“The dairy alternatives market is emerging with the growing preference towards vegan diet and rising incidences of lactose-intolerance & milk allergy, and health consciousness among consumers. However, the high cost involved in R&D activities is restraining the growth of this market. Continuous development in countries such as China and Australia is paving new opportunities for the dairy alternatives market.
The dairy alternatives market is segmented on the basis of types into soy milk, almond milk, rice milk, and others. Soy milk is the most widely used dairy alternatives, followed by almond milk. The market is segmented on the basis of formulations into plain-sweetened, plain-unsweetened, flavored-sweetened, flavored-unsweetened, and others. The market is segmented on the basis of application into food & beverages. The market is also segmented on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and is further segmented on the basis of their key countries.
Both “bottom-up†and “top-down†approaches were used to arrive at the market sizes and obtain the forecast numbers. Extensive secondary research was conducted to understand the market insights and trends, which were further validated through primary interviews.
The dairy alternatives market, in terms of value, is projected to reach about USD 19.5 billion by 2020, growing at a CAGR of about 15.5% from 2015 to 2020. In 2014, the global consumption of dairy alternatives was 583.2 KT, and is projected to grow at a CAGR of about 15.2% from 2015 to 2020. It is projected to grow as a result of new products launched in different applications and companies expanding their footprint in new regions. The Asia-Pacific region dominated the dairy alternatives market in 2014.
The report provides both, qualitative and quantitative analyses of the market for dairy alternatives. It includes the market dynamics, trends, competitive strategies preferred by key players, the driving factors that boost the growth, and restraints of the dairy alternatives market. The report also studies the opportunities for new entrants in the market.
To maintain a competitive edge in the dairy alternatives market, the key players invest in launching new products and expanding their geographical presence. Leading players such as The WhiteWave Foods Company (U.S.), The Hain Celestial Group Inc. (U.S.), Blue Diamond Growers (U.S.), Sanitarium Health & Wellbeing Company (Australia), Freedom Foods Group Ltd. (Australia), and Archer Daniels Midland Company (U.S.), have been profiled in the report.
