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Global Plant-Based Milk Alternative Market Outlook, In‑Depth Analysis & Forecast to 2031
Published Date: November 2025
|
Report Code: QYRE-Auto-22W16807
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Global Plant Based Milk Alternative Market Research Report 2024
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Global Plant-Based Milk Alternative Market Outlook, In‑Depth Analysis & Forecast to 2031

Code: QYRE-Auto-22W16807
Report
November 2025
Pages:156
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Plant-Based Milk Alternative Market

The global Plant-Based Milk Alternative market is projected to grow from US$ million in 2024 to US$ million by 2031, at a CAGR of %(2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
A plant-based milk alternative refers to a non-dairy beverage derived from various plant sources, such as nuts, seeds, grains, or legumes, that serves as a substitute for traditional dairy milk. These alternatives are popular among individuals who are lactose intolerant, allergic to dairy, follow a vegan or plant-based diet, or simply prefer non-dairy options.
From a downstream perspective, Direct Drink accounted for % of 2024 revenue, surging to US$ million by 2031 (CAGR: % from 2025–2031).
Plant-Based Milk Alternative leading manufacturers including Earth’s Own Food Company, Blue Diamond Growers, Danone, Oatly, Califia Farms, Organic Valley, Campbell Soup Company, Elmhurst Milked Direct, SunOpta, Ripple Foods, etc., dominate supply; the top five capture approximately % of global revenue, with Earth’s Own Food Company leading 2024 sales at US$ million.
Regional Outlook:
North America rose from US$ million in 2024 to a forecast US$ million by 2031 (CAGR %).
Asia‑Pacific will expand from US$ million to US$ million (CAGR  %), led by China (US$ million in 2024, % share rising to % by 2031), Japan (CAGR %), South Korea (CAGR %), and Southeast Asia (CAGR %).
Europe is set to grow from US$ million to US$ million (CAGR %), with Germany projected to hit US$ million by 2031 (CAGR %).

Report Includes:

This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global Plant-Based Milk Alternative market, seamlessly integrating production and sales performance across the value chain. It analyzes historical sales volume and revenue sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation

Scope of Plant-Based Milk Alternative Market Report

Report Metric Details
Report Name Plant-Based Milk Alternative Market
Segment by Type
  • Almond
  • Soy
  • Coconut
  • Rice
  • Others
Segment by Application
  • Direct Drink
  • Confectionery
  • Bakery
  • Ice Cream
  • Others
Sales by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company Earth’s Own Food Company, Blue Diamond Growers, Danone, Oatly, Califia Farms, Organic Valley, Campbell Soup Company, Elmhurst Milked Direct, SunOpta, Ripple Foods, Living Harvest Foods, Panos Brands, Craze Foods, Kikkoman Corporation
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Defines the Plant-Based Milk Alternative study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
  • Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
  • Chapter 3: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
  • Chapter 4: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
  • Chapter 5: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
  • Chapter 6: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
  • Chapter 7: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
  • Chapter 8: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
  • Chapter 9: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
  • Chapter 10: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
  • Chapter 11: Profiles manufacturers in depth—details product specs, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
  • Chapter 12: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint, regional production and cost, regulatory and technology, plus downstream channels and distributor roles.
  • Chapter 13: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
  • Chapter 15: Actionable conclusions and strategic recommendations.
  • Why This Report:
  • Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
  • Allocate capital strategically to high growth regions (Chapters 6–10) and margin rich segments (Chapter 5).
  • Negotiate from strength with suppliers (Chapter 12) and customers (Chapter5) using cost and demand intelligence.
  • Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 3 and 11).
  • Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 12 and 13).
  • Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.

FAQ for this report

Who are the main players in the Plant-Based Milk Alternative Market report?

Ans: The main players in the Plant-Based Milk Alternative Market are Earth’s Own Food Company, Blue Diamond Growers, Danone, Oatly, Califia Farms, Organic Valley, Campbell Soup Company, Elmhurst Milked Direct, SunOpta, Ripple Foods, Living Harvest Foods, Panos Brands, Craze Foods, Kikkoman Corporation

What are the Application segmentation covered in the Plant-Based Milk Alternative Market report?

Ans: The Applications covered in the Plant-Based Milk Alternative Market report are Direct Drink, Confectionery, Bakery, Ice Cream, Others

What are the Type segmentation covered in the Plant-Based Milk Alternative Market report?

