Global: milk substitute revenue by country 2023

The revenue ranking in the 'Milk Substitutes' segment of the food market is led by China with 9.5 billion U.S. dollars, while the United States is following with 3.6 billion U.S. dollars. In contrast, Russia is at the bottom of the ranking with 95.01 million U.S. dollars, showing a difference of 9.4 billion U.S. dollars to China.

Find other insights concerning similar markets and segments, such as a ranking of subsegments in Europe regarding revenue in the Food market as a whole and a ranking by country regarding revenue in the bread & cereal products segment of the food market.

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Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars)

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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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