Dairy Alternatives Market

Global Dairy Alternatives Market is valued at USD 22.24 Billion in 2021 and expected to reach USD 50.73 Billion by 2028 with a CAGR of 12.30% over the forecast period.

Global Dairy Alternatives Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for organic foods, rising awareness regarding the health benefits of consuming plant-based dairy alternatives and growing social media marketing of plant-based dairy alternatives are some of the major factors driving the growth of the Global Dairy Alternatives Food Market.

Scope of Global Dairy Alternatives Market Report

Dairy alternatives include numerous food products made from natural plant-sourced ingredients. Dairy alternatives are plant-based, chemical as well as natural-free milk products obtained through seeds, nuts, or grains. Dairy substitutes are majorly adopted from several cereals such as wheat, oats, nuts, rice, and barley. The products are derived from plants and are considered as a healthy alternative. There are different types of dairy alternatives; these are desserts, snacks, vegan milk products, vegan butter and ghee alternatives, vegan cheese, and others. Dairy alternatives are considered healthy in presence of several essential vitamins and minerals. And they are also low in fat, cholesterol, and have a zero concentration of lactose. Plant-based dairy alternatives have positive effects because of their rich antioxidant activity and fatty acids, which reduce the risk of cardiovascular diseases, cancer, atherosclerosis, and diabetes. Furthermore, many other dairy alternatives products are increasing due to enhanced vegan diet adoption are likely to play a positive role in the global dairy alternatives market expansion.

The Global dairy Alternatives Market is segmented based on type, source, distribution channel, and region & country level. Based on type, the global dairy alternative market is segmented into Desserts, Snacks, Vegan Milk products, Vegan Butter/Ghee Alternatives, Vegan cheese, and others. Dessert’s market is sub-segmented into sweets, silver and gold leaves, Ice cream, chocolate chips, Confessionary, Vegan cakes, and others. Snacks market is sub segmented into Chips, Cookies Crackers, Roasted chickpeas, Fruit leather, and others. Vegan Milk products market is sub segmented into Soya milk, Almond milk, Coconut milk, Oat milk, Rice milk, Cashew milk, Hemp milk, Quinoa Milk, Macadamia Milk, and others. Vegan Butter/Ghee Alternatives market is sub-segmented into Coconut oil, Olive oil, Sunflower oil, Avocado oil, Walnut oil, Peanut oil, Sesame oil, Canola oil, Flaxseed oil and others. Vegan cheese market is sub-segmented into Mozzarella cheese, Parmesan cheese, Cheddar cheese, Gouda cheese, Cream cheese, non-dairy based cheese, Vegan blue cheese, Vegan Camembert & Brie Cheese, and others. Based on source, the dairy alternatives market segmented into Almond Protein, Soy Protein, Wheat Protein, Pea Protein, Rice, Protein, and others. By distribution channel, the global dairy alternatives market is segmented into Online stores, Supermarkets & Hypermarkets, Convenience Stores, Department stores, Cash and Carries & Warehouse Clubs, Food & Drinks specialists, Vending machines, On Trade, Others.

COVID-19 pandemic has made several impacts on the global dairy alternatives market as many businesses have become non-operational. Consumer demand for nutritional values such as low calories, high protein, and vitamins has witnessed substantial growth during the COVID-19 pandemic. For example, in 2021, according to the European Vegetarian Union, around 10% of the people in Europe were vegetarians, and 3% were vegan. Owing to this, a huge consumer base across the globe has been shifting to dairy alternatives. For instance, on 10th March 2021 - As per the Medical News Today, Vegan Plant- Based Diet it helps the body to have healthy immunity booster it could aid in SARS-CoV-2 infection prevention and reduces the risk of severe symptoms. Moreover, the popularity of the vegan diet has increased due to COVID-19 as consumers have been increasingly adopting plant-based food products, further boosting the sales of dairy substitutes across the globe. From the above mentioned, the COVID-19 pandemic has had a positive impact on the global dairy alternatives Market.

