Global Dairy Alternatives Market Size & Outlook, 2022-2030
The dairy alternatives industry worldwide is expected to reach a projected revenue of US$ 66,907.0 million by 2030. A compound annual growth rate of 12.5% is expected of the worldwide dairy alternatives industry from 2023 to 2030.
Revenue, 2022 (US$M)
$26,007.6
Forecast, 2030 (US$M)
$66,907.0
CAGR, 2023 - 2030
12.5%
Report Coverage
Worldwide
Global dairy alternatives market, 2017-2030 (US$M)
Related Markets
Global dairy alternatives market highlights
- The global dairy alternatives market generated a revenue of USD 26,007.6 million in 2022 and is expected to reach USD 66,907.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 12.5% by 2030.
- In terms of segment, soy accounted for a revenue of USD 9,182.4 million in 2022.
- Almond is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Italy is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 26,007.6 million |
| Market revenue in 2030 | USD 66,907.0 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Almond |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Almond, Coconut, Rice, Oats |
Other key industry trends
- In terms of revenue, the North America accounted for 26.7% of the global dairy alternatives market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 868.8 million by 2030.
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Dairy Alternatives Market Scope
Dairy alternatives market segmentation & scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global dairy alternatives market size, by regions, 2017-2030 (US$M)
Top 10 countries: Dairy alternatives market size, 2022 (US$M)
Global dairy alternatives market share, by source, 2022 & 2030 (%, US$M)
Dairy alternatives market: Opportunity assessment by country
Global dairy alternatives market, by region, 2022 (US$M)
Related regional statistics
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