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INDUSTRY INSIGHT
Market Overview
• Global Dairy Alternative Products Market is
forecasted to reach USD 23.35 billion growing at a
CAGR1 of 9.85% during the forecast period (2019 -
2024).
• Rising consumer demand on nutritional values
offered by dairy substitutes is likely to have a
positive impact on the non-dairy beverage market.
• The dairy alternatives market is growing due to an
increase in consumer health consciousness,
growing lactose intolerance, and consumer
preference for a vegan diet.
Source: Mordor Intelligence, 20191Compound Annual Growth Rate
INDUSTRY INSIGHT
Asia-Pacific to Dominate the Global Market
• Asia-Pacific was the largest geographical segment of the market studied.
• The rise of health and wellness trend in Asia-Pacific has convey the issue of food intolerances
and allergies to the forefront of modern consumers’ minds, boosting the consumption of dairy
alternative products.
• Consumers of plant-based protein in Asia-Pacific have adopted a dairy-free diet to improve their
health and well-being, as plant-based diets can not only help curb obesity, stroke, and heart
disease, prevent a variety of cancers, reduce cholesterol and arthritis pain, but also lower blood
sugar, and increase energy and mental clarity.
Source: Mordor Intelligence, 2019
Dairy Alternative Products Market: Growth Rate,
by Region, Global, 2019 – 2024
INDUSTRY INSIGHT
Source: Mordor Intelligence, 2019
MARKET SEGMENTATION
BY TYPES
Non-Dairy BeveragesBy types
Dairy free beverages include
• Soy milk, almond milk, coconut milk, rice milk,
and other types
The other beverages include
• Cashew milk, pea milk, oat milk, hemp milk
Source: Mordor Intelligence, 2019
KEY MARKET TRENDS
SustainabilityMore than just unique nutritional
profile
• Each variety of non-dairy milk offers a
distinctive nutritional profile, along with a wide
range of values for protein, carbohydrates,
healthy fats, vitamins and minerals.
• More importantly, other than nutritional profile,
words like “sustainable”, “green”, and “eco”
even leafy packaging or other marketing
materials tend to bombard attentions of
consumers every single day.
• With advertising messages, this could drives
the consumption of dairy alternatives in the
market, which are usually being positioned as
sustainable products across the retail shelves.
Source: Mordor Intelligence, 2019
Plant-based
• The most vital factor associated with the
increased popularity of plant-based milk is its
production process, that is free of animal
cruelty.
• Moreover, plants are less expensive to grow -
plants such as hemp, flex, cashew, almond,
and soy used to produce milk require less
manpower, less maintenance, water, and
space.
• On the other hand, non-dairy milks provide
hormones and antibiotic-free products, which
has been helping health-conscious people
maintain their diet preferences.
• The changing consumer lifestyles owing to the
growing health concerns among people about
diabetes and obesity are thus slated to
enhance plant milk market size.
KEY MARKET TRENDS
Source: New Nutrition Business, 2019; Market Watch, 2019b
Healthier Diets: Natural
and Organic• The modern generation is becoming more
interested in pursuing a healthy lifestyle.
• The increasing focus on health concerns
such as cholesterol, weight management,
chronic heart diseases, and others is fueling
the adoption of dairy-free products in the
APAC market.
• Natural and organic food is driving the need
for dairy-free products in the North American
market.
KEY MARKET TRENDS
Source: Report Buyer, 2019
Focus on Nutritional
Values
Low calories, high proteins & vitamins
• Rising consumer focus on nutritional values
such as low calories, contains no artificial
ingredients, and protein-rich and vitamins
offered by milk substitutes or dairy analogs are
likely to have a positive impact on the market.
• These products can be fortified with vitamin D,
calcium, and DHA, which supplements their
nutritional values.
• Increasing consumer knowledge about milk
analogs is anticipated to fuel market growth.
KEY MARKET TRENDS
Source: Grand View Research, 2019
Plain and Unsweetened
• The plain unsweetened formulation is
anticipated to dominate the market due to the
growing demand for unsweetened food
items.
• The plain formulation is expected to have a
growth of 12.2% during the forecast period
accounting for more than 70% of the market
in 2018.
• Rising demand for the plain/unflavoured type
of dairy alternatives like soy milk, almond
milk, and rice milk among others is estimated
to fuel the market growth.
