Post COVID-19 Market Estimates On Dairy Alternatives market- Global Forecast to 2025
Market by Type (Soy, Almond, Coconut, Rice, Oat, Hemp), Formulation (Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened), Application (Food, Beverages), and Region - Global Forecast to 2025
Date : 2020-10-17
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The Dairy Alternatives market, in terms of value, is projected to grow at a CAGR of XX% from 2019 to 2025. The market is estimated to be USD XX Billion in 2019, and is projected to reach XX Billion by 2025. In this study, 2019 has been considered the base year, and 2020 to 2025 the forecast period, for estimating the market size of the global market.
OBJECTIVES OF THE STUDY
- To define, describe, and forecast the Dairy Alternatives market in different segmentations
- To forecast the market size in terms of value for various segments with respect to four main regions: North America, Europe, APAC, and RoW
- To provide detailed information regarding the major factors influencing the growth of the Dairy Alternatives market (drivers, restraints, opportunities, and industry-specific challenges)
- To provide a detailed overview of the value chain in the Dairy Alternatives market and analyze the market trends with Porter’s five forces analysis
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the Dairy Alternatives market
- To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments such as new product launches and developments; agreements and contracts; mergers and acquisitions; and expansions in the global Dairy Alternatives market
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Dairy Alternative Market
4.2 North America: Dairy Alternative Market, By Formulation
4.3 Dairy Alternative Market, By Country
4.4 Life Cycle Analysis, By Region
5 Market Overview
5.2 Market Segmentation
5.3 Market Dynamics
6 Dairy Alternatives Market, By Formulation
6.2 Plain & Sweetened
6.3 Plain & Unsweetened
6.4 Flavored & Sweetened
6.5 Flavored & Unsweetened
7 Dairy Alternatives Market, By Type
7.2 Almond Milk
7.4 Oat Milk
7.5 Hemp Milk
7.6 Coconut Milk
7.7 Rice Milk
8 Dairy Alternatives Market, By Application
8.2.5 Ice Cream
8.3.2 Sauces & Dressings
9 Dairy Alternatives Market, By Nutritive Component
10 Dairy Alternatives Market, By Region
10.2 North America
11 Competitive Landscape
12 Company Profiles
(Business Overview, Financials, Products & Services, Key Developments)*
12.2 The Whitewave Foods Company
12.3 The Hain Celestial Group, Inc.
12.4 Blue Diamond Growers
12.5 Sunopta Inc.
12.6 Sanitarium Health and Wellbeing Company
12.7 Freedom Foods Group Limited
12.8 Eden Foods Inc.
12.9 Nutriops S.L
12.10 Earth’s Own Food Company Inc.
12.11 Triballat Noyal
12.12 Valsoia S.P.A.
12.13 Döhler GmbH
*Details Might Not Be Captured in Case of Unlisted Companies. (List of Tables & Figures Included).
Soy milk estimated to be the largest segment, by type, in 2020
In terms of type, the soy segment is estimated to account for the largest share of the dairy alternatives market in 2020. Soy milk and its products are experiencing steady demand in industrialized countries and occupy a significant share of the dairy alternatives market, especially in Asia-Pacific region. The popularity of soy milk can be attributed to the plethora of varieties, in terms of flavors, blends, fat content, and formulations offered by leading dairy alternative manufacturers. The rising awareness about the nutritional benefits of soy-based products, along with their easy availability, is driving the soy milk market growth. In addition to being lactose- & cholesterol-free, soy milk is also a good source of essential amino acids (high-quality protein), potassium, fiber, and B vitamins which are required for growth. Overall, the market for plant-based dairy alternatives has witnessed significant growth in the last couple of years, due to a steady decline in the consumption of cow milk.
Flavored & sweetened is estimated to be the largest segment in 2020
The flavored & sweetened segment is estimated to account for the largest share of the dairy alternatives market, in terms of value, in 2020. Flavored & sweetened dairy alternatives such as dairy-free yogurt, milk, and frozen dessert alternatives are available in the market to cater to the changing consumer demands and for manufacturers to increase their product offering. Incorporation of flavor enhances the palatability of dairy alternatives such as soy, rice, and oat milk. The widely available flavored plant-based products in the market are vanilla and chocolate, followed by other flavors, such as peach, strawberry, blueberry, and mango. Companies have launched new products with fruit flavors to gain consumer base and increase their market share. The increasing diabetic population has also led to changing dietary preferences, which has further facilitated the rise in the number of different formulations to suit their needs.
Asia-Pacific is estimated to be the most lucrative market for dairy alternatives
In 2020, the Asia-Pacific region is estimated to hold a significant share of the global dairy alternatives market. The major drivers for this significant share are the increasing consumer expectations for innovations and availability of healthy dairy-free food products. The Asia-Pacific market is driven by countries such as China, Japan, South Korea, Taiwan, Singapore, Malaysia, and Indonesia. The primary driver for this region is the increasing consumer demand for lactose-free food products coupled with abundance of soy-based dairy-free products. The dairy alternatives market in this region is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Also, the rising income, purchasing power, rapid growth of the middle-class population, and the increasing consumer awareness about health & fitness are driving the Asia-Pacific market growth.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as the Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), Blue Diamond Growers (U.S.), and SunOpta Inc. (Canada). Other players include Freedom Foods (Australia), Eden Foods (U.S.), Nutriops SL. (Spain), Earths Own Food Company Inc. (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), and Döhler GmbH (Germany).