GLOBAL NON-DAIRY BEVERAGES MARKET TRENDS 2020 · 2019. 12. 20. · Market Overview •Global Dairy...

GLOBAL

NON-DAIRY BEVERAGES

MARKET TRENDS 2020

INDUSTRY

INSIGHT

INDUSTRY INSIGHT

Market Overview

• Global Dairy Alternative Products Market is

forecasted to reach USD 23.35 billion growing at a

CAGR1 of 9.85% during the forecast period (2019 -

2024).

• Rising consumer demand on nutritional values

offered by dairy substitutes is likely to have a

positive impact on the non-dairy beverage market.

• The dairy alternatives market is growing due to an

increase in consumer health consciousness,

growing lactose intolerance, and consumer

preference for a vegan diet.

Source: Mordor Intelligence, 20191Compound Annual Growth Rate

INDUSTRY INSIGHT

Asia-Pacific to Dominate the Global Market

• Asia-Pacific was the largest geographical segment of the market studied.

• The rise of health and wellness trend in Asia-Pacific has convey the issue of food intolerances

and allergies to the forefront of modern consumers’ minds, boosting the consumption of dairy

alternative products.

• Consumers of plant-based protein in Asia-Pacific have adopted a dairy-free diet to improve their

health and well-being, as plant-based diets can not only help curb obesity, stroke, and heart

disease, prevent a variety of cancers, reduce cholesterol and arthritis pain, but also lower blood

sugar, and increase energy and mental clarity.

Source: Mordor Intelligence, 2019

Dairy Alternative Products Market: Growth Rate,

by Region, Global, 2019 – 2024

INDUSTRY INSIGHT


MARKET

SEGMENTATION

BY TYPES

MARKET SEGMENTATION

BY TYPES

Non-Dairy BeveragesBy types

Dairy free beverages include

• Soy milk, almond milk, coconut milk, rice milk,

and other types

The other beverages include

• Cashew milk, pea milk, oat milk, hemp milk


KEY

MARKET TRENDS

KEY MARKET TRENDS

SustainabilityMore than just unique nutritional

profile

• Each variety of non-dairy milk offers a

distinctive nutritional profile, along with a wide

range of values for protein, carbohydrates,

healthy fats, vitamins and minerals.

• More importantly, other than nutritional profile,

words like “sustainable”, “green”, and “eco”

even leafy packaging or other marketing

materials tend to bombard attentions of

consumers every single day.

• With advertising messages, this could drives

the consumption of dairy alternatives in the

market, which are usually being positioned as

sustainable products across the retail shelves.


Plant-based

• The most vital factor associated with the

increased popularity of plant-based milk is its

production process, that is free of animal

cruelty.

• Moreover, plants are less expensive to grow -

plants such as hemp, flex, cashew, almond,

and soy used to produce milk require less

manpower, less maintenance, water, and

space.

• On the other hand, non-dairy milks provide

hormones and antibiotic-free products, which

has been helping health-conscious people

maintain their diet preferences.

• The changing consumer lifestyles owing to the

growing health concerns among people about

diabetes and obesity are thus slated to

enhance plant milk market size.

KEY MARKET TRENDS

Source: New Nutrition Business, 2019; Market Watch, 2019b

Healthier Diets: Natural

and Organic• The modern generation is becoming more

interested in pursuing a healthy lifestyle.

• The increasing focus on health concerns

such as cholesterol, weight management,

chronic heart diseases, and others is fueling

the adoption of dairy-free products in the

APAC market.

• Natural and organic food is driving the need

for dairy-free products in the North American

market.

KEY MARKET TRENDS

Source: Report Buyer, 2019

Focus on Nutritional

Values

Low calories, high proteins & vitamins

• Rising consumer focus on nutritional values

such as low calories, contains no artificial

ingredients, and protein-rich and vitamins

offered by milk substitutes or dairy analogs are

likely to have a positive impact on the market.

• These products can be fortified with vitamin D,

calcium, and DHA, which supplements their

nutritional values.

• Increasing consumer knowledge about milk

analogs is anticipated to fuel market growth.

KEY MARKET TRENDS

Source: Grand View Research, 2019

Plain and Unsweetened

• The plain unsweetened formulation is

anticipated to dominate the market due to the

growing demand for unsweetened food

items.

