Plant-based Dairy Market Will Hit Big Revenues in Future

According to the latest market research report  title “Plant-based Dairy Market  By Product Type (Plant-based Milk, Soy Drinks, Almond, Coconut, Oat, Rice, Others (Blends, etc.)], Plant-based Yoghurt, Plant-based Cheese, Others), By End Users (B2B [HoReCa, Snacks & Savoury, Bakery & Confectionary], Food Service [HoReCa], Retail Users), By Sales Channel (Supermarkets, Hypermarkets, Local Grocery Stores, Online, Others), By Ingredients (Plant-based Acidulants, Plant-based Botanicals, Plant-based Carotenoids, Vegetable Oils, Polysaccharides & Oligosaccharides, Plant-based Sweeteners, Other Commodities [Water, Cereals, Juices, etc.]), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)– Forecast to 2024″, published by MarkNtel Advisors, The Global Plant-based Dairy Market size is estimated to grow at a CAGR of around 9.1% during the forecast period, i.e., 2024-30.

The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.

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Global Plant-based Dairy Market Opportunity:

Shifting Consumer Inclination Towards Veganism to open New Avenues – Veganism has seen an enormous rise in adoption in recent years, with more and more people adopting a vegan lifestyle.  The rising health concerns, climate change, sustainability issues, animal welfare, etc., are the most prominent reasons influencing individuals to opt for minimal animal-derived products.

The increasing vegan population across the globe has surged the demand for dairy alternatives. As more people adopt vegan or plant-based diets for ethical, environmental, and health reasons, there is a growing demand for dairy alternatives, which is expected to create immense opportunities for the Plant-based Dairy Market in the future years.

Plant-based Dairy Market Segmentation

The Plant-based Dairy Market is highly robust and fragmented into numerous segments;

By Product Type

-Plant-based Milk

–Soy Drinks





–Others (Blends, etc.)

-Plant-based Yoghurt

-Plant-based Cheese


By End Users



–Snacks & Savoury

–Bakery & Confectionary

-Food Service


–Retail Users

By Sales Channel



-Local Grocery Stores



By Ingredients

-Plant-based Acidulants

-Plant-based Botanicals

-Plant-based Carotenoids

-Vegetable Oils

-Polysaccharides & Oligosaccharides   

-Plant-based Sweeteners

-Other Commodities (Water, Cereals, Juices, etc.)

By Region

-North America

-South America


-The Middle East & Africa


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Key Players Operating in the Plant-based Dairy Market: –

Green Spot Co Ltd

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details


Dr Chung’s Food Co Ltd

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details


Marusanai Co Ltd

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details


Key Questions Answered:

  • What is the projected CAGR of the Plant-based Dairy Market during the forecast period?
  • Which segment is expected to lead the Plant-based Dairy Market?
  • Who are the prominent players driving market growth?

Key Offerings:

  • Market Share, Size, and Revenue Forecast
  • Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
  • Landscape: Leading key players and other prominent participants

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.

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