Dairy Free Evaporated Milk

Global Dairy Free Evaporated Milk Market to Reach US$2.8 Billion by 2030

The global market for Dairy Free Evaporated Milk estimated at US$1.8 Billion in the year 2024, is expected to reach US$2.8 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2024-2030. Soy-based Evaporated Milk, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Almond-based Evaporated Milk segment is estimated at 7.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$483.5 Million While China is Forecast to Grow at 12.1% CAGR

The Dairy Free Evaporated Milk market in the U.S. is estimated at US$483.5 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$592.3 Million by the year 2030 trailing a CAGR of 12.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 7.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Global Dairy-Free Evaporated Milk Market – Key Trends & Growth Drivers Summarized

Why Is Dairy-Free Evaporated Milk Gaining Popularity in the Food and Beverage Industry?

Dairy-free evaporated milk has become a key alternative for consumers seeking lactose-free, vegan, and allergen-friendly milk substitutes. As dietary preferences shift toward plant-based and sustainable food products, dairy-free evaporated milk is emerging as a staple ingredient in baking, cooking, and coffee-based beverages. Unlike traditional evaporated milk, which is made from cow’s milk with reduced water content, dairy-free versions are derived from plant-based sources such as almonds, oats, coconut, soy, and cashews.

The rise in lactose intolerance, dairy allergies, and ethical concerns surrounding animal agriculture has fueled demand for dairy-free evaporated milk. Additionally, the growing popularity of vegan diets and flexitarian eating habits has prompted food manufacturers to develop plant-based alternatives that replicate the taste, texture, and consistency of traditional dairy products. As a result, dairy-free evaporated milk is being incorporated into commercial food production, home cooking, and ready-to-drink beverages, expanding its market potential.

What Are the Latest Innovations in Dairy-Free Evaporated Milk Production?

Advancements in food science and processing technologies have significantly improved the quality and functionality of dairy-free evaporated milk. One of the most notable innovations is the use of enzymatic and fermentation-based techniques to enhance the creaminess, stability, and nutritional profile of plant-based milk alternatives. These methods help improve protein content, mimic dairy-like mouthfeel, and extend shelf life without the need for artificial additives.

Another key development is the fortification of dairy-free evaporated milk with essential vitamins and minerals, such as calcium, vitamin D, and B12, to meet the nutritional needs of consumers transitioning from dairy-based products. Additionally, the integration of clean-label formulations, free from gums, preservatives, and artificial flavorings, has strengthened consumer trust in plant-based dairy alternatives. Companies are also investing in sustainable packaging solutions, such as biodegradable cartons and recyclable cans, aligning with eco-conscious consumer preferences.

How Are Market Trends and Regulatory Guidelines Influencing Dairy-Free Evaporated Milk Adoption?

The increasing focus on sustainability, health-conscious eating, and plant-based diets has shaped the dairy-free evaporated milk market. Consumers are actively seeking products that support digestive health, reduce environmental impact, and cater to diverse dietary needs. The foodservice industry, including coffee chains, bakeries, and restaurants, has embraced dairy-free evaporated milk as a versatile ingredient for creating creamy, non-dairy recipes.

Regulatory agencies such as the U.S. Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) have established guidelines for plant-based dairy labeling, ensuring transparency in ingredient sourcing and nutritional claims. Additionally, food manufacturers must comply with allergen labeling requirements to inform consumers about potential cross-contamination risks. As regulatory bodies continue to refine standards for plant-based dairy alternatives, product innovation and market expansion are expected to accelerate.

What Is Driving the Growth of the Dairy-Free Evaporated Milk Market?

The growth in the dairy-free evaporated milk market is driven by increasing consumer demand for plant-based dairy substitutes, advancements in food processing technology, and expanding applications in foodservice and retail sectors. The rise of health-conscious and environmentally aware consumers has propelled the popularity of dairy-free products, leading to increased investments in alternative dairy research and product development.

End-use expansion is another key factor, with dairy-free evaporated milk being used in coffee creamers, dairy-free desserts, and canned soup formulations. The growing availability of these products in supermarkets, specialty health stores, and e-commerce platforms has further enhanced accessibility. Additionally, collaborations between food manufacturers and plant-based dairy companies are driving product diversification and market penetration. As plant-based dairy alternatives continue to gain mainstream acceptance, the dairy-free evaporated milk market is poised for substantial growth, catering to evolving consumer preferences and dietary trends.

SCOPE OF STUDY:

The report analyzes the Dairy Free Evaporated Milk market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Source (Soy-based Evaporated Milk, Almond-based Evaporated Milk, Coconut-based Evaporated Milk, Oats-based Evaporated Milk, Rice-based Evaporated Milk, Other Sources); Form (Liquid Evaporated Milk, Powdered Evaporated Milk); Application (Bakery Products Application, Confectionery Application, Beverages Application, Infant Formula Application, Ready-to-Eat Meals Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 32 Featured) -

• Alpro (Danone S.A.)
• Blue Diamond Growers
• Califia Farms, LLC
• Dream (Hain Celestial Group)
• Earth`s Own Food Company Inc.
• Edward & Sons Trading Co., Inc.
• Elmhurst 1925
• Fry`s Food Stores (Kroger Co.)
• Good & Gather (Target Corporation)
• H-E-B Grocery Company
• Iberia Foods Corp.
• MTRES FOODS®
• Nature`s Charm Co., Ltd.
• Nestlé S.A.
• Oatly AB
• Pacific Foods of Oregon, LLC
• Samui Foods Co., Ltd.
• Silk (Danone S.A.)
• So Delicious Dairy Free (Danone S.A.)
• The Bridge S.R.L.

AI INTEGRATIONS
We`re transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher. Show more