Global: milk substitutes market revenue 2019-2029

The global revenue in the 'Milk Substitutes' segment of the food market was forecast to continuously increase between 2024 and 2029 by in total 12.6 billion U.S. dollars (+49.94 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 37.86 billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.

Find other key market indicators concerning the revenue growth and average consumption per capita.

The Statista Market Insights cover a broad range of additional markets.

Revenue of the milk substitutes market worldwide from 2019 to 2029 (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

More information

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.

For more information on the displayed data, click the info button on the right side of each box.

Citation formats