Press release
Dairy Alternatives Market to Hit USD 61.49 Billion by 2030, Growing at 12.62% CAGR
Dairy Alternatives Market
The global dairy alternatives market is experiencing remarkable expansion, driven by increasing consumer awareness of health, environmental concerns, and dietary preferences. Valued at USD 26.76 billion in 2023, the market is projected to reach nearly USD 61.49 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.62% from 2024 to 2030.
๐๐๐ข๐ซ๐ฒ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Several factors contribute to the rising popularity of dairy alternatives, including the need to avoid dairy allergies, demand for clean-label products, compatibility with vegetarian, vegan, and flexitarian diets, and concerns about sustainability and animal welfare. Notably, milk alternative sales rose by 14.5%, while cow milk sales decreased by 1.2% in 2023, indicating a significant consumer shift towards plant-based options.
๐๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/25430/
๐๐๐ข๐ซ๐ฒ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐ผ๐จ๐๐-๐๐๐๐๐๐๐ (๐ผ๐๐ผ๐พ)
APAC leads the global dairy alternatives market, with India, China, Japan, and South Korea collectively holding more than 70% market share. This dominance reflects significant consumption of dairy alternatives in recent years compared to other Asian countries.
๐๐ฃ๐๐ฉ๐๐ ๐๐ฉ๐๐ฉ๐๐จ
In the U.S., households spent an average of 6.3% more on milk alternatives, demonstrating a consumer shift towards non-dairy lifestyles. Oat milk sales notably increased by 117.9%, indicating growing interest in new, alternative forms of milk beyond traditional cow and nut-based options.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐๐๐๐ฉ๐ฃ๐๐ข:
South Korea's ๐๐ซ๐ข๐จ๐ง has partnered with Thailand's leading milk beverage company ๐๐ฎ๐ญ๐๐ก ๐๐ข๐ฅ๐ฅ to enter Vietnam's dairy market. This collaboration aims to introduce innovative dairy alternative products, catering to the rising demand for plant-based options among Vietnamese consumers.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ ๐๐๐๐๐ก๐๐ฃ๐:
Thailand is witnessing a surge in consumer awareness about the health benefits of dairy alternatives. The increasing disposable incomes and urbanization contribute to market growth in the region.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐ ๐๐ฅ๐๐ฃ:
The market for dairy alternatives in Japan is driven by factors such as health concerns, an aging population, and a growing interest in plant-based diets.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐ค๐ช๐ฉ๐ ๐๐ค๐ง๐๐:
The South Korea dairy alternatives market is becoming ever more fertile due to increasing lactose intolerance, veganism, and health trends. Dairy alternatives include plant-based milks and nondairy products.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐๐ฃ๐๐๐ฅ๐ค๐ง๐:
Singapore is experiencing a rise in consumer awareness about the health benefits of dairy alternatives. The increasing disposable incomes and urbanization contribute to market growth in the region.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ญ๐ฅ๐๐ฃ๐จ๐๐ค๐ฃ ๐๐ฃ ๐๐ฃ๐๐ฉ๐๐ ๐๐ฉ๐๐ฉ๐๐จ:
The U.S. dairy alternatives market is projected to grow significantly, reaching an estimated value of USD 18.91 billion by 2032, driven by an increasing shift in consumer diet preferences and rising demand for plant-based products.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐พ๐๐๐ฃ๐:
In China, more than 90% of the population has lactose deficiency, leading to a significant demand for dairy alternatives. The use of vegan labeling claims on packages increased by 440% in recent years, reflecting a growing consumer interest in plant-based products.
๐ฟ๐๐๐ง๐ฎ ๐ผ๐ก๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ซ๐๐จ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐ช๐ง๐ค๐ฅ๐:
In Europe, the dairy alternatives market is expected to grow substantially due to rising demand for healthy foods and beverages. Dairy alternative-based beverages are often used as substitutes for dairy drinks. More than 20% of Germans expressed willingness to pay premium prices for non-dairy ice creams, indicating a strong market potential.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In a significant industry move, UK plant-based milk maker ๐๐ฎ๐๐ ๐๐๐๐ฅ๐ญ๐ก was acquired by Finland's ๐๐๐๐ฅ๐ฒ๐ ๐จ๐จ๐, a company spun out of the Finnish dairy giant ๐๐๐ฅ๐ข๐จ. This acquisition underscores the growing consolidation in the dairy alternatives market, as established dairy companies expand their portfolios to include plant-based options.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐ญ๐๐ค๐ ๐ ๐ฌ๐ง๐๐๐ค ๐ฉ๐๐๐ค? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐๐ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐: https://www.maximizemarketresearch.com/request-sample/25430/
๐๐๐ข๐ซ๐ฒ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐ฝ๐ฎ ๐๐ค๐ช๐ง๐๐
Soy
Almond
Coconut
Rice
Oats
Others
๐ฝ๐ฎ ๐ผ๐ฅ๐ฅ๐ก๐๐๐๐ฉ๐๐ค๐ฃ
Milk
Ice Cream
Yogurt
Cheese
Creamers
Butter
Other
๐ฝ๐ฎ ๐ฟ๐๐จ๐ฉ๐ง๐๐๐ช๐ฉ๐๐ค๐ฃ ๐พ๐๐๐ฃ๐ฃ๐๐ก
Supermarket & Hypermarkets
Convenience Stores
Online retail
Others
According to the source, the soy sector dominated the global market for dairy substitutes and had the largest market share of over 40% in 2023. During the projected period, the segment is anticipated to increase at a CAGR of 9.42% and present producers of dairy alternatives with profitable growth prospects. Growing rates of lactose intolerance and a shift in consumer preferences towards vegan meals are the main reasons driving the demand for soy milk. The demand for soy and almond milk as milk substitutes is being driven by the increasing prevalence of milk allergies. Compared to cow's milk, soy milk is lower in calories and higher in vitamins, proteins, and potassium. It is considered a fantastic dairy substitute due to its high nutritional content.
๐๐จ ๐๐ข๐ง๐ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/request-sample/25430/
๐๐๐ข๐ซ๐ฒ ๐๐ฅ๐ญ๐๐ซ๐ง๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
North America's Leading Dairy Alternatives Food Providers:
1. Danone North America Public Benefit Corporation (US)
2. Elmhurst Milked Direct LLC (US)
3. The Hain Celestial Group, Inc. (US)
4. Blue Diamond Growers (US)
5. Eden Foods, Inc. (US)
6. Hiland Dairy (US)
7. Ripple Foods (US)
8. Kite Hill (US)
9. Califia Farms, LLC (US)
10. Rude Health (US)
11. Miyoko's Creamery (US)
12. PANOS Brand (US)
13. Daiya Foods Inc. (Canada)
14. Earth's Own Food Company Inc. (Canada)
15. SunOpta (Canada)
Major Dairy Alternatives Manufacturers in Europe:
16. Vly (Germany)
17. Valsoia S.p.A (Italy)
18. Qatly Group AB (Sweden)
19. Triballat Noyal (France)
20. Nutriops, S.L. (Spain)
21. Nestlรฉ SA (Switzerland)
Key Dairy Alternatives Providers in Asia-Pacific:
22. PureHarvest (Australia)
23. One Good (India)
24. Freedom Foods Group Limited (Australia)
25. Sanitarium (New Zealand)
26. Green Spot Co., Ltd. (Thailand)
27. Coconut Palm Group Co. Ltd. (China)
28. Hebei Yangyuan Zhihui Beverage Co. Ltd. (China)
29. Kikkoman Corporation (Tokyo, Japan)
30. Vitasoy International Holdings Ltd. (Hong Kong)
๐๐๐ญ๐๐ก ๐๐ฉ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ฉ๐ข๐๐ฌ:
India Frozen Food Packaging Market https://www.maximizemarketresearch.com/market-report/india-frozen-food-packaging-market/21550/
Hot Dog Market https://www.maximizemarketresearch.com/market-report/hot-dog-market/194027/
Avocado-Based Products Market https://www.maximizemarketresearch.com/market-report/avocado-based-products-market/194889/
Global Embedded AI Computing Platforms Market https://www.maximizemarketresearch.com/market-report/global-embedded-ai-computing-platforms-market/111905/
Canada Baby Food Market https://www.maximizemarketresearch.com/market-report/canada-baby-food-market/39863/
Energy bar Market https://www.maximizemarketresearch.com/market-report/energy-bar-market/129300/
Dairy Protein Market https://www.maximizemarketresearch.com/market-report/global-dairy-protein-market/101734/
Lecithin market https://www.maximizemarketresearch.com/market-report/global-lecithin-market/14897/
Global Potato Flakes Market https://www.maximizemarketresearch.com/market-report/global-potato-flakes-market/44209/
Spiral Freezers Market https://www.maximizemarketresearch.com/market-report/spiral-freezers-market/148731/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dairy Alternatives Market to Hit USD 61.49 Billion by 2030, Growing at 12.62% CAGR here
News-ID: 3826496 • Views: โฆ
More Releases from Maximize Market Research Pvt. Ltd.
Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a โฆ
Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million.
Bangladesh Ceramics Tiles Market Overview:
The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.โฆ
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030.
Furfural Market Overview:
The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,โฆ
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โฆ
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion.
Chemical Protective Clothing Market Overview:
The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range ofโฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โฆ
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion.
Prefabricated Homes Market Overview:
The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizesโฆ
More Releases for Dairy
Camel Dairy Market : Market Will Hit Big Revenues In Future| Camilk Dairy, The G โฆ
The latest survey on Camel Dairy Market is conducted to provide hidden gems performance analysis of Camel Dairy to better demonstrate competitive environment. The study is a mix of quantitative market stats and qualitative analytical information to uncover market size revenue breakdown by key business segments and end-use applications. The report bridges the historical data from 2019 to 2023 and forecasted till 2030. The outbreak of the latest scenario inโฆ
Organic Milk Market Forecast to 2027 โ Andechser Dairy, Arla Food, Aurora Orga โฆ
The Insight Partners published a new report, titled, โOrganic Milk Marketโ. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The COVID-19 outbreak is currently going theโฆ
Organic Milk Market By Key Players: Arla Food, Horizon Organic, Organic Valley, โฆ
Organic Milk Industry Overview
Organic Milk is a type of drinking milk that made from organic raw milk with organic certification (Such as EU-Eco-regulation, USA NOP, etc.). Theย Organic Milk market research studyย relies uponย a combination of primary as well as secondary research. It throws light on the key factorsย concerned withย generatingย andย limitingย Organic Milk market growth.ย In addition, theย currentย mergers and acquisition byย keyย players in the market have beenย describedย at length.ย Additionally, the historical information andย currentย growth of the market haveโฆ
Global Dairy Stabilizers Market to Experience Significant Growth during the Fore โฆ
The global dairy stabilizers market is likely to foresee a tremendous rise in its demand due to the rise in consumption of dairy products. Increasing urbanization has made the trend for consumption of fast foods and processed foods which are known to have chemicals and other harmful ingredients. These products have made a harmful impact on oneโs health. One of visible result of consumption of these types of foods areโฆ
Dairy and Non-dairy Milk Market: Health Benefits of Non-Dairy Milk to Increase A โฆ
Milk is characterized by two incredibly different markets such as dairy milk market and non-dairy milk market. Dairy market is large in size however have declining growth rate whereas, non-dairy is small but is quickly gaining traction across the globe owing to health benefits associated with it. Products with strong functional and ethical claims witnesses areas of opportunity for both milk markets and overall premiumzation of milk is likely toโฆ
Global Organic Dairy Food and Drinks Market 2018 - DCI Cheese Company, Alto Dair โฆ
"Accord Market, recently published a detailed market research study focused on the โOrganic Dairy Food and Drinks Marketโ across the global, regional and country level. The report provides 360ยฐ analysis of โOrganic Dairy Food and Drinks Marketโ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the futureโฆ