Ans: The Types covered in the Plant-Based Milk Alternative Market report are Almond, Soy, Coconut, Rice, Others

1 Study Coverage
1.1 Introduction to Plant-Based Milk Alternative: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Plant-Based Milk Alternative Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Almond
1.2.3 Soy
1.2.4 Coconut
1.2.5 Rice
1.2.6 Others
1.3 Market Segmentation by Application
1.3.1 Global Plant-Based Milk Alternative Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Direct Drink
1.3.3 Confectionery
1.3.4 Bakery
1.3.5 Ice Cream
1.3.6 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Plant-Based Milk Alternative Revenue Estimates and Forecasts 2020-2031
2.2 Global Plant-Based Milk Alternative Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Plant-Based Milk Alternative Sales Estimates and Forecasts 2020-2031
2.4 Global Plant-Based Milk Alternative Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Competition by Manufacturers
3.1 Global Plant-Based Milk Alternative Sales by Manufacturers
3.1.1 Global Sales Volume by Manufacturers (2020-2025)
3.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
3.2 Global Plant-Based Milk Alternative Manufacturer Revenue Rankings and Tiers
3.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
3.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
3.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
3.3 Manufacturer Profitability Profiles and Pricing Strategies
3.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
3.3.2 Manufacturer-Level Price Trends (2020-2025)
3.4 Key Manufacturers Manufacturing Base and Headquarters
3.5 Main Product Type Market Size by Manufacturers
3.5.1 Almond Market Size by Manufacturers
3.5.2 Soy Market Size by Manufacturers
3.5.3 Coconut Market Size by Manufacturers
3.5.4 Rice Market Size by Manufacturers
3.5.5 Others Market Size by Manufacturers
3.6 Global Plant-Based Milk Alternative Market Concentration and Dynamics
3.6.1 Global Market Concentration (CR5 and HHI)
3.6.2 Entrant/Exit Impact Analysis
3.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
4 Global Product Segmentation Analysis
4.1 Global Plant-Based Milk Alternative Sales Performance by Type
4.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
4.1.2 Global Sales Market Share by Type (2020-2031)
4.2 Global Plant-Based Milk Alternative Revenue Trends by Type
4.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
4.2.2 Global Revenue Market Share by Type (2020-2031)
4.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
4.4 Product Technology Differentiation
4.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
4.5.1 High-Growth Niches and Adoption Drivers
4.5.2 Profitability Hotspots and Cost Drivers
4.5.3 Substitution Threats
5 Global Downstream Application Analysis
5.1 Global Plant-Based Milk Alternative Sales by Application
5.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
5.1.2 Global Sales Market Share by Application (2020-2031)
5.1.3 High-Growth Application Identification
5.1.4 Emerging Application Case Studies
5.2 Global Plant-Based Milk Alternative Revenue by Application
5.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
5.2.2 Revenue Market Share by Application (2020-2031)
5.3 Global Pricing Dynamics by Application (2020-2031)
5.4 Downstream Customer Analysis
5.4.1 Top Customers by Region
5.4.2 Top Customers by Application
6 North America
6.1 North America Sales Volume and Revenue (2020-2031)
6.2 North America Key Manufacturers Sales Revenue in 2024
6.3 North America Plant-Based Milk Alternative Sales and Revenue by Type (2020-2031)
6.4 North America Plant-Based Milk Alternative Sales and Revenue by Application (2020-2031)
6.5 North America Growth Accelerators and Market Barriers
6.6 North America Plant-Based Milk Alternative Market Size by Country
6.6.1 North America Revenue by Country
6.6.2 North America Sales Trends by Country
6.6.3 US
6.6.4 Canada
6.6.5 Mexico
7 Europe
7.1 Europe Sales Volume and Revenue (2020-2031)
7.2 Europe Key Manufacturers Sales Revenue in 2024
7.3 Europe Plant-Based Milk Alternative Sales and Revenue by Type (2020-2031)
7.4 Europe Plant-Based Milk Alternative Sales and Revenue by Application (2020-2031)
7.5 Europe Growth Accelerators and Market Barriers
7.6 Europe Plant-Based Milk Alternative Market Size by Country
7.6.1 Europe Revenue by Country
7.6.2 Europe Sales Trends by Country
7.6.3 Germany
7.6.4 France
7.6.5 U.K.
7.6.6 Italy
7.6.7 Russia
8 Asia-Pacific
8.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
8.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
8.3 Asia-Pacific Plant-Based Milk Alternative Sales and Revenue by Type (2020-2031)
8.4 Asia-Pacific Plant-Based Milk Alternative Sales and Revenue by Application (2020-2031)
