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Global Dairy Alternative Beverages Market 2015-2019

Market outlook of dairy alternative drinks

Technavio's market research analyst predicts the global dairy alternative drinks market to grow steadily at a CAGR of approximately 15% between 2015 and 2019. The nutritional benefits of dairy alternative drinks are the key growth drivers of this market. Dairy alternative drinks are plant-based milk made from cereals, nuts, and seeds. Health issues such as lactose intolerance, milk allergy, and the genetic disorder such as Phenylketonuria can be resolved by taking dairy alternative beverages as these are plant based milk and are free from animal proteins. Moreover, they have low-fat and low-cholesterol levels, making them a popular choice for health-conscious consumers and vegans.

The growing demand for almond milk is expected to aid the market growth during the forecast period Almond milk is a good source of unsaturated fats, is rich in proteins and omega fatty acids, and is derived from natural almond oils. It helps in improving vision, strengthens the bone, maintains cardiovascular health, building strong muscles, aids in controlling the blood pressure, and can also be used as a substitute for breast milk.

Product segmentation and analysis of the dairy alternative drinks market

Almond milk
Rice milk
Soy milk
Others (coconut milk, hazelnut milk, hemp milk, and oat milk)
The almond milk segment dominated the market during 2014, accounting for a market share of around 38%. Almond milk aids in improving the immune function and helps in reducing the risk of osteoporosis. Moreover, it contains no hormones and is prescribed by dermatologists to patients with acne.

Geographical segmentation and analysis of the dairy alternative drinks market

Americas
APAC
Europe
ROW
APAC accounted for around 45% of the market share during 2014 and is expected to retain its market leadership until the end of the forecast period. The market is witnessing a huge demand for dairy alternative drinks from developing countries such as China, India, and Indonesia. The high demand for dairy alternative beverages coupled with the increasing number of people with dairy allergies is expected to drive the market growth in this region.

Competitive landscape and key vendors

The global dairy alternative drinks market is fragmented with small and large vendors. The manufacturers of the products compete on the basis of added health benefits, product differentiation, category extension, and innovation in product and pricing. The competition in the market is expected to intensify further during the forecast period due to the introduction of new product developments.

The leading vendors in the market are -

Blue Diamond Growers
Earth's Own Food
Eden Foods
Freedom Foods
Living Harvest Foods
Organic Valley
Pure Harvest
The other prominent vendors in the market include Grupo Leche Pascual Sa, Oatly AB, Pacific Natural Foods, Panos Brands, Stremicks Heritage Foods, SunOpta, Turtle Mountain, and Vitasoy International.

Key questions answered in the report include

What will the market size and the growth rate be in 2019?
What are the key factors driving the global dairy-alternative drinks market?
What are the key market trends impacting the growth of the dairy alternative drinks market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global dairy-alternative drinks market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
What are the key outcomes of the five forces analysis of the dairy alternative drinks market?
Related reports:

Global Dairy Alternative Beverages Market 2014-2018
Dairy Products Market in China 2015-2019
Dairy Food Market in GCC Countries 2015-2019
Global Dairy Food Market 2014-2018


Press Release

Technavio Announces the Publication of its Research Report – Global Dairy-alternative Drinks Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Dairy-alternative Drinks Market: Blue Diamond Growers, Earth's Own Food, Eden Foods, Freedom Foods, Living Harvest Foods, Organic Valley and Pure Harvest

Other Prominent Vendors in the market are: Grupo Leche Pascual Sa, Oatly AB, Pacific Natural Foods, Panos Brands, Stremicks Heritage Foods, SunOpta, Turtle Mountain, and Vitasoy International.

Commenting on the report, an analyst from Technavio’s team said: “People are adopting vegan diets as a result of ethical concerns toward animals, for a better environment, and for a healthy world. Another major trend is the increase in problems pertaining to digestion. The combined effects of these drivers and trends are expected to contribute to the growth of the global dairy-alternative drinks market during the forecast period.”

According to the report, the wide assortment of dairy-alternative drink products is one of the major drivers in the market. The wide range of dairy-alternative drink products present in the market provides consumers with plenty of choice. Each category has expanded its product line to include sweetened, unsweetened, organic, flavored, and fat-free.

Further, the report states that the effects of natural disasters and adverse weather conditions are a major challenge limiting the growth of the market.

Companies Mentioned

Blue Diamond Growers, Earth's Own Food, Eden Foods, Freedom Foods, Living Harvest Foods, Organic Valley, Pure Harvest, Grupo Leche Pascual Sa, Oatly AB, Pacific Natural Foods, Panos Brands, Stremicks Heritage Foods, SunOpta, Turtle Mountain, and Vitasoy International.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global dairy alternative drinks market segmentation
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global dairy-alternative drinks market
    • Market size and forecast
      • Table Global dairy-alternative drinks market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global dairy-alternative drinks market by product type
      • Table Global dairy-alternative drinks market by product 2014
      • Table Global dairy-alternative drinks market by product 2019
    • Global dairy-alternative drinks market by almond milk
      • Table Global dairy-alternative drinks market by almond milk 2014-2019 ($ billions)
    • Global dairy-alternative drinks market by soy milk
      • Table Global dairy-alternative drinks market by soy milk 2014-2019 ($ billions)
    • Global dairy-alternative drinks market by rice milk
      • Table Global dairy-alternative drinks market by rice milk 2014-2019 ($ billions)
    • Global dairy-alternative drinks market by other segment
      • Table Global dairy-alternative drinks market by other segment 2014-2019 ($ billions)
  • Geographical segmentation
    • Dairy-alternative drinks by geography
      • Table Dairy-alternative drinks market by geography 2014
      • Table Dairy-alternative drinks market by geography 2019
    • Dairy-alternative drinks market in APAC
      • Table Dairy-alternative drinks market in APAC 2014-2019 ($ billions)
    • Dairy-alternative drinks market in Americas
      • Table Dairy-alternative drinks market in Americas 2014-2019 ($ billions)
    • Dairy-alternative drinks market in Europe
      • Table Dairy-alternative drinks market in Europe 2014-2019 ($ billions)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Table Dairy-alternative drink varieties
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Country-wise natural disasters by type in 2014
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Leading vendors in the global dairy-alternative drinks market
    • Key Vendors
    • Other prominent vendors
  • Key vendor analysis
    • Blue Diamond Growers
    • Earth's Own Food Company
      • Table Earth's Own Food Company: Product segmentation
    • Eden Foods
    • Freedom Foods
      • Table Freedom Foods: Business segmentation by revenue 2015
      • Table Freedom Foods: Business segmentation by revenue 2014 and 2015 ($ millions)
    • Living Harvest Foods
      • Table Living Harvest Foods: Product segmentation
    • Organic Valley
      • Table Organic Valley: Product categories
    • Pure Harvest
      • Table Pure Harvest: Products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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