Dairy Alternative Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The global dairy alternative products market is segmented by type into Food as Frozen Dessert, Yogurt, Others ; Beverages as Soy milk, Almond milk, Coconut Milk, Rice milk, and other types; by sales channel into Supermarkets/Hypermarkets, Convenience stores, Online Stores; Geography

Market Snapshot

oral care products market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 9.85 %

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Market Overview

The global dairy alternatives market is projected to grow at a CAGR of 9.85% during the forecast period.

  • Perceived health benefits of consuming dairy-alternative products over conventional dairy products is the key driving factor for the market studied. However, the high cost of production associated with dairy alternatives is one of the restraining factors associated with the market.
  • Asia-Pacific was the largest geographical segment of the market studied. Increasing health concerns such as lactose-intolerance among the consumers have lead to innovations in the market, and this factor is providing opportunities to manufacturers to introduce new products in the region
  • Most of the consumers are seen switching from dairy to dairy-free products, because they are constantly getting aware of the fact that dairy-free diets may help alleviate certain problems, including digestive distress, an inability to lose weight, acne, and irritable bowel syndrome. Higher availability of dairy alternative products, along with growing awareness regarding benefits of dairy alternatives, will continue to drive the market over the forecast period.

Impact of COVID-19 on the Market:

  • The growing consumer concerns associated with the consumption of animal-based food and beverage products in the wake of the COVID-19 outbreak and the adoption of vegan diets owing to rising health awareness are expected to drive the growth of the dairy alternatives market. However, lack of cold chain infrastructure in the South-East Asian countries and comparatively higher prices of plant-based products are expected to hinder the market growth. ​
  • Soy is used primarily in plant-based products owing to its protein-rich content which is utilized widely in vegan food and beverage products due to its functional characteristics. Thus, various new plant-based products are being launched, incorporating soy as a raw material. Notably, tofu which is quite popular in the Eastern Asian region is often served as an alternative to meat, and cottage cheese in many parts of the region.
  • Furthermore, COVID-19’s association with animal sources will result in a large population shifting from meat-based proteins to plant-based proteins due to various health and environmental concerns. In the long term, COVID-19 situation is likely to impact the dairy alternatives market across the South-East Asian region on a positive note.

Scope of the Report

The global dairy alternative market includes dairy-free food such as frozen dessert, yogurt, others. the others include sour cream, dairy-free beverages include soy milk, almond milk, coconut milk, rice milk, and other types. By distribution channel in supermarkets/hypermarkets, convenience stores, online stores; and others. By geography, the scope includes North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Frozen Desserts
Soy Milk
Almond Milk
Coconut Milk
Rice Milk
By Distribution Channel
Supermarkets /Hypermarkets
Convenience Stores
Online Stores
By Geography
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
South America
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Non-Dairy Beverage Segment Leads the Market Share

The non-dairy beverages explored in this study are beverages made from extracts of plant materials, such as soy, rice, coconut, oats, or quinoa. The non-dairy plant-based beverages have much less calcium than cow’s milk. In the United States, non-dairy beverages are hence fortified with calcium and vitamins. Even when the content of fortified micronutrients is equivalent to that of cow’s milk, they cannot be considered equivalent, as the bioavailability of the added calcium also depends on the type of food. 

The dairy alternative beverages have been further boosted by the growing availability and promotion of plant-based options to traditional dairy lines. The dairy alternative space is bound to continue to develop and move in response to rapidly changing consumer demands.

Dairy Alternatives Market1

Asia-Pacific to Dominate the Global Market

The health and wellness trend in Asia - Pacific has brought the issue of food intolerances and allergies to the forefront of modern consumers’ minds, boosting the consumption of dairy alternative products. Consumers are starting to prefer products that are low in calories, contain no artificial ingredients, and protein-rich. This is driving the studied market's growth. Plant-based beverages provide vegetable protein or mixed proteins, which cater to the rising need for a healthy lifestyle.

 Consumers of plant-based protein in Asia-Pacific have adopted a dairy-free diet to improve their health and well-being, as plant-based diets can not only help curb obesity, stroke, and heart disease, prevent a variety of cancers, reduce cholesterol and arthritis pain, but also lower blood sugar, and increase energy and mental clarity.

Dairy Alternative Products Market2

Competitive Landscape

The dairy alternative products market is highly competitive, with various small and medium-sized companies and a few big players, resulting in stiff competition in the market. The market has the presence of various family-owned private companies operating in distinct categories and their presence is limited to fewer countries across the region. Some examples include Edward & Sons Trading Co., Earth's Own Food Company, Goya Foods Inc., Eden Foods Inc., Califia Farms, Ripple Foods, Hudson River Foods, etc.

Table of Contents


    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Food

        1. Frozen Desserts

        2. Yogurt

        3. Others

      2. 5.1.2 Beverages

        1. Soy Milk

        2. Almond Milk

        3. Coconut Milk

        4. Rice Milk

        5. Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets /Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Stores

      4. 5.2.4 Others

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Russia

        5. Spain

        6. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. India

        2. China

        3. Japan

        4. Rest of Asia-Pacific

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East and Africa


    1. 6.1 Most Active Companies

    2. 6.2 Key Strategies Adopted

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Groupe Danone

      2. 6.4.2 Blue Diamond Growers

      3. 6.4.3 Campbell Soup Company

      4. 6.4.4 Hain Celestial Group.

      5. 6.4.5 Goya Foods Inc.

      6. 6.4.6 Califia Farms

      7. 6.4.7 Daiya Food Inc.

      8. 6.4.8 Sanitarium Health & Wellbeing Company

      9. 6.4.9 Earth's Own Food Company

      10. 6.4.10 Vitasoy International Holdings Ltd

    5. *List Not Exhaustive


**Subject to Availability

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Frequently Asked Questions

The Dairy Alternative Products Market market is studied from 2016 - 2026.

The Dairy Alternative Products Market is growing at a CAGR of 9.85% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Groupe Danone, Vitasoy International Holdings, Freedom Food Group Ltd, Kikkoman Corporation, Campbell Soup Company are the major companies operating in Dairy Alternative Products Market.

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