• The plain formulation is expected to have a

growth of 12.2% during the forecast period

accounting for more than 70% of the market

in 2018.

• Rising demand for the plain/unflavoured type

of dairy alternatives like soy milk, almond

milk, and rice milk among others is estimated

to fuel the market growth.

KEY MARKET TRENDS

Source: Reports and Data, 2019; Market Watch, 2019a

MARKET

EXAMPLES

Sustainability

So Delicious Dairy-Free Organic

Unsweetened Almond Cashew Milk

MARKET EXAMPLES

Blue Diamond Vegan Almond Milk

Vanilla Flavour

Sustainability

Silk Organic Unsweetened Soymilk

MARKET EXAMPLES

Silk OAT YEAH Oat Milk

Sustainability

Pacific Foods Organic Select Soy

Vanilla Flavour

MARKET EXAMPLES

Elmhurst Unsweetened

Almond Milk

MARKET EXAMPLES

Plant-based

Living Harvest Unsweetened Original Hemp Milk

An Excellent Source of Omega 3+6, Calcium, Vitamin

B12 & Vitamin D

Gluten Free, Soy Free, Non-GMO

Ingredients: Hemp Nut Base [Filtered Water, Hemp

Nut (Shelled Hemp Seed)], Vanilla Extract,

Sunflower Lecithin, Tri-Calcium Phosphate,

Gellan Gum, Sea Salt, Vitamin A Palmitate,

Vitamin D2, Riboflavin, Vitamin B12.

MARKET EXAMPLES

Rude Health Tiger Nut Drink

Gluten Free, Without Thickeners, Dairy Free, No Added Sugar

Ingredients: Spring Water, Organic Rice, Organic Tiger Nuts

(6%), Sea Salt.

Plant-based

Mariani Walnut Milk

50% More Calcium than Typical Dairy Milk

45 Calories Per 8oz Serving

Walnuts are a significant source of ALA, a plant-

based omega-3 fatty acid that has been found to

benefit heart health.

Ingredients for Original Flavour: Walnut Milk

(Water, Walnuts), Cane Sugar, Contains 1% or

less of the following: Calcium Carbonate,

Tapioca Starch, Sea Salt, Sunflower Lecithin (an

Emulsifier), Dipotassium Phosphate, Natural

Flavour, Gellan Gum, Organic Locust Bean

Gum, Vitamin Blend (dl-Alpha-Tocopheryl

Acetate, Ergocalciferol, Vitamin A Palmitate),

Almond Butter (Almonds).

MARKET EXAMPLES

Varieties: Original, Unsweetened and Vanilla

Plant-based

MARKET EXAMPLES

So Delicious Dairy Free Unsweetened Cashew Milk

Certified Vegan

Non-GMO Project Verified

No Artificial Flavours, Colours, or Sweeteners

Cholesterol Free

Ingredients: Cashew Milk (Water, Cashews), Non-

GMO Canola Oil, Calcium Phosphate, Magnesium

Phosphate, Locust Bean Gum, Gellan Gum, Guar

Gum, Vitamin A Acetate, Sea Salt, Vitamin D-2, L-

Selenomethionine (Selenium), Zinc Oxide, Folic Acid,

Vitamin B-12.

Plant-based

OATH Organic Oat Milk with Almond and/or

Pumpkin Seed Protein

Organic

Vegan

Kosher

Dairy-Free, Gluten-Free

Non-GMO, No Gums, No Soy

Ingredients: Oat Milk (Purified Water, Organic

Oats), Natural Mixed Tocopherols, Organic

Almond Protein, Organic Pumpkin Seed

Protein, Organic Apple Extract, Organic Panela,

Organic Rose Water, Organic Vanilla Extract,

Organic Cardamom, Organic Fennel, Organic

Cinnamon, Organic Black Pepper, Organic

Nutmeg, Himalayan Pink Salt, Organic Saffron.

Varieties: Indian Rose, Matcha Chai, Golden

Turmeric, Double Chocolate

MARKET EXAMPLES

Plant-based

MARKET EXAMPLES

Innocent Dairy Free Hazelnut Milk

Naturally dairy & lactose free

No additives, no stabilisers, no funny business

A source of vitamin E

Suitable for vegetarians & vegans

Ingredients: Roasted Hazelnuts, Spring Water, Rice and a

touch of Sea Salt.

