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Vegan Milk and Cereal Milk Market Size, Share, and Outlook, 2025 Report- By Type (Soy, Coconut, Rice, Oats, Others), Form (Liquid, Powder), Source (Organic, Conventional), Ingredient (Beans, Nuts, Seeds, Grains, Others), Application (Direct Drink, Bakery,

Publisher VPA Research
Published Jun 01, 2025
Length 185 Pages
SKU # VPA20047399

Description

Vegan Milk and Cereal Milk Market Outlook

The global Vegan Milk and Cereal Milk market is expected to register a growth rate of 14.1% during the forecast period from $48.5 Billion in 2024 to $139.3 Billion in 2032. The Vegan Milk and Cereal Milk market is a thriving business that is poised to keep growing and presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Vegan Milk and Cereal Milk segments across 22 countries from 2021 to 2032. Key segments in the report include By Type(Soy, Coconut, Rice, Oats, Others), Form (Liquid, Powder), Source (Organic, Conventional), Ingredient (Beans, Nuts, Seeds, Grains, Others), Application (Direct Drink, Bakery, Ice Cream, Cheese, Confectionery, Others), Distribution Channel (Online, Offline). Over 70 tables and charts showcase findings from our latest survey report on Vegan Milk and Cereal Milk markets.

Vegan Milk and Cereal Milk Market Insights, 2025

The Vegan Milk and Cereal Milk Market in 2025 is rapidly growing as consumers increasingly seek plant-based dairy alternatives that cater to lactose intolerance, allergies, and sustainability concerns. This market segment includes a variety of milk alternatives derived from nuts, grains, legumes, and seeds, tailored to mimic the flavor and nutritional profile of traditional cow’s milk. Cereal milk, inspired by nostalgic flavors of milk soaked with cereal, is emerging as an innovative niche product, appealing to younger consumers with adventurous palates. Key drivers include clean-label formulations, fortification with vitamins and minerals, and improved texture through advanced processing techniques. Expanding distribution via grocery stores, cafés, and e-commerce platforms, along with collaborations between plant-based brands and cereal manufacturers, further fuel market growth.

Five Trends that will define global Vegan Milk and Cereal Milk market in 2025 and Beyond

A closer look at the multi-million global market for Vegan Milk and Cereal Milk identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Vegan Milk and Cereal Milk companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Vegan Milk and Cereal Milk industry?

The Vegan Milk and Cereal Milk sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2030. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Vegan Milk and Cereal Milk Market Segment Insights

The Vegan Milk and Cereal Milk industry presents strong offers across categories. The analytical report offers forecasts of Vegan Milk and Cereal Milk industry performance across segments and countries. Key segments in the industry include- By Type(Soy, Coconut, Rice, Oats, Others), Form (Liquid, Powder), Source (Organic, Conventional), Ingredient (Beans, Nuts, Seeds, Grains, Others), Application (Direct Drink, Bakery, Ice Cream, Cheese, Confectionery, Others), Distribution Channel (Online, Offline). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Vegan Milk and Cereal Milk market size outlook is provided for 22 countries across these regions.

Market Value Chain

The chapter identifies potential companies and their operations across the global Vegan Milk and Cereal Milk industry ecosystem. It assists decision-makers in evaluating global Vegan Milk and Cereal Milk market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Vegan Milk and Cereal Milk industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Vegan Milk and Cereal Milk Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Vegan Milk and Cereal Milk Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Vegan Milk and Cereal Milk with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Vegan Milk and Cereal Milk market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Vegan Milk and Cereal Milk market Insights- Executives are most excited about opportunities for the US Vegan Milk and Cereal Milk industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Vegan Milk and Cereal Milk companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Vegan Milk and Cereal Milk market.

Latin American Vegan Milk and Cereal Milk market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Vegan Milk and Cereal Milk Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Vegan Milk and Cereal Milk markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Vegan Milk and Cereal Milk markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Vegan Milk and Cereal Milk companies outcompete in 2025?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Danone S.A., Blue Diamond Growers, Oatly AB, Kikkoman Corporation, Califia Farms, LLC, Ezaki Glico Co., Ltd., Ripple Foods PBC, Marusan-Ai Co., Ltd., Campbell Soup Company, SunOpta Inc., Nutrisoya Foods Inc., Elmhurst 1925, Inc, Panos Brands LLC, Jindilli, LLC.