The report covers, the global dairy alternatives market in major regions such as North America, Europe, Asia-Pacific and RoW. Soy milk segment is estimated to have the largest market during the forecast period. Furthermore, Asia-Pacific is projected to be the largest market for soy milk during the review period. On the basis of formulation, plain unsweetened formulation is projected to dominate the dairy alternatives market between 2015 and 2020. By application, beverage segment is estimated to have the largest market during the forecast period.
”
“TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 16
1.3.1 DAIRY ALTERNATIVES MARKET, BY TYPE 16
1.3.2 DAIRY ALTERNATIVES MARKET, BY FORMULATION 16
1.3.3 DAIRY ALTERNATIVES MARKET, BY APPLICATION 16
1.3.4 DAIRY ALTERNATIVES MARKET, BY REGION 17
1.3.5 YEARS CONSIDERED 17
1.4 CURRENCY CONSIDERED 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.2 FACTOR ANALYSIS 23
2.2.1 INTRODUCTION 23
2.2.2 OVERVIEW OF PARENT INDUSTRY 23
2.2.3 DEMAND-SIDE ANALYSIS 24
2.2.3.1 Population growth and diversified food demand 24
2.2.4 SUPPLY-SIDE ANALYSIS 25
2.2.4.1 List of regulatory bodies and organizations in different countries 25
2.2.4.2 Fluctuation in raw material prices 25
2.3 MARKET SIZE ESTIMATION 26
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 28
2.5 MARKET SHARE ESTIMATION 28
2.6 RESEARCH ASSUMPTIONS & LIMITATIONS 28
2.6.1 ASSUMPTIONS OF THE RESEARCH STUDY 28
2.6.2 LIMITATIONS OF THE RESEARCH STUDY 29
3 EXECUTIVE SUMMARY 30
3.1 OVERVIEW 30
3.2 DAIRY ALTERNATIVES 30
3.3 ASIA-PACIFIC TO BE THE FASTEST-GROWING MARKET FOR DAIRY ALTERNATIVES 33
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET 35
4.2 DAIRY ALTERNATIVES MARKET, BY TYPE 36
4.3 DAIRY ALTERNATIVES MARKET IN ASIA-PACIFIC 37
4.4 ASIA-PACIFIC DOMINATED THE OVERALL DAIRY ALTERNATIVES MARKET 38
4.5 DAIRY ALTERNATIVES MARKET, BY FORMULATION, 2014 39
4.6 DAIRY ALTERNATIVES MARKET: DEVELOPED VS. EMERGING MARKETS 40
4.1 FOOD APPLICATION ACCOUNTED FOR LARGEST SHARE IN DAIRY ALTERNATIVES MARKET IN 2014 41
4.2 DAIRY ALTERNATIVES MARKET LIFE CYCLE ANALYSIS, BY REGION 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 44
5.1.1 MARKET INSIGHTS 44
5.2 MARKET SEGMENTATION 45
5.2.1 DAIRY ALTERNATIVES MARKET, BY TYPE 45
5.2.2 DAIRY ALTERNATIVES MARKET, BY FORMULATION 46
5.2.3 DAIRY ALTERNATIVES MARKET, BY APPLICATION 46
5.3 MARKET DYNAMICS 47
5.3.1 DRIVERS 47
5.3.1.1 Growing consumers preference for vegan diet 47
5.3.1.2 Nutritional benefits drive the plant-based dairy alternatives market 48
5.3.1.3 Lactose intolerance & milk allergy 48
5.3.2 RESTRAINTS 49
5.3.2.1 More expensive compared to dairy milk 49
5.3.3 OPPORTUNITIES 49
5.3.3.1 Growing demand in emerging markets 49
5.3.3.2 Appropriate marketing & correct positioning of dairy alternatives 49
5.3.4 CHALLENGES 50
5.3.4.1 Non-availability of raw materials 50
6 INDUSTRY TRENDS 51
6.1 INTRODUCTION 51
6.2 SUPPLY CHAIN ANALYSIS 51
6.3 REGULATORY ENVIRONMENT 52
6.3.1 EUROPEAN NATURAL SOYFOODS MANUFACTURERS ASSOCIATION (ENSA) 52
6.3.2 FOOD STANDARDS AUSTRALIA NEW ZEALAND ACT (FSANZ) 1991 52
