Global Plant Milk Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Plant Milk Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Plant Milk Market Size and Projected Growth Rate?
The plant milk market size has grown from $18.99 billion in 2024 to $21.72 billion in 2025, with a CAGR of 14.3%. Growth is attributed to increasing demand for plant-based diets, industry collaborations, focus on health and wellness, environmental considerations, and sustainable production practices.

The plant milk market is expected to grow to $36.99 billion by 2029, at a CAGR of 14.2%. The market is growing due to urbanization, the vegan population increase, demand for organic foods and beverages, lactose-free milk, and dairy alternatives. Trends include innovative plant milk varieties, new flavors and textures, strategic marketing, and technological advancements.

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What Are the Major Segments in the Plant Milk Market?
The plant milkmarket covered in this report is segmented -

1) By Type: Coconut, Soy, Almond, Rice, Oat, Other Types
2) By Formulation: Unsweetened, Sweetened
3) By Packaging: Bottles, Pouches, Cartons
4) By Application: Food And Beverage Industry, Household, Hotels And Restaurants, Other Applications
5) By End-User: Mainstream Stores, Specialty Stores, Other End-Users

Subsegments:
1) By Coconut Milk: Canned Coconut Milk, Carton Coconut Milk, Coconut Cream
2) By Soy Milk: Original Soy Milk, Vanilla Soy Milk, Unsweetened Soy Milk, Fortified Soy Milk
3) By Almond Milk: Sweetened Almond Milk, Unsweetened Almond Milk, Vanilla Almond Milk, Chocolate Almond Milk
4) By Rice Milk: Original Rice Milk, Vanilla Rice Milk, Chocolate Rice Milk
5) By Oat Milk: Original Oat Milk, Vanilla Oat Milk, Barista Oat Milk
6) By Other Types: Hemp Milk, Pea Milk, Cashew Milk, Flax Milk, Quinoa Milk

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What Are The Driving Plant Milk Market Evolution?
The growing vegan population is expected to drive the growth of the plant milk market. As people adopt vegan lifestyles for ethical, environmental, or health reasons, the demand for plant-based milk increases. For example, a Finder.com survey revealed that the vegan population in Great Britain grew from 1.1 million in 2023 to 2.5 million in 2024. As a result, the expanding vegan population is contributing to the growth of the plant milk market.

Which Firms Dominate The Plant Milk Market Segments?
Major companies operating in the plant milk market are Danone S.A., Campbell Soup Company, Döhler Gmbh, Mc Cormick & Company Inc., Univar Solutions Inc., The Hain Celestial Group Inc., Blue Diamond Growers Inc., Goya Foods Inc., Fazer, Oatly Group AB, Califia Farms LLC, Pacific Foods, Earth's Own Food Company Inc., Ripple Foods, Oatsome, Elmhurst Milked Direct LLC, Good Karma Foods Inc., Elden Foods LLC, Natura Foods, Alpina Foods LLC

What Are the Major Trends Shaping the Plant Milk Market?
In the plant milk market, companies are innovating to meet the rising demand for dairy-free options, such as creamy plant milk with a thicker texture similar to traditional dairy milk. In February 2024, Califia Farms LLC launched Califia Farms Complete, a creamy plant milk made from pea, chickpea, and fava bean proteins. This product matches the nutritional profile of dairy milk while reducing sugar by 50%, providing essential nutrients like protein, calcium, and vitamins A, D, and B12 in an eight-ounce serving.

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Which Is The Largest Region In The Plant Milk Market?
North America was the largest region in the plant milk market in 2024. The regions covered in the plant milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plant Milk Market?
2. What is the CAGR expected in the Plant Milk Market?
3. What Are the Key Innovations Transforming the Plant Milk Industry?
4. Which Region Is Leading the Plant Milk Market?

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