Vegan Milk and Cereal Milk Market Scope

Leading Segments

By Type

Soy

Coconut

Rice

Oats

Others

By Form

Liquid

Powder

By Source

Organic

Conventional

By Ingredient

Beans

Nuts

Seeds

Grains

Others

By Application

Direct Drink

Bakery

Ice Cream

Cheese

Confectionery

Others

By Distribution Channel

Online

Offline

Leading Companies

Danone S.A.

Blue Diamond Growers

Oatly AB

Kikkoman Corporation

Califia Farms, LLC

Ezaki Glico Co., Ltd.

Ripple Foods PBC

Marusan-Ai Co., Ltd.

Campbell Soup Company

SunOpta Inc.

Nutrisoya Foods Inc.

Elmhurst 1925, Inc

Panos Brands LLC

Jindilli, LLC

Geographies

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Nordics, BeNeLux, Others

Asia Pacific- China, India, Japan, South Korea, Australia, South East Asia, Others

Latin America- Brazil, Argentina, Others

Middle East and Africa- Saudi Arabia, UAE, Other Middle East, South Africa, Other Africa

Reasons to Buy the report
  • Make informed decisions through long and short-term forecasts across 22 countries and segments.
  • Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
  • Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
  • Get an integrated understanding of the entire market ecosystem and companies.
  • Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
  • Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
  • Get free Excel spreadsheet and PPT versions along with the report PDF.

