Global Plant-based Milk Market Size & Outlook, 2023-2030
The plant-based milk industry worldwide is expected to reach a projected revenue of US$ 32,353.4 million by 2030. A compound annual growth rate of 7.6% is expected of the worldwide plant-based milk industry from 2024 to 2030.
Revenue, 2023 (US$M)
$19,424.7
Forecast, 2030 (US$M)
$32,353.4
CAGR, 2024 - 2030
7.6%
Report Coverage
Worldwide
Global plant-based milk market, 2018-2030 (US$M)
Global plant-based milk market highlights
- The global plant-based milk market generated a revenue of USD 19,424.7 million in 2023 and is expected to reach USD 32,353.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.6% by 2030.
- In terms of segment, almond milk accounted for a revenue of USD 19,424.7 million in 2023.
- Almond Milk is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 19,424.7 million |
| Market revenue in 2030 | USD 32,353.4 million |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Almond milk |
| Fastest growing segment | Almond Milk |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond Milk |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global plant-based milk market in 2023.
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Plant-based Milk Market Scope
Plant-based milk market segmentation & scope
Nature
Organic
Conventional
Flavor
Flavored
Non-Flavored
Distribution Channel
Hypermarkets & Supermarkets
Specialty Stores
Online
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Plant-based Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plant-based milk market size, by regions, 2018-2030 (US$M)
Related regional statistics
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