Global Dairy Alternatives Market Size, Forecasts, And Opportunities – Includes Dairy Alternatives Market Trends
Learn about the global dairy alternatives market through The Business Research Company, which provides information on dairy alternatives market size, dairy alternatives market drivers and restraints, dairy alternatives market players, the COVID-19 impact on the dairy alternatives market, and more.
The dairy alternatives market is expected to grow from $10.66 billion in 2020 to $16.01 billion in 2025 at a rate of 8.5%. The global dairy alternatives market size is then expected to grow at a CAGR of 7.5% from 2025 and reach $23.01 billion in 2030.
The various improvements in temperature-controlled transport is also expected to act as a driver for the diary alternatives market in the forecast period.
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The dairy alternatives market consists of sales of dairy alternative products and related services by entities (organizations, sole traders and partnerships) that produce dairy alternatives. Dairy alternatives are food & beverages that are used as a substitute for dairy products. These products are extracted from plants including cereals (rice, oats), legumes (soy), seeds (hemp, flax), nuts (peanuts, almond), and other grains (teff, quinoa). The dairy milk alternatives include soy milk, rice milk, oat milk, coconut milk, and flaxseed milk, cheese substitutes comprise soft cheese and hard cheese, butter alternatives such as nut butter, coconut butter, vegetable oil blends, cream, yogurt, ice-cream and cultured vegan butter.
Global Dairy Alternatives Market Segments Include:
By Product Type: Non-Dairy Milk, Butter, Cheese, Yogurt, Ice Cream, Others
By Source: Almond, Soy, Oats, Hemp, Coconut, Rice, Others
By Distribution Channel: Supermarkets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global dairy alternatives market, accounting for 34.6% of the total in 2021.
Many dairy alternative companies are coming up with new dairy alternative products. These include making use of a number of plant-based alternatives for the introduction of new and innovative alternatives to milk-based products that are sustainable and healthy. Companies such as Nestle and Take Two Foods are offering innovative products such as non-dairy products made from barley, oats, yellow peas and banana.
Major Market Players: Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Oatly Group AB, Vitasoy International Holdings
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Dairy Alternatives Market Report 2022 is one of a series of new reports from The Business Research Company that provides dairy alternatives market overviews, analyzes and forecasts market size, share, dairy alternatives market players, dairy alternatives market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s dairy alternatives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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