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Global Milk Substitute Materials Market Research Report 2025
Published Date: March 2025
|
Report Code: QYRE-Auto-6U10174
Home | Market Reports | Food & Drink| Food
Global Milk Substitute Materials Market Research Report 2022
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Global Milk Substitute Materials Market Research Report 2025

Code: QYRE-Auto-6U10174
Report
March 2025
Pages:96
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
Earth's Own Food Company
Blue Diamond Growers
Danone
Oatly
Califia Farms
Campbell Soup Company
Elmhurst Milked Direct
SunOpta
Ripple Foods
Panos Brands
Kikkoman Corporation
Ezaki Glico
Marusan-Ai Co. Ltd
Nutrisoya Foods
Jindilli Beverages (milkadamia)

Milk Substitute Materials Market Size

The global market for Milk Substitute Materials was valued at US$ 17530 million in the year 2024 and is projected to reach a revised size of US$ 54250 million by 2031, growing at a CAGR of 17.8% during the forecast period.

Milk Substitute Materials Market

Milk Substitute Materials Market

Milk Substitute Materials are extracts from sources such as soy, almonds, coconuts, oats, rice is a best alternative for dairy milk and other animal milk present in the market. Due to its high nutritional values and rich in vitamins, minerals, carbohydrates and proteins plant milk is widely accepted among consumers. It has various applications in food and beverage, dairy industry.
Danone and Blue Diamond Growers are the top 2 manufacturers of milk substitute materials globally and account for over 20% of global market share in total. Geographically speaking, Asia-Pacific holds over 40% of global market share. In terms of raw material, soy and almond hold over half of total market share. In terms of end use, direct drink segment accounts for over 60% of total market share.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Milk Substitute Materials, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Milk Substitute Materials.
The Milk Substitute Materials market size, estimations, and forecasts are provided in terms of sales volume (Million Liters) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Milk Substitute Materials market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Milk Substitute Materials manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Scope of Milk Substitute Materials Market Report

Report Metric Details
Report Name Milk Substitute Materials Market
Accounted market size in year US$ 17530 million
Forecasted market size in 2031 US$ 54250 million
CAGR 17.8%
Base Year year
Forecasted years 2025 - 2031
Segment by Type
  • Almond
  • Soy
  • Coconut
  • Rice
  • Oats
  • Others
Segment by Application
  • Direct Drink
  • Confectionery
  • Bakery
  • Ice Cream
  • Cheese
  • Others
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company Danone, Blue Diamond Growers, Oatly, Kikkoman Corporation, Califia Farms, Earth’s Own Food Company, Ezaki Glico, Ripple Foods, Marusan-Ai Co. Ltd, Campbell Soup Company, SunOpta, Nutrisoya Foods, Elmhurst Milked Direct, Panos Brands, Jindilli Beverages (milkadamia)
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Core Chapters

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Milk Substitute Materials manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Sales, revenue of Milk Substitute Materials in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 9: The main points and conclusions of the report. 

FAQ for this report

How fast is Milk Substitute Materials Market growing?

Ans: The Milk Substitute Materials Market witnessing a CAGR of 17.8% during the forecast period 2025-2031.

What is the Milk Substitute Materials Market size in 2031?

Ans: The Milk Substitute Materials Market size in 2031 will be US$ 54250 million.

What is the market share of major companies in Milk Substitute Materials Market?

Ans: Danone and Blue Diamond Growers are the top 2 manufacturers of milk substitute materials globally and account for over 20% of global market share in total.

What is the Milk Substitute Materials Market share by region?

Ans: Geographically speaking, Asia-Pacific holds over 40% of global market share.

What is the Milk Substitute Materials Market share by application?

Ans: In terms of end use, direct drink segment accounts for over 60% of total market share.

Who are the main players in the Milk Substitute Materials Market report?

