The North America dairy alternatives market is expected to grow from US$ 6,447.99 million in 2022 to US$ 11,230.14 million by 2028. It is estimated to grow at a CAGR of 9.7% from 2022 to 2028.
Lactose intolerance is defined as the reduced ability of the human body to digest lactose. The prevalence of lactose intolerance or malabsorption is high across the region due to a lack of genetic mutation for digesting lactose. People with lactose intolerance are recommended to have a lactose-free diet to avoid allergies and digestive problems such as diarrhea, abdominal bloating, and nausea. Moreover, people allergic to milk are also recommended to consume plant-based dairy products. Therefore, such people are searching for alternatives that are easy to digest and fulfill their daily nutritional needs. Dairy alternatives or dairy-free products are made from almond milk, soymilk, and coconut milk, free from lactose.
Moreover, plant-based dairy products have similar texture, creaminess, and consistency to conventional dairy products. Moreover, plant-based dairy products are fortified with nutrients, such as protein and calcium, that meet the daily nutrient requirements of consumers. Thus, the increasing prevalence of lactose intolerance and milk allergies among consumers is driving the regional dairy alternatives market.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the North America dairy alternatives market at a good CAGR during the forecast period.
Lactose intolerance is defined as the reduced ability of the human body to digest lactose. The prevalence of lactose intolerance or malabsorption is high across the region due to a lack of genetic mutation for digesting lactose. People with lactose intolerance are recommended to have a lactose-free diet to avoid allergies and digestive problems such as diarrhea, abdominal bloating, and nausea. Moreover, people allergic to milk are also recommended to consume plant-based dairy products. Therefore, such people are searching for alternatives that are easy to digest and fulfill their daily nutritional needs. Dairy alternatives or dairy-free products are made from almond milk, soymilk, and coconut milk, free from lactose.
Moreover, plant-based dairy products have similar texture, creaminess, and consistency to conventional dairy products. Moreover, plant-based dairy products are fortified with nutrients, such as protein and calcium, that meet the daily nutrient requirements of consumers. Thus, the increasing prevalence of lactose intolerance and milk allergies among consumers is driving the regional dairy alternatives market.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the North America dairy alternatives market at a good CAGR during the forecast period.
North America Dairy Alternatives Market Segmentation
The North America dairy alternatives market is segmented based on source, product type, distribution channel, and country.- Based on product type, the market is segmented into milk, ice cream, yogurt, cheese, and others. The milk segment dominated the market in 2022.
- Based on source, the market is segmented into soy, almond, coconut, oats, and others. The almond segment dominated the market in 2022.
- Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment dominated the market in 2022.
- -Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market in 2022. Blue Diamond Growers; Califia Farms, LLC; Danone S.A.; Nestlé S.A.; Oatly Inc.; SunOpta; Valio Ltd; and Valsoia S.p.A. are among the leading companies in the North America dairy alternatives market.
Table of Contents
1. Introduction
3. Research Methodology
4. North America Dairy Alternatives Market Landscape
5. North America Dairy Alternatives Market - Key Market Dynamics
6. Dairy Alternatives Market - North America Analysis
7. North America Dairy Alternatives Market Analysis - By Source
8. North America Dairy Alternatives Market Analysis - By Product Type
9. North America Dairy Alternatives Market Analysis - By Distribution Channel
10. North America Dairy Alternatives Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Blue Diamond Growers
- Califia Farms, LLC
- Danone S.A.
- Nestlé SA
- Oatly Inc.
- SunOpta
- Valio Ltd
- Valsoia S.p.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 151 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 6447.99 Million |
| Forecasted Market Value ( USD | $ 11230.14 Million |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
