Plant-based Dairy Market
Plant-based Dairy Market Study by Milk, Frozen Desserts, Yogurt, Cheese, Creamers, and Butter for B2B Consumers and B2C Consumers from 2024 to 2034
Analysis of Plant-based Dairy Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Plant-based Dairy Market Outlook (2024 to 2034)
The global plant-based dairy market is forecasted to reach a valuation of US$ 14.7 billion in 2024 to US$ 36.69 billion by the end of 2034, according to an updated research report published by Fact.MR. Demand for plant-based dairy products is forecasted to increase at 9.6% CAGR between 2024 and 2034.
Increasing adoption of veganism is a key plant-based dairy market trend and this is estimated to boost sales of these products throughout the projection period. Some of the key factors that are driving the demand for plant-based dairy products are environmental concerns regarding dairy farming and production, increasing awareness regarding the benefits of a vegan plant-based diet, and rising availability of dairy alternatives in the global market.
Ethical concerns among people regarding the consumption of animal-based products and increasing focus on decreasing animal cruelty are other factors that are driving the adoption of plant-based diets and thus plant-based dairy product sales.
Key Market Growth Drivers
- Due to the internet and influencers, plant-based diets are gaining traction due to their advantages such as lowered cholesterol and a decreased risk of heart diseases.
- There is an increasing requirement for lactose-free alternatives as a large number of people are lactose intolerant. Because of this, the demand for plant-based dairy products increasing as they are beneficial for health.
- Consumers who are looking for sustainable food options are finding plant-based alternatives better compared to traditional dairy items as they are less harmful to the environment since they consume less energy, water, and land and emit less greenhouse gases.
- Growing concerns regarding animal welfare are driving up the adoption of vegan and vegetarian lifestyles which is contributing to the plant-based dairy market size expansion as they perfectly align with these ethical considerations.
- Innovations are ongoing in the market to increase the range of products such as milk, cheese, yogurt, ice creams, and others with improved taste, texture, and nutritional profiles.
- The availability of plant-based dairy products is increasing due to the growing number of supermarkets and online platforms globally, thereby contributing to demand growth.
- The increasing number of posts on plant-based diets by celebrities and social media influencers is driving popularity as well as market expansion.
- Demand for plant-based dairy products is rising as a preferred substitute due to the growing popularity of flexitarian diets, which allow people to cut less on animal products without completely committing to a vegetarian or vegan lifestyle.
| Report Attribute | Detail |
|---|---|
| Plant-based Dairy Market Size (2024E) | US$ 14.7 Billion |
| Forecasted Market Value (2034F) | US$ 36.69 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.6% CAGR |
| East Asia Market Share (2024E) | 24.5% |
| North America Market Value (2024E) | US$ 3.12 Billion |
| B2C Consumers Segment Value (2034F) | US$ 22.49 Billion |
| Plant-based Milk Segment Value (2034F) | US$ 9.86 Billion |
| Key Companies Profiled | Arla Foods; Daiya Foods Inc.; Danone S.A.; General Mills; Saputo; Chobani; Earth's Own Food Company Inc.; Unilever; Bel Group; Kraft Heinz; Sanitarium Health and Wellbeing Company; Axiom Foods Inc.; Nestle; Muller; Sahmyook Foods; Lactalis; Elmhurst 1925; 1.5 Degree; California Farms; NotCo; Planting Hope Company. |
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Why is the Consumption of Plant-based Dairy Products Gaining Traction Globally?
“Perfect Fit for People Suffering from Lactose Intolerance and Rising Interest in Veganism”
In the world, several people suffering from lactose intolerance which is boosting the need for plant-based dairy products continuously as they are naturally lactose-free. Lactose is the sugar that is used in conventional dairy products which is not digested by people with this illness and causes them discomfort and digestive problems. Almonds, soy, oats, and coconuts are some of the plant-based dairy substitutes that are inherently lactose-free, which makes them a great option for anyone trying to avoid unpleasant symptoms.
Other than this, manufacturers are continuously focusing on innovation in plant-based dairy products due to the rising number of individuals who are shifting their interest in veganism. Thereby, more manufacturers are expanding their portfolio with products such as plant-based milk, cheese, yogurt, and ice cream, with enhanced taste, texture, and nutritional profiles that closely mimic traditional dairy products.
What are Challenges Faced by Plant-based Dairy Product Manufacturers?