Ans: The main players in the Milk Substitute Materials Market are Danone, Blue Diamond Growers, Oatly, Kikkoman Corporation, Califia Farms, Earth’s Own Food Company, Ezaki Glico, Ripple Foods, Marusan-Ai Co. Ltd, Campbell Soup Company, SunOpta, Nutrisoya Foods, Elmhurst Milked Direct, Panos Brands, Jindilli Beverages (milkadamia)

What are the Application segmentation covered in the Milk Substitute Materials Market report?

Ans: The Applications covered in the Milk Substitute Materials Market report are Direct Drink, Confectionery, Bakery, Ice Cream, Cheese, Others

What are the Type segmentation covered in the Milk Substitute Materials Market report?

Ans: The Types covered in the Milk Substitute Materials Market report are Almond, Soy, Coconut, Rice, Oats, Others

Recommended Reports

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Market trends :

Topic Trends
Global the global milk substitute materials market is experiencing rapid growth driven by increasing consumer demand for plant-based alternatives and expanding applications in food and beverage sectors.
Type Almond - almond-based milk substitutes continue to dominate due to consumer preference for taste and nutritional benefits.
Soy - soy milk substitutes retain significant market share owing to their protein content and established consumer acceptance.
Application Direct Drink - direct drink remains the primary application for milk substitute materials, accounting for the majority of market consumption.
Company Danone - danone maintains a leading position in the milk substitute materials market through continuous product innovation and global distribution expansion.
Blue Diamond Growers - blue diamond growers leverages its strong almond supply chain to sustain its market share in plant-based milk alternatives.
Region APAC - asia-pacific leads global market share in milk substitute materials, driven by rising health awareness and lactose intolerance rates.
1 Milk Substitute Materials Market Overview
1.1 Product Definition
1.2 Milk Substitute Materials by Type
1.2.1 Global Milk Substitute Materials Market Value Comparison by Type (2024 VS 2031)
1.2.2 Almond
1.2.3 Soy
1.2.4 Coconut
1.2.5 Rice
1.2.6 Oats
1.2.7 Others
1.3 Milk Substitute Materials by Application
1.3.1 Global Milk Substitute Materials Market Value by Application (2024 VS 2031)
1.3.2 Direct Drink
1.3.3 Confectionery
1.3.4 Bakery
1.3.5 Ice Cream
1.3.6 Cheese
1.3.7 Others
1.4 Global Milk Substitute Materials Market Size Estimates and Forecasts
1.4.1 Global Milk Substitute Materials Revenue 2020-2031
1.4.2 Global Milk Substitute Materials Sales 2020-2031
1.4.3 Global Milk Substitute Materials Market Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Milk Substitute Materials Market Competition by Manufacturers
2.1 Global Milk Substitute Materials Sales Market Share by Manufacturers (2020-2025)
2.2 Global Milk Substitute Materials Revenue Market Share by Manufacturers (2020-2025)
2.3 Global Milk Substitute Materials Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Milk Substitute Materials, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Milk Substitute Materials, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Milk Substitute Materials, Product Type & Application
2.7 Global Key Manufacturers of Milk Substitute Materials, Date of Enter into This Industry
2.8 Global Milk Substitute Materials Market Competitive Situation and Trends
2.8.1 Global Milk Substitute Materials Market Concentration Rate
2.8.2 The Global 5 and 10 Largest Milk Substitute Materials Players Market Share by Revenue
2.8.3 Global Milk Substitute Materials Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Milk Substitute Materials Market Scenario by Region
3.1 Global Milk Substitute Materials Market Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Milk Substitute Materials Sales by Region: 2020-2031
3.2.1 Global Milk Substitute Materials Sales by Region: 2020-2025
3.2.2 Global Milk Substitute Materials Sales by Region: 2026-2031
3.3 Global Milk Substitute Materials Revenue by Region: 2020-2031
3.3.1 Global Milk Substitute Materials Revenue by Region: 2020-2025
3.3.2 Global Milk Substitute Materials Revenue by Region: 2026-2031
