Dairy Alternatives
Dairy Alternatives Market Forecasts to 2030 - Global Analysis By Product (Plant-Based Milks, Plant-Based Yogurts, Plant-Based Cheeses, Plant-Based Ice Creams, Plant-Based Butters and Other Products), Form, Source, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Dairy Alternatives Market is accounted for $28.43 billion in 2024 and is expected to reach $45.75 billion by 2030 growing at a CAGR of 12.1% during the forecast period. Dairy alternatives are food and beverage products designed to replace traditional dairy items. They often provide essential nutrients like calcium, vitamin D, and protein while being lower in saturated fat and cholesterol. Dairy alternatives support vegan, vegetarian, and eco-friendly diets, promoting sustainability and animal welfare.
According to the U.S. Department of Agriculture, approximately 8 million people followed a vegetarian diet and 1.58 million people followed a vegan diet in 2022.
Market Dynamics:
Driver:
Increasing health and wellness trends
As people become more conscious of diet-related health issues such as heart disease, diabetes, and obesity, they seek alternatives that are lower in saturated fat, cholesterol, and calories. Dairy alternatives, rich in vitamins, minerals, and often fortified with additional nutrients, cater to these demands. This shift is supported by increasing awareness of the benefits of plant-based diets and the desire to avoid additives and hormones found in traditional dairy, propelling market expansion and innovation.
Restraint:
Nutritional concerns
Nutritional concerns in dairy alternatives arise from potential deficiencies in key nutrients such as protein, calcium, and vitamins compared to traditional dairy products. Some plant-based options may have lower protein content or lack essential nutrients unless fortified. These nutritional gaps can deter health-conscious consumers and create skepticism about the benefits of dairy alternatives. Consequently, such concerns may hamper market growth by limiting consumer acceptance and leading to lower sales.
Opportunity:
Growing adoption of vegan and vegetarian lifestyles
Since more consumers choose to avoid animal products for health, ethical, and environmental reasons, they seek substitutes for traditional dairy items. This shift drives innovation and expansion in dairy alternatives, as companies develop diverse options like almond, soy, oat, and coconut-based products. Increased consumer awareness and demand fuel market growth, prompting retailers to stock a broader range of alternatives and making these products more accessible. The trend also attracts investments, further supporting market development and innovation.
Threat:
Consumer skepticism
Consumer skepticism toward dairy alternatives often stems from concerns about taste, texture, and nutritional value compared to traditional dairy products. Some consumers doubt the efficacy of plant-based options in providing essential nutrients or find them less satisfying. This skepticism can limit market growth by hindering widespread adoption and reducing overall demand. Additionally, negative perceptions may lead to slower acceptance and lower sales, impacting the incentives for innovation and investment in the dairy alternatives sector.
Covid-19 Impact
The covid-19 pandemic boosted the dairy alternatives market as consumer’s prioritized health and wellness, leading to increased demand for plant-based products. Supply chain disruptions briefly impacted availability, but the market quickly adapted. Online shopping surged, further driving sales. The pandemic's emphasis on sustainable and immune-supporting foods solidified dairy alternatives as a growing segment, with heightened awareness of dietary choices contributing to long-term market expansion.
The almond segment is expected to be the largest during the forecast period
The almond segment is estimated to have a lucrative growth. Almond-based dairy alternatives are popular for their mild flavor, creamy texture, and nutritional benefits, including vitamin E and calcium. They encompass a range of products like milk, yogurt, cheese, and ice cream. Favoured for being low in calories and cholesterol-free, almond alternatives cater to health-conscious consumers and those with lactose intolerance. Sustainable farming practices and widespread availability boost their appeal, making them a significant segment in the dairy alternatives market.
The vegetarian/vegan consumers segment is expected to have the highest CAGR during the forecast period
The vegetarian/vegan consumers segment is anticipated to witness the highest CAGR growth during the forecast period. Dairy alternatives provide substitutes for milk, cheese, yogurt, and ice cream without animal products. These alternatives align with ethical and environmental values by avoiding animal exploitation and reducing carbon footprints. They offer essential nutrients such as protein, calcium, and vitamins while catering to diverse dietary preferences. The growing availability and innovation in flavor and texture make these products a staple in vegan and vegetarian diets, supporting a more sustainable lifestyle.
