ANZ Plant-based Milk Market Size & Outlook, 2024-2030
The plant-based milk market in ANZ is expected to reach a projected revenue of US$ 1,078.5 million by 2030. A compound annual growth rate of 7.4% is expected of ANZ plant-based milk market from 2025 to 2030.
Revenue, 2024 (US$M)
$694.4
Forecast, 2030 (US$M)
$1,078.5
CAGR, 2025 - 2030
7.4%
Report Coverage
ANZ
Related Markets
ANZ plant-based milk market highlights
- The ANZ plant-based milk market generated a revenue of USD 694.4 million in 2024 and is expected to reach USD 1,078.5 million by 2030.
- The ANZ market is expected to grow at a CAGR of 7.4% from 2025 to 2030.
- In terms of segment, almond milk was the largest revenue generating product in 2024.
- Oat Milk is the most lucrative product segment registering the fastest growth during the forecast period.
Plant-based milk market data book summary
| Market revenue in 2024 | USD 694.4 million |
| Market revenue in 2030 | USD 1,078.5 million |
| Growth rate | 7.4% (CAGR from 2025 to 2030) |
| Largest segment | Almond milk |
| Fastest growing segment | Oat Milk |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk |
| Key market players worldwide | Danone SA, Blue Diamond Growers, The Hain Celestial Group Inc, Califia Farms, SunOpta Inc, Ripple, Elmhurst University, Pacific Foods of Oregon, Oatly Group AB ADR, Daiya Foods, DohlerGroup, Horizon |
Other key industry trends
- In terms of revenue, ANZ accounted for 3.3% of the global plant-based milk market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plant-based milk market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,971.3 million by 2030.
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Plant-based Milk Market Scope
Plant-based milk market segmentation & scope
Plant-based Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
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ANZ plant-based milk market size, by flavor, 2018-2030 (US$M)
ANZ Plant-based Milk Market Outlook Share, 2024 & 2030 (US$M)
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