Australia Dairy Alternatives Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook (2025-2034)

The Australia Dairy Alternatives Market was sized at 901.37 Million in 2025, and is projected to reach 1.94 Billion by 2034, rising at a CAGR of 8.00%.

Based on the source, the Australia dairy alternative market share is driven by soy.

Soy is being widely used as a dairy alternative and used in various applications such as beverages, cooking, and baking. It is rich in various vitamins and minerals such as calcium, vitamin A, vitamin B and others. Over the period, individuals have become health conscious and consume dairy alternatives as it is a complete protein source and contains essential amino acids while improving bone health, immune function, and overall well-being. Almond is also rich in vitamin E and calcium is naturally lactose-free and is consumed by individuals as it is suitable for lactose intolerance or dairy allergies, sufficient calorie intake or seeking a lighter alternative.

The growing health concerns by individuals have driven the Australia dairy alternatives market as the consumption of dairy milk substitutes has increased. As reported by ABS, almond milk and soy milk apparent consumption have risen rapidly between 2018-19 and 2020-21 by 31% and 16% respectively.

According to the Australian Bureau of Statistics (ABS), the dietary energy per capita per day between 2019-20 and 2020-21 has increased to 5.6 kilojoules, thus boosting the Australia dairy alternatives market growth.

This report offers a detailed analysis of the market based on the following segments:

Market Breakup by Source

• Almond
• Soy
• Oats
• Coconut
• Others

Market Breakup by Formulation

• Plain
• Flavoured

Market Breakup by Nutrient

• Protein
• Starch
• Vitamin
• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Channels
• Others

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Australia Dairy Alternatives Market Share

Consumers seeking dairy alternatives often look for products that can match or exceed the protein content of traditional dairy. This focus on protein is driven by the growing health and wellness trends, where protein is valued for its role in muscle maintenance, satiety, and overall nutrition.

Leading Companies in the Australia Dairy Alternatives Market

The growth of the dairy alternatives market is fueled as manufacturers of dairy alternatives, such as plant-based milk, yoghurts, and cheeses, prioritise fortifying their products with protein to meet consumer demand and nutritional expectations.

• Nestle Australia Limited
• Nutricia Australia Pty Limited
• Blue Diamond Growers
• PureHarvest
• Califia Farms, LLC
• Others