Plant-based Dairy Market is segmented by application, type, component, material, and geography

Market Industry Reports (MIR) has published a new report titled “Plant-based Dairy Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global plant-based dairy market accounted for over ~US$ 19.0billion in 2019. It is anticipated to grow at a CAGR of ~11.0% from 2019 to 2030.

According to the Food and Agriculture Organization of the United Nations, the world’s milk production grew by 0.5% during 2017, which is much lower than the average growth rate of 2.1% during the last decade. International dairy prices continued to increase in 2017, driven by declines in milk production in the last quarter of 2016 and the first quarter of 2017 and the strong demand for fat solids. Consumers are now shifting to plant-based dairy substitutes that are derived from a wide range of sources such as legumes, pseudo cereals, oilseeds, and cereals.

Get sample copy of “Plant-based Dairy Market”:

Some of the prominent players in the Plant-based Dairy Market include:

Valsoia S.p.A. P.IVA, THE WHITEWAVE FOODS COMPANY (Danone), FREEDOM FOODS GROUP LIMITED, Earth’s Own Food Company Inc., SunOpta, Eden Foods, Inc., Panos Brands LLC, Dohler, Blue Diamond Growers, Hain Celestial, Organic Valley

The market growth of plant-based dairy products can be attributed to factors such as the increasing adoption of plant-based dairy alternatives. For instance, according to the Good Food Institute, in 2017, there tail sale of plant-based creamer grew in the U.S. by62% in the past year. Similarly, there tail sale of plant-based cheese grew by 41% and that of plant-based yogurt grew by 54%.Increasing consciousnessregarding eco-friendly approaches thus results in plant-based alternatives gaining popularity among the masses. Such alternatives minimize Green House Gas (GHG) emissions by eliminating biodiversity losses, deforestation, water pollution, and freshwater use. There is also increasing awareness regarding the health concerns triggered by the consumption of dairy products. In the American diet, milk and other dairy products are considered to be the top source of saturated fat leading to heart disease, type 2 diabetes and Alzheimer’s disease. Also, lactose intolerance is quite common in most of the countries.

Other factors such as prominent players, and start-ups, across various geographies have launched new products into the market to meet the rising demand for innovative products, flavors and mineral fortification which are boosting the plant-based dairy market.

The Plant-based Dairy Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.  

By Source (Almond, Oats, Coconut, Soy, Hemp, and Rice), Application (Cheese, Yogurt, Milk, Creamers, and Ice Creams), Distribution Channel (Supermarkets, Pharmacies, Online Stores, Health Food Stores, And Convenience Stores)

Research Approach

As a standard protocol at MIR, all research assignments go through the following rigorous processes.

  • Secondary Research
  • Primary Research
  • Market Size Estimation & Forecasting
  • Data Validation & Triangulation
  • Report Generation

Have any query? Inquiry about report:

Table of Contents

    1. Market Definition
    2. Market Classification
    3. Geographic Scope
    4. Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
    5. Currency Used
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
    4. Market Estimation Methodology
    5. Data Validation and Triangulation
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities

Buy this report @

About Market Industry Reports

Market Industry Reports is a global leader in market measurement & advisory services, Market Industry Reports is at the forefront of innovation to address the worldwide industry trends and opportunities. We identified the caliber of market dynamics & hence we excel in the areas of innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research.

We continue to pioneer state-of-the-art approach in research & analysis that makes complex world simpler to stay ahead of the curve. By nurturing the perception of genius and optimized market intelligence we bring proficient contingency to our clients in the evolving world of technologies, megatrends and industry convergence. We empower and inspire Vanguards to fuel and shape their business to build and grow world-class consumer products.

Contact Us-
Phone: + 91 8956767535

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s