Dairy Alternatives Market Regional Analysis:
APAC Market Insights
Dairy alternatives market in the Asia Pacific industry is likely to dominate majority revenue share of 46% by 2035. The market growth in the region is expected on account of rising disposable income. Moreover, factors including lactose intolerance, health trends, environmental concerns, cultural shifts are contributing to the market growth.
In China e-commerce platforms such as Tmall, and JD.com provide extensive reach to both urban and rural areas. This accessibility ensures that dairy alternatives are available to a broader audience, including consumers in areas where physical stores may have limited offerings.
India has a large vegetarian population, and there is a growing interest in vegan diets. As of 2022, over 24% of the Indian population is strictly vegetarian with 9% vegan. This cultural trend supports the demand for plant-based milk and dairy alternatives.
In South Korea there is a growing trend towards plant-based diets and veganism. This shift is supported by the rise of veganism and increased awareness of animal welfare and environmental issues.
North American Market Insights
The North America will encounter huge growth for the dairy alternatives market during the forecast period and will hold the second position owing to the increasing health awareness. Plant-based meat consumption is increasing in the region, as are acceptance rates of dairy substitutes, as health-conscious customers actively seek alternatives to meat, gluten, and dairy.
In the U.S. almond, oat, and soy milk are leading the market, with innovation and e-commerce playing significant roles in driving growth.
In Canada awareness about animal welfare and sustainable farming practices is driving the shift towards plant-based products. Many consumers choose dairy alternatives as part of a broader ethical and environmentally friendly lifestyle.
