Plant-Based Dairy Products Market Growth, Trend, Forecast and Competitive Outlook, 2030
According to MarkNtel Advisors Report, 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.
Plant-Based Dairy Products Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Historical Data: 2020-23
Base Year: 2024
Forecast Period: 2025-2030
High Costs Impeding Market Growth – The high costs of plant-based dairy items present a major obstacle in the worldwide market, restricting their attractiveness to a wider audience. Typically, the products tend to cost more than traditional dairy options because of costly raw materials, unique manufacturing techniques, and reduced economies of scale. For instance; Compared to conventional dairy milk which typically costs only USD 1. 50 for the same amount of plant-based milk costs about USD 3. 50 per half-gallon. Additionally, there is a cost for plant-based manufacturers in terms of the cost of innovation, research, and development to try and perfect the taste and texture. This price gap is most prominent in developing markets, where affordability plays a key role in mass adoption.
The top companies of the Plant-Based Dairy Products market ruling the industry are:
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
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The report has segmented the market into the following categories:
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
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. The desire for more ecologically friendly and healthful options is another factor contributing to this.
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
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
How has the Plant-Based Dairy Products industry been evolving in terms of geography & adoption?
Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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