The MEA dairy alternatives market is expected to grow from US$ 890.54 million in 2022 to US$ 1,730.50 million by 2028. It is estimated to grow at a CAGR of 11.7% from 2022 to 2028.
Dairy alternative manufacturers are investing significantly in product innovation to appeal to a large group of consumers. Product innovation strategy offers a competitive edge to the players operating in the market, boosting their profitability. Manufacturers of dairy alternatives provide certified organic, non-GMO, gluten-free, clean-label, and allergen-free products to cater to ever-rising customer requirements.
Moreover, consumers have become health-conscious and prefer low-calorie and low-fat products. Therefore, manufacturers of plant-based dairy offer unsweetened and low-sugar products. Further, manufacturers are experimenting with different plant-based milk sources, such as barley, peas, hemp, chia seeds, bananas, and cashews.
Generally, plant-based ice cream manufacturers use almond milk, coconut milk, or oat milk. Several innovations open new opportunities in the dairy alternatives market. Leading manufacturers of dairy alternatives are developing products that resemble the taste and texture of conventional dairy milk to attract many consumers. Several product developments are further expected to provide potential growth opportunities to manufacturers of dairy alternatives in the coming years across the region.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the MEA dairy alternatives market at an attractive CAGR during the forecast period.
MEA Dairy Alternatives Market Revenue and Forecast to 2028 (US$ Million)
MEA Dairy Alternatives Market Segmentation
The MEA 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.
Blue Diamond Growers; Califia Farms, LLC; Danone S.A.; Nestlé SA; Oatly Inc.; and Valio Ltd are the leading companies in the MEA dairy alternatives market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 890.54 Million |
| Market Size by 2028 | US$ 1,730.50 Million |
| CAGR (2022 - 2028) | 11.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Source
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Dairy Alternatives Market is valued at US$ 890.54 Million in 2022, it is projected to reach US$ 1,730.50 Million by 2028.
As per our report Middle East & Africa Dairy Alternatives Market, the market size is valued at US$ 890.54 Million in 2022, projecting it to reach US$ 1,730.50 Million by 2028. This translates to a CAGR of approximately 11.7% during the forecast period.
The Middle East & Africa Dairy Alternatives Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Dairy Alternatives Market report:
The Middle East & Africa Dairy Alternatives Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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