Plant Based Milk Market Size
Plant-based Milk Market Size was valued at USD 20.23 Billion in 2024 and is expected to reach USD 42.8 Billion by 2034 growing at a CAGR of 8.6%
Plant milk is a plant-based beverage that is similar in hue to milk. Plant milk is a non-dairy beverage that has been flavored and perfumed with a plant extract derived from water. As a result, plant milks are taken either as a substitute for milk or to add smoothness. Indeed, there have been around 17 different types in recent years, although almonds, oats, soy, coconut, and peas have long been regarded as the greatest sellers worldwide. Plant-based milk production, notably soy, oat, and pea milk, has the potential to be more environmentally friendly than animal milk in terms of greenhouse gas emissions, and land and water use. Plant-based beverages have been consumed for generations, with the term "milk-like plant juices" used since the 13th century. In the twenty-first century, they are usually referred to as plant-based milk, alternative milk, non-dairy milk, or vegan milk. These plant-based beverages are packaged in cartons that are equivalent in size and competitive with dairy milk.