Dairy Alternatives Market Size Is to Hit USD 56.2 Bn by 2028: Market Growth, Share, Demand, Solutions & Regional Analysis Forecast Report

Dairy alternatives are non-dairy products that can be used in place of dairy products. Many people choose to use dairy alternatives for various reasons, such as lactose intolerance, ethical concerns, or a desire to reduce their consumption of animal products. Plant-based milk, such as soy milk, almond milk, oat milk, and coconut milk, are popular alternatives to cow's milk. These options are often fortified with vitamins and minerals to match the nutritional profile of cow's milk.

The Global Dairy Alternatives Market Size was valued at USD 21.2 Bn in 2021. The market is projected to grow USD 56.2 Bn in 2028, at a CAGR of 15.2%.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.extrapolate.com/sample/Food-Beverage/dairy-alternatives-market/21597?utm_source=Akshay&utm_id=8022

Cheese alternatives, made from plant-based sources such as soy or nuts, are also becoming more popular, and can be used in place of traditional cheese in recipes. Other dairy alternatives include non-dairy yogurts made from soy, coconut, or almond milk, and non-dairy creamers made from soy or coconut milk.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬-
• Hain Celestial
• SunOpta Inc
• Danone
• Oatly AB
• Vitasoy International Holdings Limited
• DAIYA FOODS INC.
• J.M. HUBER (CP Kelco)
• ADM
• Blue Diamond Growers
• Melt Organic
• PANOS
• Living Harvest Foods Inc.
• Ripple Foods
• Earth's Own Food Company Inc.
• Others

Rising health consciousness among individuals and increasing awareness of various health benefits powered by vegan diets are driving the global dairy alternatives market. Dairy alternatives have the capability to tackle various allergic symptoms including improve immunity, prevent allergies, detoxification, improve heart health, risk of several postmenopausal issues, coupled with improving cardiovascular health. These are major factors expected to propel the growth of global dairy alternatives market.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.extrapolate.com/enquire/Food-Beverage/dairy-alternatives-market/21597?utm_source=Akshay&utm_id=8022

The global dairy alternatives market is segmented by Type, by Application, by Distribution Channel and Region. Based on the type, the market is categorized into Soy, Almond, Coconut, Rice, Oats, Hemp and Others. Based on application, the market is categorized into Milk, Yogurt, Ice Cream, Cheese, Creamer and Others. Based on distribution channel, the market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online and Others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.

𝐓𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐚𝐢𝐫𝐲 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧-
𝐁𝐲 𝐒𝐨𝐮𝐫𝐜𝐞-
• Soy
• Almond
• Coconut
• Rice
• Oats
• Hemp
• Others

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭-
• Milk
• Yogurt
• Ice Cream
• Cheese
• Others

𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥-
• Supermarkets/Hypermarkets
• Convenience Stores
• Online

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧-
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

𝐁𝐫𝐨𝐰𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.extrapolate.com/Food-Beverage/dairy-alternatives-market/21597?utm_source=Akshay&utm_id=8022

𝐊𝐄𝐘 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘 𝐃𝐄𝐕𝐄𝐋𝐎𝐏𝐌𝐄𝐍𝐓𝐒:
• April 2021- SunOpta acquired Dream and WestSoy plant-based beverage brands from The Hain Celestial Group, Inc. The objective is to create strong organic and inorganic growth in our plant-based business for the company.
• November 2020- SunOpta has invested in Oat processing facility in Minnesota to meet demand for plant milks to meet the rising demand for oat milk in the USA.
• May 2020- Melt Organic launched Unsalted Butter Sticks made from plants.
• January 2020- Nestlé's Nesquik has introduced a new beverage brand called GoodNes, which will be launching along with the release of Chocolate Oat Milk.

The dairy alternatives market has been growing steadily in recent years, driven by factors such as increased awareness of lactose intolerance, rising health concerns, and growing demand for plant-based foods. The market is expected to continue to grow in the coming years, with a CAGR of around 11% from 2021 to 2026.

Geographically, the North American region has dominated the dairy alternatives market, owing to a high demand for plant-based products and the presence of several key players in the region. Europe is also a significant market for dairy alternatives, with a growing number of consumers opting for non-dairy products. The Asia-Pacific region is expected to be the fastest-growing market for dairy alternatives, owing to the increasing demand for plant-based foods in countries such as China and India.

In terms of product type, plant-based milk is the largest and fastest-growing segment of the dairy alternatives market. Soy milk is the most popular type of plant-based milk, followed by almond milk and oat milk. Non-dairy yogurt is also a growing segment of the market, with increasing consumer interest in probiotic and gut-friendly products. The cheese alternatives segment is also seeing growth, as more consumers are looking for non-dairy options for cheese.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒
Chapter 1: Dairy Alternatives Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Dairy Alternatives Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Dairy Alternatives Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dynamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2022-2030)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source

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