UK Dairy Alternatives Market Size & Outlook, 2022-2030
UK dairy alternatives market, 2017-2030 (US$M)
Related Markets
UK dairy alternatives market highlights
- The UK dairy alternatives market generated a revenue of USD 706.4 million in 2022 and is expected to reach USD 1,674.4 million by 2030.
- The UK market is expected to grow at a CAGR of 11.4% 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 706.4 million |
| Market revenue in 2030 | USD 1,674.4 million |
| Growth rate | 11.4% (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, UK accounted for 2.7% 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 35.31% in 2022. Horizon Databook has segmented the UK dairy alternatives market based on soy, almond, coconut, rice, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Plant milk is no longer fringe, more than 1 in 10 Pret-a-manager’s hot drinks are served using dairy alternatives especially using organic rice-coconut milk and soya milk in the UK. The reputation of milk as a healthy food is in danger on account of the rising demand for bovine antibiotics, increasing awareness about animal cruelty as well as an increase in the diagnosis of lactose intolerance which has created opportunities for the dairy alternatives’ manufacturers in the recent past.
In Britain, more than 25% of people are opting for plant-based milks and the percentage is much higher in other age groups which are expected to increase further over the forecast period. The UK is one of the significant markets for dairy alternatives. It is projected to grow over the forecast period on account of declining cow milk consumption and increasing demand for dairy-free milk such as Soymilk, rice milk, and almond milk.
The country is one of the largest markets for chilled soymilk and is anticipated to witness a significant growth owing to rising popularity of chilled soymilk as a fresh alternative for dairy milk. Rising popularity of plant-based milk, which are considered to be healthy, coupled with the shift in preference toward non-dairy products is likely to drive the market growth over the forecast period.
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Dairy Alternatives Market Scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK dairy alternatives market size, by source, 2017-2030 (US$M)
UK Dairy Alternatives Market Outlook Share, 2022 & 2030 (US$M)
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