Europe Dairy Alternatives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Dairy Alternatives Market is Segmented by Type (Food (Yogurt, Frozen Desserts, and Other Foods) and Beverage (Soy Milk, Almond Milk, Coconut Milk, Rice Milk, and Other Beverages)), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Other Distribution Channels), and Geography (Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The report offers the market size and forecasts in value (USD billion) for the above segments.

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
CAGR: 7.12 %

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Market Overview

The Europe dairy alternatives market is forecasted to witness a CAGR of 7.12% during the forecast period, 2021-2026.

The growing concerns of Europeans about the consumption of conventional animal-based food and beverage products and the adoption of vegan diets in the wake of the COVID-19 outbreak due to rising health awareness are expected to drive the growth of plant-based food and beverages, including dairy alternatives.

Vegan and vegetarian products are not new to the market; however, the recent wave of innovation in products that mimic the taste and structure of traditional meat and dairy products has been a game-changer as they capture meat eaters' attention.

Furthermore, the COVID-19 pandemic's association with animal sources may result in a large European population shifting from conventional dairy to plant-based dairy due to various health and environmental concerns. The WHO is also advising the consumption of healthy natural fats and proteins, such as coconut and soy, for better gut and overall health. Due to these factors, plant-based food and beverages, especially in the dairy segment, are projected to skyrocket in the market during the forecast period.

Over the long term, the rising prevalence of lactose intolerance among individuals in Europe may fuel the demand for dairy alternatives. The antioxidant properties of dairy alternatives such as almond milk that can have a protective effect against cancer and heart diseases have further fueled the demand for dairy alternatives in Europe.

The rising number of health-conscious consumers and consumer awareness about the health benefits of dairy alternatives, is set to fuel the market growth during the forecast period.

Scope of the Report

Dairy alternatives are products that are plant-based milk alternatives made from various plant sources such as soy, rice, coconut, etc. The Europe dairy alternatives market is segmented by type (food (yogurt, frozen desserts, and other foods) and beverage (soy milk, almond milk, coconut milk, rice milk, and other beverages)), distribution channel (supermarkets/hypermarkets, convenience stores, online retail, and other distribution channels), and geography (Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The report offers the market size and forecasts in value (USD billion) for the above segments.

By Type
Food
Yogurt
Frozen Desserts
Other Foods
Beverage
Soy Milk
Almond Milk
Coconut Milk
Rice Milk
Other Beverages
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Retail
Other Distribution Channels
Geography
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe

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Key Market Trends

Frozen Desserts are Anticipated to be the Fastest-growing Segment

Frozen desserts are projected to become the fastest-growing segment in the Europe dairy alternatives market. The free-from trend is growing among frozen foods, with more producers introducing both gluten-free and lactose-free ranges on the background of increased consumer demand for such products in frozen food retailing. However, the lactose-free frozen food market is still limited to some of the developed markets in the region, such as Germany. Germany is the largest market in the region, which is the major consumer of frozen desserts, but owing to the recent outbreaks of obesity in the country, consumers are shifting toward unsweetened dairy-free ice creams and desserts.

Europe Dairy Alternatives Market1

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The United Kingdom Holds the Largest Market Share in the Region

The popularity of vegan diets is increasing in the United Kingdom due to the shift in consumer demand from animal protein to plant protein. This inclination toward plant-based diets is associated with different factors, such as sustainability issues, health awareness, ethical or religious views, and environmental and animal rights. The increasing consumer appetite for vegan-friendly foods depicts a huge market potential for plant-based beverages. In lieu of the consumer demand, the Sainsbury’s supermarket doubled the number of dairy-free milk brands it offers, with around 300 stores starting to roll out dedicated non-dairy bays with milk, yogurt, and other drinks. It has also introduced lines from CalifaFarms and Plenish as well as expanded its Alpro offering in these 300 stores, thereby driving the market growth during the study period.

Europe Dairy Alternatives Market2

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Competitive Landscape

Blue Diamonds Growers, Danone, and Hain Celestial are some of the companies leading in the dairy alternatives market in Europe. The companies account for a higher market share due to their global reach, wide product portfolios, and huge distribution networks. The Whitewave Foods Company's Alpro brand offers a wide range of products based on soy, almond, hazelnut, coconut, oat, and rice beverages to focus more on the rapidly growing market for plant-based alternatives to dairy. The companies are also focusing on expanding their production capabilities to achieve a major market share.

Recent Developments

In September 2020, Danone SA launched a range of plant-based yogurt drinks in the United Kingdom. The dairy-free drinks are available in Mango & Passionfruit and ­Blueberry flavors and are available across major retailers, including Waitrose, Tesco, and Sainsbury’s.

In February 2019, Califia Farms launched Ubermilk, which is made from oats and pea protein and is available in three different flavors, Unsweetened, Unsweetened Vanilla, and Chocolate.

In April 2018, Ripple Foods introduced dairy-free, high protein Greek yogurt available in various flavors, like Original, Strawberry, Blueberry, Vanilla, and Maple.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces 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

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Food

        1. 5.1.1.1 Yogurt

        2. 5.1.1.2 Frozen Desserts

        3. 5.1.1.3 Other Foods

      2. 5.1.2 Beverage

        1. 5.1.2.1 Soy Milk

        2. 5.1.2.2 Almond Milk

        3. 5.1.2.3 Coconut Milk

        4. 5.1.2.4 Rice Milk

        5. 5.1.2.5 Other Beverages

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Online Retail

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Germany

      5. 5.3.5 Russia

      6. 5.3.6 Italy

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Daiya Foods Inc.

      2. 6.3.2 Blue Diamonds Growers

      3. 6.3.3 Danone SA

      4. 6.3.4 Hain Celestial Group Inc.

      5. 6.3.5 Califia Farms

      6. 6.3.6 Oatly Ab

      7. 6.3.7 Ripple Foods

      8. 6.3.8 Braham & Murray

      9. 6.3.9 Sanitarium Health & Wellbeing Company

      10. 6.3.10 Ripple Foods

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Europe Dairy Alternatives Market market is studied from 2016 - 2026.

The Europe Dairy Alternatives Market is growing at a CAGR of 7.12% over the next 5 years.

Blue Diamond Growers, Oatly AB, Daiya Foods Inc., Danone SA, Braham & Murray are the major companies operating in Europe Dairy Alternatives Market.

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