The global Milk Substitute Materials market size was valued at US$ 15550 million in 2024 and is forecast to a readjusted size of USD 47110 million by 2031 with a CAGR of 17.4% during review period.
Milk Substitute Materials are extracts from sources such as soy, almonds, coconuts, oats, rice is a best alternative for dairy milk and other animal milk present in the market. Due to its high nutritional values and rich in vitamins, minerals, carbohydrates and proteins plant milk is widely accepted among consumers. It has various applications in food and beverage, dairy industry.
Danone and Blue Diamond Growers are the top 2 manufacturers of milk substitute materials globally and account for over 20% of global market share in total. Geographically speaking, Asia-Pacific holds over 40% of global market share. In terms of raw material, soy and almond hold over half of total market share. In terms of end use, direct drink segment accounts for over 60% of total market share.
This report is a detailed and comprehensive analysis for global Milk Substitute Materials market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Milk Substitute Materials market size and forecasts, in consumption value ($ Million), sales quantity (Million Liters), and average selling prices (USD/Kiloliters), 2020-2031
Global Milk Substitute Materials market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Million Liters), and average selling prices (USD/Kiloliters), 2020-2031
Global Milk Substitute Materials market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Million Liters), and average selling prices (USD/Kiloliters), 2020-2031
Global Milk Substitute Materials market shares of main players, shipments in revenue ($ Million), sales quantity (Million Liters), and ASP (USD/Kiloliters), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Milk Substitute Materials
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Milk Substitute Materials market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Danone, Blue Diamond Growers, Oatly, Kikkoman Corporation, Califia Farms, Earth鈥檚 Own Food Company, Ezaki Glico, Ripple Foods, Marusan-Ai Co. Ltd, Campbell Soup Company, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Milk Substitute Materials market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
麻豆原创 segment by Type
Almond
Soy
Coconut
Rice
Oats
Others
麻豆原创 segment by Application
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
Major players covered
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth鈥檚 Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)
麻豆原创 segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Milk Substitute Materials product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Milk Substitute Materials, with price, sales quantity, revenue, and global market share of Milk Substitute Materials from 2020 to 2025.
Chapter 3, the Milk Substitute Materials competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Milk Substitute Materials breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Milk Substitute Materials market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Milk Substitute Materials.
Chapter 14 and 15, to describe Milk Substitute Materials sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Milk Substitute Materials Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Almond
1.3.3 Soy
1.3.4 Coconut
1.3.5 Rice
1.3.6 Oats
1.3.7 Others
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Milk Substitute Materials Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Direct Drink
1.4.3 Confectionery
1.4.4 Bakery
1.4.5 Ice Cream
1.4.6 Cheese
1.4.7 Others
1.5 Global Milk Substitute Materials 麻豆原创 Size & Forecast
1.5.1 Global Milk Substitute Materials Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Milk Substitute Materials Sales Quantity (2020-2031)
1.5.3 Global Milk Substitute Materials Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Danone
2.1.1 Danone Details
2.1.2 Danone Major Business
2.1.3 Danone Milk Substitute Materials Product and Services
2.1.4 Danone Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 Danone Recent Developments/Updates
2.2 Blue Diamond Growers
2.2.1 Blue Diamond Growers Details
2.2.2 Blue Diamond Growers Major Business
2.2.3 Blue Diamond Growers Milk Substitute Materials Product and Services
2.2.4 Blue Diamond Growers Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Blue Diamond Growers Recent Developments/Updates
2.3 Oatly
2.3.1 Oatly Details
2.3.2 Oatly Major Business
2.3.3 Oatly Milk Substitute Materials Product and Services
2.3.4 Oatly Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Oatly Recent Developments/Updates
2.4 Kikkoman Corporation
2.4.1 Kikkoman Corporation Details
2.4.2 Kikkoman Corporation Major Business
2.4.3 Kikkoman Corporation Milk Substitute Materials Product and Services
2.4.4 Kikkoman Corporation Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Kikkoman Corporation Recent Developments/Updates
2.5 Califia Farms
2.5.1 Califia Farms Details
2.5.2 Califia Farms Major Business
2.5.3 Califia Farms Milk Substitute Materials Product and Services
2.5.4 Califia Farms Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 Califia Farms Recent Developments/Updates
2.6 Earth鈥檚 Own Food Company
2.6.1 Earth鈥檚 Own Food Company Details
2.6.2 Earth鈥檚 Own Food Company Major Business
2.6.3 Earth鈥檚 Own Food Company Milk Substitute Materials Product and Services
2.6.4 Earth鈥檚 Own Food Company Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 Earth鈥檚 Own Food Company Recent Developments/Updates
2.7 Ezaki Glico
2.7.1 Ezaki Glico Details
2.7.2 Ezaki Glico Major Business
2.7.3 Ezaki Glico Milk Substitute Materials Product and Services
2.7.4 Ezaki Glico Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Ezaki Glico Recent Developments/Updates
2.8 Ripple Foods
2.8.1 Ripple Foods Details
2.8.2 Ripple Foods Major Business
2.8.3 Ripple Foods Milk Substitute Materials Product and Services
2.8.4 Ripple Foods Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Ripple Foods Recent Developments/Updates
2.9 Marusan-Ai Co. Ltd
2.9.1 Marusan-Ai Co. Ltd Details
2.9.2 Marusan-Ai Co. Ltd Major Business
2.9.3 Marusan-Ai Co. Ltd Milk Substitute Materials Product and Services
2.9.4 Marusan-Ai Co. Ltd Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 Marusan-Ai Co. Ltd Recent Developments/Updates
