Market Size of canada dairy alternatives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.04 Billion |
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Market Size (2029) | USD 1.77 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 11.24 % |
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Fastest Growing by Distribution Channel | Off-Trade |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Canada Dairy Alternatives Market Analysis
The Canada Dairy Alternatives Market size is estimated at 1.04 billion USD in 2024, and is expected to reach 1.77 billion USD by 2029, growing at a CAGR of 11.24% during the forecast period (2024-2029).
1.04 Billion
Market Size in 2024 (USD)
1.77 Billion
Market Size in 2029 (USD)
7.13 %
CAGR (2017-2023)
11.24 %
CAGR (2024-2029)
Largest Market by Category
48.34 %
value share, Non-Dairy Milk, 2023
The preference for non-dairy milk is largely driven by the growing intend towards different taste stimuli coupled with health consciousness among the consumers in the country
Largest Market by Distribution Channel
96.70 %
value share, Off-Trade, 2023
The wider availability of various brands, ease of reading product labels, and convenience in comparing different products make it the preferred type among consumers who prefer dairy alternative products
Fastest-growing Market by Category
28.85 %
Projected CAGR, Non-Dairy Cheese, 2024-2029
Growing awareness regarding animal cruelty and high acceptance of veganism are prompting consumers to opt for vegan foods such as plant-based cheese, captivating the growth of Non-Dairy Cheese segment
Fastest-growing Market by Distribution Channel
11.42 %
Projected CAGR, Off-Trade, 2024-2029
The rising preference to buy essential groceries online during the pandemic drove the off-trade channel. The growth is also assisted by better consumer reach through digital marketing
Leading Market Player
21.94 %
market share, Danone SA, 2022
Danone SA' major focus on the quality and high standards of the products in plant-based beverages segment with produts in wider range of brands made it maket leader
Rise in modern grocery retailing including hypermarkets and online stores fuels the sales through off-trade channels
- Supermarkets and hypermarkets primarily drive the high market share of off-trade channels. Supermarkets and hypermarkets have always maintained a strong lead in the sales of dairy alternatives in the country. The proximity factor of this channel, especially in large and developed cities, provides it with the added advantage of influencing the consumer's decision to purchase among the large variety of products available in the market. For instance, in Canada, supermarkets and hypermarkets covered 77.16% of the sales of dairy alternatives, by value, in 2022.
- The online channel is projected to be the fastest-growing distribution channel as modern consumers prefer online grocery purchases due to their busy lifestyles. In 2021, about 22% of Canadians bought groceries online regularly. Online sales of dairy alternatives grew by 117.27% during 2017-2022 to reach a market value of USD 15.37 million in 2022. By product type, plant-based milk is the largest sold across online retail channels. Key brands available across major e-commerce stores include Califia, Chobani, Blue Diamond, and Earth's Own.
- Key brands of dairy alternatives are launching their e-commerce stores either independently or through partnerships and acquisitions to cater to tech-savvy consumers. In November 2021, Feel Foods Ltd announced the development of a new e-commerce platform to facilitate the online distribution of the vegan cheese brand Black Sheep. Other companies adopting similar strategies include Lactalis Canada, Future of Cheese Inc., Vegano Foods, and The Cultured Nut Inc.
Understand The Key Trends Shaping This Market
