Dairy Alternatives Market Growth, Size, Trends ,Analysis, Competitive Strategies 2034
Global Dairy Alternatives Market Growth, Size, Trends Analysis - By Source, By Product, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: FMCG25166 | Pages: 1 - 244 | Formats*: |
| Category : Consumer & Retail | |||
Dairy Alternatives Market Introduction and Overview
According to SPER Market Research, the Global Dairy Alternatives Market is estimated to reach USD 111.83 billion by 2034 with a CAGR of 12.93%.
The report includes an in-depth analysis of the Global Dairy Alternatives Market, including market size and trends, product mix, Applications, and supplier analysis. The global market for dairy alternatives was assessed at USD 33.15 billion in 2024, with a projected compound annual growth rate (CAGR) of 12.93% from 2025 to 2034. This growth is primarily driven by the increasing incidence of milk allergies among consumers. Additionally, shifts in dietary preferences and the growing trend of veganism are anticipated to further propel market growth throughout the forecast period.
By Source Insights
Soy sources for dairy alternatives made the most revenue in 2024, primarily due to soymilk's popularity in global diets, especially in East Asia. The nutritional benefits of soy, like its high protein content and lower water usage compared to other options, are driving growth in this segment. Increasing awareness of lactose intolerance and milk allergies is also enhancing the demand for soymilk, which is associated with various health benefits like lowering cholesterol, cancer risk, and post-menopausal issues. The almond segment is expected to grow rapidly from 2025 to 2034, powered by its high Vitamin B content, which aids metabolism and fat burning. Almonds are a good source of beneficial nutrients such as protein, vitamin E, calcium, and essential minerals that help in controlling blood pressure and improving health.
By Product Insights
Milk was the largest revenue generator in 2024 within dairy alternatives, factors like the growing elderly population in regions like North America and Europe have led to a preference for milk-based options. However, health concerns regarding soymilk for breast cancer survivors may limit growth. Nevertheless, the demand for low-calorie foods and plant-based nutrition is projected to boost milk-based dairy alternatives’ popularity in the future.The non-dairy ice cream market is expected to grow quickly from 2025 to 2034, driven by the demand for dairy-free desserts made from soy, rice, almond, and coconut. As consumers increasingly opt for low-calorie desserts, the market for plant-based ice cream is set to rise.
By Distribution Channel Insights
Sales of dairy alternatives through supermarkets and hypermarkets accounted for the largest share in 2024, bolstered by retailer investments and rising consumer purchasing power in developing nations. The online sales segment is predicted to expand at the fastest rate from 2025 to 2034, supported by more internet users, convenient shopping options, and the ability to compare prices and products easily. Promotional strategies and improved payment options will also aid this growth.
Regional Insights
The growing consumer desire for plant-based products with high nutritional value is driving the dairy alternatives market in North America. The increasing occurrence of milk intolerance in this region is likely to elevate the demand for non-dairy options such as soymilk and almond milk. It is expected that North America will maintain a substantial market share during the forecast period, attributed to the growing appeal of innovative plant-based products. Consumers in this area are progressively opting for non-dairy alternatives over traditional cow's milk, as these options provide enhanced nutritional benefits and reduced calorie content.
Market Competitive Landscape
The global dairy alternatives market is characterized by moderate consolidation, featuring a notable presence of leading companies in the sector. These major players are actively pursuing acquisitions and mergers to solidify their market position and ensure future growth, particularly in light of the declining popularity of dairy products. The French multinational food company Danone S.A., for instance, has expanded its line of vegan products by acquiring a number of well-known plant-based brands, such as Silk, Vega, and Alpro. The competitive dynamics of the market are expected to intensify in the coming years, especially if these globally recognized companies develop and provide alternatives that are not only nutritionally sufficient and environmentally sustainable but also cost-effective and widely accepted.
Recent Developments:
In February 2024, California Farms, an American company that specialises in plant-based milk, unveiled a creamy plant-based milk made from a blend of fava, chickpea, and pea protein. This milk contains nine important elements and critical amino acids.
