EU: milk substitutes revenue growth 2020-2029

The revenue change in the 'Milk Substitutes' segment of the food market in the European Union was forecast to continuously decrease between 2024 and 2029 by in total 5.4 percentage points. After the fifth consecutive decreasing year, the revenue change is estimated to reach 9.91 percent and therefore a new minimum in 2029.

Find more key insights for the revenue change in countries and regions like the revenue in the 'Milk Substitutes' segment of the food market in European Union (EU27) and the average revenue per capita in the 'Milk Substitutes' segment of the food market in European Union (EU27).

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Revenue growth of the milk substitutes market in the European Union (EU-27) from 2020 to 2029

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Special properties

EU-27 is the European Union without the UK for all years

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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