North America Dairy Alternatives Market Outlook and Forecast to 2030 - Driven by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives
Region:North America
Author(s):Shweta Singh
Product Code:KRBR02
June 2022
124
About the Report
The report titled “North America Dairy Alternatives Market Outlook and Forecast to 2027 - Driven by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives: Ken Research” provides acomprehensive analysis of the North America Dairy Alternatives Market. The report provides industry size basis revenue and value chain analysis, market segmentations based on Source, Application, Formulation, End user industries, competition benchmarking, COVID impact, future projections and trends, drivers & challenges. It also provides the market by Revenue of the major countries in the North America region and also provides the country level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.
North America Dairy Alternatives Market Outlook, Drivers and Challenges
The Dairy Alternatives market in North America is expected to witness strong growth over the next five years, primarily driven by the rising consumers’ environmental concerns which are positively influencing an increase in the adoption of dairy alternatives in North America. They typically use less land, water to produce vegan milks, and emit lower carbon emissions which helps in mitigating the effects of global warming and improve the air quality. As per available data, livestock accounts for nearly 15% of global greenhouse gas emissions, with the dairy industry holding the largest share.
The increasing popularity of lactose-free products, including milk among individuals is anticipated to boost the dairy alternatives market growth in the forthcoming years. In addition, the rising health awareness among consumers, notably those who are unable to digest lactose, has resulted in an increase in the consumption of lactose-free products as they typically help in the absorption of calcium which benefits in building and repairing muscle tissue/cells. For instance, in the U.S as per available data, volume of value-added milks, including lactose-free, non-dairy milk, and organic milk increased ~15% in 2021 compared to the prior year, while traditional milk volumes declined by ~7%.
The lack of consumer awareness regarding dairy-free products is one of the major challenges to the growth of the dairy alternatives market. The lack of nutritional awareness is likely to be a concern for those who eat a healthy balanced diet and do not depend solely on milk as an important protein source. The continued purchase of dairy products by consumers indicates that the portfolio of dairy alternatives has yet to capture the potential customer base.
- North America Dairy Alternatives Market By Source
- Soy
- Almond
- Oats
- Coconut
- North America Dairy Alternatives Market By Application
- Milk
- Cheese
- Yoghurt
- Ice Creams
- North America Dairy Alternatives Market By Formulation
- Plain
- Flavored
- North America Dairy Alternatives Market By Type of End User Industry
- Food & Beverages
- Nutraceuticals, Health and Wellness
- FMCG
- North America Dairy Alternatives Market By Geography and Major Countries
- U.S.
- Canada
- Mexico
- Non-Dairy Products Manufacturers
- Vegan Dairy Products Manufacturers
- Lactose-Free Products Manufacturers
- Raw Material Suppliers for Non-Dairy Products
- Potential Investors in Plant-Based/Vegan Food and Beverages
- Plant-based Food & Beverages Distributors
- Dairy Alternatives Advocacy Groups
- Historical Period: 2017-2021
- Forecast Period: 2022-2027F
- Key Competitors in North America Dairy Alternatives Market
- Danone
- SunOpta Inc.
- Blue Diamond
- Daiya Foods Inc.
- Oatly Inc.
- Sahmyook Food
- Earth's Own Food Company Inc.
- Pacific Foods of Oregon, LLC.
- Eden Foods Inc.
- Kite Hill
- Emerging Dairy Alternatives Companies in North America
- Miyoko’s Creamery
- Betterland Foods
- New Culture
- Nuts for Cheese
- Bettermoo(d)
- BetterMilk Inc.
- Heartbest
- Sigma Alimentos
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Snapshot of North America Dairy Alternatives Industry
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Industry Value Chain and Ecosystem Analysis
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Market size and Segmentation of North America Dairy Alternatives Market
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Historic Growth of Overall North America Dairy Alternatives Market and Segments
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Competition Scenario of the Market and Key Developments of Competitors
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Porter’s 5 Forces Analysis of North America Dairy Alternatives Industry
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Overview, Product Offerings and SWOT Analysis of All the Key Competitors
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Covid 19 Impact on the Overall North America Dairy Alternatives Market
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Future Market Forecast and Growth Rates of the Total North America Dairy Alternatives Market and by Segments
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Market Size of End User Industries with Historical CAGR and Future Forecasts
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Analysis of North America Dairy Alternatives Market in Major North American Countries
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PESTLE Analysis and Major Production / Consumption Hubs in the Major Countries
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Major Production/Supply and Consumption/Demand Hubs in Each Major Country
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Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
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Overview of Notable Emerging North America Dairy Alternatives Companies within Each Major Country
Frequently Asked Questions:-
- What is the Study Period of this Market Report?
The North America Dairy Alternatives Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.
- What is the Future Growth Rate of North America Dairy Alternatives Market?
The North America Dairy Alternatives Market is expected to witness a CAGR of above 8% over the next 5 years.
- What are the Key Factors Driving the North America Dairy Alternatives Market?
Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives are expected to be the primary driver of this market.
- Which is the Fastest Growing Application Segment within the North America Dairy Alternatives Market?
Cheese is the fastest growing application segment within the North America Dairy Alternatives Market.
- Who are the Key Players in North America Dairy Alternatives Market?
Danone, SunOpta Inc., Blue Diamond, Daiya Foods Inc., Oatly Inc., Sahmyook Food, Earth's Own Food Company Inc., Pacific Foods of Oregon, LLC., Eden Foods Inc., and Kite Hill are the major companies operating in North America Dairy Alternatives Market.
Products
- North America Dairy Alternatives Market By Source
Soy
Almond
Oats
Coconut
- North America Dairy Alternatives Market By Application
Milk
Cheese
Yoghurt
Ice Creams
- North America Dairy Alternatives Market By Formulation
Plain
Flavored
- North America Dairy Alternatives Market By Type of End User Industry
Food & Beverages
Nutraceuticals, Health and Wellness
FMCG
- North America Dairy Alternatives Market By Geography and Major Countries
U.S.
Canada
Mexico
Non-Dairy Products Manufacturers
Vegan Dairy Products Manufacturers
Lactose-Free Products Manufacturers
Raw Material Suppliers for Non-Dairy Products
Potential Investors in Plant-Based/Vegan Food and Beverages
Plant-based Food & Beverages Distributors
Dairy Alternatives Advocacy Groups
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Companies
- Key Competitors in North America Dairy Alternatives Market
Danone
SunOpta Inc.
Blue Diamond
Daiya Foods Inc.
Oatly Inc.
Sahmyook Food
Earth's Own Food Company Inc.
Pacific Foods of Oregon, LLC.
Eden Foods Inc.
Kite Hill
- Emerging Dairy Alternatives Companies in North America
Miyoko’s Creamery
Betterland Foods
New Culture
Nuts for Cheese
Bettermoo(d)
BetterMilk Inc.
Heartbest
Sigma Alimentos
Table of Contents
- 1. Executive Summary
Highlights of Total North America Dairy Alternatives Market Historic Growth & Forecast
Highlights of Market Trends, Challenges and Competition
Highlights of Market Revenue Share by Segments
- 2. Market Overview and Key Trends Impacting Growth
Market Definition and Key Terms & Abbreviations
North America Dairy Alternatives Market Scope & Segmentation
Industry Value Chain
Ecosystem of Major Entities in North America Dairy Alternatives Market
Government Regulations & Developments
Key Growth Drivers & Challenges Impacting the Market
Covid-19 Impact on North America Dairy Alternatives Market
Total North America Dairy Alternatives Market Historic Growth by Segment Type, 2017-2021
* By Source
* By Application
* By Formulation
* By End User Industry
* By Major Country
Key Takeaways
- 3. Total North America - Market Segmentation by Source, Historic Growth, Outlook & Forecasts
Market Definition - Segmentation by Source Type
Market Revenue Share, Historic Growth, Outlook and Forecasts by Source Type, 2017-2027
- Soy
- Almond
- Oat
- Coconut
- Others (Rice, Hemp, Flax, Pea, Cashew)
Key Developments in Product/Solution Segments Impacting Market Future Growth
Key Takeaways from Market Segmentation by Source Type
- 4. Total North America - Market Segmentation by Application, Historic Growth, Outlook & Forecasts
Market Definition - Segmentation by Application Type
Market Revenue Share, Historic Growth, Outlook and Forecasts by Application Type, 2017-2027
- Milk
- Cheese
- Yoghurt
- Ice Creams
- Others (Tofu, Hemp, Creamer, and Tempeh)
Key Takeaways from Market Segmentation by Application Type
- 5. Total North America - Market Segmentation by Formulation Type, Historic Growth, Outlook & Forecasts
Market Definition - Segmentation by Formulation Type
Market Revenue Share, Historic Growth, Outlook and Forecasts by Formulation Type, 2017-2027
- Plain
- Flavored
Key Takeaways from Market Segmentation by Formulation Type
- 6. Total North America Market Segmentation by End User Segment/Industry, Growth, Outlook & Forecasts
Market Definition - Segmentation by End User Industry
Benefits of Dairy Alternative Adoption in End User Industries
Key Developments in the North America Dairy Alternatives End User Industries Impacting Market Future Growth
Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027
- Food & beverages
- Nutraceuticals and Health & Wellness
- FMCG
Key Takeaways from Market Segmentation by End User Industry
- 7. Industry / Competition Analysis - Competitive Landscape
Types of Players (Competitors) & Business Models
Porter’s 5 Forces Analysis of North America Dairy Alternatives Competitors
Key Developments in the North America Dairy Alternatives Competitors Impacting Market Growth
Comparison of Leading Competitors within North America Dairy Alternatives Market
Key Takeaways from Competitive Landscape
- 8. Key Competitor Profiles
Company Overview, Product Offerings and Key Developments, SWOT Analysis
- Danone
- SunOpta
- Daiya Foods, Inc.
- Oatly
- Blue Diamond Growers
- Sahmyook Foods
- Earth’s Own Food Company
- Pacific Foods of Oregon, LLC.
- Eden Foods
- Kite Hills
- 9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts
Total North America - Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2027
Major Countries Market Analysis, Historic Growth, Outlook & Forecasts
- U.S. – Dairy Alternatives Market Analysis
- PESTLE Analysis of U.S.
- Major Production and Consumption Hubs in U.S.
- Major Emerging Dairy Alternatives Companies in U.S.
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Source Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Application Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Formulation Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027
- Canada - Dairy Alternatives Market Analysis
- PESTLE Analysis of Canada
- Major Production and Consumption Hubs in Canada
- Major Emerging Dairy Alternatives Companies in Canada
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Source Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Application Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Formulation Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027
- Mexico - Dairy Alternatives Market Analysis
- PESTLE Analysis of Mexico
- Major Production and Consumption Hubs in Mexico
- Major Emerging Dairy Alternatives Companies in Mexico
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Source Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by Formulation Type, 2017-2027
- Market Revenue Share, Historic Growth, Outlook and Forecasts by End User Industry, 2017-2027
Key Takeaways from Geographic Analysis and Major Country Market Forecasts
- 10. Industry Experts Opinions/Perspectives
Notable Statements/Quotes from Industry Experts and C-Level Executives on current and future state of the industry
- 11. Analyst Recommendations
Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
- 12. Appendix
Research Methodology
Prominent Information Sources
Sample Discussion Guide,
Disclaimer
- 13. Contact Us
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