Dairy Alternatives Market, Consumption, Global Forecast by Plant based Milk, Regions, Companies

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Date: 31-Jan-2020
No. of pages: 125
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The demand of Plant-based or non-dairy milk alternative is growing at rapid pace as a specialty beverage across the globe. As having allergy through cow milk, lactose intolerance, calorie concern, the prevalence of hypercholesterolemia is growing. So, plant-based milk alternatives are a rising trend, which can serve as an affordable alternative for many people in developing countries and in places, where cow’s milk supply is insufficient. According to Renub Research Dairy Alternatives Market is anticipated to cross USD 35 Billion by 2026.

However, the main constrains of this market is the high cost of Dairy Alternatives milk compared to conventional dairy and fluctuations in raw materials and the scarcity of raw materials provide a challenge in production and pricing of products. The range of Plant-based milk can be of Coconut Milk, Soy Milk, Rice Milk, Almond Milk, and Others. Soy Milk dominates the global Dairy Alternatives market. Almond Milk, Rice Milk & Coconut milk are also growing in the total global Dairy Alternatives market.

The Dairy Alternatives market for food application will continue to follow its growing trend in the years to come as a wide range of food prepared from milk, which in turn is derived from sources such as almond, rice, soy, coconut and others.

In this report, we have also covered another application such as beverages, which increased notably during the review period. It is estimated that the beverages will keep growing due to its wide range of product in the beverages which can be prepared from Plant-based milk. Some of the commonly consumed Dairy Alternatives based beverages are milk, ice-cream, soft drinks, energy drinks and others. The market is seeing an increasing number of customers due to innovative products, attractive marketing campaigns and health benefits over the conventional milk.

“Dairy Alternatives Market, Consumption, Global Forecast by Plant based Milk (Soy, Almond, Rice, Coconut, Others), Regions (North America, Asia Pacific, Europe, Rest of World) Companies (The Hain Celestial Group Inc., Blue Diamond Growers Inc., SunOpta Inc., Freedom Foods Group Ltd., Vitasoy International Holdings Ltd., Kikkoman)” studies the Global Market for Dairy Alternatives (plant-based milk) and Consumption.

Soy Milk is dominates Dairy Alternative Market

Based on segment, the market for dairy alternatives (plant-based milk) is categorized into five segments:  Almond Milk, Rice Milk, Soy Milk, Coconut and Others. Soy Milk has the highest market share globally. Soy milk has grown in popularity because of increased awareness of soy’s possibility in lowering the risk of heart disease.

Beverage Market is growing in the Global plant Based Milk Market

The report has also studied the Dairy Alternatives market based on its applications as Food & Beverages. In recent years, developments in plant-based products have led to newer products in the beverages sector. Functionality in these beverages may able to address the different needs and lifestyle such as to boost energy, fight ageing, fatigue and stress, target specific diseases and the sector is still expanding.

Asia-Pacific has bright Future Ahead

Based on regions, the market for plant-based milk has been segmented into these regions; North America, Asia-Pacific, Europe and Rest of the World. The Asia-Pacific region mostly dominates the alternative dairy market due to the growing number of vegan and lactose intolerant populations in the region. Two-thirds of the world's populations are lactose-intolerant. The figure is almost 90 percent in Asia and Africa. Thus, the numbers of consumers are growing while choosing non-dairy milk and products which are lactose-free because of its benefits over conventional milk.

All companies in this report have been covered with the following viewpoints


  • Company Overview

  • Company Initiatives/Strategy

  • Financial Insight


Company Analysis


  • Hain Celestial Group Inc.

  • Blue Diamond Growers Inc.

  • SunOpta Inc.

  • Freedom Foods Group Limited

  • Vitasoy International Holdings Limited

  • Kikkoman


Market & Consumption – Global Dairy Alternatives


  • Source

  • Regions

  • Applications


Segmentation based on Source


  • Soy

  • Almond

  • Coconut

  • Rice

  • Others


Segmentation based on Regions


  • North America

  • Asia-Pacific

  • Europe

  • Rest of the World


Segmentation based on Application


  • Food

  • Beverages


Segmentation based on product


  • Flavored Milk

  • Unflavored Milk


Segmentation based on Nature


  • Organic Milk

  • Conventional Milk


Segmentation based on Sale Channel


  • Direct Sales

  • Indirect Sales

Dairy Alternatives Market, Consumption, Global Forecast by Plant based Milk, Regions, Companies

Table of Contents

1. Executive Summary

2. Global Dairy Alternatives (Plant-Based Milk) Market

3. Global Dairy Alternatives (Plant-Based Milk) Volume

4. Market Share – Global Dairy Alternatives (Plant-Based Milk)
4.1 By Source – Soy Milk, Almond Milk, Rice Milk & Others
4.2 By Region – North America, Asia Pacific, Europe & ROW
4.3 By Application – Beverages & Food

5. By Source - Global Dairy Alternatives (Plant-Based Milk) Market
5.1 Soy Milk
5.2 Almond Milk
5.3 Rice Milk
5.4 Coconut Milk
5.5 Others

6. Market by Product
6.1 Flavored Milk
6.2 Unflavored/Regular Milk

7. Market by Nature
7.1 Organic Milk
7.2 Conventional (in-organic) Milk

8. Market by Sales Channel
8.1 Direct Sales (B2B)
8.2 Indirect Sales (B2C)

9. By Region - Global Dairy Alternatives (Plant-Based Milk) Market
9.1 North America
9.2 Asia Pacific
9.3 Europe
9.4 Rest of the World

