North America Dairy Alternatives Market by Source, Formulation, Application, End-user Industries, Major Countries, Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027): Ken Research

Dairy Alternatives Market Definition and Overview
Dairy alternatives are typically foods that imitate milk-derived products, including milk, yoghurt, butter, cheese, ice creams, and others. The most significant benefit of dairy alternatives is their lower carbon concentration as compared to the milk produced by livestock. The increasing incidences of lactose intolerance are influencing individuals to opt for dairy-free products. As per available data, by the age of 20, nearly 30 million American adults get some level of lactose intolerance. Furthermore, the increasing influence of veganism in several countries, including U.S. is fueling a demand for dairy alternative products, resulting in a steady growth of around 10% over the next few years. As per available data, plant-based milk is the largest and fastest-growing plant-based dairy alternative in North America.

North America Dairy Alternatives Market Outlook, Drivers and Challenges
The Dairy Alternatives market in North America is expected to witness strong growth over the next five years, primarily driven by the rising consumers' environmental concerns which are positively influencing an increase in the adoption of dairy alternatives in North America. They typically use less land, water to produce vegan milks, and emit lower carbon emissions which helps in mitigating the effects of global warming and improve the air quality. As per available data, livestock accounts for nearly 15% of global greenhouse gas emissions, with the dairy industry holding the largest share.

The increasing popularity of lactose-free products, including milk among individuals is anticipated to boost the dairy alternatives market growth in the forthcoming years. In addition, the rising health awareness among consumers, notably those who are unable to digest lactose, has resulted in an increase in the consumption of lactose-free products as they typically help in the absorption of calcium which benefits in building and repairing muscle tissue/cells. For instance, in the U.S as per available data, volume of value-added milks, including lactose-free, non-dairy milk, and organic milk increased ~15% in 2021 compared to the prior year, while traditional milk volumes declined by ~7%.

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The lack of consumer awareness regarding dairy-free products is one of the major challenges to the growth of the dairy alternatives market. The lack of nutritional awareness is likely to be a concern for those who eat a healthy balanced diet and do not depend solely on milk as an important protein source. The continued purchase of dairy products by consumers indicates that the portfolio of dairy alternatives has yet to capture the potential customer base.

North America Dairy Alternatives Market Value Chain Analysis
The core raw material of dairy alternatives is typically made by crushing plant materials, such as cereal, legume, seed, nut, and pseudo-cereal, and then such materials are supplied to a dairy alternative products manufacturer who make variety of dairy alternative products including their packaging & labelling. These products are then distributed via channels including, direct and traditional channels like retail stores. These distributors & retailers then sell the finished product or deliver the products to customers/end-users.

North America Dairy Alternatives Market Segmentation
The North America dairy alternatives market can be segmented based on their source into categories such as Soy, Almond, Coconut, and Oats. Based on the Formulation, the market is categorized as Plain and Flavored. The Milk, Ice Creams, Cheese, and Yoghurt are the Application based segments in the market. On the basis of end-user industries, the market can be segmented such as Health and Wellness, Food and Beverages (F&B), and Nutraceuticals. Geographically, the major countries in North America are the U.S., Canada, and Mexico.

North America Dairy Alternatives Market Competitive Landscape of Major Competitors
Some key players in the North America Dairy Alternatives market are Danone, SunOpta Inc., Blue Diamond, Daiya Foods Inc., Oatly Inc., The Hain Celestial Group Inc., Sahmyook Food, Dairy Farmers of America, and Eden Foods Inc.

Impact of Covid-19 on North America Dairy Alternatives Market
The ongoing Covid-19 pandemic has adversely affected the market growth of dairy alternatives in 2020 due to the lockdowns imposed by several governments across countries to prevent the spread of the virus. The demand was high, but the disrupted supply chain, limited transportation, lower workforce capacity, and restricted trade/import & export had halted the manufacturing of dairy alternative products, resulting in lower sales. During the months of lockdowns, numerous individuals, particularly those affected by the virus, have shifted their purchasing preferences towards dairy alternatives. Rising health consciousness and awareness has led consumers to prefer lactose-free products due to the health benefits associated with them. Furthermore, many manufacturers of dairy alternatives have seen a significant increase in the sale of dairy alternative products through e-commerce platforms rather than retail stores since 2020 due to the store closure across countries.

Key Segments Covered in North America Dairy Alternatives Market:-
North America Dairy Alternatives Market By Source
Soy
Almond
Oats
Coconut

North America Dairy Alternatives Market By Application
Milk
Cheese
Yoghurt
Ice Creams

North America Dairy Alternatives Market By Formulation
Plain
Flavored

North America Dairy Alternatives Market By Type of End User Industry
Food & Beverages
Health and Wellness
Nutraceuticals Industry

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North America Dairy Alternatives Market By Geography and Major Countries
U.S.
Canada
Mexico

Key Competitors in North America Dairy Alternatives Market:-
Danone
SunOpta Inc.
Blue Diamond
Daiya Foods Inc.
Oatly Inc.
Sahmyook Food
Earth's Own Food Company Inc.
Pacific Foods of Oregon, LLC.
Eden Foods Inc.

Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F

Key Target Audience:-
Non-Dairy Products Manufacturers
Vegan Dairy Products Manufacturers
Lactose-Free Products Manufacturers
Raw Material Suppliers for Non-Dairy Products
Potential Investors in Plant-Based/Vegan Food and Beverages
Plant-based Food & Beverages Distributors
Dairy Alternatives Advocacy Groups

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