Dairy Alternatives Market Growth Opportunities and Forecast by 2028
- Status : Published
- Report Code : TIPAR00004533
- Category : Food and Beverages
- No. of Pages : 196
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on the distribution channel, online retail segment is projected to grow at the fastest CAGR over the forecast period. Online retail is one of the fastest-growing distribution channels owing to its convenience in terms of shopping and product delivery. Online retail stores offer a wide variety of products with heavy discounts; also, consumers can conveniently buy desirable products remotely. Home delivery service attracts a large group of customers to shop through an e-commerce platform. E-commerce websites offer detailed product information, along with user reviews, which help buyers compare products and make informed decisions. During the COVID-19 pandemic, online retail channels gained further popularity as they offered home delivery services.
Asia Pacific accounted for the largest share of the global dairy alternatives market. The dairy alternatives market in Asia Pacific is significantly growing due to changing lifestyles of consumers and an increase in consumption of clean label products. The dairy alternatives market in the region is undergoing a remarkable transformation due to increased urbanization, diet diversification, and the legalization of foreign direct investment in the food sector. Hence, manufacturers are adopting strategies for the development and expansion of their businesses. Further, a surge in health-conscious consumers in emerging countries and the rising trend of consuming plant-based products are a few factors that contribute to the demand for dairy alternatives in the Asia Pacific region.
Based on product type, milk segments have the largest revenue share. Plant-based milk from sources such as soy, almonds, coconuts, and oats are the best alternative for dairy milk and other animal-based milk present in the market. Due to its high nutritional values and increasing plant-based diet trend the population prefers milk alternatives the most. Increasing lactose intolerance among the population is one of the major factors to propel the market growth of plant-based milk. Further, the varieties include Barista Style Organic Oat, Barista Style Organic Coconut, Organic Soya, and Organic Rice. Such strategic developments by manufacturers further drive the milk segment’s growth in the forecast period.
The major players operating in the global dairy alternatives market are SunOpta; Blue Diamond Growers; Nestle SA; Danone S.A.; Oatly Inc.; Califia Farms, LLC; Valsoia S.p.A.; Lactasoy co. th; Sanitarium; and Valio Ltd.
Dairy alternatives has a lucrative opportunity in the product innovation. Dairy alternatives manufacturers are making a significant investment in product innovation to appeal to a large group of consumers. Product innovation strategy offers a competitive edge to the players operating in the market, boosting their profitability. The manufacturers of dairy alternatives offer certified organic, non-GMO, gluten-free, clean-label, and allergen-free products to cater to the emerging customer requirements. Moreover, as consumers have become health-conscious, they prefer low-calorie and low-fat products. Therefore, manufacturers of plant-based dairy offer unsweetened and low-sugar products. Hence, product developments are further expected to provide potential growth opportunities to the manufacturers of dairy alternatives in the coming years.
The rising veganism is driving the dairy alternatives market. The vegan population has grown significantly over the past few years. People are increasingly switching to a vegan diet due to increased health and sustainability concerns. The livestock industry is one of the significant contributors to the total anthropogenic greenhouse gas emissions. health-conscious consumers rapidly substitute conventional, animal-based products with plant-based food. This factor is significantly boosting the dairy alternatives market. Also, there’s an increase prevalence of lactose intolerance. The prevalence of lactose intolerance or lactose malabsorption is high across Asia Pacific and Africa due to a lack of genetic mutation for digesting lactose. Thus, the increasing prevalence of lactose intolerance and milk allergies among consumers is driving the dairy alternatives market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Dairy Alternatives Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Value Chain Analysis: Soymilk
4.4.1.1 Raw Material
4.4.1.2 Manufacturing/Processing
4.4.1.3 Packaging
4.4.2 Value Chain Analysis: Soymilk Yogurt
4.4.2.1 Raw Material
4.4.2.2 Manufacturing/Processing
4.4.2.3 Packaging
5. Dairy Alternatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Trend of Veganism
5.1.2 Increasing Prevalence of Lactose Intolerance
5.2 Market Restraints
5.2.1 High Product Price
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Surging Demand for Functional Dairy Alternatives
5.5 Impact Analysis of Drivers and Restraints
6. Dairy Alternatives – Global Market Analysis
6.1 Dairy Alternatives Market Overview
6.2 Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Dairy Alternatives Market Analysis – By Source
7.1 Overview
7.2 Dairy Alternatives Market, By Source (2021 and 2028)
7.3 Soy
7.3.1 Overview
7.3.2 Soy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Almond
7.4.1 Overview
7.4.2 Almond: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Coconut
7.5.1 Overview
7.5.2 Coconut: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Oats
7.6.1 Overview
7.6.2 Oats: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
8. Dairy Alternatives Market Analysis – By Product Type
8.1 Overview
8.2 Dairy Alternatives Market, By Product Type (2021 and 2028)
8.3 Milk
8.3.1 Overview
8.3.2 Milk: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Ice Cream
8.4.1 Overview
8.4.2 Ice Cream: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Yogurt
8.5.1 Overview
8.5.2 Yogurt: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Cheese
8.6.1 Overview
8.6.2 Cheese: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9. Dairy Alternatives Market Analysis – By Distribution Channel
9.1 Overview
9.2 Dairy Alternatives Market, By Distribution Channel (2021 and 2028)
9.3 Supermarkets & Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
10. Dairy Alternatives Market – Geographic Analysis
10.1 Overview
10.2 North America: Dairy Alternatives Market
10.2.1 North America: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Dairy Alternatives Market, By Product Type
10.2.3 North America: Dairy Alternatives Market, by Source
10.2.4 North America: Dairy Alternatives Market, by Distribution Channel
10.2.5 North America: Dairy Alternatives Market, by Key Country
10.2.5.1 US: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Dairy Alternatives Market, By Product Type
10.2.5.1.2 US: Dairy Alternatives Market, by Source
10.2.5.1.3 US: Dairy Alternatives Market, by Distribution Channel
10.2.5.2 Canada: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Dairy Alternatives Market, By Product Type
10.2.5.2.2 Canada: Dairy Alternatives Market, by Source
10.2.5.2.3 Canada: Dairy Alternatives Market, by Distribution Channel
10.2.5.3 Mexico: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Dairy Alternatives Market, By Product Type
10.2.5.3.2 Mexico: Dairy Alternatives Market, by Source
10.2.5.3.3 Mexico: Dairy Alternatives Market, by Distribution Channel
10.3 Europe: Dairy Alternatives Market
10.3.1 Europe: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Dairy Alternatives Market, By Product Type
10.3.3 Europe: Dairy Alternatives Market, by Source
10.3.4 Europe: Dairy Alternatives Market, by Distribution Channel
10.3.5 Europe: Dairy Alternatives Market, by Key Country
10.3.5.1 Germany: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Dairy Alternatives Market, By Product Type
10.3.5.1.2 Germany: Dairy Alternatives Market, by Source
10.3.5.1.3 Germany: Dairy Alternatives Market, by Distribution Channel
10.3.5.2 France: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Dairy Alternatives Market, By Product Type
10.3.5.2.2 France: Dairy Alternatives Market, by Source
10.3.5.2.3 France: Dairy Alternatives Market, by Distribution Channel
10.3.5.3 UK: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 UK: Dairy Alternatives Market, By Product Type
10.3.5.3.2 UK: Dairy Alternatives Market, by Source
10.3.5.3.3 UK: Dairy Alternatives Market, by Distribution Channel
10.3.5.4 Italy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 Italy: Dairy Alternatives Market, By Product Type
10.3.5.4.2 Italy: Dairy Alternatives Market, by Source
10.3.5.4.3 Italy: Dairy Alternatives Market, by Distribution Channel
10.3.5.5 Russia: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Dairy Alternatives Market, By Product Type
10.3.5.5.2 Russia: Dairy Alternatives Market, by Source
10.3.5.5.3 Russia: Dairy Alternatives Market, by Distribution Channel
10.3.5.6 Rest of Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Dairy Alternatives Market, By Product Type
10.3.5.6.2 Rest of Europe: Dairy Alternatives Market, by Source
10.3.5.6.3 Rest of Europe: Dairy Alternatives Market, by Distribution Channel
10.4 Asia Pacific: Dairy Alternatives Market
10.4.1 Asia Pacific: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.2 Asia Pacific: Dairy Alternatives Market, By Product Type
10.4.3 Asia Pacific: Dairy Alternatives Market, by Source
10.4.4 Asia Pacific: Dairy Alternatives Market, by Distribution Channel
10.4.5 Asia Pacific: Dairy Alternatives Market, by Key Country
10.4.5.1 China: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 China: Dairy Alternatives Market, By Product Type
10.4.5.1.2 China: Dairy Alternatives Market, by Source
10.4.5.1.3 China: Dairy Alternatives Market, by Distribution Channel
10.4.5.2 Japan: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 Japan: Dairy Alternatives Market, By Product Type
10.4.5.2.2 Japan: Dairy Alternatives Market, by Source
10.4.5.2.3 Japan: Dairy Alternatives Market, by Distribution Channel
10.4.5.3 India: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Dairy Alternatives Market, By Product Type
10.4.5.3.2 India: Dairy Alternatives Market, by Source
10.4.5.3.3 India: Dairy Alternatives Market, by Distribution Channel
10.4.5.4 South Korea: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 South Korea: Dairy Alternatives Market, By Product Type
10.4.5.4.2 South Korea: Dairy Alternatives Market, by Source
10.4.5.4.3 South Korea: Dairy Alternatives Market, by Distribution Channel
10.4.5.5 Australia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 Australia: Dairy Alternatives Market, By Product Type
10.4.5.5.2 Australia: Dairy Alternatives Market, by Source
10.4.5.5.3 Australia: Dairy Alternatives Market, by Distribution Channel
10.4.5.6 Rest of Asia Pacific: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia Pacific: Dairy Alternatives Market, By Product Type
10.4.5.6.2 Rest of Asia Pacific: Dairy Alternatives Market, by Source
10.4.5.6.3 Rest of Asia Pacific: Dairy Alternatives Market, by Distribution Channel
10.5 South & Central America: Dairy Alternatives Market
10.5.1 South & Central America: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.5.2 South & Central America: Dairy Alternatives Market, By Product Type
10.5.3 South & Central America: Dairy Alternatives Market, by Source
10.5.4 South & Central America: Dairy Alternatives Market, by Distribution Channel
10.5.5 South & Central America: Dairy Alternatives Market, by Key Country
10.5.5.1 Brazil: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 Brazil: Dairy Alternatives Market, By Product Type
10.5.5.1.2 Brazil: Dairy Alternatives Market, by Source
10.5.5.1.3 Brazil: Dairy Alternatives Market, by Distribution Channel
