Market Size and Volume Forecast by Application
10.4.1. Hypermarkets/Supermarkets
10.4.2. Convenience Stores
10.4.3. Online Retail
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Milk Alternatives Market Size and Volume Forecast by Type
10.7.1. Soy Milk
10.7.2. Almond Milk
10.7.3. Rice Milk
10.7.4. Others
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 Milk Alternatives Demand Share Forecast, 2019-2026
11. Europe Milk Alternatives 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 Milk Alternatives 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 Milk Alternatives Market Size and Volume Forecast by Application
11.4.1. Hypermarkets/Supermarkets
11.4.2. Convenience Stores
11.4.3. Online Retail
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Milk Alternatives Market Size and Volume Forecast by Type
11.7.1. Soy Milk
11.7.2. Almond Milk
11.7.3. Rice Milk
11.7.4. Others
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 Milk Alternatives Demand Share, 2019-2026
12. Asia Pacific Milk Alternatives 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 Milk Alternatives 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 Milk Alternatives Market Size and Volume Forecast by Application
12.4.1. Hypermarkets/Supermarkets
12.4.2. Convenience Stores
12.4.3. Online Retail
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Milk Alternatives Market Size and Volume Forecast by Type
12.7.1. Soy Milk
12.7.2. Almond Milk
12.7.3. Rice Milk
12.7.4. Others
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 Milk Alternatives Demand Share, 2019-2026
13. Middle East & Africa Milk Alternatives 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 Milk Alternatives 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 Milk Alternatives Market Size and Volume Forecast by Application
13.4.1. Hypermarkets/Supermarkets
13.4.2. Convenience Stores
13.4.3. Online Retail
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Milk Alternatives Market Size and Volume Forecast by Type
13.7.1. Soy Milk
13.7.2. Almond Milk
13.7.3. Rice Milk
13.7.4. Others
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 Milk Alternatives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Milk Alternatives Market: Market Share Analysis
14.2. Milk Alternatives Distributors and Customers
14.3. Milk Alternatives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Blue Diamond Growers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dr Chung' S Food
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Earth'S Own Food
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eden Foods
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Freedom Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Leche Pascual
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Living Harvest Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Maeil Dairies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nutriops
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Oatly
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Organic Valley
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Pacific Natural Foods
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Panos Brands
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pureharvest
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sanitarium Health & Wellbeing
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Stremicks Heritage Foods
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sunopta
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. The Bridge
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. The Hain Celestial
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. The Whitewave Foods
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