February 2023 – Kagome USA, a prominent global producer of sauces, unveiled sweet and savory vegan butter blends in the U.S. market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Source, By Product, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Chobani, LLC, Danone S.A, Hain Celestial, Daiya Foods, Eden Foods, NUTRIOPS, SL, Earth’s Own, SunOpta, Melt Organic, Oatly AB, Blue Diamond Growers, Ripple Foods. |
Key Topics Covered in the Report
- Global Dairy Alternatives Market Size (FY’2021-FY’2034)
- Overview of Global Dairy Alternatives Market
- Segmentation of Global Dairy Alternatives Market By Source (Soy, Almond, Coconut, Rice, Oats, Others)
- Segmentation of Global Dairy Alternatives Market By Product (Milk, Yogurt, Cheese, Ice Cream, Creamer, Others)
- Segmentation of Global Dairy Alternatives Market By Distribution Channel (Supermarket & Hypermarkets, Convenience Stores, Online retail, Others)
- Statistical Snap of Global Dairy Alternatives Market
- Expansion Analysis of Global Dairy Alternatives Market
- Problems and Obstacles in Global Dairy Alternatives Market
- Competitive Landscape in the Global Dairy Alternatives Market
- Details on Current Investment in Global Dairy Alternatives Market
- Competitive Analysis of Global Dairy Alternatives Market
- Prominent Players in the Global Dairy Alternatives Market
- SWOT Analysis of Global Dairy Alternatives Market
- Global Dairy Alternatives Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTERs Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Dairy Alternatives Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Dairy Alternatives Market
7.Global Dairy Alternatives Market, By Source (USD Million) 2021-2034
7.1.Soy7.2.Almond7.3.Coconut7.4.Rice7.5.Oats7.6.Others
8.Global Dairy Alternatives Market, By Product (USD Million) 2021-2034
8.1.Milk8.2.Yogurt8.3.Cheese8.4.Ice Cream8.5.Creamer8.6.Others
9.Global Dairy Alternatives Market, By Distribution Channel (USD Million) 2021-2034
9.1.Supermarket & Hypermarkets9.2.Convenience Stores9.3.Online retail9.4.Others
10.Global Dairy Alternatives Market, (USD Million) 2021-2034
10.1.Global Dairy Alternatives Market Size and Market Share
11.Global Dairy Alternatives Market, By Region, (USD Million) 2021-2034
11.1.Asia-Pacific11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific11.2.Europe11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe11.3.Middle East and Africa11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa11.4.North America11.4.1.Canada11.4.2.Mexico11.4.3.United States11.5.Latin America11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.Chobani, LLC12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments12.2.Danone S.A12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments12.3.Hain Celestial12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments12.4.Daiya Foods12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments12.5.Eden Foods12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments12.6.NUTRIOPS, SL12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments12.7.Earth’s Own12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments12.8.SunOpta12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments12.9.Melt Organic12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments12.10.Oatly AB12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments12.11.Blue Diamond Growers12.11.1.Company details12.11.2.Financial outlook12.11.3.Product summary12.11.4.Recent developments12.12.Ripple Foods12.12.1.Company details12.12.2.Financial outlook12.12.3.Product summary12.12.4.Recent developments12.13.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Dairy Alternatives Marketis projected to reach USD 111.83 by 2034, growing at a CAGR of 12.93% during the forecast period.
Dairy Alternatives Marketsize from 2025. The Market is expected to reach USD 111.83 by 2034, at a CAGR of 12.93% during the forecast period.
Dairy Alternatives MarketCAGR of 12.93% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Dairy Alternatives Marketsize is USD 111.83 from 2025 to 2034.
Dairy Alternatives Market covered By Source, By Product, By Distribution Channel
The North America is anticipated to have the highest Market share in the Dairy Alternatives Market .
Chobani, LLC, Danone S.A, Hain Celestial, Daiya Foods, Eden Foods, NUTRIOPS, SL, Earth’s Own, SunOpta, Melt Organic, Oatly AB, Blue Diamond Growers, Ripple Foods.
The report includes an in-depth analysis of the Global Dairy Alternatives Market, including market size and trends, product mix, Applications, and supplier analysisThe report includes an in-depth analysis of the Global Dairy Alternatives Market , including market size and trends, product mix, Applications, and supplier analysis.
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