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  • Writer's picturesiddhesh kapshikar
    • Nov 3, 2023
    • 5 min read

Dairy Alternatives Market, Global Outlook and Forecast 2023-2032

The global Dairy Alternatives market was valued at US$ 12620 million in 2022 and is projected to reach US$ 25460 million by 2029, at a CAGR of 10.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The soy milk segment, on the basis of type, accounted for the largest market share in 2017. The dominance of this segment is mainly driven by the surplus soy milk varieties in terms of flavors, blends, fat content, and formulations offered by leading dairy alternative manufacturers. It is also coupled with the increasing awareness about the nutritional benefits of soy-based products, and easy availability of convenient & healthy dairy-free soy milk. The almond milk segment, on the basis of type, accounted for the second-largest share in 2017 owing to its health benefits as well as easy availability of raw materials. The food application of the dairy alternatives market holds the largest market share due to the usage of plant-based ingredients in applications such as cheese, creamer, yogurt, pudding, and ice cream.

This report aims to provide a comprehensive presentation of the global market for Dairy Alternatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dairy Alternatives. This report contains market size and forecasts of Dairy Alternatives in global, including the following market information:

Global Dairy Alternatives Market Revenue, 2018-2023, 2024-2032, ($ millions)


Global Dairy Alternatives Market Sales, 2018-2023, 2024-2032, (K MT)


Global top five Dairy Alternatives companies in 2022 (%)


The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Almond Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Dairy Alternatives include The Whitewave Foods Company, The Hain Celestial Group, Blue Diamond Growers, Sunopta Inc., Sanitarium Health and Wellbeing Company, Freedom Foods Group Limited, Eden Foods Inc., Nutriops S.L and Earths Own Food Company Inc., etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Dairy Alternatives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Dairy Alternatives Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Dairy Alternatives Market Segment Percentages, by Type, 2022 (%)


  • Almond

  • Soy

  • Coconut

  • Oat

  • Rice

  • Hemp


Global Dairy Alternatives Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Dairy Alternatives Market Segment Percentages, by Application, 2022 (%)


  • Plain & Sweetened

  • Plain & Unsweetened

  • Flavored & Sweetened

  • Flavored & Unsweetened


Global Dairy Alternatives Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K MT)

Global Dairy Alternatives Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Dairy Alternatives revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Dairy Alternatives revenues share in global market, 2022 (%)

  • Key companies Dairy Alternatives sales in global market, 2018-2023 (Estimated), (K MT)

  • Key companies Dairy Alternatives sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • The Whitewave Foods Company

  • The Hain Celestial Group

  • Blue Diamond Growers

  • Sunopta Inc.

  • Sanitarium Health and Wellbeing Company

  • Freedom Foods Group Limited

  • Eden Foods Inc.

  • Nutriops S.L

  • Earths Own Food Company Inc.

  • Triballat Noyal

  • Valsoia S.P.A.

  • Dhler GmbH


Outline of Major Chapters:

Chapter 1: Introduces the definition of Dairy Alternatives, market overview.

Chapter 2: Global Dairy Alternatives market size in revenue and volume.

Chapter 3: Detailed analysis of Dairy Alternatives manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Dairy Alternatives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Dairy Alternatives capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports 1.1 Dairy Alternatives Market Definition 1.2 Market Segments 1.2.1 Market by Type 1.2.2 Market by Application 1.3 Global Dairy Alternatives Market Overview 1.4 Features & Benefits of This Report 1.5 Methodology & Sources of Information 1.5.1 Research Methodology 1.5.2 Research Process 1.5.3 Base Year 1.5.4 Report Assumptions & Caveats 2 Global Dairy Alternatives Overall Market Size 2.1 Global Dairy Alternatives Market Size: 2022 VS 2032 2.2 Global Dairy Alternatives Revenue, Prospects & Forecasts: 2018-2032 2.3 Global Dairy Alternatives Sales: 2018-2032 3 Company Landscape 3.1 Top Dairy Alternatives Players in Global Market 3.2 Top Global Dairy Alternatives Companies Ranked by Revenue 3.3 Global Dairy Alternatives Revenue by Companies 3.4 Global Dairy Alternatives Sales by Companies 3.5 Global Dairy Alternatives Price by Manufacturer (2018-2023) 3.6 Top 3 and Top 5 Dairy Alternatives Companies in Global Market, by Revenue in 2022 3.7 Global Manufacturers Dairy Alternatives Product Type 3.8 Tier 1, Tier 2 and Tier 3 Dairy Alternatives Players in Global Market 3.8.1 List of Global Tier 1 Dairy Alternatives Companies 3.8.2 List of Global Tier 2 and Tier 3 Dairy Alternatives Companies 4 Sights by Product 4.1 Overview 4.1.1 By Type - Global Dairy Alternatives Market Siz

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