Global Non Dairy Substitutes for Milk market cagr 10.5%

Non Dairy Substitutes for Milk Market

Non Dairy Substitutes for Milk Market Scope:

Industry Analysis, Market Size, Growth, Trends Till 2031

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Non Dairy Substitutes for Milk Market Size and Growth

The Non Dairy Substitutes for Milk market is experiencing significant growth due to increasing consumer demand for plant-based alternatives. Market size is estimated to reach $21.52 billion by 2026, with key drivers being health concerns and environmental sustainability. Almond milk, soy milk, and oat milk are the leading substitutes in the market. Request

Companies Covered (Covid 19 Impact Covered)

◍ Ripple Foods

◍ Danone

◍ Blue Diamond Growers

◍ Oatly

◍ SunOpta

◍ Califia Farms

◍ VV Group

◍ Dali Group

◍ Noumi

◍ Kikkoman Corporation

◍ Earth’s Own

◍ Coconut Palm Group

◍ Nanguo

◍ Yinlu

◍ Vitasoy

◍ Yili

◍ Mengniu

◍ Ezaki Glico

The non-dairy substitutes for milk market is highly competitive with key players such as Ripple Foods, Danone, Blue Diamond Growers, Oatly, and Califia Farms. These companies offer a variety of plant-based milk alternatives such as almond, oat, soy, and coconut milk, catering to the growing demand for dairy-free options.

- Ripple Foods uses pea protein as a base for their milk substitutes

- Danone offers a range of dairy-free products under their Silk brand

- Oatly specializes in oat-based milk alternatives

- Califia Farms produces almond milk and cold brew coffee made from plant-based ingredients

- SunOpta is a leading supplier of plant-based ingredients to the food and beverage industry

Sales Revenue:

- Danone: $29.4 billion

- SunOpta: $1.24 billion

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- Yinlu: $1.2 billion

Market Segmentation

By Application By Product

◍ Desserts

◍ Bakery

◍ Confectionery

◍ Beverages

◍ Others

◍ Soy Milk

◍ Almond Milk

◍ Rice Milk

◍ Coconut Milk

◍ Oats Milk

◍ Others

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