Dairy Alternatives Market Size
Dairy Alternatives Market: Projected Growth from USD 36.58 Billion in 2025 to USD 92.53 Billion by 2033
A milk substitute is any substance that resembles milk and can be used in similar ways. Common alternatives include nut milk, grain milk, legume milk, and mock milk, all of which are considered non-dairy beverages.
Straits Research has published its latest report on the global dairy alternatives market, size was valued at USD 32.57 Billion in 2024 and is projected to reach from USD 36.58 Billion in 2025 to USD 92.53 Billion by 2033, growing at a CAGR of 12.3% during the forecast period (2025-2033).
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Market Definition and Latest Trends
The dairy alternatives market includes plant-based milk and dairy products that serve as alternatives to traditional dairy products. The market has witnessed significant growth in recent years due to increasing consumer preference for plant-based diets, growing lactose intolerance, and rising concerns about animal welfare and environmental sustainability.
Increasing demand for oat milk and other plant-based milk alternatives
Growing adoption of dairy alternatives in foodservice and hospitality industries
Rising investment in research and development to improve the taste, texture, and nutritional profile of dairy alternatives
Increasing focus on sustainability and environmental responsibility in the production and packaging of dairy alternatives
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Market Segmentation
By Source
The market is segmented into soy milk, almond milk, coconut milk, rice milk, oat milk, and others.
By Product
The market is segmented into milk, yogurt, ice cream, cheese, creamer, and others.
By Distribution Channel
The market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.
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Key Players in the Dairy Alternatives Market
Blue Diamond Growers
Vitasoy International Holdings Limited
Eden Foods Inc.
Nutriops S.L.
SunOpta Inc.
Conclusion
The global dairy alternatives market is expected to witness significant growth in the coming years, driven by increasing consumer preference for plant-based diets and lifestyles, growing lactose intolerance and dairy allergies, and rising concerns about animal welfare and environmental sustainability. The market presents several opportunities for growth and development, and key players are focusing on expanding their product portfolios, improving their distribution networks, and investing in research and development to stay competitive in the market.
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