
Dairy Alternative Beverages Market Size, Trends, Analysis, and Outlook By Variety (Almond Milk, Soy Milk, Oats Milk, Coconut Milk, Cashew Milk, Others), By Type (Unflavored, Flavored), By Form (Powder, Liquid), By Application (Ice Creams, Desserts, Cheese
Description
Dairy Alternative Beverages Market Size, Trends, Analysis, and Outlook By Variety (Almond Milk, Soy Milk, Oats Milk, Coconut Milk, Cashew Milk, Others), By Type (Unflavored, Flavored), By Form (Powder, Liquid), By Application (Ice Creams, Desserts, Cheese, Yoghurt, Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Grocery Stores, Online, Others), by Country, Segment, and Companies, 2024-2032
Global Dairy Alternative Beverages Market Size is valued at $21.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 11.8% to reach $51.7 Billion by 2032.
The dairy alternative beverages market is witnessing growth driven by rising consumer demand for plant-based and lactose-free options. The trend towards health and wellness is boosting market expansion for dairy alternatives made from almonds, oats, soy, and coconut. Innovations in formulations, flavors, and nutritional profiles are enhancing market potential, encouraging manufacturers to explore diverse dairy alternative beverage offerings.
Dairy Alternative Beverages Market Drivers, Trends, Opportunities, and Growth Opportunities
The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Dairy Alternative Beverages survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Dairy Alternative Beverages industry.
Key market trends defining the global Dairy Alternative Beverages demand in 2025 and Beyond
The Dairy Alternative Beverages industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.
Dairy Alternative Beverages Market Segmentation- Industry Share, Market Size, and Outlook to 2032
Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.
Key strategies adopted by companies within the Dairy Alternative Beverages industry
Leading Dairy Alternative Beverages companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Dairy Alternative Beverages companies.
Dairy Alternative Beverages Market Study- Strategic Analysis Review
The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
The Dairy Alternative Beverages industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.
Dairy Alternative Beverages Country Analysis and Revenue Outlook to 2032
The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.
North America Dairy Alternative Beverages Market Size Outlook- Companies plan for focused investments in a changing environment
The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Dairy Alternative Beverages market segments. Similarly, strong market demand encourages Canadian Dairy Alternative Beverages companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.
Europe Dairy Alternative Beverages Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.
The German Dairy Alternative Beverages industry remains the major market for companies in the European Dairy Alternative Beverages industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Dairy Alternative Beverages market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.
Asia Pacific Dairy Alternative Beverages Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Dairy Alternative Beverages in Asia Pacific. In particular, China, India, and South East Asian Dairy Alternative Beverages markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.
Latin America Dairy Alternative Beverages Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Dairy Alternative Beverages Market Size Outlook- continues its upward trajectory across segments.
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Dairy Alternative Beverages market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Dairy Alternative Beverages.
Dairy Alternative Beverages Company Profiles
The global Dairy Alternative Beverages market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Alpro Ltd, Bio Nutrients Pvt. Ltd, Blue Diamond Growers, Hershey India Private Ltd, Holista Tranzworld Ltd, NOW Foods, Pacific Foods of Oregon LLC, The Hain Celestial Group, Vitasoy Australia, White Wave Foods Company.