Plant-based

MARKET EXAMPLES

Pacific Natural Rice Milk Vanilla Flavour

A refreshing alternative to dairy, our rice beverage is naturally

sweet with no added sugar. As great on its own as it is in

recipes.

Ingredients: Filtered Water, Brown Rice, Expeller Pressed

Canola Oil, Natural Vanilla Flavour with other Natural

Flavours, Tricalcium Phosphate, Sea Salt, Guar Gum,

Xanthan Gum, Carob Bean Gum, Carrageenan, Vitamin A

Palmitate, Vitamin D2.

Plant-based

MARKET EXAMPLES

Varieties: Original, Unsweetened Original, Vanilla,

Unsweetened Vanilla, Chocolate

Ripple Nutritious Pea Milk

Ingredients for Original Flavour: Water, Ripptein® (Water, Pea Protein), Cane Sugar, Sunflower Oil,

Contains less than 1% of Vitamin A Palmitate, Vitamin D2, Vitamin B12, Tricalcium Phosphate,

Dipotassium Phosphate, Sunflower Lecithin, Natural Flavour, Sea Salt, Guar Gum, Gellan Gum.

Plant-based

Healthier Diets: Natural and Organic

MARKET EXAMPLES

Gobeyond Organic Flax Hemp Milk

Ingredients: Organic Flax/Hemp Cream (Filtered Water,

Organic Flax Oil, Organic Hemp Oil), Organic Brown

Rice Solids, Organic Brown Rice Syrup, Organic

Tapioca, Non-GMO Sunflower Lecithin, Himalayan

Salt, Organic Guar Gum, Xanthan Gum, Organic

Vanilla Extract, Organic Stevia.

Kirkland Organic Rice Milk Original

Certified USDA Organic

Gluten Free

Dairy, Lactose, Soy Free

Cholesterol Free

Ingredients: Filtered Water, Partially Milled Organic

Brown Rice, Organic Expeller Pressed Sunflower Oil

and/or Organic Expeller Pressed Safflower,

Tricalcium Phosphate, Sea Salt, Vitamin A

Palmitate, Vitamin D2, Vitamin B12, Folic Acid.


MARKET EXAMPLES

Forager Project Organic Creamy Unsweetened Cashew Milk

Made with Organic Cashews & Vanilla

Pure cashew milk made from real ingredients, a perfect part of

your daily ritual.

Certified organic by CCOF

Ingredients: Cashew Milk (Filtered Water, Cashews), Vanilla

Extract, Fenugreek, Konjac, Sea Salt.


MARKET EXAMPLES

Koita Non-GMO Soy Milk

Great Tasting, Non-GMO Soy Milk

Certified Organic

No Added Preservatives

Added Calcium

Added Vitamins B2, B12 and D2

Ingredients: Water, Soy Seeds (7.5%), Brown Sugar, Calcium

from Seaweed, Sea Salt, Stabilizer: E418 (Gellan Gum),

Emulsifier: E471 (Mono-and Diglycerides of Fatty Acids from

Palm Oil), Natural Identical Flavours (Cream), Acidity

Regulator: E340 (Potassium Dihydrogen Phosphate),

Vitamin B2, Vitamin B12, Vitamin D2.


MARKET EXAMPLES

Trader Joe's Organic Rice Drink

Enriched with Vitamins A, D, B12, and Calcium

Gluten Free

Lactose and Soy Free

Low Sodium

Vegan

Ingredients: Filtered Water, Organic Brown Rice (Partially

Milled), Organic Expeller Pressed Safflower Oil and/or

Sunflower Oil and/or Canola Oil, Tricalcium Phosphate,

Sea Salt, Vitamin A Palmitate, Vitamin D2, Vitamin B12.


MARKET EXAMPLES

Australia’s Own Unsweetened Coconut Milk

The perfect option if you are looking for a dairy free or

lactose free plant-based substitute.

Contains no added sugar and is free from soy, gluten

and lactose.

Best of all, it is endorsed with the Australian Certified

Organic Bud Logo to ensure consumers of its organic

authenticity.

Ingredients: Filtered Australian Water, Organic

Coconut Cream (7.5%), Salt, Stabiliser (Locust Bean

Gum, Sodium Alginate, Guar Gum).


