The dairy alternatives market in Italy is expected to reach a projected revenue of US$ 1,163.8 million by 2033. A compound annual growth rate of 10.3% is expected of Italy dairy alternatives market from 2026 to 2033.
The Italy dairy alternatives market generated a revenue of USD 532.9 million in 2025 and is expected to reach USD 1,163.8 million by 2033.
The Italy market is expected to grow at a CAGR of 10.3% from 2026 to 2033.
In terms of segment, soy 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 532.9 million
Market revenue in 2033
USD 1,163.8 million
Growth rate
10.3% (CAGR from 2026 to 2033)
Largest segment
Soy
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, Italy accounted for 1.4% 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 Europe, Germany dairy alternatives market is projected to lead the regional market in terms of revenue in 2033.
Spain is the fastest growing regional market in Europe and is projected to reach USD 2,878.6 million by 2033.
According to ProVeg’s report on the environmental cost of dairy compared to plant-based alternatives, the VAT on alternative milk beverages is significantly higher than conventional milk in six countries across Europe including Italy, Greece, Austria, Slovakia, Spain, and Germany. In Italy, soymilk has a VAT rate of 450% higher than cow milk which has restricted the growth of plant-based beverages in the recent past.
However, initiatives taken by non-profit organizations along with the ProVeg international’s initiative on ending unfair VAT on dairy alternatives are expected to boost the market growth over the forecast period. Growing demand for lactose-free and gluten-free products is anticipated to drive the dairy alternatives market growth over the forecast period. Increasing demand for dairy-free beverages in the region is expected to drive the market growth over the forecast period.
Manufacturers like Dr Schär, Parmalat, and Granarolo offer lactose-free and gluten-free products to attract lactose-intolerant consumers in the region. Growing occurrence of milk allergies among Italian consumers is expected to drive demand for dairy alternative products over the forecast period.
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.
Soy was the largest segment with a revenue share of 39.78% in 2025.
Horizon Databook has segmented the Italy dairy alternatives market based on soy, almond, coconut, rice, oats, others source covering the revenue growth of each sub-segment from 2021 to 2033.
According to ProVeg’s report on the environmental cost of dairy compared to plant-based alternatives, the VAT on alternative milk beverages is significantly higher than conventional milk in six countries across Europe including Italy, Greece, Austria, Slovakia, Spain, and Germany. In Italy, soymilk has a VAT rate of 450% higher than cow milk which has restricted the growth of plant-based beverages in the recent past.
However, initiatives taken by non-profit organizations along with the ProVeg international’s initiative on ending unfair VAT on dairy alternatives are expected to boost the market growth over the forecast period. Growing demand for lactose-free and gluten-free products is anticipated to drive the dairy alternatives market growth over the forecast period. Increasing demand for dairy-free beverages in the region is expected to drive the market growth over the forecast period.
Manufacturers like Dr Schär, Parmalat, and Granarolo offer lactose-free and gluten-free products to attract lactose-intolerant consumers in the region. Growing occurrence of milk allergies among Italian consumers is expected to drive demand for dairy alternative products over the forecast period.
Italy Dairy Alternatives Market Source Outlook (Revenue, USD Million , 2021-2033)
Soy
Almond
Coconut
Rice
Oats
Others
Italy Dairy Alternatives Market Product Outlook (Revenue, USD Million , 2021-2033)
Milk
Yogurt
Cheese
Icecream
Creamer
Others
Italy 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 Italy Dairy Alternatives Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Italy Dairy Alternatives Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.