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.Driven by Rising Consumer Awareness, Prevalence of Lactose Intolerance, and Nutritional Benefits of Dairy Alternatives
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.
Key Segments Covered in North America Dairy Alternatives Market:
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
Key Target Audience:
- 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
Time Period Captured in the Report:
- Historical Period: 2017-2021
- Forecast Period: 2022-2027F
Companies Mentioned:
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
Key Topics Covered in the Report:
- Snapshot of North America Dairy Alternatives Industry
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of North America Dairy Alternatives Market
- Historic Growth of Overall North America Dairy Alternatives Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of North America Dairy Alternatives Industry
- Overview, Product Offerings and SWOT Analysis of All the Key Competitors
Covid 19 Impact on the Overall North America Dairy Alternatives Market
- Future Market Forecast and Growth Rates of the Total North America Dairy Alternatives Market and by Segments
- Market Size of End User Industries with Historical CAGR and Future Forecasts
- Analysis of North America Dairy Alternatives Market in Major North American Countries
- PESTLE Analysis and Major Production/Consumption Hubs in the Major Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging North America Dairy Alternatives Companies within Each Major Country
Additional benefits of purchasing an enterprise license:
- TAM/SAM/SOM Analysis
- Customer Cohort Analysis
- Marketing Initiatives
- White Space Opportunity Analysis
- Interactive Data Visualizations
- Customization: 20 Analyst Hours
- 3 Months Post Sales Analyst Support
- Complimentary Update Next Year
- Custom Webinars
Table of Contents
1. Executive Summary
2. Market Overview and Key Trends Impacting Growth
3. Total North America - Market Segmentation by Source, Historic Growth, Outlook & Forecasts
4. Total North America - Market Segmentation by Application, Historic Growth, Outlook & Forecasts
5. Total North America - Market Segmentation by Formulation Type, Historic Growth, Outlook & Forecasts
6. Total North America Market Segmentation by End User Segment/Industry, Growth, Outlook & Forecasts
7. Industry / Competition Analysis - Competitive Landscape
8. Key Competitor Profiles
9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts
10. Industry Experts Opinions/Perspectives
11. Analyst Recommendations
12. Appendix
Executive Summary
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.Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
- Miyoko’s Creamery
- Betterland Foods
- New Culture
- Nuts for Cheese
- Bettermoo(d)
- BetterMilk Inc.
- Heartbest
- Sigma Alimentos
