France Dairy Alternatives Market Size & Outlook, 2022-2030
France dairy alternatives market, 2017-2030 (US$M)
Related Markets
France dairy alternatives market highlights
- The France dairy alternatives market generated a revenue of USD 298.1 million in 2022 and is expected to reach USD 655.7 million by 2030.
- The France market is expected to grow at a CAGR of 10.4% from 2023 to 2030.
- In terms of segment, soy was the largest revenue generating source in 2022.
- Almond is the most lucrative source segment registering the fastest growth during the forecast period.
Dairy alternatives market data book summary
| Market revenue in 2022 | USD 298.1 million |
| Market revenue in 2030 | USD 655.7 million |
| Growth rate | 10.4% (CAGR from 2022 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Almond |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Almond, Coconut, Rice, Oats |
| Key market players worldwide | Archer-Daniels Midland Co, Danone SA, The Hain Celestial Group Inc, Otsuka Pharmaceutical, SunOpta Inc, Oatly Group AB ADR, Blue Diamond Growers, CP Kelco, Vitasoy International Holdings Ltd, Eden Foods, Earth's Own, Freedom Foods Group, Organic Valley, Living Harvest Foods |
Other key industry trends
- In terms of revenue, France accounted for 1.1% of the global dairy alternatives market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany dairy alternatives market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 2,037.3 million by 2030.
Soy was the largest segment with a revenue share of 37.74% in 2022. Horizon Databook has segmented the France dairy alternatives market based on soy, almond, coconut, rice, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Plant-based milks are easily available in France, ranging from well-known brands such as Bjorg, Sojasun, and Alpro to the own-brand images of supermarkets, discount stores, and small grocery stores. The demand for dairy alternatives has seen exponential growth in the recent past on account of product innovations, changing consumer trends and increasing awareness about the environment.
However, the ban on the usage of words like ‘milk’ and ‘meat’ on vegan food labels by the French government is expected to restrict the dairy alternatives market growth over the coming years. Shift of milk allergic as well as non-allergic food consumers for nutritious and tasty beverages based on soy, almond, and rice is likely to propel the market growth over the forecast period.
In France, the recent growing incidences of milk allergies among consumers is expected to drive the demand for dairy alternatives over the forecast period. Increasing demand for soy-based beverages owing to nutritional benefits such as low risk of cholesterol, and obesity is anticipated to drive the market growth.
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Dairy Alternatives Market Scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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France dairy alternatives market size, by source, 2017-2030 (US$M)
France Dairy Alternatives Market Outlook Share, 2022 & 2030 (US$M)
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