3.4 North America Milk Substitute Materials Market Facts & Figures by Country
3.4.1 North America Milk Substitute Materials Market Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Milk Substitute Materials Sales by Country (2020-2031)
3.4.3 North America Milk Substitute Materials Revenue by Country (2020-2031)
3.4.4 United States
3.4.5 Canada
3.5 Europe Milk Substitute Materials Market Facts & Figures by Country
3.5.1 Europe Milk Substitute Materials Market Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Milk Substitute Materials Sales by Country (2020-2031)
3.5.3 Europe Milk Substitute Materials Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Milk Substitute Materials Market Facts & Figures by Region
3.6.1 Asia Pacific Milk Substitute Materials Market Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Milk Substitute Materials Sales by Region (2020-2031)
3.6.3 Asia Pacific Milk Substitute Materials Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Milk Substitute Materials Market Facts & Figures by Country
3.7.1 Latin America Milk Substitute Materials Market Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Milk Substitute Materials Sales by Country (2020-2031)
3.7.3 Latin America Milk Substitute Materials Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Milk Substitute Materials Market Facts & Figures by Country
3.8.1 Middle East and Africa Milk Substitute Materials Market Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Milk Substitute Materials Sales by Country (2020-2031)
3.8.3 Middle East and Africa Milk Substitute Materials Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Milk Substitute Materials Sales by Type (2020-2031)
4.1.1 Global Milk Substitute Materials Sales by Type (2020-2025)
4.1.2 Global Milk Substitute Materials Sales by Type (2026-2031)
4.1.3 Global Milk Substitute Materials Sales Market Share by Type (2020-2031)
4.2 Global Milk Substitute Materials Revenue by Type (2020-2031)
4.2.1 Global Milk Substitute Materials Revenue by Type (2020-2025)
4.2.2 Global Milk Substitute Materials Revenue by Type (2026-2031)
4.2.3 Global Milk Substitute Materials Revenue Market Share by Type (2020-2031)
4.3 Global Milk Substitute Materials Price by Type (2020-2031)
5 Segment by Application
5.1 Global Milk Substitute Materials Sales by Application (2020-2031)
5.1.1 Global Milk Substitute Materials Sales by Application (2020-2025)
5.1.2 Global Milk Substitute Materials Sales by Application (2026-2031)
5.1.3 Global Milk Substitute Materials Sales Market Share by Application (2020-2031)
5.2 Global Milk Substitute Materials Revenue by Application (2020-2031)
5.2.1 Global Milk Substitute Materials Revenue by Application (2020-2025)
5.2.2 Global Milk Substitute Materials Revenue by Application (2026-2031)
5.2.3 Global Milk Substitute Materials Revenue Market Share by Application (2020-2031)
5.3 Global Milk Substitute Materials Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Danone
6.1.1 Danone Company Information
6.1.2 Danone Description and Business Overview
6.1.3 Danone Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Danone Milk Substitute Materials Product Portfolio
6.1.5 Danone Recent Developments/Updates
6.2 Blue Diamond Growers
6.2.1 Blue Diamond Growers Company Information
6.2.2 Blue Diamond Growers Description and Business Overview
6.2.3 Blue Diamond Growers Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Blue Diamond Growers Milk Substitute Materials Product Portfolio
6.2.5 Blue Diamond Growers Recent Developments/Updates
6.3 Oatly
6.3.1 Oatly Company Information
6.3.2 Oatly Description and Business Overview
6.3.3 Oatly Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.3.4 Oatly Milk Substitute Materials Product Portfolio
6.3.5 Oatly Recent Developments/Updates
6.4 Kikkoman Corporation
6.4.1 Kikkoman Corporation Company Information
6.4.2 Kikkoman Corporation Description and Business Overview
6.4.3 Kikkoman Corporation Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Kikkoman Corporation Milk Substitute Materials Product Portfolio
6.4.5 Kikkoman Corporation Recent Developments/Updates
6.5 Califia Farms
6.5.1 Califia Farms Company Information
6.5.2 Califia Farms Description and Business Overview