8.5 Asia-Pacific Plant-Based Milk Alternative Market Size by Region
8.5.1 Asia-Pacific Revenue by Region
8.5.2 Asia-Pacific Sales Trends by Region
8.6 Asia-Pacific Growth Accelerators and Market Barriers
8.7 Southeast Asia
8.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
8.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand, Malaysia, Philippines
8.8 China
8.9 Japan
8.10 South Korea
8.11 China Taiwan
8.12 India
9 Central and South America
9.1 Central and South America Sales Volume and Revenue (2020-2031)
9.2 Central and South America Key Manufacturers Sales Revenue in 2024
9.3 Central and South America Plant-Based Milk Alternative Sales and Revenue by Type (2020-2031)
9.4 Central and South America Plant-Based Milk Alternative Sales and Revenue by Application (2020-2031)
9.5 Central and South America Investment Opportunities and Key Challenges
9.6 Central and South America Plant-Based Milk Alternative Market Size by Country
9.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
9.6.2 Brazil
9.6.3 Argentina
10 Middle East and Africa
10.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
10.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
10.3 Middle East and Africa Plant-Based Milk Alternative Sales and Revenue by Type (2020-2031)
10.4 Middle East and Africa Plant-Based Milk Alternative Sales and Revenue by Application (2020-2031)
10.5 Middle East and Africa Investment Opportunities and Key Challenges
10.6 Middle East and Africa Plant-Based Milk Alternative Market Size by Country
10.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 GCC Countries
10.6.3 Turkey
10.6.4 Egypt
10.6.5 South Africa
11 Corporate Profile
11.1 Earth’s Own Food Company
11.1.1 Earth’s Own Food Company Corporation Information
11.1.2 Earth’s Own Food Company Business Overview
11.1.3 Earth’s Own Food Company Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.1.4 Earth’s Own Food Company Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.1.5 Earth’s Own Food Company Plant-Based Milk Alternative Sales by Product in 2024
11.1.6 Earth’s Own Food Company Plant-Based Milk Alternative Sales by Application in 2024
11.1.7 Earth’s Own Food Company Plant-Based Milk Alternative Sales by Geographic Area in 2024
11.1.8 Earth’s Own Food Company Plant-Based Milk Alternative SWOT Analysis
11.1.9 Earth’s Own Food Company Recent Developments
11.2 Blue Diamond Growers
11.2.1 Blue Diamond Growers Corporation Information
11.2.2 Blue Diamond Growers Business Overview
11.2.3 Blue Diamond Growers Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.2.4 Blue Diamond Growers Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.2.5 Blue Diamond Growers Plant-Based Milk Alternative Sales by Product in 2024
11.2.6 Blue Diamond Growers Plant-Based Milk Alternative Sales by Application in 2024
11.2.7 Blue Diamond Growers Plant-Based Milk Alternative Sales by Geographic Area in 2024
11.2.8 Blue Diamond Growers Plant-Based Milk Alternative SWOT Analysis
11.2.9 Blue Diamond Growers Recent Developments
11.3 Danone
11.3.1 Danone Corporation Information
11.3.2 Danone Business Overview
11.3.3 Danone Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.3.4 Danone Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.3.5 Danone Plant-Based Milk Alternative Sales by Product in 2024
11.3.6 Danone Plant-Based Milk Alternative Sales by Application in 2024
11.3.7 Danone Plant-Based Milk Alternative Sales by Geographic Area in 2024
11.3.8 Danone Plant-Based Milk Alternative SWOT Analysis
11.3.9 Danone Recent Developments
11.4 Oatly
11.4.1 Oatly Corporation Information
11.4.2 Oatly Business Overview
11.4.3 Oatly Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.4.4 Oatly Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.4.5 Oatly Plant-Based Milk Alternative Sales by Product in 2024
11.4.6 Oatly Plant-Based Milk Alternative Sales by Application in 2024
11.4.7 Oatly Plant-Based Milk Alternative Sales by Geographic Area in 2024
11.4.8 Oatly Plant-Based Milk Alternative SWOT Analysis
11.4.9 Oatly Recent Developments
11.5 Califia Farms
11.5.1 Califia Farms Corporation Information
11.5.2 Califia Farms Business Overview
11.5.3 Califia Farms Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.5.4 Califia Farms Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.5.5 Califia Farms Plant-Based Milk Alternative Sales by Product in 2024
11.5.6 Califia Farms Plant-Based Milk Alternative Sales by Application in 2024
11.5.7 Califia Farms Plant-Based Milk Alternative Sales by Geographic Area in 2024
11.5.8 Califia Farms Plant-Based Milk Alternative SWOT Analysis
11.5.9 Califia Farms Recent Developments
11.6 Organic Valley
11.6.1 Organic Valley Corporation Information
11.6.2 Organic Valley Business Overview
11.6.3 Organic Valley Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.6.4 Organic Valley Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.6.5 Organic Valley Recent Developments
11.7 Campbell Soup Company
11.7.1 Campbell Soup Company Corporation Information
11.7.2 Campbell Soup Company Business Overview
11.7.3 Campbell Soup Company Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.7.4 Campbell Soup Company Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.7.5 Campbell Soup Company Recent Developments
11.8 Elmhurst Milked Direct
11.8.1 Elmhurst Milked Direct Corporation Information
11.8.2 Elmhurst Milked Direct Business Overview
11.8.3 Elmhurst Milked Direct Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.8.4 Elmhurst Milked Direct Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.8.5 Elmhurst Milked Direct Recent Developments
11.9 SunOpta
11.9.1 SunOpta Corporation Information
11.9.2 SunOpta Business Overview
11.9.3 SunOpta Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.9.4 SunOpta Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.9.5 SunOpta Recent Developments
11.10 Ripple Foods
11.10.1 Ripple Foods Corporation Information
11.10.2 Ripple Foods Business Overview
11.10.3 Ripple Foods Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.10.4 Ripple Foods Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.10.5 Ripple Foods Recent Developments
11.11 Living Harvest Foods
11.11.1 Living Harvest Foods Corporation Information
11.11.2 Living Harvest Foods Business Overview
11.11.3 Living Harvest Foods Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.11.4 Living Harvest Foods Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.11.5 Living Harvest Foods Recent Developments
11.12 Panos Brands
11.12.1 Panos Brands Corporation Information
11.12.2 Panos Brands Business Overview
11.12.3 Panos Brands Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.12.4 Panos Brands Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.12.5 Panos Brands Recent Developments
11.13 Craze Foods
11.13.1 Craze Foods Corporation Information
11.13.2 Craze Foods Business Overview
11.13.3 Craze Foods Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.13.4 Craze Foods Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.13.5 Craze Foods Recent Developments
11.14 Kikkoman Corporation
11.14.1 Kikkoman Corporation Corporation Information
11.14.2 Kikkoman Corporation Business Overview
11.14.3 Kikkoman Corporation Plant-Based Milk Alternative Product Models, Descriptions and Specifications
11.14.4 Kikkoman Corporation Plant-Based Milk Alternative Sales, Price, Revenue and Gross Margin (2020-2025)
11.14.5 Kikkoman Corporation Recent Developments
12 Value Chain and Supply-Chain Analysis
12.1 Plant-Based Milk Alternative Industry Chain
12.2 Plant-Based Milk Alternative Upstream Materials Analysis
12.2.1 Raw Materials
12.2.2 Key Suppliers Market Share & Risk Assessment
12.3 Plant-Based Milk Alternative Integrated Production Analysis
12.3.1 Manufacturing Footprint Analysis
12.3.2 Regional Production Market Share (2020-2031)
12.3.3 Regulatory and Trade Policy Impact on Production
12.3.4 Production Technology Overview
12.3.5 Regional Cost Drivers
12.4 Plant-Based Milk Alternative Sales Channels and Distribution Networks
12.4.1 Sales Channels
12.4.2 Distributors
13 Plant-Based Milk Alternative Market Dynamics
13.1 Industry Trends and Evolution
13.2 Market Growth Drivers and Emerging Opportunities
13.3 Market Challenges, Risks, and Restraints
14 Key Findings in the Global Plant-Based Milk Alternative Study
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
15.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Author Details
List of Tables
 Table 1. Global Plant-Based Milk Alternative Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Table 2. Global Plant-Based Milk Alternative Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Table 3. Global Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 4. Global Plant-Based Milk Alternative Revenue by Region (2020-2025) & (US$ Million)
 Table 5. Global Plant-Based Milk Alternative Revenue by Region (2026-2031) & (US$ Million)
 Table 6. Global Plant-Based Milk Alternative Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 7. Global Plant-Based Milk Alternative Sales by Region (2020-2025) & (K MT)
 Table 8. Global Plant-Based Milk Alternative Sales by Region (2026-2031) & (K MT)
 Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 10. Global Plant-Based Milk Alternative Sales by Manufacturers (2020-2025) & (K MT)
 Table 11. Global Plant-Based Milk Alternative Sales Share by Manufacturers (2020-2025)
 Table 12. Global Plant-Based Milk Alternative Revenue by Manufacturers (2020-2025) & (US$ Million)
