The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The dairy alternatives market has experienced rapid growth, surging from $13.87 billion in 2023 to $15.26 billion in 2024, reflecting a compound annual growth rate (CAGR) of 10.0%. This growth in the historic period is attributed to global population growth, increased disposable income, a rising number of health-conscious consumers, a shift towards vegan eating, and a low-interest rate environment. Moving into the future, the market is expected to maintain strong growth, reaching $21.34 billion in 2028 at a CAGR of 8.8%. Anticipated drivers of this growth include the impact of digital media marketing and social media, government initiatives supporting milk alternatives, the rise in lactose intolerance, increased penetration of organized retail, and improvements in cold chains. Major trends include the introduction of new and innovative products, investment in R&D labs for innovation, the adoption of modern separation technologies, strategic marketing campaigns, portfolio expansion into dairy-free alternatives, and potential acquisitions and partnerships to broaden product offerings.

The dairy alternatives market is poised for growth due to the rising prevalence of lactose intolerance and milk allergies. Lactose intolerance, characterized by the inability to produce the enzyme lactase, affects over 30 million people in America, leading to symptoms like diarrhea, gas, and bloating. This health concern is driving increased demand for dairy alternatives, contributing to the market’s revenue growth in the forecast period. The dairy alternatives market is projected to achieve market sizes of $X billion in 2023, $Y billion in 2024, and an estimated $Z billion in 2028.

Get A Free Sample On The Dairy Alternatives Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3075&type=smp

What Are The Key Trends That Influence Dairy Alternatives Market Share Analysis?

Major companies in the dairy alternative market are developing innovative products to meet consumer needs with dietary restrictions. For instance, in October 2023, Velike launched NOT M’LK, a plant-based milk alternative made from oats, suitable for those who are lactose intolerant or follow a plant-based diet. Sourced from the Black Forest and other regions of Baden-Württemberg, NOT M’LK supports the local economy and reduces carbon footprint.

Which Market Players Are Driving Growth In The Dairy Alternatives Market?

Major companies operating in the dairy alternatives market report are Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Oatly Group AB, Vitasoy International Holdings, SunOpta Inc., Unilever PLC, Freedom Foods Group Limited, Nestlé S.A., Daiya Foods Inc., Hershey Private Limited, Life Health Foods Private Limited, Rakyan Beverages Private Limited, Dabur Ltd, Sahmyook Foods, Bonsoy, Hebei Yangyuan Zhihui Beverage Co. (Yang yuan walnut milk), Coconut palm, Yinglu (peanut milk), Dali foods (soy milk), Lulu (almond milk), Follow Your Heart, Sanitarium Health and Wellbeing Company, Axiom Foods, Inc., Conagra Brands, Earth’s Own Food Company, Inc., Agrana, Efko Group, Jogurty Magda, Albalact, First Choice Ingredients, Organic Valley, Zahini, Archer Daniels Midland Company, Nutriops S. L., Alpro, Arla, Soyfresh, Koita, Diamond River General Trading Llc, Almustaqbal-Santa Corperation, Bartech International Llc, Synergs General Trading Fzc, Soy Afric Limited, Panos Brands Llc, Eden Foods Inc.

How Is The Global Dairy Alternatives Market Segmented?

The dairy alternatives market covered in this report is segmented –

1) By Product Type: Non-Dairy Milk, Butter, Cheese, Yogurts, Ice Cream, Others
2) By Source: Almond, Soy, Oats, Hemp, Coconut, Rice, Other Sources
3) By Distribution Channel: Supermarkets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, Other Distribution Channels

Read The Full Dairy Alternatives Market Report Here
https://www.thebusinessresearchcompany.com/report/dairy-alternatives-global-market-report

The Dairy Alternatives Global Market Report 2024 provides an overview of the dairy alternativesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dairy alternatives market forecast analyzes dairy alternatives market size, dairy alternatives market share, leading competitor and their market positions.

The Table Of Content For The Dairy Alternatives Market Include

1. Dairy Alternatives Market Executive Summary
2. Dairy Alternatives Market Segments
3. Dairy Alternatives Market Size And Template Market Growth Rate
4.  Key Dairy Alternatives Market Trends
5. Major Dairy Alternatives Market Drivers
……
25. Key Mergers And Acquisitions In The Dairy Alternatives Market
26. Top Dairy Alternatives Companies
27. Dairy Alternatives Market Opportunities And Strategies
28. Dairy Alternatives Market, Conclusions And Recommendations
29. Appendix

Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: