Press release
Dairy Alternatives Market: Rising Growth, Trends, and Key Players
Dairy Alternatives Market Trends
What Is The Projected Market Size Of The Global Dairy Alternatives Market And Its Growth Rate?
The dairy alternatives market has seen a strong growth in recent years and is expected to grow further. Key statistics include:
• The market has grown from $15.23 billion in 2024 to $16.75 billion in 2025 at a compound annual growth rate (CAGR) of 10.0%.
• This growth can be attributed to global population growth, rise in disposable income, a growing number of health-conscious consumers, a shift towards vegan eating, and a low interest rate environment.
• The dairy alternatives market size is expected to see further growth, projecting to reach $23.25 billion in 2029 at a CAGR of 8.5%.
• The growth in the forecast period can be attributed to factors such as the influence of digital media marketing and social media, government initiatives toward milk alternatives, an increase in lactose intolerance, rising penetration of organized retail, and improvement in cold chains.
What Is Driving The Growth In The Dairy Alternatives Market?
The rise in cases of lactose intolerance and milk allergies are key drivers for the growth in the dairy alternatives market. Lactose intolerance, or congenital lactase deficiency, is a situation where the small intestine is incapable of producing the enzyme lactase needed to break down or digest lactose, moving undigested lactose to the large intestine and causing symptoms such as diarrhea, gas, and bloating. According to the Cleveland Clinic, over 30 million people in America are lactose intolerant. This scenario is likely to generate higher demand for dairy alternatives, which in turn, is anticipated to boost the market's revenue over the forecast period.
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Who Are the Key Players Driving Dairy Alternatives Market Growth?
Major companies operating in the dairy alternatives market include:
•Danone S.A.
•Blue Diamond Growers
•The Hain Celestial Group, Inc.
•Oatly Group AB
•Vitasoy International Holdings
•SunOpta Inc.
•Unilever PLC
•Freedom Foods Group Limited
•Nestlé S.A.
•Daiya Foods Inc.
•Many more
What Are The Key Trends In The Dairy Alternatives Market?
Major trends in the forecast period include:
•Offering new and innovative products
•Focusing on investing in R&D labs
•Investing in modern separation technologies
•Planning and implementing marketing campaigns
•Expanding product portfolio to dairy-free alternative products with other milk-alternative producers
What Are The Segments Of The Global Dairy Alternatives Market?
The dairy alternatives market is segmented by:
1) Product Type: Non-Dairy Milk, Butter, Cheese, Yogurts, Ice Cream, Others
2) Source: Almond, Soy, Oats, Hemp, Coconut, Rice, Other Sources
3) Distribution Channel: Supermarkets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, Other Distribution Channels
Which Region Leads The Dairy Alternatives Market?
Asia-Pacific was the largest region in the dairy alternatives market in 2024, followed by Western Europe. These regions along with Eastern Europe, North America, South America, Middle East, and Africa are covered in the dairy alternatives market report.
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What Is Covered In The Dairy Alternatives Market Global Market Report?
- Market Size Analysis: Analyze the Dairy Alternatives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dairy Alternatives Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Dairy Alternatives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dairy Alternatives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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