6.3.3 FOOD AND DRUG REGULATION (FDR) 52
6.4 INDUSTRY TRENDS 53
6.5 PORTER’S FIVE FORCES ANALYSIS 54
6.5.1 INTENSITY OF COMPETITIVE RIVALRY 54
6.5.2 BARGAINING POWER OF SUPPLIERS 55
6.5.3 BARGAINING POWER OF BUYERS 55
6.5.4 THREAT OF SUBSTITUTES 55
6.5.5 THREAT OF NEW ENTRANTS 56
6.6 STRATEGIC BENCHMARKING 57
6.6.1 NEW PRODUCT LAUNCHES 57
7 DAIRY ALTERNATIVES MARKET, BY TYPE 58
7.1 INTRODUCTION 59
7.2 SOY MILK 61
7.3 ALMOND MILK 63
7.4 RICE MILK 64
7.5 OTHER DAIRY ALTERNATIVES 65
8 DAIRY ALTERNATIVES MARKET, BY FORMULATION 67
8.1 INTRODUCTION 68
8.2 PLAIN FORMULATION 69
8.2.1 PLAIN SWEETENED FORMULATION 69
8.2.2 PLAIN UNSWEETENED FORMULATION 70
8.3 FLAVORED FORMULATION 71
8.3.1 FLAVORED SWEETENED FORMULATION 71
8.3.2 FLAVORED UNSWEETENED FORMULATION 72
9 DAIRY ALTERNATIVES MARKET, BY APPLICATION 73
9.1 INTRODUCTION 74
9.2 FOOD 75
9.2.1 CHEESE 75
9.2.2 DESSERTS 75
9.2.3 SNACKS 76
9.3 BEVERAGES 76
10 DAIRY ALTERNATIVES MARKET, BY BRAND 79
10.1 INTRODUCTION 79
10.1.1 SO GOOD 79
10.1.2 ALPRO 79
10.1.3 SILK 79
10.1.4 ALMOND BREEZE 79
10.1.5 DAIYA 79
10.1.6 ECOMIL 79
10.1.7 EDENSOY 80
10.1.8 DREAM 80
10.1.9 AUSTRALIA’S OWN ORGANIC 80
10.1.10 SO NICE 80
10.1.11 RYZA 80
10.1.12 PURE 80
11 DAIRY ALTERNATIVES MARKET, BY REGION 81
11.1 INTRODUCTION 82
11.2 PEST ANALYSIS 82
11.2.1 POLITICAL FACTORS 82
11.2.2 ECONOMIC FACTORS 82
11.2.3 SOCIAL FACTORS 83
11.2.4 TECHNOLOGICAL FACTORS 83
11.3 NORTH AMERICA 84
11.3.1 U.S. 85
11.3.2 CANADA 86
11.3.3 MEXICO 86
11.4 EUROPE 93
11.4.1 FRANCE 95
11.4.2 ITALY 95
11.4.3 GERMANY 95
11.4.4 U.K. 95
11.4.5 SPAIN 95
11.4.6 OTHERS 95
11.5 ASIA-PACIFIC 102
11.5.1 CHINA 103
11.5.2 JAPAN 104
11.5.3 AUSTRALIA 104
11.5.4 NEW ZEALAND 104
11.5.5 SOUTH-EAST ASIA 104
11.5.6 REST OF ASIA-PACIFIC 104
11.6 REST OF THE WORLD (ROW) 112
11.6.1 SOUTH AFRICA 113
11.6.2 LATIN AMERICA 113
11.6.3 MIDDLE EAST 113
11.6.4 OTHERS IN ROW 113
12 COMPETITIVE LANDSCAPE 120
12.1 OVERVIEW 120
12.2 MARKET SHARE ANALYSIS 121
12.3 COMPETITIVE SITUATION & TRENDS IN THE DAIRY ALTERNATIVES MARKET 122
12.3.1 NEW PRODUCT LAUNCHES 124
12.3.2 EXPANSIONS 125
12.3.3 ACQUISITIONS 126
12.3.4 PARTNERSHIPS AND AGREEMENTS 127
13 COMPANY PROFILES 128
(Company at a Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
13.1 INTRODUCTION 128
13.2 ARCHER DANIELS MIDLAND COMPANY 129
13.3 THE WHITEWAVE FOODS COMPANY 132
13.4 THE HAIN CELESTIAL GROUP, INC. 137
13.5 SANITARIUM HEALTH & WELLBEING COMPANY 142
13.6 BLUE DIAMOND GROWERS 144
13.7 FREEDOM FOODS GROUP LTD. 147
13.8 SUNOPTA INC. 149
13.9 EARTH’S OWN FOOD COMPANY 151
13.10 NUTRIOPS S.L. 153
13.11 EDEN FOODS, INC. 155
13.12 DAIYA FOODS INC. 156
*Details on company at a glance, recent financials, products & services, strategies & insights, & recent developments might not be captured in case of unlisted companies.
