Latin America Dairy Alternative Market

Latin America Dairy Alternative Market Size, Shared, Trend, Value 2022-2027

El nuevo estudio de Informes de Expertos titulado ‘El Mercado Latinoamericano de Alternativas Vegetales a los Lácteos, Informe y Pronóstico 2022-2027′, ofrece un análisis profundo del mercado, evaluándolo por la fuente, formulación, aplicación, canal de distribución, y las regiones clave. El informe analiza los factores clave de éxito y las limitaciones, también rastrea las últimas tendencias en la industria y estudia su impacto en el mercado en general. Además, evalúa la dinámica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el análisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.

The new report by Informes de Expertos titled, ‘Latin America Dairy Alternative Market Report and Forecast 2022-2027’, gives an in-depth analysis of the market, assessing it based on source, formulation, application, distribution channel, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2021)

  • Forecast CAGR (2022-2027): X%

Consumers in the region are increasingly shifting towards plant-based foods and beverages and dairy-free products due to rising lactose intolerance and milk allergies. Countries like Mexico and Brazil have a high percentage of lactose-intolerant consumers; hence vegan or plant-based options are generating significant interest. Moreover, the emerging trend of veganism coupled with people’s increased knowledge of animal rights is leading to a growing preference for vegan diets, thereby contributing to the growth of the dairy alternative market in Latin America. Additionally, increasing disposable incomes, changing lifestyles, and dietary trends also support the demand for dairy alternatives.

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Industry Definition and Major Segments

By source, the market is segmented in:

  • Soy
  • Almond
  • Rice
  • Coconut
  • Oatmeal
  • Hemp
  • Others

Based on formulation, the industry is classified into:

  • Simple
  • Flavored

By application, the industry is divided into:

  • Milk
  • Ice creams
  • Cheese
  • Yogurt
  • Creamers
  • Others

The distribution channels covered in the report include:

  • Supermarkets and Hypermarkets
  • Convenience stores
  • Health Stores
  • Online
  • Others

Key regions covered include:

  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Others

Market Trends

Key factors driving the growth of the dairy alternative industry in Latin America are the increasing lactose intolerant population and rising allergies or sensitivity to milk and milk products. The industry has grown significantly over the last five years, with almond, soy and coconut products gaining tremendous popularity. The market is also witnessing a growing desire to consume plant-based diets among consumers. Moreover, the escalating number of health-conscious consumers, rising disposable incomes, and the expansion of online selling platforms invigorate the market growth further.

Key Market Players

The major players in the market are:

  • Kerry Inc.
  • Nestlé
  • Danone S.A.
  • The Döhler Group
  • SunOpta Inc.
  • The WhiteWave Foods Company
  • The Hain Celestial Plant Based Milk
  • Daiya Foods Inc
  • Others

This report covers the market shares, expansions, investments and mergers and acquisitions, among other latest developments of these industry players.

About Us:

Informes de Expertos the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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