Plant-based Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Plant-based Milk Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

Plant-based Milk Market Size (2025E): US$ 17.4 Bn
Projected Market Value (2032F): US$ 31.6 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 8.9%

Plant-based Milk Market - Report Scope:

The Plant-based Milk market includes non-dairy milk alternatives derived from plant sources such as soy, almond, coconut, rice, and oat. These products cater to consumers seeking lactose-free, vegan, and sustainable alternatives to traditional dairy milk. The market is driven by growing health consciousness, increasing lactose intolerance cases, and rising consumer demand for plant-based food products. The shift toward plant-based diets, coupled with innovations in taste, texture, and nutritional value, is further propelling market growth.

Market Growth Drivers:

Several factors are driving the growth of the global Plant-based Milk market, including the rising preference for dairy alternatives due to health concerns, ethical considerations, and environmental sustainability. The increasing prevalence of lactose intolerance and milk allergies, along with the growing vegan and flexitarian consumer base, is fueling market expansion. Additionally, advancements in plant-based milk formulations, improved product offerings, and the expansion of distribution channels have enhanced market penetration.

Market Restraints:

Despite its strong growth, the Plant-based Milk market faces challenges such as higher production costs, taste and texture differences compared to dairy milk, and consumer skepticism regarding nutritional equivalency. Some plant-based milk varieties require extensive processing, raising concerns about added ingredients and artificial fortification. Limited consumer awareness in certain regions and fluctuating raw material prices also impact market stability.

Market Opportunities:

The Plant-based Milk market presents significant growth opportunities, particularly with the increasing demand for functional and fortified plant-based dairy alternatives. Product innovation, including the introduction of high-protein, low-sugar, and organic plant-based milk, is expected to drive consumer adoption. Expanding distribution networks, including online retail platforms, specialty stores, and supermarket chains, further enhance market accessibility. Strategic collaborations between plant-based milk brands and foodservice providers, along with investments in sustainable packaging solutions, are poised to create additional growth avenues.

Key Questions Answered in the Report:

What are the key factors driving global growth in the Plant-based Milk market?
Which plant-based milk types are experiencing the highest demand across different regions?
How are technological advancements and product innovations shaping the competitive landscape?
Who are the major players in the Plant-based Milk market, and what strategies are they implementing?
What are the emerging trends and future prospects for the global Plant-based Milk market?

Competitive Intelligence and Business Strategy:

Leading companies in the global Plant-based Milk market, such as Groupe Danone, The Hain Celestial Group Inc., and Vitasoy International Holdings Limited, are leveraging innovation, strategic partnerships, and product diversification to strengthen their market positions. These companies are investing in R&D to improve plant-based milk formulations, enhance nutritional profiles, and develop sustainable packaging solutions. Collaborations with retail giants, foodservice providers, and online marketplaces are expanding market reach. A strong focus on branding, consumer education, and regulatory compliance is essential for companies aiming to sustain leadership in this evolving market.

Key Companies Profiled:

Groupe Danone
The Hain Celestial Group Inc.
Vitasoy International Holdings Limited
McCormick & Company
SunOpta Inc.
Pacific Foods of Oregon, Inc.
Goya Foods
Blue Diamond Growers, Inc.
Califia Farms
Ripple Foods

Plant-based Milk Industry Research by Category:

By Product Type:

Soy
Almond
Coconut
Rice
Oat
Others

By End User:

Food & Beverage Industry
Bakery & Confectionery
Dairy & Desserts
Infant Formula
Retail/Household
Foodservice Industry

By Distribution Channel:

Business to Business
Business to Consumer
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Retail

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP31413

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Plant-based Milk Outlook, 2019-2032

5.1. Historical Market Volume (Tons) Analysis, 2019-2024
5.2. Current and Future Market Volume (Tons) Projections, 2025-2032
5.3. Y-o-Y Growth Trend Analysis