Region with largest share:
The Asia Pacific dairy alternatives market is experiencing rapid growth, driven by rising lactose intolerance, health consciousness, and plant-based diet adoption. Countries like China, India, and Japan lead in demand due to increasing urbanization and disposable incomes. Soy, almond, and coconut-based products are particularly popular. E-commerce expansion and growing awareness of environmental sustainability further propel the market. Regulatory support and investments in plant-based food start-ups are also key factors boosting growth in the region.
Region with highest CAGR:
The North American dairy alternatives market is expanding rapidly, fuelled by rising health awareness, lactose intolerance, and veganism. The U.S. and Canada lead in consumption, with strong demand for almond, soy, oat, and coconut-based products. Retail giants and e-commerce platforms boost accessibility, while investment in plant-based start-ups drives growth. Regulatory support and increasing availability of fortified options further solidify the market's presence in North America.
Key players in the market
Some of the key players profiled in the Dairy Alternatives Market include Alpro, Oatly, Lactalis, So Delicious, Califia Farms, Ripple Foods, Elmhurst, Malk Organics, Nutpods, Vitasoy, Hain Celestial, Brew Dr. Kombucha, Rude Health, Forager Project and Synthite Industries.
Key Developments:
In May 2024, Lactalis, a global leader in dairy products, has recently entered the plant-based market with its new brand, “Enjoy!”. The brand focuses on delivering high-quality products that closely mimic the taste and texture of conventional dairy, aiming to satisfy both vegan and non-vegan consumers.
In June 2023, Synthite Industries has ventured into the plant-based dairy alternatives and plant-protein sector through a joint venture (JV) with PMEDS and the Indian Institute of Science (IISc). This strategic move marks Synthite’s expansion into the growing plant-based food market.
Product Covered:
• Plant-Based Milks
• Plant-Based Yogurts
• Plant-Based Cheeses
• Plant-Based Ice Creams
• Plant-Based Butters
• Other Products
Forms Covered:
• Liquid
• Powder
• Frozen
• Concentrates
Sources Covered:
• Soy
• Almond
• Coconut
• Oat
• Cashew
• Other Sources
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Other Distribution Channels
Applications Covered:
• Beverages
• Cooking & Baking Ingredients
• Infant Formula
• Health & Wellness Products
• Other Applications
End Users Covered:
• Vegetarian/Vegan Consumers
• Lactose-Intolerant Consumers
• Health-Conscious Consumers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dairy Alternatives Market, By Product
5.1 Introduction
5.2 Plant-Based Milks
5.3 Plant-Based Yogurts
5.4 Plant-Based Cheeses
5.5 Plant-Based Ice Creams
5.6 Plant-Based Butters
5.7 Other Products
6 Global Dairy Alternatives Market, By Form
6.1 Introduction
6.2 Liquid
6.3 Powder
6.4 Frozen
6.5 Concentrates
7 Global Dairy Alternatives Market, By Source
7.1 Introduction
7.2 Soy
7.3 Almond
7.4 Coconut
7.5 Oat
7.6 Cashew
7.7 Other Sources
8 Global Dairy Alternatives Market, By Distribution Channel
8.1 Introduction
8.2 Supermarkets/Hypermarkets
8.3 Convenience Stores
8.4 Specialty Stores
8.5 Online Retail
8.6 Other Distribution Channels
9 Global Dairy Alternatives Market, By Application
9.1 Introduction
9.2 Beverages
9.3 Cooking & Baking Ingredients
9.4 Infant Formula
9.5 Health & Wellness Products
9.6 Other Applications
10 Global Dairy Alternatives Market, By End User