News-

Vegan Oat Milk Lattes Launch at Drive-Thru Coffee Chain Dutch Bros On January 7th, 2021- Dutch Bros., the country’s largest privately owned drive-thru coffee chain, offered vegan oat milk to more than 400 locations nationwide. The new oat milk was ordered for around USD 0.50 charges in any beverage. And the new vegan milk was also part of the chain’s new The Oat Kicker Latte, and it is a permanent menu item, and it was promoted.

India: Epigamia Launches Dairy-Free Coconut Milk Yogurt

On 12nd June 2020; The Indian startup Epigamic has launched a range of plant-based yogurt for Indian consumers which was made with coconuts. With its creamy texture, the company claims the yogurt’s consistency was almost indistinguishable from conventional dairy yogurts. It was available in two flavors they are Unsweetened and Coconut Jaggery. And it was great in probiotics and free of preservatives. By launching coconut milk yogurts, Epigamia aims to decrease its impact on the environment. And it’s not just the yogurts that are more sustainable than conventional dairy products and are available from the brand’s online store.

Multinational Cheese Company Bel Group Acquires ‘All in Foods’ as Part of “Plant-Based Strategy”

On 16th March 2020; Paris-based Bel Group, a subsidiary of Unibell and owner of household cheese brands such as Babybel, Laughing Cow, and Boursin; acquired All in Foods, a French startup that creates the Nature & Moi brand. Bel Group states this was part of a mission to become a major player in the healthy snack market.

Germany’s Largest Dairy Cooperative Launches Oat-Based Vegan Desserts

On 29th March 2022- The Germany’s largest dairy cooperative, DMK launched plant-based products under its MILRAM brand. The new oat-based range contains vegan desserts, chocolate milk, and rice pudding. The desserts arise in vanilla and chocolate flavours, made with natural bourbon vanilla and Rainforest Alliance certified cocoa respectively. Similarly, the rice pudding and chocolate oat milk both are ready to eat and have a short, recognisable ingredients list. According to DMK’s research, around 40% of MILRAM buyers already buy milk alternatives, advanced than the German average. Also, sales of plant-based desserts are rising in this country. While maximum consumers said they would prefer these types of desserts to be made with oats, the vast majority are currently interested in soy-based, indicating that DMK has found a gap in the market.

Journal Pharmacognosy and Phytochemistry: Studies on Quality Evaluation of OAT Milk

In 2020 - According to author Syed SJ of the journal Pharmacognosy and Phytochemistry, the author assessed that the adequacy of dairy alternative diets to provide certain nutrients and to support growth and development. In the investigation, efforts were made to develop oat milk with different durations of soaking periods. The study revealed that 8 hours of soaking was found to be optimum for the extraction of the milk. The milk was given an enzymatic treatment, after which it was filtered and the enzyme was inactivated by heating. Stabilizers and flavors were added to improve its suitability. The method described is very useful for researchers who review this research and also for plant-based dairy alternatives market growth for the forecast period for oat milk.

Journal of Functional Food: Plant-Based Milk Substitutes: Bioactive Compounds, Conventional and Novel Processes, Bioavailability Studies, and Health Effects

In July 2020- According to author Elif Feyza Aydara, SenaTutuncua, and Beraat Ozcelik of the Journal of Functional Foods, the consumption of plant-based milk alternatives has spread rapidly around the world due to its several positive health effects on the human body. Individuals with cow’s milk allergy, lactose intolerance, and hypercholesterolemia prefer these beverages. Despite the added sugar and lack of total protein content, phenolic compounds, antioxidant activity, unsaturated fatty acids, and bioactive compounds such as phytosterols and isoflavones make plant-based milk alternatives an excellent choice. In addition to the health effects, this review includes conventional and novel processes for 12 different plant-based milk alternatives, including almond, cashew, coconut, hazelnut, peanut, sesame, soy, tiger nut, oat, rice, hemp, and walnut. From the above-mentioned research, it is evident that plant-based milk substitutes have a positive health effect on the human body due to the consumption of plant-based milk alternatives. As a result, every person who opts for vegan dairy alternatives contributes to the growth of the vegan dairy alternatives market.

