Asia-Pacific Non-Dairy Milk Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 9.49 Billion |
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Market Size (2029) | USD 14.13 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 8.29 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Non-Dairy Milk Market Analysis
The Asia-Pacific Non-Dairy Milk Market size is estimated at 9.49 billion USD in 2024, and is expected to reach 14.13 billion USD by 2029, growing at a CAGR of 8.29% during the forecast period (2024-2029).
9.49 Billion
Market Size in 2024 (USD)
14.13 Billion
Market Size in 2029 (USD)
5.71 %
CAGR (2017-2023)
8.29 %
CAGR (2024-2029)
Largest Market by Product Type
76.29 %
value share, Soy Milk, 2023
The changing societal attitudes towards animal welfare and the environment among consumers is increasing the emphasis on soy milk as a go-to ingredient replacing animal-derived milk.
Largest Market by Country
52.65 %
value share, China, 2023
Consumers' healthier perspective and greater emphasis on the nutritional value of products with avoidance of dairy products is largely driving the segmental growth in China.
Fastest-growing Market by Product Type
12.21 %
Projected CAGR, Oat Milk, 2024-2029
The improvised health benefits of oat milk as it is rich in calcium, vitamin D, and Beta- Gluten compared to other plant-based milk types impacting segmental growth.
Fastest-growing Market by Country
15.14 %
Projected CAGR, New Zealand, 2024-2029
The segmental growth in New Zealand is influenced by the advent of functional products, and the emphasis on low-calorie, low-sugar, digestive products by the consumers in New Zealand.
Leading Market Player
16.49 %
market share, Hebei Yangyuan Zhihui Beverage Co. Ltd, 2022
Hebei Yangyuan Zhihui Beverage Co Ltd's major focus on the quality and high standards of the products in plant-based beverages segment with produts in wider range of brands made it maket leader
Strong penetration of organized retail channels fueling the market growth
- From 2017 to 2022, off-trade retailing dominated the retail space in the Asia-Pacific region. In 2022, off-trade retailing held a share of 93.64%. Consumers in this region are highly fascinated by off-trade retailing due to the greater convenience it offers when purchasing plant-based milk.
- On-trade retailing accounted for a share of 6.36% in Asia-Pacific in 2022. In on-trade channels, such as quick-service restaurants, the prices for plant-based milk are fixed, while consumers have several options in off-trade channels. In the Asia-Pacific region, off-trade channels offer plant-based milk at varied prices, ranging from low to medium and high. For example, oat milk sold by these retailing units is available from INR 255 to as high as INR 764. The availability of plant-based milk at different price points also promotes consumer buying power, as they can choose products that suit their affordability parameters.
- In the Asia-Pacific region, on-trade retailers focus on providing a variety of plant-based milk, including different flavors such as unsweetened, chocolate, vanilla, etc. However, these retailers may not provide complete information about product specifics, such as ingredients used or the type of seeds used. As a result, consumers prefer purchasing their plant-based milk beverages through off-trade modes.
- Over the past three years (2020-2023), specialty stores have experienced significant demand under the off-trade mode, as they offer higher visibility of the products to consumers. Considering the growing demand for plant-based milk, the overall distribution segment in the region is expected to grow by 9.78% in 2025 compared to 2022.
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Numerous factors like government support, veganuary campaign, and food service, caffes introducing plant-based milk in their menu is fueling the market expansion
- The Asia-Pacific market witnessed an overall growth rate of 9% in the sales value of plant-based milk from 2019 to 2023. Plant-based milk holds a significant portion of the dairy alternative market in the region. China, Japan, and South Korea are the leading consumers of plant-based milk. In 2023, these three countries collectively accounted for a 74% share of the overall plant-based milk consumption in the region. In South Korea, approximately 74% of consumers opt for plant-based milk, while 27% consume other dairy alternatives.
- In 2022, India had the third-highest number of participants globally in the Veganuary campaign, with approximately 60,000 people joining. This highlights the growing interest in plant-based alternatives in the country. In Australia, each individual consumed around half a metric cup of milk substitutes per week in 2022.