MARKET EXAMPLES

Qwrkee Pea M’lk

Source of Omega 3

8g Protein Per Serving

Source of Fibre

Ingredients for Unsweetened Flavour: Water, Pea

Protein, Rapeseed Oil, Maltodextrin, Inulin, Natural

Flavour, Sunflower Lecithin, Sea Salt, Gellan Gum,

Vitamins & Minerals : Tricalcium Phosphate,

Potassium Iodide, Iron (II)-L-2-Hydroxy-Proportionate,

Vitamin B2, D2, B12, A.

Focus on Nutritional Values

MARKET EXAMPLES


Bolthouse Farm Non-Dairy Plant Protein

Milk

10g Pea Protein Per Serving

50% More Calcium than Traditional Dairy Milk

Ingredients for Original Flavour: Water, Pea

Protein, Contains less than 2% of Cane

Sugar, Sunflower Oil, Sea Salt, Sunflower

Lecithin, Natural Flavours, Gellan Gum,

Carob Bean Gum, Tricalcium Phosphate,

Vitamin A Palmitate, Vitamin D2, Vitamin E

(D-Alpha-Tocopheryl), Vitamin B12,

Dipotassium Phosphate.

MARKET EXAMPLES

Varieties: Vanilla, Unsweetened, Original, Chocolate


Manitoba Harvest Organic Hemp Bliss

Each 250ml serving (1 cup) contains 4g of

omega-3 and omega-6 and 2g of protein

Ingredients for Vanilla Flavour: Organic

Hemp Base (Filtered Water, Organic Shelled

Hemp Seed), Organic Evaporated Cane

Juice, Organic Hemp Oil, Tri-Calcium

Phosphate, Organic Vanilla Flavour, Sea

Salt, Organic Gum Acadia, Organic Guar

Gum, Xanthan Gum.

MARKET EXAMPLES

Varieties: Unsweetened Original, Original, Vanilla

Wholesome Pantry Unsweetened Original Almond

Milk

Excellent Source of Calcium & Vitamin D

Rich in Antioxidants and Added Vitamins & Minerals

Ingredients: Almond Milk (Filtered Water, Almonds),

Tricalcium Phosphate, Sea Salt, Gellan Gum,

Dipotassium Phosphate, Xanthan Gum, Sunflower

Lecithin, Vitamin A Palmitate, Vitamin D2, D-Alpha

Tocopherol (Natural Vitamin E).

MARKET EXAMPLES


Silk Unsweetened Almond Coconut Blend

Get best of both oh-so-mmm-almond and craveable coconut —

without added sugar

35 Calories Per Serving

Excellent Source of Calcium and Antioxidant Vitamin E

Low in Saturated Fat

Free from Dairy, Gluten, Carrageenan, Cholesterol, and Artificial

Colours & Flavours

Verified by the Non-GMO Project’s Product Verification Program

Ingredients: Almond Milk (Filtered Water, Almonds), Coconut Milk

(Filtered Water, Coconut Cream), Contains 2% or less of: Vitamin

And Mineral Blend (Calcium Carbonate, Vitamin E Acetate,

Vitamin A Palmitate, Vitamin D2), Sea Salt, Natural Flavour,

Sunflower Lecithin, Locust Bean Gum, Gellan Gum.


MARKET EXAMPLES

YoFiit Miylk10


YoFiit creates the first plant-based milk substitute using

chickpeas, peas and vegan omega 3 oil, boasting 10 g of

protein & 1000 mg of omega 3.

Scientifically formulated so that it does not contain any of

the stuff consumers no longer want such as carrageenan,

sugar or any extra gums.

Ingredients: Chickpea Base (Water, Organic Ground

Chickpea), Non-GMO Pea Protein, Organic Flax Seed Oil,

Calcium, Natural Flavour.


MARKET EXAMPLES


Good Karma Unsweetened Flax Milk

This unsweetened flax milk is as creamy and versatile as

the original with no sugar added and only 25 calories!

1,200mg of Omega-3s Per Serving

Ingredients: Flax Milk (Filtered Water, Cold Pressed

Organic Flax Oil), Tapioca Starch, Tricalcium

Phosphate, Sunflower Lecithin, Natural Flavours, Sea

Salt, Gellan Gum, Xanthan Gum, Vitamin A Palmitate,

Vitamin D2, Vitamin B12.

MARKET EXAMPLES

Mighty Society Unsweetened Pea Milk

A deliciously smooth & creamy dairy free alternative to

milk made from yellow split peas & packed with

nutrients.