Research History Analysis

People have been consuming dairy alternatives products since ancient times. Originated in China, fermented tofu has been consumed for more than 1500 years. The first modern-era innovation of vegan dairy alternative products took place around some time in the years of 1800s. Harvey Kellog was a founder, doctor, businessman, and health activist. His cereal brand, Kellogg’s, created a wide range of vegan dairy-free cheese products. One of these products gathered supplementary attention than the others. Nuttolene was a product prepared up of nuts and had a cream cheese consistency.

In 1910, the first soya dairy factory was set up nearby Paris by Li Yu-Ying, a Chinese biologist and engineer. The factory was granted the world's first soya milk patent and titled was 'Vegetable milk and its derivatives’. Li-Yu-Ying played a main role in bringing the products made from soy from west to east. In the year of 1911, he set up plant-based dairy, where he made and sold fermented tofu cheese. These were initial products, and it is further developed into final products like cheese, which plays a role of substitute of dairy alternatives. However, in current times, there were few vegans’ dairy-free cheese alternative options that are available in the market.

In the 20th century, plant-based milks started being commercially manufactured in a powdered form that had to be mixed with water before being consumed. These plant-based milks were first announced as health beverages.

Dairy Alternatives – Cheese, Yogurt, Butter, and Ice Cream

In May 2022, by researchgate.net, published in Food Science Journal-According to author David Julian McClements and Lutz Großmann, plant-based alternatives to dairy foods such as cheese, butter, ice cream, and yoghurt are important products in the plant-based food portfolio. The dominant ingredient in conventional dairy products is milk. In contrast, dairy alternatives utilise numerous different ingredients to successfully create the desired physicochemical properties, textures, and flavours that mimic those of milk products. This research demonstrates the most important ingredients and the functionality needed to obtain such properties in cheese, yogurt, ice cream, and whipping cream, and butter alternatives. Processes and parameters were described that are important for the manufacturing of these dairy analogies. The research also highlights some essential sustainability and health aspects that need to be considered when designing products that are intended as dairy alternatives.

Increasing Demand for Milk Alternatives, Rising Awareness Regarding the Health Benefits of Consuming Dairy Alternatives, and Growing Social Media Marketing of Vegan Products are some of the major Factors Rocketing the Market Growth Growing demand in the milk alternatives industry is one of the leading factors augmenting the growth of the dairy alternatives market. Lactose intolerance affects people around the world, which means they are unable to digest lactose due to factors such as hereditary lactase deficiency, age-related lactase deficiency, poor eating habits, stress, anxiety, and so on. Lactose intolerance is also becoming more common. Therefore, people's preferences are shifting toward plant-based alternatives. Furthermore, numerous dairy industries are widely misusing antibiotics to create a high demand for dairy products. Antibiotics given to animals eventually affect consumers and are paving the way for major problems in the future. As a result, people are giving more preference to milk alternatives. For example, on 27th May 2022, Dairy is also the most common allergen in early childhood and around 5% of UK adults are lactose intolerant. Therefore, people are choosing dairy alternatives for a healthy life. For instance, on 28th July 2021, NotCo, a start-up founded in Chile, is one product brand. The company’s Not Milk product brand, made from pineapple, chicory root fibre, cabbage, coconut oil, and pea protein, is sold at around 3,000 Whole Foods stores in the US. For example, according to the Good Food Industry organisation in 2020, approximately 40% of plant-based milk consumers have used more than one type of plant-based milk in the past 12 months in India. Around 20% of users have used all 3 types of milk, which are almond, soya, and oat-based milks. These facts are attributed to enhance the sales of the global dairy alternative market.

In addition, the increasing awareness regarding the health benefits of consuming plant-based dairy alternatives is also boosting the market's growth. Not having enough calcium in a diet may increase the risk of osteoporosis. Osteoporosis is a disease of the bones where they become weak and can break easily. Therefore, there are lots of essential nutrients in dairy products which contains iodine, calcium, vitamin A, vitamin D, riboflavin, vitamin B12, and zinc. For example, according to the Victoria State Government, calcium and vitamin D help the body to build up strong, dense bones as it grows, and they keep bones strong and healthy as it gets older. Generally, adults need 1,000 milligrams of calcium each day. This rises to 1,300 milligrams for women aged over 50 and men aged over 70. This cautiousness is forcing consumers to turn to dairy alternative products that are significantly healthier and lowers the risk of osteoporosis. This in turn encouraging the revenue of the dairy alternative market.

However, plant-based dairy substitute products also have various negative health effects, including lack of protein content, low bioavailability of vitamins & minerals, and oral health problems, which in turn are predictable to hamper the growth of the market over the forecast period. For instance, by the National Cancer Institute at the National Institutes of Health and the World Cancer Research Fund in 2020, this study claims that women who drink cow’s milk could increase their risk of developing breast cancer by up to 80% compared to women who drink soy milk.

Also, the growing of social media marketing is another factor of developing the market growth. The extensive promotional activities by celebrities and athletes like Deanne Panday, Mithali Raj, Nidhi Mohan Kamal, Komal Narang, Shivesh Bhatia, etc. they maintain a healthy lifestyle and they promote these products which helps to boost the dairy alternatives market.

Despite that, growing demand for organic food and a growing number of advancements in this field may create more opportunities in the global dairy alternatives market. In 2019, by Dairy Management Inc., the trade association funded by the U.S. Dairy Promotion Program, which is funded by mandated check-off fees. And that around 48% of US consumers purchased both dairy and plant-based milks as compared to around 47% that purchased only dairy milk and only around 5% bought only plant-based milk. The opportunity for plant-based dairy alternatives is vast. According to the data presented above, the plant-based food market is expanding at a rapid pace.

Vegan Milk - According to a sentient media organisation, vegan milk of all kinds has increased in popularity in the ancient several years. Around the world, the estimated per capita intake of plant-based milk has grown from around half a kilogram in 2013 to nearly a full kilogram in 2020. Meanwhile, the global consumption of milk substitutes grew from 3.7 billion kilograms in 2013 to 6.3 billion kilograms in 2020.

Market Positioning Analysis: Top 10 companies’ product analysis-

Danone SA -

Danone is engaged in developing, producing, and selling food products and beverages. The company operates through three business segments, and they are Essential Dairy & Plant-based Food, Specialized Nutrition, and Waters. The company’s brand portfolio contains both international brands (Activia, Actimel, Alpro, Danette, Danonino, Evian, Danio, Volvic, Nutrilon/Aptamil, and Nutricia) and local brands (Aqua, Blédina, Cow & Gate, Bonafont, Horizon Organic, Oikos, Mizone, Prostokvashino, Silk, and Vega). The company offers plant-based dairy alternatives and meat alternatives through its Essential Dairy and Plant-based Food Segments. Through its network of 530 innovation & research specialists in 40 countries, the company sells its products in more than 120 countries. By doing research and innovation, the company estimated their growth in terms of revenue and sales.

Follow Your Heart -

The Company was founded in 1970 and is headquartered in Canoga Park, US, Follow Your Heart is engaged in manufacturing and selling vegan and vegetarian foods. In the space of dairy alternatives, the company provides vegan yoghurts and cheese. The company also owns and drives a restaurant. It sells and markets its products through grocery stores, restaurants, and online portals in 23 countries. By doing this they are getting more investors, and every day basis they are getting venture capitals. And also there main aim is to make bigger company.

