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Global dairy alternatives market size to record 11.4% CAGR through 2027

The report on ‘Global dairy alternatives market’ provides insights about the key trends, growth drivers, challenges, and opportunities that will govern the industry growth pattern over 2020-2027.

Selbyville, Delaware, Sept. 30, 2020 (GLOBE NEWSWIRE) — As per credible estimates, global dairy alternatives market size was valued at USD 19.2 billion in the year 2019 and is projected to record a y-o-y growth rate of 11.4% during 2020-2027. The growth is credited to shifting customer preference towards vegan diet. Cognizance regarding nutritional benefits provided by plant-based dairy alternatives, along with growing instances of lactose intolerance and milk allergies among individuals is impelling the demand for dairy alternatives.

According to the given report, global dairy alternatives market is assessed in terms of source type, application spectrum, nutrient type, formulation scope, distribution channel, and regional terrain. Besides, the document recognizes the competitive landscape of this business space while highlighting the product offerings and market share held by each leading organization. It also acknowledges the impact of COVID-19 on industry dynamics, while emphasizing on collaborations planned by major players to gain competitive edge in this industry vertical.

Notably, dairy alternatives are healthy food & beverage products, such as almond milk, rice milk, and soy milk, which are derived from plants. They have low fat content, as well as low cholesterol and zero lactose concentration.

As per Statista, 150 thousand people were recorded to be vegan in Great Britain in 2014 and the number increased to 600 thousand in the year 2018. Surging trend of veganism is propelling global dairy alternatives market size expansion.

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Growing advancements and other planned alliances undertaken by leading organizations are likely to create lucrative growth opportunities, augmenting global dairy alternatives market share. Citing an instance, Blue Diamond Growers, a California based agricultural cooperative company, on 16th May in 2019, amplified its non-dairy yogurt alternative segment by introducing Almond BreezeTM, a creamy almond milk yogurt with almond toppings.

Challenges to overcome:

The temporary shutdown of processing units to contain the rapid spread of coronavirus has created gap in supply and demand, thereby negatively impacting global dairy alternatives market growth. Moreover, fluctuating prices of raw materials will also pose as a major challenge for industry outlook.

Market segmentations:

Based on source type, global dairy alternatives market is divided into rice, coconut, hemp, oats, soy, almond, and others. Speaking of application spectrum, the industry is bifurcated into milk, ice creams, yogurt, creamers, cheese, and others. As per formulation type, the market is segmented into flavored and plain.

Elaborating on nutrient scope, worldwide dairy alternatives industry is split into vitamin, starch, protein, and others. Moving on to distribution channel, the market is categorized into online stores, convenience stores, pharmacies, health food stores, supermarkets, and others.

Evaluating regional landscape:

As per the industry experts, Asia Pacific presently holds considerable share of worldwide dairy alternatives market and is slated to expand further, owing to liberalization of foreign direct investment, diet diversification, and rapid urbanization in the region.

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Global Dairy Alternatives Market Growth by Source Type (Revenue, USD Billion, 2017-2027)

  • Rice
  • Coconut
  • Hemp
  • Oats
  • Soy
  • Almond
  • Others

Global Dairy Alternatives Market Outlook by Application Spectrum (Revenue, USD Billion, 2017-2027)

  • Milk
  • Ice Creams
  • Yogurt
  • Creamers
  • Cheese
  • Others

Global Dairy Alternatives Market Share by Formulation Type (Revenue, USD Billion, 2017-2027)

  • Flavored
  • Plain

Global Dairy Alternatives Market Tby Nutrient Type (Revenue, USD Billion, 2017-2027)

  • Vitamin
  • Starch
  • Protein
  • Others

Global Dairy Alternatives Market by Distribution Channel (Revenue, USD Billion, 2017-2027)

  • Online Stores
  • Convenience Stores
  • Pharmacies
  • Health Food stores
  • Supermarkets
  • Others

Global Dairy Alternatives Market Regional Landscape (Revenue, USD Billion, 2017-2027)

North America

  • Canada
  • U.S.


  • Italy
  • Spain
  • France
  • Germany
  • U.K.
  • Rest of Europe

Latin America

  • Brazil
  • Mexico

Asia Pacific

  • South Korea
  • Australia
  • Japan
  • India
  • China
  • Rest of Asia Pacific

Rest of the World

Global Dairy Alternatives Market Competitive Hierarchy (Revenue, USD Billion, 2017-2027)

  • Triballat Noyal SAS
  • Earth’s Own Food Company
  • Eden Foods Inc.
  • Freedom Foods Group Limited
  • Sanitarium Health Food Company
  • SunOpta Inc.
  • Blue Diamond Growers
  • The Hain Celestial Group Inc.
  • WhiteWave Foods Company

Table of Content:

Chapter 1. Executive Summary

1.1.      Market Snapshot

1.2.      Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1.   Dairy Alternatives Market, by Region, 2018-2027 (USD Billion)