KEY MARKET TRENDS
Source: Reports and Data, 2019; Market Watch, 2019a
Sustainability
So Delicious Dairy-Free Organic
Unsweetened Almond Cashew Milk
MARKET EXAMPLES
Blue Diamond Vegan Almond Milk
Vanilla Flavour
Sustainability
Pacific Foods Organic Select Soy
Vanilla Flavour
MARKET EXAMPLES
Elmhurst Unsweetened
Almond Milk
MARKET EXAMPLES
Plant-based
Living Harvest Unsweetened Original Hemp Milk
An Excellent Source of Omega 3+6, Calcium, Vitamin
B12 & Vitamin D
Gluten Free, Soy Free, Non-GMO
Ingredients: Hemp Nut Base [Filtered Water, Hemp
Nut (Shelled Hemp Seed)], Vanilla Extract,
Sunflower Lecithin, Tri-Calcium Phosphate,
Gellan Gum, Sea Salt, Vitamin A Palmitate,
Vitamin D2, Riboflavin, Vitamin B12.
MARKET EXAMPLES
Rude Health Tiger Nut Drink
Gluten Free, Without Thickeners, Dairy Free, No Added Sugar
Ingredients: Spring Water, Organic Rice, Organic Tiger Nuts
(6%), Sea Salt.
Plant-based
Mariani Walnut Milk
50% More Calcium than Typical Dairy Milk
45 Calories Per 8oz Serving
Walnuts are a significant source of ALA, a plant-
based omega-3 fatty acid that has been found to
benefit heart health.
Ingredients for Original Flavour: Walnut Milk
(Water, Walnuts), Cane Sugar, Contains 1% or
less of the following: Calcium Carbonate,
Tapioca Starch, Sea Salt, Sunflower Lecithin (an
Emulsifier), Dipotassium Phosphate, Natural
Flavour, Gellan Gum, Organic Locust Bean
Gum, Vitamin Blend (dl-Alpha-Tocopheryl
Acetate, Ergocalciferol, Vitamin A Palmitate),
Almond Butter (Almonds).
MARKET EXAMPLES
Varieties: Original, Unsweetened and Vanilla
Plant-based
MARKET EXAMPLES
So Delicious Dairy Free Unsweetened Cashew Milk
Certified Vegan
Non-GMO Project Verified
No Artificial Flavours, Colours, or Sweeteners
Cholesterol Free
Ingredients: Cashew Milk (Water, Cashews), Non-
GMO Canola Oil, Calcium Phosphate, Magnesium
Phosphate, Locust Bean Gum, Gellan Gum, Guar
Gum, Vitamin A Acetate, Sea Salt, Vitamin D-2, L-
Selenomethionine (Selenium), Zinc Oxide, Folic Acid,
Vitamin B-12.
Plant-based
OATH Organic Oat Milk with Almond and/or
Pumpkin Seed Protein
Organic
Vegan
Kosher
Dairy-Free, Gluten-Free
Non-GMO, No Gums, No Soy
Ingredients: Oat Milk (Purified Water, Organic
Oats), Natural Mixed Tocopherols, Organic
Almond Protein, Organic Pumpkin Seed
Protein, Organic Apple Extract, Organic Panela,
Organic Rose Water, Organic Vanilla Extract,
Organic Cardamom, Organic Fennel, Organic
Cinnamon, Organic Black Pepper, Organic
Nutmeg, Himalayan Pink Salt, Organic Saffron.
Varieties: Indian Rose, Matcha Chai, Golden
Turmeric, Double Chocolate
MARKET EXAMPLES
Plant-based
MARKET EXAMPLES
Innocent Dairy Free Hazelnut Milk
Naturally dairy & lactose free
No additives, no stabilisers, no funny business
A source of vitamin E
Suitable for vegetarians & vegans
Ingredients: Roasted Hazelnuts, Spring Water, Rice and a
touch of Sea Salt.
Plant-based
MARKET EXAMPLES
Pacific Natural Rice Milk Vanilla Flavour
A refreshing alternative to dairy, our rice beverage is naturally
sweet with no added sugar. As great on its own as it is in
recipes.