The Hain Celestial Group, Inc. -

The Hain Celestial Group is engaged in producing, marketing, distributing, and selling foodstuffs, personal care products, and alternative meat products. The company operates through four business segments; they are Grocery, Snacks, Personal Care, and Tea. The company offers soy, rice, almond, oat, and coconut-based beverages, and frozen desserts. The company offers plant-based foods through various brands such as The Lima, Natumi, Dream, Joya, WestSoy, and Formatio. The company sells its products through specialty and natural food distributors, supermarkets; natural food stores; e-commerce retailers and mass-market; and foodservice channels and clubs. With numerous manufacturing facilities in Europe and North America, the company has its geographic presence in more than 70 countries. Hain Celestial Group is a leader in plant-based food in Europe, offering a wide range of products around the world.

Sahmyook Foods –

The Company was founded in 1978 and is headquartered in Cheonan, South Korea; Sahmyook Foods is engaged in manufacturing and marketing vegetarian and vegan products. The company’s product portfolio contains soy milk, and drinks. The company has its geographical presence in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The company develops, produces and sells their products, not for the profits, but for the good health of the customers. Therefore, due to the healthy food of this company, their product demand is increasing for plant-based dairy alternatives.

Sanitarium Health and Wellbeing Company -

Sanitarium Health was founded in 1898 and is headquartered in Melbourne, Australia. Wellbeing is engaged in manufacturing and marketing plant-based breakfast cereals and vegetarian products. The company offers its products through many brands. They are weet-bix, up & go, so good, sanitarium PB, and spreads. The company offers milk substitutes through its So Good brand. With its production facilities in Australia and New Zealand, the company sells its products in Asia-Pacific. In caring for the health and wellbeing of those all over the world, the company continues to create delicious and nutritious dairy-free milks, breakfast cereals, spreads and vegetarian foods. And also, the company’s main focus is in -Good food should also be good for the environment.

Axiom Foods, Inc. -

Founded in 1898 and headquartered in Melbourne, Australia, Sanitarium Health and Wellbeing is engaged in manufacturing and marketing plant-based breakfast cereals and vegetarian products. The company offers its products through numerous brands they are weet-bix, up & go, so good, sanitarium PB, and spreads. The company offers milk substitutes through its So Good brand. With its producing facilities in Australia and New Zealand, the company sells its products in Asia-Pacific. The company is committed to industry and consumer education plus excellent customer service, including providing formulation support through their premiere partners. The end goal of the Company is making food, beverage and nutritional products more inclusive for consumers.

Daiya Foods Inc. -

Founded in 2008 and headquartered in Vancouver, Canada, Daiya Foods is engaged in manufacturing and supplying plant-based food products. The company’s portfolio contains cheese alternative products, yoghurt alternatives, dressings, and desserts. To develop its presence in the market, the company also partnered with other companies. Daiya Foods has a geographical presence in North America, Latin America, Europe, and Asia-Pacific. However, Daiya Foods is proud to be a leader in delicious dairy free, gluten free, and soy-free foods. Therefore, vegan dairy alternatives demand is rising for plant-based dairy alternatives.

Earth’s Own Food Company, Inc. -

Founded in 1996 and headquartered in Vancouver, Canada, Earth’s Own Food Company is engaged in producing and selling nutritional F&B products. The company’s product portfolio contains non-dairy beverages, soy beverages, non-dairy puddings, and organic rice beverages. Earth’s Own Food offers its products in health and grocery stores. Moreover, the company also manufactures and distributes brands like So Good, So Nice, and Almond Fresh within Canada. Earth's Own Food Company, Inc. is a pioneering healthy food and non-dairy beverage company dedicated to nutritional innovation and sustainability in order to actively improve people's lives and wellbeing.

Vbites Food, Ltd. -

Founded in 1993 and headquartered in the UK, Vbites is engaged in producing and selling plant-based food products. The company’s products are segmented into dairy-free, meal kits, fish-free, and meat-free products. In the space of dairy alternatives, the company offers plant-based cream and cheese. With its production facilities in the UK, the company has a presence in over 25 countries worldwide. And because their food is naturally free of cholesterol, lactose, artificial colours, hydrogenated fats, and GMOs, it is suitable for people with lactose casein and cholesterol free dietary needs. Therefore, for a healthy diet and a healthy life, everyone is going towards plant-based dairy alternatives.

