1. What is the projected Compound Annual Growth Rate (CAGR) of the Dairy Alternatives Market?
The projected CAGR is approximately 13.81%.
+1 2315155523
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
Dairy Alternatives MarketDairy Alternatives Market by Production Analysis, by Consumption Analysis, by Import Market Analysis (Value & Volume), by Export Market Analysis (Value & Volume), by Price Trend Analysis, by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The Dairy Alternatives Market size was valued at USD 28.55 USD Billion in 2023 and is projected to reach USD 70.61 USD Billion by 2032, exhibiting a CAGR of 13.81 % during the forecast period. The dairy alternatives market has experienced significant growth in recent years, driven by increasing consumer awareness of health, sustainability, and ethical considerations. This market encompasses a range of plant-based products that serve as substitutes for traditional dairy items, including milk, cheese, yogurt, and ice cream. Key ingredients used in these alternatives include soy, almond, oat, coconut, cashew, and rice, each offering distinct flavors, nutritional profiles, and functional properties. One of the primary factors fueling the demand for dairy alternatives is the rise in lactose intolerance, which affects a substantial portion of the global population. Many consumers are turning to plant-based options to avoid discomfort associated with lactose-containing products. Additionally, a growing number of people are adopting vegan or flexitarian diets, further contributing to the popularity of dairy alternatives.
Source:
Product Type:
Our comprehensive report delivers in-depth analysis of the dairy alternatives market, encompassing key insights into market dynamics, growth drivers, emerging trends, significant challenges, the competitive landscape, and a detailed future outlook with robust forecasting. The report provides a granular understanding of the market's evolution and future potential.
The report offers a detailed regional breakdown of the dairy alternatives market, providing granular analysis of market size, growth trajectories, and prevailing trends across key geographical areas, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This regional segmentation allows for a comprehensive understanding of market nuances and regional-specific opportunities.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 13.81% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 13.81%.
Key companies in the market include Danone S.A. (France), Archer-Daniels-Midland Company (U.S.), Blue Diamond Growers (U.S.), SunOpta, Inc. (Canada), Vitasoy International Holdings Ltd (Hong Kong), Daiya Food, Inc. (Canada), Goya Foods, Inc. (U.S.), Living Harvest Foods, Inc. (India), Organic Valley (U.S.), Eden Foods, Inc. (U.S.).
The market segments include Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), Price Trend Analysis.
The market size is estimated to be USD 28.55 USD Billion as of 2022.
Growing Concerns Regarding Processed Dairy Products to Drive the Market Growth.
Emerging Veganism and Growing Inclination of Consumers toward Plant-based Foods to Boost Growth.
Sub-optimal Market Penetration and Low Consumer Awareness to Lower Sales.
February 2024 – Califia Farms, an American plant-based milk company, launched a creamy plant-based milk made from a blend of pea, chickpea, and fava bean protein that consists of nine essential nutrients and essential amino acids.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD Billion and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Dairy Alternatives Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Dairy Alternatives Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.