Global Plant-Based Milk Market

Global Plant-Based Milk Market Segmented by Category, Form, Product Type, Flavor Type, End-Use, Sales Channel, Region, & Country – Forecast 2022 – 2030

Will the rapid shift towards a vegan diet elevate the demand for the plant-based milk market? Find Out With ChemView's Latest Analysis!

Category: Food & Beverages Published Date : July 2022 ID: CVC-00169 Format: PDF Pages: 365

Plant-Based Milk Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Plant-Based Milk Market was worth US$ 14,400.0 Mn and is expected to grow at a CAGR of 8.7% over the forecast period. The market is expected to hit US$ 28,100.0 Mn by 2030 end.

Consumers are increasingly interested in reducing their use of animal-based food items, owing to a growing emphasis on sustainability, health, and ethical considerations. As a result, the food industry is developing new plant-based products that mirror many physicochemical and sensory features of animal-derived foods, including milk, eggs, and meat.

Animal-free dairy proteins provide several advantages over typical dairy products. They are devoid of antibiotics, hormones, and lactose, making them suitable for those sensitive to or intolerant to these substances. In terms of nutritional content, taste, texture, and utility, they are likewise equivalent to dairy protein.

Market Dynamic


With the growing tendency among athletes and young consumers to embrace a vegan diet that consists entirely of plant-based goods and excludes dairy meals or beverages, demand for plant-based products and dairy replacements is expanding.

Such shifts in consumer food consumption increase demand for plant-based meals and dairy substitutes.

Individuals undergoing radioiodine cancer therapy, suffering from eczema, or suffering from other conditions that respond negatively to dairy regularly consume plant-based milk. According to a recent study, about 40% of the worldwide population suffers from Lactose Intolerance, a significant amount. Furthermore, plant-based milk is a dairy alternative for persons with irritable bowel syndrome and inflammatory bowel disease.

The detrimental influence of food additives, chemicals, antibiotics, and other substances on health is becoming more widely recognized among millennials. Millennials are anticipated to be the most vocal consumers of organic products, as they buy more natural and organic items than other generations.


People’s lack of knowledge about plant-based drinks and their worries about beverage additives may hinder the market’s growth throughout the projection period. It may, however, constitute a danger to expanding the plant-based milk sector.


Plant-Based Milk Market


Segment-Wise Analysis

Why is there a huge demand for organic Plant-Based Milk?

The organic plant-based milk category is expected to expand at a CAGR of 10.0%. Many premium plant-based milk producers use various marketing methods to attract people to buy the product.

Premium ‘organic’ variations are aimed at consumers who are ready to spend more for high-quality ingredients and superior plant-based milk.

Which End-Use segment is expected to expand the fastest during the forecast period?

Plant-based milk will continue to be in great demand in the food and beverage sector. In addition to coffee, plant-based milk is a foundation for smoothies, foamy soups, and baked goods. It may be used in place of dairy milk in any recipe or beverage.

As a result, demand for plant-based milk is expanding across various food industry sectors, from coffee shops to bakeries.

Which distribution channels are most popular among the customers?

Online retail is expected to increase at a 10.7% CAGR. Consumers’ hectic and hectic lifestyles, particularly in industrialized nations, leave them with little time to visit supermarkets or stores to purchase the things they require daily.

On the other hand, online shopping allows consumers to purchase anything from an online shopping platform without having to leave their homes. Given this, online sales are projected to grow at a rapid pace in the future years.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • North America is estimated to have the biggest market share for plant-based milk. Consumer awareness of the necessity of protein-rich diets, improved health consciousness, a well-established milk sector, and higher acceptance of technology improvements in the milk and beverage business all contribute to North America’s leadership position in the plant-based milk market.
  • The Asia-Pacific market is exhibiting promising signals of future expansion. Increased adoption of emerging technologies for product innovation, collaborations between international and domestic milk companies, increased R&D investments by governments in the milk sector, and the presence of a large number of key players in the market can all be attributed to Asia-high Pacific’s market growth.

Competition Analysis

Product releases have been established as the direct approach among market participants. With rising competition, the emphasis on distinguishing goods is projected to increase, encouraging new introductions in the plant-based milk industry.

Some of the key developments that have taken place in the Plant-Based Milk Market include:

  • In 2019, Danone’s Silk brand launched an oat-based beverage product called Oat Yeah, a milk substitute. Falling soy milk sales prompted the introduction of this product.
  • In 2019, Blue Diamond, the world’s top almond marketer and processor expanded its broad Almond Breeze product range by including a dairy-free beverage popular among Latin Americans, Almond Breeze Almondmilk Horchata.

A list of some of the key suppliers present in the market are:

  • Groupe Danone
  • Alpina Foods
  • Blue Diamond Growers, Inc.
  • Döhler GmbH
  • Earth’s Own Food Company Inc
  • Elden Foods Inc
  • Freedom Foods Group Ltd
  • Goya Foods
  • Groupe Danone
  • Hain Celestial Group, Inc
  • Kaslink Foods Oy Ltd
  • Living Harvest Foods Inc
  • Liwayway Holdings Company Limited
  • Mc Cormick & Co.
  • Natura Foods
  • Nutriops SL
  • Organic Valley.
  • Pacific Foods of Oregon, Inc.
  • Others

Market Segments Covered in Report

By Category:

  • Organic
  • Conventional

By Form:

  • Liquid
  • Powder

By Product Type:

  • Soy Milk
  • Almond Milk
  • Coconut milk
  • Cashew Milk
  • Hemp Seed Milk
  • Rice Milk
  • Oat Milk
  • Peanut Milk
  • Pea Milk
  • Hazelnut Milk
  • Macadamia Milk
  • Flax Milk
  • Walnut
  • Other Product Types (Spelt Milk, Banana, etc.)

By Flavor Type:

  • Original/Unflavored
  • Flavoured
    • Chocolate
    • Vanilla
    • Strawberry
    • Coconut
    • Mocha
    • Berry
    • Hazelnut
    • other Flavors

By End-Use:

  • Infant Formula
  • Dairy Products
    • Milk
    • Cheese
    • Yogurt
    • Butter
    • Spreads
    • Ice Cream
    • Frozen Dessert
  • Bakery & Confectionary
  • Milk & Milk-based Beverages
  • Retail Sales

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Departmental Store
    • Traditional Store
    • Specialty Store
    • Online Retailers
    • Other Sales Channel

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Global Plant-Based Milk Market 2022-2030: Report Coverage and Highlights

  • Assessment of the historical and current market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Segment-wise, country-wise, and region-wise market analysis
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Key product innovations and regulatory framework
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies
Research ScopeDetails
Forecast period2022-2030
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2030
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Category, Form, Product Type, Flavor Type, End-Use, Sales Channel,  and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request