Global Dairy Alternatives Market Size is valued at USD 28.9 Bn in 2024 and is predicted to reach USD 79.7 Bn by the year 2034 at a 10.8% CAGR during the forecast period for 2025-2034.
Dairy alternatives refer to plant-based goods that substitute conventional dairy items such as milk, cheese, and yoghurt. These options are consumed by individuals who experience lactose intolerance, possess dairy allergies, or adhere to vegan or plant-based dietary preferences. These products are crafted using components such as soy, almonds, oats, and coconut and provide choices that cater to different gourmet and dietary requirements. Dairy substitutes have experienced a surge in popularity and are regarded as more ecologically sustainable than conventional dairy farming. Dairy alternatives have garnered considerable interest from both traditional and emerging markets.
The rising prevalence of dairy allergy is likely to be blamed. Increases in health awareness and consumer purchasing have contributed to the development of the dairy alternatives industry. However, the market growth could be improved by the lack of awareness of the safety and health of dairy alternatives and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high humidity. Some people react adversely to certain foods because their immune systems react negatively to specific proteins in certain foods.
Some of the most common allergens are nuts and soy, which can trigger a wide range of reactions in sensitive people, from moderate hives to potentially fatal anaphylaxis. Soy proteins are a common allergen, and they are found in many dairy alternatives, such as soy milk, soy cheese, and soy yoghurt. Those with soy allergies were once told they could safely consume soybean oil and soy lecithin, but it's now been shown that these products still contain tiny amounts of soy protein and could trigger allergic reactions. The global dissemination of new coronaviruses is to blame. As a result of the COVID-19 pandemic, many sectors were shut down to limit the spread of the virus inside communities. The primary reasons that lead to slower market growth are a need for more available personnel, a shortage of available resources, and a slowed supply chain.
The dairy alternatives market is segmented based on source, application, and distribution channel. As per the source, the market is segmented into soy, almond, coconut, oats, and hemp. The application segment is segmented into milk, yoghurt, ice creams, cheese, and creamers. The distribution channel segment consists of retail, online stores, and food services.
The soy dairy alternatives market is expected to hold a significant global market share in 2024. Soy-based products are growing in popularity and consumption because of their high nutrient density. These items are considered superior dairy alternatives due to their high protein and calcium content.
The milk segment is projected to grow rapidly in the global dairy alternatives market. Plant-based milk is gaining popularity among customers as a healthier alternative to conventional cow's milk. Health concerns, including lactose intolerance and dairy allergies, have led many to switch to plant-based milk, especially in countries like the US, Germany, the UK, China, and India.
The North American dairy alternatives market is expected to register the maximum market share in revenue in the near future. It can be attributed to the increase in the use of soymilk, which is cheap and abundant. In response to the rising demand for non-dairy beverages and pasteurized soymilk as dairy alternatives, food producers are releasing new varieties of soymilk with a wide range of flavour profiles. In addition, Asia Pacific is estimated to grow rapidly in the global dairy alternatives market because people have less spare time and more money to spend. Within this movement, the popularity of dairy-free alternatives is forecast to expand at a quicker rate as a result of customer demand.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 28.9 Bn |
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Revenue Forecast In 2034 |
USD 79.7 Bn |
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Growth Rate CAGR |
CAGR of 10.8% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Source, By Application, By Formulation, By Nutrient, By Distribution Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ; France; Italy; Spain; South Korea; South East |
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Competitive Landscape |
Danone North America Public Benefit Corporation (US), The Hain Celestial Group, Inc. (US), Blue Diamond Growers (US), SunOpta (Canada), Freedom Food Group Limited, Valsoia S.P.A, Oatly GROUP AB, Sanitarium, EDEN Foods Inc, NUTRIOPS, SL, Earth's OWN, Triballat noyal, Green spot co., LTD, Hiland dairy, Elmhurst milked direct LLC, Panos brands, Pureharvest, One good, VLY, Miyoko's Creamery, Daiya foods INC. and others. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Dairy Alternatives Market Snapshot
Chapter 4. Global Dairy Alternatives Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Source Estimates & Trend Analysis
5.1. By Source, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Source:
5.2.1. Soy
5.2.2. Almond
5.2.3. Coconut
5.2.4. Rice
5.2.5. Oats
5.2.6. Hemp
5.2.7. Other Sources
Chapter 6. Market Segmentation 2: By Formulation Estimates & Trend Analysis
6.1. By Formulation & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Formulation:
6.2.1. Flavored
6.2.2. Plain
Chapter 7. Market Segmentation 3: By Application Estimates & Trend Analysis
7.1. By Application & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Application:
7.2.1. Milk
7.2.2. Ice Cream
7.2.3. Yogurt
7.2.4. Cheese
7.2.5. Creamers
7.2.6. Butter
7.2.7. Other Applications
Chapter 8. Market Segmentation 4: By Distribution Channel Estimates & Trend Analysis
8.1. By Distribution Channel & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Distribution Channel:
8.2.1. Retail
8.2.1.1. Supermarkets/Hypermarkets
8.2.1.2. Health Food Stores
8.2.1.3. Pharmacies
8.2.1.4. Convenience Stores
8.2.1.5. Other Retail Channels
8.2.2. Foodservice
8.2.3. Online Stores
Chapter 9. Market Segmentation 5: By Nutrient Estimates & Trend Analysis
9.1. By Nutrient & Market Share, 2024 & 2034
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Nutrient:
9.2.1. Protein
9.2.2. Starch
9.2.3. Vitamins
9.2.4. Other Nutrients
Chapter 10. Dairy Alternatives Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts By Source, 2021-2034
10.1.2. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts By Formulation, 2021-2034
10.1.3. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts By Application, 2021-2034
10.1.4. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts By Distribution Channel, 2021-2034
10.1.5. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts By Nutrient, 2021-2034
10.1.6. North America Dairy Alternatives Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
10.2. Europe
10.2.1. Europe Dairy Alternatives Market revenue (US$ Million) By Source, 2021-2034
10.2.2. Europe Dairy Alternatives Market revenue (US$ Million) By Formulation, 2021-2034
10.2.3. Europe Dairy Alternatives Market revenue (US$ Million) By Application, 2021-2034
10.2.4. Europe Dairy Alternatives Market revenue (US$ Million) By Distribution Channel, 2021-2034
10.2.5. Europe Dairy Alternatives Market revenue (US$ Million) By Nutrient, 2021-2034
10.2.6. Europe Dairy Alternatives Market revenue (US$ Million) by country, 2021-2034
10.3. Asia Pacific
10.3.1. Asia Pacific Dairy Alternatives Market revenue (US$ Million) By Source, 2021-2034
10.3.2. Asia Pacific Dairy Alternatives Market revenue (US$ Million) By Formulation, 2021-2034
10.3.3. Asia Pacific Dairy Alternatives Market revenue (US$ Million) By Application, 2021-2034
10.3.4. Asia Pacific Dairy Alternatives Market revenue (US$ Million) By Distribution Channel, 2021-2034
10.3.5. Asia Pacific Dairy Alternatives Market revenue (US$ Million) By Nutrient, 2021-2034
10.3.6. Asia Pacific Dairy Alternatives Market revenue (US$ Million) by country, 2021-2034
10.4. Latin America
10.4.1. Latin America Dairy Alternatives Market revenue (US$ Million) By Source, (US$ Million) 2021-2034
10.4.2. Latin America Dairy Alternatives Market revenue (US$ Million) By Formulation, (US$ Million) 2021-2034
10.4.3. Latin America Dairy Alternatives Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
10.4.4. Latin America Dairy Alternatives Market revenue (US$ Million) By Distribution Channel, (US$ Million) 2021-2034
10.4.5. Latin America Dairy Alternatives Market revenue (US$ Million) By Nutrient, (US$ Million) 2021-2034
10.4.6. Latin America Dairy Alternatives Market revenue (US$ Million) by country, 2021-2034
10.5. Middle East & Africa
10.5.1. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) By Source, (US$ Million) 2021-2034
10.5.2. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) By Formulation, (US$ Million) 2021-2034
10.5.3. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) By Application, (US$ Million) 2021-2034
10.5.4. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) By Distribution Channel, (US$ Million) 2021-2034
10.5.5. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) By Nutrient, (US$ Million) 2021-2034
10.5.6. Middle East & Africa Dairy Alternatives Market revenue (US$ Million) by country, 2021-2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Danone North America Public Benefit Corporation (US)
11.2.2. The Hain Celestial Group, Inc. (US)
11.2.3. Blue Diamond Growers (US)
11.2.4. Freedom Foods Group Limited (Australia)
11.2.5. Valsoia S.p.A (Italy)
11.2.6. SunOpta (Canada)
11.2.7. Qatly Group AB (Sweden)
11.2.8. Sanitarium (New Zealand)
11.2.9. Eden Foods, Inc. (US)
11.2.10. Triballat Noyal (France)
11.2.11. Earth’s Own Food Company Inc. (Canada)
11.2.12. Elmhurst Milked Direct LLC (New York)
11.2.13. Nutriops, S.L. (Spain)
11.2.14. Green Spot Co., Ltd. (Thailand)
11.2.15. Hiland Dairy (US)
11.2.16. Ripple Foods (US)
11.2.17. Kite Hill (US)
11.2.18. Califia Farms, LLC (US)
11.2.19. Rude Health (US)
11.2.20. Daiya Foods Inc. (Canada)
11.2.21. PureHarvest (Australia)
11.2.22. One Good (India)
11.2.23. Vly (Germany)
11.2.24. Miyoko’s Creamery (US)
11.2.25. PANOS Brand (US)
Dairy Alternatives Market By Source-
Dairy Alternatives Market By Application-
Dairy Alternatives Market By Formulation
Dairy Alternatives Market By Nutrient (Qualitative)
Dairy Alternatives Market By Distribution Channel-
Dairy Alternatives Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
