Dairy alternatives are any food that mimics a product derived from milk: milk, cheese, butter, cream, and yogurt. They are used to replace dairy products in a variety of baked goods, such as cakes, cookies, brownies, bread, among others. The global dairy alternative market is expected to increase by USD 10 billion, at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2028, according to the latest edition of the Global Dairy Alternative Market Report.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global dairy alternative market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the dairy alternative industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, distribution channel, and region. The global market for dairy alternative can be segmented by product: almond , coconut, hemp, oats, rice , soy . The almond segment held the largest share of the global dairy alternative market in 2021 and is anticipated to hold its share during the forecast period. Dairy alternative market is further segmented by distribution channel: convenience stores, drug stores & pharmacies, e-commerce, hypermarkets & supermarkets, others. Globally, the convenience stores segment made up the largest share of the dairy alternative market. Based on region, the dairy alternative market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Asia Pacific was the largest contributor to the global dairy alternative market in 2021.

By product:

  • almond
  • coconut
  • hemp
  • oats
  • rice
  • soy

By distribution channel:

  • convenience stores
  • drug stores & pharmacies
  • e-commerce
  • hypermarkets & supermarkets
  • others

By region:

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World (RoW)

The report also provides a detailed analysis of several leading dairy alternative market vendors that include Campbell Soup Company, Danone S.A., Freedom Food Group Ltd., Kikkoman Corporation, Vitasoy International Holdings Limited, among others.

Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

  • To analyze and forecast the market size of the global dairy alternative market.
  • To classify and forecast the global dairy alternative market based on product, distribution channel, region.
  • To identify drivers and challenges for the global dairy alternative market.
  • To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global dairy alternative market.
  • To identify and analyze the profile of leading players operating in the global dairy alternative market.

Why Choose This Report

  • Gain a reliable outlook of the global dairy alternative market forecasts from 2022 to 2028 across scenarios.
  • Identify growth segments for investment.
  • Stay ahead of competitors through company profiles and market data.
  • The market estimate for ease of analysis across scenarios in Excel format.
  • Strategy consulting and research support for three months.
  • Print authentication provided for the single-user license.