Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Dairy Alternatives Market Outlook
*this image is indicative*
Based on the source, the Australia dairy alternative market share is driven by soy.
Soy is being widely used as a dairy alternative and used in various applications such as beverages, cooking, and baking. It is rich in various vitamins and minerals such as calcium, vitamin A, vitamin B and others. Over the period, individuals have become health conscious and consume dairy alternatives as it is a complete protein source and contains essential amino acids while improving bone health, immune function, and overall well-being. Almond is also rich in vitamin E and calcium is naturally lactose-free and is consumed by individuals as it is suitable for lactose intolerance or dairy allergies, sufficient calorie intake or seeking a lighter alternative.
| Australia Dairy Alternative Market Summary | Description | Value |
| Base Year | AUD Million | 2023 |
| Historical period | AUD Million | 2018-2023 |
| Forecast Period | AUD Million | 2024-2032 |
| Market Size 2023 | AUD Million | 834.6 |
| Market Size 2032 | AUD Million | 1,664.2 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 8.0% |
| CAGR 2024-2032 - Market by Region | Australian Capital Territory | 9.1% |
| CAGR 2024-2032 - Market by Region | Queensland | 7.2% |
| CAGR 2024-2032 - Market by Source | Oats | 9.0% |
| CAGR 2024-2032 - Market by istribution Channel | Online Channels | 8.8% |
| Market Share by Region | Western Australia | 15.6% |
The growing health concerns by individuals have driven the Australia dairy alternatives market as the consumption of dairy milk substitutes has increased. As reported by ABS, almond milk and soy milk apparent consumption have risen rapidly between 2018-19 and 2020-21 by 31% and 16% respectively.
According to the Australian Bureau of Statistics (ABS), the dietary energy per capita per day between 2019-20 and 2020-21 has increased to 5.6 kilojoules, thus boosting the Australia dairy alternatives market growth.
Australia Dairy Alternatives Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Formulation
Market Breakup by Nutrient
Market Breakup by Distribution Channel
Market Breakup by Region
Consumers seeking dairy alternatives often look for products that can match or exceed the protein content of traditional dairy. This focus on protein is driven by the growing health and wellness trends, where protein is valued for its role in muscle maintenance, satiety, and overall nutrition.
| CAGR 2024-2032 - Market by | Region |
| Australian Capital Territory | 9.1% |
| Queensland | 7.2% |
| New South Wales | 6.4% |
| Victoria | XX% |
| Western Australia | XX% |
| Others | XX% |
The growth of the dairy alternatives market is fueled as manufacturers of dairy alternatives, such as plant-based milk, yoghurts, and cheeses, prioritise fortifying their products with protein to meet consumer demand and nutritional expectations.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The revenue generated from the market is expected to reach AUD 971.35 million in 2032.
Based on the source, the dairy alternatives market is bifurcated into almonds, soy, oats, coconut, and others.
Key players in the industry are Nestle Australia Limited, Nutricia Australia Pty Limited, Blue Diamond Growers, PureHarvest and Califia Farms, LLC among others.
Based on nutrients, the dairy alternatives market is divided into protein, starch, vitamins, and others.
The different distribution channels in the dairy alternatives market include supermarkets and hypermarkets, convenience stores, online channels, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
The Australia dairy alternative market was valued at AUD 500.32 million in 2023.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Formulation |
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| Breakup by Nutrient |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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