Latin America Plant-based Milk Market Size & Outlook

The plant-based milk market in Latin America is expected to reach a projected revenue of US$ 1,407.4 million by 2030. A compound annual growth rate of 7.3% is expected of Latin America plant-based milk market from 2025 to 2030.
Revenue, 2024 (US$M)
$912.7
Forecast, 2030 (US$M)
$1,407.4
CAGR, 2025 - 2030
7.3%
Report Coverage
Latin America

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

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

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Latin America plant-based milk market highlights

  • The Latin America plant-based milk market generated a revenue of USD 912.7 million in 2024.
  • The market is expected to grow at a CAGR of 7.3% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.

Latin America data book summary

Market revenue in 2024USD 912.7 million
Market revenue in 2030USD 1,407.4 million
Growth rate7.3% (CAGR from 2025 to 2030)
Largest segmentAlmond milk
Fastest growing segmentOat Milk
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 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, Latin America region accounted for 4.4% of the global plant-based milk market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 15,859.7 million by 2030.

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Plant-based Milk Market Companies

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Latin America plant-based milk market size, by country, 2018-2030 (US$M)

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

Latin America plant-based milk market size, by country, 2018-2030 (US$M)

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