Plant-based Milk Market is expected to reach USD 38.4 billion by 2030 | Major Companies - Groupe Danone, Pacific Foods of Oregon, Inc., The Hain Celestial Group Inc., Turtle Mountain LLC.

Market Size and Growth:

The Global Plant-based Milk Market size reached USD 18.6 billion in 2022 and is expected to reach USD 38.4 billion by 2030, growing with a CAGR of 9.5% during the forecast period 2024-2031.

The Plant-based Milk Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Plant-based Milk Market encompasses dairy-free beverages made from sources such as soy, almond, oat, rice, coconut, and peas. It serves consumers seeking lactose-free, vegan, and sustainable alternatives to animal milk, driven by health awareness, dietary preferences, environmental concerns, and expanding applications across beverages, food products, and nutrition.

Recent Key Developments of United States:

✅ December 2025: Ripple Foods secured increased investment to expand its organic pea-based milk and protein products, targeting the rising demand for clean, eco-friendly dairy alternatives.

✅ November 2025: The U.S. Senate unanimously passed the amended Whole Milk for Healthy Kids Act (S. 222), expanding access to nutritionally equivalent plant-based milks in the National School Lunch Program for 30 million students, allowing parental requests without physician notes.

✅ June 2025 (noted in recent reports): Kraft Heinz launched its first plant-based Jell-O chocolate pudding using oat milk, aimed at lactose-intolerant and vegan consumers, though outside the exact three-month window.

Recent Key Developments of Europe:

✅ November 2025: Nestlé advanced R&D for oat, soy, rice, almond-based drinks and dairy-plant blends, focusing on sustainable, lactose-free options for European and North American markets.​

✅ October 2025: Wildfarmed and Minor Figures launched regeneratively farmed plant milk in the UK, using sustainable grains to offer environmentally superior dairy-free beverages.​

✅ June 2025 (highlighted in Q4 analyses): Dutch chain Albert Heijn introduced hybrid dairy-plant milk blends in the Netherlands, signaling a shift toward flexible, eco-friendly consumption patterns.​

List of the Key Players in the Plant-based Milk Market:

Groupe Danone
Pacific Foods of Oregon, Inc.
The Hain Celestial Group Inc.
Turtle Mountain LLC
Vitasoy International Holdings Limited
Natura Foods, Sunopta Inc.
Freedom Foods Group Ltd.
Earth's Own Food Company Inc.
Mc Cormick & Co., Goya Foods
The Hershey Company

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Plant-based Milk Market:

By Source: Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Others.

By Packaging: Bottles, Carton Packaging, Pouches.

By Distribution Channel: Retail Stores, Online Sales, Specialty Stores, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Plant-based Milk market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Plant-based Milk Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Plant-based Milk market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Plant-based Milk Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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