6.5.3 Califia Farms Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Califia Farms Milk Substitute Materials Product Portfolio
6.5.5 Califia Farms Recent Developments/Updates
6.6 Earth’s Own Food Company
6.6.1 Earth’s Own Food Company Company Information
6.6.2 Earth’s Own Food Company Description and Business Overview
6.6.3 Earth’s Own Food Company Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Earth’s Own Food Company Milk Substitute Materials Product Portfolio
6.6.5 Earth’s Own Food Company Recent Developments/Updates
6.7 Ezaki Glico
6.7.1 Ezaki Glico Company Information
6.7.2 Ezaki Glico Description and Business Overview
6.7.3 Ezaki Glico Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.7.4 Ezaki Glico Milk Substitute Materials Product Portfolio
6.7.5 Ezaki Glico Recent Developments/Updates
6.8 Ripple Foods
6.8.1 Ripple Foods Company Information
6.8.2 Ripple Foods Description and Business Overview
6.8.3 Ripple Foods Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.8.4 Ripple Foods Milk Substitute Materials Product Portfolio
6.8.5 Ripple Foods Recent Developments/Updates
6.9 Marusan-Ai Co. Ltd
6.9.1 Marusan-Ai Co. Ltd Company Information
6.9.2 Marusan-Ai Co. Ltd Description and Business Overview
6.9.3 Marusan-Ai Co. Ltd Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Marusan-Ai Co. Ltd Milk Substitute Materials Product Portfolio
6.9.5 Marusan-Ai Co. Ltd Recent Developments/Updates
6.10 Campbell Soup Company
6.10.1 Campbell Soup Company Company Information
6.10.2 Campbell Soup Company Description and Business Overview
6.10.3 Campbell Soup Company Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Campbell Soup Company Milk Substitute Materials Product Portfolio
6.10.5 Campbell Soup Company Recent Developments/Updates
6.11 SunOpta
6.11.1 SunOpta Company Information
6.11.2 SunOpta Description and Business Overview
6.11.3 SunOpta Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.11.4 SunOpta Milk Substitute Materials Product Portfolio
6.11.5 SunOpta Recent Developments/Updates
6.12 Nutrisoya Foods
6.12.1 Nutrisoya Foods Company Information
6.12.2 Nutrisoya Foods Description and Business Overview
6.12.3 Nutrisoya Foods Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Nutrisoya Foods Milk Substitute Materials Product Portfolio
6.12.5 Nutrisoya Foods Recent Developments/Updates
6.13 Elmhurst Milked Direct
6.13.1 Elmhurst Milked Direct Company Information
6.13.2 Elmhurst Milked Direct Description and Business Overview
6.13.3 Elmhurst Milked Direct Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.13.4 Elmhurst Milked Direct Milk Substitute Materials Product Portfolio
6.13.5 Elmhurst Milked Direct Recent Developments/Updates
6.14 Panos Brands
6.14.1 Panos Brands Company Information
6.14.2 Panos Brands Description and Business Overview
6.14.3 Panos Brands Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.14.4 Panos Brands Milk Substitute Materials Product Portfolio
6.14.5 Panos Brands Recent Developments/Updates
6.15 Jindilli Beverages (milkadamia)
6.15.1 Jindilli Beverages (milkadamia) Company Information
6.15.2 Jindilli Beverages (milkadamia) Description and Business Overview
6.15.3 Jindilli Beverages (milkadamia) Milk Substitute Materials Sales, Revenue and Gross Margin (2020-2025)
6.15.4 Jindilli Beverages (milkadamia) Milk Substitute Materials Product Portfolio
6.15.5 Jindilli Beverages (milkadamia) Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Milk Substitute Materials Industry Chain Analysis
7.2 Milk Substitute Materials Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Milk Substitute Materials Production Mode & Process Analysis
7.4 Milk Substitute Materials Sales and Marketing
7.4.1 Milk Substitute Materials Sales Channels
7.4.2 Milk Substitute Materials Distributors
7.5 Milk Substitute Materials Customer Analysis
8 Milk Substitute Materials Market Dynamics
8.1 Milk Substitute Materials Industry Trends
8.2 Milk Substitute Materials Market Drivers
8.3 Milk Substitute Materials Market Challenges
8.4 Milk Substitute Materials Market Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
FEATURED COMPANIES
Earth's Own Food Company
Blue Diamond Growers
Danone
Oatly
Califia Farms
Campbell Soup Company
