The Europe dairy alternatives market is expected to grow from US$ 5,264.35 million in 2022 to US$ 9,597.79 million by 2028. It is estimated to grow at a CAGR of 10.5% from 2022 to 2028.
The vegan population has seen substantial growth in recent years. According to Veganuary—a non-profit organization that promotes going vegan for the month of January—over 620,000 people signed up for its 2022 campaign, marking a 200% increase in registrations over the past three years. This surge reflects a growing shift toward veganism, largely driven by increasing concerns about health and environmental sustainability.
The livestock industry remains a major contributor to human-caused greenhouse gas emissions, with the dairy sector alone accounting for approximately 30% of total emissions from livestock. Numerous studies suggest that adopting a vegan diet can significantly reduce carbon dioxide emissions, prompting more people to reconsider their food choices.
Environmental awareness continues to rise, and many organizations now advocate veganism as a way to combat the climate crisis. Plant-based dairy alternatives are gaining popularity because they help lower carbon footprints, conserve water and natural resources, and reduce environmental damage. As a result, consumer demand for plant-based dairy and meat products is rapidly increasing, fueling the growth of the Europe dairy alternatives market.
Health consciousness is another key driver behind this trend. With rising rates of obesity, diabetes, and other chronic health conditions, more people are adopting plant-based diets in pursuit of better health. Plant-based products are generally perceived as healthier than animal-based ones, leading health-conscious consumers to increasingly substitute traditional dairy with plant-based options.
To tap into this expanding Europe dairy alternatives market, vendors are introducing new features and innovations tailored to emerging consumer preferences. This growing consumer demand, coupled with product innovation, is expected to drive the dairy alternatives market in Europe at a promising compound annual growth rate (CAGR) over the forecast period.
Europe Dairy Alternatives Market Segmentation
Europe dairy alternatives market By Product Type:
- Milk (Dominated the market in 2022)
- Ice Cream
- Yogurt
- Cheese
- Others
Europe dairy alternatives market By Source:
- Soy
- Almond (Dominated the market in 2022)
- Coconut
- Oats
- Others
Europe dairy alternatives market By Distribution Channel:
- Supermarkets & Hypermarkets (Dominated the market in 2022)
- Convenience Stores
- Online Retail
- Others
Europe dairy alternatives market By Country:
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe (Dominated the market in 2022)
Leading Companies in the Europe Dairy Alternatives Market:
- Blue Diamond Growers
- Califia Farms, LLC
- Danone S.A.
- Nestlé SA
- Oatly Inc.
- Valio Ltd
- Valsoia S.p.A.
Europe dairy alternatives market Strategic Insights
Strategic insights for the Europe Dairy Alternatives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe dairy alternatives market Regional Insights
The geographic scope of the Europe Dairy Alternatives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