 Table 13. Global Plant-Based Milk Alternative Revenue Market Share by Manufacturers (2020-2025)
 Table 14. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
 Table 15. Global Plant-Based Milk Alternative by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Plant-Based Milk Alternative as of 2024)
 Table 16. Global Plant-Based Milk Alternative Average Gross Margin (%) by Manufacturer (2020 VS 2024)
 Table 17. Global Plant-Based Milk Alternative Average Selling Price (ASP) by Manufacturers (2020-2025) & (US$/Ton)
 Table 18. Key Manufacturers Plant-Based Milk Alternative Manufacturing Base and Headquarters
 Table 19. Global Plant-Based Milk Alternative Market Concentration Ratio (CR5 and HHI)
 Table 20. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
 Table 21. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
 Table 22. Global Plant-Based Milk Alternative Sales by Type (2020-2025) & (K MT)
 Table 23. Global Plant-Based Milk Alternative Sales by Type (2026-2031) & (K MT)
 Table 24. Global Plant-Based Milk Alternative Revenue by Type (2020-2025) & (US$ Million)
 Table 25. Global Plant-Based Milk Alternative Revenue by Type (2026-2031) & (US$ Million)
 Table 26. Global Plant-Based Milk Alternative ASP by Type (2020-2031) & (US$/Ton)
 Table 27. Technical Specifications by Key Product Type
 Table 28. Global Plant-Based Milk Alternative Sales by Application (2020-2025) & (K MT)
 Table 29. Global Plant-Based Milk Alternative Sales by Application (2026-2031) & (K MT)
 Table 30. Plant-Based Milk Alternative High-Growth Sectors Demand CAGR (2024-2031)
 Table 31. Global Plant-Based Milk Alternative Revenue by Application (2020-2025) & (US$ Million)
 Table 32. Global Plant-Based Milk Alternative Revenue by Application (2026-2031) & (US$ Million)
 Table 33. Global Plant-Based Milk Alternative ASP by Application (2020-2031) & (US$/Ton)
 Table 34. Top Customers by Region
 Table 35. Top Customers by Application
 Table 36. North America Plant-Based Milk Alternative Growth Accelerators and Market Barriers
 Table 37. North America Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 38. North America Plant-Based Milk Alternative Sales (K MT) by Country (2020 VS 2024 VS 2031)
 Table 39. Europe Plant-Based Milk Alternative Growth Accelerators and Market Barriers
 Table 40. Europe Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 41. Europe Plant-Based Milk Alternative Sales (K MT) by Country (2020 VS 2024 VS 2031)
 Table 42. Asia-Pacific Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 43. Asia-Pacific Plant-Based Milk Alternative Sales (K MT) by Country (2020 VS 2024 VS 2031)
 Table 44. Asia-Pacific Plant-Based Milk Alternative Growth Accelerators and Market Barriers
 Table 45. Southeast Asia Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 46. Central and South America Plant-Based Milk Alternative Investment Opportunities and Key Challenges
 Table 47. Central and South America Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 48. Middle East and Africa Plant-Based Milk Alternative Investment Opportunities and Key Challenges
 Table 49. Middle East and Africa Plant-Based Milk Alternative Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 50. Earth’s Own Food Company Corporation Information
 Table 51. Earth’s Own Food Company Description and Major Businesses
 Table 52. Earth’s Own Food Company Product Models, Descriptions and Specifications
 Table 53. Earth’s Own Food Company Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 54. Earth’s Own Food Company Sales Value Proportion by Product in 2024
 Table 55. Earth’s Own Food Company Sales Value Proportion by Application in 2024
 Table 56. Earth’s Own Food Company Sales Value Proportion by Geographic Area in 2024
 Table 57. Earth’s Own Food Company Plant-Based Milk Alternative SWOT Analysis
 Table 58. Earth’s Own Food Company Recent Developments
 Table 59. Blue Diamond Growers Corporation Information
 Table 60. Blue Diamond Growers Description and Major Businesses
 Table 61. Blue Diamond Growers Product Models, Descriptions and Specifications
 Table 62. Blue Diamond Growers Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 63. Blue Diamond Growers Sales Value Proportion by Product in 2024
 Table 64. Blue Diamond Growers Sales Value Proportion by Application in 2024
 Table 65. Blue Diamond Growers Sales Value Proportion by Geographic Area in 2024
 Table 66. Blue Diamond Growers Plant-Based Milk Alternative SWOT Analysis
 Table 67. Blue Diamond Growers Recent Developments
 Table 68. Danone Corporation Information
 Table 69. Danone Description and Major Businesses
 Table 70. Danone Product Models, Descriptions and Specifications
 Table 71. Danone Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 72. Danone Sales Value Proportion by Product in 2024
 Table 73. Danone Sales Value Proportion by Application in 2024
 Table 74. Danone Sales Value Proportion by Geographic Area in 2024
 Table 75. Danone Plant-Based Milk Alternative SWOT Analysis
 Table 76. Danone Recent Developments
 Table 77. Oatly Corporation Information
 Table 78. Oatly Description and Major Businesses
 Table 79. Oatly Product Models, Descriptions and Specifications
 Table 80. Oatly Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 81. Oatly Sales Value Proportion by Product in 2024
 Table 82. Oatly Sales Value Proportion by Application in 2024
 Table 83. Oatly Sales Value Proportion by Geographic Area in 2024
 Table 84. Oatly Plant-Based Milk Alternative SWOT Analysis
 Table 85. Oatly Recent Developments
 Table 86. Califia Farms Corporation Information
 Table 87. Califia Farms Description and Major Businesses
 Table 88. Califia Farms Product Models, Descriptions and Specifications
 Table 89. Califia Farms Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 90. Califia Farms Sales Value Proportion by Product in 2024
 Table 91. Califia Farms Sales Value Proportion by Application in 2024
 Table 92. Califia Farms Sales Value Proportion by Geographic Area in 2024
 Table 93. Califia Farms Plant-Based Milk Alternative SWOT Analysis
 Table 94. Califia Farms Recent Developments
 Table 95. Organic Valley Corporation Information
 Table 96. Organic Valley Description and Major Businesses
 Table 97. Organic Valley Product Models, Descriptions and Specifications
 Table 98. Organic Valley Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 99. Organic Valley Recent Developments
 Table 100. Campbell Soup Company Corporation Information
 Table 101. Campbell Soup Company Description and Major Businesses
 Table 102. Campbell Soup Company Product Models, Descriptions and Specifications
 Table 103. Campbell Soup Company Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 104. Campbell Soup Company Recent Developments
 Table 105. Elmhurst Milked Direct Corporation Information
 Table 106. Elmhurst Milked Direct Description and Major Businesses
 Table 107. Elmhurst Milked Direct Product Models, Descriptions and Specifications
 Table 108. Elmhurst Milked Direct Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 109. Elmhurst Milked Direct Recent Developments
 Table 110. SunOpta Corporation Information
 Table 111. SunOpta Description and Major Businesses
 Table 112. SunOpta Product Models, Descriptions and Specifications
 Table 113. SunOpta Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 114. SunOpta Recent Developments
 Table 115. Ripple Foods Corporation Information
 Table 116. Ripple Foods Description and Major Businesses
 Table 117. Ripple Foods Product Models, Descriptions and Specifications
 Table 118. Ripple Foods Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 119. Ripple Foods Recent Developments
 Table 120. Living Harvest Foods Corporation Information
 Table 121. Living Harvest Foods Description and Major Businesses
 Table 122. Living Harvest Foods Product Models, Descriptions and Specifications
 Table 123. Living Harvest Foods Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 124. Living Harvest Foods Recent Developments
 Table 125. Panos Brands Corporation Information
 Table 126. Panos Brands Description and Major Businesses
 Table 127. Panos Brands Product Models, Descriptions and Specifications
 Table 128. Panos Brands Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 129. Panos Brands Recent Developments
 Table 130. Craze Foods Corporation Information
 Table 131. Craze Foods Description and Major Businesses
 Table 132. Craze Foods Product Models, Descriptions and Specifications
 Table 133. Craze Foods Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 134. Craze Foods Recent Developments
 Table 135. Kikkoman Corporation Corporation Information
 Table 136. Kikkoman Corporation Description and Major Businesses
 Table 137. Kikkoman Corporation Product Models, Descriptions and Specifications
 Table 138. Kikkoman Corporation Sales (K MT), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
 Table 139. Kikkoman Corporation Recent Developments
 Table 140. Key Raw Materials Distribution
 Table 141. Raw Materials Key Suppliers
 Table 142. Critical Raw Material Supplier Concentration (2024) & Risk Index
 Table 143. Milestones in Production Technology Evolution
 Table 144. Distributors List
 Table 145. Market Trends and Market Evolution
 Table 146. Market Drivers and Opportunities
 Table 147. Market Challenges, Risks, and Restraints
 Table 148. Research Programs/Design for This Report
 Table 149. Key Data Information from Secondary Sources
 Table 150. Key Data Information from Primary Sources