Ingredients: Filtered Water, Brown Rice, Expeller Pressed
Canola Oil, Natural Vanilla Flavour with other Natural
Flavours, Tricalcium Phosphate, Sea Salt, Guar Gum,
Xanthan Gum, Carob Bean Gum, Carrageenan, Vitamin A
Palmitate, Vitamin D2.
Plant-based
MARKET EXAMPLES
Varieties: Original, Unsweetened Original, Vanilla,
Unsweetened Vanilla, Chocolate
Ripple Nutritious Pea Milk
Ingredients for Original Flavour: Water, Ripptein® (Water, Pea Protein), Cane Sugar, Sunflower Oil,
Contains less than 1% of Vitamin A Palmitate, Vitamin D2, Vitamin B12, Tricalcium Phosphate,
Dipotassium Phosphate, Sunflower Lecithin, Natural Flavour, Sea Salt, Guar Gum, Gellan Gum.
Plant-based
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Gobeyond Organic Flax Hemp Milk
Ingredients: Organic Flax/Hemp Cream (Filtered Water,
Organic Flax Oil, Organic Hemp Oil), Organic Brown
Rice Solids, Organic Brown Rice Syrup, Organic
Tapioca, Non-GMO Sunflower Lecithin, Himalayan
Salt, Organic Guar Gum, Xanthan Gum, Organic
Vanilla Extract, Organic Stevia.
Kirkland Organic Rice Milk Original
Certified USDA Organic
Gluten Free
Dairy, Lactose, Soy Free
Cholesterol Free
Ingredients: Filtered Water, Partially Milled Organic
Brown Rice, Organic Expeller Pressed Sunflower Oil
and/or Organic Expeller Pressed Safflower,
Tricalcium Phosphate, Sea Salt, Vitamin A
Palmitate, Vitamin D2, Vitamin B12, Folic Acid.
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Forager Project Organic Creamy Unsweetened Cashew Milk
Made with Organic Cashews & Vanilla
Pure cashew milk made from real ingredients, a perfect part of
your daily ritual.
Certified organic by CCOF
Ingredients: Cashew Milk (Filtered Water, Cashews), Vanilla
Extract, Fenugreek, Konjac, Sea Salt.
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Koita Non-GMO Soy Milk
Great Tasting, Non-GMO Soy Milk
Certified Organic
No Added Preservatives
Added Calcium
Added Vitamins B2, B12 and D2
Ingredients: Water, Soy Seeds (7.5%), Brown Sugar, Calcium
from Seaweed, Sea Salt, Stabilizer: E418 (Gellan Gum),
Emulsifier: E471 (Mono-and Diglycerides of Fatty Acids from
Palm Oil), Natural Identical Flavours (Cream), Acidity
Regulator: E340 (Potassium Dihydrogen Phosphate),
Vitamin B2, Vitamin B12, Vitamin D2.
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Trader Joe's Organic Rice Drink
Enriched with Vitamins A, D, B12, and Calcium
Gluten Free
Lactose and Soy Free
Low Sodium
Vegan
Ingredients: Filtered Water, Organic Brown Rice (Partially
Milled), Organic Expeller Pressed Safflower Oil and/or
Sunflower Oil and/or Canola Oil, Tricalcium Phosphate,
Sea Salt, Vitamin A Palmitate, Vitamin D2, Vitamin B12.
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Australia’s Own Unsweetened Coconut Milk
The perfect option if you are looking for a dairy free or
lactose free plant-based substitute.
Contains no added sugar and is free from soy, gluten
and lactose.
Best of all, it is endorsed with the Australian Certified
Organic Bud Logo to ensure consumers of its organic
authenticity.
Ingredients: Filtered Australian Water, Organic
Coconut Cream (7.5%), Salt, Stabiliser (Locust Bean
Gum, Sodium Alginate, Guar Gum).
Healthier Diets: Natural and Organic
MARKET EXAMPLES
Qwrkee Pea M’lk
Source of Omega 3
8g Protein Per Serving
Source of Fibre
Ingredients for Unsweetened Flavour: Water, Pea
Protein, Rapeseed Oil, Maltodextrin, Inulin, Natural
Flavour, Sunflower Lecithin, Sea Salt, Gellan Gum,
Vitamins & Minerals : Tricalcium Phosphate,
Potassium Iodide, Iron (II)-L-2-Hydroxy-Proportionate,
Vitamin B2, D2, B12, A.
