The global plant-based milk market is experiencing strong growth, fueled by shifting consumer dietary habits and rising demand for sustainable dairy alternatives. The market was valued at USD 19.35 billion in 2025 and is projected to grow from USD 21.40 billion in 2026 to nearly USD 52.99 billion by 2035, registering a CAGR of 10.6% during the forecast period (2026–2035).

📌 Key Growth Drivers:
✔ Increasing adoption of flexitarian and vegan lifestyles
✔ Rising global prevalence of lactose intolerance
✔ Growing consumer awareness regarding sustainability and animal welfare
✔ Expanding product innovation across almond, oat, soy, coconut, and other plant-based milk varieties

📌 Industry Trends:
• Rapid expansion of dairy-free beverage portfolios
• Rising investment in sustainable and eco-friendly production methods
• Strong demand from health-conscious and environmentally aware consumers
• Increasing retail and e-commerce distribution channels

The plant-based milk industry continues to reshape the global beverage landscape as manufacturers focus on innovation, nutrition, and sustainability to meet evolving consumer preferences.