Dairy Alternatives Market Share

  • Report ID: 6165
  • Published Date: Aug 16, 2024
  • Report Format: PDF, PPT

Dairy Alternatives Market Share

APAC Market Statistics

Dairy alternatives market in the Asia Pacific is anticipated to hold the largest share of 46.2% by the end of 2036. 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 Analysis

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.

Research Nester
Dairy Alternatives Market Regional
Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 6165
  • Published Date: Aug 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of dairy alternatives was over USD 29 billion.

The market size for dairy alternatives is projected to cross USD 122.1 billion by the end of 2036 expanding at a CAGR of 13% during the forecast period i.e., between 2024-2036.

The major players in the market are Blue Diamond Growers, Organic Valley Family of Farms, ADM, The Whitewave Foods Company, The Hain Celestial Group, Inc., Daiya Foods Inc., Eden Foods, Inc., Nutriops, S.L., Earth’s Own Food Company, SunOpta Inc., Freedom Foods Group Ltd., and others.

In terms of product, the milk segment is anticipated to account for the largest market share of 69.1% during 2024-2036.

The Asia Pacific dairy alternatives sector is poised to hold the highest share of 46.2% by 2036.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample