Europe Dairy Alternatives Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Source (Soy, Almond, Coconut, Oats, and Others), Product Type (Milk, Ice Cream, Yogurt, Cheese, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)
The Europe dairy alternatives market is expected to grow from US$ 5,264.35 million in 2022 to US$ 9,597.79 million by 2028. It is estimated to grow at a CAGR of 10.5% from 2022 to 2028.
The vegan population has grown significantly over the past few years. According to Veganuary (a non-profit organization that encourages individuals to go vegan for the entire month of January), in 2022, more than 620,000 people registered for the Veganuary campaign, and the registrations increased by 200% in the last 3 years. People are increasingly switching to a vegan diet due to the rise in health and sustainability concerns. The livestock industry is one of the significant contributors to the total anthropogenic greenhouse gas emissions. The dairy sector is responsible for 30% of the total livestock emissions. Many studies have shown that shifting to a vegan diet can significantly lower carbon dioxide emissions.
Moreover, many organizations believe that veganism can help save the planet from the climate crisis. The awareness regarding the harmful effects of the livestock industry on the environment is increasing among consumers. The consumption of plant-based dairy products helps minimize carbon footprints, save water and other natural resources, and reduce the overall environmental impacts. Therefore, consumers are rapidly switching to plant-based dairy and meat products. This factor is significantly driving the dairy alternatives market.
Further, consumers are highly inclined toward plant-based or vegan-friendly products due to increased health concerns and increased awareness of animal welfare. The rising health consciousness among people due to the increasing prevalence of obesity, diabetes, and other diseases is compelling people to change their dietary habits. People generally perceive plant-based products to be healthier than conventional ones. Thus, health-conscious consumers rapidly substitute traditional, animal-based products with plant-based food. This factor is significantly boosting the dairy alternatives market.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the Europe dairy alternatives market at a promising CAGR during the forecast period.
Europe Dairy Alternatives Market Revenue and Forecast to 2028 (US$ Million)
Europe Dairy Alternatives Market Segmentation
The Europe dairy alternatives market is segmented based on source, product type, distribution channel, and country. Based on product type, the market is segmented into milk, ice cream, yogurt, cheese, and others. The milk segment dominated the market in 2022.
- Based on source, the market is segmented into soy, almond, coconut, oats, and others. The almond segment dominated the market in 2022.
- Based on distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment dominated the market in 2022.
- Based on country, the market is segmented into the UK, Germany, France, Italy, Spain, and the Rest of Europe. The Rest of Europe dominated the market in 2022.
Blue Diamond Growers; Califia Farms, LLC; Danone S.A.; Nestlé SA; Oatly Inc.; Valio Ltd; and Valsoia S.p.A. are the leading companies in the Europe dairy alternatives market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Dairy Alternatives Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. Europe Dairy Alternatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Trend of Veganism
5.1.2 Escalating Prevalence of Lactose Intolerance
5.2 Market Restraints
5.2.1 High Product Price
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Surging Demand for Functional Dairy Alternatives
5.5 Impact Analysis of Drivers and Restraints
6. Dairy Alternatives Market – Europe Analysis
6.1 Europe Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Dairy Alternatives Market Analysis – By Product Type
7.1 Overview
7.2 Europe Dairy Alternatives Market, By Product Type (2021 and 2028)
7.3 Milk
7.3.1 Overview
7.3.2 Milk: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Ice Cream
7.4.1 Overview
7.4.2 Ice Cream: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Yogurt
7.5.1 Overview
7.5.2 Yogurt: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Cheese
7.6.1 Overview
7.6.2 Cheese: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Dairy Alternatives Market Analysis – By Source
8.1 Overview
8.2 Europe Dairy Alternatives Market, By Source (2021 and 2028)
8.3 Soy
8.3.1 Overview
8.3.2 Soy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Almond
8.4.1 Overview
8.4.2 Almond: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Coconut
8.5.1 Overview
8.5.2 Coconut: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Oats
8.6.1 Overview
8.6.2 Oats: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Dairy Alternatives Market Analysis – By Distribution Channel
9.1 Overview
9.2 Europe Dairy Alternatives Market, By Distribution Channel (2021 and 2028)
9.3 Supermarkets & Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Dairy Alternatives Market– Revenue and Forecast to 2028 (US$ Million)
10. Europe Dairy Alternatives Market – Country Analysis
10.1 Overview
10.1.1 Europe: Dairy Alternatives Market, by Key Country
10.1.1.1 Germany: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Dairy Alternatives Market, By Product Type
10.1.1.1.2 Germany: Dairy Alternatives Market, by Source
10.1.1.1.3 Germany: Dairy Alternatives Market, by Distribution Channel
10.1.1.2 France: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Dairy Alternatives Market, By Product Type
10.1.1.2.2 France: Dairy Alternatives Market, by Source
10.1.1.2.3 France: Dairy Alternatives Market, by Distribution Channel
10.1.1.3 UK: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UK: Dairy Alternatives Market, By Product Type
10.1.1.3.2 UK: Dairy Alternatives Market, by Source
10.1.1.3.3 UK: Dairy Alternatives Market, by Distribution Channel
10.1.1.4 Italy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Italy: Dairy Alternatives Market, By Product Type
10.1.1.4.2 Italy: Dairy Alternatives Market, by Source
10.1.1.4.3 Italy: Dairy Alternatives Market, by Distribution Channel
10.1.1.5 Russia: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Dairy Alternatives Market, By Product Type
10.1.1.5.2 Russia: Dairy Alternatives Market, by Source
10.1.1.5.3 Russia: Dairy Alternatives Market, by Distribution Channel
10.1.1.6 Rest of Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Dairy Alternatives Market, By Product Type
10.1.1.6.2 Rest of Europe: Dairy Alternatives Market, by Source
10.1.1.6.3 Rest of Europe: Dairy Alternatives Market, by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Blue Diamond Growers
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nestlé SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Danone S.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Oatly Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Califia Farms, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Valsoia S.p.A.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Valio Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Dairy Alternatives Market Segmentation
Figure 2. Europe Dairy Alternatives Market Segmentation – By Country
Figure 3. Europe Dairy Alternatives Market Overview
Figure 4. Europe Dairy Alternatives Market: By Product Type
Figure 5. Europe Dairy Alternatives Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Dairy Alternatives Market Impact Analysis of Drivers and Restraints
Figure 9. Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 11. Europe Milk: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 12. Europe Ice Cream: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 13. Europe Yogurt: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 14. Europe Cheese: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Dairy Alternatives Market Revenue Share, By Source (2021 and 2028)
Figure 17. Europe Soy: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Almond: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Europe Coconut: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Oats: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Europe Others: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe Dairy Alternatives Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 23. Europe Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 24. Europe Convenience Stores: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 25. Europe Online Retail: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 26. Europe Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 27. Europe: Dairy Alternatives Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. Europe: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Germany: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. France: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Italy: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Russia: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Europe: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
- Blue Diamond Growers
- Califia Farms, LLC
- Danone S.A.
- Nestlé SA
- Oatly Inc.
- Valio Ltd
- Valsoia S.p.A.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe dairy alternatives market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe dairy alternatives market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the dairy alternatives market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution