Global Plant-based Milk Market Size & Outlook, 2024-2030
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 7.4% is expected of the worldwide plant-based milk industry from 2025 to 2030.
Revenue, 2024 (US$M)
$20,838.8
Forecast, 2030 (US$M)
$32,353.4
CAGR, 2025 - 2030
7.4%
Report Coverage
Worldwide
Global plant-based milk market, 2018-2030 (US$M)
Related Markets
Global plant-based milk market highlights
- The global plant-based milk market generated a revenue of USD 20,838.8 million in 2024 and is expected to reach USD 32,353.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.4% by 2030.
- In terms of segment, almond milk accounted for a revenue of USD 12,179.0 million in 2024.
- Oat 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 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 20,838.8 million |
| Market revenue in 2030 | USD 32,353.4 million |
| Growth rate | 7.4% (CAGR from 2025 to 2030) |
| Largest segment | Almond milk |
| Fastest growing segment | Oat Milk |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk |
Other key industry trends
- In terms of revenue, the North America accounted for 23.4% of the global plant-based milk market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 3,971.3 million by 2030.
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Plant-based Milk Market Scope
Plant-based milk market segmentation & scope
Plant-based Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global plant-based milk market size, by regions, 2018-2030 (US$M)
Top 10 countries: Plant-based milk market size, 2024 (US$M)
Global plant-based milk market share, by product, 2024 & 2030 (%, US$M)
Plant-based milk market: Opportunity assessment by country
Global plant-based milk market, by region, 2024 (US$M)
Related regional statistics
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