Germany Dairy Alternatives Market Size & Outlook
Germany dairy alternatives market, 2017-2030 (US$M)
Related Markets
Germany dairy alternatives market highlights
- The Germany dairy alternatives market generated a revenue of USD 1,078.9 million in 2022 and is expected to reach USD 2,468.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 10.9% 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 1,078.9 million |
| Market revenue in 2030 | USD 2,468.2 million |
| Growth rate | 10.9% (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, Germany accounted for 4.1% 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 36.5% in 2022. Horizon Databook has segmented the Germany dairy alternatives market based on soy, almond, coconut, rice, oats covering the revenue growth of each sub-segment from 2017 to 2030.
More than 20% of the Germans said they are in favor of paying premium prices for non-dairy ice creams. Responding to strong consumer demand, the share of dairy alternative launches has increased significantly in the recent past owing to the rise in the number of patients of lactose intolerance.
In addition, the launch activity in diary alternative desserts is increasingly shifting from soy-based beverages to other dairy alternatives such as coconut, almond, and rice as soy’s image has suffered enormously on account of its negative associations related to both environment and health.
Germany is one of the key markets for dairy alternatives and is expected to grow at a significant rate owing to rising demand for plant-based products from consumers. Growing health concerns have led to changing consumer preferences toward lactose-free, low-fat, and plain soy-based products in the region.
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Dairy Alternatives Market Scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany dairy alternatives market size, by source, 2017-2030 (US$M)
Germany Dairy Alternatives Market Outlook Share, 2022 & 2030 (US$M)
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