Table of Content

1 INTRODUCTION 24
1.1 OBJECTIVES OF THE STUDY 24
1.2 MARKET DEFINITION 24
1.3 STUDY SCOPE 25
FIGURE 1 MARKET SEGMENTATION 25
1.4 REGIONS COVERED 25
1.5 PERIODIZATION CONSIDERED 26
1.6 CURRENCY CONSIDERED 26
TABLE 1 USD EXCHANGE RATES CONSIDERED, 2017–2019 27
1.7 VOLUME UNIT CONSIDERED 27
1.8 STAKEHOLDERS 27
1.9 SUMMARY OF CHANGES 27

2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 2 DAIRY ALTERNATIVES MARKET: RESEARCH DESIGN 29
FIGURE 3 KEY DATA FROM PRIMARY SOURCES 30
2.2 MARKET SIZE ESTIMATION 31
2.2.1 APPROACH ONE (BASED ON APPLICATION, BY REGION) 31
2.2.2 APPROACH TWO (BASED ON GLOBAL MARKET) 32
2.3 DATA TRIANGULATION 33
FIGURE 4 DATA TRIANGULATION METHODOLOGY 33
2.4 ASSUMPTIONS FOR THE STUDY 34
2.5 LIMITATIONS OF THE STUDY 35
2.6 SCENARIO-BASED MODELING 35
2.7 COVID-19 HEALTH ASSESSMENT 36
FIGURE 5 COVID-19: THE GLOBAL PROPAGATION 36
FIGURE 6 COVID-19 PROPAGATION: SELECT COUNTRIES 37
2.8 COVID-19 ECONOMIC ASSESSMENT 38
FIGURE 7 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 38
2.8.1 COVID-19 ECONOMIC IMPACT?SCENARIO ASSESSMENT 39
FIGURE 8 CRITERIA IMPACTING THE GLOBAL ECONOMY 39
FIGURE 9 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 40

3 EXECUTIVE SUMMARY 42
TABLE 2 DAIRY ALTERNATIVES MARKET SHARE SNAPSHOT,
2020 VS. 2026 (USD BILLION) 42
FIGURE 10 IMPACT OF COVID-19 ON THE DAIRY ALTERNATIVES MARKET SIZE,
BY SCENARIO, 2020-2021 (USD BILLION) 43
FIGURE 11 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2020 VS. 2026 (USD MILLION) 44
FIGURE 12 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2020 VS. 2026 (USD MILLION) 45
FIGURE 13 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,
2020 VS. 2026 (USD MILLION) 45
FIGURE 14 DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2020 VS. 2026 (USD BILLION) 46
FIGURE 15 DAIRY ALTERNATIVES MARKET SHARE AND GROWTH RATE (VALUE),
BY REGION, 2019 47

4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET 48
FIGURE 16 GROWING VEGAN AND FLEXITARIAN POPULATION ACROSS THE WORLD
AND DEMAND FOR LACTOSE-FREE FOOD & BEVERAGE PRODUCTS TO PROPEL THE MARKET 48
4.2 DAIRY ALTERNATIVES MARKET: MAJOR REGIONAL SUBMARKETS 49
FIGURE 17 ASIA PACIFIC WAS THE LARGEST MARKET GLOBALLY FOR DAIRY ALTERNATIVES IN 2019 49
4.3 EUROPE: DAIRY ALTERNATIVES MARKET, BY KEY APPLICATION AND COUNTRY 49
FIGURE 18 SPAIN ACCOUNTED FOR THE LARGEST SHARE IN THE EUROPEAN MARKET
IN 2019 49
4.4 DAIRY ALTERNATIVES MARKET, BY APPLICATION 50
FIGURE 19 MILK SEGMENT PROJECTED TO DOMINATE THE DAIRY ALTERNATIVES MARKET DURING THE FORECAST PERIOD 50
4.5 DAIRY ALTERNATIVES MARKET, BY SOURCE AND REGION 51
FIGURE 20 ASIA PACIFIC IS ESTIMATED TO DOMINATE THE MARKET FOR DAIRY ALTERNATIVES DURING THE FORECAST PERIOD 51
4.6 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL 52
FIGURE 21 SUPERMARKETS & HYPERMARKETS SEGMENT PROJECTED TO DOMINATE THE DAIRY ALTERNATIVES MARKET DURING THE FORECAST PERIOD 52
FIGURE 22 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET: COMPARISON
