India Plant-based Milk Market Size & Outlook, 2024-2030

The plant-based milk market in India is expected to reach a projected revenue of US$ 1,684.3 million by 2030. A compound annual growth rate of 8% is expected of India plant-based milk market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,048.9
Forecast, 2030 (US$M)
$1,684.3
CAGR, 2025 - 2030
8%
Report Coverage
India

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India plant-based milk market, 2018-2030 (US$M)

India plant-based milk market, 2018-2030 (US$M)

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India plant-based milk market highlights

  • The India plant-based milk market generated a revenue of USD 1,048.9 million in 2024 and is expected to reach USD 1,684.3 million by 2030.
  • The India market is expected to grow at a CAGR of 8% 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 2024USD 1,048.9 million
Market revenue in 2030USD 1,684.3 million
Growth rate8% (CAGR from 2025 to 2030)
Largest segmentAlmond milk
Fastest growing segmentOat Milk
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAlmond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk
Key market players worldwideDanone 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, India accounted for 5.0% 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 Companies

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India plant-based milk market size, by flavor, 2018-2030 (US$M)

India Plant-based Milk Market Outlook Share, 2024 & 2030 (US$M)

India plant-based milk market size, by flavor, 2018-2030 (US$M)

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