Recent Dairy Alternative Beverages Market Developments
The global Dairy Alternative Beverages market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Dairy Alternative Beverages Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
By Variety
Almond Milk
Soy Milk
Oats Milk
Coconut Milk
Cashew Milk
Others
By Type
Unflavored
Flavored
By Form
Powder
Liquid
By Application
Ice Creams
Desserts
Cheese
Yoghurt
Others
By Distribution Channel
Supermarkets/Hypermarkets
Specialty Stores
Grocery Stores
Online
Others
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Alpro Ltd
Bio Nutrients Pvt. Ltd
Blue Diamond Growers
Hershey India Private Ltd
Holista Tranzworld Ltd
NOW Foods
Pacific Foods of Oregon LLC
The Hain Celestial Group
Vitasoy Australia
White Wave Foods Company
Formats Available: Excel, PDF, and PPT
Table of Contents
190 Pages
- Chapter 1: Executive Summary
- 1.1 Study Scope
- 1.2 Market Definition
- 1.3 Report Guide
- 1.3.1 Country Coverage
- 1.3.2 Companies Profiled
- 1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
- 1.3.4 Units
- 1.4 Abbreviations
- Chapter 2. Dairy Alternative Beverages Market Overview- 2025
- 2.1 An Introduction to the Global Dairy Alternative Beverages Markets
- 2.2 Key Statistics
- 2.3 Region Benchmarking, 2024
- 2.4 Country Positioning Matrix, 2024
- Chapter 3. Strategic Analysis Review
- 3.1 Dairy Alternative Beverages Industry Stakeholders
- 3.2 Value Chain Analysis
- 3.3 Porter’s Five Forces Analysis
- 3.4 SWOT Profile
- 3.5 Recent Market Developments
- Chapter 4. Impact Analysis and Scenario Forecasts
- 4.1 Russia-Ukraine Conflict Analysis
- 4.2 COVID-19: Post Pandemic Recovery Analysis
- 4.3 US Inflation and Sluggish Growth in China
- 4.4 Focus on Sustainability
- 4.5 Low Growth Case Scenario: Global Dairy Alternative Beverages Market Outlook to 2032
- 4.6 Reference Case Scenario: Global Dairy Alternative Beverages Market Outlook to 2032
- 4.7 High Growth Case Scenario: Global Dairy Alternative Beverages Market Outlook to 2032
- Chapter 5: Dairy Alternative Beverages Market Dynamics
- 5.1 Key Dairy Alternative Beverages Market Trends
- 5.2 Potential Dairy Alternative Beverages Market Opportunities
- 5.3 Key Market Challenges
- Chapter 6: Global Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 6.1 Global Market Outlook by Segments, 2021 to 2032
- 6.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 6.3 Global Market Outlook by Region, 2021 to 2032
- Chapter 7: North America Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 7.1 North America Market Outlook by Segments, 2021- 2032
- 7.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 7.3 North America Market Outlook by Country, 2021- 2032
- 7.3.1 United States Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 7.3.2 Canada Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 7.3.3 Mexico Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- Chapter 8: Europe Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 8.1 Europe Market Outlook by Segments, 2021- 2032
- 8.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 8.3 Europe Market Outlook by Country, 2021- 2032
- 8.3.1 Germany Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.2 France Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.3 United Kingdom Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.4 Spain Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.5 Italy Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.6 Russia Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 8.3.7 Rest of Europe Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- Chapter 9: Asia Pacific Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
- 9.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 9.3 Asia Pacific Market Outlook by Country, 2021- 2032
- 9.3.1 China Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.2 India Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.3 Japan Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.4 South Korea Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.5 Australia Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.6 South East Asia Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 9.3.7 Rest of Asia Pacific Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- Chapter 10: South America Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 10.1 South America Market Outlook by Segments, 2021- 2032
- 10.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 10.3 South America Market Outlook by Country, 2021- 2032
- 10.3.1 Brazil Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 10.3.2 Argentina Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 10.3.3 Rest of South America Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- Chapter 11: Middle East and Africa Dairy Alternative Beverages Market Analysis and Outlook to 2032
- 11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
- 11.2 Variety
- Almond Milk
- Soy Milk
- Oats Milk
- Coconut Milk
- Cashew Milk
- Others
- Type
- Unflavored
- Flavored
- Form
- Powder
- Liquid
- Application
- Ice Creams
- Desserts
- Cheese
- Yoghurt
- Others
- Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Grocery Stores
- Online
- Others
- 11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
- 11.3.1 Saudi Arabia Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 11.3.2 The UAE Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 11.3.3 Rest of Middle East Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 11.3.4 South Africa Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- 11.3.4 Rest of Africa Dairy Alternative Beverages Market Size Forecast, 2021- 2032
- Chapter 12: Competitive Landscape
- 12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
- 12.2 Key Companies Profiled in the Study
- 12.3 Alpro Ltd
- Bio Nutrients Pvt. Ltd
- Blue Diamond Growers
- Hershey India Private Ltd
- Holista Tranzworld Ltd
- NOW Foods
- Pacific Foods of Oregon LLC
- The Hain Celestial Group
- Vitasoy Australia
