Dairy Alternatives Market By Type (Almond Milk, Soy Milk, Rice Milk, Others), By Formulation (Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened), By Application (Food & Beverages), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)

Dairy Alternatives Market By Type (Almond Milk, Soy Milk, Rice Milk, Others), By Formulation (Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened), By Application (Food & Beverages), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)

ID: 2526 | Pages: 186 | July 2017 | Region: Global


The Global Dairy Alternatives Market was worth USD 11.10 billion in 2016 and is estimated to be growing at a CAGR of 15.3%, to reach USD 22.62 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. Dairy alternatives are texture products similar to milk, which are lactose free and are used as a replacement of dairy based products. These alternatives are majorly adopted by various cereals such as oats, wheat, rice, barley and nuts. The types of dairy alternatives available consists of almond milk , soy milk , rice milk , coconut milk and various other nut based milks such as cashew , hazelnut etc. Dairy Alternatives comes with numerous health related benefits, including high energy levels as compared to normal dairy products which are expected to be the key factors, because of which, people are shifting from regular products or beverages to their alternatives.

Dairy Alternatives products which are plant-based, are generally available in supermarkets including several milk options such as soy, almond, rice, hemp, coconut and flax. Additionally, frozen desserts, spreads, dairy-free yogurts and cheeses are also available. Soy milk has been the oldest option available to replace dairy milk. However, substitutes such as almond milk and coconut milk have grabbed the market significantly in the last couple of years.

The demand for dairy alternatives is driven by growing consumer liking for lactose-free food products including cheese, desserts, and snacks. Rising consumer focus on the nutritional values offered by the product such as low calories and high proteins and vitamins is likely to have a positive impact on the industry. Moreover, the swing of consumer base towards vegan diet owing to certain aspects including animal rights and environment protection are anticipated to drive the demand for dairy alternatives over the forecast period. However, high cost associated with these products as compared to dairy products is likely to hamper industry growth.

The Global market for dairy alternatives is broadly categorized into Soy Milk, Almond Milk, Rice Milk and others. Based on formulation, the market is segmented as Plain Sweetened, Plain Unsweetened, Flavoured Sweetened and Flavoured Unsweetened. Based on Application, the market is further segmented into Food & Beverages. Soy Milk accounted for the highest revenue of the overall market and Almond Milk is projected to witness high growth rate during the forecast period. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Dairy Alternatives market was dominated by Asia-Pacific. Asia-Pacific was followed by North America and Europe.

Some of the major companies dominating the market, by their products and services include The Hain Celestial Group Inc., Blue Diamond Growers, Daiya Foods Inc., SunOpta Inc., Archer Daniels Midland Company, The WhiteWave Foods Company, Freedom Foods Group Limited, Sanitarium Health & Wellbeing Company, Earth’s Own Food Company, Nutriops S.L. and Eden Foods, Inc.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Almond Milk           

                                5.1.2 Soy Milk   

                                5.1.3 Rice Milk  

                                5.1.4 Others      

                                5.1.5  Y-o-Y Growth Analysis, By Type    

                                5.1.6  Market Attractiveness Analysis, By Type  

                                5.1.7  Market Share Analysis, By Type    

                5.2 Formulation                               

                                5.2.1 Plain Sweetened  

                                5.2.2 Plain Unsweetened            

                                5.2.3 Flavoured Sweetened       

                                5.2.4 Flavoured Unsweetened  

                                5.2.5 Y-o-Y Growth Analysis, By Formulation       

                                5.2.6 Market Attractiveness Analysis, By Formulation     

                                5.2.7 Market Share Analysis, By Formulation      

                5.3 Application                 

                                5.3.1 Food & Beverages               

                                5.3.2 Other Applications               

                                5.3.3 Y-o-Y Growth Analysis, By Application         

                                5.3.4 Market Attractiveness Analysis, By Application       

                                5.3.5 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Formulation

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Formulation

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Formulation

                                                6.1.5.4 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 The Hain Celestial Group Inc.                              

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Blue Diamond Growers                         

                8.3 Daiya Foods Inc.                       

                8.4 SunOpta Inc.                              

                8.5 Archer Daniels Midland Company                     

                8.6 The WhiteWave Foods Company                      

                8.7 Freedom Foods Group Limited                          

                8.8 Sanitarium Health & Wellbeing Company                      

                8.9 Earth’s Own Food Company                

                8.10 Nutriops S.L.                            

                8.11 Eden Foods, Inc.                    

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Global Dairy Alternatives Market By Region, From 2016-2021 ( USD Billion )
  2. Global Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  3. Global Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  4. Global Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  5. Global Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  6. Global Others Market By Region, From 2016-2021 ( USD Billion )
  7. Global Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  8. Global Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  9. Global Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  10. Global Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  11. Global Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  12. Global Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  13. Global Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  14. North America Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  15. North America Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  16. North America Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  17. North America Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  18. North America Others Market By Region, From 2016-2021 ( USD Billion )
  19. North America Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  20. North America Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  21. North America Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  22. North America Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  23. North America Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  24. North America Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  25. North America Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  26. United States Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  27. United States Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  28. United States Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  29. Canada Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  30. Canada Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  31. Canada Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  32. Europe Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  33. Europe Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  34. Europe Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  35. Europe Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  36. Europe Others Market By Region, From 2016-2021 ( USD Billion )
  37. Europe Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  38. Europe Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  39. Europe Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  40. Europe Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  41. Europe Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  42. Europe Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  43. Europe Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  44. U.K. Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  45. U.K. Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  46. U.K. Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  47. Germany Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  48. Germany Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  49. Germany Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  50. France Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  51. France Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  52. France Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  53. Italy Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  54. Italy Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  55. Italy Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  56. Spain Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  57. Spain Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  58. Spain Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  59. Asia-Pacific Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  60. Asia-Pacific Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  61. Asia-Pacific Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  62. Asia-Pacific Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  63. Asia-Pacific Others Market By Region, From 2016-2021 ( USD Billion )
  64. Asia-Pacific Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  65. Asia-Pacific Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  66. Asia-Pacific Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  67. Asia-Pacific Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  68. Asia-Pacific Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  69. Asia-Pacific Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  70. Asia-Pacific Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  71. Japan Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  72. Japan Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  73. Japan Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  74. China Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  75. China Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  76. China Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  77. India Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  78. India Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  79. India Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  80. Australia Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  81. Australia Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  82. Australia Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  83. South Korea Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  84. South Korea Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  85. South Korea Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  86. Latin America Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  87. Latin America Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  88. Latin America Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  89. Latin America Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  90. Latin America Others Market By Region, From 2016-2021 ( USD Billion )
  91. Latin America Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  92. Latin America Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  93. Latin America Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  94. Latin America Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  95. Latin America Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  96. Latin America Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  97. Latin America Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  98. Brazil Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  99. Brazil Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  100. Brazil Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  101. Argentina Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  102. Argentina Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  103. Argentina Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  104. Mexico Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  105. Mexico Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  106. Mexico Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  107. Rest of Latin America Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  108. Rest of Latin America Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  109. Rest of Latin America Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  110. Middle East & Africa Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  111. Middle East & Africa Almond Milk Market By Region, From 2016-2021 ( USD Billion )
  112. Middle East & Africa Soy Milk Market By Region, From 2016-2021 ( USD Billion )
  113. Middle East & Africa Rice Milk Market By Region, From 2016-2021 ( USD Billion )
  114. Middle East & Africa Others Market By Region, From 2016-2021 ( USD Billion )
  115. Middle East & Africa Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  116. Middle East & Africa Plain Sweetened Market By Region, From 2016-2021 ( USD Billion )
  117. Middle East & Africa Plain Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  118. Middle East & Africa Flavoured Sweetened Market By Region, From 2016-2021 ( USD Billion )
  119. Middle East & Africa Flavoured Unsweetened Market By Region, From 2016-2021 ( USD Billion )
  120. Middle East & Africa Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  121. Middle East & Africa Food & Beverages Market By Region, From 2016-2021 ( USD Billion )
  122. Middle East Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  123. Middle East Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  124. Middle East Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
  125. Africa Dairy Alternatives Market By Type, From 2016-2021 ( USD Billion )
  126. Africa Dairy Alternatives Market By Formulation, From 2016-2021 ( USD Billion )
  127. Africa Dairy Alternatives Market By Application, From 2016-2021 ( USD Billion )
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