OF PRE- AND POST-COVID-19 SCENARIOS 52

5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 54
FIGURE 23 DAIRY ALTERNATIVES MARKET DYNAMICS 54
5.2.1 DRIVERS 54
5.2.1.1 Growing consumer preference for a vegan diet 54
FIGURE 24 UK VEGAN POPULATION, 2014-2019 55
5.2.1.2 Nutritional benefits offered by plant-based food 55
TABLE 3 NUTRITIONAL COMPARISON OF DAIRY AND NON-DAIRY MILK 56
5.2.1.3 Rising cases of lactose intolerance and milk allergies 56
TABLE 4 LACTOSE CONTENT IN DAIRY FOOD PRODUCTS 56
TABLE 5 TOP 10 COUNTRIES WITH LACTOSE-INTOLERANT POPULATION 57
5.2.2 RESTRAINTS 57
5.2.2.1 Allergies associated with plant-based sources, such as soy
and almonds 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Growing demand from emerging economies 58
5.2.3.2 Favorable marketing and correct positioning of dairy alternatives 58
5.2.3.3 Rising demand for organic food & beverages 58
5.2.4 CHALLENGES 59
5.2.4.1 Limited awareness among consumers 59
5.2.4.2 Genetically modified (GM) soybeans 59
5.2.4.3 Volatile prices of raw materials 59
FIGURE 25 GLOBAL AVERAGE PRICE OF RAW MATERIALS, 2015-2019 (USD/KG) 60
5.3 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET 60
TABLE 6 GLOBAL AVERAGE PRICE OF DAIRY ALTERNATIVES (USD/LITER),
BY APPLICATION 61
5.4 PATENT ANALYSIS 61
TABLE 7 FEW PATENTS PERTAINING TO DAIRY ALTERNATIVES, 2019–2020 61
5.5 VALUE CHAIN 62
FIGURE 26 DAIRY ALTERNATIVES MARKET: VALUE CHAIN 63
5.6 ECOSYSTEM/MARKET MAP FOR DAIRY ALTERNATIVES 63
FIGURE 27 ECOSYSTEM VIEW 63
5.7 KEY MARKETS FOR IMPORT/EXPORT 64
5.7.1 ALMONDS 64
TABLE 8 TOP 10 IMPORTERS AND EXPORTERS OF ALMONDS, 2019 (KT) 64
5.7.2 SOYBEANS 64
TABLE 9 TOP 10 IMPORTERS AND EXPORTERS OF SOYBEANS, 2019 (KT) 64
5.7.3 OATS 65
TABLE 10 TOP 10 IMPORTERS AND EXPORTERS OF OATS, 2019 (KT) 65
5.7.4 RICE 65
TABLE 11 TOP 10 IMPORTERS AND EXPORTERS OF RICE, 2019 (KT) 65
5.7.5 COCONUTS 66
TABLE 12 TOP 10 IMPORTERS AND EXPORTERS OF COCONUTS, 2019 (KT) 66
5.7.6 HEMP 66
TABLE 13 TOP 10 IMPORTERS AND EXPORTERS OF HEMP, 2019 (TON) 66
5.8 PORTER’S FIVE FORCES ANALYSIS 67
5.8.1 DAIRY ALTERNATIVES MARKET: PORTER’S FIVE FORCES ANALYSIS 67
5.9 CASE STUDY 67
5.10 YC-YCC SHIFT 68
FIGURE 28 YC & YCC SHIFT FOR THE DAIRY ALTERNATIVES MARKET 68
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6 DAIRY ALTERNATIVES MARKET, BY SOURCE 69
6.1 INTRODUCTION 70
FIGURE 29 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2020 VS. 2026 (USD MILLION) 70
TABLE 14 DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION) 71
6.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY SOURCE 71
6.2.1 OPTIMISTIC SCENARIO 71
TABLE 15 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 71
6.2.2 REALISTIC SCENARIO 72
TABLE 16 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 72
6.2.3 PESSIMISTIC SCENARIO 72
TABLE 17 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2021 (USD MILLION) 72
6.3 SOY 73
