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Dairy Alternative Market By Type (Soy Milk, Almond Milk, Rice Milk, Hemp Milk) By Application(Food, Beverages) - Global Opportunity Analysis and Industry Forecast, 2018-2023.

 Food and Beverages

Report Overview

GLOBAL DAIRY ALTERNATIVE MARKET was valued at USD 7.08 Billion for the year 2017. Dairy Alternative Market is further expected to grow at a CAGR of 11.16% from 2018 to reach USD 13.36 Billion by the year 2023. Asia Pacific region holds the major market share whereas North America region is considered as the fastest growing market in the forecasted period. Developed countries such as China, U.S. and other developing countries in the Asia Pacific region are further anticipated to grow at a steady pace in the next 5 years.

Whitewave Foods (U.S.), The Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada), Blue Diamond Growers (U.S.), Valsoia S.p.A (Italy), Triballat Noyal (France) are some of the top manufacturers in the Dairy Alternative Market with highest market share was held by Whitewave Foods in 2016. Better global reach, both at production and at an operational level is the main reason for holding this highest market share. New product launches and growing research and development expenditures to address changing demand of end users in recent years are driving this market. Organic growth strategies such as merger and acquisition were adopted by these manufacturers in recent years has provided comprehensive market opportunities for the various stakeholder in the value chain.

Drivers:

             Growing cases of lactose intolerance amongst end user

             Rising health consciousness has increased demand for the vegan diet

Restraints:

             Comparatively high price for Alternative milk types

             Varying nutrient content compared to dairy milk

Opportunities:

             Changing lifestyle in the untapped emerging market pose an opportunity for producers

             Consumers are showing interest in the hybrid beverages, that offer functional benefits such as bone health, high protein, energy or relaxation at a retail level

Challenges:

             Removing the additional sugar content to enhance flavors & textures

             Economical and uninterrupted Raw material supply for production

The soy milk segment is expected to hold the maximum market share during the forecasted period. With the increasing popularity and easy availability of the soy milk demand for dairy alternative applications are gaining highest market share. Almond milk is widely popular in North America region with ~80% of production in the region.

On the other hand, Cheese, Pudding, Ice-Creams food application types for this market is expected to grow at the highest CAGR during the forecasted period. The growth is attributed to the growing demand for new and innovative product launches.

Key Benefits for Stakeholders

Dairy Alternative Manufacturers, Distributors and Retailers

Food & Beverages Processing Companies

Plant-Based Food Manufacturers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies

By Type

Soy Milk

Almond Milk

Rice Milk

Hemp Milk

By Application

Food

Beverages

By Formulation

Flavored

            Sweet

            Unsweetened                            

Non-Flavored

            Sweet

            Unsweetened

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Whitewave Foods (U.S.)

Blue Diamond Growers (U.S.)

SunOpta Inc. (Canada)

The Hain Celestial Group, Inc. (U.S.),

Freedom Foods (Australia)

Nutriops SL. (Spain)

Döhler GmbH (Germany)

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1.Introduction

1.1  Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2  Limitations

1.3  Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

       2.1.2. Primary Research

2.2. Market Size Estimation

      2.2.1. Bottoms-Up Approach

      2.2.2. Top-Down Approach

      2.2.3. Annual Turnover Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Dairy Alternative Market, By Type

6.1. Soy Milk

6.2. Almond Milk

6.3. Coconut Milk

6.4. Rice Milk

6.5. Hemp Milk

6.6. Others      

7. Dairy Alternative Market, By Product

7.1. Food

7.2. Beverages

8. Dairy Alternative Market, By Formulation

8.1. Flavoured

8.2. Non Flavoured

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Spain

9.4. Asia Pacific

       9.4.1. China

       9.4.2. India

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 Whitewave Foods (U.S.) 

10.2 SunOpta Inc. (Canada)

10.3 The Hain Celestial Group, Inc. (U.S.)

10.4 Blue Diamond Growers (U.S.)

10.5 Eden Foods (U.S.)            

10.6 Earth's Own Food Company Inc. (Canada)

10.7 Nutriops SL. (Spain)

10.8 Döhler GmbH (Germany)

(A brief overview of another 13 companies is also provided) 

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

 

List of Tables (74 Tables)

