Plant-based Milk Powder Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Persistence Market Research has recently published a detailed report on the Plant-based Milk Powder Market, providing a comprehensive analysis of market trends, growth drivers, challenges, and emerging opportunities. The report offers valuable insights for industry stakeholders seeking to capitalize on the rising demand for plant-based alternatives. As health consciousness and vegan dietary preferences grow worldwide, the plant-based milk powder market is experiencing a significant upward trajectory.

Key Insights:

• Plant-based Milk Powder Market Size (2025E): US$ 454.3 Mn
• Projected Market Value (2032F): US$ 768.6 Mn
• Global Market Growth Rate (CAGR 2025 to 2032): 7.8%

Plant-based Milk Powder Market - Report Scope:

The plant-based milk powder market consists of non-dairy powdered alternatives made from ingredients like almonds, soy, and coconut. These products are increasingly utilized in bakery items, infant formulas, and health-focused food products. With growing consumer awareness around lactose intolerance, animal welfare, and environmental sustainability, plant-based milk powders are gaining preference over traditional dairy. Almond milk powder, in particular, is expected to lead the market, growing at a CAGR of over 6.3% between 2019 and 2024.

Market Growth Drivers:

The growth of the plant-based milk powder market is primarily fueled by shifting consumer dietary habits and rising health awareness. Increased prevalence of lactose intolerance and dairy allergies is steering consumers toward non-dairy options. Additionally, the rise of veganism and flexitarian diets is significantly boosting demand for plant-based alternatives. The longer shelf life and ease of transportation of powdered milk make it more attractive for manufacturers and consumers alike. Food innovation, especially in fortified nutritional products, is also propelling market expansion across various segments.

Market Restraints:

Despite its rapid growth, the market faces a number of constraints. Higher production costs compared to conventional dairy milk can hinder affordability in price-sensitive markets. Taste and texture variations across different plant-based sources may also impact repeat consumer purchases. Nutritional gaps, unless compensated through fortification, can limit the appeal of some plant-based milk powders. Additionally, challenges related to raw material sourcing, such as seasonal availability of nuts or coconuts, can affect supply stability and pricing.

Market Opportunities:

There are ample opportunities for growth in the plant-based milk powder market. Increasing consumer interest in clean-label and functional foods opens doors for innovative product offerings, such as blends fortified with vitamins, minerals, or proteins. Expanding distribution through e-commerce channels enhances accessibility and market reach. Emerging economies, particularly in Asia and Latin America, are showing a growing appetite for dairy alternatives, creating fertile ground for market expansion. Collaborations with health food retailers and sustainable sourcing initiatives are also key areas that can drive differentiation and long-term success.

Key Questions Answered in the Report:

• What key trends are driving the growth of the plant-based milk powder market?
• Which types and applications are gaining the most traction among consumers?
• How is the shift in consumer behavior influencing product innovation?
• Who are the major players in the market, and what strategies are they adopting?
• What regional markets present the highest growth potential?

Competitive Intelligence and Business Strategy:

Key players in the plant-based milk powder market such as Asahi Group Foods, Ltd., NOW Foods, and Unisoy Foods are heavily investing in innovation and sustainable practices. Many companies are focusing on developing nutrient-rich, allergen-free, and clean-label formulations to appeal to health-conscious consumers. Strategic partnerships with online platforms and retailers help improve brand reach and accessibility. Market leaders are also leveraging certifications such as organic and non-GMO to enhance credibility. R&D efforts aimed at improving taste and nutritional value are central to maintaining competitive advantage.

Companies Covered in This Report:

• Asahi Group Foods, Ltd.
• Bulk Barn Foods Limited
• BMS Organics
• NOW Foods
• Unisoy Foods
• Enfamil
• Urban Platter
• Bio Nutrients (India) Pvt. Ltd.
• Chocolate Alchemy
• Jaffe Bros., Inc.

Segmentation of the Plant-based Milk Powder Market:

By Type:

• Almond Milk Powder
• Soy Milk Powder
• Coconut Milk Powder
• Other Types

By Application:

• Bakery & Confectionary
• Nutritional Food
• Infant Formulas

By Distribution Channel:

• Online Sales
• Supermarkets/Hypermarkets
• Specialized Stores
• Convenience Stores
• Retail Stores

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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