Elmhurst Milked Direct
SunOpta
Ripple Foods
Panos Brands
Kikkoman Corporation
Ezaki Glico
Marusan-Ai Co. Ltd
Nutrisoya Foods
Jindilli Beverages (milkadamia)
List of Tables
 Table 1. Global Milk Substitute Materials Market Value Comparison by Type (2024 VS 2031) & (US$ Million)
 Table 2. Global Milk Substitute Materials Market Value by Application (2024 VS 2031) & (US$ Million)
 Table 3. Global Milk Substitute Materials Market Competitive Situation by Manufacturers in 2024
 Table 4. Global Milk Substitute Materials Sales (Million Liters) of Key Manufacturers (2020-2025)
 Table 5. Global Milk Substitute Materials Sales Market Share by Manufacturers (2020-2025)
 Table 6. Global Milk Substitute Materials Revenue (US$ Million) by Manufacturers (2020-2025)
 Table 7. Global Milk Substitute Materials Revenue Share by Manufacturers (2020-2025)
 Table 8. Global Market Milk Substitute Materials Average Price (USD/Kiloliters) of Key Manufacturers (2020-2025)
 Table 9. Global Key Players of Milk Substitute Materials, Industry Ranking, 2022 VS 2023 VS 2024
 Table 10. Global Key Manufacturers of Milk Substitute Materials, Manufacturing Sites & Headquarters
 Table 11. Global Key Manufacturers of Milk Substitute Materials, Product Type & Application
 Table 12. Global Key Manufacturers of Milk Substitute Materials, Date of Enter into This Industry
 Table 13. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 14. Global Milk Substitute Materials by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Milk Substitute Materials as of 2024)
 Table 15. Manufacturers Mergers & Acquisitions, Expansion Plans
 Table 16. Global Milk Substitute Materials Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 17. Global Milk Substitute Materials Sales by Region (2020-2025) & (Million Liters)
 Table 18. Global Milk Substitute Materials Sales Market Share by Region (2020-2025)
 Table 19. Global Milk Substitute Materials Sales by Region (2026-2031) & (Million Liters)
 Table 20. Global Milk Substitute Materials Sales Market Share by Region (2026-2031)
 Table 21. Global Milk Substitute Materials Revenue by Region (2020-2025) & (US$ Million)
 Table 22. Global Milk Substitute Materials Revenue Market Share by Region (2020-2025)
 Table 23. Global Milk Substitute Materials Revenue by Region (2026-2031) & (US$ Million)
 Table 24. Global Milk Substitute Materials Revenue Market Share by Region (2026-2031)
 Table 25. North America Milk Substitute Materials Revenue by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 26. North America Milk Substitute Materials Sales by Country (2020-2025) & (Million Liters)
 Table 27. North America Milk Substitute Materials Sales by Country (2026-2031) & (Million Liters)
 Table 28. North America Milk Substitute Materials Revenue by Country (2020-2025) & (US$ Million)
 Table 29. North America Milk Substitute Materials Revenue by Country (2026-2031) & (US$ Million)
 Table 30. Europe Milk Substitute Materials Revenue by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 31. Europe Milk Substitute Materials Sales by Country (2020-2025) & (Million Liters)
 Table 32. Europe Milk Substitute Materials Sales by Country (2026-2031) & (Million Liters)
 Table 33. Europe Milk Substitute Materials Revenue by Country (2020-2025) & (US$ Million)
 Table 34. Europe Milk Substitute Materials Revenue by Country (2026-2031) & (US$ Million)
 Table 35. Asia Pacific Milk Substitute Materials Revenue by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 36. Asia Pacific Milk Substitute Materials Sales by Region (2020-2025) & (Million Liters)
 Table 37. Asia Pacific Milk Substitute Materials Sales by Region (2026-2031) & (Million Liters)
 Table 38. Asia Pacific Milk Substitute Materials Revenue by Region (2020-2025) & (US$ Million)
 Table 39. Asia Pacific Milk Substitute Materials Revenue by Region (2026-2031) & (US$ Million)
 Table 40. Latin America Milk Substitute Materials Revenue by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 41. Latin America Milk Substitute Materials Sales by Country (2020-2025) & (Million Liters)
 Table 42. Latin America Milk Substitute Materials Sales by Country (2026-2031) & (Million Liters)
