The dairy alternatives market is projected to reach US$ 51,656.58 million by 2028 from US$ 28,181.76 million in 2022; it is expected to grow at a CAGR of 10.6% from 2022 to 2028.
Dairy alternatives or dairy-free products are made from almond milk, soy milk, and coconut milk, among others, free from lactose, unsaturated fat, and low sugar and cholesterol content. Plant-based dairy products have similar texture, creaminess, and consistency to conventional dairy products. Dairy alternatives manufacturers are developing products with high protein and calcium content that meet the daily nutritional requirements of consumers. Ripple Foods, one of the prominent manufacturers of plant-based dairy, recently launched Oatmilk + Protein, which has 6 grams of plant-based protein per serving. It is three times more than most conventional oat milk options, as well as it has 50% less sugar and 50% more calcium than traditional dairy-based milk. Such products are gaining huge traction among potential consumers, driving the growth of the dairy alternatives market
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The Global Dairy Alternatives Market report by Thinking Caps is a 150+ pages report that includes growth opportunities, growth factors, market trends, market size, demand for the Dairy Alternatives Market, innovation of new technology, and strategies of the highly significant players. The report on the Global Dairy Alternatives market gives a factual and extensive assessment of the market traits, section classifications, regional assessment, market dynamics, software classifications, segmentation evaluation, and product specifications, which can help the end-users obtain the strategies of the market players and gain an inside into the market. The report aims to provide cutting-edge market intelligence and strategic insights to help identify potential growth in the Dairy Alternatives market and make necessary investment decisions for newcomers. The study highlights several factors affecting the market’s growth, such as Government Policies, Research & Development activities, Technological Changes, etc., along with key market drivers and opportunities.
Top Key players of Dairy Alternatives Market Covered In The Report:
SunOpta; Blue Diamond Growers; Nestle SA; Danone S.A.; Oatly Inc.; Califia Farms, LLC; Valsoia S.p.A.; Lactasoy co.th.; Sanitarium
Dairy Alternatives Market Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
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Top Companies in the Dairy Alternatives Market:
- SunOpta
- Blue Diamond Growers
- Nestle SA
- Danone S.A.
- Oatly Inc.
- Califia Frams, LLC
- Valsoia S.p.A.
- Lactasoy co. th
- Sanitarium
- Valio Ltd.
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