Milk Substitutes - Worldwide

  • Worldwide
  • Revenue in the Milk Substitutes segment amounts to US$24.93bn in 2023. The market is expected to grow annually by 15.39% (CAGR 2023-2027).
  • In global comparison, most revenue is generated in China (US$11,050.00m in 2023).
  • In relation to total population figures, per person revenues of US$3.25 are generated in 2023.
  • In the Milk Substitutes segment, volume is expected to amount to 13.11bn kg by 2027. The Milk Substitutes segment is expected to show a volume growth of 14.0% in 2024.
  • The average volume per person in the Milk Substitutes segment is expected to amount to 1.05kg in 2023.
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