6. Global Plant-based Milk Market - Pricing Analysis

6.1. Regional Pricing Trend Analysis, 2019-2024
6.2. Global Average Pricing Analysis Benchmark

7. Global Plant-based Milk Outlook, 2019-2032

7.1. Historical Market Value (US$ Bn) Analysis, 2019-2024
7.2. Current and Future Market Value (US$ Bn) Projections, 2025-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global Food & Beverage industry Overview
- 8.1.3. Global GDP and Infrastructure Investment
- 8.1.4. International Trade
- 8.1.5. Global Industry Outlook
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Global Urbanization Growth Outlook
- 8.2.5. Business Climate
8.3. Global Food and Beverage Industry Overview
- 8.3.1. Food & Beverage Industry Key Indicators
8.4. Supply Chain & Value-Chain Analysis
- 8.4.1. Raw Material Suppliers
- 8.4.2. Product Manufacturers
- 8.4.3. Distribution Channel Industries
8.5. Regional Plant-based Milk Associations and Organizations
8.6. Policy Developments and Regulatory Scenario
- 8.6.1. The United States Food and Drug Administration (FDA)
- 8.6.2. Canadian Food Inspection Agency
- 8.6.3. European Food Safety Authority (EFSA)
- 8.6.4. The Food Safety and Standards Authority of India (FSSAI)
- 8.6.5. Ministry of Health, Labor and Welfare. (MHLW), Japan
- 8.6.6. National Health Commission (NHC), China
- 8.6.7. Food Standards Australia New Zealand (FSANZ)
8.7. Market Dynamics
- 8.7.1. Drivers
- 8.7.2. Restraints
- 8.7.3. Opportunity Analysis
8.8. Global Supply Demand Analysis

9. Global Plant-based Milk Market Outlook, 2019-2032, By End Use

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Nature, 2019-2024
9.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Nature, 2025-2032
- 9.3.1. Food & Beverage Industry
  - 9.3.1.1. Bakery & Confectionery
  - 9.3.1.2. Dairy & Desserts
  - 9.3.1.3. Infant Distribution Channelula
- 9.3.2. Retail/Household
- 9.3.3. Foodservice Industry
9.4. Market Attractiveness Analysis By Nature

10. Global Plant-based Milk Outlook, 2019-2032, by Distribution Channel

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Distribution Channel, 2019-2024
10.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Distribution Channel, 2025-2032
- 10.3.1. Business to Business
- 10.3.2. Business to Consumer
  - 10.3.2.1. Hypermarkets/Supermarkets
  - 10.3.2.2. Convenience Stores
  - 10.3.2.3. Specialty Stores
  - 10.3.2.4. Online Retail
10.4. Market Attractiveness Analysis By Distribution Channel

11. Global Plant-based Milk Market Outlook, 2019-2032, by Type

11.1. Introduction
11.2. Historical Market Size (US$ Bn) and Volume Analysis By Type, 2019-2024
11.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Type, 2025-2032
- 11.3.1. Soy
- 11.3.2. Almond
- 11.3.3. Coconut
- 11.3.4. Rice
- 11.3.5. Oat
- 11.3.6. Others
11.4. Market Attractiveness Analysis By Type

12. Global Plant-based Milk Market Outlook, 2019-2032, by Region

12.1. Introduction
12.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2024
12.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2025-2032
- 12.3.1. North America
- 12.3.2. Latin America
- 12.3.3. Europe
- 12.3.4. South Asia and Pacific
- 12.3.5. East Asia
- 12.3.6. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region

13. North America Plant-based Milk Market Outlook, 2019-2032

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 13.4.1. By Country
  - 13.4.1.1. U.S.
  - 13.4.1.2. Canada
- 13.4.2. By End Use
- 13.4.3. By Distribution Channel
- 13.4.4. By Type
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By End Use
- 13.5.3. By Distribution Channel
- 13.5.4. By Type
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. Latin America Plant-based Milk Market Outlook, 2019-2032

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 14.4.1. By Country
  - 14.4.1.1. Brazil
  - 14.4.1.2. East Asia
  - 14.4.1.3. Argentina
  - 14.4.1.4. Rest of Latin America
- 14.4.2. By End Use
- 14.4.3. By Distribution Channel
- 14.4.4. By Type
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By End Use
- 14.5.3. By Distribution Channel
- 14.5.4. By Type
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Europe Plant-based Milk Market Outlook, 2019-2032

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 15.4.1. By Country
  - 15.4.1.1. Germany
  - 15.4.1.2. Italy
  - 15.4.1.3. France
  - 15.4.1.4. U.K.
  - 15.4.1.5. Spain
  - 15.4.1.6. BENELUX
  - 15.4.1.7. Russia
  - 15.4.1.8. Poland
  - 15.4.1.9. Rest of Europe
- 15.4.2. By End Use
- 15.4.3. By Distribution Channel
- 15.4.4. By Type
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By End Use
- 15.5.3. By Distribution Channel
- 15.5.4. By Type
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. South Asia and Pacific Plant-based Milk Market Outlook, 2019-2032