- Vegetarians and vegans in the Asia-Pacific region actively promote the advantages of plant-based alternative milk for human nutrition and health compared to natural dairy milk. Additionally, governments in the region are investing in dairy alternative companies. For instance, in 2022, the New Zealand Government contributed USD 6 million to support New Zealand Functional Foods, a Southland-based oat milk producer.
- Eateries and coffee shops are stocking plant-based goods to meet consumer demand. Café Coffee Day, India's largest coffee chain with over 900 outlets, started offering a variety of plant-based beverages in 2022, driving on-trade sales in the region. In South Korea, the introduction of oat milk to the menu at Starbucks resulted in the sale of over 200,000 oat milk beverages in the first month alone. The sales of plant-based milk through on-trade channels are expected to grow by 11% during the period 2024-2027 in the region.
Asia-Pacific Non-Dairy Milk Market Trends
The increasing vegan population in the region, coupled with increasing milk allergies, is supporting the plant-based milk consumption in the region
- The consumption of different types of plant milk in Asia-Pacific has been on the rise for the past few years due to the growing vegan population. There are even vegan exhibitions/trade shows and music festivals conducted in different countries. For example, Australia has the third-highest percentage of vegans per capita globally. As of 2022, there are 2.5 million vegans and vegetarians' population in the country. Several vegan celebrities across the region, particularly celebrity chefs, have played a significant role in bringing plant-based lifestyles into the mainstream of dining and food culture. Thus, increasing the inclusion of soy milk in the daily diet, as it replaces conventional milk, strengthening the consumption patterns across the region.
- Among the dairy alternatives, plant-based milk like soy milk and almond milk had the majority share across the region in 2022. China is the leading country across the region in terms of consumption of dairy alternatives milk. Within plant-based milk, soy drinks have traditionally been the most popular in China due to the long-standing tradition of soy consumption and its wide availability.
- Consumers, especially those allergic to milk, are keen to consume plant-based milk products. Cow milk allergy is one of the common food allergies in young children. Many Japanese consumers are lactose intolerant and do not consume milk or milk products. As of 2022, in Australia, around 1 in 50 babies and young children showed signs of an allergy to cow's milk. Also, 45% of consumers are actively trying to reduce the number of animal products they consume. Thus, the per capita consumption of plant-based milk in Australia is estimated to increase by 4.74% in 2022-2023.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing innovations in the plant-based milk category is driving the production and use of soybeans and other cereals.
Asia-Pacific Non-Dairy Milk Industry Overview
The Asia-Pacific Non-Dairy Milk Market is fragmented, with the top five companies occupying 38.79%. The major players in this market are Coconut Palm Group Co. Ltd, Hebei Yangyuan Zhihui Beverage Co. Ltd, Kikkoman Corporation, The Hershey Company and Vitasoy International Holdings Ltd (sorted alphabetically).
Asia-Pacific Non-Dairy Milk Market Leaders
Coconut Palm Group Co. Ltd
Hebei Yangyuan Zhihui Beverage Co. Ltd
Kikkoman Corporation
The Hershey Company
Vitasoy International Holdings Ltd
Other important companies include Blue Diamond Growers, Bonsoy Beverage Co., Marusan-AI Co. Ltd, Noumi Ltd, Oatly Group AB.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Non-Dairy Milk Market News
- September 2022: Hershey India launched Sofit Plus, a plant protein-fortified drink. The product is developed as a part of its ‘Nourishing Minds’ social initiative in collaboration with IIT-Bombay, Sion Hospital, to meet the nutritional needs of underprivileged kids.
- September 2022: Vitasoy launched a plant-based milk range Plant+, which includes oat and almond milk varieties with zero cholesterol, low sugar, and high calcium.
- September 2022: Vitasoy launched the Vitasoy Plant+ range of plant milk in the Singaporean market. These plant-based milk products are available in almond, oat, and soy varieties and are high in calcium and low in sugar with zero cholesterol.
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We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy alternatives industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy alternatives, through granular level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy alternative products, categories of dairy alternative products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.