“High Production Cost and Consumers Concern Regarding Taste & Texture”
In comparison with conventional dairy products, the production costs of plant-based ones are mostly higher. The reason behind this is because of the use of high-quality ingredients such as cashews, almonds, or certain plant-based proteins along with advanced processing methods needed to produce flavors and sensations that are similar to those of dairy. All these components raise the overall cost of production and because of this, the end price of products is also high. These high costs are mostly a big turnoff for consumers who are price-conscious which is restraining plant-based dairy market growth.
Even with the progress made in plant-based dairy manufacturing methods, taste, and texture are still the key obstacles to adoption. Various consumers think they do not have an overall mouthfeel, as rich, and creamy as regular dairy does. Because of this opinion of consumers, sales growth is getting hampered.
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Country-wise Insights
East Asia is estimated to account for 24.5% of the global plant-based dairy market share in 2024. The market is expanding in the region due to a growing range of products and increasing availability of plant-based dairy products in supermarkets and hypermarkets. Also, a growing vegan population, increasing health consciousness, rising demand for organic and plant-based food products, and growing availability of non-dairy milk and other dairy alternatives are further contributing to market growth in East Asia.
Why is the Demand for Plant-based Dairy Products Rising in the United States?
“Growing Popularity of Veganism, Flexitarian Diets, and Vegetarianism”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.34 Billion |
| Growth Rate (2024 to 2034) | 10.3% CAGR |
| Projected Value (2034F) | US$ 6.26 Billion |
The demand for plant-based dairy products is increasing in the United States as a result of the rising popularity of vegetarianism, flexitarian diets, and veganism. The popularity of these products increasing as they are considered more ethical and also hold various health advantages. Dairy alternatives made from plants, such as almond milk, soy yogurt, and coconut-based cheeses, are ideal for following these dietary guidelines because they have comparable tastes and textures without containing any animal products. Plant-based dairy products are becoming more popular as several people follow these diets.
Why are Plant-based Dairy Product Suppliers Lining Up in Japan?
“Celebrity & Influencers’ Endorsements Driving Demand of Plant-Based Products”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 731.6 Million |
| Growth Rate (2024 to 2034) | 11% CAGR |
| Projected Value (2034F) | US$ 2.07 Billion |
Sales of plant-based dairy products increasing in Japan are mostly driven by media influence and celebrity endorsements. Popular figures and influential individuals who support plant-based diets are helping to spread information about the advantages of plant-based dairy products. Another factor that is attracting more people is media coverage that highlights their benefits for the environment, health, and ethics. Thus, the favorable advice and increasing spread of information on plant-based dairy products are contributing to their popularity in Japan.
Category-wise Insights
Based on nature, the market is segmented into organic and conventional. Demand for organic plant-based dairy goods is high in comparison with conventional as they are considered healthier and eco-friendly. Also, they are mostly free from artificial additives, and because of this reason large portion of people prefer organic dairy products.
Why is Demand for Plant-Based Dairy Products High from B2C Consumers?
“Rising Interest of People in Veganism Driving Up Segment Growth”
| Attribute | B2C Consumers |
|---|---|
| Segment Value (2024E) | US$ 9.24 Billion |
| Growth Rate (2024 to 2034) | 9.3% CAGR |
| Projected Value (2034F) | US$ 22.49 Billion |
Sales of plant-based dairy products are high from B2C compared to B2B end users. Individual consumers are generally more interested in experimenting with new cuisine trends. Also, the increasing interest of people in veganism makes this segment a leader. People who are lactose intolerant or want products without animal cruelty are choosing plant-based dairy products. Marketing activities by companies and rising availability in retail channels are further driving the demand growth for plant-based dairy products.
However, with high prices, consumer preferences, and worries about taste and texture in recipes, B2B consumers such as restaurants or food producers are taking more time to adopt plant-based dairy replacements.
Why is Plant-based Milk Gaining Popularity All Over the World?
“Extensive Consumption of Plant-based Milk Products in Regular Diets”
| Attribute | Plant-based Milk |
|---|---|
| Segment Value (2024E) | US$ 3.81 Billion |
| Growth Rate (2024 to 2034) | 9.1% CAGR |
| Projected Value (2034F) | US$ 9.86 Billion |
Plant-based milk products are gaining popularity compared to others as they are widely consumed in dairy life and are a mainstay in various diets. It is a simple and easy choice for people trying to cut back on their intake of animal products. Plant-based milk is similar to conventional one and its use is increasing in baking, cooking, cereal, and coffee. Also, plant-based milk products have been available in the market for a long period compared to several other options, giving them more opportunities to gain traction.
