Global Dairy Alternative Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

Global Dairy Alternative Market

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Dairy alternative are products that provide similar characteristics that of dairy products without its side effects on the population group which cannot consume dairy products such as lactose-intolerant. These products are sourced from various nuts and other natural sources such as almond, cashew, coconut, oat, rice and various other sources. These products offer certain advantages such as being gluten-free, GMO-free and cholesterol free.

Segmentation: Global Dairy Alternative Market

Global Dairy Alternative Market is segmented on the basis of:

  • Product Type – Almond Milk, Soy Milk, Coconut Milk, Rice Milk, Oat Milk, Cashew Milk, Others
  • Type – Organic, Inorganic
  • Formulation – Plain & Sweetened, Plain & Unsweetened, Flavored & Sweetened, Flavored & Unsweetened, Others
  • Application – Food, Beverages
  • Nutritive Component – Protein, Starch, Vitamins, Others
  • Distribution Channel – Supermarkets/Hypermarkets, Specialized Store, Online, Others
  • Geography – North America, South America, Europe, Asia-Pacific, Middle East and Africa

Key Market Competitors: Global Dairy Alternative Market

Few of the major competitors currently working in the global dairy alternative market are: The Whitewave Foods Company, Kite Hill, Oalty, Blue Diamond Growers, Earth’s Own Food Company Inc., Sunopta, Pureharvest, Pacific Foods Of Oregon, Inc., Sanitarium, Hain Celestial and others.

Recent Developments

  • In September 2018, Wessanen announced that they had acquired Abbot Kinney’s. This acquisition is a strategic step as the need for dairy alternative products is on the rise globally. This acquisition is a complement of the existing product portfolio available with Wessanen. With significant innovations and modernizations they will hope to make dairy alternative a mainstream offering.
  • In July 2018, Dean Foods announced that they had acquired Good Karma Foods, a plant-based products organization that markets dairy-free food products. This acquisition will help them in providing a respectable brand in the market for plant-based food & beverage products expanding their offerings in the market, making the dairy alternative products more available to their consumers across the U.S. region.

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