Asia Pacific Plant-based Milk Market Size & Outlook
The plant-based milk market in Asia Pacific is expected to reach a projected revenue of US$ 15,859.7 million by 2030. A compound annual growth rate of 8.2% is expected of Asia Pacific plant-based milk market from 2024 to 2030.
Revenue, 2023 (US$M)
$9,145.8
Forecast, 2030 (US$M)
$15,859.7
CAGR, 2024 - 2030
8.2%
Report Coverage
Asia Pacific
Asia Pacific plant-based milk market, 2018-2030 (US$M)
Asia Pacific plant-based milk market highlights
- The Asia Pacific plant-based milk market generated a revenue of USD 9,145.8 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, almond milk was the largest revenue generating product in 2023.
- Almond Milk is the most lucrative product segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 9,145.8 million |
| Market revenue in 2030 | USD 15,859.7 million |
| Growth rate | 8.2% (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, Asia Pacific region accounted for 47.1% of the global plant-based milk market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,859.7 million by 2030.
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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 |
|---|
Asia Pacific plant-based milk market
Related regional statistics
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