Focus on Nutritional Values
MARKET EXAMPLES
Focus on Nutritional Values
Bolthouse Farm Non-Dairy Plant Protein
Milk
10g Pea Protein Per Serving
50% More Calcium than Traditional Dairy Milk
Ingredients for Original Flavour: Water, Pea
Protein, Contains less than 2% of Cane
Sugar, Sunflower Oil, Sea Salt, Sunflower
Lecithin, Natural Flavours, Gellan Gum,
Carob Bean Gum, Tricalcium Phosphate,
Vitamin A Palmitate, Vitamin D2, Vitamin E
(D-Alpha-Tocopheryl), Vitamin B12,
Dipotassium Phosphate.
MARKET EXAMPLES
Varieties: Vanilla, Unsweetened, Original, Chocolate
Focus on Nutritional Values
Manitoba Harvest Organic Hemp Bliss
Each 250ml serving (1 cup) contains 4g of
omega-3 and omega-6 and 2g of protein
Ingredients for Vanilla Flavour: Organic
Hemp Base (Filtered Water, Organic Shelled
Hemp Seed), Organic Evaporated Cane
Juice, Organic Hemp Oil, Tri-Calcium
Phosphate, Organic Vanilla Flavour, Sea
Salt, Organic Gum Acadia, Organic Guar
Gum, Xanthan Gum.
MARKET EXAMPLES
Varieties: Unsweetened Original, Original, Vanilla
Wholesome Pantry Unsweetened Original Almond
Milk
Excellent Source of Calcium & Vitamin D
Rich in Antioxidants and Added Vitamins & Minerals
Ingredients: Almond Milk (Filtered Water, Almonds),
Tricalcium Phosphate, Sea Salt, Gellan Gum,
Dipotassium Phosphate, Xanthan Gum, Sunflower
Lecithin, Vitamin A Palmitate, Vitamin D2, D-Alpha
Tocopherol (Natural Vitamin E).
MARKET EXAMPLES
Focus on Nutritional Values
Silk Unsweetened Almond Coconut Blend
Get best of both oh-so-mmm-almond and craveable coconut —
without added sugar
35 Calories Per Serving
Excellent Source of Calcium and Antioxidant Vitamin E
Low in Saturated Fat
Free from Dairy, Gluten, Carrageenan, Cholesterol, and Artificial
Colours & Flavours
Verified by the Non-GMO Project’s Product Verification Program
Ingredients: Almond Milk (Filtered Water, Almonds), Coconut Milk
(Filtered Water, Coconut Cream), Contains 2% or less of: Vitamin
And Mineral Blend (Calcium Carbonate, Vitamin E Acetate,
Vitamin A Palmitate, Vitamin D2), Sea Salt, Natural Flavour,
Sunflower Lecithin, Locust Bean Gum, Gellan Gum.
Focus on Nutritional Values
MARKET EXAMPLES
YoFiit Miylk10
70 Calories Per Serving
YoFiit creates the first plant-based milk substitute using
chickpeas, peas and vegan omega 3 oil, boasting 10 g of
protein & 1000 mg of omega 3.
Scientifically formulated so that it does not contain any of
the stuff consumers no longer want such as carrageenan,
sugar or any extra gums.
Ingredients: Chickpea Base (Water, Organic Ground
Chickpea), Non-GMO Pea Protein, Organic Flax Seed Oil,
Calcium, Natural Flavour.
Focus on Nutritional Values
MARKET EXAMPLES
Plain and Unsweetened
Good Karma Unsweetened Flax Milk
This unsweetened flax milk is as creamy and versatile as
the original with no sugar added and only 25 calories!
1,200mg of Omega-3s Per Serving
Ingredients: Flax Milk (Filtered Water, Cold Pressed
Organic Flax Oil), Tapioca Starch, Tricalcium
Phosphate, Sunflower Lecithin, Natural Flavours, Sea
Salt, Gellan Gum, Xanthan Gum, Vitamin A Palmitate,
Vitamin D2, Vitamin B12.
MARKET EXAMPLES
Mighty Society Unsweetened Pea Milk
A deliciously smooth & creamy dairy free alternative to
milk made from yellow split peas & packed with
nutrients.
