Global plant-based milk market projected to grow to $35.22 billion by 2032

From GlobeNewswire: 2025-06-24 10:00:00

The global plant-based milk market is poised to grow, with an estimated value of USD 21.35 Bn in 2025, projected to reach USD 35.22 Bn by 2032. Factors like health awareness, lactose intolerance, and environmental concerns are driving market expansion.

Key takeaways include a projected CAGR of 7.4% between 2025 and 2032, with almond milk leading in market share. Organic plant-based milk is set to dominate, and North America is expected to hold a significant market share.

The rising prevalence of lactose intolerance and dairy allergies is fueling the plant-based milk market growth. Globally, 65% of adults are lactose intolerant, leading to increased demand for plant-based milk alternatives.

Plant-based milk offers a dairy-free option for those with lactose intolerance or sensitivities. As awareness grows, demand for plant-based milk is expected to rise, driven by nutritional benefits and environmental concerns.

While the plant-based milk market shows promise, high costs remain a challenge for wider adoption. Innovations in AI are reshaping the industry, with companies using technology to enhance product quality and sustainability.

Emerging trends in the plant-based milk market include fortification, health and wellness influences, and ongoing product innovation. Companies are investing in R&D to improve taste, texture, and nutritional profiles to attract more consumers.

Technological advancements, celebrity endorsements, and sustainability mandates are shaping the plant-based milk market. Companies are leveraging AI to enhance product quality and reduce environmental impact, catering to a growing vegan and flexitarian population.



Read more at GlobeNewswire: Plant-Based Milk Market to Surpass $35.22 Billion by 2032