North America Dairy Alternatives Market Forecast to 2028

Report Code : BMIRE00026303 | Region : North America | Industry : Food and Beverages | Published Date : 26/Sep/2022
North America 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 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.

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

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.

The List of Companies - North America Dairy Alternatives Market

● Blue Diamond Growers

● Califia Farms, LLC

● Danone S.A.

● Nestlé SA

● Oatly Inc.

● SunOpta

● 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. North America 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. North America Dairy Alternatives Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Trend of Veganism

5.1.2 Surging Prevalence of Lactose Intolerance

5.2 Market Restraints

5.2.1 High Product Price

5.3 Market Opportunities

5.3.1 Product Innovation

5.4 Future Trends

5.4.1 Surging Demand for Functional Dairy Alternatives

5.5 Impact Analysis of Drivers and Restraints

6. Dairy Alternatives Market – North America Analysis

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

7. North America Dairy Alternatives Market Analysis – By Source

7.1 Overview

7.2 North America Dairy Alternatives Market, By Source (2021 and 2028)

7.3 Soy

7.3.1 Overview

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

7.4 Almond

7.4.1 Overview

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

7.5 Coconut

7.5.1 Overview

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

7.6 Oats

7.6.1 Overview

7.6.2 Oats: 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. North America Dairy Alternatives Market Analysis – By Product Type

8.1 Overview

8.2 North America Dairy Alternatives Market, By Product Type (2021 and 2028)

8.3 Milk

8.3.1 Overview

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

8.4 Ice Cream

8.4.1 Overview

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

8.5 Yogurt

8.5.1 Overview

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

8.6 Cheese

8.6.1 Overview

8.6.2 Cheese: 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. North America Dairy Alternatives Market Analysis – By Distribution Channel

9.1 Overview

9.2 North America 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. North America Dairy Alternatives Market – Country Analysis

10.1 Overview

10.1.1 North America: Dairy Alternatives Market, by Key Country

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

10.1.1.1.1 US: Dairy Alternatives Market, By Product Type

10.1.1.1.2 US: Dairy Alternatives Market, by Source

10.1.1.1.3 US: Dairy Alternatives Market, by Distribution Channel

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

10.1.1.2.1 Canada: Dairy Alternatives Market, By Product Type

10.1.1.2.2 Canada: Dairy Alternatives Market, by Source

10.1.1.2.3 Canada: Dairy Alternatives Market, by Distribution Channel

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

10.1.1.3.1 Mexico: Dairy Alternatives Market, By Product Type

10.1.1.3.2 Mexico: Dairy Alternatives Market, by Source

10.1.1.3.3 Mexico: 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 SunOpta

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 Blue Diamond Growers

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 Nestlé SA

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 Danone S.A.

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 Oatly Inc.

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 Califia Farms, LLC

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 Valsoia S.p.A.

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 Valio Ltd

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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

Table 11.          List of Abbreviation

The List of Companies - North America Dairy Alternatives Market

● Blue Diamond Growers

● Califia Farms, LLC

● Danone S.A.

● Nestlé SA

● Oatly Inc.

● SunOpta

● 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 North America 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 North America 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 North America 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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