No Dairy, Nuts or Soy

8g of Plant Protein

50% More Calcium than Cow's Milk

No Added Sugar

Ingredients: Water, Pea Protein (4.1%), Sunflower

Oil, Calcium Carbonate, Tapioca Starch, Natural

Flavouring, Emulsifier (Sunflower Lecithin),

Stabiliser (Gellan Gum), Sea Salt, Acidity Regulator

(Potassium Carbonate), Vitamins (D, B12).

MARKET EXAMPLES


Rebel Kitchen Semi Skimmed Mylk

Bold Taste - fewer ingredients, nothing added

Big Ethics - always organic, responsibly sourced and

produced

Organic

Dairy, Gluten & Soya Free

Non-GMO

No Refined Sugar, Additives or Preservatives

Suitable for Vegans

Ingredients: Spring Water, Coconut Cream*, Brown

Rice*, Cashew*, Himalayan Salt, Nutritional Yeast,

*Organic.


MARKET EXAMPLES


MARKET EXAMPLES

Eden Foods Organic Unsweetened EdenSoy® Soymilk

Highest in Whole Soy Protein of All Soymilk - 12g Per Serving

4.5g of Essential Fatty Acids (EFAs) - Omega 3, 6 & 9

Edensoy remains the only U.S.A. soymilk that is properly

prepared to nurture human beings.

Ingredients: Reverse Osmosis Purified Water and Organic

Soybeans

365 Everyday Value Organic Unsweetened Soy Milk

With no added cane juice or sweeteners, only natural flavours are

used for a deliciously smooth taste.

Excellent Source of Calcium, Vitamins B12 & D

Good Source of Vitamin A

Low Sodium, Carrageenan Free, Non-Dairy & Lactose free

Certified Organic, Certified Kosher, Certified Vegan

Ingredients: Organic Soymilk (Filtered Water, Organic

Soybeans), Calcium Carbonate, Sea Salt, Organic Natural

Flavour, Gellan Gum, Organic Locust Bean Gum, Vitamin A

Palmitate, Ergocalciferol (Vitamin D2), Riboflavin (Vitamin B2),

Cyanocobalamin (Vitamin B12).

MARKET EXAMPLES


Blue Diamond Unsweetened Almond Cashew Milk

Delicious by the glass, in smoothies, and in your favourite

recipes


Calcium Enriched

Ingredients: Almond Milk (Filtered Water, Almonds),

Cashew Milk (Filtered Water, Cashews), Calcium

Carbonate, Sea Salt, Guar Gum, Potassium Citrate,

Natural Flavours, Sunflower Lecithin, Gellan Gum,

Vitamin A Palmitate, Vitamin D2, D-Alpha-Tocopherol

(Natural Vitamin E).


MARKET EXAMPLES

GLOBAL NON-DAIRY BEVERAGES

MARKET TRENDS 2020

References

Grand View Research. (2019). Dairy Alternatives Market Size, Share & Trends Analysis Report By

Product (Soy Milk, Almond Milk, Rice Milk), By Formulation (Plain, Flavored), By Application (Food,

Beverages), And Segment Forecasts, 2019 – 2025, Industry Report.

Market Watch. (2019a). Global Dairy Alternatives Market: Trends, Demand, Production, Sales,

Supply, Analysis & Forecast to 2023, Industry Report.

Market Watch. (2019b). Plant Milk Market 2019-2024 Size Share, Growth Forecast- Global Industry

Outlook, Industry Report.

Mordor Intelligence. (2019). Dairy Alternative Products Market – Growth, Trends, and Forecast

(2019 – 2024), Industry Report.

New Nutrition Business. (2019). 10 Key Trends in Food, Nutrition & Health 2020, Industry Report.

Reports and Data. (2019). Dairy Alternatives Market By Product Type (Soy Milk, Almond Milk,

Coconut Milk, Rice Milk, Oat Milk, Hemp Milk, and Others), By Formulation, By Application, By

Distribution Channel And Segment Forecasts, 2016-2026, Industry Report.

Report Buyer. (2019). Non-Dairy Milk Market - Global Outlook and Forecast 2019-2024, Industry

Report.

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GLOBAL NON-DAIRY BEVERAGES MARKET TRENDS 2020 · 2019. 12. 20. · Market Overview •Global Dairy...

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