Comparing plant-based milk to other dairy substitutes such as cheese or yogurt, which need various changes in cooking techniques and taste preferences, more consumers find plant-based milk to be easier to include in their diets. Consumers particularly vegans prefer plant-based milk to meet their nutritional requirements and taste preferences, subsequently contributing to the easy availability of several options, such as soy, almond, oats, coconut, etc.
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Competitive Landscape
Key players in the plant-based dairy market are focusing on improving texture, taste, nutritional profile, and various other features. Latest innovations such as formulations, new exciting flavors, and functional ingredients are attracting more consumers to try them. Several companies are raising capital and increasing their investments in the research and development of new technologies to maximize their growth potential.
- In August 2024, Elmhurst 1925, a company well-known for producing superior plant-based dairy products, launched TerraMeatTM Plant-Based Chick'n. This ground-breaking plant-based chicken substitute, which has an incredibly clean ingredient list and excellent protein delivery, confirms Elmhurst's dedication to being the industry leader in terms of ease of use and nutritional value for plant-based foods.
- In August 2024, an inventive start-up called 1.5 Degree introduced a large selection of plant-based frozen sweets and drinks. The company decided to develop a wide range of plant-based dairy products after realizing there was a growing market for dairy substitutes. Oat milk, soy milk, cold coffee, flavor-infused milkshakes, and gelato in unusual flavors including paan, strawberry, Biscoff, and mocha almond fudge are some of these goods. The company's main goal is to offer tasty, nutritious, and lactose-free products.
- In February 2024, California Farms, a well-known premium plant-based beverage brand, recently unveiled the introduction of Califia Farms Complete, a delightfully creamy plant milk that contains half the sugar of dairy milk along with eight grams of protein, all nine essential amino acids, and nine vital minerals. Califia Farms Complete gives customers the ideal approach to satisfy their dietary needs, all from plant sources because it is made from a unique blend of pea, chickpea, and fava bean protein.
- In December 2022, NotCo, a food technology company, announced that it had raised US$ 70 billion in a Series D1 funding round. The funding is expected to be used to promote innovation from other CPG brands through the use of NotCo’s patented AI technology called Giuseppe to accelerate development in the plant-based product industry.
- In November 2022, the Planting Hope Company, a start-up founded in 2020 that develops and launches innovative plant-based beverages, announced the launch of Hope and Sesame’s Sesame Milk for Canadian consumers. The product was made available in several grocery stores and on Amazon’s Canada website as well.
- In July 2022, Danone, a French food company, announced the launch of the world’s first dairy and plant blend baby formula. The company launched this product in response to parents’ demand for flexitarian and vegetarian options for their toddlers.
Fact.MR provides detailed information about the price points of key manufacturers of plant-based dairy products positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.
Segmentation of Plant-based Dairy Market Research
-
By Product :
- Milk (By Protein Source)
- Almonds
- Cashews
- Coconuts
- Hazelnuts
- Oats
- Rice
- Soy
- Flax
- Hemp
- Macadamia
- Peanuts
- Pistachios
- Quinoa
- Sesame
- Frozen Desserts (By Protein Source)
- Avocados
- Oats
- Cashews
- Soy
- Almonds
- Coconuts
- Yogurt (By Protein Source)
- Oats
- Cashews
- Soy
- Almonds
- Coconuts
- Cheese (By Form)
- Blocks & Wedges
- Creams, Sauces, & Spreads
- Shredded & Crated
- Sliced
- Creamers
- Soy
- Coconuts
- Almonds
- Butter
- Sticks
- Spread
- Milk (By Protein Source)
-
By Nature :
- Organic
- Conventional
-
By End Use :
- B2B Consumers
- Bakery & Confectionery
- Snacks & Savouries
- Ready Meals
- HoReCa
- Other Food Products
- B2C Consumers
- Households
- HoReCa
- B2B Consumers
-
By Sales Channel :
- Retail
- Hypermarkets & Supermarkets
- Convenience Stores
- Independent Grocery Stores
- Specialty Stores
- Online Retailers
- Direct
- Retail
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-Economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2021 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034
- 6.1. Product
- 6.2. Nature
- 6.3. End Use
- 6.4. Sales Channel
- 7. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034, By Product
- 7.1. Milk
- 7.2. Frozen Desserts
- 7.3. Yogurt
- 7.4. Cheese
- 7.5. Creamers
- 7.6. Butter
- 8. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034, By Nature
- 8.1. Organic
- 8.2. Conventional
- 9. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034, By End Use
- 9.1. B2B Consumers
- 9.2. B2C Consumers
- 10. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034, By Sales Channel
- 10.1. Retail
- 10.2. Direct
- 11. Global Market Analysis 2019 to 2023 and Forecast 2021 to 2034, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. MEA
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 18. MEA Sales Analysis 2019 to 2023 and Forecast 2021 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2021 to 2034 by Product, Nature, End Use, and Sales Channel for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Arla Foods
- 21.2. Daiya Foods Inc.
