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)
$1,407.4
CAGR, 2025 - 2030
7.3%
Report Coverage
Latin America
Related Markets
Latin America plant-based milk market highlights
- The Latin America plant-based milk market generated a revenue of USD 912.7 million in 2024.
- The market is expected to grow at a CAGR of 7.3% from 2025 to 2030.
- In terms of segment, almond milk was the largest revenue generating product in 2024.
- Oat Milk is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 912.7 million |
| Market revenue in 2030 | USD 1,407.4 million |
| Growth rate | 7.3% (CAGR from 2025 to 2030) |
| Largest segment | Almond milk |
| Fastest growing segment | Oat Milk |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Almond Milk, Oat Milk, Soy Milk, Coconut Milk, Rice Milk, Pea Milk |
| Key market players worldwide | Danone SA, Blue Diamond Growers, The Hain Celestial Group Inc, Califia Farms, SunOpta Inc, Ripple, Elmhurst University, Pacific Foods of Oregon, Oatly Group AB ADR, Daiya Foods, DohlerGroup, Horizon |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global plant-based milk market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,859.7 million by 2030.
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Plant-based Milk Market Scope
Plant-based milk market segmentation & scope
Plant-based Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America plant-based milk market size, by country, 2018-2030 (US$M)
Latin America Plant-based Milk Market Outlook Share, 2024 & 2030 (US$M)
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