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Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published May 29, 2023
Length 144 Pages
SKU # IMRC17986238

Description

Dairy Alternatives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview 2023-2028:

The global dairy alternatives market size reached US$ 28.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 52.7 Billion by 2028, exhibiting a growth rate (CAGR) of 11% during 2023-2028.

Dairy alternatives refer to various food and beverages that are used as a substitute for animal-derived milk and milk-based products. These products are derived from plant-based sources, such as nuts and seeds and are a rich source of essential nutrients, such as calcium, vitamins, minerals, iron, potassium and magnesium. They also have minimal levels of fat and calories and are usually consumed by individuals suffering from lactose intolerance. Rice, coconut, cashew, oat, almond and soymilk are the commonly available dairy alternatives. They aid in weight management, maintaining a healthy nervous system, red blood cell (RBC) levels and brain functioning.

Dairy Alternatives Market Trends:



The increasing prevalence of chronic medical ailments, such as diabetes, cardiovascular (CVD) and gastrointestinal diseases, along with the growing number of people with lactose intolerance, is one of the key factors driving the growth of the market. Rising awareness regarding the benefits of consuming dairy alternatives is projected to drive the dairy alternatives market further. In comparison to the traditionally used dairy products, these alternatives are easily digested and do not cause painful bloating and other gastric problems. Additionally, the emerging trend of veganism across the globe and various technological advancements in the production processes of these products, are also contributing to the market growth. For instance, manufacturers are utilizing ultra-high temperature (UHT) processing and enzymatic liquefaction processes to enhance the yield and nutritional content of the products. Other factors, including the availability of various sweetened, flavored and unsweetened variants, aggressive promotional activities by the manufacturers and rapid urbanization across the globe, are expected to drive the global dairy alternatives market in the upcoming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy alternatives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, formulation, nutrient, distribution channel and product type.

Breakup by Source:

Almond
Soy
Oats
Hemp
Coconut
Rice
Others

Breakup by Formulation:

Plain

Sweetened
Unsweetened

Flavored

Sweetened
Unsweetened

Breakup by Nutrient:

Protein
Starch
Vitamin
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Product Type:

Cheese
Creamers
Yogurt
Ice Creams
Milk
Others

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Blue Diamond Growers, Döhler GmbH, Earth’s Own Food Company Inc., Eden Foods, Inc., Freedom Foods Group, Nutriops S.L, Organic Valley, PANOS brands, Sanitarium, SunOpta Inc., Hain Celestial Group, Inc., The Whitewave Foods Company (Danone North America), Triballat Noyal, and Valsoia S.p.A.

Key Questions Answered in This Report:

What was the size of the global dairy alternatives market in 2022?

What is the expected growth rate of the global dairy alternatives market during 2023-2028?

What has been the impact of COVID-19 on the global dairy alternatives market?

What are the key factors driving the global dairy alternatives market?

What is the breakup of the global dairy alternatives market based on the source?

What is the breakup of the global dairy alternatives market based on the formulation?

What is the breakup of the global dairy alternatives market based on the nutrient?

What is the breakup of the global dairy alternatives market based on the distribution channel?

What is the breakup of the global dairy alternatives market based on the product type?

What are the key regions in the global dairy alternatives market?

Who are the key players/companies in the global dairy alternatives market?

Table of Contents

144 Pages
1 Preface
2 Scope and Methodology 
  2.1 Objectives of the Study
  2.2 Stakeholders
  2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
  2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
  2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
  4.1 Overview
  4.2 Key Industry Trends
5 Global Dairy Alternatives Market
  5.1 Market Overview
  5.2 Market Performance
  5.3 Impact of COVID-19
  5.4 Market Forecast
6 Market Breakup by Source
  6.1 Almond
6.1.1 Market Trends
6.1.2 Market Forecast
  6.2 Soy
6.2.1 Market Trends
6.2.2 Market Forecast
  6.3 Oats
6.3.1 Market Trends
6.3.2 Market Forecast
  6.4 Hemp
6.4.1 Market Trends
6.4.2 Market Forecast
  6.5 Coconut
6.5.1 Market Trends
6.5.2 Market Forecast
  6.6 Rice
6.6.1 Market Trends
6.6.2 Market Forecast
  6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Formulation
  7.1 Plain
7.1.1 Market Trends
7.1.2 Major Types 
7.1.2.1 Sweetened
7.1.2.2 Unsweetened
7.1.3 Market Forecast
  7.2 Flavored
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 Sweetened
7.2.2.2 Unsweetened
7.2.3 Market Forecast
8 Market Breakup by Nutrient
  8.1 Protein
8.1.1 Market Trends
8.1.2 Market Forecast
  8.2 Starch
8.2.1 Market Trends
8.2.2 Market Forecast
  8.3 Vitamin
8.3.1 Market Trends
8.3.2 Market Forecast
  8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
  9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
  9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
  9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
  9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10  Market Breakup by Product Type
  10.1 Cheese
10.1.1 Market Trends
10.1.2 Market Forecast
  10.2 Creamers
10.2.1 Market Trends
10.2.2 Market Forecast
  10.3 Yogurt
10.3.1 Market Trends
10.3.2 Market Forecast
  10.4 Ice Creams
10.4.1 Market Trends
10.4.2 Market Forecast
  10.5 Milk
10.5.1 Market Trends
10.5.2 Market Forecast
  10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11  Market Breakup by Region
  11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
  11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
  11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
  11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
  11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12  SWOT Analysis
  12.1 Overview
  12.2 Strengths
  12.3 Weaknesses
  12.4 Opportunities
  12.5 Threats
13  Value Chain Analysis
  13.1 Overview
  13.2 Inbound Logistics
  13.3 Operations
  13.4 Outbound Logistics
  13.5 Marketing and Sales
  13.6 End-Consumers
14  Porters Five Forces Analysis
  14.1 Overview
  14.2 Bargaining Power of Buyers
  14.3 Bargaining Power of Suppliers
  14.4 Degree of Competition
  14.5 Threat of New Entrants
  14.6 Threat of Substitutes
15  Price Analysis
  15.1 Key Price Indicators
  15.2 Price Structure
  15.3 Price Trends
16  Competitive Landscape
  16.1 Market Structure
  16.2 Key Players
  16.3 Profiles of Key Players
16.3.1 Blue Diamond Growers
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio 
16.3.2 Döhler GmbH
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio 
16.3.2.3 Financials
16.3.3 Earth’s Own Food Company Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio 
16.3.4 Eden Foods, Inc.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio 
16.3.5 Freedom Foods Group 
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio 
16.3.6 Nutriops S.L.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio 
16.3.7 Organic Valley
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio 
16.3.8 Panos Brands
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio 
16.3.9 Sanitarium
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio 
16.3.10 SunOpta Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio 
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Hain Celestial Group, Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio 
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 The Whitewave Foods Company (Danone North America)
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio 
16.3.13 Triballat Noyal 
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio 
16.3.14 Valsoia SpA
16.3.14.1 Company Overview
16.3.14.2 Product Portfolio 
16.3.14.3 Financials

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