How big is the plant-based dairy market | Manufacturers & With official Website 2025

Code: MTA7980 Publication Date: Aug 2025

How big is the plant-based dairy market?

According to 6Wresearch internal database and industry insights, the Plant-Based Dairy Market was valued at USD 18.6 Billion in 2024 and is projected to reach USD 32.4 Billion by 2031, growing at a compound annual growth rate (CAGR) of 8.3% during the forecast period of 2025 to 2031.

The market growth is driven by increasing lactose intolerance and milk allergies, rising veganism, and growing awareness of sustainability in food consumption. Expanding product varieties in milk, yogurt, cheese, and cream alternatives are further fuelling adoption globally.

Key Growth Drivers of the Plant-Based Dairy Market

  • The rising lactose intolerance and milk allergies cases worldwide
  • Powerful consumer attraction to vegan and flexitarian diets
  • Increase plant-based milk, cheese, and yogurt product development
  • Increasing retail and accessibility to supermarkets and e-commerce
  • Growing environmental and ethical issues with conventional dairy production

Plant-Based Dairy Market Trends

The plant-based dairy market is witnessing trends such as rapid innovation in oat, almond, and soy-based formulations, fortified with calcium and proteins to mimic dairy nutrition. There is increased demand on clean-label and organic rankings, as well as on sustainable packaging. Developing use of plant-based dairy in bakeries and cafes, as well as foodservice chains, is increasing market reach. There is also pressure on use of multi-function of products by consumers who are seeking balance between taste, health and sustainability.

Emerging Developments in the Plant-Based Dairy Market

The plant-based dairy market is experiencing developments like investments in precision fermentation and cellular agriculture to enhance dairy alternatives, collaborations between food-tech startups and established FMCG companies, and product launches in premium cheese and yogurt segments. Companies are also focusing on developing shelf-stable, fortified, and allergen-free variants to capture wider consumer bases and strengthen competitiveness in the global dairy alternatives market.

List of Leading Companies in the Plant-Based Dairy Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Danone S.A.

Company NameDanone S.A.
Established Year1919
HeadquartersParis, France
Official WebsiteClick Here

Danone offers a wide portfolio of plant-based dairy alternatives under brands like Alpro, including plant-based milk, yogurt, and creamers, focusing on sustainability, nutrition, and clean-label products.

2. Oatly AB

Company NameOatly AB
Established Year1994
HeadquartersMalmö, Sweden
Official WebsiteClick Here

Oatly specializes in oat-based dairy alternatives, producing milk, cream, yogurt, and ice cream with a focus on sustainability, nutrition, and global distribution.

3. Blue Diamond Growers

Company NameBlue Diamond Growers
Established Year1910
HeadquartersSacramento, California, USA
Official WebsiteClick Here

Blue Diamond provides almond-based milk and yogurt alternatives under the Almond Breeze brand, emphasizing plant-based nutrition and fortified functional ingredients.

4. The Hain Celestial Group, Inc.

Company NameThe Hain Celestial Group, Inc.
Established Year1993
HeadquartersMelville, New York, USA
Official WebsiteClick Here

Hain Celestial produces organic and plant-based dairy alternatives under brands like Dream, offering soy, almond, and other plant-based beverages and creams for health-conscious consumers.

5. Vitasoy International Holdings Ltd.

Company NameVitasoy International Holdings Ltd.
Established Year1940
HeadquartersHong Kong, China
Official WebsiteClick Here

Vitasoy provides soy, almond, and oat-based dairy alternatives including milk, yogurt, and dessert products, catering primarily to Asia-Pacific markets with sustainable plant-based options.

6. Califia Farms

Company NameCalifia Farms
Established Year2010
HeadquartersLos Angeles, California, USA
Official WebsiteClick Here

Califia Farms offers a range of plant-based dairy products including almond milk, oat milk, creamers, and barista blends with a focus on clean-label, functional, and environmentally friendly options.

7. Nestlé S.A.

Company NameNestlé S.A.
Established Year1866
HeadquartersVevey, Switzerland
Official WebsiteClick Here

Nestlé provides plant-based dairy alternatives including beverages and yogurts under brands such as Nesquik Plant-Based, targeting global consumer markets with innovation in taste and nutrition.

8. Alpro (a Danone subsidiary)

Company NameAlpro (a Danone subsidiary)
Established Year1980
HeadquartersGhent, Belgium
Official WebsiteClick Here

Alpro offers plant-based dairy products including milk, yogurt, and cream alternatives made from soy, almond, and oat, promoting sustainable sourcing and vegan-friendly options.

9. Miyoko’s Creamery

Company NameMiyoko’s Creamery
Established Year2014
HeadquartersPetaluma, California, USA
Official WebsiteClick Here

Miyoko’s Creamery produces plant-based dairy alternatives including cheeses and creamers made from nuts and coconut, emphasizing artisanal quality and organic, non-GMO ingredients.

10. Earth’s Own Food Company Inc.

Company NameEarth’s Own Food Company Inc.
Established Year1995
HeadquartersVancouver, British Columbia, Canada
Official WebsiteClick Here

Earth’s Own manufactures plant-based dairy beverages and yogurts, offering soy, oat, and almond-based alternatives that focus on sustainability, nutrition, and Canadian market leadership.

How big is the plant-based dairy market : FAQs

It was valued at USD 18.6 Billion in 2024 and is projected to reach USD 32.4 Billion by 2031.
The plant-based dairy market is expected to grow at a CAGR of 8.3% from 2025 to 2031.
Lactose intolerance, veganism, and innovations in plant-based dairy products.
Oat and almond-based alternatives, fortified nutrition, organic claims, and sustainable packaging.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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