Market Overview

The Global Dairy Alternatives Market was valued at USD 31,459.3 million in 2023 and is expected to reach USD 70,946.3 million by 2031 while growing at a CAGR of 10.7% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global dairy alternatives market growth.  Dairy alternatives, also called non-dairy or plant-based alternatives, are substitutes for traditional dairy products such as milk, cheese, butter, and yogurt. Derived from plant-based sources, these alternatives cater to individuals with lactose intolerance, dairy allergies, those on a vegan diet, or those choosing to avoid dairy for various reasons.

Increasing lactose intolerance and dairy allergies, coupled with growing health consciousness, drive the growth of the dairy alternatives market. However, obstacles like taste and texture challenges, as well as allergen concerns and sensitivities, may hinder its expansion.

Furthermore, the global dairy alternatives industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Category Analysis

The Global Dairy Alternatives Market is segmented among Non-Dairy Butter, Non-Dairy Cheese, Non-Dairy Ice Cream, and Non-Dairy Milk, and Non-Dairy Yogurt, based on Category. In 2023, Non-Dairy Milk accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Dairy Alternatives Market is segmented among Off-Trade, and On-Trade, based on Distribution Channel. In 2023, Off-Trade accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Dairy Alternatives Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Blue Diamond Growers, Califia Farms LLC, Danone SA, Hebei Yangyuan Zhihui Beverage Co. Ltd, Oatly Group AB, Otsuka Holdings Co. Ltd, Sahmyook Foods, Saputo Inc., The Hain Celestial Group Inc., VBites Foods Ltd, and Vitasoy International Holdings Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Dairy Alternatives Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Dairy Alternatives Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Dairy Alternatives Market Segmentation, By Category

• Global Dairy Alternatives Market Share Analysis, By Category 

• Global Dairy Alternatives Market Growth Analysis, By Category

• Global Dairy Alternatives Market Trends, By Category

o Non-Dairy Butter

o Non-Dairy Cheese

o Non-Dairy Ice Cream

o Non-Dairy Milk

Ø Product Type

Ø Almond Milk

Ø Cashew Milk

Ø Coconut Milk

Ø Hazelnut Milk

Ø Hemp Milk

Ø Oat Milk

Ø Soy Milk

o Non-Dairy Yogurt

6. Global Dairy Alternatives Market Segmentation, By Distribution Channel

• Global Dairy Alternatives Market Share Analysis, By Distribution Channel

• Global Dairy Alternatives Market Growth Analysis, By Distribution Channel

• Global Dairy Alternatives Market Trends, By Distribution Channel

o Off-Trade

Ø Convenience Stores

Ø Online Retail

Ø Specialist Retailers

Ø Supermarkets and Hypermarkets

Ø Others

o On-Trade

7. Global Dairy Alternatives Market Segmentation, By Region

• Global Dairy Alternatives Market Share Analysis, By Region

• Global Dairy Alternatives Market Growth Analysis, By Region

• Global Dairy Alternatives Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Blue Diamond Growers*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Califia Farms LLC

• Danone SA

• Hebei Yangyuan Zhihui Beverage Co. Ltd

• Oatly Group AB

• Otsuka Holdings Co. Ltd

• Sahmyook Foods

• Saputo Inc.

• The Hain Celestial Group Inc.

• VBites Foods Ltd

• Vitasoy International Holdings Ltd

 *Similar analysis will be provided for each company listed above.