From the selected regions, the ranking by revenue in the 'Milk Substitutes' segment of the food market is lead by China with 9.5 billion U.S. dollars and is followed by the United States (3.6 billion U.S. dollars). In contrast, the ranking is trailed by Russia with 95.01 million U.S. dollars, recording a difference of 9.4 billion U.S. dollars to China.
Data provided by Statista Market Insights are estimates.
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.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.
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Statista. (June 18, 2024). Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country
Statista. "Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars)." Chart. June 18, 2024. Statista. Accessed September 20, 2024. https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country
Statista. (2024). Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country
Statista. "Worldwide Milk Substitute Revenue in 2023, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country
Statista, Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars) Statista, https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country (last visited September 20, 2024)
Worldwide milk substitute revenue in 2023, by country (in million U.S. dollars) [Graph], Statista, June 18, 2024. [Online]. Available: https://www.statista.com/forecasts/1277967/worldwide-milk-substitute-revenue-by-country