Table 1 Lactose Content in Dairy Food Products
Table 2 Top Five GDP, Per Capita (Ppp), in Emerging Economies in Asia-Pacific, 2017
Table 3 Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 4 Plain & Sweetened Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 5 Plain & Unsweetened Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 6 Flavored & Sweetened Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 7 Flavored & Unsweetened Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 8 Dairy Alternative Market Size for Other Formulations, By Region, 2018-2023(USD Million)
Table 9 Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 10 Almond Milk Market Size, By Region, 2018-2023(USD Million)
Table 11 Soymilk Market Size, By Region, 2018-2023(USD Million)
Table 12 Oat Milk Market Size, By Region, 2018-2023(USD Million)
Table 13 Hemp Milk Market Size, By Region, 2018-2023(USD Million)
Table 14 Coconut Milk Market Size, By Region, 2018-2023(USD Million)
Table 15 Rice Milk Market Size, By Region, 2018-2023(USD Million)
Table 16 Other Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 17 Dairy Alternative Market Size, By Application, 2018-2023(USD Million)
Table 18 Dairy Alternative Market Size for Food, By Region, 2018-2023(USD Million)
Table 19 Dairy Alternative Market Size for Beverages, By Region, 2018-2023(USD Million)
Table 20 Nutrient Content in Dairy Alternatives
Table 21 Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 22 Dairy Alternative Market Size, By Region, 2018-2023(KT)
Table 23 North America: Dairy Alternative Market Size, By Country, 2018-2023(USD Million)
Table 24 North America: Dairy Alternative Market Size, By Country, 2018-2023(KT)
Table 25 North America: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 26 North America: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 27 North America: Dairy Alternative Market Size, By Application, 2018-2023(USD Million)
Table 28 U.S.: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 29 U.S.: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 30 Canada: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 31 Canada: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 32 Mexico: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 33 Mexico: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 34 Europe: Dairy Alternative Market Size, By Country, 2018-2023(USD Million)
Table 35 Europe: Dairy Alternative Market Size, By Country, 2018-2023(KT)
Table 36 Europe: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 37 Europe: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 38 Europe: Dairy Alternative Market Size, By Application, 2018-2023(USD Million)
Table 39 Germany: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 40 Germany: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 41 U.K.: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 42 U.K.: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 43 France: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 44 France: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 45 Italy: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 46 Italy: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 47 Spain: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 48 Spain: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 49 Rest of Europe: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 50 Rest of Europe: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 51 Asia-Pacific: Dairy Alternative Market Size, By Country, 2018-2023(USD Million)
Table 52 Asia-Pacific: Dairy Alternative Market Size, By Country, 2018-2023(KT)
Table 53 Asia-Pacific: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 54 Asia-Pacific: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 55 Asia-Pacific: Dairy Alternative Market Size, By Application, 2018-2023(USD Million)
Table 56 China: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 57 China: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 58 Japan: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 59 Japan: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 60 India: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 61 India: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 62 Australia & New Zealand: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 63 Australia & New Zealand: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 64 Rest of Asia-Pacific: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 65 Rest of Asia-Pacific: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 66 RoW: Dairy Alternative Market Size, By Region, 2018-2023(USD Million)
Table 67 RoW: Dairy Alternative Market Size, By Region, 2018-2023(KT)
Table 68 RoW: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 69 RoW: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 70 RoW: Dairy Alternative Market Size, By Application, 2018-2023(USD Million)
Table 71 South America: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 72 South America: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)
Table 73 Middle East & Africa: Dairy Alternative Market Size, By Type, 2018-2023(USD Million)
Table 74 Middle East & Africa: Dairy Alternative Market Size, By Formulation, 2018-2023(USD Million)


List of Figures (26 Figures)

Figure 1 Market Segmentation
Figure 2 Regional Scope
Figure 3 Dairy Alternative Market: Research Design
Figure 4 Dairy Alternative Market: Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 Coconut Milk is Projected to Be the Fastest-Growing Type During the Forecast Period
Figure 9 Food Segment is Projected to Hold the Major Share During the Forecast Period
Figure 10 Flavored & Sweetened Formulation is Projected to Hold the Major Share During the Forecast Period
Figure 11 Coconut Milk Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Asia-Pacific Was the Largest Market in 2016
Figure 13 Increasing Popularity of Vegan Diet and Instances of Lactose Intolerance are Expected to Drive Growth in the Market
Figure 14 Flavored-Sweetened Formulation Accounted for the Largest Share in the North American Market in 2016
Figure 15 China is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Dairy Alternative Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 17 Dairy Alternative Market Segmentation
Figure 18 Consumer Preference for Vegan and Plant-Based Diet Drives Demand for Dairy Alternatives
Figure 19 Growth Rate of Global Beverage Sales, 2015–2017
Figure 20 Global Average Price of Raw Material, 2013-2017 (USD/MT)
Figure 21 Geographic Snapshot (2017–2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 22 The U.S. Was the Largest Market for Dairy Alternatives in North America
Figure 23 France Recorded the Largest Market for the Dairy Alternative Market in Europe in 2016
Figure 24 China Recorded as the Largest Market for the Dairy Alternative Market in Asia-Pacific
Figure 25 Dairy Alternative Market (Global) Competitive Leadership Mapping, 2017
Figure 26 Geographic Revenue Mix of the Top Five Dairy Alternative Producers

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