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Global Dairy Alternatives Industry Report: Country Overview; Key Segmentation and Scope; by Type; Industry Highlights; Opportunities and Challenges; Properties and Applications; Market Dynamics; Market Structure; Porter’s Five Forces Analysis: Supplier’s Power, Buyers Power, Degree of Rivalry, Threat of Substitutes; Trade Data Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments, 2022-2027

Dairy Alternatives Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices


The global Dairy Alternatives market reached a value of about USD 13.36 billion in 2021. The industry is projected to grow at a CAGR of around 8.9% in the forecast period of 2022-2027 to reach a value of about USD 20.50 billion by 2027.

The global Dairy Alternatives industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The changing consumer patterns are driving the sector among individuals. Europe is the highest category spender by region, driving the demand for the Dairy Alternatives industry.

Industry Definition and Segmentation

Dairy Alternatives are items that are manufactured from plant-based milk rather than animal products. Milk, ice cream, yoghurt, cheese, creamers, and other dairy products. They have a flavour and feel that is often identical to actual dairy products, although having a distinct composition. The Dairy Alternatives industry report comprises segments by source (soy, almond, coconut, rice, oats, hemp, others), by formulation (plain, flavoured), by application (milk, ice creams, yoghurt, cheese, creamers, others), by distribution channel (supermarkets/hypermarkets, convenience stores, health stores, online retailers, others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

European Region is Driving the Growth of the Industry

Europe holds the largest share in the industry due to the preference for milk-based dairy substitutes among the growing elderly population. Furthermore, the increasing trend in the continent to eschew milk products for health reasons, such as avoiding saturated fat consumption, is propelling the industry. The rising concerns over animal cruelty and animal rights are also boosting the market demand.

The industry is driven by the growing preference for lactose-free and high nutritional food items. The products are packed with nutrients like omega-3 fatty acids, calcium, protein, and vitamin D, while being lower in fat and cholesterol than actual milk, gaining traction among consumers. Due to the rising environmental concerns regarding the use of milk-based products, there is a growing shift towards the alternatives as they are sustainable, further boosting the industry growth. Other factors such as growing cases of conditions like lactose intolerance, allergies, and sensitivity to milk products the market is witnessing expansion.

Best Procurement Practices

The global Dairy Alternatives industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Dairy Alternatives regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Plant-based milk alternatives are liquids produced from the breakdown (size reduction) of plant matter (cereals, pseudo-cereals, legumes, oilseeds, nuts) extracted in water, followed by homogenisation, resulting in a particle diameter in the 5–20 m range, which resembles cow's milk in appearance and consistency.

Shift Towards Plant-Based Goods, Further Driving the Procurement of Dairy Alternatives

The industry is being aided by the growing shift towards veganism among individuals. Consumers are actively seeking natural and plant-based goods that are free of artificial flavours and colours, boosting the industry's expansion. Furthermore, the rising demand for alternatives to milk products in areas where cow's milk production is insufficient to fulfil local demand is also propelling the industry. In addition, the growing shift towards plant-based milk production among producers due to the traditional dairy sector's slower pace of development compared to the alternative segment is providing the industry with a significant thrust. Also, implementing several government programmes to assist the agriculture sector's growth, increase the availability of raw materials for plant-based alternatives, and reduce their pricing are likely to impact the market positively.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Dairy Alternatives Industry Report

  • Kerry Group Plc
  • Califia Farms LLC
  • The Döhler Group
  • Ripple Foods PBC
  • Nestle S.A

Market Landscape

In order to manufacture substitutes for milk-based goods developing new products in the food and beverage sector is estimated to be a critical success aspect for industry contributors. The worldwide dairy alternative products industry is very competitive, with many small and medium-sized businesses competing against a few major competitors. Various family-owned private enterprises operate in different categories on the market, although their presence is confined to a few nations across the area. The market's major companies are concentrating on mergers and acquisitions to reach a more extensive client base and meet their demands in the dairy alternatives sector.

