Market Forecast By Source (Soy, Almond, Coconut, Oats, Rice, Hemp), By Application (Milk, Yogurt, Ice creams, Cheese, Creamers), By Distribution Channel (Supermarkets, Health Food Stores, Pharmacies) And Competitive Landscape
Product Code: ETC4537609 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | South Africa Dairy Alternatives Market |
Forecast period | 2025-2031 |
CAGR | 10.5% |
Growing Sector | Beverages |
The South Africa Dairy Alternatives Market report thoroughly covers the market By Source, By Application and By Distribution Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The dairy alternatives market in South Africa has been steadily growing over the past few years, with a significant increase in demand for plant-based milk and other products. This growth can be attributed to various factors such as changing consumer preferences, health concerns, and environmental consciousness. Dairy alternatives are gaining traction in South Africa, but still face obstacles such as high prices and limited availability. Government initiatives promoting the consumption of plant-based products, and increasing availability of dairy alternative options in the market.
According to 6Wresearch, South Africa Dairy Alternatives Market size is expected to grow at a significant CAGR of 10.5% during the forecast period 2025-2031. The South Africa dairy alternatives market is primarily dominated by plant-based milk substitutes such as soy milk, almond milk, coconut milk, and rice milk. However, other dairy alternative products such as yogurt, cheese, and ice cream are also gaining popularity among consumers. These products are made from various plant-based sources such as soy, almonds, coconuts, oats, and cashews. The market is driven by a growing number of health-conscious consumers who are turning to dairy alternatives due to lactose intolerance or allergies. Additionally, the rise in vegan and plant-based diets is also contributing to the growth of this market. The increasing awareness about the detrimental effects of dairy farming on the environment has also led many consumers to switch to plant-based milk. However, despite the growth potential, the South Africa dairy alternatives market still faces some challenges. One of the main challenges is the high cost of these products compared to traditional dairy products. This is due to the use of expensive plant-based ingredients and production processes.
Some of the major players in the South Africa dairy alternatives market is Danone. This multinational company is a significant player in the South Africa market, offering a range of plant-based alternatives under its various brands. Danone has expanded its portfolio to include soy, almond, and oat milk products. Known for its extensive range of plant-based products, Alpro is a well-established brand in South Africa. It offers various dairy alternatives, including milk, yogurt, and cream, primarily made from soy, almonds, and oats. Soaring Free Superfoods: This local company specializes in health foods and superfoods, including a line of plant-based milk alternatives. Their products cater to a niche market focused on organic and high-nutrition alternatives. These companies are constantly innovating and expanding their product lines to meet the growing demand for plant-based products.
The South Africa government has taken initiatives to promote the consumption of plant-based products. In 2019, the Department of Trade and Industry launched the R4 billion Black Industrialist Scheme which aims to provide funding and support for black-owned businesses in the food and beverage sector, including those producing dairy alternatives. Additionally, the Department of Trade, Industry and Competition (DTIC) has also included plant-based food products in its Industrial Policy Action Plan (IPAP) in efforts to promote the growth of the plant-based food industry. A notable regulatory action is the South Africa government's recent ban on using meat-like terms for labeling plant-based products. This move aims to prevent consumer confusion and ensure clear differentiation between animal-based and plant-based products. These initiatives will likely lead to a further increase in demand for dairy alternative products and drive the growth of the market.
The dairy alternatives market in South Africa is expected to see continued growth due to increasing health consciousness, a growing vegan population, and government support. The Department of Trade, Industry and Competition (DTIC) has included plant-based food products in its Industrial Policy Action Plan (IPAP), promoting the industry's growth. Technological advancements and more efficient production processes are likely to reduce the costs of dairy alternatives, making them more accessible. This shift towards plant-based milk is expected to become more mainstream, reflecting consumers' preferences for healthier and more sustainable food choices. This presents a promising opportunity for entrepreneurs and investors to enter the market and leverage its potential. In simple terms, the future of the dairy alternatives market in South Africa looks bright due to health trends, supportive government policies, and cost-reducing technologies, making it a great time to invest in this growing sector.
According to Ravi Bhandari, Research Head, 6Wresearch, the soy segment is expected to witness the highest growth in the South Africa dairy alternatives market. This growth is driven by rising consumer awareness regarding health food products.
The milk segment is currently the largest in terms of application, with a significant market share.
Supermarkets hold the largest share in the South Africa dairy alternatives market, followed by health food stores and pharmacies.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Dairy Alternatives Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Dairy Alternatives Market Revenues & Volume, 2021 & 2031F |
3.3 South Africa Dairy Alternatives Market - Industry Life Cycle |
3.4 South Africa Dairy Alternatives Market - Porter's Five Forces |
3.5 South Africa Dairy Alternatives Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 South Africa Dairy Alternatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 South Africa Dairy Alternatives Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 South Africa Dairy Alternatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Dairy Alternatives Market Trends |
6 South Africa Dairy Alternatives Market, By Types |
6.1 South Africa Dairy Alternatives Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 South Africa Dairy Alternatives Market Revenues & Volume, By Source, 2021 - 2031F |
6.1.3 South Africa Dairy Alternatives Market Revenues & Volume, By Soy, 2021 - 2031F |
6.1.4 South Africa Dairy Alternatives Market Revenues & Volume, By Almond, 2021 - 2031F |
6.1.5 South Africa Dairy Alternatives Market Revenues & Volume, By Coconut, 2021 - 2031F |
6.1.6 South Africa Dairy Alternatives Market Revenues & Volume, By Oats, 2021 - 2031F |
6.1.7 South Africa Dairy Alternatives Market Revenues & Volume, By Rice, 2021 - 2031F |
6.1.8 South Africa Dairy Alternatives Market Revenues & Volume, By Hemp, 2021 - 2031F |
6.2 South Africa Dairy Alternatives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Africa Dairy Alternatives Market Revenues & Volume, By Milk, 2021 - 2031F |
6.2.3 South Africa Dairy Alternatives Market Revenues & Volume, By Yogurt, 2021 - 2031F |
6.2.4 South Africa Dairy Alternatives Market Revenues & Volume, By Ice creams, 2021 - 2031F |
6.2.5 South Africa Dairy Alternatives Market Revenues & Volume, By Cheese, 2021 - 2031F |
6.2.6 South Africa Dairy Alternatives Market Revenues & Volume, By Creamers, 2021 - 2031F |
6.3 South Africa Dairy Alternatives Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 South Africa Dairy Alternatives Market Revenues & Volume, By Supermarkets, 2021 - 2031F |
6.3.3 South Africa Dairy Alternatives Market Revenues & Volume, By Health Food Stores, 2021 - 2031F |
6.3.4 South Africa Dairy Alternatives Market Revenues & Volume, By Pharmacies, 2021 - 2031F |
7 South Africa Dairy Alternatives Market Import-Export Trade Statistics |
7.1 South Africa Dairy Alternatives Market Export to Major Countries |
7.2 South Africa Dairy Alternatives Market Imports from Major Countries |
8 South Africa Dairy Alternatives Market Key Performance Indicators |
9 South Africa Dairy Alternatives Market - Opportunity Assessment |
9.1 South Africa Dairy Alternatives Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 South Africa Dairy Alternatives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 South Africa Dairy Alternatives Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 South Africa Dairy Alternatives Market - Competitive Landscape |
10.1 South Africa Dairy Alternatives Market Revenue Share, By Companies, 2024 |
10.2 South Africa Dairy Alternatives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |