Dairy Alternative Market
                     Dairy Alternative Market Potential Growth, Size, Share, Demand and Analysis of Key Players
Market Overview
Dairy alternative products are substitutes for cow’s milk, which are processed from cereals, nuts, 
and seeds of certain plants. This food group is a vital part of a healthy and balanced diet as they are 
good sources of calcium, protein, and vitamins, which are necessary for normal bone growth and 
tooth development. The dairy alternatives can be used as milk in cooking and baking. Demand for 
dairy alternatives is driven by the low-fat content and low cholesterol concentration in it. Increase in
obese and vegan population and rising health awareness among public globally are expected to 
propel the market growth.
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Market Dynamics
In Asia Pacific, increase in number of dairy-allergic consumers is expected to boost the revenue of 
the dairy alternatives market. Increasing demand for lactose-free food products and consumer 
preference toward nutritional food are also projected to fuel the market growth. The nutritional 
value of animal milk is same as that of plant-based milk.
In addition to lactose-free, dairy alternatives are also sources of amino acids, fibers, and vitamin B, 
which are essential for human body, hence dairy alternatives market is expected to witness an 
exponential growth over the forecast period.
With dietary diversification and high investments in R&D, the manufacturers are focusing on 
innovations to expand their portfolio and to achieve a competitive edge. In December 2016, Organic
Valley, one of the leading companies of dairy alternatives products made headlines for expanding its
production in Mid-Atlantic. In April 2017, a successful entrepreneur, Adam Lowry teamed up with 
chemical engineers and launched first yellow pea-based milk, Ripple, which claims to have more 
protein as compared to almond milk.
Dairy Alternative Market Taxonomy
On the basis of source, the global market is classified as:
•Almond Milk
•Soy Milk
•Rice Milk
•Oat Milk
•Coconut Milk
•Others
On the basis of formulation type, the global market is classified into:
•Plain Sweetened
•Flavor Sweetened
•Plain Unsweetened
•Flavor Unsweetened
•Others
Some of the key players in the global dairy alternatives market includes The Whitewave Foods 
Company, SunOpta, Hain Celestial, Pascual Group, Elden’s Fresh Foods & Media Solutions Corp., 
Healthy Brands Collective, Earth’s Own Food Company Inc., Blue Diamond Growers, Freedom 
Foods Group, Oatly AB, Stremick’s Heritage Foods, and Vitasoy Holdings Limited.
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