Plant-based Dairy Market Insights
The plant-based dairy market is expected to skyrocket in the coming years, attributed to numerous health-related benefits that these products offer. The vitamins & minerals, phytochemicals, and antioxidants in plants support the immune system of human beings. Also, plant-based food & beverages reduce inflammation in the human body, which helps reducing the risk of heart diseases, stroke, diabetes, etc. Awareness of these benefits is observed to be increasing over time, which is causing significant upsurge in the adoption of plant-based foods & beverages, globally. Therefore, in the near future, plant-based food & beverages such as dairy products are poised to witness major upswing in demand. According to a January 2019 survey conducted by the Food and Drug Administration (FDA) of the U.S., over 35% U.S. citizens purposefully consume plant-based milk, and this number is increasing rapidly. For instance, between 2014 & 2017, the number of vegan product consumers increased 6 times in the U.S.
Plant-based Dairy Market Analysis by Product
Increasing consumer preference towards gluten- & fat-free dairy alternatives has led to higher consumption of plant-based dairy products. Plant-based milk is observed to be the most preferred among all plant-based dairy products. Plant-based milk alternatives are extracted from various sources such as almonds, cashews, coconuts, hazelnuts, oats, etc., which have high protein value. Therefore, plant-based milk is poised to create an absolute $ opportunity of US$ 5.7 billion in the global plant-based dairy market during the forecast period.
For more valuable information on the contribution of each product to the global plant-based dairy market value, ask an expert analyst
Plant-based Dairy Market Analysis by Nature
Due to the outbreak of diseases such as COVID-19, there has been substantial growth in awareness about the impact of food & beverages on human health. Consumers are shifting towards organic products that offer various health benefits. Though the number of organic plant-based dairy consumers is increasing at significant speed, conventional plant-based dairy products are expected to dominate the global plant-based market with around 65% market share throughout the forecast period. However, organic plant-based dairy products are projected to witness growth at a CAGR of 13% during the forecast period.
Regional Outlook of Plant-based Dairy Market
Developed regions such as North America and Europe dominate the global plant-based dairy market share (combined market share of around 53% in 2020). High level of product awareness in these regions has led to maximum consumption of plant-based dairy products. Also, rapidly increasing number of plant-based businesses in North America and Europe has given consumers a wide range of options. For instance, in 2019, around 11,655 new plant-based food & beverage businesses were launched across Europe. However, developing regions such as South Asia, ASEAN & Oceania, and East Asia have shown positive outlooks, and are expected to expand at CAGRs of around 12 during the forecast period.
For deeper knowledge surrounding growth prospects of regional markets for plant-based dairy, ask an request sample
Plant-based Dairy Market Competitive Analysis: Key Players Focus on Geographical Expansion and Product Launches
The global plant-based dairy market is fragmented in nature. Leading animal-based dairy and food FNCG companies are entering the market as it is flourishing day by day. Companies are also expanding their geographical reach by introducing plant-based dairy products in new territories. For instance, in March 2020, Nestlé launched its plant-based milk powder Milo in Australia. While in the same month, global dairy company Arla announced its entry into the plant-based dairy market with a new brand - JÖR?.
COVID-19 Impact on Plant-based Dairy Market
Unprecedented impact of the COVID-19 pandemic on human health is burgeoning as the virus continues to spread globally. As no vaccine is ready to ready the virus as of now, doctors and medical experts have suggested to consume food that strengthens the immune system. As a result, there has been exceptional rise in the demand for plant-based dairy products; this is attributed to the ability of plant-based dairy products to strengthen and support the human immune system. However, on the other hand, though demand has grown substantially, nationwide lockdowns have hampered production and supply chains in most regions. Retail avenues such as supermarkets and hypermarkets are temporarily closed, which has damaged the supply-demand ecosystem. Nevertheless, in the long run, when lockdowns ease and regions are back to normal, sales of plant-based dairy products are expected to surge significantly.
The Analyst’s Viewpoint
The global plant-based dairy market will create enormous opportunity in the future, as demand for fat-free dairy solutions rises due to growing health concerns amid alarming health emergencies such as COVID-19.
