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The global Milk Alternatives Market size is estimated to account for USD 32.25 billion in 2025. It is anticipated to grow at a CAGR of 10.6% during the assessment period and reach a value of USD 80.67 billion by 2035.
Dairy Alternatives Market Size, Share & Trends Analysis Report By Source (Soy, Almond), By Product (Milk, Yogurt), By Distribution Channel (Supermarket & Hypermarkets, Convenience Stores), By Region, And Segment Forecasts, 2025 - 2030
Rising demand for low-calorie foods, combined with the increasing popularity of plant-based nutritious products in Europe, is further expected to drive alternatives industry growth over the projected period. The milk product category includes many new and creative beverage choices with dairy alternatives as to the main ingredient.
Globally, the Asia-Pacific region is the largest market for plant-based milk alternatives. The region achieves a revenue that is more than double that of North America. In total, over nine...
This comprehensive report provides valuable insights into the milk alternatives market, including market drivers, restraints, opportunities, regional analysis, competitive landscape, and future outlook.
Regionally, North America and Europe are the leading markets for dairy alternatives, driven by strong consumer demand and the presence of numerous established players in these regions.
Dairy Alternatives Market size was valued at US$ 32.9 billion in 2024 and is expected to reach US$ 75.4 billion by 2031, growing at a significant CAGR of 12.6% from 2025-2031.
The milk alternatives market size reached USD 29.5 billion in 2024 and is expected to record a CAGR of 10.6% between 2025 and 2034, driven by rising concern about the environmental impact of traditional dairy farming.
The dairy alternatives market is evolving with growing demand for plant-based milk, yogurt, cheese, and more. This report offers deep insights into industry trends, competitive dynamics, and future forecasts shaping the market over the next decade.
The market analysis of the Dairy Alternatives Market delves deeper into the market dynamics, focusing on factors such as market drivers, challenges, and opportunities. It explores the macroeconomic and microeconomic factors affecting the market, industry regulations, and emerging market trends.