Key Initiatives by Companies

  • Linda McCartney moves into dairy substitutes in May 2021 by introducing a new line of four plant-based milk beverages. Barista Style Organic Oat, Barista Style Organic Coconut, Organic Soya, and Organic Rice are among the flavours available. From smoothies to baking, the new plant line may be utilised in various dishes.
  • SunOpta announced a USD 26 million investment in their oat processing facility in Minnesota in November 2020. The firm will be able to fulfil the increased demand for oat milk in the United States because of this. The Minnesota factory makes oat bases used in plant-based ice creams, yoghurts, and milk substitutes.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Dairy Alternative Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Dairy Alternative Historical Market (2017-2021) 
    8.3    Global Dairy Alternative Market Forecast (2022-2027)
    8.4    Global Dairy Alternative Market by Source
        8.4.1    Soy
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Almond
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Coconut
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Rice
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Oats
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Hemp
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Others
    8.5    Global Dairy Alternative Market by Formulation
        8.5.1    Plain 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Flavored
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Dairy Alternative Market by Application
        8.6.1    Milk
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Ice Creams
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Yoghurt
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Cheese
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Creamers
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Others
    8.7    Global Dairy Alternative Market by Distribution Channel
        8.7.1    Supermarkets/Hypermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Health Stores
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Online Retailers
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Others
    8.8    Global Dairy Alternative Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Regional Price Analysis

    12.1    North America Dairy Alternative Source Price Trends and Forecast 2017-2027
        12.1.1    Soy
        12.1.2    Almond
        12.1.3    Coconut
        12.1.4    Rice
        12.1.5    Oats
        12.1.6    Hemp
    12.2    Europe Dairy Alternative Source Historical Price Trends and Forecast 2017-2027
        12.2.1    Soy
        12.2.2    Almond
        12.2.3    Coconut
        12.2.4    Rice
        12.2.5    Oats
        12.2.6    Hemp
    12.3    Asia Pacific Dairy Alternative Source Historical Price Trends and Forecast 2017-2027
        12.3.1    Soy
        12.3.2    Almond
        12.3.3    Coconut
        12.3.4    Rice
        12.3.5    Oats
        12.3.6    Hemp
    12.4    Latin America Dairy Alternative Source Historical Price Trends and Forecast 2017-2027
        12.4.1    Soy
        12.4.2    Almond
        12.4.3    Coconut
        12.4.4    Rice
        12.4.5    Oats
        12.4.6    Hemp
    12.5    Middle East and Africa Dairy Alternative Source Historical Price Trends and Forecast 2017-2027
        12.5.1    Soy
        12.5.2    Almond
        12.5.3    Coconut
        12.5.4    Rice
        12.5.5    Oats
        12.5.6    Hemp
13    Trade Data Analysis
    13.1    Global Trade Analysis (2020): HS Code – 1201, 0802, 080119, 1002, 1004, 5302
    13.2    Major Exporting Countries
        13.2.1    By Value
        13.2.2    By Volume
    13.3    Major Importing Countries
        13.3.1    By Value
        13.3.2    By Volume 
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Kerry Group Plc
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Califia Farms LLC
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    The Döhler Group
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Ripple Foods PBC
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Nestle S.A
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Kite Hill
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Elmhurst Milked Direct LLC
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Pacific Foods of Oregon, LLC
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    SunOpta, Inc.
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Daiya Foods Inc.
            14.2.10.1    Company Overview
            14.2.10.2    Product Portfolio
            14.2.10.3    Demographic Reach and Achievements
            14.2.10.4    Certifications
        14.2.11    Others
15    Industry Events and Developments

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Key Questions Answered in the Report

The global Dairy Alternatives market size was valued at USD 13.36 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 8.9%.

The significant demand for plant-based products is one of the Dairy Alternative market growth essential drivers.

Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods PBC, and Nestle S.A are some of the major companies in the market.

The Europe region of the Dairy Alternatives industry holds a significant share in the market.

Analyst Review

The global Dairy Alternatives market attained a value of USD 13.36 billion in 2021, driven by the growing preference for lactose-free and high nutritional food items. The high nutritional content of the products is further driving the industry's growth. Aided by the increasing shift towards veganism, the rising demand for alternatives to milk products in areas where cow's milk production is insufficient, and the ever-increasing shift towards plant-based milk paired with the implementation of several government programmes, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8.9%. The market is projected to reach USD 20.50 billion by 2027. Some of the leading players in the industry are Kerry Group Plc, Califia Farms LLC, The Döhler Group, Ripple Foods PBC, and Nestle S.A.

Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.

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