Global: milk substitutes revenue growth 2020-2029

The global revenue change in the 'Milk Substitutes' segment of the food market was forecast to decrease between 2024 and 2029 by in total 1.1 percentage points. This overall decrease does not happen continuously, notably not in 2026, 2027 and 2029. The revenue change is estimated to amount to 7.79 percent in 2029.

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Revenue growth of the milk substitutes market worldwide from 2020 to 2029

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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Milk substitutes refer to any type of milk not derived from animals. The Milk Substitutes market covers all types of plant-based milk such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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