Global Dairy Alternative Market Outlook 2030: By Type, By Formulation, By Category, By Application, By Packaging Type, By Distribution Channel By End-User With COVID-19 impact | Forecast Period 2017-2030

Global Dairy Alternative Market Overview

The non-dairy segment started out as an alternative category catering to those with food allergies, but it has since evolved beyond a trend, now over 90% of U.S. households drink traditional dairy milk, but consumption is declining - consumers have reduced from 10 glasses of milk per week to 8 glasses. Sales of plant-based dairy alternative beverages, especially almond milk, show no signs of slowing and new alternative sources, such as coconut and cashews, are expected to drive the alternative segment even faster and higher over the next several years. Lactose Intolerance condition is most common in Finland, where it affects an estimated 1 in 60,000 newborns. Approximately 60% of the human population has a reduced ability to digest lactose after infancy.

Goldstein Market Intelligence analyst forecast the Dairy Alternative Market size is set to grow at a CAGR of 13.5% over the forecast years of 2017-2030. Dairy alternative drinks comprises of 7% of global dairy launches leading to doubling of actual global launch numbers over five-year period with half of these launches falls in lactose free category while 40% in vegan and almost a quarter in GMO free segment.

Global Dairy Alternative Market Segmentation

By Type

• Soy milk
• Almond milk
• Rice milk
• Other dairy alternative sources (Cashew, Oats, etc)

By Formulation

• Plain
  • Sweetened
  • Unsweetened
• Flavored
  • Sweetened
  • Unsweetened

By Category

• Diabetic free
• Gluten Free
• Lactose free
• Others

By Application

• Food
• Yoghurt
• Ice-cream
• Cheese
• Pudding
• Beverages
• Milk
• Sauces
• Others

By Packaging Type

• Pouches
• Bottles
• Carton Packaging

By Distribution Channel

• Convenience Retailer
• Supermarket
• Pharmacy
• Online

By End-User

• Food
• Beverage

Based on Geography

• North America (U.S. & Canada) Dairy Alternative Market
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Dairy Alternative Market
• Europe (The U.K., Germany, France, Italy & RoE) Dairy Alternative Market
• Asia-Pacific (China, India, Japan, Korea, Taiwan & Rest of Asia) Dairy Alternative Market
• Middle East and Africa (GCC, South Africa, North Africa & RoMEA) Dairy Alternative Market

On the basis of source, almond milk is leading the dairy alternative market with 60% market share and is likely to be customer’s first preference in the forecast period as well. However, rice milk, nut based milk and coconut milk are in the growing phase due to the low cholesterol concentration and fat content in dairy alternative beverages. Coconut milk is the fastest growing dairy alternative, registering the CAGR of 15.25% over the forecast period.

According to our global market study on the basis of extensive primary and secondary research:  “One trend is the adoption of refrigerated plant milks, with almond milk and novel blends leading the dairy-free market and represent dangerous competition to dairy milk than soy milk, safely tucked in the stores with perfunctory flavors and shelf-stable aseptic packaging that does not signal either fresh or milk-like status to the consumers.”

Market Growth Drivers and Market Restraints

According to the report, major driving factor for dairy alternative market is transforming aisle of dairy industry with the alternatives like soy milk, almond milk and nut milk. Plant-based milks have a better fat and sugar profile than dairy milk. Protein level of soy milk may vary but it is pretty close to dairy milk, soy protein lowers cholesterol and may reduce the risk of breast cancer as well. Some cow’s milk protein is used to make furniture glue out as they are hard to digest such as caseins.

Further, the report states the major challenge that is lack of protein and cross contamination of raw materials. Calcium-fortified soy milk is lower in other nutrients than cow’s milk, which can be a matter of concern for children and elderly. Plant-based milks are preferred to those who are allergic or intolerant to milk though some people prefer their taste because of wide variety of flavors.

Based on geography, Asia Pacific dominated the dairy alternative market with the market share of 41% in 2016. China being the largest consumer of soy milk in APAC region owing to the increase in lactose intolerance, milk allergy and awareness about nutritional values of plant based dairy alternatives. North America and Europe tends to be the opportunistic market in future as according to genetic studies people with Northern European, Italian, Greek, and Jewish descent are commonly intolerant to lactose that lead to vast consumer base for dairy alternatives.

Covered In This Global Dairy Alternative Market Report            

The report covers the present ground scenario and the future growth prospects of the Dairy Alternative Market for 2017-2030 along with the prevalence of lactose intolerant population, number of the products available in the market, their shipments data and genetic details targeting dairy alternative market worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Dairy Alternative Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global dairy alternative market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Dairy Alternative Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

COVID-19 imapct on "Global Dairy Alternative Market "

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Dairy Alternative Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

Our global dairy alternative market report comprises of the following companies as the key players:

• Earth’s Own Food Company Inc.
• Eden Foods Inc.
• Organic Valley
• Grupo Leche Pascual Sa
• Living Harvest Foods Inc.
• Panos Brands LLC
• The Hain Celestial Group Inc.
• The Whitewave Foods Company
• SunOpta Inc.

Other high-flying vendors in the market are: Danone, Vitasoy International, CP Kelco, Sanitarium Health & Wellbeing Company, Freedom Foods Group Ltd., Nutriops S.L., Daiya Foods Inc., Archer Daniels Midland Company and Blue Diamond Growers.

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Key questions answered in this Dairy Alternative Market report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the revenue of Dairy Alternative in 2017-18 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.