Global Plant-based Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• Alpro, a Danone-owned company, announced its latest investment for its Kettering-based U.K. factory in 2021. The company intends to increase the production capacity of its plant-based products destined for UK consumers while also improving its sustainability credentials.

• SunOpta announced in 2021 that it had acquired the non-dairy beverage brands of the Hain Celestial Group in North America for a total valuation of US$ 33 million. This transaction included the purchase of two plant-based beverage brands, Dream and WestSoy.

The global plant-based milk market is experiencing significant growth, driven by increasing consumer preference for plant-based alternatives to traditional dairy products. The market is segmented by product into almond milk, oat milk, soy milk, coconut milk, rice milk, pea milk, and others. Almond milk remains one of the most popular plant-based milk options due to its mild flavor, low calorie content, and versatility in both sweet and savory applications. Oat milk, with its creamy texture and naturally sweet flavor, has gained considerable traction, especially in coffee and dairy-free lattes, and is seen as a popular choice for consumers with nut or soy allergies. Soy milk continues to be a staple in the market due to its high protein content and long-standing presence as a dairy alternative. Coconut milk is favored for its tropical flavor and richness, particularly in cooking and desserts, while rice milk is a light, sweet alternative, suitable for people with nut or soy sensitivities. Pea milk, a newer addition to the market, is gaining popularity due to its high protein content, neutral flavor, and environmentally friendly production processes. The "others" category includes lesser-known plant-based milk types, such as hemp, flax, and cashew milk, catering to niche markets and specialty consumer preferences.

The market is further segmented by nature into organic and conventional plant-based milk. Organic plant-based milk is increasingly in demand as consumers become more health-conscious and environmentally aware. Organic products are often perceived as cleaner, free from synthetic pesticides, fertilizers, and genetically modified organisms (GMOs), making them particularly appealing to consumers who prioritize sustainability and ethical farming practices. The organic segment includes premium-priced options that cater to health-focused and eco-conscious individuals. On the other hand, conventional plant-based milk remains the dominant category, as it is more affordable and widely accessible. Conventional plant-based milks are produced using standard farming practices, which typically result in lower production costs, making them a preferred choice for budget-conscious consumers. Both organic and conventional segments continue to thrive in parallel, catering to different consumer needs, with organic products serving a niche market and conventional products appealing to the mass market.

In terms of distribution, the plant-based milk market is segmented into supermarkets & hypermarkets, online stores, retail stores, and others. Supermarkets and hypermarkets remain the primary distribution channels due to their large customer base and the ability to offer a wide range of plant-based milk products alongside traditional dairy items. These channels are highly convenient for consumers who prefer to shop for plant-based milk alongside their regular grocery shopping. Online stores have seen rapid growth, especially with the rise of e-commerce, as they offer convenience, a wider product selection, and home delivery options. The online channel appeals to tech-savvy consumers who prefer to shop from the comfort of their homes and often seek out specialty or organic plant-based milk products. Retail stores, including specialty and health food stores, are also significant distribution points, particularly for premium or niche plant-based milk products that may not be widely available in larger supermarkets. The "others" category includes smaller, more specialized outlets such as farmer’s markets and direct-to-consumer sales platforms. As consumer demand for plant-based products continues to rise, all distribution channels are expected to expand and evolve, ensuring that plant-based milk products remain easily accessible to a broad audience.

Global Plant-based Milk Market Analysis

The Global Plant-based Milk Market has been segmented by Product, Nature, Distribution Channel and Geography.

Global Plant-based Milk Market, Segmentation by Product

The Global Plant-based Milk Market has been segmented by Product into Almond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk, and Others.

The global plant-based milk market is expanding rapidly as more consumers shift toward plant-based diets for health, ethical, and environmental reasons. The market is segmented by product into almond milk, oat milk, soy milk, coconut milk, rice milk, pea milk, and others. Almond milk holds a significant share of the market due to its mild taste, low calorie count, and versatility in both sweet and savory applications. Oat milk has also become a popular choice, particularly in coffee and lattes, because of its creamy texture and naturally sweet flavor. It is often preferred by those with nut or soy allergies, contributing to its rising demand. Soy milk remains one of the most widely recognized plant-based milk alternatives due to its long-standing presence in the market and its protein-rich profile, making it a staple for consumers seeking a dairy-free, high-protein option.

Coconut milk, another key player in the market, is favored for its tropical flavor and is commonly used in cooking, especially in Asian and Caribbean cuisines. Its rich and creamy texture makes it a popular ingredient in dairy-free desserts and smoothies. Rice milk, typically lighter and sweeter in taste, is a good option for individuals with nut or soy allergies, positioning it as a suitable alternative for people seeking gentle, allergen-free milk. Pea milk, a newer entrant in the market, has gained attention for its high protein content, sustainable production process, and neutral flavor, making it a versatile and environmentally friendly option. The "others" category includes a variety of other plant-based milk alternatives, such as hemp milk, cashew milk, and flax milk, which cater to niche markets and consumers looking for specialized or less common milk substitutes.

The diverse range of plant-based milk products reflects the growing consumer demand for variety, nutritional content, and taste preferences. As awareness of plant-based diets increases, consumers are exploring different alternatives to traditional dairy, looking for options that cater to specific dietary needs such as lactose intolerance, veganism, or allergies to nuts or soy. The wide variety of plant-based milks, each with its own set of benefits and uses, allows for a broad consumer base to find products that align with their health, flavor, and lifestyle preferences. The growing availability of plant-based milk in supermarkets, specialty stores, and online platforms is further accelerating the market's growth, as these products become more accessible to a global audience.