No Dairy, Nuts or Soy
8g of Plant Protein
50% More Calcium than Cow's Milk
No Added Sugar
Ingredients: Water, Pea Protein (4.1%), Sunflower
Oil, Calcium Carbonate, Tapioca Starch, Natural
Flavouring, Emulsifier (Sunflower Lecithin),
Stabiliser (Gellan Gum), Sea Salt, Acidity Regulator
(Potassium Carbonate), Vitamins (D, B12).
MARKET EXAMPLES
Plain and Unsweetened
Rebel Kitchen Semi Skimmed Mylk
Bold Taste - fewer ingredients, nothing added
Big Ethics - always organic, responsibly sourced and
produced
Organic
Dairy, Gluten & Soya Free
Non-GMO
No Refined Sugar, Additives or Preservatives
Suitable for Vegans
Ingredients: Spring Water, Coconut Cream*, Brown
Rice*, Cashew*, Himalayan Salt, Nutritional Yeast,
*Organic.
Plain and Unsweetened
MARKET EXAMPLES
Plain and Unsweetened
MARKET EXAMPLES
Eden Foods Organic Unsweetened EdenSoy® Soymilk
Highest in Whole Soy Protein of All Soymilk - 12g Per Serving
4.5g of Essential Fatty Acids (EFAs) - Omega 3, 6 & 9
Edensoy remains the only U.S.A. soymilk that is properly
prepared to nurture human beings.
Ingredients: Reverse Osmosis Purified Water and Organic
Soybeans
365 Everyday Value Organic Unsweetened Soy Milk
With no added cane juice or sweeteners, only natural flavours are
used for a deliciously smooth taste.
Excellent Source of Calcium, Vitamins B12 & D
Good Source of Vitamin A
Low Sodium, Carrageenan Free, Non-Dairy & Lactose free
Certified Organic, Certified Kosher, Certified Vegan
Ingredients: Organic Soymilk (Filtered Water, Organic
Soybeans), Calcium Carbonate, Sea Salt, Organic Natural
Flavour, Gellan Gum, Organic Locust Bean Gum, Vitamin A
Palmitate, Ergocalciferol (Vitamin D2), Riboflavin (Vitamin B2),
Cyanocobalamin (Vitamin B12).
MARKET EXAMPLES
Plain and Unsweetened
Blue Diamond Unsweetened Almond Cashew Milk
Delicious by the glass, in smoothies, and in your favourite
recipes
25 Calories Per Serving
Calcium Enriched
Ingredients: Almond Milk (Filtered Water, Almonds),
Cashew Milk (Filtered Water, Cashews), Calcium
Carbonate, Sea Salt, Guar Gum, Potassium Citrate,
Natural Flavours, Sunflower Lecithin, Gellan Gum,
Vitamin A Palmitate, Vitamin D2, D-Alpha-Tocopherol
(Natural Vitamin E).
Plain and Unsweetened
MARKET EXAMPLES
GLOBAL NON-DAIRY BEVERAGES
MARKET TRENDS 2020
References
Grand View Research. (2019). Dairy Alternatives Market Size, Share & Trends Analysis Report By
Product (Soy Milk, Almond Milk, Rice Milk), By Formulation (Plain, Flavored), By Application (Food,
Beverages), And Segment Forecasts, 2019 – 2025, Industry Report.
Market Watch. (2019a). Global Dairy Alternatives Market: Trends, Demand, Production, Sales,
Supply, Analysis & Forecast to 2023, Industry Report.
Market Watch. (2019b). Plant Milk Market 2019-2024 Size Share, Growth Forecast- Global Industry
Outlook, Industry Report.
Mordor Intelligence. (2019). Dairy Alternative Products Market – Growth, Trends, and Forecast
(2019 – 2024), Industry Report.
New Nutrition Business. (2019). 10 Key Trends in Food, Nutrition & Health 2020, Industry Report.
Reports and Data. (2019). Dairy Alternatives Market By Product Type (Soy Milk, Almond Milk,
Coconut Milk, Rice Milk, Oat Milk, Hemp Milk, and Others), By Formulation, By Application, By
Distribution Channel And Segment Forecasts, 2016-2026, Industry Report.
Report Buyer. (2019). Non-Dairy Milk Market - Global Outlook and Forecast 2019-2024, Industry
Report.
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