Dairy Alternatives Market Size, Share & Industry Analysis, By Source (Soy, Almond, Coconut, Rice, Oats, and Others), Product Type (Non-dairy Milk, Butter, Cheeses, Yogurts, Ice Cream, and Others), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecasts, 2020 -2029 (Includes COVID-19 Business Impact)

                                          
We have updated Dairy Alternatives Market with respect to COVID-19 Business Impact.
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This report focuses on the Dairy Alternatives market and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Dairy Alternatives market size by analyzing historical data and future prospects. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America.


Global Dairy Alternatives Market: Segment Analysis


The research report includes specific segments by region (country), by Company, by Type, and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2029. An in-depth analysis of the segments assists in identifying the different factors that will aid market growth.


Global Dairy Alternatives Market: Regional Analysis


The research report includes a detailed study of regions of North America, Europe, Japan, China, Southeast Asia, India, Latin America, and South America. The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Researchers have studied the data of revenue, sales, and manufacturers of each mentioned region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2029.


Global Dairy Alternatives Market: Competitive Landscape


This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2019 to 2029.
List of Companies Profiled

Highly Dynamic and Moderately Consolidated Market Conditions in Global Dairy Alternatives Space
The global dairy alternatives market is moderately consolidated with the significant presence of key dairy giants. These players are also actively embarking on acquisitions and mergers to further strengthen their position and make a decisive shift to ensure their future growth amidst a decline in the popularity of dairy products. For instance, Danone S.A., a French multinational food-products corporation, recently acquired several leading plant-based brands, such as Silk, Vega, and Alpro to strengthen its vegan products portfolio. The competitive intensity of the market is expected to enhance during the foreseeable years if such globally recognized players develop and offer dairy alternatives that are not only nutritionally adequate and environmentally sound, but also economical and acceptable. At the same time, they are constantly trying to keep up with the dairy substitutes market trends to create more products.

LIST OF KEY COMPANIES COVERED:

  
Danone S.A.
  
The Whitewaves Food Company
  
Blue Diamond Growers
  
SunOpta, Inc.
  
Vitasoy International Holdings Ltd
  
Daiya Food, Inc.
  
Goya Foods, Inc.
  
Living Harvest Foods, Inc.
  
Organic Valley
  
Eden Foods, Inc.

Report Coverage

Dairy alternatives are witnessing rapid growth in sales amidst the rising awareness of lactose intolerance. Consumers are increasingly seeking out for vegan options to conventional dairy products, thereby giving the much-needed thrust to manufacturers that develop substitutes from rice, almond, soy, coconut, hazelnut, and other non-animal products. Whole Foods notes that in the U.S., around 87% of Americans consume plant-based proteins and nearly two-thirds do so once a week or more often. According to the Proceedings of the National Academy of Sciences of the United States of America (PNAS), transitioning toward more plant-based diets that are in line with the standard dietary guidelines could reduce global mortality by 6“10% and food-related greenhouse gas emissions by anywhere between 29“70% as compared to a reference scenario in 2050. The plant-based revolution is here to stay with the growing number of consumers adapting their dietary practices to the changing habits and issues spanning healthy eating, sustainability, and ethical choices.

The report also provides qualitative and quantitative insights on the dairy alternatives market along with a detailed analysis of the market size and growth rates for all possible segments in the market.

Along with this, the dairy alternatives market report provides an exhaustive analysis of the market dynamics and competitive scenario. Various critical insights presented in the report are the overview of related markets, recent developments such as mergers & acquisitions, the regulatory situation in prominent countries, and key industry trends.

Report Scope & Segmentation

 Sgmentation

By Source

  
Soy
  
Almond
  
Coconut
  
Rice
  
Oats
  
Others

By Product Type

  
Non-dairy Milk
  
Butter
  
Cheeses
  
Yogurts
  
Ice Cream
  
Others

By Distribution Channel

  
Supermarkets/Hypermarkets
  
Convenience stores
  
Online Retail
  
Others

By Region

  
North America (U.S., Canada, and Mexico)
  
Europe (Germany, France, U.K., Italy, Spain, U.K., and Rest of Europe)
  
Asia Pacific (China, India, Japan, Australia, and the Rest of Asia Pacific)
  
South America (Brazil, Argentina, and Rest of South America)
  
Middle East & Africa (South Africa, UAE, and Rest of the Middle East & Africa)

 INDUSTRY DEVELOPMENTS:

In January 2020, Nestle S.A. announced that it would be launching GoodNes chocolate oat milk, the first non-dairy product line under the companys Nesquik brand. This new product development has taken a cue from the recent trends of consumers seeking for plant-based options with more protein and less sugar.

In January 2020, Starbucks announced that they would be offering two new non-dairy drinks that use plant-based milk alternatives. The two products are almond milk honey flat white and coconut milk latte.
In December 2019, Perfect Day, a food-tech start-up focused on the development of dairy-free products, raised a fund of USD 140 million. Since its inception, the firm has been developing and scaling a method for producing functional protein through the fermentation of microflora.

In Oct 2019, Saputo Dairy U.K. announced the launch of its new Vitalite dairy-free alternatives range as the company aims to make significant strides in the free-from market.

In April 2019, Canadian dairy processor Saputo completed its acquisition of Cathedral City and Clover Owner Dairy Crest, in a deal worth 975 million pounds.

In July 2019, Danone North America expanded its non-dairy portfolio in the U.S. with a new line of oat milk yogurt alternatives.