The United States dairy
alternatives market size is anticipated to grow at an impressive rate during
the forecast period. Due to their high nutritional value and positive health
effects, dairy-free alternatives to traditional foods and drinks are becoming increasingly
popular. Examples include cheese, desserts, soy milk, snacks, and almond milk.
Additionally, the functional qualities offered by dairy alternatives help with
texture improvement and resistance to stress, fatigue, and aging, among many
other issues. Further, the demand for these goods will rise as the vegan
population consumes more foods free of dairy. Milk alternatives generated
the most significant retail sales in the plant-based food market in the US in
2020. Sales of milk alternatives was valued between USD2.5 billion and USD3
billion in 2020.
Demand is being driven by
worries about hormones, pesticides, and antibiotics. The consumption of these
substances' residues is dangerous, especially for expectant mothers.. Because
they are naturally derived and extracted, dairy alternatives have established
themselves as a secure substitute for dairy products. During the forecast
period, the market's growth is anticipated to be further accelerated by the
exceptional benefits that milk substitutes offer.
To attract more customers,
alternative dairy producers are making significant investments in product
innovation. The market's active players gain a competitive edge owing to the
product innovation strategy, which boosts their profits. To satisfy changing
consumer demands, producers of dairy alternatives offer certified organic
products that are GMO-free, gluten-free, label-free, and hypoallergenic-free.
Additionally, because
consumers care about their health, they favor low-calorie and low-fat products.
As a result, producers of plant-based dairy products offer sugar-free and
low-sugar options for the health-conscious consumers. Therefore, launching
sugar-free products for the fitness and health freak consumers drives the dairy
alternatives market growth in the United States.
New Product Launch Aids the Market
Growth
New product launches can help
in driving the growth of the United States dairy alternatives market. As
consumer demand for dairy-free products continues to grow, companies are
developing new and innovative products to meet this demand. For example, in
recent years, the introduction of a variety of new dairy alternative products,
such as plant-based yogurts, cheeses, and ice creams. These products are made
from a variety of plant-based ingredients, such as nuts, soy, and coconut, and
offer consumers a wider range of options to choose from. Also, manufacturers
are launching new dairy-free products in order to cater the demand of vegan
customers, which fuels the dairy alternatives market in the United States. For
instance, Melt Organic, a leading vegan butter company, introduced a new line
of dairy-free cheesy spreadable. The latest dairy-free cheesy spreadable are
allergen-free cream cheese spread and dip to hit the market, packed with more
protein than its dairy rivals. All Cheesy Spreadables by Melt Organic flavors
are allergen-free, vegan, non-GMO, OU Kosher, and Rainforest Alliance Certified
Organic.. Four flavors are available for Cheesy Spreadables: Original, Queso
Picante, Everything, and Cool Garlic Herb. New product launches can also help
to increase consumer awareness of the dairy alternatives market and the
benefits of consuming dairy-free products. Companies often use marketing and
advertising campaigns to promote their new products, which can help to educate
consumers and build brand recognition. In addition, new product launches can
create opportunities for companies to differentiate themselves from their
competitors and gain market share. By introducing unique and innovative
products, companies can set themselves apart from other players in the market
and attract new customers. Therefore, new product launches can aid in the
growth of the United States dairy alternatives market by offering consumers a
wider range of options, increasing awareness of the benefits of dairy-free
products, and creating opportunities for companies to differentiate themselves
from their competitors. However, companies need to carefully research and test
their products to ensure that they are well received by consumers.
Rising Demand for Sugar-Free
Products Fuels the Market Growth
One of the trends
contributing to the growth of the dairy alternatives market is the rising
demand for sugar-free products. Many consumers are looking for healthier
options that do not contain added sugars, and this has led to the development
of a variety of sugar-free dairy alternatives such as almond milk, soy milk,
and coconut milk. As consumers look for alternatives to dairy products that
don't contain added sugar, the demand for dairy-free products is rising. Due to
the high-calorie content of dairy products, consumers are also selecting dairy
substitutes to cut back on their calorie intake. Soy or almond milk is becoming
increasingly popular among consumers trying to lose weight. This is anticipated
to aid in the market's expansion as the number of fitness-conscious consumers
increases in the United States. For instance, NadaMoo is the pioneer of
dairy-free coconut milk ice cream rich in plant-based ingredients. The new
line, which comes in Vanilla, Strawberry, Chocolate, and Mint Chip flavors,
will satisfy even the most decisive cravings owing to NadaMoo's guilt-free
recipe. The brand's original coconut base, inspired by plants and a crucial
component in achieving NadaMoo's renowned creamy texture, will be featured in
the no sugar added line. The line will be sweetened with organic allulose,
organic erythritol, and a trace amount of stevia extract - a considerate
approach that satisfies the well-trained sweet tooth - to keep sugar levels low
but still tasty. In addition, the growing prevalence of lactose intolerance and
dairy allergies has also contributed to the demand for dairy alternatives. Many
dairy alternatives are naturally free from lactose and other allergens, making
them a popular choice for individuals with dietary restrictions. Hence, the
increasing demand for sugar-free products drives the dairy alternative market
size in the United States.
