How big is the plant-based milk market | Manufacturers and Suppliers 2025

How big is the plant-based milk market?

The market growth is driven by rising consumer preference for lactose-free and dairy-free alternatives, increasing awareness of health and environmental benefits, and the expansion of plant-based milk offerings across retail, foodservice, and e-commerce platforms.

Key Growth Drivers of the Plant-Based Milk Market

• The rising popularity of vegan, lactose-intolerant and flexitarian diets
• Increasing health awareness, even the demand of low-cholesterol, and fortified beverages
• Increase in product range, such as almond, soy, oat, rice and pea-based milks
• Expanding supply into supermarkets, online portals and cafes
• The longevity patterns promote alternatives to traditional dairy consumption in favour of a diet that is plant-based

Plant-Based Milk Market Trends

The plant-based milk market is witnessing trends such as the development of fortified and functional beverages enriched with vitamins, minerals, and protein. Non-sweetened flavours and blends, such as barista-style, are catching on. Convenience is on the rise because of single-serve packaging, ready-to-drink plant-based milk. To attract the interest of varied consumers in different parts of the world, manufacturers are paying attention to sustainable packaging options, environmentally friendly production methods, and regional/country-specific flavour variations.

Emerging Developments in the Plant-Based Milk Market

The plant-based milk market is experiencing developments like partnerships between startups and large beverage manufacturers, launch of high-protein and fortified milk variants, and investment in alternative protein sources like oat, pea, and rice. Firms are optimising sensory, nutritional and shelf-life. The market penetration is getting faster through expansion into foodservice chains, cafes and e-commerce Trade delivery platforms, and also through expansions and mergers are consolidating the competitors globally.

List of Leading Companies in the Plant-Based Milk Market

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

1. Danone S.A. (Alpro, Silk, So Delicious)

Danone leads the plant-based milk category with brands like Alpro, Silk, and So Delicious, offering soy, almond, oat, and coconut-based beverages worldwide.

2. Blue Diamond Growers

Blue Diamond Growers produces Almond Breeze, a leading almond milk brand known for its wide range of flavours and fortified, dairy-free nutritional offerings.

3. Califia Farms, LLC

Califia Farms is recognised for innovative almond, oat, and coconut milk beverages, catering to health-conscious and vegan consumers across retail and café channels.

4. Oatly Group AB

Oatly is a pioneer in oat-based milk alternatives, offering barista-grade and retail-focused beverages that emphasize sustainability, nutrition, and dairy-free lifestyles.

5. Ripple Foods PBC

Ripple Foods specialises in pea protein-based milk alternatives, delivering dairy-free products with higher protein content and sustainable, eco-friendly manufacturing practices.

6. Hain Celestial Group, Inc. (Dream & West Soy)

Hain Celestial produces plant-based milk through Dream and West Soy brands, offering rice, soy, and almond-based beverages across natural, organic, and specialty food markets.

7. SunOpta Inc.

SunOpta manufactures a broad portfolio of oat, soy, rice, and almond-based plant-based milks, supplying private-label and branded products for global markets.

8. Earth’s Own Food Company Inc.

Earth’s Own specialises in oat and almond milk beverages, focusing on sustainability and eco-conscious products tailored to Canadian and international consumer needs.

9. Vitasoy International Holdings Limited

Vitasoy offers soy, almond, oat, and rice milk products across Asia-Pacific, providing nutritious, dairy-free beverages through retail, foodservice, and international distribution.

10. Pacific Foods of Oregon, LLC (Campbell Soup Company)

Pacific Foods provides plant-based milk alternatives, including almond, soy, hemp, oat, and rice milks, emphasising organic, natural, and sustainable sourcing practices.

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