Sunopta Inc. -

Founded in 1973 and headquartered in Ontario, Canada, Sunopta is engaged in sourcing, processing, and distributing plant-based beverages & foods, organic ingredients, and organic foods and beverages. The company offers dairy alternatives, primarily oat milk, soymilk, coconut milk, almond milk, and hemp milk in the space of dairy alternatives. The company has a geographical presence in the Americas, Europe, Africa, and Asia. The company offers plant-based dairy alternatives through its essential dairy and plant-based products, which are responsible for the increasing demand of consumers.

Patent Analysis: Plant-based milk alternative with new taste experience

In 2020- According to Inventor Yue Wang, Marina BORTOLIN, and Margarita MITROPOULOU, the present invention relates generally to the field of plant-based drinkable compositions. Such plant-based drinkable compositions are often consumed to substitute milk-based beverages. In particular, the current invention relates to plant-based compositions with a new taste experience. And it is suitable for out-of-home intake, for example, during the day. One embodiment of the present invention relates to a plant-based composition, wherein said composition comprises water, glucose syrup from rice, bean protein, pistachio puree, lemon oil, and salt; and wherein said composition is a beverage. For example, the composition of the current invention may be fortified with nutrients, vitamins, and/or minerals to meet the nutritional requirements of people consuming the composition of the present invention even better.

Plant-based milk alternative composition and method

In 2018- According to Inventors David Earl and Eric HYDE, the present invention relates to a plant-based milk alternative composition useful in various food and beverage products. That approximates the nutritional and functional properties of dairy milk but does not contain lactose or dairy. The current invention is a plant-based milk alternative base composition for use in preparing food and beverage products and a method for making it. In addition to their use as nutritional beverages, plant-based milk alternatives can also be used to produce non-dairy creamers, non-dairy frozen desserts, non-dairy yoghurts, and other food products that traditionally require a dairy milk product base.

Regional Analysis

Asia-Pacific accounting major shares in the global dairy alternatives market, due to increasing consumer awareness of the importance of protein-rich diets. Growing populations and increasing disposable incomes in emerging countries such as India, China, and Japan are expected to augment the demand for the product in this region. Increasing cases of lactose intolerance and the increasing health issues associated with harmful additives used in dairy products are anticipated to boost the demand for non-dairy products. Such products are soy milk, almond milk, rice milk, and other dairy alternatives in the region. For example, in 2019, Invigorate Foods announced its plans to invest up to INR 600 million (60 crore) in the next three years in plants, and equipment. And other capital goods required for producing soya milk products in India. For instance, in January 2020, The Coca-Cola Company acquired the entire remaining stake in Fairlife LLC from its joint venture partner Select Milk Producers to meet the fast-changing demands of consumers for lactose-free products. For example, on March 22nd, 2022, Organic Valley has launched of its new premium organic Creamers, available in French Vanilla and Sweet Cream flavours. At-home baristas had a great tasting new creamer option that is around 40% less sugar than the leading flavoured creamer brand, contains no artificial ingredients, and is lactose free.

North America is on second position in the global dairy alternatives market, as a variety of dairy alternatives such as yoghurt and ice cream are consumed on a large scale. Flavoured milk accounts for more than two-thirds of milk products sold in North American schools. Growing consumer demand for sweetened flavoured almond and soy milk is expected to be a key factor driving the industry. Milk-based dairy alternatives are used for manufacturing numerous food items and desserts, which is expected to drive the industry above the forecast period in the North American region. Despite dairy alternatives-based ice cream witnessing adequate demand in North America as compared to milk-based ice cream, the growth of this product category is expected to be much higher above the forecast period. For example, In April 2021, SunOpta acquired Hain Celestial Group’s North America plant-based dairy alternatives beverages brands for a total of USD 33 million. The deal includes the purchase of two vegan plant-based beverage brands, Dream and WestSoy. For instance, Valio USA launched a new line of oat yoghurts, in 2021, The yogurt flavours include Plain Blueberry, Vanilla, and Raspberry. For example, on 14th December, 2020 - Danone North America was launched its latest plant-based product offering, Silk Kids Almond Milk Yoghurt Alternative.

