Plant-Based Milk Market Size, Growth, and Trends 2025 to 2035

Plant-Based Milk Market Size, Share, and Forecast Analysis

The global plant-based milk market size evaluated at USD 19.35 billion in 2025 and is predicted to increase from USD 21.40 billion in 2026 to nearly reaching USD 52.99 billion by 2035, growing at a CAGR of 10.6% during the forecast period from 2026 to 2035. The rise of flexitarianism and the growing lactose intolerance rate drive market growth. 

Key Highlights

• By region, Asia Pacific dominated the plant-based milk market with approximately 47% in 2025.
• By region, North America is growing at the fastest CAGR in the market during the forecast period.
• By source, the almond milk segment held approximately 35% share in the market in 2025. 
• By source, the oat milk segment is growing at the fastest CAGR in the market during the forecast period. 
• By formulation, the unflavored/plain segment held approximately 65% share in the market in 2025.
• By formulation, the flavored segment is expected to grow at the fastest CAGR in the market during the forecast period.
• By distribution channel, the supermarkets & hypermarkets segment held approximately 42% share in the market in 2025.
• By distribution channel, the online/e-commerce segment is expected to grow at the fastest CAGR in the market during the forecast period.
• By application, the direct beverages segment held approximately 68% share in the market in 2025.
• By application, the bakery & confectionery segment is expected to grow at the fastest CAGR in the market during the forecast period.

Plant-Based Milk Industry Coverage

Market Overview

Plant-based milk is a type of non-dairy milk derived from plant materials like seeds, legumes, nuts, and others. The various plant-based milk are almond, coconut, hemp, soy, rice, flax, and oat. They are cholesterol-free and ideal for vegan consumers. The plant-based milk is lactose-free and offers a less creamy consistency. They offer benefits like promoting good gut bacteria, aiding weight management, lowering GHG emissions, and supporting heart health. Plant-based milk is widely used in applications like cooking, vegan yogurts, sweets, nutritional fortification, beverages, desserts, and baking. 

The plant-based milk market growth is driven by increased awareness of dairy allergies, focus on environmental footprint, rise of veganism, expansion of premium dairy products, increased consumption of clean label products, and the robust growth of D2C.

What are the Key Trends in the Plant-Based Milk Market?

• Growth in Barista Blend: The strong consumer focus on consuming high-quality coffee and the need for replicating creamy texture in milk products increases the adoption of plant-based milk. 
• Rise in Health Trends: The strong focus on managing lifestyle diseases and the growing dairy product allergies in consumer increases demand for plant-based milk. 
• Expansion of Ready-to-Drink Formats: The busy schedules of health-conscious consumers and the expansion of RTD formats increase demand for plant-based milks. The availability of plant-based milk beverages in convenience stores and consumers seeking grab-and-go drinks helps market expansion. 
• Environmental Sustainability Focus: Consumer focus on lowering greenhouse gas emissions and the rising awareness of climate change increases demand for plant-based milk.

Key Technological Shift in the Plant-Based Milk Market 

The plant-based milk market is undergoing a key technological shift driven by demand for maintaining nutrient integrity, improved stability, and shelf-life extension. The ongoing innovations like advanced extraction, smart packaging, novel extraction, advanced processing, enzymatic treatment, and precision fermentation enhance milk texture, lower microbial load, and develop unique sensory profiles. The key shift is the integration of AI, which develops tailored products and speeds up the innovation process.

AI analyzes the molecular composition of plant-based milk ingredients and improves the flavor of legume-based milk. AI develops products faster and prevents defective batches. AI lowers carbon footprint and optimizes processing techniques. AI detects contaminants in plant-based milk in real-time and provides optimal ingredient combinations. AI lowers energy usage and monitors production equipment. Additionally, companies like Alpro, NotCo, and Bel Group use AI for the development of plant-based milks and products.

Trade Analysis of the Plant-Based Milk Market

• China exported 102 shipments of almond milk. 
• Vietnam exported 1,656 shipments of soy milk. 
• Hong Kong is the leading exporter of soy milk drinks.
• The United States is the leading importer of coconut milk.
• Malaysia exported 1,557 shipments of soy milk. 

Plant-Based Milk Market Value Chain Analysis

Raw Material Procurement

• The stage focuses on sourcing raw materials like peas, oats, seeds, almonds, coconut, walnuts, soy, millet, chickpea, grains, and tubers.
• Key Players: Mementa Inc., Sun Xien Soy products, Veganday Lifestyle Pvt. Ltd., Green Jeeva, Pacific Ridge Corporation, New Barn Organics

Processing and Preservation

• The processing involves soaking & cleaning raw materials, milling, nutrient extraction, formulation, filtration of fibrous pulp, and homogenization of the final product. 
• Key Players: Almond Breeze, Minor Figures, Alpro, Oatly, Oatey, Sofit, Califia Farms, Miyoko’s Creamery

Quality Testing and Certifications

• Quality testing evaluates attributes like allergen testing, nutritional analysis, physicochemical analysis, ingredient verification, shelf-life testing, microbiological testing, and contaminant testing. The certifications include SCS Plant-Based Certification, V-Label, USDA Organic, and BeVeg Vegan Certification.
• Key Players: NSF International, CDG, The Vegan Society, SGS India, FoodChain ID, Bioagricert 

From Soy to Oat: Snapshots of Plant-Based Milk Types

Plant-Based Milk Market Regional Insights

Why Asia Pacific is Dominating the Plant-Based Milk Market? 

Asia Pacific dominated the plant-based milk market with approximately 47% share in 2025. The growing lactose intolerance in East Asian consumers and the increased popularity of traditional non-dairy products increase demand for plant-based milk. The strong focus on lowering the risk of cardiovascular diseases and the shift towards sustainable products increase the adoption of plant-based milk. The national health strategies and the strong presence of e-commerce drive the overall market growth.

Asia Pacific Plant-Based Milk Market Size 2025 to 2035

The Asia Pacific plant-based milk market size was calculated at USD 9.09 billion in 2025 with projections indicating a rise from USD 10.06 billion in 2026 to approximately USD 25.17 billion by 2035, expanding at a CAGR of 10.72% throughout the forecast period from 2026 to 2035.

A Greener Sip: India’s Revolution in Plant-Based Milk

India is rapidly growing in the market. The increased dietary concerns and the rapid growth in the eco-conscious population increase demand for plant-based milk. The increased production of plant-based food and the growth in online retail increases adoption of plant-based milk. The transition towards lower-calorie diets and the increasing investment in plant-based foods support the overall market growth. 

North America Plant-Based Milk Market Trends

North America is experiencing the fastest growth in the market during the forecast period. Consumer awareness about saturated fat and the high rate of lactose intolerance increases the adoption of plant-based milk. The adverse effect of dairy farming on the environment and the consumer's focus on cruelty-free alternatives increase the demand for plant-based milk. The increased development of fortified products and the growing popularity of the ready-to-drink format drive the market growth.

From Dairy to Plants: United States Reshaping Plant-Based Milk Production

The United States is the largest contributor to the market. The increased awareness of lactose allergies and the focus on reducing the environmental footprint increase demand for plant-based milk. Consumer shift towards ethical consumption and the increased expansion of flexitarianism increases adoption of plant-based milk. The growth in food service and the increasing awareness of the health benefits of plant-based milk support the market growth. 

• The United States exported 537 shipments of almond milk.

Plant-Based Milk Market Segmental Insights 

Source Insights

What made the Almond Milk Segment Dominate the Plant-Based Milk Market? 

The almond milk segment dominated the plant-based milk market with approximately 35% share in 2025. The strong focus on the consumption of lower-calorie milk and the growing number of health-conscious consumers increase demand for almond milk. The high rate of lactose intolerance and the increased consumption of flavored milk increase demand for almond milk. The pleasant texture, convenience food, superior nutritional profiles, and high availability of almond milk drive the market growth.

The Oat Milk Segment is the Fastest-Growing in the Market During the Forecast Period

The robust growth in Barista culture and the increased consumption of vegan options increase demand for oat milk. The increased popularity of coffee culture and the need to lower carbon emissions increase demand for oat milk. The superior taste, nutritional value, allergen-friendliness, and superior functionality of oat milk support the market growth.

Formulation Insights

How did the Unflavored or Plain Segment hold the Largest Share in the Plant-Based Milk Market? 

The unflavored or plain segment held the largest revenue share of approximately 65% in the market in 2025. The growing popularity of baking and the increased consumption of coffee increases demand for unflavored milk. The increased development of food recipes and the focus on the smooth texture of food products increase demand for unflavored milk. The on-the-go consumption of smoothies and the need to reduce fat consumption increase the adoption of plain milk, driving the overall market growth. 

The Flavored Segment is Experiencing the Fastest Growth in the Market During the Forecast Period

The increased rate of vegetarian people and the strong presence of coffee shops increase demand for flavored milk. The increased consumption of chocolate-flavor milk and the increasing use of flavored milk in cafes boost market expansion. The improved taste, functional nutrition, convenient packaging, and enhanced texture of flavored plant-based milk support the overall market growth.

Distribution Channel Insights

Which Distribution Channel Dominated the Plant-Based Milk Market? 

The supermarkets & hypermarkets segment dominated the plant-based milk market with approximately 42% share in 2025. The consumer strong focus on trying multiple brands products, and the availability of discounts increases the buying of plant-based milks from supermarkets. The high visibility, consumer trust, strategic merchandising, convenience, and product variety in supermarkets & hypermarkets drive the market growth. 

The Online/E-commerce Segment is the Fastest-Growing in the Market During the Forecast Period

The growing consumer's effortless browsing of plant-based milks and the growth in subscription-based sales increase the adoption of online/e-commerce sales. The easy selection, DTC Reach, unmatched convenience, and easy accessibility of online/e-commerce platforms support the market growth. 

Application Insights

How did the Direct Beverages Segment hold the Largest Share in the Plant-Based Milk Market? 

The direct beverages segment held the largest revenue share of approximately 68% in the market in 2025. The growing dairy allergies and the popularity of cholesterol-free diets increase demand for direct beverages. The increased adoption of on-the-go beverage consumption and the growing popularity of smoothie increase demand for plant-based milks. The trending non-dairy beverages and the growing coffee applications increase demand for plant-based milk, driving the overall market growth. 

The Bakery & Confectionery Segment is Experiencing the Fastest Growth in the Market During the Forecast Period

The increased popularity of pastries and the growing demand for sweets increases the adoption of plant-based milk. The growing popularity of vegan bakeries and the growth in cake culture increase the adoption of plant-based milk. The growing production of chocolates and the increased production of various confectionery products require plant-based milk, supporting the overall market growth.

Recent Developments in the Plant-Based Milk Market

MALK Organics

• In March 2025, MALK Organics launched two new unsweetened plant-based milks. The range includes Unsweetened Organic Soy and Unsweetened Organic Coconut. The Unsweetened Organic Soy is made up of Himalayan pink salt, filtered water, and organic soybeans. The Unsweetened Organic Coconut features organic coconut milk, filtered water, Himalayan pink salt, and evaporated coconut water. (Source: vegconomist)

Alpro

• In July 2025, Alpro introduced a low-sugar plant-based milk series for kids. The range includes strawberry soy milk and chocolate oat milk. The product range is fortified with iodine, vitamin B12, calcium, vitamin D2, & vitamin B2, and milk is present in 200 ml cartons. (Source: green queen)

HRX

• In June 2025, HRX launched plant-based oat milk protein shakes. The shake is a lactose-free beverage and does not have processed sugar. The shake offers 25g of protein and is available in a glass bottle. (Source: FFoods Spectrum)

Ripple Foods

• In January 2026, Ripple Foods launched organic pea milk. The product is available in vanilla & original flavors and is free from oils, soy, gluten, gums, lactose, and nuts. The milk offers 5 grams of protein in each serving and is made up of clean ingredients. (Source: vegconomist)

Top Companies in the Plant-Based Milk Market

• Danone S.A. (Silk, Alpro): The French multinational company is the leading manufacturer of plant-based dairy products like beverages, yogurt, and fermented dairy. 
• Oatly Group AB: The Sweden-based company produces various oat milk flavors like low-fat, Barista edition, and chocolate in over 20 countries. 
• Blue Diamond Growers: The largest almond processing company produces vegan yogurt alternatives, standard almond milk, extra creamy almond milk, and almond & oat blends. 
• Califia Farms LLC: The California-based company manufactures plant-based beverages like plant creamers, plant milks including oat milk & almond milk, and refrigerated coffee drinks.
• The Hain Celestial Group: The health and wellness company manufactures plant-based milk through brands like Lima, Natumi, and Joya in Europe.

Other Companies

• SunOpta Inc.
• Nestlé S.A. (Natural Bliss, Wunda)
• Ripple Foods PBC
• Vitasoy International Holdings
• Lactalis Canada
• Earth's Own Food Company
• Pacific Foods of Oregon (Campbell Soup Co.)
• Chobani, LLC
• Kikkoman Corporation
• Hebei Yangyuan Zhihui Beverage Co., Ltd.

Segments Covered in the Report

By Source/Product Type

• Almond Milk 
• Oat Milk 
• Soy Milk 
• Coconut Milk
• Others (Pea, Rice, Cashew, Hemp)

By Formulation/Flavor

• Unflavored/Plain 
• Flavored (Vanilla, Chocolate, etc.) 

By Distribution Channel

• Supermarkets & Hypermarkets 
• Online/E-commerce 
• Convenience Stores

By Application 

• Direct Beverages 
• Bakery & Confectionery 
• Ice Cream & Frozen Desserts

By Region 

• North America 
• Europe
• Asia Pacific 
• MEA
• Latin America