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 16.4.1. By Country
  - 16.4.1.1. India
  - 16.4.1.2. ASEAN
  - 16.4.1.3. Oceania (Australia & New Zealand)
  - 16.4.1.4. Rest of South Asia & Pacific
- 16.4.2. By End Use
- 16.4.3. By Distribution Channel
- 16.4.4. By Type
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By End Use
- 16.5.3. By Distribution Channel
- 16.5.4. By Type
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. East Asia Plant-based Milk Market Outlook, 2019-2032

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
17.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 17.4.1. By Country
  - 17.4.1.1. China
  - 17.4.1.2. Japan
  - 17.4.1.3. South Korea
- 17.4.2. By End Use
- 17.4.3. By Distribution Channel
- 17.4.4. By Type
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By End Use
- 17.5.3. By Distribution Channel
- 17.5.4. By Type
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. Middle East and Africa Plant-based Milk Market Outlook, 2019-2032

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2024
18.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2025-2032
- 18.4.1. By Country
  - 18.4.1.1. GCC Countries
  - 18.4.1.2. Turkey
  - 18.4.1.3. Northern Africa
  - 18.4.1.4. South Africa
  - 18.4.1.5. Rest of Middle East and Africa
- 18.4.2. By End Use
- 18.4.3. By Distribution Channel
- 18.4.4. By Type
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By End Use
- 18.5.3. By Distribution Channel
- 18.5.4. By Type
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Country Wise Plant-based Milk Market Analysis, 2025

19.1. Introduction
- 19.1.1. Market Value Proportion Analysis, By Key Countries
- 19.1.2. Global Vs. Country Growth Comparison
19.2. U.S. Plant-based Milk Market Analysis
- 19.2.1. By End Use
- 19.2.2. By Distribution Channel
- 19.2.3. By Type
19.3. Canada Plant-based Milk Market Analysis
- 19.3.1. By End Use
- 19.3.2. By Distribution Channel
- 19.3.3. By Type
19.4. East Asia Plant-based Milk Market Analysis
- 19.4.1. By End Use
- 19.4.2. By Distribution Channel
- 19.4.3. By Type
19.5. Brazil Plant-based Milk Market Analysis
- 19.5.1. By End Use
- 19.5.2. By Distribution Channel
- 19.5.3. By Type
19.6. Argentina Plant-based Milk Market Analysis
- 19.6.1. By End Use
- 19.6.2. By Distribution Channel
- 19.6.3. By Type
19.7. Germany Plant-based Milk Market Analysis
- 19.7.1. By End Use
- 19.7.2. By Distribution Channel
- 19.7.3. By Type
19.8. Italy Plant-based Milk Market Analysis
- 19.8.1. By End Use
- 19.8.2. By Distribution Channel
- 19.8.3. By Type
19.9. France Plant-based Milk Market Analysis
- 19.9.1. By End Use
- 19.9.2. By Distribution Channel
- 19.9.3. By Type
19.10. U.K. Plant-based Milk Market Analysis
- 19.10.1. By End Use
- 19.10.2. By Distribution Channel
- 19.10.3. By Type
19.11. Spain Plant-based Milk Market Analysis
- 19.11.1. By End Use
- 19.11.2. By Distribution Channel
- 19.11.3. By Type
19.12. Poland Plant-based Milk Market Analysis
- 19.12.1. By End Use
- 19.12.2. By Distribution Channel
- 19.12.3. By Type
19.13. Russia Plant-based Milk Market Analysis
- 19.13.1. By End Use
- 19.13.2. By Distribution Channel
- 19.13.3. By Type
19.14. China Plant-based Milk Market Analysis
- 19.14.1. By End Use
- 19.14.2. By Distribution Channel
- 19.14.3. By Type
19.15. Japan Plant-based Milk Market Analysis
- 19.15.1. By End Use
- 19.15.2. By Distribution Channel
- 19.15.3. By Type
19.16. S. Korea Plant-based Milk Market Analysis
- 19.16.1. By End Use
- 19.16.2. By Distribution Channel
- 19.16.3. By Type
19.17. India Plant-based Milk Market Analysis
- 19.17.1. By End Use
- 19.17.2. By Distribution Channel
- 19.17.3. By Type
19.18. Oceania (Australia and New Zealand) Plant-based Milk Market Analysis
- 19.18.1. By End Use
- 19.18.2. By Distribution Channel
- 19.18.3. By Type
19.19. Turkey Plant-based Milk Market Analysis
- 19.19.1. By End Use
- 19.19.2. By Distribution Channel
- 19.19.3. By Type
19.20. South Africa Plant-based Milk Market Analysis
- 19.20.1. By End Use
- 19.20.2. By Distribution Channel
- 19.20.3. By Type