Table of Contents

185 Pages
1. Table of Contents
List of Figures and Tables
2. Executive Summary
2.1 Key Highlights
2.1.1 Vegan Milk and Cereal Milk Market Size Outlook, 2018-2024 and 2025-2032
2.1.2 Largest Vegan Milk and Cereal Milk Market Types and Applications
2.1.3 Fastest Growing Segments
2.1.4 Potential Markets
2.1.5 Market Concentration
2.2 Market Scope and Segmentation
2.2.1 Market Scope- Segments
2.2.2 Market Scope- Countries
2.2.3 Macroeconomic and Demographic Outlook
2.2.4 Abbreviations
2.2.5 Units and Currency Conversions
3. Research Methodology
3.1 Primary Research Surveys
3.2 Secondary Data Sources
3.3 Data Triangulation
3.4 Forecast Methodology
3.5 Assumptions and Limitations
4. Introduction to Global Vegan Milk and Cereal Milk Market in 2025
4.1 Industry Panorama
4.2 Leading Companies Profiled in the Study
4.3 Asia Pacific Markets offer Robust Market Prospects for New Entrants
4.4 Market Dynamics
4.4.1 Market Dynamics- Trends and Drivers
4.4.2 Market Dynamics- Opportunities and Challenges
4.5 Regional Analysis
4.6 Porter’s Five Force Analysis
4.6.1 Intensity of Competitive Rivalry
4.6.2 Threat of New Entrants
4.6.3 Threat of Substitutes
4.6.4 Bargaining Power of Buyers
4.6.5 Bargaining Power of Suppliers
4.7 Vegan Milk and Cereal Milk Industry Value Chain Analysis
4.7.1 Stage of Value Chain
4.7.2 Key Activities of Companies
4.7.3 Companies Included in Each Stage
4.7.4 Key Insights
5. Vegan Milk and Cereal Milk Market Outlook to 2032
5.1 Market Size Forecast by Type, 2021-2024 and 2025-2032
5.2 Market Size Forecast by Application, 2021-2024 and 2024-2032
5.3 Market Size Forecast by Geography, 2021-2024 and 2024-2032
By Type
Soy
Coconut
Rice
Oats
Others
By Form
Liquid
Powder
By Source
Organic
Conventional
By Ingredient
Beans
Nuts
Seeds
Grains
Others
By Application
Direct Drink
Bakery
Ice Cream
Cheese
Confectionery
Others
By Distribution Channel
Online
Offline
6. Global Vegan Milk and Cereal Milk Market Outlook across Growth Scenarios
6.1 Low Growth Scenario
6.2 Base/Reference Case
6.3 High Growth Scenario
6. North America Vegan Milk and Cereal Milk Market Size Outlook
6.1 Key Market Statistics, 2024
6.2 North America Vegan Milk and Cereal Milk Market Trends and Growth Opportunities
6.2.1 North America Vegan Milk and Cereal Milk Market Outlook by Type
6.2.2 North America Vegan Milk and Cereal Milk Market Outlook by Application
6.3 North America Vegan Milk and Cereal Milk Market Outlook by Country
6.3.1 The US Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
6.3.2 Canada Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
6.3.3 Mexico Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7. Europe Vegan Milk and Cereal Milk Market Size Outlook
7.1 Key Market Statistics, 2024
7.2 Europe Vegan Milk and Cereal Milk Market Trends and Growth Opportunities
7.2.1 Europe Vegan Milk and Cereal Milk Market Outlook by Type
7.2.2 Europe Vegan Milk and Cereal Milk Market Outlook by Application
7.3 Europe Vegan Milk and Cereal Milk Market Outlook by Country
7.3.2 Germany Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.3 France Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.4 The UK Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.5 Spain Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.6 Italy Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.7 Russia Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
7.3.8 Rest of Europe Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8. Asia Pacific Vegan Milk and Cereal Milk Market Size Outlook
8.1 Key Market Statistics, 2024
8.2 Asia Pacific Vegan Milk and Cereal Milk Market Trends and Growth Opportunities
8.2.1 Asia Pacific Vegan Milk and Cereal Milk Market Outlook by Type
8.2.2 Asia Pacific Vegan Milk and Cereal Milk Market Outlook by Application
8.3 Asia Pacific Vegan Milk and Cereal Milk Market Outlook by Country
8.3.1 China Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.2 India Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.3 Japan Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.4 South Korea Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.5 Australia Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.6 South East Asia Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
8.3.7 Rest of Asia Pacific Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
9. South America Vegan Milk and Cereal Milk Market Size Outlook
9.1 Key Market Statistics, 2024
9.2 South America Vegan Milk and Cereal Milk Market Trends and Growth Opportunities
9.2.1 South America Vegan Milk and Cereal Milk Market Outlook by Type
9.2.2 South America Vegan Milk and Cereal Milk Market Outlook by Application
9.3 South America Vegan Milk and Cereal Milk Market Outlook by Country
9.3.1 Brazil Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
9.3.2 Argentina Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
9.3.3 Rest of South and Central America Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10. Middle East and Africa Vegan Milk and Cereal Milk Market Size Outlook
10.1 Key Market Statistics, 2024
10.2 Middle East and Africa Vegan Milk and Cereal Milk Market Trends and Growth Opportunities
10.2.1 Middle East and Africa Vegan Milk and Cereal Milk Market Outlook by Type
10.2.2 Middle East and Africa Vegan Milk and Cereal Milk Market Outlook by Application
10.3 Middle East and Africa Vegan Milk and Cereal Milk Market Outlook by Country
10.3.1 Saudi Arabia Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10.3.2 The UAE Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10.3.3 Rest of Middle East Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10.3.4 South Africa Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10.3.5 Egypt Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
10.3.6 Rest of Africa Vegan Milk and Cereal Milk Market Outlook, 2021- 2032
11. Company Profiles
11.1 Leading 10 Companies
Danone S.A.
Blue Diamond Growers
Oatly AB
Kikkoman Corporation
Califia Farms, LLC
Ezaki Glico Co., Ltd.
Ripple Foods PBC
Marusan-Ai Co., Ltd.
Campbell Soup Company
SunOpta Inc.
Nutrisoya Foods Inc.
Elmhurst 1925, Inc
Panos Brands LLC
Jindilli, LLC
11.2 Overview
11.3 Products and Services
11.4 SWOT Profile
12. Appendix
12.1 Subscription Options
12.2 Customization Options
12.3 Publisher Details
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