Global Dairy Alternatives Market
The Global Dairy Alternatives Market was valued at US$ 29.07 Billion in 2023, and it is proected to grow at a robust CAGR of 11.22% between 2024 and 2032, reaching an estimated value of US$ 75.70 Billion by 2032. Dairy alternatives are plant-based products designed to replace traditional dairy, providing an essential solution for those seeking lactose-free, lower-fat, and more sustainable alternatives to animal-derived dairy products. The market is driven by an increasing awareness of health benefits, sustainability concerns, and a shift toward vegan and plant-based diets.
Request a free sample copy of the report: https://www.renub.com/dairy-alternatives-market-consumption-forecast-global-analysis-by-plant-based-milk-regions-companies-p.php
Key Drivers of Growth in Dairy Alternatives
- Rise in Lactose Intolerance and Milk Allergies
The prevalence of lactose intolerance is a significant driver for the global demand for dairy alternatives. According to the National Institute of Diabetes and Digestive and Kidney Diseases, an estimated 68% of the global population is affected by lactose malabsorption. Additionally, about 2-6% of individuals are allergic to milk proteins, further boosting the demand for plant-based substitutes.
- Vegan and Plant-Based Lifestyle
The growing adoption of veganism and plant-based diets is accelerating the market for dairy-free products. Veganism, driven by health concerns, environmental sustainability, and animal welfare considerations, is a powerful force in the shift toward dairy alternatives. As more consumers adopt plant-based diets, the need for dairy substitutes such as almond, soy, and oat milk continues to rise.
- Health and Sustainability Consciousness
Consumers are increasingly looking for healthier and environmentally friendly alternatives to dairy. Dairy substitutes are not only free from lactose, fat, and cholesterol but are also packed with essential vitamins and minerals, making them a popular choice among health-conscious individuals.
Global Dairy Alternatives Market Trends
North America Market
The North American dairy alternatives market is one of the largest globally. In the United States, demand for dairy alternatives is being fueled by rising lactose intolerance rates, growing health consciousness, and an increasing vegan population. The market is further supported by innovations in product offerings such as almond, oat, and soy-based milk, alongside creative marketing campaigns by major brands like Silk and Chobani.
Europe Market
In Europe, countries such as Germany and the United Kingdom are leading the shift toward dairy-free alternatives. The demand for plant-based milk, yogurt, and cheese is surging as consumers become more aware of the health benefits and sustainability advantages of plant-based products. Veganism and flexitarian diets are gaining popularity, particularly in Western European nations.
Asia-Pacific Market
The Asia-Pacific region, particularly India, China, and Japan, has long had a tradition of plant-based diets, which facilitates the adoption of dairy alternatives. In India, about 13% of the population follows a vegan diet, creating a robust demand for plant-based beverages and products. Soy milk and almond milk are already well-established, with increasing consumer preference for new innovations like oat and coconut-based alternatives.
Recent Developments in the Dairy Alternatives Market
The dairy alternatives market is witnessing innovation, with companies continuously expanding their product offerings to cater to diverse consumer preferences.
-
- Silk launched a campaign in 2023 featuring celebrity children to promote its plant-based milk range, inspired by the iconic “Got Milk?” campaign, showcasing a fun, dairy-free approach to milk.
- Califia Farms, a leading California-based plant-based beverage company, introduced Califia Farms Complete, a protein-rich plant-based milk made from pea, fava bean, and chickpea proteins, with 50% less sugar compared to traditional dairy milk.
- Oatly launched Super Basic Oatmilk in the US market in 2024, which is a low-sugar oat milk designed to cater to growing consumer demand for healthier, clean-label alternatives.
Regional Insights and Market Share
- North America: The United Statesholds a significant share, driven by increasing awareness of health and environmental concerns.
- Europe: Germanyis experiencing rapid growth due to rising veganism and flexitarian diets.
- Asia-Pacific: India and China are emerging as key markets for dairy alternatives, particularly driven by lactose intolerance and cultural preferences for plant-based diets.
Product Segmentation
The dairy alternatives market can be divided based on product types and sources:
-
- Product Types: Milk, Yogurt, Cheese, Ice Cream, Creamer, Others.
- Sources: Soy, Almond, Coconut, Rice, Oats, Others.
- Distribution Channels: Supermarkets & Hypermarkets, Convenience Stores, Online Retail, Others.
Leading Companies in the Dairy Alternatives Market
Prominent players in the dairy alternatives market include:
- Danone S.A.
- SunOpta Inc.
- Blue Diamond Growers Inc.
- Noumi Limited
- Vitasoy International Holdings Limited
- Oatly Group AB
- The Hain Celestial Group Inc.
- Archer-Daniels-Midland Company
These companies are focusing on expanding their product lines, strengthening distribution channels, and innovating with flavors and nutritional fortifications to attract a broader consumer base.
Related Report :
United States Organic Dairy Market
About the Company:
Renub Research is a Market Research and Consulting Company. We have more than 15 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.
Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +91-120-421-9822 (IND) | +1-478-202-3244 (USA)
Email: rajat@renub.com