Dairy Alternatives Products Market Outlook Growth, Sales Revenue, Competitive Landscape and Industry Expansion Strategies 2030
Market Overview
The global dairy alternatives products market size is
expected to reach USD 46.4 Billion by the end of the forecast period, at a CAGR
of over 10.88% during the period.
Dairy alternative products are lactose-free dairy
alternatives made from plant-based milk. Coconut, almond, and soy are just a
few of the plant-based options. To meet consumer needs, global market
participants are investing heavily in product development and continual product
improvement. The texture and flavor qualities of dairy alternatives are
reserved and mimicked in dairy products using the appropriate ingredients and
kind of dairy substitute as the starting material. In recent years, the global
market for dairy alternatives has experienced tremendous expansion. The
increasing incidence of lactose-intolerant populations around the world is
primarily responsible for the market's rise. Additionally, factors such as
rising food allergies, changing dietary preferences, an increase in the number
of consumers choosing veganism, and the simple availability of alternatives are
expected to fuel market growth in the future years.
Market Segmentation
Based on the source, the global Dairy Alternatives Products Market Insights are segmented into soy, almond,
coconut, rice, oats, and others.
Based on the type, the global dairy alternatives products
market is segmented into milk, cheese, yogurt, ice creams, and others.
Based on the distribution channel, the global dairy
alternatives products market is segmented into store-based and non-store-based.
Based on the region, the global Dairy Alternatives Products
Market Outlook is segmented into North America, Europe, Asia-Pacific, and the
Rest of the World.
Regional Classification
The dairy alternative products sector is likely to be
dominated by the North American Dairy Alternative Products Market. The United States and Canada are
important contributors to market growth and are expected to continue dominating
during the review period. Furthermore, changing lifestyles and consumption
patterns are indicating a preference for dairy-free food sources, which is another
reason fueling the expansion of dairy alternatives in North America. In
Asia-Pacific, there is a growing need for nutritious convenience foods. Because
of the growing customer preference for plant-based milk sources, especially in
industrialized nations, manufacturers of ready-to-eat food are exploring
dairy-alternative as a convenient preferred milk solution. This pattern is
catching on throughout the region.
Industry News
The major key players in the market are The Whitewaves Food
Company, The Hain Celestial Group, Blue Diamond
Growers, Sunopta, Sanitarium Health & Wellbeing Company, Freedom
Foods Group, Eden Foods, Nutriops S.L., Earth's Own Food Company, Triballat
Noyal, Valsoia S.P.A, Dohler GmBh, Organic Valley, Panos Brands LLC, Daiya
Foods Inc., Galaxy Nutritional Foods, Inc., and Tofutti Brands Inc. Peet's
Coffee is planning a vegan transition. Violife, JUST Egg, and Beyond Meat are
among the companies that have recently announced the launch of a vegan spring
menu. Cargill Turkey has announced the inauguration of a high-tech ingredient
blending manufacturing plant and a state-of-the-art technological application
center in Bursa, Orhangazi, to enable dairy manufacturers better respond to
growing customer needs.
Wilk, an Israeli food technology firm, has announced plans
to address dairy demand in a novel way, focusing on the production of
cell-cultured milk, which aims to undercut the dairy sector by delivering a
substitute that tastes exactly like the real thing. The cultured dairy brand is
attempting to become a major player in the manufacturing of cell-based milk,
hence increasing accessibility to the amazingly sustainable product.
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Market Research Future (part of
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York, New York 10013, United States of America
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