Middle East & Africa 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 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.
- 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 UAE, Saudi Arabia, South Africa, and the Rest of the MEA. The Rest of the MEA 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.
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. MEA 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. MEA Dairy Alternatives Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Trend of Veganism
5.1.2 Increasing 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 – MEA Analysis
6.1 MEA Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Dairy Alternatives Market Analysis – By Product Type
7.1 Overview
7.2 MEA 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. MEA Dairy Alternatives Market Analysis – By Source
8.1 Overview
8.2 MEA 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. MEA Dairy Alternatives Market Analysis – By Distribution Channel
9.1 Overview
9.2 MEA 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. MEA Dairy Alternatives Market – Country Analysis
10.1 Overview
10.1.1 MEA: Dairy Alternatives Market, by Key Country
10.1.1.1 South Africa: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Dairy Alternatives Market, By Product Type
10.1.1.1.2 South Africa: Dairy Alternatives Market, by Source
10.1.1.1.3 South Africa: Dairy Alternatives Market, by Distribution Channel
10.1.1.2 Saudi Arabia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Dairy Alternatives Market, By Product Type
10.1.1.2.2 Saudi Arabia: Dairy Alternatives Market, by Source
10.1.1.2.3 Saudi Arabia: Dairy Alternatives Market, by Distribution Channel
10.1.1.3 UAE: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Dairy Alternatives Market, By Product Type
10.1.1.3.2 UAE: Dairy Alternatives Market, by Source
10.1.1.3.3 UAE: Dairy Alternatives Market, by Distribution Channel
10.1.1.4 Rest of MEA: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Dairy Alternatives Market, By Product Type
10.1.1.4.2 Rest of MEA: Dairy Alternatives Market, by Source
10.1.1.4.3 Rest of MEA: 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 Valio Ltd
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of MEA Dairy Alternatives Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA Dairy Alternatives Market, by Source – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA Dairy Alternatives Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Dairy Alternatives Market Segmentation
Figure 2. MEA Dairy Alternatives Market Segmentation – By Country
Figure 3. MEA Dairy Alternatives Market Overview
Figure 4. MEA Dairy Alternatives Market: By Product Type
Figure 5. MEA Dairy Alternatives Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. MEA Dairy Alternatives Market Impact Analysis of Drivers and Restraints
Figure 9. MEA: Dairy Alternatives Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. MEA Dairy Alternatives Market Revenue Share, By Product Type (2021 and 2028)
Figure 11. MEA Milk: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 12. MEA Ice Cream: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 13. MEA Yogurt: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 14. MEA Cheese: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 15. MEA Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 16. MEA Dairy Alternatives Market Revenue Share, By Source (2021 and 2028)
Figure 17. MEA Soy: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. MEA Almond: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. MEA Coconut: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. MEA Oats: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. MEA Others: Dairy Alternatives Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. MEA Dairy Alternatives Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 23. MEA Supermarkets & Hypermarkets: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 24. MEA Convenience Stores: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 25. MEA Online Retail: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 26. MEA Others: Dairy Alternatives Market– Revenue and Forecast To 2028 (US$ Million)
Figure 27. MEA: Dairy Alternatives Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. MEA: Dairy Alternatives Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. South Africa: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Saudi Arabia: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. UAE: Dairy Alternatives Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of MEA: 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
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA 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 MEA 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 MEA 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