10.5.5.2 Argentina: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Argentina: Dairy Alternatives Market, By Product Type
10.5.5.2.2 Argentina: Dairy Alternatives Market, by Source
10.5.5.2.3 Argentina: Dairy Alternatives Market, by Distribution Channel
10.5.5.3 Rest of South & Central America: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 Rest of South & Central America: Dairy Alternatives Market, By Product Type
10.5.5.3.2 Rest of South & Central America: Dairy Alternatives Market, by Source
10.5.5.3.3 Rest of South & Central America: Dairy Alternatives Market, by Distribution Channel
10.6 Middle East & Africa: Dairy Alternatives Market
10.6.1 Middle East & Africa: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.2 Middle East & Africa: Dairy Alternatives Market, By Product Type
10.6.3 Middle East & Africa: Dairy Alternatives Market, by Source
10.6.4 Middle East & Africa: Dairy Alternatives Market, by Distribution Channel
10.6.5 Middle East & Africa: Dairy Alternatives Market, by Key Country
10.6.5.1 South Africa: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 South Africa: Dairy Alternatives Market, By Product Type
10.6.5.1.2 South Africa: Dairy Alternatives Market, by Source
10.6.5.1.3 South Africa: Dairy Alternatives Market, by Distribution Channel
10.6.5.2 Saudi Arabia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Saudi Arabia: Dairy Alternatives Market, By Product Type
10.6.5.2.2 Saudi Arabia: Dairy Alternatives Market, by Source
10.6.5.2.3 Saudi Arabia: Dairy Alternatives Market, by Distribution Channel
10.6.5.3 UAE: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 UAE: Dairy Alternatives Market, By Product Type
10.6.5.3.2 UAE: Dairy Alternatives Market, by Source
10.6.5.3.3 UAE: Dairy Alternatives Market, by Distribution Channel
10.6.5.4 Rest of MEA: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.6.5.4.1 Rest of MEA: Dairy Alternatives Market, By Product Type
10.6.5.4.2 Rest of MEA: Dairy Alternatives Market, by Source
10.6.5.4.3 Rest of MEA: Dairy Alternatives Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Dairy Alternatives Market
11.1 Impact of COVID-19 on Dairy Alternatives Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe Impact Assessment of COVID-19 Pandemic
11.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11.6 South & Central America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 SunOpta
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Blue Diamond Growers
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Nestlé SA
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Danone S.A.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Oatly Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Califia Farms, LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Valsoia S.p.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Lactasoy co.th
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Sanitarium
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Valio Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Nutrients in 8 oz of Whole Milk and Soymilk
Table 2. VAT Rates (%) on Dairy Milk and Soymilk in Various European Nations (2019)
Table 3. Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 4. Global Dairy Alternatives Market, by Source– Revenue and Forecast to 2028 (US$ Million)
Table 5. Global Dairy Alternatives Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Global Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 9. North America Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. US Dairy Alternatives Market, Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. US Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 12. US Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 25. France Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. France Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 27. France Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 30. UK Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 31. Italy Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Russia Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 36. Russia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of Europe Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Europe Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Europe Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Asia Pacific Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 42. Asia Pacific Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 43. China Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. China Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 45. China Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 49. India Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. India Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 51. India Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia Dairy Alternatives Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 57. Australia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of Asia Pacific Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 59. Rest of Asia Pacific Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 60. Rest of Asia Pacific Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 61. South & Central America Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 62. South & Central America Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 63. South & Central America Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 64. Brazil Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. Brazil Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 66. Brazil Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 67. Argentina Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Argentina Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 69. Argentina Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of South & Central America Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 71. Rest of South & Central America Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of South & Central America Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 73. Middle East & Africa Dairy Alternatives Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 75. Middle East & Africa Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 78. South Africa Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 81. Saudi Arabia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 84. UAE Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of MEA Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Dairy Alternatives Market Segmentation
Figure 2. Dairy Alternatives Market Segmentation – By Geography
Figure 3. Global Dairy Alternatives Market Overview
Figure 4. Dairy Alternatives Market: By Product Type
Figure 5. Dairy Alternatives Market: By Region
Figure 6. Global Dairy Alternatives Market, Key Market Players
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Value Chain: Soymilk
Figure 10. Value Chain: Soymilk Yogurt
Figure 11. Registrations for Veganuary Campaign from 2016 to 2022
Figure 12. Annual Greenhouse Gas Emissions (GHG) Per Kilogram of Food Product
Figure 13. Global Dairy Alternatives Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Dairy Alternatives Market
Figure 15. Global: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Dairy Alternatives Market Revenue Share, By Source (2021 and 2028)
Figure 17. Soy: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Almond: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Coconut: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Oats: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Others: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 23. Milk: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 24. Ice Cream: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 25. Yogurt: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 26. Cheese: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 27. Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 28. Dairy Alternatives Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 29. Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 30. Convenience Stores: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 31. Online Retail: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 32. Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 33. Global Dairy Alternatives Market Revenue Share, By Region (2021 and 2028)
Figure 34. North America: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. North America: Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 36. North America: Dairy Alternatives Market Revenue Share, by Source (2021 and 2028)
Figure 37. North America: Dairy Alternatives Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 38. North America: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 39. US: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 44. Europe: Dairy Alternatives Market Revenue Share, by Source (2021 and 2028)
Figure 45. Europe: Dairy Alternatives Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 46. Europe: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 47. Germany: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. France: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Russia: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Asia Pacific: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Asia Pacific: Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 55. Asia Pacific: Dairy Alternatives Market Revenue Share, by Source (2021 and 2028)
Figure 56. Asia Pacific: Dairy Alternatives Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 57. Asia Pacific: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 58. China: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. India: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. South Korea: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 62. Australia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of Asia Pacific: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 64. South & Central America: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. South & Central America: Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 66. South & Central America: Dairy Alternatives Market Revenue Share, by Source (2021 and 2028)
Figure 67. South & Central America: Dairy Alternatives Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 68. South & Central America: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 69. Brazil: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. Argentina: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Rest of South & Central America: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. Middle East & Africa: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Middle East & Africa: Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 74. Middle East & Africa: Dairy Alternatives Market Revenue Share, by Source (2021 and 2028)
Figure 75. Middle East & Africa: Dairy Alternatives Market Revenue Share, by Distribution Channel (2021 and 2028)
Figure 76. Middle East & Africa: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 77. South Africa: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 78. Saudi Arabia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 79. UAE: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 80. Rest of MEA: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 81. Impact of COVID-19 Pandemic on North America Dairy Alternatives Market
Figure 82. Impact of COVID-19 Pandemic on Europe Dairy Alternatives Market
Figure 83. Impact of COVID-19 Pandemic on Asia Pacific Dairy Alternatives Market
Figure 84. Impact of COVID-19 Pandemic on the Middle East & Africa Dairy Alternatives Market
Figure 85. Impact of COVID-19 Pandemic on South & Central America Dairy Alternatives Market
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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