Global Dairy Alternatives Market Forecast

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Dairy Alternatives

Market

Category: Food, Beverage & Agriculture

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Dairy Alternatives MarketAnalyst View: Dairy Alternatives Market is expected to exceed USD 34 Billion by 2024, growing

with double digit CAGR.

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Research Report Title: Dairy Alternatives Market, Consumption, Forecast,

Global Analysis - By Plant based Milk (Soy, Almond, Rice, Others), Regions (North

America, Asia Pacific, Europe, ROW) Companies (WhiteWave Foods, Organic Valley,

Hain Celestial Group Inc., Blue Diamond Growers Inc., SunOpta Inc., Freedom

Foods Group Ltd., Vitasoy International Holdings Ltd., Kikkoman.)

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Dairy Alternatives Market is expected to exceed USD 34 Billion

by 2024, growing with double digit CAGR.

Dairy Alternatives Market is expected to exceed USD 34 Billion by 2024,

growing with double digit CAGR. Dairy Alternatives are also called plant-based

milk. People who wish to stop using convention milk can now choose from a

range of plant-based milk options. Milk alternatives include Soy Milk, Rice Milk,

Almond Milk, Coconut Milk and Hemp Milk. Most of the stores today store both

types of milk (Animal & Plant based) both in non-refrigerated boxed products as

well as refrigerated varieties.

Global Dairy Alternatives market (plant-based milk) is growing due to

increasing consumer awareness for lactose-free food products including

cheese, desserts, and snacks are expected to drive the demand. In addition,

increasing consumer focus on the healthy diet and nutritional values offered by

the non-dairy product such as low calories and high proteins and vitamins is

likely to have a positive impact on the industry.

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Dairy Alternatives Market is expected to exceed USD 34 Billion

by 2024, growing with double digit CAGR.

Soy Milk holds the highest Market Share

On the basis of source, the market for dairy alternatives (plant-based milk) has

4 segments: Soy Milk, Almond Milk, Rice Milk and Others. Out of all the 4

segments Soy Milk has highest market share globally. Report has also studied

Dairy Alternatives market on the basis of its applications as Food & Beverages.

Roughly two thirds of the world's adult populations are lactose-intolerant. In

Asia and Africa the figure is around 90%. Thus, an increasing number of

consumers are choosing non-dairy milk and products which are lactose-free

because of its benefits over conventional milk.

Regional Outlook – Asia-Pacific have the Maximum Production Share

On the basis of regions, the market for dairy alternatives (plant-based milk) has

been segmented into North America, Asia-Pacific, Europe and Rest of World.

The dairy alternatives market is mostly dominated by Asia-Pacific region due to

the growing number of vegan and lactose intolerant population in the region.


Regional Outlook – Asia-Pacific have the Maximum Production

Share



Share

Dairy Alternatives Market Key PlayersSome of the key players in the Global Market for Dairy Alternatives (plant-based

milk) include WhiteWave Foods Company, Organic Valley, Hain Celestial Group

Inc., Blue Diamond Growers Inc., SunOpta Inc., Freedom Foods Group Limited,

Vitasoy International Holdings Limited and Kikkoman.

Renub Research report titled “Dairy Alternatives Market, Consumption,

Forecast, Global Analysis - By Plant based Milk (Soy, Almond, Rice,

Others), Regions (North America, Asia Pacific, Europe, ROW) Companies

(WhiteWave Foods, Organic Valley, Hain Celestial Group Inc., Blue

Diamond Growers Inc., SunOpta Inc., Freedom Foods Group Ltd., Vitasoy

International Holdings Ltd., Kikkoman.)” studies the Global Market for Dairy

Alternatives (plant-based milk) and Consumption. This 119 page report with 71

Figures provides an all-encompassing analysis of the key growth drivers and

restraining factors, market and consumption trends, and their projections for the

upcoming years.



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The report have been analyzed from 2 major viewpoints and further

studied by 3 different perspectives.

1. Global Market for Dairy Alternatives

• Source • Regions • Applications

2. Global Consumption for Dairy Alternatives

• Source • Regions • Applications

Segmentation based on Source

1. Soy 2. Almond 3. Rice 4. Others

Segmentation based on Regions

1. North America 2. Asia-Pacific

3. Europe 4. Rest of the World

Segmentation based on Application

1. Food 2. Beverages


Dairy Alternatives Market Key Players

Company Analysis1. WhiteWave Foods Company

2. Organic Valley

3. Hain Celestial Group Inc.

4. Blue Diamond Growers Inc.

5. SunOpta Inc.

6. Freedom Foods Group Limited

7. Vitasoy International Holdings Limited

8. Kikkoman

Key Benefits of the Report• This report provides current market estimates and forecasts for the Dairy

Alternatives Market.

• Detailed analysis of the key market segments such as source, geography and

applications; provides a comprehensive understanding of the market.

• Dairy Alternatives Market (plant-based milk) – Growth Drivers and Challenges.

• Key sustainability strategies adopted by market players.


Table of Contents for Dairy Alternatives Market

Table of Contents:

1. Executive Summary

2. Global Dairy Alternatives (Plant-Based Milk) Market

3. Global Dairy Alternatives (Plant-Based Milk) Volume

4. Market Share Global Dairy Alternatives (Plant-Based Milk)

5. By Source Global Dairy Alternatives (Plant-Based Milk) Market

6. By Region Global Dairy Alternatives (Plant-Based Milk) Market

7. By Application Global Dairy Alternatives (Plant-Based Milk) Market

8. By Source Global Dairy Alternatives (Plant-Based Milk) Volume

9. By Region Global Dairy Alternatives (Plant-Based Milk) Volume

10. By Application - Global Dairy Alternatives (Plant-Based Milk) Volume

11. Companies Profile

12. Dairy Alternatives (Plant-Based Milk) Market Drivers (Due to data

confidentiality, growth drivers have not been disclosed in this table of contents)

13. Dairy Alternatives (Plant-Based Milk) Market Challenges (Due to data

confidentiality, challenges have not been disclosed in this table of contents)


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Food, Beverage & Agriculture


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