Latin America Plant-based Milk Market Size & Outlook
The plant-based milk market in Latin America is expected to reach a projected revenue of US$ 1,407.4 million by 2030. A compound annual growth rate of 7.4% is expected of Latin America plant-based milk market from 2024 to 2030.
Revenue, 2023 (US$M)
$851.8
Forecast, 2030 (US$M)
$1,407.4
CAGR, 2024 - 2030
7.4%
Report Coverage
Latin America
Latin America plant-based milk market, 2018-2030 (US$M)
Latin America plant-based milk market highlights
- The Latin America plant-based milk market generated a revenue of USD 851.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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.
Latin America data book summary
| Market revenue in 2023 | USD 851.8 million |
| Market revenue in 2030 | USD 1,407.4 million |
| Growth rate | 7.4% (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, Latin America region accounted for 4.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
|---|
Latin America plant-based milk market
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
