Asia-Pacific Dairy Alternatives Market Forecast to 2028

Report Code : BMIRE00026297 | Region : Asia Pacific | Industry : Food and Beverages | Published Date : 25/Sep/2022
Asia-Pacific Dairy Alternatives Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Source (Soy, Almond, Coconut, Oats, and Others), Product Type (Milk, Ice Cream, Yogurt, Cheese, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)

The APAC dairy alternatives market is expected to grow from US$ 14,443.15 million in 2022 to US$ 26,938.91 million by 2028. It is estimated to grow at a CAGR of 10.9% from 2022 to 2028.

Nowadays, consumers are increasingly seeking functional benefits from the products they consume. They are looking for products with high nutrient content to fulfill their daily nutritional requirements. Consumers are rapidly switching to plant-based food. However, some consumers are concerned about plant-based foods' lack of protein content. Manufacturers of dairy alternatives are developing products to meet the requirements of potential consumers.

Further, manufacturers of dairy alternatives include functional ingredients, such as antioxidants, collagens, adaptogens, and nootropics, to meet the rising demand for functional dairy alternatives. A manufacturer of plant-based lattes launched a new line of functional oat milk lattes with added ingredients, such as collagen, adaptogen, and antioxidants. The oats milk latte is cold brew and is certified organic.

Adding functional ingredients enhances the popularity of the products and boosts their adoption among consumers. Thus, the surging demand for functional dairy alternatives is expected to drive the growth of the dairy alternatives market over the forecast period across the region.

Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the APAC dairy alternatives market at a promising CAGR during the forecast period.

APAC Dairy Alternatives Market Revenue and Forecast to 2028 (US$ Million)

APAC Dairy Alternatives Market Segmentation

The APAC 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 China, India, Japan, South Korea, Australia, and the Rest of APAC. China dominated the market in 2022. Blue Diamond Growers; Califia Farms, LLC; Danone S.A.; Lactasoy co.; Nestlé S.A.; Oatly Inc.; Sanitarium; Valio Ltd; and Valsoia S.p.A. are the leading companies in the APAC dairy alternatives market.

The List of Companies - Asia-Pacific Dairy Alternatives Market

● Blue Diamond Growers

● Califia Farms, LLC

● Danone S.A.

● Lactasoy co.th

● Nestlé SA

● Oatly Inc.

● Sanitarium

● Valio Ltd

● Valsoia S.p.A.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

4. APAC Dairy Alternatives Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

5. APAC Dairy Alternatives Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Trend of Veganism

5.1.2 Increasing Prevalence of Lactose Intolerance

5.2 Market Restraints

5.2.1 High Product Price

5.3 Market Opportunities

5.3.1 Surging Product Innovation

5.4 Future Trends

5.4.1 Growing Demand for Functional Dairy Alternatives

5.5 Impact Analysis of Drivers and Restraints

6. Dairy Alternatives Market – APAC Analysis

6.1 APAC Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

7. APAC Dairy Alternatives Market Analysis – By Product Type

7.1 Overview

7.2 APAC Dairy Alternatives Market, By Product Type (2021 and 2028)

7.3 Milk

7.3.1 Overview

7.3.2 Milk: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Ice Cream

7.4.1 Overview

7.4.2 Ice Cream: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Yogurt

7.5.1 Overview

7.5.2 Yogurt: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

7.6 Cheese

7.6.1 Overview

7.6.2 Cheese: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

8. APAC Dairy Alternatives Market Analysis – By Source

8.1 Overview

8.2 APAC Dairy Alternatives Market, By Source (2021 and 2028)

8.3 Soy

8.3.1 Overview

8.3.2 Soy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Almond

8.4.1 Overview

8.4.2 Almond: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Coconut

8.5.1 Overview

8.5.2 Coconut: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Oats

8.6.1 Overview

8.6.2 Oats: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Dairy Alternatives Market Analysis – By Distribution Channel

9.1 Overview

9.2 APAC Dairy Alternatives Market, By Distribution Channel (2021 and 2028)

9.3 Supermarkets & Hypermarkets

9.3.1 Overview

9.3.2 Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

9.4 Convenience Stores

9.4.1 Overview

9.4.2 Convenience Stores: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

9.5 Online Retail

9.5.1 Overview

9.5.2 Online Retail: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

9.6 Others

9.6.1 Overview

9.6.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)

10. APAC Dairy Alternatives Market – Country Analysis

10.1 Overview

10.1.1 APAC: Dairy Alternatives Market, by Key Country

10.1.1.1 China: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 China: Dairy Alternatives Market, By Product Type

10.1.1.1.2 China: Dairy Alternatives Market, by Source

10.1.1.1.3 China: Dairy Alternatives Market, by Distribution Channel

10.1.1.2 Japan: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Japan: Dairy Alternatives Market, By Product Type

10.1.1.2.2 Japan: Dairy Alternatives Market, by Source

10.1.1.2.3 Japan: Dairy Alternatives Market, by Distribution Channel

10.1.1.3 India: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Dairy Alternatives Market, By Product Type

10.1.1.3.2 India: Dairy Alternatives Market, by Source

10.1.1.3.3 India: Dairy Alternatives Market, by Distribution Channel

10.1.1.4 South Korea: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 South Korea: Dairy Alternatives Market, By Product Type

10.1.1.4.2 South Korea: Dairy Alternatives Market, by Source

10.1.1.4.3 South Korea: Dairy Alternatives Market, by Distribution Channel

10.1.1.5 Australia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 Australia: Dairy Alternatives Market, By Product Type

10.1.1.5.2 Australia: Dairy Alternatives Market, by Source

10.1.1.5.3 Australia: Dairy Alternatives Market, by Distribution Channel

10.1.1.6 Rest of APAC: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Dairy Alternatives Market, By Product Type

10.1.1.6.2 Rest of APAC: Dairy Alternatives Market, by Source

10.1.1.6.3 Rest of APAC: Dairy Alternatives Market, by Distribution Channel

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

12. Company Profiles

12.1 Blue Diamond Growers

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Nestlé SA

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Danone S.A.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Oatly Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Califia Farms, LLC

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Valsoia S.p.A.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Lactasoy co.th

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Sanitarium

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Valio Ltd

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             APAC Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             China Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             China Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Japan Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Japan Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Japan Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             India Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 10.          India Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          South Korea Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 13.          South Korea Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Australia Dairy Alternatives Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Australia Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Australia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Rest of APAC Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of APAC Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Rest of APAC Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 20.          List of Abbreviation

The List of Companies - Asia-Pacific Dairy Alternatives Market

● Blue Diamond Growers

● Califia Farms, LLC

● Danone S.A.

● Lactasoy co.th

● Nestlé SA

● Oatly Inc.

● Sanitarium

● Valio Ltd

● Valsoia S.p.A.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC dairy alternatives market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the APAC dairy alternatives market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the dairy alternatives market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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