Middle East & Africa Dairy Alternatives Market Size & Outlook
Middle East & Africa dairy alternatives market, 2017-2030 (US$M)
Related Markets
MEA dairy alternatives market highlights
- The MEA dairy alternatives market generated a revenue of USD 837.5 million in 2022.
- The market is expected to grow at a CAGR of 12.9% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 837.5 million |
| Market revenue in 2030 | USD 2,207.9 million |
| Growth rate | 12.9% (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 |
| 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, MEA region accounted for 3.2% of the global dairy alternatives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,847.7 million by 2030.
Soy was the largest segment with a revenue share of 38.13% in 2022. Horizon Databook has segmented the Middle East & Africa dairy alternatives market based on soy, almond, coconut, rice, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Dairy alternatives market in the Middle East and Africa is expected to witness significant growth over the forecast years, mainly owing to increasing consumer awareness regarding the product benefits and rising demand for plant-derived products. Saudi Arabia is expected to be a major market for the product owing to the growing population and the increasing disposable income of consumers.
However, the growing dairy industry in the region is expected to hinder the market growth of dairy alternatives over the forecast period. Saudia Dairy and Foodstuff Company (SADAFCO) based in Saudi Arabia offers soymilk products under the brand name SAUDIA Soy Drink.
Almond plants are native to the Middle East region. Thus, the growing demand for almond milk in the region owing to its better taste, nutritional values, and texture as compared to its dairy and non-dairy counterparts is expected to have a positive impact on the industry growth over the forecast period.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Dairy Alternatives Market Scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA dairy alternatives market size, by country, 2017-2030 (US$M)
Middle East & Africa Dairy Alternatives Market Outlook Share, 2022 & 2030 (US$M)
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