6.3.1 EASY AVAILABILITY AND HIGH ACCEPTABILITY OF SOY-BASED PRODUCTS TO DRIVE THE MARKET FOR SOY-DERIVED DAIRY ALTERNATIVES 73
TABLE 18 SOY: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 73
6.4 ALMOND 73
6.4.1 RISING DEMAND FOR BLENDED FORMS OF THE PRODUCT TO DRIVE THE MARKET FOR ALMOND-BASED DAIRY ALTERNATIVES 73
TABLE 19 ALMOND: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 74
6.5 COCONUT 74
6.5.1 HIGH PALATABILITY, NUTRITIONAL LEVEL, AND GOOD FOR HEART PROPERTIES OF COCONUT TO DRIVE THE DEMAND FOR COCONUT-BASED DAIRY ALTERNATIVES 74
TABLE 20 COCONUT: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 74
6.6 RICE 75
6.6.1 LOW RISK OF ALLERGIES AND COMPARATIVELY LIGHT AND BLAND TASTE TO DRIVE THE MARKET FOR RICE-DERIVED DAIRY ALTERNATIVE PRODUCTS 75
TABLE 21 RICE: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 75
6.7 OATS 75
6.7.1 RICH NUTRITIONAL CONTENT AND CANCER CURING PROPERTIES TO DRIVE THE MARKET FOR OAT-BASED DAIRY ALTERNATIVES 75
TABLE 22 OATS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 76
6.8 HEMP 76
6.8.1 RISING AWARENESS REGARDING HEALTH BENEFITS OFFERED BY HEMP-BASED PRODUCTS TO DRIVE THE MARKET FOR HEMP-SOURCED DAIRY ALTERNATIVES 76
TABLE 23 HEMP: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 77
6.9 OTHER SOURCES 77
TABLE 24 OTHER SOURCES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 77
7 DAIRY ALTERNATIVES MARKET, BY APPLICATION 78
7.1 INTRODUCTION 79
FIGURE 30 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2020 VS. 2026 (USD MILLION) 79
TABLE 25 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2018–2026 (USD MILLION) 80
7.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY APPLICATION 80
7.2.1 OPTIMISTIC SCENARIO 80
TABLE 26 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION) 80
7.2.2 REALISTIC SCENARIO 81
TABLE 27 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION) 81
7.2.3 PESSIMISTIC SCENARIO 81
TABLE 28 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY APPLICATION, 2018–2021 (USD MILLION) 81
7.3 MILK 81
7.3.1 RISING AWARENESS ABOUT HEALTH AND WELLNESS TO DRIVE THE MARKET FOR DAIRY-FREE MILK PRODUCTS 81
TABLE 29 MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 82
7.4 ICE CREAMS 82
7.4.1 RISING DEMAND FOR CHOLESTEROL- AND FAT-FREE DESSERTS TO DRIVE THE NON-DAIRY FROZEN DESSERTS MARKET 82
TABLE 30 ICE CREAMS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 82
7.5 YOGURT 83
7.5.1 INNOVATION IN TERMS OF FLAVORS IS GOING TO CREATE OPPORTUNITIES FOR NON-DAIRY YOGURT MANUFACTURERS 83
TABLE 31 YOGURT: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 83
7.6 CHEESE 83
7.6.1 RISING NUMBER OF LACTOSE-INTOLERANT CONSUMERS TO DRIVE THE DEMAND FOR DAIRY-FREE CHEESE 83
TABLE 32 CHEESE: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 84
7.7 CREAMERS 84
7.7.1 HUGE INVESTMENTS IN R&D ACTIVITIES WILL LEAD TO THE DEVELOPMENT OF NEW AND INNOVATIVE DAIRY-FREE CREAMERS 84
TABLE 33 CREAMERS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 84
?
7.8 OTHER APPLICATIONS 85
TABLE 34 OTHER APPLICATIONS: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION) 85

8 DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL 86
8.1 INTRODUCTION 87
FIGURE 31 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,
2020 VS. 2026 (USD MILLION) 87
TABLE 35 DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL,
2018–2026 (USD MILLION) 87
8.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY DISTRIBUTION CHANNEL 88
8.2.1 OPTIMISTIC SCENARIO 88
TABLE 36 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 88
8.2.2 REALISTIC SCENARIO 88
TABLE 37 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 88
8.2.3 PESSIMISTIC SCENARIO 89
TABLE 38 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY DISTRIBUTION CHANNEL, 2018–2021 (USD MILLION) 89
8.3 SUPERMARKETS & HYPERMARKETS 89
8.3.1 SUPERMARKETS & HYPERMARKETS ARE PREFERRED CHANNELS OF DISTRIBUTION FOR DAIRY ALTERNATIVES AS MULTIPLE OPTIONS CAN BE OFFERED TO CONSUMERS 89
TABLE 39 SUPERMARKETS & HYPERMARKETS: DAIRY ALTERNATIVES MARKET SIZE,
BY REGION, 2018–2026 (USD MILLION) 90
8.4 HEALTH FOOD STORES 90
8.4.1 HEALTH BENEFITS OFFERED BY DAIRY ALTERNATIVES MAKE THEM AN INTEGRAL PART OF HEALTH FOOD STORES 90
TABLE 40 HEALTH FOOD STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION) 90
8.5 PHARMACIES 91
8.5.1 RISING HEALTH ISSUES AND PRESCRIPTIONS FROM DOCTORS FOR ALLERGIES TEND TO INCREASE THE SALES OF DAIRY ALTERNATIVES THROUGH PHARMACIES 91
TABLE 41 PHARMACIES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 91
8.6 CONVENIENCE STORES 91
8.6.1 EASY ACCESSIBILITY AND CONVENIENCE FOR CONSUMERS WILL LEAD TO A RISE IN SALES THROUGH CONVENIENCE STORES 91
TABLE 42 CONVENIENCE STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION) 92
8.7 ONLINE STORES 92
8.7.1 ONLINE SELLING PLATFORMS OFFER FASTER ACCESSIBILITY AND COST EFFECTIVENESS 92
TABLE 43 ONLINE STORES: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 92
8.8 OTHER DISTRIBUTION CHANNELS 93
TABLE 44 OTHER DISTRIBUTION CHANNELS: DAIRY ALTERNATIVES MARKET SIZE,
BY REGION, 2018–2026 (USD MILLION) 93

9 DAIRY ALTERNATIVES MARKET, BY FORMULATION 94
9.1 INTRODUCTION 95
FIGURE 32 DAIRY ALTERNATIVES MARKET SHARE, BY FORMULATION,
2020 VS. 2026 (USD MILLION) 95
TABLE 45 DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2018–2026 (USD MILLION) 96
9.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY FORMULATION 96
9.2.1 OPTIMISTIC SCENARIO 96
TABLE 46 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY FORMULATION, 2018–2021 (USD MILLION) 96
9.2.2 REALISTIC SCENARIO 96
TABLE 47 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY FORMULATION, 2018–2021 (USD MILLION) 96
9.2.3 PESSIMISTIC SCENARIO 97
TABLE 48 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY FORMULATION, 2018–2021 (USD MILLION) 97
9.3 FLAVORED 97
9.3.1 RISING DEMAND FOR BLENDED VERSIONS OF FLAVORED & SWEETENED PRODUCTS 97
TABLE 49 FLAVORED: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 97
9.4 PLAIN 98
9.4.1 PLAIN SOY AND ALMOND MILK ARE LARGELY CONSUMED BY VEGAN AND LACTOSE-INTOLERANT CONSUMERS 98
TABLE 50 PLAIN: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 98

10 DAIRY ALTERNATIVES MARKET, BY NUTRIENTS 99
10.1 INTRODUCTION 99
TABLE 51 NUTRITIONAL COMPARISON OF DAIRY AND NON-DAIRY MILK 99
10.2 CALORIES 99
10.3 PROTEIN 99
10.4 CARBOHYDRATES 100
10.5 VITAMINS 100
10.6 OTHERS 100
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11 DAIRY ALTERNATIVES MARKET, BY REGION 101
11.1 INTRODUCTION 102
FIGURE 33 REGIONAL SNAPSHOT: NEW HOTSPOTS TO EMERGE IN EUROPE,
2020–2026 102
TABLE 52 DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2026 (USD MILLION) 103
