Plant Milk Market Report 2026

The plant milk market size has grown rapidly in recent years. It will grow from $21.56 billion in 2025 to $24.59 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to rising lactose intolerance awareness, growth of vegan and flexitarian diets, increasing retail availability of plant milk, expansion of health-conscious consumer base, improved plant milk processing techniques.

The plant milk market size is expected to see rapid growth in the next few years. It will grow to $41.58 billion in 2030 at a compound annual growth rate (CAGR) of 14%. The growth in the forecast period can be attributed to increasing demand for sustainable beverages, rising investments in plant-based food innovation, expansion of foodservice adoption, growing focus on protein-enriched plant milk, increasing penetration in emerging markets. Major trends in the forecast period include rising demand for dairy-free milk alternatives, growing adoption of fortified plant milk products, expansion of oat and almond milk consumption, increased focus on clean-label formulations, broadening flavor and texture innovations.

The rising vegan population is anticipated to drive the growth of the plant milk market in the coming years. The vegan population consists of individuals who adhere to a vegan lifestyle, which excludes all animal products, such as meat, dairy, eggs, and honey. The growth in the vegan population is influenced by several key factors, including increased awareness of animal welfare, environmental sustainability, and the health benefits associated with a vegan diet. Plant milk has become a popular alternative to dairy milk among vegans for ethical, environmental, or health-related reasons. For example, a survey conducted in January 2024 by Finder.com LLC, a US-based personal finance comparison site, revealed that there were 2.5 million vegans in Great Britain at the start of 2024, a rise from 1.1 million in 2023. Thus, the growing vegan population is propelling the plant milk market's expansion.

Key players in the plant milk market are concentrating on creating innovative products, such as creamy plant milk, to meet the increasing demand for dairy-free alternatives. Creamy plant milk is a type of non-dairy milk derived from plant sources such as almonds, oats, soy, coconut, cashews, or rice, offering a richer and thicker texture akin to traditional dairy milk. For instance, in February 2024, Califia Farms LLC, a US manufacturer of plant-based dairy products, introduced Califia Farms Complete, a creamy plant milk formulated to replicate the nutritional profile of dairy milk while having 50% less sugar. It is made from a blend of pea, chickpea, and fava bean proteins and contains higher amounts of nine essential nutrients compared to an eight-ounce serving of dairy milk, including protein, calcium, vitamins A, D, and B12, magnesium, phosphorus, potassium, and riboflavin.

In July 2024, Califia Farms LLC acquired Uproot Inc. for an undisclosed sum. This acquisition aims to enhance Califia Farms’ Away From Home product portfolio by utilizing Uproot's technology to minimize packaging waste and improve sustainability in its offerings. Uproot Inc. is a US-based producer known for healthy and sustainable plant milk products.

Major companies operating in the plant milk market are Danone S.A., Campbell Soup Company, Döhler GmbH, Univar Solutions Inc., The Hain Celestial Group Inc., Blue Diamond Growers Inc., Goya Foods Inc., Fazer, Oatly Group AB, Califia Farms LLC, Pacific Foods, Earth’s Own Food Company Inc., Ripple Foods, Oatsome, Elmhurst Milked Direct LLC, Good Karma Foods Inc., Elden Foods LLC, Natura Foods, Vitasoy International Holdings Ltd., Alpro N.V.

North America was the largest region in the plant milk market in 2025. The regions covered in the plant milk market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plant milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The plant milk market consists of sales of hemp milk, pea milk, and macadamia milk. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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