Press release
Mexico Leads Latin America Plant-Based Dairy Market, Driving Growth to USD 2.54 Billion By 2030: MarkNtel Advisors
How Big is the Latin America Plant-Based Dairy Products Market?
◾ Market Size in 2024: USD 1.38 billion
◾ Market Size by 2030: USD 2.54 billion
◾ CAGR (2025-30): 10.81%
◾ Historical Years: 2020-2023
◾ Base Year: 2024
◾ Forecast Years: 2025-2030
◾ Leading Country: Mexico dominates with about 32% of the regional market value.
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Top Latin America Plant-Based Dairy Products Companies: 2025-30
The major companies operating in the Latin America Plant-Based Dairy Products Market include:
◾ Danone
◾ Coca Cola Brazil
◾ NotCo
◾ Grupo Gloria SA
◾ Grupo Industrial Cuadritos Biotek
◾ Mastellone Hermanos S.A.
◾ Grupo Lala
◾ General Mills
◾ Flora Food Group
◾ Ecotone
◾ Other Players
Emerging Trends in the Latin America Plant-Based Dairy Products Market
The Latin America Plant-Based Dairy Products Market is witnessing an influx of innovative trends that are reshaping consumer choices. One notable trend is the rising popularity of oat milk, which has gained traction among health-conscious and eco-aware consumers in countries like Brazil and Mexico. Moreover, there's an increasing demand for products catering to lactose-intolerant individuals, with market research indicating that around 70% of Latin Americans struggle with lactose intolerance. The growing middle class in these regions is also inclined to choose health-centric and sustainable alternatives, driving the demand for organic and plant-based products. Initiatives focused on sustainability and reduced environmental impacts are resonating well with consumers, making plant-based dairy an attractive choice.
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Latin America Plant-Based Dairy Products Market Segmentation Insights
By Product
◾ Plant-based Milk (Almond milk, Oat Milk, Soy Milk, Coconut Milk)
◾ Plant-based Cheese (Nut-based Cheese, Soy-based Cheese)
◾ Plant-based Yogurt (Almond Yogurt, Coconut Yogurt, Soy Yogurt)
◾ Plant-based Butter
According to report, the plant-based milk is the most popular product, making up around 50% of the market. As more people become aware of health and environmental issues, they are turning to dairy milk alternatives.
By Source
◾ Fruits
◾ Vegetables
◾ Seeds & Nuts
◾ Others
By Sales Channel
◾ Supermarket/Hypermarket
◾ Convenience Stores
◾ Specialty Stores
◾ Online Stores
◾ Others
By Nature
◾ Organic
◾ Conventional
According to report, the organic plant-based dairy products hold the largest market share of about 65%. This dominance is mainly attributed to the need to have healthier and environmentally friendly products.
By End Use
◾ Bakery & Confectionery
◾ Snacks & Savories
◾ Ready to Eat Meals
◾ HoReCa
◾ Dietary Supplements
◾ Others
By Country
◾ Brazil
◾ Mexico
◾ Argentina
◾ Peru
◾ Chile
◾ Ecuador
◾ Colombia
◾ Rest of Latin America
According to report, the Mexico dominates the Latin America plant-based Dairy Products Market. It holds about 32% of the total regional market value.
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Market Forecast Overview (2025-2030)
◾ CAGR Projection (20250-30): Estimated at 10.81%
◾ Largest Market Segment: Plant-based Milk dominates the overall market with 50% share.
◾ Top Region or Country: Mexico continues to lead the market, contributing significantly to the growth.
◾ Key Growth Drivers: The increasing demand for vegan and flexitarian diets is a primary driver, along with rising consumer awareness regarding health, sustainability, and lactose intolerance.
Frequently Asked Questions
◾ What is the Latin America Plant-Based Dairy Products market size?
◾ What is the market share of the Latin America Plant-Based Dairy Products industry?
◾ Who are the top 10 companies in the Latin America Plant-Based Dairy Products market?
◾ What are the latest trends in the Latin America Plant-Based Dairy Products market?
◾ What statistics support the growth of the Latin America Plant-Based Dairy Products market?
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Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
About MarkNtel Advisors:
We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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