Global Plant-based Dairy Market: Scope of the Report
Fact.MR published an exclusive forecast report on the plant-based dairy market for the period of 2020-2030. The foremost objective of the plant-based dairy market report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the plant-based dairy market. This market study addresses key dynamics that are expected to diversify the adoption and future prominence of the plant-based dairy market.
The report on the plant-based dairy market begins with an executive overview, in which product definition has been provided. The report further proceeds with the taxonomy of the plant-based dairy market, elaborating on key segments. The report also outlines visionary insights on the dynamics of the plant-based dairy market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors.
Plant-based Dairy Market - Scope of the Report
Fact.MR recently published a market study on the global plant-based dairy market. The study provides a detailed assessment on key market dynamics, including the drivers, trends, opportunities, restraints, and detailed information about the plant-based dairy market structure. The market study presents exclusive information about how the plant-based dairy market will grow during the forecast period of 2020-2030.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact.MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the plant-based dairy market during the forecast period.
The study is relevant for stakeholders in the plant-based dairy market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the plant-based dairy market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to the macro- as well as micro-economic factors that are impacting developments in the plant-based dairy market. It also offers actionable insights based on the future trends in the plant-based dairy market. Furthermore, small businesses and new entrants in the plant-based dairy market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of Plant-based Dairy Market
Fact.MR’s study on the plant-based dairy market offers information divided into five key segments— product, nature, end use, sales channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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Key Questions Answered in Fact.MR’s Plant-based Dairy Market Report
- Which regions will continue to remain the most profitable regional markets for plant-based dairy market players?
- Which factors will induce a change in the demand for plant-based dairy during the assessment period?
- How will changing trends impact the plant-based dairy market?
- How can market players capture the low-hanging opportunities in the plant-based dairy market in developed regions?
- Which companies are leading the plant-based dairy market?
- What are the winning strategies of stakeholders in the plant-based dairy market to upscale their position in this landscape?
Plant-based Dairy Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the plant-based dairy market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the preparation of the plant-based dairy market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Executive Summary
2. Market Introduction & Definition
2.1. Market Definition
2.2. Market Taxonomy
3. COVID-19 Impact Analysis
3.1. COVID-19 Hotspots
3.2. Global COVID-19 Outbreak Intensity
3.3. Before Coronavirus Outbreak Global GDP Scenario
3.4. After Coronavirus Outbreak Global GDP Predictions
3.5. Industries Affected By Coronavirus Outbreak Worldwide
3.6. Comparing COVID-19, SARS and MERS
3.7. SARS Epidemic
4. Market Background
4.1. Global Agricultural Industry Overview
4.2. Global Dairy Market – Overview
4.3. Global Dairy Market – Per Capita Consumption
4.4. Macro-economic Factors Overview: World Population
4.5. Macro-economic Factors Overview: World Population
4.6. Macro-economic Factors Overview: GDP Growth
4.7. Forecast Factors and Relevance of Impact
4.8. Value Chain Analysis
4.9. Investment Feasibility Matrix
4.10. Market Dynamics
4.10.1. Drivers
4.10.2. Restraints
4.10.3. Opportunity
4.10.4. Trend
5. Global Plant-based Dairy Market Demand Analysis - Volume
6. Global Plant-based Dairy Market Pricing Analysis
7. Global Plant-based Dairy Market Demand Analysis - Value
8. Global Plant-based Dairy Market Demand Analysis By Taxonomy
8.1. Global Plant-based Dairy Market Analysis and Forecast 2020-2030, by Product Type
8.1.1. Global Plant-based Dairy Market Value Share by Product Type, 2020
8.1.1.1. Milk (by Protein Source)
8.1.1.1.1. Almond
8.1.1.1.2. Cashew
8.1.1.1.3. Coconut
8.1.1.1.4. Hazelnut
8.1.1.1.5. Oat
8.1.1.1.6. Rice
8.1.1.1.7. Soy
8.1.1.1.8. Flax
8.1.1.1.9. Hemp
8.1.1.1.10. Macadamia
8.1.1.1.11. Peanut
8.1.1.1.12. Pistachio
8.1.1.1.13. Quinoa
8.1.1.1.14. Sesame
8.1.1.1.15. Others
8.1.1.2. Frozen Desserts (by Protein Source)
8.1.1.2.1. Avocado
8.1.1.2.2. Oat
8.1.1.2.3. Cashew
8.1.1.2.4. Soy
8.1.1.2.5. Almond
8.1.1.2.6. Coconut
8.1.1.3. Butter (by Form)
8.1.1.3.1. Sticks
8.1.1.3.2. Spread
8.1.1.4. Creamer (by Protein Source)
8.1.1.4.1. Soy
8.1.1.4.2. Coconut
8.1.1.4.3. Almond
8.1.1.4.4. Others
8.1.1.5. Yogurt (by Protein Source)
8.1.1.5.1. Oat
8.1.1.5.2. Cashew
8.1.1.5.3. Soy
8.1.1.5.4. Almond
8.1.1.5.5. Coconut
8.1.1.5.6. Others
8.1.1.6. Cheese (by Form)
8.1.1.6.1. Blocks and Wedges
8.1.1.6.2. Creams, sauces and spreads
8.1.1.6.3. Shredded and Crated
8.1.1.6.4. Sliced
8.1.2. Global Plant-based Dairy Market Y-o-Y Growth, by Product Type (2016 – 2030)
8.1.3. Global Plant-based Dairy Market Attractiveness Analysis, by Product Type (2020 – 2030)
8.1.4. Key Takeaways
8.2. Global Plant-based Dairy Market Analysis and Forecast 2020-2030, by Nature
8.2.1. Global Plant-based Dairy Market Value Share by Nature, 2020
8.2.1.1. Organic
8.2.1.2. Conventional
8.2.2. Global Plant-based Dairy Market Y-o-Y Growth, by Nature (2016 – 2030)
8.2.3. Global Plant-based Dairy Market Attractiveness Analysis, by Nature (2020 – 2030)
8.2.4. Key Takeaways
8.3. Global Plant-based Dairy Market Analysis and Forecast 2020-2030, by Nature
8.3.1. Global Plant-based Dairy Market Value Share by End Use, 2020
8.3.1.1. B2B
8.3.1.1.1. Bakery and Confectionary
8.3.1.1.2. Snacks and Savoury
8.3.1.1.3. Ready Meals
8.3.1.1.4. HoReCa
8.3.1.1.5. Other Food Products
8.3.1.2. B2C
8.3.1.2.1. HoReCa
8.3.1.2.2. Household
8.3.2. Global Plant-based Dairy Market Y-o-Y Growth, by End Use (2016 – 2030)
8.3.3. Global Plant-based Dairy Market Attractiveness Analysis, by End Use (2020 – 2030)
8.3.4. Key Takeaways
8.4. Global Plant-based Dairy Market Analysis and Forecast 2020-2030, by Sales Channel
8.4.1. Global Plant-based Dairy Market Value Share by Sales Channel, 2020
8.4.1.1. Direct Sales
8.4.1.2. Retail Sales
8.4.1.2.1. Supermarkets and Hypermarkets
8.4.1.2.2. Convenience Store
8.4.1.2.3. Independent Grocery Stores
8.4.1.2.4. Specialty Stores
8.4.1.2.5. Online Stores
8.4.2. Global Plant-based Dairy Market Y-o-Y Growth, by Sales Channel (2016 – 2030)
8.4.3. Global Plant-based Dairy Market Attractiveness Analysis, by Sales Channel (2020 – 2030)
8.4.4. Key Takeaways
8.5. Global Plant-based Dairy Market Analysis and Forecast 2020-2030, by Region
8.5.1. Global Plant-based Dairy Market Value Share by Region, 2020
8.5.1.1. North America
8.5.1.2. Latin America
8.5.1.3. Europe
8.5.1.4. East Asia
8.5.1.5. South Asia, ASEAN & Oceania
8.5.1.6. MEA
8.5.2. Global Plant-based Dairy Market Y-o-Y Growth, by Region (2016 – 2030)
8.5.3. Global Plant-based Dairy Market Attractiveness Analysis, by Region (2020 – 2030)
8.5.4. Key Takeaways
8.6. Global Plant-based Cheese Market Analysis and Forecast 2020-2030, by Product Type
8.6.1. Global Plant-based Cheese Market Value Share by Product Type, 2020
8.6.1.1. Mozzarella
8.6.1.2. Cheddar
8.6.1.3. Parmesan
8.6.1.4. Gouda
8.6.1.5. Other Cheese Types
8.6.2. Global Plant-based Dairy Market Y-o-Y Growth, by Product Type (2016 – 2030)
8.6.3. Global Plant-based Dairy Market Attractiveness Analysis, by Product Type (2020 – 2030)
8.6.4. Key Takeaways
9. North America Plant-based Dairy Market Analysis and Forecast
9.1. North America Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
9.2. North America Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
9.3. North America Plant-based Dairy Market Value Share by Market Taxonomy, 2020
9.4. North America Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
9.5. North America Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
9.5.1. By Product Type
9.5.2. By Nature
9.5.3. By End Use
9.5.4. By Sales Channel
9.5.5. By Country
9.5.5.1. U.S.
9.5.5.2. Canada
9.5.6. Key Takeaways
10. Latin America Plant-based Dairy Market Analysis and Forecast
10.1. Latin America Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
10.2. Latin America Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
10.3. Latin America Plant-based Dairy Market Value Share by Market Taxonomy, 2020
10.4. Latin America Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
10.5. Latin America Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
10.5.1. By Product Type
10.5.2. By Nature
10.5.3. By End Use
10.5.4. By Sales Channel
10.5.5. By Country
10.5.5.1. Brazil
10.5.5.2. Mexico
10.5.5.3. Rest of Latin America
10.5.6. Key Takeaways
11. Europe Plant-based Dairy Market Analysis and Forecast
11.1. Europe Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
11.2. Europe Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
11.3. Europe Plant-based Dairy Market Value Share by Market Taxonomy, 2020
11.4. Europe Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
11.5. Europe Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
11.5.1. By Product Type
11.5.2. By Nature
11.5.3. By End Use
11.5.4. By Sales Channel
11.5.5. By Country
11.5.5.1. Germany
11.5.5.2. U.K.
11.5.5.3. France
11.5.5.4. Spain
11.5.5.5. Italy
11.5.5.6. BENELUX
11.5.5.7. Russia
11.5.6. Key Takeaways
12. East Asia Plant-based Dairy Market Analysis and Forecast
12.1. East Asia Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
12.2. East Asia Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
12.3. East Asia Plant-based Dairy Market Value Share by Market Taxonomy, 2020
12.4. East Asia Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
12.5. East Asia Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
12.5.1. By Product Type
12.5.2. By Nature
12.5.3. By End Use
12.5.4. By Sales Channel
12.5.5. By Country
12.5.5.1. China
12.5.5.2. Japan
12.5.5.3. South Korea
12.5.6. Key Takeaways
13. South Asia, ASEAN & Oceania Plant-based Dairy Market Analysis and Forecast