Therefore, the rising demand
for sugar-free products, coupled with concerns over animal welfare,
environmental sustainability, and health and wellness, has fueled the growth of
the United States dairy alternatives market. Many consumers are looking for
healthier options that do not contain added sugars, and this has led to the
development of a variety of sugar-free dairy alternatives. However, it's essential
to exercise caution and choose products that are both nutritious and suitable
for the dietary needs.
Increasing the Demand for
Dairy-Free Products Which Will Further The Market Demand
A change in consumer
awareness of dairy-free options and their benefits is the main factor
influencing consumer decisions to choose these foods. Lactose intolerance,
environmental concerns, and veganism are the three main factors driving
consumer demand for dairy substitutes. The most popular dairy-free goods
include softened butter, milk, yogurt, frozen desserts, and yogurt. Given their
interest in probiotic foods and drinks, plant-based options, and snacking,
millennials, in particular, are a potential market for probiotic plant-based
yogurts. Manufacturers are concentrating on creating dairy-free yogurts that
are tasty, plant-based, healthy, and have clean labels. For instance,
Dairy-free brand Silk launched a brand-new line of vegan Greek-style yogurts.
The new line of yogurts is made with a base of coconut milk that emulates the
thick consistency and creamy flavor of natural dairy Greek yogurt while using
only plant-based ingredients. Dairy-free alternatives such as almond milk, soy
milk, and oat milk have become increasingly popular, and the market is expected
to continue to grow as more consumers seek out these alternatives. In addition,
the increasing availability of dairy-free options in restaurants and grocery
stores is also contributing to the growth of the market. As more consumers look
for dairy-free options, businesses are responding by offering a wider range of
products to meet this demand. Therefore, the increasing demand for dairy-free
products, driven by a variety of factors, has fueled the growth of the United
States dairy alternatives market. As more consumers look for dairy-free
options, the market is expected to continue to grow, and businesses are
responding by offering a wider range of products to meet this demand.
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Market Segmentation
United States dairy
alternatives market is segmented into type, source,
formulation, distribution channel, region, and company. Based on type, the
market is segmented into milk, butter, yogurt, cheese, others (ice cream,
cream, tofu, smoothies, etc.). Based on source, the market is segmented into soy,
coconut, almond, others (rice, oats, hemp, walnut, hazelnut, cashew, etc.).
Based on formulation, the market is segmented into unsweetened and sweetened. Based
on distribution channels, the market is segmented into grocery/convenience
store, supermarket/hypermarket, online, others (specialty stores, pharmacies, direct
sales, etc.).
Market Players
Danone North
America Public Benefit Corporation, SunOpta, Inc., The Hain Celestial Group,
Inc., Daiya Foods Inc., Eden Foods, Inc., Living Harvest Foods Inc., Archer-Daniels-Midland
Company, Earth's Own Food Company Inc., PACIFIC FOODS OF OREGON, LLC, Kite Hill
are the major
market players in United States dairy alternatives market.
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Attribute
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Details
|
|
Base Year
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2021
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Historic
Data
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2017 – 2020
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|
Estimated
Year
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2022
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Forecast
Period
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2023 – 2027
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Quantitative
Units
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Revenue in USD
Million, and CAGR for 2017-2021 and 2022-2027
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|
Report Coverage
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Revenue forecast, company
share, competitive landscape, growth factors, and trends
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|
Segments Covered
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·
Type
·
Source
·
Formulation
·
Distribution Channel
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|
Regional
scope
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South, West, Mid-West, North-East
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|
Key
companies profiled
|
Danone North America Public Benefit
Corporation, SunOpta, Inc., The Hain Celestial Group, Inc., Daiya Foods Inc.,
Eden Foods, Inc., Living Harvest Foods Inc., Archer-Daniels-Midland Company,
Earth's Own Food Company Inc., PACIFIC FOODS OF OREGON, LLC, Kite Hill, etc.
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|
Customization
scope
|
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and
purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United States dairy alternatives market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- United
States Dairy Alternatives Market, By Type:
- Milk
- Butter
- Yogurt
- Cheese
- Others
- United
States Dairy Alternatives Market, By Source:
- Soy
- Coconut
- Almond
- Others
- United
States Dairy Alternatives Market, By Formulation:
- United
States Dairy Alternatives Market, By Distribution Channel:
- Grocery/Convenience Store
- Supermarket/Hypermarket
- Online
- Others
- United
States Dairy Alternatives Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in United States dairy alternatives market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
United States Dairy Alternatives Market is an
upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]