Asia-Pacific Non-Dairy Milk Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Per Capita Consumption
-
4.2 Raw Material/commodity Production
- 4.2.1 Dairy Alternative - Raw Material Production
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4.3 Regulatory Framework
- 4.3.1 Australia
- 4.3.2 China
- 4.3.3 India
- 4.3.4 Japan
- 4.3.5 South Korea
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Product Type
- 5.1.1 Almond Milk
- 5.1.2 Cashew Milk
- 5.1.3 Coconut Milk
- 5.1.4 Hazelnut Milk
- 5.1.5 Hemp Milk
- 5.1.6 Oat Milk
- 5.1.7 Soy Milk
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5.2 Distribution Channel
- 5.2.1 Off-Trade
- 5.2.1.1 By Sub Distribution Channels
- 5.2.1.1.1 Convenience Stores
- 5.2.1.1.2 Online Retail
- 5.2.1.1.3 Specialist Retailers
- 5.2.1.1.4 Supermarkets and Hypermarkets
- 5.2.1.1.5 Others (Warehouse clubs, gas stations, etc.)
- 5.2.2 On-Trade
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5.3 Country
- 5.3.1 Australia
- 5.3.2 China
- 5.3.3 India
- 5.3.4 Indonesia
- 5.3.5 Japan
- 5.3.6 Malaysia
- 5.3.7 New Zealand
- 5.3.8 Pakistan
- 5.3.9 South Korea
- 5.3.10 Rest of Asia Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Blue Diamond Growers
- 6.4.2 Bonsoy Beverage Co.
- 6.4.3 Coconut Palm Group Co. Ltd
- 6.4.4 Hebei Yangyuan Zhihui Beverage Co. Ltd
- 6.4.5 Kikkoman Corporation
- 6.4.6 Marusan-AI Co. Ltd
- 6.4.7 Noumi Ltd
- 6.4.8 Oatly Group AB
- 6.4.9 The Hershey Company
- 6.4.10 Vitasoy International Holdings Ltd
7. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF NON-DAIRY MILK, KG, ASIA-PACIFIC, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF ASIA-PACIFIC NON-DAIRY MILK MARKET - RAW MATERIAL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2021
- Figure 3:
- VOLUME OF NON-DAIRY MILK, METRIC TONNES, BY ASIA-PACIFIC, 2017 - 2029
- Figure 4:
- VALUE OF NON-DAIRY MILK, USD MN, BY ASIA-PACIFIC, 2017 - 2029
- Figure 5:
- VOLUME OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 6:
- VALUE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF NON-DAIRY MILK MARKET BY PRODUCT TYPE, %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF ALMOND MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 10:
- VALUE OF ALMOND MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 11:
- VALUE SHARE OF ALMOND MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 12:
- VOLUME OF CASHEW MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 13:
- VALUE OF CASHEW MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 14:
- VALUE SHARE OF CASHEW MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 15:
- VOLUME OF COCONUT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 16:
- VALUE OF COCONUT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 17:
- VALUE SHARE OF COCONUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 18:
- VOLUME OF HAZELNUT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 19:
- VALUE OF HAZELNUT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 20:
- VALUE SHARE OF HAZELNUT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 21:
- VOLUME OF HEMP MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 22:
- VALUE OF HEMP MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 23:
- VALUE SHARE OF HEMP MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 24:
- VOLUME OF OAT MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 25:
- VALUE OF OAT MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 26:
- VALUE SHARE OF OAT MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 27:
- VOLUME OF SOY MILK MARKET, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 28:
- VALUE OF SOY MILK MARKET, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 29:
- VALUE SHARE OF SOY MILK MARKET, BY DISTRIBUTION CHANNEL, %, ASIA-PACIFIC, 2022 VS 2029
- Figure 30:
- VOLUME OF NON-DAIRY MILK MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 31:
- VALUE OF NON-DAIRY MILK MARKET BY DISTRIBUTION CHANNEL, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 32:
- VOLUME SHARE OF NON-DAIRY MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 33:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY DISTRIBUTION CHANNEL , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 34:
- VOLUME OF NON-DAIRY MILK MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 35:
- VALUE OF NON-DAIRY MILK MARKET BY SUB DISTRIBUTION CHANNELS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 36:
- VOLUME SHARE OF NON-DAIRY MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 37:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY SUB DISTRIBUTION CHANNELS , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 38:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 39:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA CONVENIENCE STORES, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 40:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 41:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 42:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA ONLINE RETAIL, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 43:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 44:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 45:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA SPECIALIST RETAILERS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 46:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 47:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 48:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 49:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 50:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 51:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 52:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 53:
- VOLUME OF NON-DAIRY MILK MARKET SOLD VIA ON-TRADE, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 54:
- VALUE OF NON-DAIRY MILK MARKET SOLD VIA ON-TRADE, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 55:
- VALUE SHARE OF NON-DAIRY MILK MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, ASIA-PACIFIC, 2022 VS 2029
- Figure 56:
- VOLUME OF NON-DAIRY MILK MARKET BY COUNTRY, METRIC TONNES, ASIA-PACIFIC, 2017 - 2029
- Figure 57:
- VALUE OF NON-DAIRY MILK MARKET BY COUNTRY, USD MN, ASIA-PACIFIC, 2017 - 2029
- Figure 58:
- VOLUME SHARE OF NON-DAIRY MILK MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 59:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY COUNTRY , %, ASIA-PACIFIC, 2017 VS 2023 VS 2029
- Figure 60:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, AUSTRALIA, 2017 - 2029
- Figure 61:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, AUSTRALIA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, AUSTRALIA, 2022 VS 2029
- Figure 63:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, CHINA, 2017 - 2029
- Figure 64:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, CHINA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, CHINA, 2022 VS 2029
- Figure 66:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, INDIA, 2017 - 2029
- Figure 67:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, INDIA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, INDIA, 2022 VS 2029
- Figure 69:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, INDONESIA, 2017 - 2029
- Figure 70:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, INDONESIA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, INDONESIA, 2022 VS 2029
- Figure 72:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, JAPAN, 2017 - 2029
- Figure 73:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, JAPAN, 2017 - 2029
- Figure 74:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, JAPAN, 2022 VS 2029
- Figure 75:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, MALAYSIA, 2017 - 2029
- Figure 76:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, MALAYSIA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, MALAYSIA, 2022 VS 2029
- Figure 78:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, NEW ZEALAND, 2017 - 2029
- Figure 79:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, NEW ZEALAND, 2017 - 2029
- Figure 80:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, NEW ZEALAND, 2022 VS 2029
- Figure 81:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, PAKISTAN, 2017 - 2029
- Figure 82:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, PAKISTAN, 2017 - 2029
- Figure 83:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, PAKISTAN, 2022 VS 2029
- Figure 84:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, SOUTH KOREA, 2017 - 2029
- Figure 85:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, SOUTH KOREA, 2017 - 2029
- Figure 86:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, SOUTH KOREA, 2022 VS 2029
- Figure 87:
- VOLUME OF NON-DAIRY MILK MARKET, METRIC TONNES, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 88:
- VALUE OF NON-DAIRY MILK MARKET, USD MN, REST OF ASIA PACIFIC, 2017 - 2029
- Figure 89:
- VALUE SHARE OF NON-DAIRY MILK MARKET, BY CATEGORY , %, REST OF ASIA PACIFIC, 2022 VS 2029
- Figure 90:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 91:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2029
- Figure 92:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Non-Dairy Milk Industry Segmentation
Almond Milk, Cashew Milk, Coconut Milk, Hazelnut Milk, Hemp Milk, Oat Milk, Soy Milk are covered as segments by Product Type. Off-Trade, On-Trade are covered as segments by Distribution Channel. Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Pakistan, South Korea are covered as segments by Country.
- From 2017 to 2022, off-trade retailing dominated the retail space in the Asia-Pacific region. In 2022, off-trade retailing held a share of 93.64%. Consumers in this region are highly fascinated by off-trade retailing due to the greater convenience it offers when purchasing plant-based milk.
- On-trade retailing accounted for a share of 6.36% in Asia-Pacific in 2022. In on-trade channels, such as quick-service restaurants, the prices for plant-based milk are fixed, while consumers have several options in off-trade channels. In the Asia-Pacific region, off-trade channels offer plant-based milk at varied prices, ranging from low to medium and high. For example, oat milk sold by these retailing units is available from INR 255 to as high as INR 764. The availability of plant-based milk at different price points also promotes consumer buying power, as they can choose products that suit their affordability parameters.
- In the Asia-Pacific region, on-trade retailers focus on providing a variety of plant-based milk, including different flavors such as unsweetened, chocolate, vanilla, etc. However, these retailers may not provide complete information about product specifics, such as ingredients used or the type of seeds used. As a result, consumers prefer purchasing their plant-based milk beverages through off-trade modes.
- Over the past three years (2020-2023), specialty stores have experienced significant demand under the off-trade mode, as they offer higher visibility of the products to consumers. Considering the growing demand for plant-based milk, the overall distribution segment in the region is expected to grow by 9.78% in 2025 compared to 2022.
| Product Type | Almond Milk | ||
| Cashew Milk | |||
| Coconut Milk | |||
| Hazelnut Milk | |||
| Hemp Milk | |||
| Oat Milk | |||
| Soy Milk | |||
| Distribution Channel | Off-Trade | By Sub Distribution Channels | Convenience Stores |
| Online Retail | |||
| Specialist Retailers | |||
| Supermarkets and Hypermarkets | |||
| Others (Warehouse clubs, gas stations, etc.) | |||
| Distribution Channel | On-Trade | ||
| Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| New Zealand | |||
| Pakistan | |||
| South Korea | |||
| Rest of Asia Pacific |
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Market Definition
- Dairy Alternatives - Dairy alternatives are foods that are made from plant-based milk/oils instead of their usual animal products, such as cheese, butter, milk, ice cream, yogurt, etc. Plant-based or non-dairy milk alternative is the fast-growing segment in the newer food product development category of functional and specialty beverage across the globe.
- Non-Dairy Butter - Non dairy butter is a vegan butter alternative that is made from a mixture of plant oils. With an increase in alternative diets like vegetarianism, veganism, and gluten intolerance, plant butter is a healthy non-dairy substitute for normal butter.
- Non-Dairy Ice Cream - Plant based ice cream is a growing category. Non-dairy ice cream is a type of dessert made without any animal ingredients. This is typically considered a substitute for regular ice cream for those who cannot or do not eat animal or animal-derived products, including eggs, milk, cream, or honey.
- Plant-Based Milk - Plant based milks are milk substitutes that are made from nuts (e.g., hazelnuts, hemp seeds), seeds (e.g., sesame, walnuts, coconuts, cashews, almonds, rice, oats, etc.) or legumes (e.g., soy). Plant-based milk such as soy milk and almond milk have been popular in East Asia and the Middle East for centuries.
| Keyword | Definition |
|---|---|
| Cultured Butter | Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients. |
| Uncultured Butter | This type of butter is one which has not been processed in any way |
| Natural Cheese | The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk. |
| Processed Cheese | Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings. |
| Single Cream | Single cream contains around 18% fat. It’s a single layer of cream that appears over boiled milk. |
| Double Cream | Double cream contains 48% fat, more than double the amount of fat of single cream. It’s heavier and thicker than single cream |
| Whipping Cream | This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings. |
| Frozen Desserts | Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts |
| UHT Milk (Ultra-high temperature milk) | Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1–8 sec at 135–154°C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months. |
| Non-dairy butter/Plant-based butter | Butter made from plant-derived oil such as coconut, palm, etc. |
| Non-dairy Yogurt | Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas |
| On-trade | It refers to restaurants, QSRs, and bars. |
| Off-trade | It refers to supermarkets, hypermarkets, on-line channels, etc. |
| Neufchatel cheese | One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufchâtel-en-Bray region of Normandy. |
| Flexitarian | It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat. |
| Lactose Intolerance | Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products. |
| Cream Cheese | Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream. |
| Sorbets | Sorbet is a frozen dessert made using ice combined with fruit juice, fruit purée, or other ingredients, such as wine, liqueur, or honey. |
| Sherbet | Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream. |
| Shelf stable | Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely. |
| DSD | Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer. |
| OU Kosher | Orthodox Union Kosher is a kosher certification agency based in New York City. |
| Gelato | Gelato is a frozen creamy dessert made with milk, heavy cream and sugar. |
| Grass-fed Cows | Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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