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North America dairy alternative market is segmented by Product Type Food (Yoghurt, Frozen Desserts and Other Foods), and Beverage (Soy Milk, Almond Milk, Coconut Milk, Rice Milk and Other Beverages), and Distribution Channel (Hypermarket/ Supermarket, Convenience Stores, Online Retail Stores and Other Distribution Channels); and by Country
Fastest Growing Market:
North America's dairy alternatives market is forecasted to reach USD 8.2 billion by 2024, witnessing a CAGR of 9.57% during the forecast period (2020 - 2025).
The scope of the North America dairy alternatives market contains segmentation of dairy alternative products in the region by Product Type under Food and Beverage, and distribution channel The food segment contains Yoghurt, Frozen Desserts, and Other Foods, whereas, Beverage segment contains Soy Milk, Almond Milk, Coconut Milk, Rice Milk and Other Beverages. On the basis of the Distribution Channel under Hypermarket/ Supermarket, Convenience Stores, Online Retail Channels and Other Distribution Channels. Also, the study provides an analysis of the dairy alternatives market in the emerging and established markets across the North American region, including the United States, Canada, Mexico, and Rest of North American countries.
|Online Retail Channels|
|Other Distribution Channels|
|Rest of North America|
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The major factor driving consumers to choose dairy-free food is a shift in awareness of consumers towards dairy-free and how it is better for them. Several reasons that customers are looking for substitutes for dairy. Major ones are milk allergy, lactose intolerance, and vegans. The important dairy food products that are preferred as dairy-free are yogurts, frozen desserts, sour cream, and others. Millennials, in particular, are a potential audience for probiotic plant-based yogurts, as they are interested in probiotic foods and beverages, plant-based options, and snacking. The common flavors such as unflavored/plain are often not paired with other flavors. Manufacturers are focused on developing dairy-free yogurts that are healthy, plant-based with clean labels, taste, and interesting flavor profiles.
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United States dairy consumers are opting for dairy-alternatives due to lactose intolerance, dairy sensitivity, or allergy. Soy and almond milk are the preferred milk alternatives in the United States. The rise in popularity of organic milk, due to a growing number of health-conscious consumers. and the trend of paleo diets is encouraging dairy alternative producers to expand. Higher demand for soy desserts has been observed, which is a result of increased indulgence and demand for on-the-go snacks. There has been a significant increase in the sales of chocolate-based soy desserts, as they are 100% plant-based, lactose-free, and free from artificial colors and preservatives.
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North America's dairy alternative products market is highly fragmented, 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 few family-owned private companies operating in distinct categories and their presence is limited to fewer countries across the region. Dean Foods, Daiya Foods Inc., Earth Own Food Company Inc., Blue Diamond Growers Inc., Sunopta Inc., Archer Daniels Midland Company, Nutriops S.L., Sanitarium Health & Wellbeing Company are some of the major companies engaged in manufacturing and distribution of dairy alternatives across the region.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
18.104.22.168 Frozen Desserts
22.214.171.124 Other Foods
126.96.36.199 Soy Milk
188.8.131.52 Almond Milk
184.108.40.206 Coconut Milk
220.127.116.11 Rice Milk
18.104.22.168 Other Beverages
5.2 Distribution Channel
5.2.2 Convenience Stores
5.2.3 Online Retail Channels
5.2.4 Other Distribution Channels
5.3.1 United States
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Groupe Danone
6.4.2 Dean Foods Company
6.4.3 SunOpta Inc.
6.4.4 Blue Diamond Growers Inc.
6.4.5 Daiya Foods
6.4.6 Sanitarium Health & Wellbeing Company
6.4.7 Eden Foods Inc.
6.4.8 The Hain Celestial Group Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability