The milk substitute market in the United States generated a revenue of 3.6 billion U.S. dollars in 2023. Since 2019, the market has grown by over a billion U.S. dollars and is forecast to further increase in the coming years.
Revenue of the milk substitute market in the United States from 2018 to 2028
(in million U.S. dollars)
Characteristic
Retail sales in million U.S. dollars
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Definition:
Milk substitutes refer to any type of milk not derived from animals. 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.
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Statista. (June 12, 2023). Revenue of the milk substitute market in the United States from 2018 to 2028 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/
Statista. "Revenue of the milk substitute market in the United States from 2018 to 2028 (in million U.S. dollars) ." Chart. June 12, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/
Statista. (2023). Revenue of the milk substitute market in the United States from 2018 to 2028 (in million U.S. dollars) . Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/
Statista. "Revenue of The Milk Substitute Market in The United States from 2018 to 2028 (in Million U.S. Dollars) ." Statista, Statista Inc., 12 Jun 2023, https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/
Statista, Revenue of the milk substitute market in the United States from 2018 to 2028 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/ (last visited July 27, 2024)
Revenue of the milk substitute market in the United States from 2018 to 2028 (in million U.S. dollars) [Graph], Statista, June 12, 2023. [Online]. Available: https://www.statista.com/statistics/1238235/forecast-of-the-retail-sales-of-milk-alternatives/