Dairy Alternative (Beverage) Market By Type & By Formulation 2021 | IndustryARC
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Dairy alternative (beverage) market
Dairy Alternatives (Beverage) Market: By Type (Almond, Soy, Coconut, Cashew, Oats); Formulation (Plain, Flavored, Sweetened, Non-Sweetened); Channel (Super Markets, Convenience Stores, Health Food Stores, Pharmacies) – Forecast (2016 - 2021).
Report Code : FBR 0024
Published: 01 May, 2016   No. of pages: 111

  • Report Description
  • Table of Contents
  • Tables And Figures
  • Customization Options
Dairy alternative beverages are plant based milk which is extracted through grains, nuts and seeds. Unlike the regular dairy beverages they have low cholesterol and low fat content. Dairy intolerant, vegans and individuals with milk allergies primarily consume dairy alternative beverages.

The global dairy alternative beverage market is categorized into various types of milk such as:
  • Rice
  • Almond
  • Soy
  • Coconut
  • Cashew
  • Oat and Others

These are some of the widely used substitutes for milk. The dairy alternatives market is estimated to grow at a CAGR of 9.9% from 2016 to 2021. The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Asia-Pacific is the dominant market which held close to 60% of the overall market in 2015, whereas RoW encompassing South America, Middle East and Africa is forecast to be fastest growing market.

Dairy Alternative Beverage market

Dairy alternative beverages are distributed through supermarkets, health food stores, convenience stores, pharmacies and others. These products are available in several formulations including plain, flavored, sweetened and non-sweetened. Supermarket is the most preferred channel by the consumer as well as product provider in this market.

The major players in this market include:
  • WhiteWave Foods Company (U.S.)
  • Blue Diamond Growers (U.S.)
  • Vitasoy International (Hong Kong)
  • Sunopta (Canada)
  • Earth’s Own Food (Canada)

These companies have significant presence in the dairy alternatives (beverage) market with wide product mix and considerable brand image. However, the geographical reach of market players is limited to few regions. More consolidation is expected in the coming years as manufacturers focus on developing and launching products from emerging sources with new flavors and nutrient fortification.

Key Takeaways:
  • Almond Milk dominates the market, whereas coconut milk is estimated to be the fastest growing segment
  • Dairy alternatives are supplemented/fortified with essential nutrients such as calcium and vitamin D to enhance the nutritional profile of the offerings
  • Growing instances of intolerance and allergies coupled with rising health consciousness among consumers is driving the market for dairy alternatives
  • Plain non-sweetened and flavored sweetened formulations of dairy alternative beverages are estimated to witness fastest growth.
1. Global Dairy Alternative (Beverage) Market Overview
2. Executive Summary
3. Global Dairy Alternative (Beverage) Market Landscape

   3.1. Market share Analysis
   3.2. Competitive Analysis
      3.2.1. Patent Analysis
      3.2.2. Top 5 Financial Analysis
4. Global Dairy Alternative (Beverage) - Market Forces
   4.1. Market Drivers
      4.1.1. Growing demand of plant based milk especially from women millennial
      4.1.2. Organic and natural dairy alternatives to drive the market
      4.1.3. Increasing awareness about dairy alternative products and their benefits coupled with growing vegan population
      4.1.4. Rising incidences of dairy milk allergies and lactose-intolerance
      4.1.5. Manufacturers are focusing on enhanced nutrition and positioning dairy alternative products as high protein level and lactose-free dairy products thus attracting consumers
      4.1.6. Growing demand for soy, rice and almond milk proteins
      4.1.7. Innovation in flavors and sources of dairy alternative beverages to drive the market
   4.2. Market Constraints
      4.2.1. High cost of dairy alternative milk compared to conventional milk
      4.2.2. Non-Availability of quality raw materials
   4.3. Market Challenges
      4.3.1. Enriched, low cholesterol, low fat, low sodium, skimmed conventional milks are gaining prominence which restrains the dairy alternatives growth
      4.3.2. Threat of cross-contamination of raw materials
      4.3.3. The high cost involved in R&D activities is restraining the growth of this market
   4.4. Attractiveness of the Dairy Alternative (Beverage) Industry
      4.4.1. Power of Suppliers
      4.4.2. Power of Customers
      4.4.3. Threat of New entrants
      4.4.4. Threat of Substitution
      4.4.5. Degree of Competition
5. Global Dairy Alternative (Beverage) Market – Strategic Analysis
   5.1. Value Chain Analysis
   5.2. Pricing Analysis
   5.3. Opportunity Analysis
   5.4. Product Life Cycle Analysis
6. Global Dairy Alternative (Beverage) Market – By Type
   6.1. Introduction
   6.2. The market growth has been consistently supported by the innovation in new sources and variants in terms of flavors and nutritional value
   6.3. Almond Milk
   6.4. Soy Milk
   6.5. Coconut Milk
   6.6. Cashewnut Milk
   6.7. Oat Milk
   6.8. Rice Milk
   6.9. Hemp Milk
   6.10. Others
7. Global Dairy Alternative (Beverage) Market – By Formulation
   7.1. Introduction
   7.2. Plain Formulation
   7.3. Flavored Formulation
8. Global Dairy Alternative (Beverage) Market – By Channel
   8.1. Introduction
   8.2. Super Markets
   8.4. Health Food Stores
   8.5. Convenience Sores
   8.6. Pharmacies
9. Global Dairy Alternative (Beverage) Market – By Shelf Life
   9.1. Refrigerated
   9.2. Shelf Life Stable
10. Global Dairy Alternative (Beverage) Market – By Geography
   10.1. Introduction
   10.2. North America
      10.2.1. U.S.
      10.2.2. Canada
      10.2.3. Mexico
   10.3. Europe
      10.3.1. Germany
      10.3.2. U.K.
      10.3.3. Spain
      10.3.4. France
      10.3.5. Netherlands
      10.3.6. Others
   10.4. APAC
      10.4.1. China
      10.4.2. India
      10.4.2. Japan
      10.4.3. Australia and New Zealand
      10.4.5. Others
   10.5. RoW
      10.5.1. Latin America
      10.5.2. Middle East & Africa
11. Market Entropy
   11.1. New Product Launches
   11.2. M&As, Collaborations, Partnerships & JVs
12. Company Profiles
   12.1. Blue Diamond Growers Inc.(U.S.)
   12.2. Earth's Own Food Company Inc. (Canada)
   12.3. Eden Foods Inc. (U.S.)
   12.4. Freedom Foods Group Ltd. (Australia)
   12.5. Grupo Leche Pascual, SA (Spain)
   12.6. Hain Celestial Group, Inc. (U.S.)
   12.7. Living Harvest Foods Inc. (U.S.)
   12.8. Nutriops S.L. (Spain)
   12.9. Oatly AB (Sweden)
   12.10. Organic Valley Family of Farms (U.S.)
   12.11. Pacific Foods of Oregon, Inc. (U.S.)
   12.12. Panos Brands LLC (U.S.)
   12.13. Pure Harvest (Australia)
   12.14. Sanitarium and Health Well Being Company (Australia)
   12.15. Stremicks Heritage Foods LLC (U.S.)
   12.16. SunOpta Inc. (Canada)
   12.17. The Bridge S.R.L. (Italy)
   12.18. Turtle Mountain LLC (U.S.)
   12.19. Vitasoy International Holdings Limited (Hong Kong)
   12.20. White Wave Foods Company (U.S.)
*More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
13. Appendix

   13.1. Abbreviations
   13.2. Sources
   13.3. Research Methodology
   13.4. Bibliography
   13.5. Compilation of Expert Insights
   13.6. Disclaimer
List of Tables:

Table 1. FINANCIAL ANALYSIS OF KEY PLAYERS – 2014
Table 2. Global Dairy Alternatives Market Revenue, By Type, 2014-2021 ($Million)
Table 3. Almond Milk: Dairy Alternatives Market Revenue, By Region, 2014-2021 ($Million)
Table 4. Global Dairy Alternatives Market Value, By Formulation, 2014-2021 ($Million)
Table 5. Global Dairy Alternative Market Revenue, By Plain Formulation, 2014 & 2021 ($Million)
Table 6. Global Dairy Alternatives Market Value, By Channel, 2014-2021 ($Million)
Table 7. Asia-Pacific: Dairy Alternatives Market Revenue, By Type, 2014-2021 ($Million)
Table 8. U.S.: Dairy Alternatives Market Revenue, By Type, 2014-2021 ($Million)
Table 9. Company Financials, 2011 – 2015 ($Million)


List of Figures:

Figure 1. Global Dairy Alternatives Market Value, 2014-2021 ($Million)
Figure 2. Global Dairy Alternatives Market Value, By Type , 2015 (%)
Figure 3. Global Dairy Alternative Market Share, By Geography, 2015 (%)
Figure 4. Global Dairy Alternative Market Share, By Formulation, 2015 (%)
Figure 5. Global Dairy Alternatives Market Value, By Channel , 2015 & 2021 ($Million)
Figure 6. Dairy Alternatives Market Share, By Company, 2015 (%)
Figure 7. Industry Pricing Analysis (Average Selling Price per litre in $)
Figure 8. Vegan Population, By Country, 2014 (‘000s)
Figure 9. Soybean Production Volume, By Country, 2014 (%)
Figure 10. Soy Milk Market Revenue, By Region, 2015 & 2021 ($Million)
Figure 11. Global Gluten Free Foods Market, 2012-2019 ($Billion)
Figure 12. Global Dairy Alternatives Market, By Type, 2014 & 2021 ($Million)
Figure 13. Global Dairy Alternative Market Share, By Formulation, 2015 (%)
Figure 14. Global Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 15. Global Dairy Alternative Market Share, By Plain Formulation, 2015 (%)
Figure 16. Global Dairy Alternative Market Share, By Flavored Formulation, 2015 (%)
Figure 17. Global Dairy Alternative Market Revenue, By Flavored Formulation, 2014 & 2021 ($Million)
Figure 18. Global Dairy Alternative Market, By Channel, 2015 (%)
Figure 19. Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 20. Supermarket: Dairy Alternative Market Share, 2015 (%)
Figure 21. Supermarket: Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 22. Health Food Stores: Dairy Alternative Market Share, 2015 (%)
Figure 23. Health Food Stores: Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 24. Convenience Stores: Dairy Alternative Market Share, 2015 (%)
Figure 25. Convenience Stores: Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 26. Pharmacies: Dairy Alternative Market Share, 2015 (%)
Figure 27. Pharmacies: Dairy Alternative Market Revenue, 2014-2021 ($Million)
Figure 28. Global Dairy Alternatives Market, By Region, 2015 & 2021 ($Million)
Figure 29. North America Dairy Alternatives Market, By Type, 2015 ($Million)
Figure 30. U.K.: Food Retailing Market Share, By Company, 2014 (%) 
Figure 31. U.K Dairy Alternatives Market Revenue, 2014- 2021 ($Million)  
Figure 32. Netherlands & Rest of Europe Dairy Alternatives Market Revenue, 2015 & 2021 ($Million)
Figure 33. China: Retail Consumer Expenditure, By Product, 2014 (%)
Figure 34. China Dairy Alternatives Market, By Type, 2015 (%)
Figure 35. Japan Dairy Alternatives Market Revenue, Major Types, 2015 & 2021 ($Million)
Figure 36. Japan Dairy Alternatives Market Revenue, 2014-2021 ($Million)
Figure 37. RoW Dairy Alternatives Market Revenue, By Region, 2015 (%)
Figure 38. Revenue Share, By Geography, 2014 (%)
Figure 39. Company Revenue, 2011 – 2015 ($Million)
Figure 40. Revenue Share, By Geography, 2014 (%)
Figure 41. Company Revenue, 2011 – 2015* ($Million)
Figure 42. Blue Diamond Growers: Total Revenue, 2012-2015 ($Million)
Figure 43. Total Revenue, 2012-2014 ($Million)
Figure 44. Revenue: Plants Based Food And Beverage Segment, 2012-2014
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