Latin America Dairy Alternatives Market Size & Outlook
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Dairy Alternatives Market Outlook
- Consumer Food & Beverages
Global Market
Related Markets
Ask Prism AI about the dairy alternatives market
Get cited answers from GVR research on market growth, segments, regulations and forecasts.
- Source-linked answers
- Market-specific context
- Traceable figures
Latin America dairy alternatives market highlights
- The Latin America dairy alternatives market generated a revenue of USD 2,154.8 million in 2025.
- The market is expected to grow at a CAGR of 12.9% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 2,154.8 million |
| Market revenue in 2033 | USD 5,687.4 million |
| Growth rate | 12.9% (CAGR from 2026 to 2033) |
| Largest segment | Soy |
| Fastest growing segment | Almond |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 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, Latin America region accounted for 5.9% of the global dairy alternatives market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 46,515.6 million by 2033.
Growing health concerns and rising popularity of the nutritional benefits provided by the dairy alternatives in food and beverage applications are likely to fuel the market growth. The global decline in the consumption of dairy products is also likely to impact dairy consumption in the Central and South American markets.
Moreover, consumers in the region are expected to increasingly shift toward tasty and nutritious dairy alternative products in the coming years. Soymilk is a key product segment and is expected to dominate dairy alternatives market on account of the rising consumer demand for soy-based beverages in the region is expected to drive the market over the forecast period.
Factors such as lower fat content, zero cholesterol, and an increasing number of consumers with lactose intolerance are likely to drive the demand for soymilk in this region. In addition, increasing cases of lactose allergy and growth in application sectors are also expected to drive the market.
No credit card required*
Publish Date: Mar 24, 2025
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
- Turnaround
- 5–10 working days
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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/ |
Latin America 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.
Soy was the largest segment with a revenue share of 41.05% in 2025.
Horizon Databook has segmented the Latin America dairy alternatives market based on soy, almond, coconut, rice, oats, others source covering the revenue growth of each sub-segment from 2021 to 2033.
Growing health concerns and rising popularity of the nutritional benefits provided by the dairy alternatives in food and beverage applications are likely to fuel the market growth. The global decline in the consumption of dairy products is also likely to impact dairy consumption in the Central and South American markets.
Moreover, consumers in the region are expected to increasingly shift toward tasty and nutritious dairy alternative products in the coming years. Soymilk is a key product segment and is expected to dominate dairy alternatives market on account of the rising consumer demand for soy-based beverages in the region is expected to drive the market over the forecast period.
Factors such as lower fat content, zero cholesterol, and an increasing number of consumers with lactose intolerance are likely to drive the demand for soymilk in this region. In addition, increasing cases of lactose allergy and growth in application sectors are also expected to drive the market.
- Latin America Dairy Alternatives Market Source Outlook (Revenue, USD Million , 2021-2033)
- Soy
- Almond
- Coconut
- Rice
- Oats
- Others
- Latin America Dairy Alternatives Market Product Outlook (Revenue, USD Million , 2021-2033)
- Milk
- Yogurt
- Cheese
- Icecream
- Creamer
- Others
- Latin America Dairy Alternatives Market Distribution Channel Outlook (Revenue, USD Million , 2021-2033)
- Supermarket & Hypermarkets
- Convenience Stores
- Online retail
- Others
Reasons to subscribe to Dairy Alternatives Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Dairy Alternatives Market Outlook databook
- Our clientele includes a mix of Dairy Alternatives Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Dairy Alternatives Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Dairy Alternatives Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Dairy Alternatives Market, 2021-2033 (US$M)
Latin America dairy alternatives market statistics, by source, 2021-2033 (US$M)