TABLE 53 DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (MILLION LITERS) 103
11.2 COVID-19 IMPACT ON THE DAIRY ALTERNATIVES MARKET, BY REGION 103
11.2.1 OPTIMISTIC SCENARIO 103
TABLE 54 OPTIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE,
BY REGION, 2018–2021 (USD MILLION) 103
11.2.2 REALISTIC SCENARIO 104
TABLE 55 REALISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 104
11.2.3 PESSIMISTIC SCENARIO 104
TABLE 56 PESSIMISTIC SCENARIO: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION) 104
11.3 REGULATORY FRAMEWORK 104
11.3.1 FOOD AND DRUG ADMINISTRATION (FDA) 104
11.3.2 FOOD STANDARDS AUSTRALIA NEW ZEALAND (FSANZ) 105
TABLE 57 SOME OF THE MANDATORY ADVISORY STATEMENTS GIVEN BY FSANZ 105
11.3.3 EUROPEAN COURT OF JUSTICE 106
11.4 NORTH AMERICA 106
TABLE 58 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2018–2026 (USD MILLION) 106
TABLE 59 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2018–2026 (MILLION LITERS) 107
TABLE 60 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION) 107
TABLE 61 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 107
TABLE 62 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION) 108
TABLE 63 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION, 2018–2026 (USD MILLION) 108
11.4.1 US 108
11.4.1.1 Rising awareness about health & wellness among consumers and allergen concerns to drive the dairy alternatives market 108
FIGURE 34 US: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 109
TABLE 64 US: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 109
11.4.2 CANADA 109
11.4.2.1 Measures taken by the Canadian government and huge investments in the processing industry to drive the dairy alternatives market 109
TABLE 65 CANADA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 110
11.4.3 MEXICO 110
11.4.3.1 Changing consumer preferences and rising imports of plant sources lead to the growth of the Mexican dairy alternatives market 110
TABLE 66 MEXICO: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 111
11.5 EUROPE 111
FIGURE 35 EUROPE: DAIRY ALTERNATIVES MARKET SNAPSHOT 112
TABLE 67 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2018–2026 (USD MILLION) 113
TABLE 68 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2018–2026 (MILLION LITERS) 113
TABLE 69 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2018–2026 (USD MILLION) 114
TABLE 70 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 114
TABLE 71 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION) 115
TABLE 72 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2018–2026 (USD MILLION) 115
11.5.1 FRANCE 115
11.5.1.1 Rising vegan trend is expected to drive the dairy alternatives market in France 115
FIGURE 36 FRANCE: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 116
TABLE 73 FRANCE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 116
11.5.2 SPAIN 116
11.5.2.1 Rising prices of raw milk in Spain projected to drive the dairy alternatives market 116
FIGURE 37 SPAIN: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 117
TABLE 74 SPAIN: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 117
11.5.3 UK 117
11.5.3.1 Consumer inclination toward healthy products to drive the dairy alternatives market in the UK 117
FIGURE 38 UK: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 118
TABLE 75 UK: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 118
11.5.4 GERMANY 118
11.5.4.1 The growing food & beverage industry in Germany is expected to drive the dairy alternatives market 118
FIGURE 39 GERMANY: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 119
TABLE 76 GERMANY: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 119
?