10. By Application - Global Dairy Alternatives (Plant-Based Milk) Market
10.1 Food
10.2 Beverages

11. By Source - Global Dairy Alternatives (Plant-Based Milk) Volume
11.1 Soy Milk
11.2 Almond Milk
11.3 Rice Milk
11.4 Coconut Milk
11.5 Others

12. By Region - Global Dairy Alternatives (Plant-Based Milk) Volume
12.1 North America
12.2 Asia Pacific
12.3 Europe
12.4 Rest of World ROW

13. By Application - Global Dairy Alternatives (Plant-Based Milk) Volume
13.1 Food
13.2 Beverages

14. Companies Profile
14.1 Hain Celestial Group Inc.
14.1.1 Overview
14.1.2 Strategy
14.1.3 Merger / Acquisitions
14.1.4 Financial Insights
14.2 Blue Diamond Growers Inc.
14.2.1 Overview
14.2.2 Strategy
14.2.3 Financial Insights
14.3 SunOpta Inc.
14.3.1 Overview
14.3.2 Strategy
14.3.3 Merger / Acquisitions
14.3.4 Financial Insights
14.4 Freedom Foods Group Limited
14.4.1 Overview
14.4.2 Strategy
14.4.3 Financial Insights
14.5 Vitasoy International Holdings Limited
14.5.1 Overview
14.5.2 Strategy
14.5.3 Merger / Acquisitions
14.5.4 Financial Insights
14.6 Kikkoman
14.6.1 Overview
14.6.2 Strategy
14.6.3 Financial Insights

15. Dairy Alternatives (Plant-Based Milk) Market Drivers
15.1 Growing Inclination toward Vegan, Especially Plant-Based Food
15.2 Growing Lactose Intolerance among a large section of the Population
15.3 Innovation in Flavours and Sources of Dairy Alternatives Beverages
15.4 Increasing Awareness about Dairy Alternatives products and their Benefits

16. Dairy Alternatives (Plant-Based Milk) Market Challenges
16.1 High cost of Dairy Alternatives milk compared to conventional milk
16.2 Fluctuations in Raw Materials and Scarcity of Raw Materials provide

List of Figures

Figure 2-1: United States – Non-Dairy Milk Sales Growth is Outpacing Regular Milk (Percent), 2007 – 2015
Figure 2-2: Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 - 2019
Figure 2-3: Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 2-4: Global Dairy Alternatives (Plant-Based Milk) Volume (Million Liters), 2011 - 2019
Figure 2-5: Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Liters), 2020 – 2026
Figure 3-1: By Source - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2016 - 2019
Figure 3-2: By Source - Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 - 2026
Figure 3-3: By Region - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2016 - 2019
Figure 3-4: By Region – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 – 2026
Figure 3-5: By Application - Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2011 - 2019
Figure 3-6: By Application – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market Share (%), 2020 - 2026
Figure 4-1: Soy Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 4-2: Soy Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 4-3: Almond Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 4-4: Almond Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 4-5: Rice Milk - Global Dairy Alternatives (Plant-Based Milk) Market (Million US$), 2016 – 2019
Figure 4-6: Rice Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Million US$), 2020 – 2026
Figure 6-1: North America - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-2: North America – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-3: Asia Pacific - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-4: Asia Pacific – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-5: Europe - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-6: Europe – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-7: ROW - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-8: ROW – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020– 2026
Figure 6-1: Food - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-2: Food – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 6-3: Beverages - Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2016 – 2019
Figure 6-4: Beverages – Forecast for Global Dairy Alternatives (Plant-Based Milk) Market (Billion US$), 2020 – 2026
Figure 7-1: Soy Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-2: Soy Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-3: Almond Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-4: Almond Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-5: Rice Milk - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 7-6: Rice Milk – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 7-8: Others – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-1: North America - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-2: North America – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-3: Asia Pacific - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-4: Asia Pacific – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-5: Europe - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-6: Europe – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 8-7: ROW - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 8-8: ROW – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 9-1: Food - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 9-2: Food – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 9-3: Beverages - Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2016 – 2019
Figure 9-4: Beverages – Forecast for Global Dairy Alternatives (Plant-Based Milk) Volume (Million Litres), 2020 – 2026
Figure 10-5: Hain Celestial Group Inc. – Financial Highlights (Billion US$), 2013 – 2019
Figure 10-6: Hain Celestial Group Inc. – Forecast for Financial Highlights (Billion US$), 2020 – 2026
Figure 10-7: Blue Diamond Growers Inc. – Financial Highlights (Million US$), 2013 – 2019
Figure 10-8: Blue Diamond Growers Inc. – Forecast for Financial Highlights (Million US$), 2018 – 2024
Figure 10-9: SunOpta - The Value Creation Plan
Figure 10-10: SunOpta Inc. – Financial Highlights (Million US$), 2013 – 2019
Figure 10-11: SunOpta Inc. – Forecast for Financial Highlights (Million US$), 2020 – 2026
Figure 10-12: Freedom Foods Group Limited – Financial Highlights (Million US$), 2011 – 2017
Figure 10-13: Freedom Foods Group Limited – Forecast for Financial Highlights (Million US$), 2018 – 2024
Figure 10-14: Vitasoy International Holdings Limited – Financial Highlights (Million US$), 2013 – 2019
Figure 10-15: Vitasoy International Holdings Limited – Forecast for Financial Highlights (Million US$), 2020 – 2026
Figure 10-16: Kikkoman – Financial Highlights (Million US$), 2013 – 2019
Figure 10-17: Kikkoman – Forecast for Financial Highlights (Billion US$), 2020 – 2026
Figure 11-1: United Kingdom – Vegan People aged 15 or over
Figure 11-2: Australia – Lactose intolerance among Australian men and women, by age
Figure 12-1: Average price of a gallon of Conventional Milk and Non-Dairy Milk in USD

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