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Plant Milk Market Share

  • Report ID: GMI2250
  • Published Date: Dec 2023
  • Report Format: PDF

Plant Milk Market Share

Alpro and Oatly have successfully secured substantial revenue shares in the market, Alpro, a leading European brand, has successfully established itself by offering a diverse portfolio of plant milks, including almond, oat, soy, coconut, and rice. Its wide range of products caters to various consumer preferences, contributing to its substantial market share.
 

Oatly, on the other hand, has become a global leader in the plant milk industry, specifically known for its oat milk products. Oatly's focus on sustainability, innovative marketing, and the popularity of its creamy oat milk have propelled the brand to secure a substantial market share, reflecting the increasing demand for oat-based alternatives. Both Alpro and Oatly exemplify the success of companies that respond adeptly to changing consumer trends and preferences in the market.
 

Plant Milk Market Companies

Major companies operating in the plant milk industry include:

  • Alpro
  • Oatly
  • Silk (Danone)
  • Califia Farms
  • So Delicious Dairy Free
  • Ripple Foods
  • Elmhurst 1922
  • MALK Organics (MALK Holdings)
  • Eden Foods
  • WhiteWave Foods (Horizon Organic)
  • WestSoy (Silk)
  • Rude Health
  • Good Karma Foods
  • Plenish
  • Blue Diamond Almonds (Almond Breeze)
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant milk reached USD 14 billion in 2023 and is expected to cross USD 41.65 billion by 2032, due to the rising demand for dairy alternatives due to factors, such as lactose intolerance, ethical concerns, and the pursuit of healthier lifestyles worldwide.

The soy source segment recorded USD 6.32 billion in 2023, owing to the shifting consumer focus towards plant-based and lactose-free alternatives to meet the health-conscious choices.

U.S. market was valued at USD 3.02 billion in revenue in 2023, attributed to the heightened environmental awareness and sustainability concerns prompting consumers to opt for plant-based options in the region.

Alpro, Oatly, Silk (Danone), Califia Farms, So Delicious Dairy Free, Ripple Foods, Elmhurst 1922, MALK Organics (MALK Holdings), and Eden Foods are some of the major plant milk companies worldwide.

Plant Milk Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 245
  • Countries covered: 23
  • Pages: 180
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