Europe Dairy Alternatives Market cover

Europe Dairy Alternatives Market by Distribution Channels (Online Retail, Supermarkets/Hypermarkets, Convenience Stores, and Others), Types (Foods [Yogurt, Frozen Desserts, and Others], and Beverages [Soy Milk, Almond Milk, Coconut Milk, Rice Milk, and Others]), and Region - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3069
  • Author: Growth Market Reports
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  • No. Of Pages: 184
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The Europe dairy alternatives market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising incidences of lactose intolerance, more consumer health consciousness, and changing lifestyles appear to be driving development in the worldwide dairy alternatives market.


Europe Dairy Alternatives Market summary

Alternative milk has grown in popularity and customer choice in recent years, with oat, almond, and coconut as the most popular components. For many people across the world, brands like Alpro, Oatly, and Mighty Pea have become household names.

Dairy alternatives have more nutritional advantages than traditional dairy products such as milk, butter, and cheese, prompting more customers to switch to dairy alternatives. According to research published in the Food and Nutrition Research Journal, contrary to common assumption, greater milk consumption does not enhance bone density in adults.

Dairy substitutes have less calories than low-fat milk. Furthermore, the calcium and potassium content of these dairy substitutes is higher than that of milk, which is the primary reason for dairy product intake. Dairy substitute producers have used the research findings to improve their marketing efforts in order to increase sales.

The increased awareness among the general public to be healthy and in shape, as well as improving body immunity throughout the world, has resulted in a significant increase in protein demand in urban areas, driving the protein supplement market.

The growing popularity of vegan, vegetarian, and flexitarian diets is propelling sales in the United Kingdom. Vegan and vegetarian customers frequently mention animal compassion as a primary motivator. Consumer research, on the other hand, suggests that those who aren't completely vegetarian/vegan but eat a more "flexitarian" diet have strong motives to reduce their environmental impact and promote sustainability.

Increased demand for protein sports drinks, specialty nutritional beverages, nutritious snack bars, and other things has resulted from the rise in the number of muscle and fitness enthusiasts.

The EU is on track to reach its aim of boosting plant-based food consumption.  Amendment 171 was accepted by the European Parliament by a majority vote in October 2020 and entered scenario analysis discussions in late January 2021. The EU removed Amendment 171 on May 25, 2021, enabling plant-free dairy firms to use adjectives like "buttery" or "creamy" to advertise their goods.

Market Trends, Drivers, Restraints, and Opportunities

  • Urbanization, and the aging of the population are expected to boost the market growth during the forecast period.

  • Increased demand for nutritious food with longer shelf-life leads to increase connectivity is expected to fuel the market growth during the forecast period.
  • Increased concern for health diet is expected to drive the market expansion in coming years.
  • Growing vegan population and inclination towards plant-based sources are anticipated to surge the market growth.
  • Rising population of consumers are closely monitoring calorie intake and the nutritional elements is key factors pushing the market in the coming years.
  • Rapid growth in number of fitness centers and gyms are major factors boosting the market growth in the coming years
  • Rise in instance of allergies cause by plant-based milk are expected to hinder the market.
  • Scientific research and development in plant engineering and customization of products are projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the Europe dairy alternatives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Europe Dairy Alternatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Distribution Channels (Online Retail, Supermarkets/Hypermarkets, Convenience Stores, and Others), Types (Foods [Yogurt, Frozen Desserts, and Others], and Beverages [Soy Milk, Almond Milk, Coconut Milk, Rice Milk, and Others])

Regional Scope

Europe

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Danone SA; Braham & Murray; Blue Diamond Growers; Oatly AB; Daiya Foods Inc

Europe Dairy Alternatives Market Segment Insights

The online retail segment is projected to constitute a key market share

Based on distribution channels, the Europe dairy alternatives market is divided into online retail, supermarkets/hypermarkets, convenience stores, and others. The online retail segment is expected to account for a key share of the market during the forecast period owing to rising presence of online sellers also amid to spread of corona virus large number of consumers shifting towards online delivery services.  

The almond milk segment is expected to expand at a rapid pace

In terms of types, the Europe dairy alternatives market is segmented into foods, and beverages. The beverage segment is further divide into soy milk, almond milk, coconut milk, rice milk, and others. The almond milk segment is expected to hold a key share of the market in the coming years due to veganism and the ketogenic diet are becoming increasingly popular among young people. Almond milk is a nutritious dairy substitute with high lipids, protein, and fiber content that is expected to rise in popularity in the near future. Almond milk also aids in blood pressure regulation and has heart and skin health benefits.


Europe Dairy Alternatives Market type

Segments

Segments Covered in the Report

The Europe dairy alternatives market has been segmented on the basis of

Distribution Channels

  • Online Retail
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Others

 Types

  • Foods
  • Yogurt
  • Frozen Desserts
  • Others
  • Beverages
  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Rice Milk
  • Others

Region

  • Europe

Key Players

  • Danone SA
  • Braham & Murray
  • Blue Diamond Growers
  • Oatly AB
  • Daiya Foods Inc

Competitive Landscape

Key players competing in the Europe dairy alternatives market include Danone SA; Braham & Murray; Blue Diamond Growers; Oatly AB; Daiya Foods Inc.
Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. for instance,
In 2021 Oatly submitted an application to be listed on the Nasdaq under the ticker symbol "OTLY."  When the terms of the company's first public offering were set, its potential worth was projected to be more than $10 billion.

Europe Dairy Alternatives Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Europe Dairy Alternatives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Europe Dairy Alternatives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Europe Dairy Alternatives Market - Supply Chain
  4.5. Global Europe Dairy Alternatives Market Forecast
     4.5.1. Europe Dairy Alternatives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Europe Dairy Alternatives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Europe Dairy Alternatives Market Absolute $ Opportunity
5. Global Europe Dairy Alternatives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Europe Dairy Alternatives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Europe Dairy Alternatives Demand Share Forecast, 2019-2026
6. North America Europe Dairy Alternatives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Europe Dairy Alternatives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Europe Dairy Alternatives Demand Share Forecast, 2019-2026
7. Latin America Europe Dairy Alternatives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Europe Dairy Alternatives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Europe Dairy Alternatives Demand Share Forecast, 2019-2026
8. Europe Europe Dairy Alternatives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Europe Dairy Alternatives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Europe Dairy Alternatives Demand Share Forecast, 2019-2026
9. Asia Pacific Europe Dairy Alternatives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Europe Dairy Alternatives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Europe Dairy Alternatives Demand Share Forecast, 2019-2026
10. Middle East & Africa Europe Dairy Alternatives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Europe Dairy Alternatives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Europe Dairy Alternatives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Europe Dairy Alternatives Market: Market Share Analysis
  11.2. Europe Dairy Alternatives Distributors and Customers
  11.3. Europe Dairy Alternatives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Danone SA
     11.4.2. Braham & Murray
     11.4.3. Blue Diamond Growers
     11.4.4. Oatly AB
     11.4.5. Daiya Foods Inc

Segments Covered in the Report

The Europe dairy alternatives market has been segmented on the basis of

Distribution Channels

  • Online Retail
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Others

 Types

  • Foods
  • Yogurt
  • Frozen Desserts
  • Others
  • Beverages
  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Rice Milk
  • Others

Region

  • Europe

Key Players

  • Danone SA
  • Braham & Murray
  • Blue Diamond Growers
  • Oatly AB
  • Daiya Foods Inc

Key players competing in the Europe dairy alternatives market include Danone SA; Braham & Murray; Blue Diamond Growers; Oatly AB; Daiya Foods Inc.
Some of these players are coming up with several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. for instance,
In 2021 Oatly submitted an application to be listed on the Nasdaq under the ticker symbol "OTLY."  When the terms of the company's first public offering were set, its potential worth was projected to be more than $10 billion.

Europe Dairy Alternatives Market keyplayers

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