Industry: Food & Beverages
Published Date: 2026-07-14
Pages: 149 Pages
Report ld: 6939629
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Plant Milk Market Size(US$)

CAGR 2026-2032
8.5%
Market Size,2032
USD 37,410
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Plant Milk was estimated to be worth US$ 21310 million in 2025 and is projected to reach US$ 37410 million, growing at a CAGR of 8.5% from 2026 to 2032.
Plant milk, also known as non-dairy milk, with the subcategory nut milk, has been consumed for centuries in various cultures, both as a regular drink and as a substitute for dairy milk.
Asia Pacific is the fastest growing region. Danone, Blue Diamond Growers, Oatly, Vitasoy, SunOpta, etc. are well-known for the wonderful performance of their Dairy-Free Milk Substitute and related services. In terms of revenue, the global 5 largest companies occupied for a share nearly 35% in 2022.
This report provides a comprehensive view of the global market for Plant Milk, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Plant Milk market size, estimations, and forecasts are presented in terms of sales volume (K MT) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Plant Milk.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Plant Milk manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Plant Milk sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Plant Milk sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Plant Milk Product Introduction
1.2 Global Plant Milk Market Size Forecast
1.2.1 Global Plant Milk Sales Value (2021–2032)
1.2.2 Global Plant Milk Sales Volume (2021–2032)
1.2.3 Global Plant Milk Sales Price (2021–2032)
1.3 Plant Milk Market Trends & Drivers
1.3.1 Plant Milk Industry Trends
1.3.2 Plant Milk Market Drivers & Opportunities
1.3.3 Plant Milk Market Challenges
1.3.4 Plant Milk Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Plant Milk Players Revenue Ranking (2025)
2.2 Global Plant Milk Revenue by Company (2021–2026)
2.3 Global Plant Milk Sales Volume Ranking of Players (2025)
2.4 Global Plant Milk Sales Volume by Company (2021–2026)
2.5 Global Plant Milk Average Price by Company (2021–2026)
2.6 Key Manufacturers Plant Milk Manufacturing Base and Headquarters
2.7 Key Manufacturers Plant Milk Product Offerings
2.8 Key Manufacturers Start of Mass Production of Plant Milk
2.9 Plant Milk Market Competitive Analysis
2.9.1 Plant Milk Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Plant Milk Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Plant Milk revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Plant Milk Market Classification
3.1 Introduction by Type
3.1.1 Soy Milk
3.1.2 Almond Milk
3.1.3 Rice Milk
3.1.4 Coconut Milk
3.1.5 Oats Milk
3.1.6 Others
3.1.7 Global Plant Milk Sales Value by Type
3.1.7.1 Global Plant Milk Sales Value by Type (2021 vs 2025 vs 2032)
3.1.7.2 Global Plant Milk Sales Value, by Type (2021–2032)
3.1.7.3 Global Plant Milk Sales Value, by Type (%), 2021–2032
3.1.8 Global Plant Milk Sales Volume by Type
3.1.8.1 Global Plant Milk Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.8.2 Global Plant Milk Sales Volume, by Type (2021–2032)
3.1.8.3 Global Plant Milk Sales Volume, by Type (%), 2021–2032
3.1.9 Global Plant Milk Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Desserts
4.1.2 Bakery
4.1.3 Confectionery
4.1.4 Beverages
4.1.5 Others
4.2 Global Plant Milk Sales Value by Application
4.2.1 Global Plant Milk Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Plant Milk Sales Value, by Application (2021–2032)
4.2.3 Global Plant Milk Sales Value, by Application (%), 2021–2032
4.3 Global Plant Milk Sales Volume by Application
4.3.1 Global Plant Milk Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Plant Milk Sales Volume, by Application (2021–2032)
4.3.3 Global Plant Milk Sales Volume, by Application (%), 2021–2032
4.4 Global Plant Milk Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Plant Milk Sales Value by Region
5.1.1 Global Plant Milk Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Plant Milk Sales Value by Region (2021–2026)
5.1.3 Global Plant Milk Sales Value by Region (2027–2032)
5.1.4 Global Plant Milk Sales Value by Region (%), 2021–2032
5.2 Global Plant Milk Sales Volume by Region
5.2.1 Global Plant Milk Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Plant Milk Sales Volume by Region (2021–2026)
5.2.3 Global Plant Milk Sales Volume by Region (2027–2032)
5.2.4 Global Plant Milk Sales Volume by Region (%), 2021–2032
5.3 Global Plant Milk Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Plant Milk Sales Value, 2021–2032
5.4.2 North America Plant Milk Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Plant Milk Sales Value, 2021–2032
5.5.2 Europe Plant Milk Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Plant Milk Sales Value, 2021–2032
5.6.2 Asia Pacific Plant Milk Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Plant Milk Sales Value, 2021–2032
5.7.2 South America Plant Milk Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Plant Milk Sales Value, 2021–2032
5.8.2 Middle East & Africa Plant Milk Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Plant Milk Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Plant Milk Sales Value and Sales Volume
6.2.1 Key Countries/Regions Plant Milk Sales Value, 2021–2032
6.2.2 Key Countries/Regions Plant Milk Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Plant Milk Sales Value, 2021–2032
6.3.2 United States Plant Milk Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Plant Milk Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Plant Milk Sales Value, 2021–2032
6.4.2 Europe Plant Milk Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Plant Milk Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Plant Milk Sales Value, 2021–2032
6.5.2 China Plant Milk Sales Value by Type (%), 2025 vs 2032
6.5.3 China Plant Milk Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Plant Milk Sales Value, 2021–2032
6.6.2 Japan Plant Milk Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Plant Milk Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Plant Milk Sales Value, 2021–2032
6.7.2 South Korea Plant Milk Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Plant Milk Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Plant Milk Sales Value, 2021–2032
6.8.2 Southeast Asia Plant Milk Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Plant Milk Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Plant Milk Sales Value, 2021–2032
6.9.2 India Plant Milk Sales Value by Type (%), 2025 vs 2032
6.9.3 India Plant Milk Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 Danone
7.1.1 Danone Company Information
7.1.2 Danone Introduction and Business Overview
7.1.3 Danone Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 Danone Plant Milk Product Offerings
7.1.5 Danone Recent Developments
7.2 Blue Diamond Growers
7.2.1 Blue Diamond Growers Company Information
7.2.2 Blue Diamond Growers Introduction and Business Overview
7.2.3 Blue Diamond Growers Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 Blue Diamond Growers Plant Milk Product Offerings
7.2.5 Blue Diamond Growers Recent Developments
7.3 Oatly
7.3.1 Oatly Company Information
7.3.2 Oatly Introduction and Business Overview
7.3.3 Oatly Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 Oatly Plant Milk Product Offerings
7.3.5 Oatly Recent Developments
7.4 Vitasoy
7.4.1 Vitasoy Company Information
7.4.2 Vitasoy Introduction and Business Overview
7.4.3 Vitasoy Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 Vitasoy Plant Milk Product Offerings
7.4.5 Vitasoy Recent Developments
7.5 SunOpta
7.5.1 SunOpta Company Information
7.5.2 SunOpta Introduction and Business Overview
7.5.3 SunOpta Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 SunOpta Plant Milk Product Offerings
7.5.5 SunOpta Recent Developments
7.6 Coconut Palm Group
7.6.1 Coconut Palm Group Company Information
7.6.2 Coconut Palm Group Introduction and Business Overview
7.6.3 Coconut Palm Group Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 Coconut Palm Group Plant Milk Product Offerings
7.6.5 Coconut Palm Group Recent Developments
7.7 Dali Group
7.7.1 Dali Group Company Information
7.7.2 Dali Group Introduction and Business Overview
7.7.3 Dali Group Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 Dali Group Plant Milk Product Offerings
7.7.5 Dali Group Recent Developments
7.8 Hain Celestial Group
7.8.1 Hain Celestial Group Company Information
7.8.2 Hain Celestial Group Introduction and Business Overview
7.8.3 Hain Celestial Group Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 Hain Celestial Group Plant Milk Product Offerings
7.8.5 Hain Celestial Group Recent Developments
7.9 Kikkoman Corporation
7.9.1 Kikkoman Corporation Company Information
7.9.2 Kikkoman Corporation Introduction and Business Overview
7.9.3 Kikkoman Corporation Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.9.4 Kikkoman Corporation Plant Milk Product Offerings
7.9.5 Kikkoman Corporation Recent Developments
7.10 Califia Farms
7.10.1 Califia Farms Company Information
7.10.2 Califia Farms Introduction and Business Overview
7.10.3 Califia Farms Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.10.4 Califia Farms Plant Milk Product Offerings
7.10.5 Califia Farms Recent Developments
7.11 Noumi
7.11.1 Noumi Company Information
7.11.2 Noumi Introduction and Business Overview
7.11.3 Noumi Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.11.4 Noumi Plant Milk Product Offerings
7.11.5 Noumi Recent Developments
7.12 Earth’s Own
7.12.1 Earth’s Own Company Information
7.12.2 Earth’s Own Introduction and Business Overview
7.12.3 Earth’s Own Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.12.4 Earth’s Own Plant Milk Product Offerings
7.12.5 Earth’s Own Recent Developments
7.13 Ezaki Glico
7.13.1 Ezaki Glico Company Information
7.13.2 Ezaki Glico Introduction and Business Overview
7.13.3 Ezaki Glico Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.13.4 Ezaki Glico Plant Milk Product Offerings
7.13.5 Ezaki Glico Recent Developments
7.14 Yili
7.14.1 Yili Company Information
7.14.2 Yili Introduction and Business Overview
7.14.3 Yili Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.14.4 Yili Plant Milk Product Offerings
7.14.5 Yili Recent Developments
7.15 Ripple Foods
7.15.1 Ripple Foods Company Information
7.15.2 Ripple Foods Introduction and Business Overview
7.15.3 Ripple Foods Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.15.4 Ripple Foods Plant Milk Product Offerings
7.15.5 Ripple Foods Recent Developments
7.16 Marusan-Ai
7.16.1 Marusan-Ai Company Information
7.16.2 Marusan-Ai Introduction and Business Overview
7.16.3 Marusan-Ai Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.16.4 Marusan-Ai Plant Milk Product Offerings
7.16.5 Marusan-Ai Recent Developments
7.17 Campbell Soup Company
7.17.1 Campbell Soup Company Company Information
7.17.2 Campbell Soup Company Introduction and Business Overview
7.17.3 Campbell Soup Company Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.17.4 Campbell Soup Company Plant Milk Product Offerings
7.17.5 Campbell Soup Company Recent Developments
7.18 Nutrisoya Foods
7.18.1 Nutrisoya Foods Company Information
7.18.2 Nutrisoya Foods Introduction and Business Overview
7.18.3 Nutrisoya Foods Plant Milk Sales, Revenue, Price and Gross Margin (2021–2026)
7.18.4 Nutrisoya Foods Plant Milk Product Offerings
7.18.5 Nutrisoya Foods Recent Developments
8 Industry Chain Analysis
8.1 Plant Milk Industrial Chain
8.2 Plant Milk Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Plant Milk Sales Model
8.5.2 Sales Channels
8.5.3 Plant Milk Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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