The SAM dairy alternatives market is expected to grow from US$ 1,135.72 million in 2022 to US$ 2,159.25 million by 2028. It is estimated to grow at a CAGR of 11.3% from 2022 to 2028.
Dairy alternative manufacturers are investing significantly in product innovation to appeal to a large group of consumers. Product innovation strategy offers a competitive edge to the players operating in the market, boosting their profitability. Manufacturers of dairy alternatives provide certified organic, non-GMO, gluten-free, clean-label, and allergen-free products to cater to ever-rising customer requirements.
Moreover, consumers have become health-conscious and prefer low-calorie and low-fat products. Therefore, manufacturers of plant-based dairy offer unsweetened and low-sugar products. Further, manufacturers are experimenting with different plant-based milk sources, such as barley, peas, hemp, chia seeds, bananas, and cashews.
Generally, plant-based ice cream manufacturers use almond milk, coconut milk, or oat milk. Several innovations open new opportunities in the dairy alternatives market. Leading manufacturers of dairy alternatives are developing products that resemble the taste and texture of conventional dairy milk to attract many consumers. Several product developments are further expected to provide potential growth opportunities to the manufacturers of dairy alternatives in the coming years 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 SAM dairy alternatives market at a promising CAGR during the forecast period.
SAM Dairy Alternatives Market Revenue and Forecast to 2028 (US$ Million)
SAM Dairy Alternatives Market Segmentation
The SAM 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 Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2022.
Blue Diamond Growers; Califia Farms, LLC; Danone S.A.; Nestlé SA; Oatly Inc.; and Valio Ltd are the leading companies in the SAM dairy alternatives market.
The List of Companies - South America Dairy Alternatives Market
● Blue Diamond Growers
● Califia Farms, LLC
● Danone S.A.
● Nestlé SA
● Oatly Inc.
● Valio Ltd
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. SAM 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. SAM 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 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 – SAM Analysis
6.1 SAM Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Dairy Alternatives Market Analysis – By Product Type
7.1 Overview
7.2 SAM 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. SAM Dairy Alternatives Market Analysis – By Source
8.1 Overview
8.2 SAM 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. SAM Dairy Alternatives Market Analysis – By Distribution Channel
9.1 Overview
9.2 SAM 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. SAM Dairy Alternatives Market – Country Analysis
10.1 Overview
10.1.1 SAM: Dairy Alternatives Market, by Key Country
10.1.1.1 Brazil: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Dairy Alternatives Market, By Product Type
10.1.1.1.2 Brazil: Dairy Alternatives Market, by Source
10.1.1.1.3 Brazil: Dairy Alternatives Market, by Distribution Channel
10.1.1.2 Argentina: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Dairy Alternatives Market, By Product Type
10.1.1.2.2 Argentina: Dairy Alternatives Market, by Source
10.1.1.2.3 Argentina: Dairy Alternatives Market, by Distribution Channel
10.1.1.3 Rest of SAM: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Dairy Alternatives Market, By Product Type
10.1.1.3.2 Rest of SAM: Dairy Alternatives Market, by Source
10.1.1.3.3 Rest of SAM: 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 Valio Ltd
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