1.2.2.   Dairy Alternatives Market, by Source, 2018-2027 (USD Billion)

1.2.3.   Dairy Alternatives Market, by Application, 2018-2027 (USD Billion)

1.2.4.   Dairy Alternatives Market, by Formulation, 2018-2027 (USD Billion)

1.2.5.   Dairy Alternatives Market, by Nutrient, 2018-2027 (USD Billion)

1.2.6.   Dairy Alternatives Market, by Distribution Channel, 2018-2027 (USD Billion)

1.3.      Key Trends

1.4.      Estimation Methodology

1.5.      Research Assumption

Chapter 2. Global Dairy Alternatives Market Definition and Scope

2.1.      Objective of the Study

2.2.      Market Definition & Scope

2.2.1.   Scope of the Study

2.2.2.   Industry Evolution

2.3.      Years Considered for the Study

2.4.      Currency Conversion Rates

Chapter 3. Global Dairy Alternatives Market Dynamics

3.1.      Dairy Alternatives Market Impact Analysis (2018-2027)

3.1.1.   Market Drivers

3.1.2.   Market Challenges

3.1.3.   Market Opportunities

Chapter 4. Global Dairy Alternatives Market Industry Analysis

4.1.      Porter’s 5 Force Model

4.2.      PEST Analysis

4.2.1.   Political

4.2.2.   Economical

4.2.3.   Social

4.2.4.   Technological

4.3.      Investment Adoption Model

4.4.      Analyst Recommendation & Conclusion

Chapter 5. Global Dairy Alternatives Market, by Source         

5.1.      Market Snapshot

5.2.      Global Dairy Alternatives Market by Source, Performance – Potential Analysis

5.3.      Global Dairy Alternatives Market Estimates & Forecasts by Source 2017-2027 (USD Billion)

5.4.      Dairy Alternatives Market, Sub Segment Analysis

5.4.1.   Almond

5.4.2.   Soy

5.4.3.   Oats

5.4.4.   Hemp

5.4.5.   Coconut

5.4.6.   Rice

5.4.7.   Others

Chapter 6. Global Dairy Alternatives Market, by Application         

6.1.      Market Snapshot

6.2.      Global Dairy Alternatives Market by Application, Performance – Potential Analysis

6.3.      Global Dairy Alternatives Market Estimates & Forecasts by Application 2017-2027 (USD Billion)

6.4.      Dairy Alternatives Market, Sub Segment Analysis

6.4.1.   Cheese

6.4.2.   Creamers

6.4.3.   Yogurt

6.4.4.   Ice Creams

6.4.5.   Milk

6.4.6.   Others

Chapter 7. Global Dairy Alternatives Market, by Formulation         

7.1.      Market Snapshot

7.2.      Global Dairy Alternatives Market by Formulation, Performance – Potential Analysis

7.3.      Global Dairy Alternatives Market Estimates & Forecasts by Formulation 2017-2027 (USD Billion)

7.4.      Dairy Alternatives Market, Sub Segment Analysis

7.4.1.   Plain

7.4.2.   Flavored

Chapter 8. Global Dairy Alternatives Market, by Nutrient         

8.1.      Market Snapshot

8.2.      Global Dairy Alternatives Market by Nutrient, Performance – Potential Analysis

8.3.      Global Dairy Alternatives Market Estimates & Forecasts by Nutrient 2017-2027 (USD Billion)

8.4.      Dairy Alternatives Market, Sub Segment Analysis

8.4.1.   Protein

8.4.2.   Starch

8.4.3.   Vitamin

8.4.4.   Others

Chapter 9. Global Dairy Alternatives Market, by Distribution Channel         

9.1.      Market Snapshot

9.2.      Global Dairy Alternatives Market by Distribution Channel, Performance – Potential Analysis

9.3.      Global Dairy Alternatives Market Estimates & Forecasts by Distribution Channel 2017-2027 (USD Billion)

9.4.      Dairy Alternatives Market, Sub Segment Analysis

9.4.1.   Supermarkets

9.4.2.   Health Food stores

9.4.3.   Pharmacies

9.4.4.   Convenience Stores

9.4.5.   Online stores

9.4.6.   Others

Chapter 10. Global Dairy Alternatives Market, Regional Analysis

 Related Report:

Global Dairy Alternatives Market Size, Share & Forecast, 2019 – 2025
Dairy Alternatives Market size is projected to witness more than 10% CAGR from 2019 to 2025, as per new research report. Increasing concern pertaining to lactose intolerance and high prevalence of related diseases such as bloating and diarrhea is supporting the dairy alternatives market share. As per the World Health Organization, 70% of the global population is lactose intolerant in 2017. Other key benefits gaining consumer attention include low cholesterol level and reduced calorie content.
The demand for flavored milk from soy, almond, coconut, rice, oats, and hemp are increasing due to improved vitamins & minerals uptake. Manufactures are focusing on developing new flavors in plant-based ice-cream & frozen yogurt for gaining competitive advantage.
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