- 21.3. Danone S.A.
- 21.4. General Mills
- 21.5. Saputo
- 21.6. Chobani
- 21.7. Earth's Own Food Company Inc.
- 21.8. Unilever
- 21.9. Bel Group
- 21.10. Kraft Heinz
- 21.11. Sanitarium Health and Wellbeing Company
- 21.12. Axiom Foods Inc.
- 21.13. Nestle
- 21.14. Muller
- 21.15. Sahmyook Foods
- 21.16. Lactalis
- 21.17. Groupe Danone
- 21.18. Elmhurst 1925
- 21.19. 1.5 Degree
- 21.20. California Farms
- 21.21. NotCo
- 21.22. Planting Hope Company
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List Of Table
Table 01: Global Market US$ Mn & (Tonnes) Forecast by Region, 2019 to 2034
Table 02: Global Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 03: Global Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 04: Global Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 05: Global Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 06: North America Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 07: North America Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 08: North America Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 09: North America Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 10: North America Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 11: Latin America Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 12: Latin America Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 13: Latin America Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 14: Latin America Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 15: Latin America Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 16: Western Europe Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 17: Western Europe Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 18: Western Europe Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 19: Western Europe Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 20: Western Europe Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 21: Eastern Europe Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 22: Eastern Europe Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 23: Eastern Europe Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 24: Eastern Europe Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 25: Eastern Europe Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 26: East Asia Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 27: East Asia Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 28: East Asia Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 29: East Asia Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 30: East Asia Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 31: South Asia & Pacific Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 32: South Asia & Pacific Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 33: South Asia & Pacific Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 34: South Asia & Pacific Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 35: South Asia & Pacific Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
Table 36: MEA Market US$ Mn & (Tonnes) Forecast by Country, 2019 to 2034
Table 37: MEA Market US$ Mn & (Tonnes) Forecast by Product, 2019 to 2034
Table 38: MEA Market US$ Mn & (Tonnes) Forecast by Nature, 2019 to 2034
Table 39: MEA Market US$ Mn & (Tonnes) Forecast by End Use, 2019 to 2034
Table 40: MEA Market US$ Mn & (Tonnes) Forecast by Sales Channel, 2019 to 2034
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Region, 2019 to 2034
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel , 2019 to 2034
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Product, 2019 to 2034
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Nature, 2019 to 2034
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by End Use, 2019 to 2034
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Sales Channel, 2019 to 2034
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn & (Tonnes) Projection by Country, 2019 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size of plant-based dairy products in 2024?
The global market for plant-based dairy products is estimated at US$ 14.7 billion in 2024.
What is the future of the plant-based dairy market?
Worldwide sales of plant-based dairy products are projected to reach US$ 36.69 billion by 2034.
What is the demand growth projection for the global market?
Worldwide demand for plant-based dairy products is forecasted to increase at a CAGR of 9.6% from 2024 to 2034.
What is the market size of plant-based dairy products in South Korea?
The market in South Korea is projected to reach a value of US$ 868.4 million by 2034.
Who are the leading manufacturers of plant-based dairy products?
Leading companies in the market are Arla Foods, Daiya Foods Inc., Danone S.A., General Mills, Saputo, and Chobani.
What is the projection for the market in East Asia?
The market in East Asia is analyzed to generate revenue worth US$ 9.65 billion by 2034.
Which end-use segment holds a higher revenue share in this market?
B2C consumers are forecasted to account for 62.9% of the global market share in 2024.
Plant-based Dairy Market