 Table 43. Latin America Milk Substitute Materials Revenue by Country (2020-2025) & (US$ Million)
 Table 44. Latin America Milk Substitute Materials Revenue by Country (2026-2031) & (US$ Million)
 Table 45. Middle East and Africa Milk Substitute Materials Revenue by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 46. Middle East and Africa Milk Substitute Materials Sales by Country (2020-2025) & (Million Liters)
 Table 47. Middle East and Africa Milk Substitute Materials Sales by Country (2026-2031) & (Million Liters)
 Table 48. Middle East and Africa Milk Substitute Materials Revenue by Country (2020-2025) & (US$ Million)
 Table 49. Middle East and Africa Milk Substitute Materials Revenue by Country (2026-2031) & (US$ Million)
 Table 50. Global Milk Substitute Materials Sales (Million Liters) by Type (2020-2025)
 Table 51. Global Milk Substitute Materials Sales (Million Liters) by Type (2026-2031)
 Table 52. Global Milk Substitute Materials Sales Market Share by Type (2020-2025)
 Table 53. Global Milk Substitute Materials Sales Market Share by Type (2026-2031)
 Table 54. Global Milk Substitute Materials Revenue (US$ Million) by Type (2020-2025)
 Table 55. Global Milk Substitute Materials Revenue (US$ Million) by Type (2026-2031)
 Table 56. Global Milk Substitute Materials Revenue Market Share by Type (2020-2025)
 Table 57. Global Milk Substitute Materials Revenue Market Share by Type (2026-2031)
 Table 58. Global Milk Substitute Materials Price (USD/Kiloliters) by Type (2020-2025)
 Table 59. Global Milk Substitute Materials Price (USD/Kiloliters) by Type (2026-2031)
 Table 60. Global Milk Substitute Materials Sales (Million Liters) by Application (2020-2025)
 Table 61. Global Milk Substitute Materials Sales (Million Liters) by Application (2026-2031)
 Table 62. Global Milk Substitute Materials Sales Market Share by Application (2020-2025)
 Table 63. Global Milk Substitute Materials Sales Market Share by Application (2026-2031)
 Table 64. Global Milk Substitute Materials Revenue (US$ Million) by Application (2020-2025)
 Table 65. Global Milk Substitute Materials Revenue (US$ Million) by Application (2026-2031)
 Table 66. Global Milk Substitute Materials Revenue Market Share by Application (2020-2025)
 Table 67. Global Milk Substitute Materials Revenue Market Share by Application (2026-2031)
 Table 68. Global Milk Substitute Materials Price (USD/Kiloliters) by Application (2020-2025)
 Table 69. Global Milk Substitute Materials Price (USD/Kiloliters) by Application (2026-2031)
 Table 70. Danone Company Information
 Table 71. Danone Description and Business Overview
 Table 72. Danone Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 73. Danone Milk Substitute Materials Product
 Table 74. Danone Recent Developments/Updates
 Table 75. Blue Diamond Growers Company Information
 Table 76. Blue Diamond Growers Description and Business Overview
 Table 77. Blue Diamond Growers Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 78. Blue Diamond Growers Milk Substitute Materials Product
 Table 79. Blue Diamond Growers Recent Developments/Updates
 Table 80. Oatly Company Information
 Table 81. Oatly Description and Business Overview
 Table 82. Oatly Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 83. Oatly Milk Substitute Materials Product
 Table 84. Oatly Recent Developments/Updates
 Table 85. Kikkoman Corporation Company Information
 Table 86. Kikkoman Corporation Description and Business Overview
 Table 87. Kikkoman Corporation Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 88. Kikkoman Corporation Milk Substitute Materials Product
 Table 89. Kikkoman Corporation Recent Developments/Updates
 Table 90. Califia Farms Company Information
 Table 91. Califia Farms Description and Business Overview
 Table 92. Califia Farms Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 93. Califia Farms Milk Substitute Materials Product
 Table 94. Califia Farms Recent Developments/Updates
 Table 95. Earth’s Own Food Company Company Information
 Table 96. Earth’s Own Food Company Description and Business Overview
 Table 97. Earth’s Own Food Company Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 98. Earth’s Own Food Company Milk Substitute Materials Product
