Non-Dairy Milk Alternatives Market was valued at USD 21.02 Billion in 2022 and is projected to reach USD 40.73 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
From 2018 to 2022, almond milk and oat milk were among the most popular non-dairy milk alternatives, with oat milk becoming a favorite due to its creamy texture and versatility in coffee. The market has also seen an increased focus on innovation, with brands expanding their product offerings to include fortified versions of non-dairy milks that provide additional nutritional benefits like vitamin D and calcium. Plant-based milk alternatives have also seen increased shelf space in grocery stores, with consumer awareness rising through online discussions, social media trends, and influencer endorsements.
The 2023-2033 outlook for non-dairy milk alternatives reflects an even more accelerated demand. As the market continues to expand, there is an increasing interest in newer plant-based milk alternatives, such as hemp milk, pea protein-based milk, and macadamia milk. The market is also seeing growth in the development of more sustainable packaging options to align with consumer preferences for environmentally friendly products. Market dynamics indicate that the demand will be driven by ongoing health trends, consumer preference for vegan and lactose-free options, as well as the rise of flexitarian diets. This increase in adoption is expected to be seen not only in developed countries but also in emerging markets where health awareness and the demand for plant-based products are growing.
As we look toward the future, non-dairy milk alternatives are expected to play a significant role in reshaping the global dairy market, with substantial investments in innovation and sustainability efforts by key industry players. The increasing variety of non-dairy milk options is likely to appeal to a broad consumer base, which will continue to influence market dynamics and trends.
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The non-dairy milk alternatives market has experienced a significant surge in growth from 2018 to 2022, driven by increasing consumer demand for plant-based products. This shift has largely been influenced by changing dietary preferences, with more people seeking dairy-free options due to health concerns, environmental reasons, and dietary restrictions. As more consumers adopt plant-based lifestyles, the demand for non-dairy milk alternatives like almond milk, soy milk, oat milk, and coconut milk has soared. According to market research, the global non-dairy milk market was valued at approximately $21 billion in 2022, and it is expected to continue growing at a compound annual growth rate (CAGR) of 10-12% through 2027.
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth's Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)
Hebei Yangyuan Zhihui
He Bei Cheng De Lolo
Coconut Palm Group
V V Food and Beverage
Vitasoy International Holdings
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Non-Dairy Milk Alternatives Market
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
Based on Types the Market is categorized into Below types that held the largest Non-Dairy Milk Alternatives market share In 2023.
Almond
Soy
Coconut
Rice
Oats
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Non-Dairy Milk Alternatives Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Non-Dairy Milk Alternatives Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Dairy Milk Alternatives Market, By Type
6. Global Non-Dairy Milk Alternatives Market, By Application
7. Global Non-Dairy Milk Alternatives Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Non-Dairy Milk Alternatives Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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