Global Plant-Based Dairy Products Market to Grow at 9% CAGR by 2030

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Plant-Based Dairy Products Market, The Global Plant-Based Dairy Products Market size was valued at around USD 20 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Plant-Based Dairy Products Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 20 billion
CAGR (2025-2030): 9%

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Global Plant-Based Dairy Products Market Segmentation Breakdown:

By Product Type
- Milk- Market Size & Forecast 2020-2030, USD Million
- Cheese- Market Size & Forecast 2020-2030, USD Million
- Butter- Market Size & Forecast 2020-2030, USD Million
- Yogurt- Market Size & Forecast 2020-2030, USD Million
- Creamers- Market Size & Forecast 2020-2030, USD Million
- Others

Based on product type, the milk segment leads the Global Plant-Based Dairy Products Market. It holds approx. 50% share of the total market.

By Material Type
- Fruits- Market Size & Forecast 2020-2030, USD Million
- Vegetables- Market Size & Forecast 2020-2030, USD Million
- Seeds & Nuts- Market Size & Forecast 2020-2030, USD Million
- Others
By Sales Channel
- Supermarket/Hypermarket- Market Size & Forecast 2020-2030, USD Million
- Convenience Stores- Market Size & Forecast 2020-2030, USD Million
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million
- E-commerce- Market Size & Forecast 2020-2030, USD Million
- Others
By Nature
- Organic- Market Size & Forecast 2020-2030, USD Million
- Conventional- Market Size & Forecast 2020-2030, USD Million

By Nature, the organic segment leads the Global Plant-Based Dairy Products Market. It holds approx. 65% share of the total market.

By End Use
- Bakery & Confectionery- Market Size & Forecast 2020-2030, USD Million
- Snacks & Savouries- Market Size & Forecast 2020-2030, USD Million
- Ready Meals- Market Size & Forecast 2020-2030, USD Million
- HoReCa- Market Size & Forecast 2020-2030, USD Million
- Dietary Supplements- Market Size & Forecast 2020-2030, USD Million
- Other Food Products- Market Size & Forecast 2020-2030, USD Million
- Others

Geographical Growth Insights:

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Out of them, Asia-Pacific dominates the Global Plant-Based Dairy Products Market. It holds approx. 35% market share.

MarkNtel Advisors Highlights Key Market Drivers for Plant-Based Dairy Products Market:

Burgeoning Demand for Lactose-Free Products – Globally, 68% of the total population is affected by lactose malabsorption. In various regions of Africa and Asia, most people suffer from lactose intolerance, thus creating a heavy requirement for lactose-free products, ultimately driving the market growth. 36% of the United States population is affected by the problem of lactose intolerance. It has the highest prevalence rates in Asia, Africa, and Latin America regions creating most of the market demand. This awareness drives consumers to increasingly look to plant-based dairy alternatives which tend to naturally exclude lactose. Almond, oat, and soy milk serve as safe and nutritious plant-based choices, allowing individuals to experience dairy-like enjoyment without the discomfort linked to conventional milk.

For example: The popularity of oat milk has surged significantly in regions like North America, partly due to its attraction to lactose-intolerant individuals and its sustainable characteristics. Brands are reacting by introducing more lactose-free products and emphasizing taste, texture, and fortification to resemble the nutrition and versatility of traditional dairy that will continue to fuel the market demand.

A Comprehensive Analysis of Leading Companies in Global Plant-Based Dairy Products Market

Arla Foods, Daiya Foods Inc., Danone S.A, General Mills, Saputo, Chobani, Earth’s Own Food Company Inc., Unilever, Nestle, California Farms, Bel Group, Kraft Heinz, 1.5 Degree, Elmhurst 1925, Planting Hope Company, NotCo, and others

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Global Plant-Based Dairy Products Industry Recent Development:

August 2024: Elmhurst 1925 launched TerraMeat TM Plant-Based Chicken as a substitute for Chicken that contains an incredibly clean ingredient list with high protein delivery.
February 2024: California Farms introduced a new creamy plant milk called Califia Farms Complete, containing half the sugar as compared to dairy milk. It also contains nine amino acids and vital minerals with eight grams of protein as well.

What are the growth Opportunity driving the Global Plant-Based Dairy Products Market?

Oat Milk Popularity on the Rise – It offers a substantial change in the worldwide market for plant-derived dairy items. In recent years, oat milk has rapidly become popular with consumers looking for dairy-free options due to its creamy consistency, mild taste, and health advantages. The expansion of oat milk has surpassed that of all other plant-based milk alternatives, boasting a compound annual growth rate exceeding 10% between 2020 and 2023. Its adaptability in coffee preparation and drinks has especially enhanced its appeal in areas like North America and Europe, where chain cafes like Starbucks are widely available and easily noticeable. Oat milk requires less water than almond milk and aligns with environmental considerations, which have emerged as the main factor boosting the popularity of plant-based dairy. Oat milk continues to be a leading contender in the plant-based dairy sector as consumers look for more sustainable, allergy-friendly alternatives.

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key subsegments, benefiting both market leaders and new entrants.

Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.

Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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