Plant-based Milk Market 2024 Size Analysis, Sales and Growth Rate
Plant-based Milk Industry The global plant-based milk market size is estimated to reach USD 32.35 billion in 2030 and expand at a CAGR of 7.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the plant-based milk market is primarily driven by shifting consumer preferences towards healthier dietary choices and increasing awareness of lactose intolerance and dairy allergies. Consumers are increasingly opting for plant-based alternatives such as almond, soy, oat, coconut, and others, which offer nutritional benefits including vitamins, minerals, and proteins, without compromising on taste. The growing adoption of vegan and flexitarian lifestyles worldwide has significantly expanded the consumer base for plant-based milk products. These dietary choices are driven by ethical considerations, environmental sustainability concerns, and perceived health benefits associated with reduced consumption of animal products is further expected to...