Market outlook of dairy alternative drinks
Technavio market research analyst predicts the global dairy alternative drinks market to grow steadily at a CAGR of approximately 15% between 2015 and 2019. The nutritional benefits of dairy alternative drinks are the key growth drivers of this market. Dairy alternative drinks are plant-based milk made from cereals, nuts, and seeds. Health issues such as lactose intolerance, milk allergy, and the genetic disorder such as Phenylketonuria can be resolved by taking dairy alternative beverages as these are plant based milk and are free from animal proteins. Moreover, they have low-fat and low-cholesterol levels, making them a popular choice for health-conscious consumers and vegans.
The growing demand for almond milk is expected to aid the market growth during the forecast period Almond milk is a good source of unsaturated fats, is rich in proteins and omega fatty acids, and is derived from natural almond oils. It helps in improving vision, strengthens the bone, maintains cardiovascular health, building strong muscles, aids in controlling the blood pressure, and can also be used as a substitute for breast milk.
Product segmentation and analysis of the dairy alternative drinks market
Others (coconut milk, hazelnut milk, hemp milk, and oat milk)
The almond milk segment dominated the market during 2014, accounting for a market share of around 38%. Almond milk aids in improving the immune function and helps in reducing the risk of osteoporosis. Moreover, it contains no hormones and is prescribed by dermatologists to patients with acne.
Geographical segmentation and analysis of the dairy alternative drinks market
APAC accounted for around 45% of the market share during 2014 and is expected to retain its market leadership until the end of the forecast period. The market is witnessing a huge demand for dairy alternative drinks from developing countries such as China, India, and Indonesia. The high demand for dairy alternative beverages coupled with the increasing number of people with dairy allergies is expected to drive the market growth in this region.
Competitive landscape and key vendors
The global dairy alternative drinks market is fragmented with small and large vendors. The manufacturers of the products compete on the basis of added health benefits, product differentiation, category extension, and innovation in product and pricing. The competition in the market is expected to intensify further during the forecast period due to the introduction of new product developments.
The leading vendors in the market are -
Blue Diamond Growers
Earth's Own Food
Living Harvest Foods
The other prominent vendors in the market include Grupo Leche Pascual Sa, Oatly AB, Pacific Natural Foods, Panos Brands, Stremicks Heritage Foods, SunOpta, Turtle Mountain, and Vitasoy International.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global dairy-alternative drinks market?
What are the key market trends impacting the growth of the dairy alternative drinks market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global dairy-alternative drinks market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
What are the key outcomes of the five forces analysis of the dairy alternative drinks market?
Global Dairy Alternative Beverages Market 2014-2018
Dairy Products Market in China 2015-2019
Dairy Food Market in GCC Countries 2015-2019
Global Dairy Food Market 2014-2018
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Global dairy-alternative drinks market by product type
Global dairy-alternative drinks market by almond milk
Global dairy-alternative drinks market by soy milk
Global dairy-alternative drinks market by rice milk
Global dairy-alternative drinks market by other segment
PART 07: Geographical segmentation
Dairy-alternative drinks by geography
Dairy-alternative drinks market in APAC
Dairy-alternative drinks market in Americas
Dairy-alternative drinks market in Europe
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
Other prominent vendors
PART 15: Key vendor analysis
Blue Diamond Growers
Earth's Own Food Company
Living Harvest Foods
PART 16: Appendix
List of abbreviations
PART 17: Explore Technavio
List of Exhibits
Exhibit 01: Global dairy alternative drinks market segmentation
Exhibit 02: Product offerings
Exhibit 03: Global dairy-alternative drinks market
Exhibit 04: Global dairy-alternative drinks market ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Global dairy-alternative drinks market by product 2014
Exhibit 07: Global dairy-alternative drinks market by product 2019
Exhibit 08: Global dairy-alternative drinks market by almond milk 2014?2019 ($ billions)
Exhibit 09: Global dairy-alternative drinks market by soy milk 2014?2019 ($ billions)
Exhibit 10: Global dairy-alternative drinks market by rice milk 2014?2019 ($ billions)
Exhibit 11: Global dairy-alternative drinks market by other segment 2014?2019 ($ billions)
Exhibit 12: Dairy-alternative drinks market by geography 2014
Exhibit 13: Dairy-alternative drinks market by geography 2019
Exhibit 14: Dairy-alternative drinks market in APAC 2014?2019 ($ billions)
Exhibit 15: Dairy-alternative drinks market in Americas 2014?2019 ($ billions)
Exhibit 16: Dairy-alternative drinks market in Europe 2014?2019 ($ billions)
Exhibit 17: Key leading countries
Exhibit 18: Dairy-alternative drink varieties
Exhibit 19: Impact of drivers
Exhibit 20: Country-wise natural disasters by type in 2014
Exhibit 21: Impact of drivers and challenges
Exhibit 22: Leading vendors in the global dairy-alternative drinks market
Exhibit 23: Earth's Own Food Company: Product segmentation
Exhibit 24: Freedom Foods: Business segmentation by revenue 2015
Exhibit 25: Freedom Foods: Business segmentation by revenue 2014 and 2015 ($ millions)
Exhibit 26: Living Harvest Foods: Product segmentation
Exhibit 27: Organic Valley: Product categories
Exhibit 28: Pure Harvest: Products