Global Plant-based Milk Market, Segmentation by Nature

The Global Plant-based Milk Market has been segmented by Nature into Organic and Conventional.

The global plant-based milk market is increasingly being shaped by consumer preferences for both organic and conventional products. The market is segmented by nature into organic and conventional plant-based milk, with each category catering to different consumer demands. Organic plant-based milk is gaining significant traction due to rising consumer awareness about the health benefits of organic food and the desire for products free from pesticides, chemicals, and synthetic fertilizers. Organic plant-based milk is often perceived as a cleaner, more environmentally friendly option, with production methods that emphasize sustainability and environmentally conscious farming practices. As more consumers prioritize health-conscious and eco-friendly lifestyles, the demand for organic plant-based milk alternatives, such as organic almond milk, oat milk, and soy milk, continues to grow.

On the other hand, conventional plant-based milk remains a dominant segment in the market due to its affordability and wide availability. Conventional plant-based milks, such as soy, oat, and coconut milk, are often more accessible to a larger demographic due to their lower price points compared to organic alternatives. The conventional category appeals to budget-conscious consumers who still seek the benefits of plant-based milk, such as lactose-free and dairy-free options. Conventional plant-based milks are produced using more widely adopted agricultural practices, and while they may not meet the stringent organic certification standards, they still offer consumers an alternative to traditional dairy milk that aligns with vegan, dairy-free, or allergy-friendly diets.

Both organic and conventional plant-based milk segments are expected to see sustained growth, driven by different consumer needs. The organic segment appeals to health-conscious, eco-aware individuals who are willing to pay a premium for organic certification and products that align with sustainable and ethical farming practices. In contrast, the conventional segment continues to dominate due to its accessibility, affordability, and broad appeal to mainstream consumers who may not prioritize organic certification but still seek the benefits of plant-based milk. As the market for plant-based alternatives grows, both segments are likely to coexist, with organic plant-based milk catering to niche, premium markets, and conventional plant-based milk meeting the demands of everyday consumers looking for affordable and widely available alternatives.

Global Plant-based Milk Market, Segmentation by Distribution Channel

The Global Plant-based Milk Market has been segmented by Distribution Channel into Supermarket & Hypermarkets, Online Stores, Retail Stores and Others.

The Global Plant-based Milk Market is segmented by distribution channel into Supermarkets & Hypermarkets, Online Stores, Retail Stores, and Others, reflecting the diverse retail landscape catering to consumer preferences and shopping habits. Supermarkets and hypermarkets hold a significant share in the distribution of plant-based milks, offering a wide range of brands and variants under one roof. These large-scale retail outlets provide convenience and accessibility to consumers seeking plant-based alternatives, contributing to the market's substantial growth. The presence of promotional activities, product displays, and dedicated sections for health foods further boosts the visibility and sales of plant-based milks in these stores.

Online stores have emerged as a rapidly growing distribution channel for plant-based milks, driven by the convenience of home delivery and the increasing popularity of e-commerce platforms. Consumers appreciate the ease of browsing through a variety of options, comparing prices, and reading reviews before making a purchase. The direct-to-consumer model adopted by many brands allows them to reach a broader audience globally, including regions where access to specialty health foods may be limited. Retail stores, including specialty health food stores and organic markets, cater specifically to consumers seeking natural and organic products, including plant-based milks. These stores often emphasize sustainability, health benefits, and ethical sourcing practices, aligning with the preferences of environmentally conscious consumers. The segmentation by distribution channel highlights the strategic approach of manufacturers and retailers in reaching and engaging with diverse consumer segments in the global plant-based milk market.

Global Plant-based Milk Market, Segmentation by Geography

The Global Plant-based Milk Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Plant-based Milk Market Share (%), by Geographical Region, 2024

The Global Plant-based Milk Market is segmented by geography into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each exhibiting unique dynamics and growth opportunities. North America dominates the market, driven by increasing consumer awareness of health benefits associated with plant-based diets and a growing trend towards veganism and lactose intolerance. The region is home to a mature market for plant-based milks, with well-established brands and a wide array of product offerings across supermarkets, specialty stores, and online platforms. Continuous innovation in flavors, packaging, and nutritional fortification further fuels market expansion in North America.

Europe follows closely, characterized by strong demand for organic and sustainable food products, including plant-based milks. Countries such as Germany, the UK, and Sweden are prominent markets, supported by robust retail distribution networks and favorable consumer perceptions towards plant-based nutrition. The region's stringent regulations on food labeling and quality standards also contribute to consumer confidence in plant-based milk products. In Asia Pacific, rapid urbanization, changing dietary habits, and increasing disposable incomes are driving market growth. Countries like China, Japan, and India are witnessing a surge in demand for plant-based milks due to rising health consciousness and a preference for non-dairy alternatives. The Middle East and Africa, along with Latin America, are emerging markets where consumer awareness and availability of plant-based milks are steadily increasing, driven by global health trends and expanding retail infrastructure.

This report provides an in depth analysis of various factors that impact the dynamics of Global Plant-based Milk Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Key players in Global Plant-based Milk Market include:

• Pacific Foods of Oregon
• Natura Food
• Sunopta Inc.
• The Hain Celestial Group Inc.
• Mc Cormick & Co
• Goya Foods
• Vitasoy International Holdings Limited
• The Hershey Company
• Turtle Mountain LLC
• Chefs Choice Food Manufacturer Company Limited
• Food Company Inc.

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis