Press release
Plant-Based Milk Gains Popularity in Southeast Asia: 38% Prefer Alternatives Over Dairy
The Southeast Asia Plant-Based Dairy Products Market is rapidly expanding, driven by rising health consciousness and increasing demand for lactose-free alternatives. Valued at approximately USD 1.41 billion in 2024, the market is projected to reach USD 1.98 billion by 2030. With a compound annual growth rate (CAGR) of around 6.88% during the forecast period, the market is witnessing significant evolution, catering to diverse consumer preferences and dietary needs.How Big is the Southeast Asia Plant-Based Dairy Products Market?
◾ Market Size in 2024: USD 1.41 billion
◾ Market Size by 2030: USD 1.98 billion
◾ CAGR (2025-30): 6.88%
◾ Historical Years: 2020-2023
◾ Base Year: 2024
◾ Forecast Years: 2025-2030
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Top Southeast Asia Plant-Based Dairy Products Companies: 2025-30
The major companies operating in the Southeast Asia Plant-Based Dairy Products Market include:
◾ Alpro
◾ Oatly Group
◾ Vinamilk
◾ Valsoia
◾ Sysco Simply
◾ Plantstrong
◾ SunOpta
◾ Pacific Foods
◾ Tetra Pak
◾ Ripple Foods
◾ Yofiit
◾ Hain Celestial
◾ Other Players
Emerging Trends in the Southeast Asia Plant-Based Dairy Products Market
The Southeast Asia Plant-Based Dairy Products Market is evolving with several notable trends. The increasing focus on health and wellness is reshaping consumer preferences, leading to a surge in demand for plant-based alternatives to traditional dairy products. Particularly, sugar-free beverages are gaining momentum, aligning with the health-conscious consumers who are increasingly wary of sugar intake. Additionally, the popularity of oat-based products continues to grow, thanks to their favorable taste and texture, appealing to a wide audience. Sustainability is another crucial factor driving market dynamics, as consumers prioritize environmental concerns while making purchasing decisions. Companies are likely to capitalize on these trends by launching innovative production practices that emphasize health benefits and sustainability.
View Full Research Report [TOC + chart + full description]: https://www.marknteladvisors.com/research-library/southeast-asia-plant-based-dairy-products-market.html
Southeast Asia Plant-Based Dairy Products Market Segmentation Insights
By Type
◾ Milk
◾ Cheese
◾ Yogurt
◾ Others
According to report, based on the type of plant-based dairy product, the milk segment holds a major market share of around 72%.
By Nature
◾ Organic
◾ Conventional
By Material
◾ Almonds
◾ Soybean
◾ Blends
◾ Coconuts
◾ Oats
◾ Rice
◾ Others
According to report, based on the type of material, oats-based dairy products hold a major market share of around 43%.
By Sales Channel
◾ Supermarkets/Hypermarkets
◾ Convenience Stores
◾ Specialty Stores
◾ E-Commerce
◾ Others
By End Use
◾ Bakery & Confectionary
◾ Snacks & Savouries
◾ Ready Meals
◾ HoReCa
◾ Dietary Supplements
◾ Others
By Country
◾ Singapore
◾ Malaysia
◾ Indonesia (leads the market with a share of around 47%.)
◾ Thailand
◾ Philippines
◾ Vietnam
◾ Rest of Southeast Asia
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Market Forecast Overview (2025-2030)
◾ CAGR Projection: 6.88%
◾ Largest Market Segment: Milk
◾ Top Country: Indonesia, holding a 47% market share
◾ Key Growth Drivers: Increasing prevalence of lactose intolerance, Rising concern over health issues such as cardiac diseases, Demand for sustainable products, Enhancements in product taste and quality, Expanding availability through diverse sales channels
Frequently Asked Questions (FAQs)
◾ What is the Southeast Asia Plant-Based Dairy Products market size?
◾ What is the market share of the Southeast Asia Plant-Based Dairy Products?
◾ Who are the top 10 Southeast Asia Plant-Based Dairy Products companies?
◾ What are the key trends in the Southeast Asia Plant-Based Dairy Products market?
◾ What are the market statistics for the Southeast Asia Plant-Based Dairy Products?
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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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