Global Milk Substitutes (Non Dairy Milk) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Soy Milk, Almond Milk, Rice Milk, and Others.

By Application;

Food and Beverages.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn425784471 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Milk Substitutes (Non Dairy Milk) Market (USD Million), 2021 - 2031

In the year 2024, the Global Milk Substitutes (Non Dairy Milk) Market was valued at USD 37,641.96 million. The size of this market is expected to increase to USD 92,338.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.7%.

The market is experiencing rapid growth driven by shifting consumer dietary preferences and evolving food trends. Increasing instances of milk allergies and lactose intolerance are major factors fueling demand, prompting many food and beverage products to incorporate milk alternatives. In the U.S., soy milk is gaining popularity among elderly and female consumers due to its isoflavones, which are believed to lower the risk of heart disease and breast cancer. Soy's phytoestrogen content also appeals to women seeking natural ways to regulate estrogen levels, further boosting market expansion in this segment.

Meanwhile, almond milk is gaining traction, especially among health-conscious young adults following ketogenic and vegan diets. Known for its high lipid, fiber, and protein content, almond milk is emerging as a preferred dairy substitute across various consumer demographics and industries. Its nutritional benefits and versatility are driving its adoption rates, making almond milk a significant player in the growing market for dairy alternatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Milk Substitutes (Non Dairy Milk) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health and Wellness Trends
        2. Diversity of Product Offerings
      2. Restraints
        1. Environmental Impact of Production
        2. Taste and Functionality
      3. Opportunities
        1. Innovation in Plant-Based Milk
        2. Focus on Sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Milk Substitutes (Non Dairy Milk) Market, By Type, 2021 - 2031 (USD Million)
      1. Soy Milk
      2. Almond Milk
      3. Rice Milk
      4. Others
    2. Global Milk Substitutes (Non Dairy Milk) Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Beverages
    3. Global Milk Substitutes (Non Dairy Milk) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hain Celestial Group
      2. WhiteWave Foods
      3. ADM
      4. Nutriops S.L
      5. Blue Diamond Growers
  7. Analyst Views
  8. Future Outlook of the Market