The IMARC Group provides extensive analysis of the dairy alternatives industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on the dairy alternatives market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.

Informed covered in the report:

  • Historical market data from 2016-2021
  • CAGR of the market during the forecast period 2022-2027
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the Keyword market size and its contribution to the parent market
  • Upcoming market trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on key players
  • Comprehensive details of factors that will challenge the growth of smart meters market key players

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Dairy alternatives are dairy-free food products that are sourced from plants. They are used as a major substitute for animal-based milk and milk-based products, such as butter, cheese and yogurt. These substitutes, including soy, oats, rice, almond and coconut milk and related products, are characterized by similar taste and texture while being considered a healthier option to their traditional counterparts. They are rich in iron, calcium, iodine, zinc, riboflavin, vitamins, minerals, magnesium and potassium, as well as low in fat and calories. Consequently, their consumption is widely associated with improving bone structure, repairing damaged cells, enhancing brain functioning and assisting in weight loss.

Market Trends and Drivers:

The global dairy alternatives market is primarily driven by the increasing numbers of lactose intolerant individuals, along with the growing incidences of food allergies among the masses. Dairy alternatives are easily digestible and do not cause gastric problems, due to which there has been a rise in their adoption. The emerging trend of veganism and the growing consciousness regarding its benefits is acting as another major growth-inducing factor. There has also been an increasing demand for fortified dairy alternatives with improved nutritional value. This, along with the shifting dietary preferences of the consumers, inflating disposable incomes and the willingness to experiment with new flavors, has impelled manufacturers to introduce numerous flavored, sweetened and unsweetened product variants in the market that are rich in calcium, vitamin D and DHA . Furthermore, manufacturers are also upgrading their production processes to enhance the yield and nutritional content of the substitutes. Advanced non-thermal processing technologies, including ultra-high pressure homogenization and pulsed electric field processing, are expected to be used for the production of these plant-based dairy products in the near future. Their utilization is anticipated to improve the emulsion stability and extend the shelf life of the products, thereby creating a positive outlook for the market.

Key Market Segmentation:

The report has segmented the global dairy alternatives market on the basis of source, formulation, nutrient, distribution channel, product type and region.

Breakup by Source:

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

Breakup by Formulation:

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
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Competitive Landscape With Key Players:

The competitive landscape of the dairy alternatives market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Blue Diamond Growers
  • Dohler GmbH
  • Earth’s Own Food Company
  • Eden Foods
  • Freedom Foods Group
  • Nutriops SL
  • Organic Valley
  • Panos Brands
  • Sanitarium Health and Wellbeing Company
  • SunOpta Inc.
  • The Hain Celestial
  • The Whitewave Foods Company

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures:

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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