Europe ranks third in the global dairy alternatives market. The European market for dairy alternatives is expected to witness ample growth over the forecast period owing to the increasing demand for healthy foods and beverages in the region. Dairy alternative-based beverages are often consumed as substitutes for dairy beverages. Manufacturers operating in the region are focusing on new product development, which includes fresh soy drinks and soy juice mixes. For instance, on August 13th, 2020 - Nestle, the multinational food, and drink corporation has recently expanded the range of plant-based dairy alternatives in Europe. As per the company, the newly launched products contain lower amounts of sugar compared to conventional products and are lactose-free.

Key Players of Dairy Alternatives Market Report

• Danone SA
• Follow Your Heart
• The Hain Celestial Group
• Sahmyook Foods
• Sanitarium Health and Wellbeing Company
• Axiom Foods
• Daiya Foods
• Earth’s Own Food Company
• Vbites Food
• Sunopta Inc
• others.
• Blue Diamond Growers
• Archer Daniels Midland Company
• E. I. du Pont de Nemours and Company
• The Whitewave Foods Company
• Freedom Foods Group Limited
• SunOpta
• Earth’s Own Food Company
• The Hain Celestial Group
• Eden Foods

Dairy Alternatives Market Segmentation

By Type:

• Desserts

  • Sweets 
  • Silver and gold leaves 
  • Ice cream 
  • Chocolate chips 
  • Confessionary 
  • Vegan cakes 
  • Others 

• Snacks

  • Chips 
  • Cookies 
  • Crackers 
  • Roasted chickpeas 
  • Fruit leather 
  • Others 

• Vegan Milk products

  • Soya milk
  • Almond milk
  • Coconut milk
  • Oat milk
  • Rice milk
  • Cashew milk
  • Hemp milk
  • Quinoa Milk
  • Macadamia Milk
  • Others 

• Vegan Butter/Ghee Alternatives 

  • Coconut oil
  • Olive oil
  • Sunflower oil
  • Avocado oil
  • Walnut oil 
  • Peanut oil
  • Sesame oil 
  • Canola oil
  • Flaxseed oil
  • Others 

• Vegan cheese

  • Mozzarella cheese 
  • Parmesan cheese 
  • Cheddar cheese 
  • Gouda cheese 
  • Cream cheese 
  • Non- dairy-based cheese 
  • Vegan blue cheese
  • Vegan Camembert and Brie Cheese 
  • Others

• Others

By Source

• Almond Protein
• Soy Protein
• Wheat Protein
• Pea Protein
• Rice Protein
• Others

By Distribution Channel

• Online Stores
• Supermarkets & Hypermarkets
• Convenience Stores
• Department stores
• Cash and Carries & Warehouse Clubs
• Food & Drinks specialists
• Vending machines
• On Trade
• Others

By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2015 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 22.24 Billion
Base year considered	2021
Forecast Period CAGR %:	12.30%
Market Size Expected in 2028:	USD 50.73 Billion
Tables, Charts & Figures:	175
Pages	300
Dairy Alternatives Companies	Danone SA, Follow Your Heart, The Hain Celestial Group, Sahmyook Foods, Sanitarium Health and Wellbeing Company, Axiom Foods, Daiya Foods, Earth’s Own Food Company, Vbites Food, Sunopta Inc, Blue Diamond Growers, Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, The Whitewave Foods Company, Freedom Foods Group Limited, SunOpta, Earth’s Own Food Company, The Hain Celestial Group, Eden Foods, others.
Segments Covered	By Type, By Source, By Distribution Channel, By End Users.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa