Global Dairy Alternatives Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

Date : May 2020

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Report ID : 273

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Category : Food & Beverages

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Report Format:  PDF EXCEL PPT WORD

The global dairy alternatives market was valued at US$ 18,918.9 Mn in 2018 and is expected to reach US$ 40,901.2 Mn by 2026, growing at a CAGR of 10.1% during the forecast period.

Dairy alternatives are substitutes for milk, cheese, and butter, among other dairy products. Dairy alternatives are better for health and they have limited environmental impact compared to regular dairy products. Dairy alternatives include plant-based products such as non-dairy milk, yogurt, ice creams, and cheese & creamers, amongst others.

Dairy Alternatives Market Segmentation

By Type 1. Soy
2. Coconut
3. Rice
4. Almonds
5. Others
 
By Product 1. Milk
2. Ice Creams
3. Yogurt
4. Cheese & Creamer
5. Infant Formula
6. Others
 
By Formulation 1. Flavoured
2. Plain
 
By Sales Channel 1. Online
2. Offline


The growth of the dairy alternatives market is primarily driven by the rising consumer focus on nutritional value, increasing demand for plant-based dairy alternatives, and growth in the case count of lactose intolerance and milk allergies. Moreover, changing lifestyles of consumers across developed countries and growing production of dairy alternatives in developing countries are expected to create opportunities for manufacturers in the global market over the forecast period. However, volatile prices of raw materials and the uncertainty about future availability are expected to hamper the growth of the global dairy alternatives market in the coming years.

Global Dairy Alternatives Market Size, 2016-2026, (US$ Mn)

Dairy Alternatives Market

Based on type, soy dominated the market for dairy alternatives in 2018.

Soy is one of the most popular types of dairy alternatives owing to is low fat content (4.5g in 1 cup of serving), high protein content (8g in 1 cup of serving), high calcium content (300g in 1 cup of serving), and other nutritional value. Soymilk contains isoflavones, a phytonutrient which has cancer fighting properties. Soy-based dairy alternatives have various health benefits as they contain higher content of monounsaturated and polyunsaturated fats compared to saturated fats. Saturated fats are high in cholesterol that can cause heart problems, which can be avoided by people by consuming dairy alternatives. In addition to this, daily consumption of soy protein reduces LDL (low-density lipoproteins) cholesterol. As soymilk is the perfect alternative to conventional milk, its demand is increasing in the global dairy alternatives market.

Milk product type dominated the market segment for dairy alternatives product throughout the forecast period.

Based on product, the global dairy alternatives market has been segmented into milk, ice creams, yogurt, cheese & creamers, infant formula, and others. The milk product type accounted for approximately 24.07% share in the global dairy alternatives market in 2018.

Dairy alternative milk is most widely consumed, followed by ice creams, yogurt, and cheese & creamers. The key players in the dairy alternatives market are developing new products to cater to the rising consumer demand and to gain a competitive market share. For instance, in December 2018, Silk, a plant-based food manufacturer introduced a new line of oat milk named ‘Oat Yeah’ to cater to the rising consumer demand. In January 2014, Toats, an America-based vegan company launched oat milk in vanilla flavour. The market for dairy alternative milk primarily exists in urban areas where people are health conscious and are ready to try new products.

Based on sales channel, the supermarkets /hypermarkets segment is expected to grow at a CAGR of around 10.5% throughout the forecast period

Based on the distribution channel, the market has been segmented into online and offline distribution channels. The offline distribution channel is expected to hold the largest market share of 88.32% in 2026, owing to consumer preference for purchasing dairy alternatives daily and from convenience stores and supermarkets/hypermarkets. The supermarkets /hypermarkets sales channel, among the offline channel, held the largest share in the dairy alternatives market and is expected to grow at a CAGR of around 10.5% during the forecast period.

An increase in the development as well as the easy availability of fresh stocks across convenience stores in developing countries is expected to increase its market share in the global dairy alternatives market. However, the presence of unorganized and local unauthorized manufacturers is expected to hamper the growth of sales from supermarkets /hypermarkets in the global market.

Asia-Pacific to dominate the dairy alternatives market throughout the forecast period

Asia-Pacific accounted for 36.80% share of the global dairy alternatives market in 2018 and is expected to dominate the market throughout the forecast period. Rapid urbanization and liberalization of foreign direct investment in the food sector are the major driving factors for this regional market. Moreover, increasing awareness about the benefits of non-dairy milk and the tag of the largest producer of non-dairy milk products will increase the dominance of Asia Pacific region in the global dairy alternatives market in the future.

One of the major reasons behind the growing adoption of dairy alternatives is lactose intolerance among the population in this region. There are approximately forty times more people suffering from lactose intolerance in Asian countries compared to European countries. Approximately 90-100% adults in East Asia and 80% in Central Asia are lactose intolerant. During the period 2018-2023, lactose intolerance is expected to grow at a double rate in this region, which is further expected to accelerate the market demand for dairy alternatives. Asia Pacific is the major market for dairy alternative manufacturers, owing to the presence of a larger population suffering from lactose intolerance in the region.

Company Profiles and Competitive Intelligence:

The major players operating in the global dairy alternatives market are, Valsoia S.p.A., SunOpta,  Archer Daniels Midland Company, PACIFIC FOODS OF OREGON, LLC., Alpro, Daiya Foods Inc., GOOD KARMA FOODS, INC., Goya Foods, Inc., Pureharvest, Silk, Unilever, and Nestle, amongst others.

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Chapter 1 Preface

1.1 Report Description

1.1.1 Purpose of the Report

1.1.2 Target Audience

1.1.3 USP and Key Offerings

1.2 Research Scope

1.3 Research Methodology

1.3.1 Phase I – Secondary Research

1.3.2 Phase II – Primary Research

1.3.3 Phase III – Expert Panel Review

1.3.4 Approach Adopted

1.3.4.1 Top-Down Approach

1.3.4.2 Bottom-Up Approach

1.3.5 Assumptions

1.4 Market Segmentation Scope

Chapter 2 Executive Summary

2.1 Market Summary

2.1.1 Global Dairy Alternatives Market, 2016-2026, (US$ Mn)

2.1 Market Snapshot: Global Dairy Alternatives Market

2.2 Market Dynamics

2.3 Global Dairy Alternatives Market, by Segment, 2018

2.3.1 Global Dairy Alternatives Market, by Type, 2018,  (US$ Mn)

2.3.2 Global Dairy Alternatives Market, by Product, 2018,  (US$ Mn)

2.3.3 Global Dairy Alternatives Market, by Formulation, 2018,  (US$ Mn)

2.3.4 Global Dairy Alternatives Market, by Sales Channel, 2018 (US$ Mn)

2.3.5 Global Dairy Alternatives Market, by Region, 2018 (US$ Mn)

2.4 Premium Insights

2.4.1 Dairy Alternatives Market in Developed Vs. Developing Economies, 2018 vs 2026

2.4.2 Global Dairy Alternatives Market: Regional Life Cycle Analysis

Chapter 3 Market Dynamics

3.1 Market Overview

3.2 Market Drivers

3.2.1 Growth in the case count of lactose intolerance

3.2.2 Increase demand for plant-based dairy alternatives

3.3 Market Restraints

3.3.1 Volatile prices of raw materials

3.3.2 Restraint 2

3.4 Market Opportunities

3.4.1 Changing lifestyles of consumers across developed countries

3.4.2 Opportunity 2

3.5 Industry Value Chain Analysis

3.5.1 Analyst’s Views

3.6 Industry SWOT Analysis

Chapter 4 Global Dairy Alternatives Market, by Type

4.1 Market Overview, by Type

4.1.1 Global Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

4.1.2 Incremental Opportunity, by Type, From 2018-2026

4.2 Soy

4.2.1 Global Dairy Alternatives Market, by Soy, 2016-2026 (US$ Mn)

4.3 Coconut

4.3.1 Global Dairy Alternatives Market, by Coconut, 2016-2026 (US$ Mn)

4.4 Rice

4.4.1 Global Dairy Alternatives Market, by Rice, 2016-2026 (US$ Mn)

4.5 Almonds

4.5.1 Global Dairy Alternatives Market, by Almonds, 2016-2026 (US$ Mn)

4.6 Others

4.6.1 Global Dairy Alternatives Market, by Others, 2016-2026 (US$ Mn)

Chapter 5 Global Dairy Alternatives Market, by Product

5.1 Market Overview, by Product

5.1.1 Global Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

5.1.2 Incremental Opportunity, by Product, From 2018-2026

5.2 Milk

5.2.1 Global Dairy Alternatives Market, by Milk, 2016-2026 (US$ Mn)

5.3 Ice Creams

5.3.1 Global Dairy Alternatives Market, by Ice Creams, 2016-2026 (US$ Mn)

5.4 Yogurt

5.4.1 Global Dairy Alternatives Market, by Yogurt, 2016-2026, (US$ Mn)

5.5 Cheese & Creamer

5.5.1 Global Dairy Alternatives Market, by Cheese & Creamer, 2016-2026, (US$ Mn)

5.6 Infant Formula

5.6.1 Global Dairy Alternatives Market, by Infant Formula, 2016-2026, (US$ Mn)

5.7 Others

5.7.1 Global Dairy Alternatives Market, by Others, 2016-2026, (US$ Mn)

Chapter 6 Global Dairy Alternatives Market, by Formulation

6.1 Market Overview, by Formulation

6.1.1 Global Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

6.1.2 Incremental Opportunity, by Formulation, From 2018-2026

6.2 Flavoured

6.2.1 Global Dairy Alternatives Market, by Flavoured, 2016-2026, (US$ Mn)

6.3 Plain

6.3.1 Global Dairy Alternatives Market, by Plain, 2016-2026, (US$ Mn)

Chapter 7 Global Dairy Alternatives Market, by Sales Channel

7.1 Market Overview, by Sales Channel

7.1.1 Global Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

7.1.2 Incremental Opportunity, by Sales Channel, From 2018-2026

7.2 Online

7.2.1 Global Dairy Alternatives Market, by Online, 2016-2026, (US$ Mn)

7.3 Offline

7.3.1 Global Dairy Alternatives Market, by Offline, 2016-2026, (US$ Mn)

7.3.2 Supermarkets/Hypermarkets

7.3.2.1 Global Dairy Alternatives Market, by Supermarkets/Hypermarkets, 2016-2026, (US$ Mn)

7.3.3 Convenience Stores

7.3.3.1 Global Dairy Alternatives Market, by Convenience Stores, 2016-2026, (US$ Mn)

7.3.4 Others

7.3.4.1 Global Dairy Alternatives Market, by Others, 2016-2026, (US$ Mn)

Chapter 8 Global Dairy Alternatives Market, by Region

8.1 Market Overview, by Region

8.1.1 Global Dairy Alternatives Market, by Region, 2016-2026, (US$ Mn)

8.2 Attractive Investment Opportunity, by Region, 2018

8.3 North America Dairy Alternatives Market

8.3.1 North America Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

8.3.2 North America Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

8.3.3 North America Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

8.3.4 North America Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

8.3.5 United States Country Profile

8.3.5.1 United States Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.3.6 Canada Country Profile

8.3.6.1 Canada Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.4 Europe Dairy Alternatives Market

8.4.1 Europe Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

8.4.2 Europe Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

8.4.3 Europe Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

8.4.4 Europe Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

8.4.5 United Kingdom Country Profile

8.4.5.1 United Kingdom Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.4.6 Germany Country Profile

8.4.6.1 Germany Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.4.7 France Country Profile

8.4.7.1 France Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.4.8 Rest of Europe

8.4.8.1 Rest of Europe Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.5 Asia Pacific Dairy Alternatives Market

8.5.1 Asia Pacific Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

8.5.2 Asia Pacific Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

8.5.3 Asia Pacific Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

8.5.4 Asia Pacific Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

8.5.5 China Country Profile

8.5.5.1 China Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.5.6 Japan Country Profile

8.5.6.1 Japan Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.5.7 India Country Profile

8.5.7.1 India Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.5.8 Rest of Asia Pacific

8.5.8.1 Rest of Asia Pacific Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.6 Latin America Dairy Alternatives Market

8.6.1 Latin America Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

8.6.2 Latin America Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

8.6.3 Latin America Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

8.6.4 Latin America Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

8.6.5 Brazil Country Profile

8.6.5.1 Brazil Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.6.6 Mexico Country Profile

8.6.6.1 Mexico Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.6.7 Rest of Latin America

8.6.7.1 Rest of Latin America Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.7 Middle East & Africa Dairy Alternatives Market

8.7.1 Middle East & Africa Dairy Alternatives Market, by Type, 2016-2026 (US$ Mn)

8.7.2 Middle East & Africa Dairy Alternatives Market, by Product, 2016-2026 (US$ Mn)

8.7.3 Middle East & Africa Dairy Alternatives Market, by Formulation, 2016-2026 (US$ Mn)

8.7.4 Middle East & Africa Dairy Alternatives Market, by Sales Channel, 2016-2026 (US$ Mn)

8.7.5 GCC

8.7.5.1 GCC Dairy Alternatives Market, 2016-2026 (US$ Mn)

8.7.6 Rest of Middle East & Africa

8.7.6.1 Rest of Middle East & Africa Dairy Alternatives Market, 2016-2026 (US$ Mn)

Chapter 9 Competitive Intelligence

9.1 Market Players Present in Market Life Cycle

9.2 Top 5 Players Comparison

9.3 Market Positioning of Key Players, 2018

9.4 Market Players Mapping

9.4.1 By Type

9.4.2 By Product

9.4.3 By Formulation

9.4.4 By Sales Channel

9.4.5 By Region

9.5 Strategies Adopted by Key Market Players

9.6 Recent Developments in the Market

9.6.1 Mergers & Acquisitions, Partnership, New Product Developments

9.7 Operational Efficiency Comparison by Key Players

Chapter 10 Company Profiles

10.1 Valsoia S.p.A.

10.1.1 Valsoia S.p.A. Overview

10.1.2 Key Stakeholders/Person in Valsoia S.p.A.

10.1.3 Valsoia S.p.A. Products Portfolio

10.1.4 Valsoia S.p.A. Financial Overview

10.1.5 Valsoia S.p.A. News/Recent Developments

10.2 SunOpta Inc.

10.2.1 SunOpta Inc. Overview

10.2.2 Key Stakeholders/Person in SunOpta Inc.

10.2.3 SunOpta Inc. Products Portfolio

10.2.4 SunOpta Inc. Financial Overview

10.2.5 SunOpta Inc. News/Recent Developments

10.3 Archer Daniels Midland Company

10.3.1 Archer Daniels Midland Company Overview

10.3.2 Key Stakeholders/Person in Archer Daniels Midland Company

10.3.3 Archer Daniels Midland Company Products Portfolio

10.3.4 Archer Daniels Midland Company Financial Overview

10.3.5 Archer Daniels Midland Company News/Recent Developments

10.4 PACIFIC FOODS OF OREGON, LLC.

10.4.1 PACIFIC FOODS OF OREGON, LLC. Overview

10.4.2 Key Stakeholders/Person in PACIFIC FOODS OF OREGON, LLC.

10.4.3 PACIFIC FOODS OF OREGON, LLC. Products Portfolio

10.4.4 PACIFIC FOODS OF OREGON, LLC. Financial Overview

10.4.5 PACIFIC FOODS OF OREGON, LLC. News/Recent Developments

10.5 Alpro

10.5.1 Alpro Overview

10.5.2 Key Stakeholders/Person in Alpro

10.5.3 Alpro Products Portfolio

10.5.4 Alpro Financial Overview

10.5.5 Alpro News/Recent Developments

10.6 Daiya Foods Inc.

10.6.1 Daiya Foods Inc. Overview

10.6.2 Key Stakeholders/Person in Daiya Foods Inc.

10.6.3 Daiya Foods Inc. Products Portfolio

10.6.4 Daiya Foods Inc. Financial Overview

10.6.5 Daiya Foods Inc. News/Recent Developments

10.7 GOOD KARMA FOODS, INC.

10.7.1 GOOD KARMA FOODS, INC. Overview

10.7.2 Key Stakeholders/Person in GOOD KARMA FOODS, INC.

10.7.3 GOOD KARMA FOODS, INC. Products Portfolio

10.7.4 GOOD KARMA FOODS, INC. Financial Overview

10.7.5 GOOD KARMA FOODS, INC. News/Recent Developments

10.8 Goya Foods, Inc.

10.8.1 Goya Foods, Inc.  Overview

10.8.2 Key Stakeholders/Person in Goya Foods, Inc.

10.8.3 Goya Foods, Inc.  Products Portfolio

10.8.4 Goya Foods, Inc.  Financial Overview

10.8.5 Goya Foods, Inc.  News/Recent Developments

10.9 Pureharvest

10.9.1 Pureharvest Overview

10.9.2 Key Stakeholders/Person in Pureharvest

10.9.3 Pureharvest Products Portfolio

10.9.4 Pureharvest Financial Overview

10.9.5 Pureharvest News/Recent Developments

10.10 Silk

10.10.1 Silk Overview

10.10.2 Key Stakeholders/Person in Silk

10.10.3 Silk Products Portfolio

10.10.4 Silk Financial Overview

10.10.5 Silk News/Recent Developments


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