Global: milk substitute market revenue 2013-2026

In 2020 the worldwide market for milk substitutes generated a revenue of 18 billion U.S. dollars. This was an increase of more than 1.5 billion since 2019. The Statista Consumer Market Outlook estimates that the revenue of the market will continue to increase and by 2026 reach over 37 billion dollars.

Revenue of the worldwide milk substitute market from 2013 to 2026 (in billion 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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