Middle East & Africa Opportunity: Plant Milk Market to Hit USD 935 Million by 2030

The global plant-based milk market, valued at USD 13.77 billion in 2023, is projected to reach USD 28.78 billion by 2030, driven by a strong 11.1% compound annual growth rate (CAGR) over the forecast period. Consumers are increasingly shifting toward dairy-free alternatives such as almond, soy, oat, and coconut milk due to health benefits, environmental concerns, and lactose intolerance. Carton packaging currently dominates the market, favored for its convenience and sustainability.

Competitive Landscape & Regional Demand

Key players including Groupe Danone, Blue Diamond Growers, Califia Farms, Hain Celestial Group, and Ripple Foods compete aggressively to expand market share. Notably, higher demand is seen in the Asia-Pacific and European regions, driven by growing environmental awareness, increasing vegan populations, and shifting dietary habits.

UNITED STATES - Growth & Opportunity

The United States continues to lead innovation and consumption in the plant-based milk sector:

Growth: The recent acquisition of a majority stake in Kate Farms by Danone significantly strengthens its footprint in U.S. medical nutrition and plant-based formulas.
Opportunity: Almond milk remains the dominant product, with oat and pea milk gaining popularity due to their nutritional benefits.
Trends: Expansion of product lines in major retail and foodservice channels reflects rising consumer demand for fortified and health-focused plant-based beverages.
Consolidation: Strategic acquisitions underline ongoing consolidation among leading dairy alternative brands.
Updation: Industry standards now commonly include fortification with calcium, vitamins B12 and D, and protein blends.

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ASIA-PACIFIC - Trends & Consolidation

Asia-Pacific accounts for nearly 23% of the global plant-based milk market, with a projected CAGR of approximately 9.7%:

Trends: Lactose intolerance and heightened environmental awareness drive adoption, especially in China, Japan, South Korea, and India.
Opportunity: The expanding middle class offers significant untapped potential for premium and innovative plant-based products.
Consolidation: International brands are forming partnerships with local manufacturers to improve distribution and product customization.
Updation: Product reformulations featuring regional flavors such as sesame, coconut, and mung bean cater to local tastes and preferences.

EUROPE - Growth & Opportunity

Europe is one of the largest markets, expected to exceed USD 21 billion by 2025 with a CAGR of roughly 7.2%:

Growth: Health consciousness and sustainability concerns strongly influence consumer purchasing behavior across the continent. Almond milk alone accounts for a significant share of the market.
Opportunity: Established dairy companies are expanding their plant-based portfolios and entering new bio-nutritional segments.
Trends: Oat and pea milk continue to grow rapidly, particularly in the UK, Germany, and Nordic countries.
Consolidation: Mergers and acquisitions involving companies like Danone, Hain Celestial, and Alpro are increasing market competitiveness.
Updation: Emerging regulations on vegan labeling and eco-friendly packaging are reshaping product development strategies.

MIDDLE EAST & AFRICA - Opportunity & Trends

The Middle East and Africa market is estimated at USD 648 million in 2024 and is expected to reach USD 935 million by 2030, growing at a CAGR of approximately 6.1%:

Opportunity: Increasing health awareness and expanding retail infrastructure in the GCC and South Africa create significant growth opportunities.
Trends: Almond and oat milk dominate revenue, while oat milk is the fastest-growing segment.
Consolidation: Local players are forming joint ventures with global brands to develop localized products targeting premium segments.
Updation: Reformulations aimed at halal certification, fortified nutrition, and climate-resilient sourcing are becoming key focus areas.

Region-Specific Mergers & Acquisitions and Key Developments

United States: Danone's acquisition of a majority stake in Kate Farms reflects a strategic push into plant-based medical nutrition.
Europe: Several mergers among leading dairy alternative brands, including Danone, Hain Celestial, and Alpro, continue to strengthen their market positions.
Asia-Pacific: International companies are partnering with local manufacturers, with new deals expected to be announced soon.
Middle East & Africa: Joint ventures in the UAE and South Africa are underway, focusing on fortified almond and oat milks targeted at premium consumers.

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Breaking Down the Plant-Based Milk Market: Key Segments Shaping the Industry

by Product Type

Almond Milk
Soy Milk
Oat Milk
Coconut Milk
Rice Milk
Cashew Milk
Other plant Milks

The market is divided into Almond Milk, Soy Milk, Oat Milk, Coconut Milk, Rice Milk, Cashew Milk, and Other Plant Milks based on the type of product. The market share of plant-based milk is anticipated to be highest over the forecast period, with the almond milk segment dominating the market in 2023. Though its origins are more ancient than one may think, almond milk has become a very popular dairy substitute in recent years. Almonds were used in Europe to make milk alternatives as early as the Middle Ages.

by Packaging

Cartons
Bottles
Tetra Packs

The market is divided into Tetra Packs, Bottles, and Cartons based on packaging. The market for plant-based milk was dominated by the carton segment in 2023 and is anticipated to continue to do so during the forecast period. Because cartons offer a lot of surface area for labeling and branding, manufacturers may efficiently convey to customers product specifications, nutritional information, and branding messages. Customers see carton packing as high-quality and secure. Positive opinions of the goods are influenced by the cartons' resilience and protective qualities.

by Application

Beverages
Cereals
Cooking/Baking
Desserts
Yogurt and Cultured Products

Beverages, Cereals, Cooking/Baking, Desserts, and Yogurt and Cultured Products are the market segments based on application. The beverage segment led the market in 2023 and is anticipated to continue to maintain the biggest market share for plant-based milk during the forecast period. Many drinks, such as coffee, tea, smoothies, and as a stand-alone beverage, contain plant-based milk. Its versatility, whether in flavored or neutral forms, making it a simple and adaptable option for a wide range of beverage applications. Customers looking for dairy-free solutions for their coffee and tea may easily find plant-based milk in numerous coffee shops and cafés, demonstrating the continuous shift toward plant-based options.

by Distribution Channel

Grocery Stores
Online Retail
Health Food Stores

Meet the Industry Leaders Revolutionizing the Plant-Based Milk Market

1. Oatly
2. Groupe Danone
3. The Hain Celestial Group Inc.
4. Vitasoy International Holdings Limited.
5. McCormick & Co.
6. Sunopta Inc
7. Pacific Foods of Oregon, Inc
8. Goya Foods
9. Blue Diamond Growers, Inc.
10. Califia Farms
11. Ripple Foods
12. Sanitarium
13. Ecomil
14. Hiland Dairy
15. Natura Foods
16. Earth's Own Food Company Inc
17. Edward & Sons
18. Chef's Choice Food Manufacturer Company Limited

Uncover Key Insights Answering the Biggest Questions in the Plant-Based Milk Market

What is Plant-Based Milk ?
What is the growth rate of the Plant-Based Milk Market?
Which are the factors expected to drive the Plant-Based Milk market growth?
What is the CAGR at which the Plant-Based Milk market will grow during the forecast period?
What are the different segments of the Plant-Based Milk Market?
Which is the fastest growing region in the Plant-Based Milk market?
What growth strategies are the players considering to increase their presence in Plant-Based Milk ?
What are the upcoming opportunities and trends for the Plant-Based Milk Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Plant-Based Milk Market?
Who are the leading companies and what are their portfolios in Plant-Based Milk Market?
What segments are covered in the Plant-Based Milk Market?
Who are the key players in the Plant-Based Milk market?

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Explore the Revolutionary Products Powering Market Success

Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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