List of Figures
 Figure 1. Plant-Based Milk Alternative Product Picture
 Figure 2. Global Plant-Based Milk Alternative Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Almond Product Picture
 Figure 4. Soy Product Picture
 Figure 5. Coconut Product Picture
 Figure 6. Rice Product Picture
 Figure 7. Others Product Picture
 Figure 8. Global Plant-Based Milk Alternative Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 9. Direct Drink
 Figure 10. Confectionery
 Figure 11. Bakery
 Figure 12. Ice Cream
 Figure 13. Others
 Figure 14. Plant-Based Milk Alternative Report Years Considered
 Figure 15. Global Plant-Based Milk Alternative Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 16. Global Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 17. Global Plant-Based Milk Alternative Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 18. Global Plant-Based Milk Alternative Revenue Market Share by Region (2020-2031)
 Figure 19. Global Plant-Based Milk Alternative Sales (2020-2031) & (K MT)
 Figure 20. Global Plant-Based Milk Alternative Sales (CAGR) by Region (2020-2031) (K MT)
 Figure 21. Global Plant-Based Milk Alternative Sales Market Share by Region (2020-2031)
 Figure 22. Top 5 and Top 10 Manufacturers Plant-Based Milk Alternative Sales Volume Market Share in 2024
 Figure 23. Global Plant-Based Milk Alternative Revenue Market Share Ranking (2024)
 Figure 24. Tier Distribution by Revenue Contribution (2020 VS 2024)
 Figure 25. Almond Revenue Market Share by Manufacturer in 2024
 Figure 26. Soy Revenue Market Share by Manufacturer in 2024
 Figure 27. Coconut Revenue Market Share by Manufacturer in 2024
 Figure 28. Rice Revenue Market Share by Manufacturer in 2024
 Figure 29. Others Revenue Market Share by Manufacturer in 2024
 Figure 30. Global Plant-Based Milk Alternative Sales Market Share by Type (2020-2031)
 Figure 31. Global Plant-Based Milk Alternative Revenue Market Share by Type (2020-2031)
 Figure 32. Global Plant-Based Milk Alternative Sales Market Share by Application (2020-2031)
 Figure 33. Global Plant-Based Milk Alternative Revenue Market Share by Application (2020-2031)
 Figure 34. North America Plant-Based Milk Alternative Sales YoY (2020-2031) & (K MT)
 Figure 35. North America Plant-Based Milk Alternative Revenue YoY (2020-2031) & (US$ Million)
 Figure 36. North America Top 5 Manufacturers Plant-Based Milk Alternative Sales Revenue (US$ Million) in 2024
 Figure 37. North America Plant-Based Milk Alternative Sales Volume (K MT) by Type (2020- 2031)
 Figure 38. North America Plant-Based Milk Alternative Sales Revenue (US$ Million) by Type (2020 - 2031)
 Figure 39. North America Plant-Based Milk Alternative Sales Volume (K MT) by Application (2020-2031)
 Figure 40. North America Plant-Based Milk Alternative Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 41. US Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 42. Canada Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 43. Mexico Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 44. Europe Plant-Based Milk Alternative Sales YoY (2020-2031) & (K MT)
 Figure 45. Europe Plant-Based Milk Alternative Revenue YoY (2020-2031) & (US$ Million)
 Figure 46. Europe Top 5 Manufacturers Plant-Based Milk Alternative Sales Revenue (US$ Million) in 2024
 Figure 47. Europe Plant-Based Milk Alternative Sales Volume (K MT) by Type (2020-2031)
 Figure 48. Europe Plant-Based Milk Alternative Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 49. Europe Plant-Based Milk Alternative Sales Volume (K MT) by Application (2020-2031)