- White Wave Foods Company
- Chapter 13: Sources and Research Methodology
- 13.1 Primary and Secondary Sources
- 13.2 Research Methodology
- 13.3 Data Triangulation and Validation
- 13.4 Assumptions and Limitations
- 13.5 Forecast Methodology
- Appendix
- A: Highlights of the Q4-2024 Version
- B: Conclusion and Future Recommendations
- C: Customization Options
- D: Contact Information
- List of Figures
- Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
- Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
- Figure 3: Population Outlook by Country, 2010- 2032
- Figure 4: Inflation Outlook by Country (%), 2024- 2032
- Figure 5: Global Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Figure 6: Global Dairy Alternative Beverages Market Outlook by Application, 2021- 2032
- Figure 7: Global Dairy Alternative Beverages Market Outlook by Region, 2021- 2032
- Figure 8: North America Dairy Alternative Beverages Market Snapshot, Q4-2024
- Figure 9: North America Dairy Alternative Beverages Market Size Forecast by Type, 2021- 2032
- Figure 10: North America Dairy Alternative Beverages Market Size Forecast by Application, 2021- 2032
- Figure 11: North America Dairy Alternative Beverages Market Share by Country, 2023
- Figure 12: Europe Dairy Alternative Beverages Market Snapshot, Q4-2024
- Figure 13: Europe Dairy Alternative Beverages Market Size Forecast by Type, 2021- 2032
- Figure 14: Europe Dairy Alternative Beverages Market Size Forecast by Application, 2021- 2032
- Figure 15: Europe Dairy Alternative Beverages Market Share by Country, 2023
- Figure 16: Asia Pacific Dairy Alternative Beverages Market Snapshot, Q4-2024
- Figure 17: Asia Pacific Dairy Alternative Beverages Market Size Forecast by Type, 2021- 2032
- Figure 18: Asia Pacific Dairy Alternative Beverages Market Size Forecast by Application, 2021- 2032
- Figure 19: Asia Pacific Dairy Alternative Beverages Market Share by Country, 2023
- Figure 20: South America Dairy Alternative Beverages Market Snapshot, Q4-2024
- Figure 21: South America Dairy Alternative Beverages Market Size Forecast by Type, 2021- 2032
- Figure 22: South America Dairy Alternative Beverages Market Size Forecast by Application, 2021- 2032
- Figure 23: South America Dairy Alternative Beverages Market Share by Country, 2023
- Figure 24: Middle East and Africa Dairy Alternative Beverages Market Snapshot, Q4-2024
- Figure 25: Middle East and Africa Dairy Alternative Beverages Market Size Forecast by Type, 2021- 2032
- Figure 26: Middle East and Africa Dairy Alternative Beverages Market Size Forecast by Application, 2021- 2032
- Figure 27: Middle East and Africa Dairy Alternative Beverages Market Share by Country, 2023
- Figure 28: United States Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 29: Canada Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 30: Mexico Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 31: Germany Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 32: France Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 33: United Kingdom Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 34: Spain Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 35: Italy Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 36: Russia Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 37: Rest of Europe Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 38: China Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 39: India Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 40: Japan Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 41: South Korea Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 42: Australia Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 43: South East Asia Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 44: Rest of APAC Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 45: Brazil Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 46: Argentina Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 47: Rest of LATAM Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 48: Saudi Arabia Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 49: UAE Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 50: South Africa Dairy Alternative Beverages Market Size Outlook, $ Million, 2021- 2032
- Figure 51: Research Methodology
- Figure 52: Forecast Methodology
- List of Tables
- Table 1: Market Scope and Segmentation
- Table 2: Global Dairy Alternative Beverages Market Size Outlook, $Million, 2021 to 2032
- Table 3: Low Case Scenario Forecasts
- Table 4: Reference Case Scenario Forecasts
- Table 5: High Growth Scenario Forecasts
- Table 6: Global Dairy Alternative Beverages Market Size Outlook by Segments, 2021- 2032
- Table 7: Global Dairy Alternative Beverages Market Size Outlook by Region, 2021- 2032
- Table 8: Country Mapping, 2023 vs. 2032
- Table 9: North America- Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Table 10: North America- Dairy Alternative Beverages Market Outlook by Country, 2021- 2032
- Table 11: Europe - Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Table 12: Europe - Dairy Alternative Beverages Market Outlook by Country, 2021- 2032
- Table 13: Asia Pacific - Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Table 14: Asia Pacific - Dairy Alternative Beverages Market Outlook by Country, 2021- 2032
- Table 15: South America- Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Table 16: South America- Dairy Alternative Beverages Market Outlook by Country, 2021- 2032
- Table 17: Middle East and Africa - Dairy Alternative Beverages Market Outlook by Type, 2021- 2032
- Table 18: Middle East and Africa - Dairy Alternative Beverages Market Outlook by Country, 2021- 2032
- Table 19: Business Snapshots of Leading Dairy Alternative Beverages Companies
- Table 20: Product Profiles of Leading Dairy Alternative Beverages Companies
- Table 21: SWOT Profiles of Leading Dairy Alternative Beverages Companies
Pricing
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