How Has the Milk Substitutes (Non dairy milk) Market Evolved Historically and What is its Current Size
The milk substitutes (non dairy milk) market has seen considerable growth due to a variety of factors.
• The market size for non-dairy milk, also known as milk substitutes, has seen substantial growth in recent years. The market, which was valued at $39.15 billion in 2024, is expected to ascend to $44.77 billion in 2025 following a compound annual growth rate (CAGR) of 14.4%.
The growth during the historic period is linked to the rise in health and wellness trends, growing awareness about lactose intolerance, the popularity of vegan and plant based lifestyles, an array of product options, and concerns related to environment and ethics.
What Is The Expected Growth In The Milk Substitutes (Non dairy milk) Market Size?
The milk substitutes (non dairy milk) market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for milk substitutes, also known as non-dairy milk, is anticipated to experience significant growth in the forthcoming years. It is projected to reach a value of $78.96 billion by 2029, expanding at a compound annual growth rate (CAGR) of 15.2%.
The growth during this forecast period can be credited to the increasing demand for plant-based protein, innovative product formulations, widened distribution channels, culinary uses and food trends, along with governmental support and regulations. Key trends for the forecast period encompass the increased popularity of blended and functional varieties, customization and personalization, broadened distribution channels, positioning in the health and wellness sector, and the increasing demand for barista-grade types.
What Are The Key Drivers Fueling Growth In The Milk Substitutes (Non dairy milk) Market?
The growing inclination of consumers towards vegan food is propelling the demand for milk substitutes. There's been an increased consciousness about maltreatment of animals in dairy farms, resulting in further avoidance of animal-derived products. Vegan milk, which is devoid of cholesterol and packed with Vitamin D and protein, provides more calcium than its animal milk counterpart. For instance, in a report issued by the Plant Based Foods Association, a food and beverage establishment based in the US, the sale of plant-based food in 2022 experienced a growth of 6.6% which was a rise from the 5.9% in 2021, accompanied by an average retail price surge of 10% by May 2023. Therefore, the escalating preference of consumers for vegan food is fueling the milk substitute market in the future.
What Are The Primary Segments In The Global Milk Substitutes (Non dairy milk) Market?
The milk substitutes (non dairy milk) market covered in this report is segmented –
1) By Type: Soy Milk, Almond Milk, Rice Milk, Other Types
2) By Formulation: Plain-Sweetened, Plain-Unsweetened, Flavored-Sweetened, Other Formulations
3) By Distribution Channel: Super markets, Hyper markets, Convenience Stores, Specialty Stores, Online Retail Stores, Other Distribution Channels
4) By Application: Food, Beverages
Subsegments:
1) By Soy Milk: Unsweetened Soy Milk, Sweetened Soy Milk, Flavored Soy Milk
2) By Almond Milk: Unsweetened Almond Milk, Sweetened Almond Milk, Flavored Almond Milk
3) By Rice Milk: Original Rice Milk, Flavored Rice Milk, Organic Rice Milk
4) By Other Types: Coconut Milk, Oat Milk, Hemp Milk, Cashew Milk, Pea Milk
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Which Key Trends Are Driving Changes In The Milk Substitutes (Non dairy milk) Market?
In the final month of 2022, Milk Specialties Global, a US-based manufacturer of milk replacer was obtained by Butterfly Equity, a private food firm from the United States, for an anonymous sum. This purchase not only broadens, but also diversifies and elevates the product range of Butterfly by integrating scientifically-grounded nutritional dairy commodities and dairy protein constituents, inclusive of non-dairy milk products.
Who Are the Key Players in the Milk Substitutes (Non dairy milk) Market?
Major companies operating in the milk substitutes (non dairy milk) market include:
• Archer Daniels Midland Company
• Nutriops S.L.
• Hain Celestial Group Inc.
• Blue Diamond Growers Inc.
• Organic Valley Cooperative
• SunOpta Inc.
• Chobani LLC
• Vitasoy International Holdings Limited
• Oatly AB
• Freedom Foods Group Limited
• Sanitarium Health and Wellbeing Company
• Valsoia S.p.A.
• Califia Farms LLC
• Eden Foods Inc.
• Earth's Own Food Company
• Daiya Foods Inc.
• Ripple Foods Inc.
• Miyoko's Creamery
• Mariani Nut Co. Inc.
• NadaMoo! LLC
• Triballat Noyal SAS
• Malk Organics Inc.
• Good Karma Foods LLC
• Elmhurst 1920 Inc.
• Pacific Foods of Oregon LLC
• Silk North America LLC
• So Delicious Dairy Free
• Alpro (UK) Limited
• Coconut Dream Inc.
• Dream Products LLC
• Forager Project LLC
• Happy Planet Foods Inc.
• Kite Hill Foods LLC
• Milkadamia Inc.
• Mooala Brands LLC
• Nutpods LLC
• Rude Health Inc.
• Sproud Limited
What Is The Most Dominant Region In The Milk Substitutes (Non dairy milk) Market?
North America was the largest region in the milk substitutes (nondairy milk) market in 2024. Western Europe was the second largest region in the global milk substitutes (nondairy milk) market share. The regions covered in the milk substitutes (non dairy milk) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