 Figure 50. Europe Plant-Based Milk Alternative Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 51. Germany Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 52. France Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 53. U.K. Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 54. Italy Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 55. Russia Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 56. Asia-Pacific Plant-Based Milk Alternative Sales YoY (2020-2031) & (K MT)
 Figure 57. Asia-Pacific Plant-Based Milk Alternative Revenue YoY (2020-2031) & (US$ Million)
 Figure 58. Asia-Pacific Top 8 Manufacturers Plant-Based Milk Alternative Sales Revenue (US$ Million) in 2024
 Figure 59. Asia-Pacific Plant-Based Milk Alternative Sales Volume (K MT) by Type (2020- 2031)
 Figure 60. Asia-Pacific Plant-Based Milk Alternative Sales Revenue (US$ Million) by Type (2020- 2031)
 Figure 61. Asia-Pacific Plant-Based Milk Alternative Sales Volume (K MT) by Application (2020-2031)
 Figure 62. Asia-Pacific Plant-Based Milk Alternative Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 63. Indonesia Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 64. Japan Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 65. South Korea Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 66. China Taiwan Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 67. India Plant-Based Milk Alternative Revenue (2020-2031) & (US$ Million)
 Figure 68. Central and South America Plant-Based Milk Alternative Sales YoY (2020-2031) & (K MT)
 Figure 69. Central and South America Plant-Based Milk Alternative Revenue YoY (2020-2031) & (US$ Million)
 Figure 70. Central and South America Top 5 Manufacturers Plant-Based Milk Alternative Sales Revenue (US$ Million) in 2024
 Figure 71. Central and South America Plant-Based Milk Alternative Sales Volume (K MT) by Type (2021-2031)
 Figure 72. Central and South America Plant-Based Milk Alternative Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 73. Central and South America Plant-Based Milk Alternative Sales Volume (K MT) by Application (2020-2031)
 Figure 74. Central and South America Plant-Based Milk Alternative Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 75. Brazil Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 76. Argentina Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 77. Middle East, and Africa Plant-Based Milk Alternative Sales YoY (2020-2031) & (K MT)
 Figure 78. Middle East and Africa Plant-Based Milk Alternative Revenue YoY (2020-2031) & (US$ Million)
 Figure 79. Middle East and Africa Top 5 Manufacturers Plant-Based Milk Alternative Sales Revenue (US$ Million) in 2024
 Figure 80. Middle East and Africa Plant-Based Milk Alternative Sales Volume (K MT) by Type (2021-2031)
 Figure 81. South America Plant-Based Milk Alternative Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 82. Middle East and Africa Plant-Based Milk Alternative Sales Volume (K MT) by Application (2020-2031)
 Figure 83. Middle East and Africa Plant-Based Milk Alternative Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 84. GCC Countries Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 85. Turkey Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 86. Egypt Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 87. South Africa Plant-Based Milk Alternative Revenue (2020-2025) & (US$ Million)
 Figure 88. Plant-Based Milk Alternative Industry Chain Mapping
 Figure 89. Regional Plant-Based Milk Alternative Manufacturing Base Distribution (%)
 Figure 90. Global Plant-Based Milk Alternative Production Market Share by Region (2020-2031)
 Figure 91. Plant-Based Milk Alternative Production Process
 Figure 92. Regional Plant-Based Milk Alternative Production Cost Structure
 Figure 93. Channels of Distribution (Direct Vs Distribution)
 Figure 94. Bottom-up and Top-down Approaches for This Report
 Figure 95. Data Triangulation
 Figure 96. Key Executives Interviewed
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