14 APPENDIX 158
14.1 INSIGHTS OF INDUSTRY EXPERTS 158
14.2 DISCUSSION GUIDE 159
14.3 AVAILABLE CUSTOMIZATIONS 162
14.4 RELATED REPORTS 162
“
“LIST OF TABLES
TABLE 1 LACTOSE CONTENT OF CERTAIN FOODS 48
TABLE 2 GROWING HEALTH AWARENESS AMONG CONSUMERS & INCREASING DEMAND FOR VEGAN & DAIRY-FREE PRODUCTS ARE LEADING TRENDS IN THE INDUSTRY 53
TABLE 3 DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013-2020 (USD MILLION) 60
TABLE 4 DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013-2020 (KT) 60
TABLE 5 NUTRITIONAL VALUE OF DIFFERENT TYPES OF MILK ALTERNATIVES COMPARED TO COW MILK 61
TABLE 6 NUTRITIONAL COMPOSITION IN FORTIFIED SOY MILK 61
TABLE 7 SOY MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 62
TABLE 8 SOY MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013-2020 (KT) 62
TABLE 9 ALMOND MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 63
TABLE 10 ALMOND MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013-2020 (KT) 63
TABLE 11 NUTRITIONAL COMPOSITION IN RICE MILK 64
TABLE 12 RICE MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 64
TABLE 13 RICE MILK: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013-2020 (KT) 65
TABLE 14 OTHER DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013-2020 (USD MILLION) 65
TABLE 15 OTHER DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013-2020 (KT) 66
TABLE 16 DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION, 2013–2020 (USD MILLION) 68
TABLE 17 PLAIN SWEETENED DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 70
TABLE 18 PLAIN UNSWEETENED DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 70
TABLE 19 FLAVORED SWEETENED DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 71
TABLE 20 FLAVORED UNSWEETENED DAIRY ALTERNATIVES MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 72
TABLE 21 OTHER DAIRY ALTERNATIVE FORMULATIONS MARKET SIZE, BY REGION,
2013–2020 (USD MILLION) 72
TABLE 22 LACTOSE & CALCIUM CONTENT OF COMMON FOODS 74
TABLE 23 DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION, 2013-2020 (USD MILLION) 74
TABLE 24 DAIRY ALTERNATIVES MARKET SIZE FOR FOOD, BY REGION,
2013-2020 (USD MILLION) 75
TABLE 25 DAIRY ALTERNATIVES MARKET SIZE FOR BEVERAGES, BY REGION,
2013–2020 (USD MILLION) 77
TABLE 26 DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 83
TABLE 27 DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013–2020 (KT) 84
TABLE 28 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 86
TABLE 29 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2013–2020 (KT) 86
TABLE 30 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2013–2020 (USD MILLION) 87
TABLE 31 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 87
TABLE 32 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 88
TABLE 33 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013–2020 (KT) 88
TABLE 34 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY, 2013–2020 (USD MILLION) 89
TABLE 35 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY, 2013–2020 (KT) 89
TABLE 36 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK,
BY COUNTRY, 2013–2020 (USD MILLION) 90
TABLE 37 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK,
BY COUNTRY, 2013–2020 (KT) 90
TABLE 38 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY, 2013–2020 (USD MILLION) 91
TABLE 39 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY, 2013–2020 (KT) 91
TABLE 40 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY, 2013–2020 (USD MILLION) 92
TABLE 41 NORTH AMERICA: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY, 2013–2020 (KT) 92
TABLE 42 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 96
TABLE 43 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 96
TABLE 44 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2013–2020 (USD MILLION) 97
TABLE 45 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 97
TABLE 46 EUROPE: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 98
TABLE 47 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY,
2013–2020 (USD MILLION) 98
TABLE 48 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY,
2013–2020 (KT) 99
TABLE 49 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY, 2013–2020 (USD MILLION) 99
TABLE 50 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY, 2013–2020 (KT) 100
TABLE 51 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY,
2013–2020 (USD MILLION) 100
TABLE 52 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY,
2013–2020 (KT) 101
TABLE 53 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY,
2013–2020 (USD MILLION) 101
TABLE 54 EUROPE: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY,
2013–2020 (KT) 102
TABLE 55 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY,
2013–2020 (USD MILLION) 105
TABLE 56 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY COUNTRY, 2013–2020 (KT) 105
TABLE 57 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2013–2020 (USD MILLION) 106
TABLE 58 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 106
TABLE 59 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE,
2013–2020 (USD MILLION) 107
TABLE 60 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013–2020 (KT) 107
TABLE 61 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY, 2013–2020 (USD MILLION) 108
TABLE 62 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY, 2013–2020 (KT) 108
TABLE 63 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY, 2013–2020 (USD MILLION) 109
TABLE 64 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY, 2013–2020 (KT) 109
TABLE 65 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY, 2013–2020 (USD MILLION) 110
TABLE 66 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY, 2013–2020 (KT) 110
TABLE 67 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY, 2013–2020 (USD MILLION) 111
TABLE 68 ASIA-PACIFIC: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY, 2013–2020 (KT) 111
TABLE 69 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 113
TABLE 70 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY REGION, 2013–2020 (KT) 114
TABLE 71 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY FORMULATION,
2013–2020 (USD MILLION) 114
TABLE 72 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY APPLICATION,
2013–2020 (USD MILLION) 115
TABLE 73 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013–2020 (USD MILLION) 115
TABLE 74 ROW: DAIRY ALTERNATIVES MARKET SIZE, BY TYPE, 2013–2020 (KT) 115
TABLE 75 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY,
2013–2020 (USD MILLION) 116
TABLE 76 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR SOY MILK, BY COUNTRY,
2013–2020 (KT) 116
TABLE 77 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY,
2013–2020 (USD MILLION) 117
TABLE 78 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR ALMOND MILK, BY COUNTRY,
2013–2020 (KT) 117
TABLE 79 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY,
2013–2020 (USD MILLION) 118
TABLE 80 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR RICE MILK, BY COUNTRY,
2013–2020 (KT) 118
TABLE 81 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY,
2013–2020 (USD MILLION) 119
TABLE 82 ROW: DAIRY ALTERNATIVES MARKET SIZE FOR OTHERS, BY COUNTRY,
2013–2020 (KT) 119
TABLE 83 NEW PRODUCT LAUNCHES 2011–2012 124
TABLE 84 EXPANSIONS & INVESTMENTS, 2012–2015 125
TABLE 85 ACQUISITIONS, 2013–2014 126
TABLE 86 PARTNERSHIPS & AGREEMENTS, 2012–2014 127
“
“LIST OF FIGURES
FIGURE 1 DAIRY ALTERNATIVES MARKET: RESEARCH DESIGN 19
