Milk Substitutes - Northern Europe

Northern Europe

Highlights

Revenue in the Milk Substitutes market amounts to US$292.80m in 2024. The market is expected to grow annually by 14.24% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$10bn in 2024).
In relation to total population figures, per person revenues of US$8.64 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 190.00m kg by 2029. The Milk Substitutes market is expected to show a volume growth of 13.9% in 2025.0.
The average volume per person in the Milk Substitutes market is expected to amount to 3.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Substitutes Market in Northern Europe is experiencing a mild growth rate, driven by factors such as increasing health consciousness among consumers and the convenience of online services. This market is expected to continue growing due to the rising demand for plant-based alternatives and the availability of lactose-free options.

Customer preferences: Consumers in Northern Europe are increasingly opting for plant-based milk substitutes, such as almond, soy, and oat milk, due to growing health and environmental concerns. This trend is driven by a rising awareness of the negative impact of dairy farming on the environment and animal welfare. Additionally, there is a growing demand for lactose-free and vegan options, as more consumers choose to follow plant-based diets. This shift towards milk substitutes is also influenced by a rise in lactose intolerance and allergies, as well as a desire for healthier and more sustainable food choices.

Trends in the market: In Northern Europe, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based milk alternatives, driven by the increasing health consciousness and dietary restrictions of consumers. This trend is expected to continue, with a projected growth of 11.4% in the global dairy alternatives market by 2025. This shift towards non-dairy milk is significant for industry stakeholders, as it presents opportunities for product innovation and expansion. Additionally, the growing popularity of milk substitutes has implications for traditional dairy farmers and processors, who may need to adapt to changing consumer preferences. Furthermore, the rise of sustainable and ethical consumption practices is also fueling the demand for plant-based milk, highlighting the need for the dairy industry to address environmental and animal welfare concerns.

Local special circumstances: In Northern Europe, the Milk Substitutes Market is largely influenced by the region's strong focus on sustainability and health-consciousness. With a high demand for plant-based products, the market is driven by the growing popularity of vegan and vegetarian diets, as well as increasing lactose intolerance and allergies. Additionally, strict regulations on animal welfare and environmental sustainability play a significant role in shaping the market, with consumers favoring locally sourced, organic, and ethically produced milk substitutes. This unique market dynamic sets Northern Europe apart from other regions and drives the growth of the Milk Substitutes Market.

Underlying macroeconomic factors: The Milk Substitutes Market in Northern Europe is heavily impacted by macroeconomic factors such as consumer preferences, government policies, and technological advancements. With the rising awareness of health and wellness, consumers are increasingly turning towards plant-based alternatives to dairy products, driving the demand for milk substitutes. Moreover, the stringent government regulations promoting sustainable and environmentally-friendly practices in the food industry are also contributing to the growth of this market. Additionally, the increasing availability of innovative and technologically advanced milk substitutes is further propelling market growth in this region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.