13.1. South Asia, ASEAN & Oceania Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
13.2. South Asia, ASEAN & Oceania Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
13.3. South Asia, ASEAN & Oceania Plant-based Dairy Market Value Share by Market Taxonomy, 2020
13.4. South Asia, ASEAN & Oceania Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
13.5. South Asia, ASEAN & Oceania Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
13.5.1. By Product Type
13.5.2. By Nature
13.5.3. By End Use
13.5.4. By Sales Channel
13.5.5. By Country
13.5.5.1. India
13.5.5.2. Australia
13.5.5.3. ASEAN Countries
13.5.5.4. Rest of South Asia, ASEAN & Oceania
13.5.6. Key Takeaways
14. MEA Plant-based Dairy Market Analysis and Forecast
14.1. MEA Plant-based Dairy Market Volume (KT) and Y-o-Y Growth
14.2. MEA Plant-based Dairy Market Value (US$ Mn) and Y-o-Y Growth, 2015 – 2030
14.3. MEA Plant-based Dairy Market Value Share by Market Taxonomy, 2020
14.4. MEA Plant-based Dairy Market Y-o-Y Growth, by Market Taxonomy (2016 – 2030)
14.5. MEA Plant-based Dairy Market Attractiveness Analysis, by Market Taxonomy (2020 – 2030)
14.5.1. By Product Type
14.5.2. By Nature
14.5.3. By End Use
14.5.4. By Sales Channel
14.5.5. By Country
14.5.5.1. GCC Countries
14.5.5.2. Turkey
14.5.5.3. South Africa
14.5.5.4. Rest of MEA
14.5.6. Key Takeaways
15. Competition Assessment
15.1. Competition Dashboard
16. Company Profiles
16.1. Naturli’ Foods A/S
16.2. Liquats Vegetals S.A.
16.3. Hippie Mylk
16.4. Pacific Foods of Oregon, LLC
16.5. Orgain, Inc.
16.6. Simple Foods Co., Ltd. (137 Degrees)
16.7. Good Mylk Co.
16.8. Veganarke Enterprises Pvt. Ltd. (Goodmylk.in)
16.9. Califia Farms
16.10. Mylkman
16.11. Malk Organics
16.12. The Granarolo Group
16.13. The Bridge S.R.L.
16.14. Origin Almond
16.15. Milk 2.0
16.16. The Whitewave Foods Company (Silk)
16.17. Ecomil
16.18. New Barn Organics
16.19. Groupo Lala
16.20. Alpro
16.21. Vistasoy
16.22. Modest Mylk LLC
16.23. Trader Joe’s
16.24. Three Trees Organics
16.25. Rude Health
16.26. Plenish Drinks
16.27. Craze Foods Ltd. (Rebel Kitchen)
16.28. La Mandorle
16.29. Kite-Hill
16.30. Royal Hawaiian Orchards
16.31. Suncoast Gold (Patons Group)
16.32. Innocent Drinks
16.33. Kirkland Signature (Costco)
16.34. YOSOY
16.35. Oatly
16.36. Vly Foods
16.37. Happy Cashew
16.38. Nuttin Ordinary
16.39. Dr-Cow Tree Nut Cheese
16.40. I AM NUT OK
16.41. Numu Vegan
16.42. Punk Rawk Labs
16.43. Bryt Life Foods
16.44. Good Planet Foods
16.45. Sagamiya Foods Co. Ltd. (Beyond Tofu)
16.46. Bedda World
16.47. Culcherd
16.48. La Marmite Vegetale (The Vegetable Pot)
16.49. Bonsan Absolutely Vegan
16.50. Angel Food
16.51. Kinda Co.
16.52. SOYANA
16.53. Mozzarisella
16.54. Daiya Foods Inc.
16.55. Miyoko’s Creamery
16.56. Nafsika Inc.
16.57. Cicioni
16.58. Wheaty
16.59. Conagra, Inc. (Earth Balance )
16.60. WayFare Foods
16.61. Tofutown North America, Inc.
16.62. Laird Superfood
16.63. Earth’s Own Food Company, Inc.
16.64. Pulmuone Foods USA , Inc. (Wildwood Foods)
16.65. Valio Group (Oddlygood)
16.66. Beta Oats
16.67. Nancy’s Yogurt
16.68. Forager Project
16.69. Harvest Moon
16.70. Stonyfiel Farm, Inc.
16.71. The Coconut Collaborative Ltd
16.72. Yoconut Dairy Free
16.73. Chobani LLC
16.74. EVR Foods (Lavva)
16.75. Hudson River Foods (Tempt)
16.76. Cado
16.77. So Delicious Dairy Free
16.78. Booja-Booja
16.79. Double Rainbow Ice Creams, Inc.
16.80. Breyers Ice Cream (Unilever)
16.81. Snow Monkey
16.82. Nobó
16.83. Chicago Vegan Foods
17. Appendix
18. Assumptions and Acronyms Used
19. Research Methodology
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Plant-based Dairy Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030