20. Market Structure Analysis

20.1. Market Analysis by Tier of Companies (Plant-based Milk)
20.2. Market Share Analysis of Top Players
20.3. Market Presence Analysis

21. Competition Analysis

21.1. Competition Dashboard
21.2. Competition Benchmarking
21.3. Competition Deep Dive
- 21.3.1. McCormick & Co.
  - 21.3.1.1. Overview
  - 21.3.1.2. Product Portfolio
  - 21.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.1.4. Sales Footprint
  - 21.3.1.5. Strategy Overview
- 21.3.2. Sunopta Inc
  - 21.3.2.1. Overview
  - 21.3.2.2. Product Portfolio
  - 21.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.2.4. Sales Footprint
  - 21.3.2.5. Strategy Overview
- 21.3.3. Goya Foods
  - 21.3.3.1. Overview
  - 21.3.3.2. Product Portfolio
  - 21.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.3.4. Sales Footprint
  - 21.3.3.5. Strategy Overview
- 21.3.4. Blue Diamond Growers, Inc.
  - 21.3.4.1. Overview
  - 21.3.4.2. Product Portfolio
  - 21.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.4.4. Sales Footprint
  - 21.3.4.5. Strategy Overview
- 21.3.5. Califia Farms
  - 21.3.5.1. Overview
  - 21.3.5.2. Product Portfolio
  - 21.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.5.4. Sales Footprint
  - 21.3.5.5. Strategy Overview
- 21.3.6. Ripple Foods
  - 21.3.6.1. Overview
  - 21.3.6.2. Product Portfolio
  - 21.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.6.4. Sales Footprint
  - 21.3.6.5. Strategy Overview
- 21.3.7. Oatly
  - 21.3.7.1. Overview
  - 21.3.7.2. Product Portfolio
  - 21.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.7.4. Sales Footprint
  - 21.3.7.5. Strategy Overview
- 21.3.8. Sanitarium
  - 21.3.8.1. Overview
  - 21.3.8.2. Product Portfolio
  - 21.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.8.4. Sales Footprint
  - 21.3.8.5. Strategy Overview
- 21.3.9. Ecomil
  - 21.3.9.1. Overview
  - 21.3.9.2. Product Portfolio
  - 21.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.9.4. Sales Footprint
  - 21.3.9.5. Strategy Overview
- 21.3.10. Hiland Dairy
  - 21.3.10.1. Overview
  - 21.3.10.2. Product Portfolio
  - 21.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.10.4. Sales Footprint
  - 21.3.10.5. Strategy Overview
- 21.3.11. Natura Foods
  - 21.3.11.1. Overview
  - 21.3.11.2. Product Portfolio
  - 21.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.11.4. Sales Footprint
  - 21.3.11.5. Strategy Overview
- 21.3.12. Earth's Own Food Company Inc
  - 21.3.12.1. Overview
  - 21.3.12.2. Product Portfolio
  - 21.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.12.4. Sales Footprint
  - 21.3.12.5. Strategy Overview
- 21.3.13. Edward & Sons
  - 21.3.13.1. Overview
  - 21.3.13.2. Product Portfolio
  - 21.3.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.13.4. Sales Footprint
  - 21.3.13.5. Strategy Overview
- 21.3.14. Chef's Choice Food Manufacturer Company Limited
  - 21.3.14.1. Overview
  - 21.3.14.2. Product Portfolio
  - 21.3.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.14.4. Sales Footprint
  - 21.3.14.5. Strategy Overview
- 21.3.15. Liwayway Holdings Company Limited
  - 21.3.15.1. Overview
  - 21.3.15.2. Product Portfolio
  - 21.3.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.15.4. Sales Footprint
  - 21.3.15.5. Strategy Overview
- 21.3.16. Others (on additional request)
  - 21.3.16.1. Overview
  - 21.3.16.2. Product Portfolio
  - 21.3.16.3. Profitability by Market Segments (Product/Channel/Region)
  - 21.3.16.4. Sales Footprint
  - 21.3.16.5. Strategy Overview

Plant-based Milk Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032