Global Dairy Alternatives Market is valued approximately USD 19.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.4 % over the forecast period 2020-2027. Dairy alternatives are food and beverages, derived from plants and are considered a very health alternative to dairy. Dairy alternatives such as sSoy milk, rice milk, and almond milk are considered a healthy owing to presence of a number ofseveral essential vitamins and minerals. Dairy Alternatives are low on fats, low cholesterol and has zero concentration of lactose. The global Dairy Alternatives is being facing challenges due to the coronavirus pandemic as organizations are temporary shutdown, which results in slowdown of demand for the market across the globe. The growth in consumer preference for a vegan diet, nutritional benefits offered by plant-based dairy alternatives and increase in cases of lactose intolerance and milk allergies encourages the growth of the global Dairy Alternatives Market. For instance: according to Statista, the number of vegans in Great Britain was 150,000 in 2014 and has increased by 600,000 vegans in 2018. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 16th May 2019, Blue Diamond Growers expanded its non-dairy yogurt alternative category with Almond Breeze Almond Mmilk Yogurt Alternative, which is rich in creame and paired with almond toppings. However, volatile prices of raw materials is the major factor restraining the growth of global Dairy Alternatives market during the forecast period.


The regional analysis of global Dairy Alternatives Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
The Whitewave Foods Company
Hain Celestial
Blue Diamond Growers
SunOopta
Sanitarium
Freedom Foods Group Limited
Eden Foods, Inc.
Ecomil
Earth'S Own Food Company Inc.
Triballat Noyal

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:
Almond
Soy
Oats
Hemp
Coconut
Rice
Others

Application:
Cheese
Creamers
Yogurt
Ice Creams
Milk
Others

By Formulation:
Plain
Flavored

By Nutrient:
Protein
Starch
Vitamin
Others

By Distribution Channel:
Supermarkets
Health Food stores
Pharmacies
Convenience Stores
Online stores
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027

Target Audience of the Global Dairy Alternatives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors