Global Plant-Based Milk Market to 2032
Overview
The Global Plant-Based Milk Market is expected to reach a 65.24 USD Billion by 2032 and is projected to grow at a CAGR of 14.15% from 2025 to 2032.
Revenue, 2024 (USD Billion)
24.73
Forecast, 2032 (USD Billion)
65.24
CAGR, 2024 - 2032
14.15%
Report Coverage
Global
Global Plant-Based Milk Market 2018-2032 USD Billion
Global Plant-Based Milk Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 24.73 USD Billion
- Projected Market Size (2032): 65.24 USD Billion
- CAGR (2025-2032): 14.15%
Key Findings of Global Plant-Based Milk Market
- The Global Plant-Based Milk Market was valued at 65.24 USD Billion in 2024.
- The Global Plant-Based Milk Market is likely to grow at a CAGR of 14.15% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Hazelnut Blend in Flavor Segment accounted for the largest share of the market with a revenue of 24.73 USD Billion
- The fastest growing segment Unsweetened in Formulation Segment grew Fastest with a CAGR of 14.79% during the forecast period from 2024 to 2032.
Global Plant-Based Milk Market Scope
Global Plant-Based Milk Market Segmentation & Scope
Flavor
- Hazelnut Blend
- Maple
- Caramel
- Honey
- Others
- Original/Unflavored
- Coffee
- Coconut Blend
- Vanilla
- Chocolate
Claim
- Soy Free
- Nut Free
- Others
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Packaging Size
- 1000 ML
- 250 ML
- 500 ML
- 110 ML
- More Than 1000 ML
- Less Than 100 ML
Packaging
- Tetra Packs
- Bottles
- Can
Distribution Channel
- Non-Store Retailers
- Store Based Retailers
Fortification
- Regular
- Fortified
Nature
- Non-GMO
- GMO
Type
- Flax Milk
- Others
- Hazelnut Milk
- Walnut Milk
- Oat Milk
- Soy Milk
- Almond Milk
- Coconut Milk
- Rice Milk
- Cashew Nut Milk
Product
- Refrigerated Milk
- Shelf Stable Milk
Category
- Conventional
- Organic
Formulation
- Unsweetened
- Sweetened
Global Plant-Based Milk Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 24.73 USD Billion |
| Market Value in 2032 | 65.24 USD Billion |
| CAGR (2025-2032) | 14.15% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 24.73 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 4,226.32 USD Million in 2024.
Segments and Scope
-
Global Plant-Based Milk Market to 2032, By Flavor
- Hazelnut Blend is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 24.73 USD Billion in the year 2024.
- Hazelnut Blend is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.15 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Claim
- Regular is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 20.66 USD Billion in the year 2024.
- Regular is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.27 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Packaging Size
- 1000 ML is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 13.26 USD Billion in the year 2024.
- 1000 ML is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.63 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Packaging
- Tetra Packs is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 21.72 USD Billion in the year 2024.
- Tetra Packs is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.26 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Distribution Channel
- Non-Store Retailers is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 18.97 USD Billion in the year 2024.
- Non-Store Retailers is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.42 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Fortification
- Regular is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 20.66 USD Billion in the year 2024.
- Regular is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.27 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Nature
- Non-GMO is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 24.22 USD Billion in the year 2024.
- Non-GMO is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.16 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Type
- Oat Milk is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 9.65 USD Billion in the year 2024.
- Oat Milk is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.70 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Product
- Refrigerated Milk is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 21.63 USD Billion in the year 2024.
- Refrigerated Milk is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.29 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Category
- Conventional is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 17.90 USD Billion in the year 2024.
- Conventional is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.29 % in forecast period 2025-2032.
-
Global Plant-Based Milk Market to 2032, By Formulation
- Unsweetened is the largest segment in Global Plant-Based Milk Market to 2032 with a revenue of 7.93 USD Billion in the year 2024.
- Unsweetened is the Fastest growing segment in Global Plant-Based Milk Market to 2032 with a Growth rate of 14.79 % in forecast period 2025-2032.
Global Plant-Based Milk Market Company Share Analysis
| Company Name |
|
||
| Sanitarium | |||
| Califia Farms, LLC | |||
| The Hain Celestial Group | |||
| Alpro | |||
| Oatly AB | |||
Global Plant-Based Milk Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Plant-Based Milk Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
Global Plant-Based Milk Market was valued at USD 24.73(Revenue in USD Billion) in 2021.
Global Plant-Based Milk Market is projected to grow at a CAGR of 14.15% during the forecast period of 2024 to 2032.
The Hazelnut Blend segment is expected to dominate the Global Plant-Based Milk Market, holding a largest market share of 24.73 USD Billion in 2024
Global Plant-Based Milk Market Scope
Global Plant-Based Milk Market Segmentation & Scope
Flavor
- Hazelnut Blend
- Maple
- Caramel
- Honey
- Others
- Original/Unflavored
- Coffee
- Coconut Blend
- Vanilla
- Chocolate
Claim
- Soy Free
- Nut Free
- Others
- Artificial Preservatives & Color Free
- Gluten Free
- Regular
Packaging Size
- 1000 ML
- 250 ML
- 500 ML
- 110 ML
- More Than 1000 ML
- Less Than 100 ML
Packaging
- Tetra Packs
- Bottles
- Can
Distribution Channel
- Non-Store Retailers
- Store Based Retailers
Fortification
- Regular
- Fortified
Nature
- Non-GMO
- GMO
Type
- Flax Milk
- Others
- Hazelnut Milk
- Walnut Milk
- Oat Milk
- Soy Milk
- Almond Milk
- Coconut Milk
- Rice Milk
- Cashew Nut Milk
Product
- Refrigerated Milk
- Shelf Stable Milk
Category
- Conventional
- Organic
Formulation
- Unsweetened
- Sweetened
Frequently Asked Questions
The Global Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
Global Plant-Based Milk Market was valued at USD 24.73(Revenue in USD Billion) in 2021.
Global Plant-Based Milk Market is projected to grow at a CAGR of 14.15% during the forecast period of 2024 to 2032.
The estimated market value of the Global Plant-Based Milk Market for final year is USD 65.24 (USD Billion).
Global Plant-Based Milk Market Company Profiling
Frequently Asked Questions
The Global Plant-Based Milk Market is segmented based on Segmentation Flavor,Claim,Packaging Size,Packaging,Distribution Channel,Fortification,Nature,Type,Product,Category,Formulation.
Global Plant-Based Milk Market was valued at USD 24.73(Revenue in USD Billion) in 2021.
Global Plant-Based Milk Market is projected to grow at a CAGR of 14.15% during the forecast period of 2024 to 2032.
The estimated market value of the Global Plant-Based Milk Market for final year is USD 65.24 (USD Billion).
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