FIGURE 2 BREAKDOWN OF PRIMARIES 22
FIGURE 3 IMPACT OF KEY FACTORS INFLUENCING THE PARENT INDUSTRY 23
FIGURE 4 POPULATION GROWTH TREND, 1961–2050 (BILLION) 24
FIGURE 5 GLOBAL AVERAGE PRICE OF RAW MATERIALS, 2000–2014 (USD/MT) 26
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 27
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 27
FIGURE 8 ASSUMPTIONS OF THE RESEARCH STUDY 28
FIGURE 9 LIMITATIONS OF THE RESEARCH STUDY 29
FIGURE 10 DAIRY ALTERNATIVES MARKET SNAPSHOT (2015 VS. 2020): SOY MILK PROJECTED TO BE THE LARGEST SEGMENT 31
FIGURE 11 ASIA-PACIFIC DOMINATED THE DAIRY ALTERNATIVES MARKET IN 2014 32
FIGURE 12 ASIA-PACIFIC DAIRY ALTERNATIVES MARKET PROJECTED TO GROW AT
THE HIGHEST RATE 33
FIGURE 13 KEY MARKET PLAYERS ADOPTED NEW PRODUCT LAUNCHES AS KEY STRATEGY DURING 2010-2015 34
FIGURE 14 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN THE DAIRY ALTERNATIVES MARKET 35
FIGURE 15 ALMOND MILK SEGMENT TO GROW AT THE HIGHEST RATE 36
FIGURE 16 SOY MILK SEGMENT ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE
IN ASIA-PACIFIC MARKET IN 2015 37
FIGURE 17 AUSTRALIA IS PROJECTED TO BE THE FASTEST-GROWING COUNTRY-LEVEL MARKET FOR DAIRY ALTERNATIVES 38
FIGURE 18 PLAIN UNSWEETENED DAIRY ALTERNATIVES DOMINATED THE MARKET IN 2014 39
FIGURE 19 EMERGING MARKETS TO GROW FASTER THAN DEVELOPED MARKETS 40
FIGURE 20 FOOD SEGMENT WAS LARGEST IN 2014 41
FIGURE 21 DAIRY ALTERNATIVES MARKET IN ASIA-PACIFIC IS EXPERIENCING HIGH GROWTH 42
FIGURE 22 DAIRY ALTERNATIVES MARKET, BY TYPE 45
FIGURE 23 DAIRY ALTERNATIVES MARKET, BY FORMULATION 46
FIGURE 24 DAIRY ALTERNATIVES MARKET, BY APPLICATION 46
FIGURE 25 GROWING PREFERENCE FOR VEGAN DIET & PLANT-BASED DAIRY ALTERNATIVES DRIVE THE MARKET GROWTH 47
FIGURE 26 SUPPLY CHAIN OF DAIRY ALTERNATIVES MARKET 51
FIGURE 27 PORTER’S FIVE FORCES ANALYSIS 54
FIGURE 28 STRATEGIC BENCHMARKING: KEY MARKET PLAYERS LARGELY ADOPTED NEW PRODUCT LAUNCHES 57
FIGURE 29 SOY MILK DOMINATED THE DAIRY ALTERNATIVES MARKET IN 2014, (USD MILLION) 59
FIGURE 30 PLAIN SWEETENED TO BE THE LARGEST SEGMENT IN DAIRY ALTERNATIVES MARKET (2013-2020) 69
FIGURE 31 RISING CONSUMER AWARENESS AND HEALTH CONCERNS DRIVING THE MARKET FOR DAIRY ALTERNATIVES IN ASIA-PACIFIC 77
FIGURE 32 NORTH AMERICA MARKET SNAPSHOT: U.S. IS THE MOST LUCRATIVE MARKET FOR DAIRY ALTERNATIVES 85
FIGURE 33 EUROPEAN MARKET SNAPSHOT: GROWING CONSUMER CONCERNS FOR HEALTHY LIFESTYLES & INCLINATION TOWARDS VEGAN DIETS DRIVING THE MARKET 94
FIGURE 34 ASIA-PACIFIC MARKET SNAPSHOT: AUSTRALIA IS THE MOST POTENTIAL MARKET FOR DAIRY ALTERNATIVES 103
FIGURE 35 REST OF THE WORLD MARKET SNAPSHOT: LATIN AMERICA IS THE MOST POTENTIAL MARKET FOR DAIRY ALTERNATIVES 112
FIGURE 36 COMPANIES ADOPTED NEW PRODUCT LAUNCHES & EXPANSIONS AS KEY GROWTH STRATEGIES, 2010-2015 120
FIGURE 37 DAIRY ALTERNATIVES MARKET SHARE, BY KEY PLAYER, 2014 121
FIGURE 38 EXPANSIONS & ACQUISITIONS FUELED MARKET GROWTH, 2013-2014 122
FIGURE 39 NEW PRODUCT LAUNCHES: THE KEY GROWTH STRATEGY 123
FIGURE 40 GEOGRAPHIC REVENUE MIX OF KEY MARKET PLAYERS 128
FIGURE 41 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT 129
FIGURE 42 ARCHER DANIELS MIDLAND COMPANY: SWOT ANALYSIS 131
FIGURE 43 THE WHITEWAVE FOODS COMPANY: COMPANY SNAPSHOT 132
FIGURE 44 THE WHITEWAVE FOODS COMPANY: SWOT ANALYSIS 136
FIGURE 45 THE HAIN CELESTIAL GROUP, INC.: COMPANY SNAPSHOT 137
FIGURE 46 THE HAIN CELESTIAL GROUP, INC.: SWOT ANALYSIS 140
FIGURE 47 SANITARIUM HEALTH AND WELLBEING COMPANY: SWOT ANALYSIS 143
FIGURE 48 BLUE DIAMOND GROWERS: COMPANY SNAPSHOT 144
FIGURE 49 BLUE DIAMOND GROWERS: SWOT ANALYSIS 146
FIGURE 50 THE FREEDOM FOODS GROUP LTD.: COMPANY SNAPSHOT 147
FIGURE 51 SUNOPTA INC.: COMPANY SNAPSHOT 149
“
