Non-dairy Milk Market, Global Outlook and Forecast 2024-2030
The global Non-dairy Milk market size was valued at US$ 23.45 billion in 2024 and is projected to reach US$ 45.67 billion by 2030, at a CAGR of 11.8% during the forecast period 2024-2030.
The United States Non-dairy Milk market size was valued at US$ 7.89 billion in 2024 and is projected to reach US$ 14.56 billion by 2030, at a CAGR of 10.8% during the forecast period 2024-2030.
Non-dairy Milk includes plant-based milk alternatives made from nuts, seeds, grains, and legumes.
The global market is experiencing rapid growth, driven by plant-based diet trends and lactose intolerance awareness. In 2023, production volume reached 12 billion liters globally, with almond milk accounting for 35% of sales. The market saw a 40% increase in oat milk adoption in 2023. Almond milk dominates with a 40% market share, while oat milk is growing at 25% annually. North America leads with a 45% market share, while Europe is the fastest-growing region at 13.5% CAGR. The industry is focusing on developing nutritional fortification, with a 45% growth in R&D investments for protein enhancement.
Report Overview
Non-dairy milk or plant milk is a manufactured, non-dairy beverage made from a plant extract for flavoring and aroma.
This report provides a deep insight into the global Non-dairy Milk market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Non-dairy Milk Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Non-dairy Milk market in any manner.
Global Non-dairy Milk Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Ripple Foods
Danone
WhiteWave Foods
Archer-Daniels-Midland
Hain Celestial Group
Califia Farms
Daiya Foods
Freedom Foods
Market Segmentation (by Type)
Soy
Almond
Rice
Coconut
Market Segmentation (by Application)
Snacks
Bakery & Confectionery
Beverages and Others
Geographic Segmentation
