Canada Dairy Alternatives Market Size & Outlook, 2026-2033
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Dairy Alternatives Market Outlook
- Consumer Food & Beverages
Global Market
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Canada dairy alternatives market highlights
- The Canada dairy alternatives market generated a revenue of USD 915.4 million in 2025 and is expected to reach USD 2,393.9 million by 2033.
- The Canada market is expected to grow at a CAGR of 12.8% from 2026 to 2033.
- In terms of segment, almond was the largest revenue generating source in 2025.
- Almond is the most lucrative source segment registering the fastest growth during the forecast period.
Dairy alternatives market data book summary
| Market revenue in 2025 | USD 915.4 million |
| Market revenue in 2033 | USD 2,393.9 million |
| Growth rate | 12.8% (CAGR from 2026 to 2033) |
| Largest segment | Almond |
| Fastest growing segment | Almond |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Almond, Coconut, Rice, Oats, Others Source |
| Key market players worldwide | Archer-Daniels Midland Co, Danone SA, The Hain Celestial Group Inc, Otsuka Pharmaceutical, SunOpta Inc, Oatly Group AB ADR, Blue Diamond Growers, CP Kelco, Vitasoy International Holdings Ltd, Eden Foods, Earth's Own, Freedom Foods Group, Organic Valley, Living Harvest Foods |
Other key industry trends
- In terms of revenue, Canada accounted for 2.5% of the global dairy alternatives market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. dairy alternatives market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,834.9 million by 2033.
In Canada, the commercial milk sales have been declining since 2004 on account of the mounting health concerns regarding dairy milk. The switch in plant-based alternatives is increasingly gaining popularity as more than 10% of the population consider themselves to be either vegan or vegetarian. Oat milk is the fastest growing milk category in Canada as the demand is rising by 500% since January 2019.
Although the demand for oat milk has grown exponentially, almond and soy milk remained the preferred choice of plant-based alternatives in Canada in the recent past. In Canada, soybean is mostly produced in Manitoba, Quebec, and Ontario. Increasing production of soybean in the country is expected to increase raw material availability for soymilk industry, thereby positively impacting the overall market growth.
Over 7 million people in the country suffer from lactose intolerance and are displaying increasing demand for lactose-free products with high nutritional value. As a result, the demand for dairy alternative products such as soymilk, coconut milk, and almond milk is expected to witness a substantial growth over the forecast period.
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Publish Date: Mar 24, 2025
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Dairy Alternatives Market Scope
Dairy Alternatives Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Danone SA | View profile | 88,843 | 17, Boulevard Haussmann, Paris, France, 75009 | www.danone.com |
| SunOpta Inc | View profile | 1,174 | 7078 Shady Oak Road, Eden Prairie, MN, United States, 55344 | www.sunopta.com |
| The Hain Celestial Group Inc | View profile | 2,837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | www.hain.com |
| Vitasoy International Holdings Ltd | View profile | 6,534 | Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, Hong Kong, | www.vitasoy.com |
| Archer-Daniels Midland Co | View profile | 41,802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | www.adm.com |
| Otsuka Pharmaceutical | View profile | 251-500 | Tokyo, Tokyo, Japan, Asia | www.otsuka.co.jp/en/ |
| CP Kelco | View profile | 1001-5000 | Atlanta, Georgia, United States, North America | www.cpkelco.com |
| Oatly Group AB ADR | View profile | 1,493 | Ångfärjekajen 8, Malmo, Sweden, 211 19 | www.oatly.com |
| Blue Diamond Growers | View profile | 1001-5000 | Sacramento, California, United States, North America | bluediamondgrowers.com/ |
| Freedom Foods Group | View profile | 501-1000 | Taren Point, New South Wales, Australia, Oceania | ffgl.com.au/ |
Canada Dairy Alternatives Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Dairy Alternatives Market Outlook will help companies and investors design strategic landscapes.
Almond was the largest segment with a revenue share of 45.91% in 2025.
Horizon Databook has segmented the Canada dairy alternatives market based on soy, almond, coconut, rice, oats, others source covering the revenue growth of each sub-segment from 2021 to 2033.
In Canada, the commercial milk sales have been declining since 2004 on account of the mounting health concerns regarding dairy milk. The switch in plant-based alternatives is increasingly gaining popularity as more than 10% of the population consider themselves to be either vegan or vegetarian. Oat milk is the fastest growing milk category in Canada as the demand is rising by 500% since January 2019.
Although the demand for oat milk has grown exponentially, almond and soy milk remained the preferred choice of plant-based alternatives in Canada in the recent past. In Canada, soybean is mostly produced in Manitoba, Quebec, and Ontario. Increasing production of soybean in the country is expected to increase raw material availability for soymilk industry, thereby positively impacting the overall market growth.
Over 7 million people in the country suffer from lactose intolerance and are displaying increasing demand for lactose-free products with high nutritional value. As a result, the demand for dairy alternative products such as soymilk, coconut milk, and almond milk is expected to witness a substantial growth over the forecast period.
- Canada Dairy Alternatives Market Source Outlook (Revenue, USD Million , 2021-2033)
- Soy
- Almond
- Coconut
- Rice
- Oats
- Others
- Canada Dairy Alternatives Market Product Outlook (Revenue, USD Million , 2021-2033)
- Milk
- Yogurt
- Cheese
- Icecream
- Creamer
- Others
- Canada Dairy Alternatives Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- Supermarket & Hypermarkets
- Convenience Stores
- Online retail
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Dairy Alternatives Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Dairy Alternatives Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Dairy Alternatives Market, 2021-2033 (US$M)
Canada dairy alternatives market statistics, by source, 2021-2033 (US$M)