 Table 99. Earth’s Own Food Company Recent Developments/Updates
 Table 100. Ezaki Glico Company Information
 Table 101. Ezaki Glico Description and Business Overview
 Table 102. Ezaki Glico Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 103. Ezaki Glico Milk Substitute Materials Product
 Table 104. Ezaki Glico Recent Developments/Updates
 Table 105. Ripple Foods Company Information
 Table 106. Ripple Foods Description and Business Overview
 Table 107. Ripple Foods Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 108. Ripple Foods Milk Substitute Materials Product
 Table 109. Ripple Foods Recent Developments/Updates
 Table 110. Marusan-Ai Co. Ltd Company Information
 Table 111. Marusan-Ai Co. Ltd Description and Business Overview
 Table 112. Marusan-Ai Co. Ltd Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 113. Marusan-Ai Co. Ltd Milk Substitute Materials Product
 Table 114. Marusan-Ai Co. Ltd Recent Developments/Updates
 Table 115. Campbell Soup Company Company Information
 Table 116. Campbell Soup Company Description and Business Overview
 Table 117. Campbell Soup Company Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 118. Campbell Soup Company Milk Substitute Materials Product
 Table 119. Campbell Soup Company Recent Developments/Updates
 Table 120. SunOpta Company Information
 Table 121. SunOpta Description and Business Overview
 Table 122. SunOpta Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 123. SunOpta Milk Substitute Materials Product
 Table 124. SunOpta Recent Developments/Updates
 Table 125. Nutrisoya Foods Company Information
 Table 126. Nutrisoya Foods Description and Business Overview
 Table 127. Nutrisoya Foods Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 128. Nutrisoya Foods Milk Substitute Materials Product
 Table 129. Nutrisoya Foods Recent Developments/Updates
 Table 130. Elmhurst Milked Direct Company Information
 Table 131. Elmhurst Milked Direct Description and Business Overview
 Table 132. Elmhurst Milked Direct Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 133. Elmhurst Milked Direct Milk Substitute Materials Product
 Table 134. Elmhurst Milked Direct Recent Developments/Updates
 Table 135. Panos Brands Company Information
 Table 136. Panos Brands Description and Business Overview
 Table 137. Panos Brands Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 138. Panos Brands Milk Substitute Materials Product
 Table 139. Panos Brands Recent Developments/Updates
 Table 140. Jindilli Beverages (milkadamia) Company Information
 Table 141. Jindilli Beverages (milkadamia) Description and Business Overview
 Table 142. Jindilli Beverages (milkadamia) Milk Substitute Materials Sales (Million Liters), Revenue (US$ Million), Price (USD/Kiloliters) and Gross Margin (2020-2025)
 Table 143. Jindilli Beverages (milkadamia) Milk Substitute Materials Product
 Table 144. Jindilli Beverages (milkadamia) Recent Developments/Updates
 Table 145. Key Raw Materials Lists
 Table 146. Raw Materials Key Suppliers Lists
 Table 147. Milk Substitute Materials Distributors List
 Table 148. Milk Substitute Materials Customers List
 Table 149. Milk Substitute Materials Market Trends
 Table 150. Milk Substitute Materials Market Drivers
 Table 151. Milk Substitute Materials Market Challenges
 Table 152. Milk Substitute Materials Market Restraints
 Table 153. Research Programs/Design for This Report
 Table 154. Key Data Information from Secondary Sources
 Table 155. Key Data Information from Primary Sources
 Table 156. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Milk Substitute Materials
 Figure 2. Global Milk Substitute Materials Market Value Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global Milk Substitute Materials Market Share by Type: 2024 & 2031
 Figure 4. Almond Product Picture
 Figure 5. Soy Product Picture
 Figure 6. Coconut Product Picture
 Figure 7. Rice Product Picture
 Figure 8. Oats Product Picture
 Figure 9. Others Product Picture
 Figure 10. Global Milk Substitute Materials Market Value by Application (2020-2031) & (US$ Million)
 Figure 11. Global Milk Substitute Materials Market Share by Application: 2024 & 2031
 Figure 12. Direct Drink
 Figure 13. Confectionery
 Figure 14. Bakery
