Markntel Advisors’ report, Plant-Based Dairy Products Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Plant-Based Dairy Products presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Plant-Based Dairy Products Market Research Report & Market Summary:
The Global Plant-Based Dairy Products Market size was valued at around USD 20 billion in 2024 and is projected to reach USD 34 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period 2025-30. Different factors are credited for the expansion of the market. Consumer acceptance of vegan alternatives primarily due to health and environmental concerns is driving an increase in demand for plant-based milk cheese and yogurt. Due to the popularity of veganism, the market for plant-based dairy products expanded quickly.
If you’re interested in the assumptions considered in this study, you can download the PDF brochure- https://www.marknteladvisors.com/query/request-sample/plant-based-dairy-products-market.html
Plant-Based Dairy Products Market Dynamics:
Key Driver-
Burgeoning Demand for Lactose-Free Products – Globally, 68% of the total population is affected by lactose malabsorption. In various regions of Africa and Asia, most people suffer from lactose intolerance, thus creating a heavy requirement for lactose-free products, ultimately driving the market growth. 36% of the United States population is affected by the problem of lactose intolerance. It has the highest prevalence rates in Asia, Africa, and Latin America regions creating most of the market demand. This awareness drives consumers to increasingly look to plant-based dairy alternatives which tend to naturally exclude lactose. Almond, oat, and soy milk serve as safe and nutritious plant-based choices, allowing individuals to experience dairy-like enjoyment without the discomfort linked to conventional milk.
For example: The popularity of oat milk has surged significantly in regions like North America, partly due to its attraction to lactose-intolerant individuals and its sustainable characteristics. Brands are reacting by introducing more lactose-free products and emphasizing taste, texture, and fortification to resemble the nutrition and versatility of traditional dairy that will continue to fuel the market demand.
Plant-Based Dairy Products Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product Type
- Milk- Market Size & Forecast 2020-2030, USD Million
- Cheese- Market Size & Forecast 2020-2030, USD Million
- Butter- Market Size & Forecast 2020-2030, USD Million
- Yogurt- Market Size & Forecast 2020-2030, USD Million
- Creamers- Market Size & Forecast 2020-2030, USD Million
- Others
Based on product type, the milk segment leads the Global Plant-Based Dairy Products Market. It holds approx. 50% share of the total market.
By Material Type
- Fruits- Market Size & Forecast 2020-2030, USD Million
- Vegetables- Market Size & Forecast 2020-2030, USD Million
- Seeds & Nuts- Market Size & Forecast 2020-2030, USD Million
- Others
By Sales Channel
- Supermarket/Hypermarket- Market Size & Forecast 2020-2030, USD Million
- Convenience Stores- Market Size & Forecast 2020-2030, USD Million
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million
- E-commerce- Market Size & Forecast 2020-2030, USD Million
- Others
By Nature
- Organic- Market Size & Forecast 2020-2030, USD Million
- Conventional- Market Size & Forecast 2020-2030, USD Million
By Nature, the organic segment leads the Global Plant-Based Dairy Products Market. It holds approx. 65% share of the total market.
By End Use
- Bakery & Confectionery- Market Size & Forecast 2020-2030, USD Million
- Snacks & Savouries- Market Size & Forecast 2020-2030, USD Million
- Ready Meals- Market Size & Forecast 2020-2030, USD Million
- HoReCa- Market Size & Forecast 2020-2030, USD Million
- Dietary Supplements- Market Size & Forecast 2020-2030, USD Million
- Other Food Products- Market Size & Forecast 2020-2030, USD Million
- Others
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Out of them, Asia-Pacific dominates the Global Plant-Based Dairy Products Market. It holds approx. 35% market share. Health and sustainability awareness has made the consumer shift towards alternatives that are plant-based.
As indicated in the latest market research report published by Markntel Advisors, “Plant-Based Dairy Products Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Plant-Based Dairy Products industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/plant-based-dairy-products-market.html
Top Companies Operating in the Plant-Based Dairy Products Market:
- Arla Foods
- Daiya Foods Inc.
- Danone S.A
- General Mills
- Saputo
- Chobani
- Earth’s Own Food Company Inc.
- Unilever
- Nestle
- California Farms
- Bel Group
- Kraft Heinz
- 5 Degree
- Elmhurst 1925
- Planting Hope Company
- NotCo
*Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address*
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Plant-Based Dairy Products Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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