Dairy Alternative Trends and Forecast
The future of the global dairy alternative market looks promising with opportunities in the milk, ice cream, yogurt, cheese, and butter markets. The global dairy alternative market is expected to reach an estimated $48.0 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are shift in consumer eating patterns and changes in diet trends, rising numbers of people with lactose intolerances and milk allergies, as well as, growing customer appetite for high-quality items is driving up spending on skin care products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Dairy Alternative by Segment
The study includes a forecast for the global dairy alternative by source, formulation, distribution channel, application, and region.
Dairy Alternative Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Soy
• Almond
• Coconut
• Rice
• Oats
• Hemp
• Others
Dairy Alternative Market by Formulation [Shipment Analysis by Value from 2018 to 2030]:
• Flavored
• Plain
Dairy Alternative Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Retail
• Food Service
• Online Stores
Dairy Alternative Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Milk
• Ice Cream
• Yogurt
• Cheese
• Butter
• Others
Dairy Alternative Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Dairy Alternative Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies dairy alternative companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the dairy alternative companies profiled in this report include-
• Danone North America Public Benefit Corporation
• Hain Celestial
• Blue Diamond Growers
• Freedom Foods Group
• ADM
• Whitewave Foods
• CP Kelco
• Living Harvest Foods
• Organic Valley Family of Farms
• Vitasoy
Dairy Alternative Market Insights
Lucintel forecasts that soy will remain the largest segment over the forecast period due to rise in consumer preference for plant-based products.
Within this market, milk will remain the largest segment due to growing old age population has resulted in people preferring milk-based alternatives.
APAC will remain the largest region over the forecast period due to rising disposable incomes and growing populations in developing nations like China, Japan, and India.
Features of the Global Dairy Alternative Market
Market Size Estimates: Dairy alternative market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Dairy alternative market size by source, formulation, distribution channel, application, and region in terms of value ($B).
Regional Analysis: Dairy alternative market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different source, formulation, distribution channel, application, and regions for the dairy alternative market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the dairy alternative market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the dairy alternative market size?
Answer: The global dairy alternative market is expected to reach an estimated $48.0 billion by 2030.
Q2. What is the growth forecast for dairy alternative market?
Answer: The global dairy alternative market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the dairy alternative market?
Answer: The major drivers for this market are shift in consumer eating patterns and changes in diet trends, rising numbers of people with lactose intolerances and milk allergies, as well as, growing customer appetite for high-quality items is driving up spending on skin care products.
Q4. What are the major segments for dairy alternative market?
Answer: The future of the global dairy alternative market looks promising with opportunities in the milk, ice cream, yogurt, cheese, and butter markets.
Q5. Who are the key dairy alternative market companies?
Answer: Some of the key dairy alternative companies are as follows:
• Danone North America Public Benefit Corporation
• Hain Celestial
• Blue Diamond Growers
• Freedom Foods Group
• ADM
• Whitewave Foods
• CP Kelco
• Living Harvest Foods
• Organic Valley Family of Farms
• Vitasoy
Q6. Which dairy alternative market segment will be the largest in future?
Answer: Lucintel forecasts that soy will remain the largest segment over the forecast period due to rise in consumer preference for plant-based products.
Q7. In dairy alternative market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rising disposable incomes and growing populations in developing nations like China, Japan, and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the dairy alternative market by source (soy, almond, coconut, rice, oats, hemp, and others), formulation (flavored and plain), distribution channel (retail, food service, and online stores), application (milk, ice cream, yogurt, cheese, butter, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Dairy Alternative Market, Dairy Alternative Market Size, Dairy Alternative Market Growth, Dairy Alternative Market Analysis, Dairy Alternative Market Report, Dairy Alternative Market Share, Dairy Alternative Market Trends, Dairy Alternative Market Forecast, Dairy Alternative Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.