Middle East and Africa Dairy Alternatives Market Outlook
According to a new report by Expert Market Research titled, “Middle East and Africa Dairy Alternatives Market Trends, Share, Size, Analysis, Report and Forecast 2024-2032″, the Middle East and Africa dairy alternatives market reached a value of USD 1.05 billion in 2023. Aided by the increasing lactose intolerance among the population and a surge in veganism, the market is projected to further grow at a CAGR of 12.1% between 2024 and 2032 to reach a value of USD 2.07 billion by 2032.
Dairy alternatives, such as almond milk, soy milk, oat milk, and rice milk, among others, have gained immense popularity in recent years. These products are not only consumed by lactose-intolerant individuals but also by those seeking diverse nutritional profiles in their diets. Moreover, they offer a spectrum of health benefits, such as reduced cholesterol levels and lower risk of heart diseases, which are additional driving factors for their increased adoption.
The rise in health-conscious consumers in the MEA region, combined with a growing understanding of dairy-related allergies and intolerance, has significantly accelerated the Middle East and Africa dairy alternatives market growth. Urban areas, in particular, are witnessing higher demand due to increased exposure to global food trends, higher purchasing power, and better availability of such products. Additionally, the younger generation’s influence, which often leans towards sustainability and veganism, has further spurred the demand for dairy alternatives.
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Apart from these health and lifestyle-driven reasons, the market in MEA has found its thrust through innovation. Manufacturers have been introducing a range of products with varying flavours, fortified nutrients, and longer shelf lives. The food and beverage industry, especially cafes and restaurants, has begun offering diverse menus incorporating these dairy substitutes to cater to a broader audience, fuelling the Middle East and Africa dairy alternatives market demand.
In the industrial segment, dairy alternatives have made their mark too. For instance, soy and almond milk have become key ingredients in the formulation of various desserts, baked goods, and even certain beverages, replacing traditional dairy milk. This industrial adoption not only provides variety to consumers but also ensures those with dietary restrictions have ample choices, propelling the Middle East and Africa dairy alternatives market expansion.
Furthermore, to ensure the market’s consistent growth, it’s crucial for manufacturers and suppliers to invest in awareness campaigns. Educating the consumers about the benefits of dairy alternatives, coupled with product sampling, can lead to higher product adoption. Collaborations with nutritionists and dieticians, endorsements by celebrities, and strategic marketing campaigns can further uplift the visibility of Middle East and Africa dairy alternatives market.
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Middle East and Africa Dairy Alternatives Market Segmentation
The market can be divided based on source, product, distribution channel, and country.
Market Breakup by Source
- Soy
- Almond
- Rice
- Oats
- Others
Market Breakup by Product
- Milk
- Yoghurt
- Cheese
- Ice-cream
- Creamers
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Market Breakup by Country
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Middle East and Africa dairy alternatives market. Some of the major players explored in the report by Expert Market Research are as follows:
- Danone S.A.
- Nestlé S.A.
- Blue Diamond Growers
- Oatly AB
- Freakin Healthy
- Kite Hill
- Califia Farms, LLC
- BetterBody Foods
- Archer Daniels Midland Company
- Daiya Foods Inc.
- ButtaNutt
- Okja South Africa (Pty) Ltd.
- Others
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