Global Plant Milk Market Growth, Size, Trends Analysis - By Source, By Distribution Channel, By Formulation, By Packaging - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Global Plant Milk Market Introduction and Overview

According to SPER market research, ‘Global Plant Milk Market Size- By Source, By Distribution Channel, By Formulation, By Packaging – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global Plant Milk Market is predicted to reach 40.97 billion by 2034 with a CAGR of 6.86%.

Plant milk also known as plant-based milk or non-dairy milk, is a liquid food product made by extracting plant material in water. It is occasionally enhanced with additional ingredients to improve its texture, flavor, and nutritional content. It is used in place of traditional animal-based milk by people who are vegan, lactose intolerant, allergic to dairy, or searching for healthier or more ecologically friendly alternatives.

Restraints: The global plant milk business faces many major obstacles to broader acceptance. The first major barrier is still price competitiveness. Plant-based milks are generally more expensive than dairy milk because of higher manufacturing costs, sourcing limitations for raw materials, and restricted economies of scale. They are less accessible due to this price difference, especially in places where customers are cost-conscious.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034

Segments covered

By Source, By Distribution Channel, By Formulation, By Packaging
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Blue Diamond Growers, Califia Farms, Danone, Elmhurst 1925, Mooala, Nestlé, Oatly AB, Pacific Foods, Plenish, and Ripple Foods.

Global Plant Milk Market Segmentation:

By Source: Based on the Source, Global Plant Milk Market is segmented as; Soy, Almond, Oat, Rice, Coconut, Others, Insect.

By Distribution Channel: Based on the Distribution Channel, Global Plant Milk Market is segmented as; Mainstream Stores, Specialty Stores, Others (online, natural food stores.

By Formulation: Based on the Formulation, Global Plant Milk Market is segmented as; Unsweetened, Sweetened.

By Packaging: Based on the Packaging, Global Plant Milk Market is segmented as; Carton packaging, Bottles, Pouches.

By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa. Show more