2.10 Campbell Soup Company
2.10.1 Campbell Soup Company Details
2.10.2 Campbell Soup Company Major Business
2.10.3 Campbell Soup Company Milk Substitute Materials Product and Services
2.10.4 Campbell Soup Company Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Campbell Soup Company Recent Developments/Updates
2.11 SunOpta
2.11.1 SunOpta Details
2.11.2 SunOpta Major Business
2.11.3 SunOpta Milk Substitute Materials Product and Services
2.11.4 SunOpta Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 SunOpta Recent Developments/Updates
2.12 Nutrisoya Foods
2.12.1 Nutrisoya Foods Details
2.12.2 Nutrisoya Foods Major Business
2.12.3 Nutrisoya Foods Milk Substitute Materials Product and Services
2.12.4 Nutrisoya Foods Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Nutrisoya Foods Recent Developments/Updates
2.13 Elmhurst Milked Direct
2.13.1 Elmhurst Milked Direct Details
2.13.2 Elmhurst Milked Direct Major Business
2.13.3 Elmhurst Milked Direct Milk Substitute Materials Product and Services
2.13.4 Elmhurst Milked Direct Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 Elmhurst Milked Direct Recent Developments/Updates
2.14 Panos Brands
2.14.1 Panos Brands Details
2.14.2 Panos Brands Major Business
2.14.3 Panos Brands Milk Substitute Materials Product and Services
2.14.4 Panos Brands Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.14.5 Panos Brands Recent Developments/Updates
2.15 Jindilli Beverages (milkadamia)
2.15.1 Jindilli Beverages (milkadamia) Details
2.15.2 Jindilli Beverages (milkadamia) Major Business
2.15.3 Jindilli Beverages (milkadamia) Milk Substitute Materials Product and Services
2.15.4 Jindilli Beverages (milkadamia) Milk Substitute Materials Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.15.5 Jindilli Beverages (milkadamia) Recent Developments/Updates
3 Competitive Environment: Milk Substitute Materials by Manufacturer
3.1 Global Milk Substitute Materials Sales Quantity by Manufacturer (2020-2025)
3.2 Global Milk Substitute Materials Revenue by Manufacturer (2020-2025)
3.3 Global Milk Substitute Materials Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Milk Substitute Materials by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Milk Substitute Materials Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Milk Substitute Materials Manufacturer 麻豆原创 Share in 2024
3.5 Milk Substitute Materials 麻豆原创: Overall Company Footprint Analysis
3.5.1 Milk Substitute Materials 麻豆原创: Region Footprint
3.5.2 Milk Substitute Materials 麻豆原创: Company Product Type Footprint
3.5.3 Milk Substitute Materials 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Milk Substitute Materials 麻豆原创 Size by Region
4.1.1 Global Milk Substitute Materials Sales Quantity by Region (2020-2031)
4.1.2 Global Milk Substitute Materials Consumption Value by Region (2020-2031)
4.1.3 Global Milk Substitute Materials Average Price by Region (2020-2031)
4.2 North America Milk Substitute Materials Consumption Value (2020-2031)
4.3 Europe Milk Substitute Materials Consumption Value (2020-2031)
4.4 Asia-Pacific Milk Substitute Materials Consumption Value (2020-2031)
4.5 South America Milk Substitute Materials Consumption Value (2020-2031)
4.6 Middle East & Africa Milk Substitute Materials Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Milk Substitute Materials Sales Quantity by Type (2020-2031)
5.2 Global Milk Substitute Materials Consumption Value by Type (2020-2031)
5.3 Global Milk Substitute Materials Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Milk Substitute Materials Sales Quantity by Application (2020-2031)
6.2 Global Milk Substitute Materials Consumption Value by Application (2020-2031)
6.3 Global Milk Substitute Materials Average Price by Application (2020-2031)
7 North America
7.1 North America Milk Substitute Materials Sales Quantity by Type (2020-2031)
7.2 North America Milk Substitute Materials Sales Quantity by Application (2020-2031)
7.3 North America Milk Substitute Materials 麻豆原创 Size by Country
7.3.1 North America Milk Substitute Materials Sales Quantity by Country (2020-2031)
7.3.2 North America Milk Substitute Materials Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Milk Substitute Materials Sales Quantity by Type (2020-2031)
8.2 Europe Milk Substitute Materials Sales Quantity by Application (2020-2031)
8.3 Europe Milk Substitute Materials 麻豆原创 Size by Country
8.3.1 Europe Milk Substitute Materials Sales Quantity by Country (2020-2031)
8.3.2 Europe Milk Substitute Materials Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Milk Substitute Materials Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Milk Substitute Materials Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Milk Substitute Materials 麻豆原创 Size by Region
9.3.1 Asia-Pacific Milk Substitute Materials Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Milk Substitute Materials Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Milk Substitute Materials Sales Quantity by Type (2020-2031)
10.2 South America Milk Substitute Materials Sales Quantity by Application (2020-2031)
10.3 South America Milk Substitute Materials 麻豆原创 Size by Country
10.3.1 South America Milk Substitute Materials Sales Quantity by Country (2020-2031)
10.3.2 South America Milk Substitute Materials Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Milk Substitute Materials Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Milk Substitute Materials Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Milk Substitute Materials 麻豆原创 Size by Country
11.3.1 Middle East & Africa Milk Substitute Materials Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Milk Substitute Materials Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Milk Substitute Materials 麻豆原创 Drivers
12.2 Milk Substitute Materials 麻豆原创 Restraints
12.3 Milk Substitute Materials Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Milk Substitute Materials and Key Manufacturers
13.2 Manufacturing Costs Percentage of Milk Substitute Materials
13.3 Milk Substitute Materials Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Milk Substitute Materials Typical Distributors
14.3 Milk Substitute Materials Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth鈥檚 Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)
听
听
*If Applicable.