Dairy Alternatives Market Size to Reach USD 92.53 Billion by 2033, Growing at 12.3% CAGR

Straits Research has published its latest report on the global dairy alternatives market, size was valued at USD 32.57 Billion in 2024 and is projected to reach from USD 36.58 Billion in 2025 to USD 92.53 Billion by 2033, growing at a CAGR of 12.3% during the forecast period (2025-2033).

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Market Definition and Latest Trends

The dairy alternatives market includes plant-based milk and dairy products that serve as alternatives to traditional dairy products. The market has witnessed significant growth in recent years due to increasing consumer preference for plant-based diets, growing lactose intolerance, and rising concerns about animal welfare and environmental sustainability.

  • Increasing demand for oat milk and other plant-based milk alternatives

  • Growing adoption of dairy alternatives in foodservice and hospitality industries

  • Rising investment in research and development to improve the taste, texture, and nutritional profile of dairy alternatives

  • Increasing focus on sustainability and environmental responsibility in the production and packaging of dairy alternatives

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Market Segmentation

By Source

The market is segmented into soy milk, almond milk, coconut milk, rice milk, oat milk, and others.

By Product

The market is segmented into milk, yogurt, ice cream, cheese, creamer, and others.

By Distribution Channel

The market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.

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Key Players in the Dairy Alternatives Market

  • Blue Diamond Growers

  • Vitasoy International Holdings Limited

  • Eden Foods Inc.

  • Nutriops S.L.

  • SunOpta Inc.

Conclusion

The global dairy alternatives market is expected to witness significant growth in the coming years, driven by increasing consumer preference for plant-based diets and lifestyles, growing lactose intolerance and dairy allergies, and rising concerns about animal welfare and environmental sustainability. The market presents several opportunities for growth and development, and key players are focusing on expanding their product portfolios, improving their distribution networks, and investing in research and development to stay competitive in the market.

Get Related Reports :

https://sites.google.com/view/consumerandpackageingresearchr/home/aseptic-packaging-market-size 

https://consumerandpackaging.digitalpress.blog/aseptic-packaging-market-expansion-10-1-cagr-through-2033/ 

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