10.1 Introduction
10.2 Vegetarian/Vegan Consumers
10.3 Lactose-Intolerant Consumers
10.4 Health-Conscious Consumers
10.5 Other End Users
11 Global Dairy Alternatives Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Alpro
13.2 Oatly
13.3 Lactalis
13.4 So Delicious
13.5 Califia Farms
13.6 Ripple Foods
13.7 Elmhurst
13.8 Malk Organics
13.9 Nutpods
13.10 Vitasoy
13.11 Hain Celestial
13.12 Brew Dr. Kombucha
13.13 Rude Health
13.14 Forager Project
13.15 Synthite Industries
List of Tables
1 Global Dairy Alternatives Market Outlook, By Region (2022-2030) ($MN)
2 Global Dairy Alternatives Market Outlook, By Product (2022-2030) ($MN)
3 Global Dairy Alternatives Market Outlook, By Plant-Based Milks (2022-2030) ($MN)
4 Global Dairy Alternatives Market Outlook, By Plant-Based Yogurts (2022-2030) ($MN)
5 Global Dairy Alternatives Market Outlook, By Plant-Based Cheeses (2022-2030) ($MN)
6 Global Dairy Alternatives Market Outlook, By Plant-Based Ice Creams (2022-2030) ($MN)
7 Global Dairy Alternatives Market Outlook, By Plant-Based Butters (2022-2030) ($MN)
8 Global Dairy Alternatives Market Outlook, By Other Products (2022-2030) ($MN)
9 Global Dairy Alternatives Market Outlook, By Form (2022-2030) ($MN)
10 Global Dairy Alternatives Market Outlook, By Liquid (2022-2030) ($MN)
11 Global Dairy Alternatives Market Outlook, By Powder (2022-2030) ($MN)
12 Global Dairy Alternatives Market Outlook, By Frozen (2022-2030) ($MN)
13 Global Dairy Alternatives Market Outlook, By Concentrates (2022-2030) ($MN)
14 Global Dairy Alternatives Market Outlook, By Source (2022-2030) ($MN)
15 Global Dairy Alternatives Market Outlook, By Soy (2022-2030) ($MN)
16 Global Dairy Alternatives Market Outlook, By Almond (2022-2030) ($MN)
17 Global Dairy Alternatives Market Outlook, By Coconut (2022-2030) ($MN)
18 Global Dairy Alternatives Market Outlook, By Oat (2022-2030) ($MN)
19 Global Dairy Alternatives Market Outlook, By Cashew (2022-2030) ($MN)
20 Global Dairy Alternatives Market Outlook, By Other Sources (2022-2030) ($MN)
21 Global Dairy Alternatives Market Outlook, By Distribution Channel (2022-2030) ($MN)
22 Global Dairy Alternatives Market Outlook, By Supermarkets/Hypermarkets (2022-2030) ($MN)
23 Global Dairy Alternatives Market Outlook, By Convenience Stores (2022-2030) ($MN)
24 Global Dairy Alternatives Market Outlook, By Specialty Stores (2022-2030) ($MN)
25 Global Dairy Alternatives Market Outlook, By Online Retail (2022-2030) ($MN)
26 Global Dairy Alternatives Market Outlook, By Other Distribution Channels (2022-2030) ($MN)
27 Global Dairy Alternatives Market Outlook, By Application (2022-2030) ($MN)
28 Global Dairy Alternatives Market Outlook, By Beverages (2022-2030) ($MN)
29 Global Dairy Alternatives Market Outlook, By Cooking & Baking Ingredients (2022-2030) ($MN)
30 Global Dairy Alternatives Market Outlook, By Infant Formula (2022-2030) ($MN)
31 Global Dairy Alternatives Market Outlook, By Health & Wellness Products (2022-2030) ($MN)
32 Global Dairy Alternatives Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Dairy Alternatives Market Outlook, By End User (2022-2030) ($MN)
34 Global Dairy Alternatives Market Outlook, By Vegetarian/Vegan Consumers (2022-2030) ($MN)
35 Global Dairy Alternatives Market Outlook, By Lactose-Intolerant Consumers (2022-2030) ($MN)
36 Global Dairy Alternatives Market Outlook, By Health-Conscious Consumers (2022-2030) ($MN)
37 Global Dairy Alternatives Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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