11.5.5 ITALY 120
11.5.5.1 Dairy products, being an integral part of diets, to create an opportunity for dairy alternative manufacturers in Italy 120
TABLE 77 ITALY: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 120
11.5.6 REST OF EUROPE 120
TABLE 78 REST OF EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 121
11.6 ASIA PACIFIC 121
FIGURE 40 ASIA PACIFIC: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 122
FIGURE 41 ASIA PACIFIC: REASONS FOR DAIRY AVOIDANCE 122
FIGURE 42 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SNAPSHOT 123
TABLE 79 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY/REGION, 2018–2026 (USD MILLION) 124
TABLE 80 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY/REGION, 2018–2026 (MILLION LITERS) 124
TABLE 81 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2018–2026 (USD MILLION) 124
TABLE 82 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 125
TABLE 83 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION) 125
TABLE 84 ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION, 2018–2026 (USD MILLION) 125
11.6.1 CHINA 126
11.6.1.1 Applications of soy-derived dairy alternatives in various Chinese cuisines to drive the overall growth 126
FIGURE 43 CHINA: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 126
TABLE 85 CHINA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 126
11.6.2 JAPAN 127
11.6.2.1 Changing dietary patterns of the Japanese population fuel the growth of plant-based milk 127
FIGURE 44 JAPAN: CONSUMER PERCEPTION TOWARD DAIRY ALTERNATIVES 127
TABLE 86 JAPAN: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 128
11.6.3 AUSTRALIA & NEW ZEALAND 128
11.6.3.1 Consumers seeking nutritional products to drive the growth 128
TABLE 87 AUSTRALIA & NEW ZEALAND: DAIRY ALTERNATIVES MARKET SIZE,
BY SOURCE, 2018–2026 (USD MILLION) 128
11.6.4 INDIA 129
11.6.4.1 Change in dietary preferences among consumers to drive the growth 129
TABLE 88 INDIA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 129
11.6.5 REST OF ASIA PACIFIC 129
11.6.5.1 Consumer inclination toward vegetarian and plant-based healthy products to drive the growth 129
TABLE 89 REST OF ASIA PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE, 2018–2026 (USD MILLION) 130
11.7 SOUTH AMERICA 130
TABLE 90 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 131
TABLE 91 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (MILLION LITERS) 131
TABLE 92 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION, 2018–2026 (USD MILLION) 131
TABLE 93 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 132
TABLE 94 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION) 132
TABLE 95 SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION, 2018–2026 (USD MILLION) 132
11.7.1 BRAZIL 133
11.7.1.1 Growth in soybean production and rising health concerns among consumers to drive the dairy alternatives market in Brazil 133
FIGURE 45 SOYBEAN PRODUCTION IN BRAZIL, 2015-2020 (MMT) 133
TABLE 96 BRAZIL: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 134
11.7.2 ARGENTINA 134
11.7.2.1 Rising concerns about clean label products and growing vegan trend to drive the dairy alternatives market in Argentina 134
TABLE 97 ARGENTINA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 135
11.7.3 REST OF SOUTH AMERICA 135
TABLE 98 REST OF SOUTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE,
BY SOURCE, 2018–2026 (USD MILLION) 135
11.8 REST OF THE WORLD (ROW) 136
TABLE 99 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (USD MILLION) 136
TABLE 100 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2018–2026 (MILLION LITERS) 136
TABLE 101 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2018–2026 (USD MILLION) 136
TABLE 102 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 137
TABLE 103 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY DISTRIBUTION CHANNEL, 2018–2026 (USD MILLION) 137
TABLE 104 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2018–2026 (USD MILLION) 137
11.8.1 MIDDLE EAST 138
11.8.1.1 Rising demand for functional foods and nutritional products to drive the growth 138
TABLE 105 MIDDLE EAST: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 138
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11.8.2 AFRICA 138
11.8.2.1 Rise in health concerns among consumers to drive the growth 138
TABLE 106 AFRICA: DAIRY ALTERNATIVES MARKET SIZE, BY SOURCE,
2018–2026 (USD MILLION) 139

12 COMPETITIVE LANDSCAPE 140
12.1 OVERVIEW 140
12.2 MARKET SHARE ANALYSIS, 2019 140
FIGURE 46 MARKET SHARE ANALYSIS OF MAJOR PLAYERS IN THE DAIRY ALTERNATIVES MARKET, 2019 141
12.3 COMPANY EVALUATION QUADRANT, 2019 (KEY PLAYERS) 141
12.3.1 STARS 141
12.3.2 EMERGING LEADERS 141
12.3.3 PERVASIVE PLAYERS 141
12.3.4 PARTICIPANTS 142
FIGURE 47 DAIRY ALTERNATIVES MARKET: COMPANY EVALUATION QUADRANT,
2019 (KEY PLAYERS) 142
12.4 PRODUCT FOOTPRINT 143
TABLE 107 DAIRY ALTERNATIVES MARKET: COMPANY SOURCE FOOTPRINT 143
TABLE 108 DAIRY ALTERNATIVES MARKET: COMPANY APPLICATION FOOTPRINT 143
TABLE 109 DAIRY ALTERNATIVES MARKET: COMPANY REGIONAL FOOTPRINT 143
12.5 COMPANY EVALUATION QUADRANT (OTHER PLAYERS) 144
12.5.1 PROGRESSIVE COMPANIES 144
12.5.2 STARTING BLOCKS 144
12.5.3 RESPONSIVE COMPANIES 144
12.5.4 DYNAMIC COMPANIES 144
FIGURE 48 DAIRY ALTERNATIVES MARKET: COMPANY EVALUATION QUADRANT FOR OTHER PLAYERS, 2019 145
12.6 COVID-19-SPECIFIC COMPANY RESPONSE 146
12.7 COMPETITIVE SCENARIO 147
12.7.1 EXPANSIONS & INVESTMENTS 147
TABLE 110 EXPANSIONS & INVESTMENTS, 2019-2020 147
12.7.2 NEW PRODUCT LAUNCHES 147
TABLE 111 NEW PRODUCT LAUNCHES, 2019-2020 147
12.7.3 AGREEMENTS 148
TABLE 112 AGREEMENTS, 2019 148
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13 COMPANY PROFILES 149
13.1 KEY PLAYERS 149
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
13.1.1 THE HAIN CELESTIAL 149
FIGURE 49 THE HAIN CELESTIAL: COMPANY SNAPSHOT 149
FIGURE 50 THE HAIN CELESTIAL: SWOT ANALYSIS 152
13.1.2 BLUE DIAMOND GROWERS 153
FIGURE 51 BLUE DIAMOND GROWERS: COMPANY SNAPSHOT 153
FIGURE 52 BLUE DIAMOND GROWERS: SWOT ANALYSIS 155
13.1.3 SUNOPTA 156
FIGURE 53 SUNOPTA: COMPANY SNAPSHOT 156
FIGURE 54 SUNOPTA: SWOT ANALYSIS 158
13.1.4 SANITARIUM HEALTH AND WELLBEING COMPANY 159
FIGURE 55 SANITARIUM HEALTH AND WELLBEING COMPANY: SWOT ANALYSIS 160
13.1.5 DANONE 161
FIGURE 56 DANONE: COMPANY SNAPSHOT 161
FIGURE 57 DANONE: SWOT ANALYSIS 164
13.1.6 FREEDOM FOODS GROUP 165
FIGURE 58 FREEDOM FOODS GROUP: COMPANY SNAPSHOT 165
FIGURE 59 FREEDOM FOODS GROUP: SWOT ANALYSIS 166
13.1.7 EARTH?S OWN FOOD COMPANY 167
13.1.8 TRIBALLAT NOYAL 168
13.1.9 VALSOIA S.P.A 170
FIGURE 60 VALSOIA S.P.A: COMPANY SNAPSHOT 170
13.1.10 PANOS BRANDS 173
13.2 OTHER PLAYERS 174
13.2.1 MELT ORGANIC 174
13.2.2 OATLY 175
13.2.3 LIVING HARVEST FOODS 177
13.2.4 RIPPLE FOODS 178
13.2.5 KITE HILL 179
13.2.6 CALIFIA FARMS 181
13.2.7 HUDSON RIVER FOODS INC. 183
13.2.8 DAIYA FOODS INC. 184
13.2.9 PUREHARVEST 185
13.2.10 YOCONUT DAIRY FREE 186
13.2.11 YUMBUTTER 187
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
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14 APPENDIX 188
14.1 DISCUSSION GUIDE 188
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 193
14.3 AVAILABLE CUSTOMIZATIONS 195
14.4 RELATED REPORTS 195
14.5 AUTHOR DETAILS 196