Plant-based Dairy Market Surge: Projected CAGR of 9.1% from 2024 to 2030

Market Overview: Plant-based Dairy Market FY2024-2030

This reports provides an essential and dependable overview of the Plant-based Dairy Market, serving as a guide for stakeholders navigating the industry’s future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

Plant-based Dairy Market Report Coverage Details:

• Base Year: 2023
• Historical Data: 2019-22
• Forecast Period: 2024-2030
• CAGR: 9.1% (2024-2030)

The Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.

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Plant-based Dairy Market Opportunity:

Shifting Consumer Inclination Towards Veganism to open New Avenues – Veganism has seen an enormous rise in adoption in recent years, with more and more people adopting a vegan lifestyle.  The rising health concerns, climate change, sustainability issues, animal welfare, etc., are the most prominent reasons influencing individuals to opt for minimal animal-derived products.

The increasing vegan population across the globe has surged the demand for dairy alternatives. As more people adopt vegan or plant-based diets for ethical, environmental, and health reasons, there is a growing demand for dairy alternatives, which is expected to create immense opportunities for the Plant-based Dairy Market in the future years.

Plant-based Dairy Market Segmentation Analysis – FY2024-2030

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Plant-based Dairy Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry’s growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Plant-based Dairy Market segmentation is enlisted below:

By Product Type- Market Size & Forecast 2019-2030, USD Million

• Plant-based Milk
  • Soy Drinks
  • Almond
  • Coconut
  • Oat
  • Rice
  • Others (Blends, etc.)
• Plant-based Yoghurt
• Plant-based Cheese
• Others

By End Users- Market Size & Forecast 2019-2030, USD Million

• B2B
  • HoReCa
  • Snacks & Savoury
  • Bakery & Confectionary
• Food Service
  • HoReCa
• Retail Users

By Sales Channel- Market Size & Forecast 2019-2030, USD Million

• Supermarkets
• Hypermarkets
• Local Grocery Stores
• Online
• Others

By Ingredients- Market Size & Forecast 2019-2030, USD Million

• Plant-based Acidulants
• Plant-based Botanicals
• Plant-based Carotenoids
• Vegetable Oils
• Polysaccharides & Oligosaccharides    
• Plant-based Sweeteners
• Other Commodities (Water, Cereals, Juices, etc.)

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Plant-based Dairy Market Competitive Landscape

Danone, Groupe, Hebei Yangyuan Zhihui Beverage Co Ltd, Cereal Base CEBA AB, Coconut Palm Group Co Ltd, Blue Diamond Growers, Vitasoy International Holdings Ltd, Wanxiang Sannong Co Ltd, The Coca-Cola Co., Fujian Dali Food Co Ltd, Kikkoman Corp, Lactasoy Co Ltd, Califia Farms LP, Green Spot Co Ltd, Dr Chung’s Food Co Ltd, Marusanai Co Ltd, Others.

Plant-based Dairy Industry News:

• 2023: Blue Diamond Growers, launched Almond Breeze Extra Creamy Almond milk with 80 calories per serving and has low saturated fats with high vitamin D and E content.

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Key Report Highlights   

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

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