Milk Substitutes

  • Worldwide
  • Revenue in the Milk Substitutes segment amounts to US$19,484m in 2021. The market is expected to grow annually by 14.09% (CAGR 2021-2026).
  • In global comparison, most revenue is generated in China (US$8,833m in 2021).
  • In relation to total population figures, per person revenues of US$2.58 are generated in 2021.
  • In the Milk Substitutes segment, volume is expected to amount to 11,718.2mkg by 2026. The Milk Substitutes segment is expected to show a volume growth of 6.2% in 2022.
  • The average volume per person in the Milk Substitutes segment is expected to amount to 0.9kg in 2021.
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