Plant Based Milk Market Size and trends
Plant-based milk market is estimated to be valued at USD 21.35 Bn in 2025 and is expected to reach USD 35.22 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.4% from 2025 to 2032.
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Plant-based milk market witnesses growth owing to rising health consciousness among consumers and increasing lactose intolerance. Various factors such as increasing vegan population, environmental concerns regarding dairy milk production, and rising availability of plant-based milk variants are driving the market growth. Moreover, growing awareness regarding the nutritional benefits of plant-based milk such as low cholesterol, lesser calories, and fat content compared to animal-based milk can also boost its demand.
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