 Figure 15. Ice Cream
 Figure 16. Cheese
 Figure 17. Others
 Figure 18. Global Milk Substitute Materials Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 19. Global Milk Substitute Materials Market Size (2020-2031) & (US$ Million)
 Figure 20. Global Milk Substitute Materials Sales (2020-2031) & (Million Liters)
 Figure 21. Global Milk Substitute Materials Average Price (USD/Kiloliters) & (2020-2031)
 Figure 22. Milk Substitute Materials Report Years Considered
 Figure 23. Milk Substitute Materials Sales Share by Manufacturers in 2024
 Figure 24. Global Milk Substitute Materials Revenue Share by Manufacturers in 2024
 Figure 25. Global 5 and 10 Largest Milk Substitute Materials Players: Market Share by Revenue in Milk Substitute Materials in 2024
 Figure 26. Milk Substitute Materials Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 27. Global Milk Substitute Materials Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Figure 28. North America Milk Substitute Materials Sales Market Share by Country (2020-2031)
 Figure 29. North America Milk Substitute Materials Revenue Market Share by Country (2020-2031)
 Figure 30. United States Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 31. Canada Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 32. Europe Milk Substitute Materials Sales Market Share by Country (2020-2031)
 Figure 33. Europe Milk Substitute Materials Revenue Market Share by Country (2020-2031)
 Figure 34. Germany Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 35. France Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 36. U.K. Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 37. Italy Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 38. Russia Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 39. Asia Pacific Milk Substitute Materials Sales Market Share by Region (2020-2031)
 Figure 40. Asia Pacific Milk Substitute Materials Revenue Market Share by Region (2020-2031)
 Figure 41. China Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 42. Japan Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 43. South Korea Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 44. India Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 45. Australia Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 46. China Taiwan Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 47. Indonesia Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 48. Thailand Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 49. Malaysia Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 50. Latin America Milk Substitute Materials Sales Market Share by Country (2020-2031)
 Figure 51. Latin America Milk Substitute Materials Revenue Market Share by Country (2020-2031)
 Figure 52. Mexico Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 53. Brazil Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 54. Argentina Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 55. Middle East and Africa Milk Substitute Materials Sales Market Share by Country (2020-2031)
 Figure 56. Middle East and Africa Milk Substitute Materials Revenue Market Share by Country (2020-2031)
 Figure 57. Turkey Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 58. Saudi Arabia Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 59. UAE Milk Substitute Materials Revenue Growth Rate (2020-2031) & (US$ Million)
 Figure 60. Global Sales Market Share of Milk Substitute Materials by Type (2020-2031)
 Figure 61. Global Revenue Market Share of Milk Substitute Materials by Type (2020-2031)
 Figure 62. Global Milk Substitute Materials Price (USD/Kiloliters) by Type (2020-2031)
 Figure 63. Global Sales Market Share of Milk Substitute Materials by Application (2020-2031)
 Figure 64. Global Revenue Market Share of Milk Substitute Materials by Application (2020-2031)
 Figure 65. Global Milk Substitute Materials Price (USD/Kiloliters) by Application (2020-2031)
 Figure 66. Milk Substitute Materials Value Chain
 Figure 67. Channels of Distribution (Direct Vs Distribution)
 Figure 68. Bottom-up and Top-down Approaches for This Report
 Figure 69. Data Triangulation
 Figure 70. Key Executives Interviewed
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