Global: milk substitute revenue by country 2022

The Statista Consumer Market Outlook estimates that by 2022, global milk substitute market revenue will increase to 21 billion U.S. dollars. China will be the country with the largest revenue, generating around 9.1 billion U.S. dollars. Ranked second and third, will be the United States with 3.1 billion dollars and the Japan with 1.6 billion U.S .dollars in revenue. Germany and Spain round up the top five, each with less than one billion U.S. dollars.

Worldwide milk substitute revenue in 2022, by country (in million U.S. dollars)

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Supplementary notes

Data provided by Statista Market Outlooks are estimates

The Milk Substitutes segment covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc. Considered in this segment are plant-based plain milk as well as plant-based flavored milk.

All figures are estimate. A detailed methodologycan be found in the Statista Market Outlook.

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