Dairy Alternatives Market by Source, Application, Distribution
Channel, Formulation and Region - Forecast to 2027
Bharat Book Bureau Provides the Trending Market Research Report on “Dairy Alternatives
Market by Source, Application, Distribution Channel, Formulation and Region - Forecast
to 2027”under Food & Beverage Market Research Report. The report offers a collection of
superior Market research, Market analysis, competitive intelligence and Market reports.
Executive Summary
The Dairy Alternatives Market is estimated to be valued at USD 27.3 billion in 2022 and is
projected to reach USD 44.8 billion by 2027, recording a CAGR of 10.4%, in terms of value.
Appropriate use of promotional mixes has enhanced the growth opportunities in this market.
Almond milk producers have achieved significant popularity and growth as they have correctly
positioned their brands in the dairy alternatives category. Rise in health awareness and lifestyle
changes have stimulated growth in the dairy alternatives market.
Additionally, due to continuous efforts being put in by plant-based beverage manufacturers in
terms of innovative flavors, longer shelf life, and better nutritious profile, the market for dairy
alternatives is projected to grow in the coming years.
“By source, the almond segment is projected to account second largest market share during the
forecast period.”
Based on source, the almond segment is projected to grow at highest CAGR in the market during
the forecast period. Almond is a nutrient-dense product and is an excellent source of vitamin E in
the form of alpha-tocopherol and manganese. Vitamin E’s functionally active component, alpha-
tocopherol, is a powerful antioxidant protecting against free radical reactions. Other nutrients
included in almonds include calcium, magnesium, selenium, potassium, zinc, phosphorus, and
copper.
“By formulation, the plain segment is estimated to grow at a moderate CAGR”
Plain dairy alternative products include milk, spreadable and non-spreadable cheese, tofu