PUBLISHER: Persistence Market Research | PRODUCT CODE: 1773774
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1773774
Plant-based Milk Powder Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Persistence Market Research has recently released a comprehensive report on the global Plant-based Milk Powder Market, offering a detailed assessment of the market's key growth dynamics, trends, challenges, and future outlook. With the increasing demand for dairy alternatives and rising health consciousness among consumers, the market is witnessing robust growth worldwide. This report provides strategic insights to stakeholders aiming to capitalize on the market's potential.
Key Insights:
- Plant-based Milk Powder Market Size (2025E): US$ 454.3 Mn
- Projected Market Value (2032F): US$ 768.6 Mn
- Global Market Growth Rate (CAGR 2025 to 2032): 7.8%
Plant-based Milk Powder Market - Report Scope:
The plant-based milk powder market includes powdered non-dairy milk products derived from sources such as almonds, soy, and coconut. These products are widely used as dairy alternatives in bakery items, nutritional supplements, and infant formulas. The market is gaining momentum due to a rise in lactose intolerance cases, increasing vegan population, and growing awareness of sustainable and cruelty-free consumption. Almond milk powder stands out as the leading product category, with a projected CAGR of over 6.3% from 2019 to 2024.
Market Growth Drivers:
The plant-based milk powder market is being driven by a confluence of health, environmental, and ethical factors. A growing number of consumers are opting for dairy alternatives due to lactose intolerance and allergies, while many others are influenced by ethical and environmental concerns tied to animal agriculture. The surge in vegan and flexitarian diets globally has increased demand for plant-based food products, including milk powders. Additionally, plant-based milk powders offer longer shelf life and convenience compared to liquid alternatives, making them a preferred choice for manufacturers and consumers alike. Rising investments in food innovation and fortified plant-based beverages further support market expansion.
Market Restraints:
Despite strong growth prospects, the plant-based milk powder market faces certain limitations. One of the primary challenges is the higher cost of production compared to traditional dairy milk, which can restrict affordability and mass-market adoption in developing regions. Additionally, flavor and texture inconsistencies across different plant-based sources can affect consumer acceptance. There are also nutritional concerns, as some plant-based milk powders may lack essential proteins or vitamins unless fortified. Supply chain constraints and raw material availability, especially for niche products like almond or coconut, can impact consistent production and pricing.
Market Opportunities:
The market presents vast opportunities for innovation and expansion. Product diversification-such as fortified powders, organic variants, and blends of multiple plant sources-can cater to specific consumer health needs and preferences. Increasing demand from the foodservice and processed food industries, particularly for use in bakery, confectionery, and infant nutrition, offers new avenues for growth. Expansion into emerging markets, where dairy alternatives are gaining popularity, represents a significant untapped potential. Moreover, rising e-commerce penetration allows companies to reach wider audiences through direct-to-consumer channels, enhancing brand visibility and customer engagement.
Key Questions Answered in the Report:
- What are the main factors propelling growth in the global plant-based milk powder market?
- Which product types and applications are expected to drive the most demand?
- How are consumer lifestyle changes and dietary trends shaping market dynamics?
- Who are the major players in the market and what strategies are they employing?
- What future innovations are anticipated in the plant-based milk powder segment?
Competitive Intelligence and Business Strategy:
Leading players in the plant-based milk powder market, such as Asahi Group Foods, Ltd., NOW Foods, and Urban Platter, are focusing on product innovation, clean-label formulations, and sustainability. These companies are investing in R&D to improve nutritional content, flavor, and solubility of their milk powders. Strategic partnerships with health food retailers and online platforms are being leveraged to increase market penetration. Emphasis on certifications such as organic, non-GMO, and allergen-free labeling also helps brands build consumer trust and differentiate in a competitive landscape.
Companies Covered in This Report:
- Asahi Group Foods, Ltd.
- Bulk Barn Foods Limited
- BMS Organics
- NOW Foods
- Unisoy Foods
- Enfamil
- Urban Platter
- Bio Nutrients (India) Pvt. Ltd.
- Chocolate Alchemy
- Jaffe Bros., Inc.
Segmentation of the Plant-based Milk Powder Market:
By Type:
- Almond Milk Powder
- Soy Milk Powder
- Coconut Milk Powder
- Other Types
By Application:
- Bakery & Confectionary
- Nutritional Food
- Infant Formulas
By Distribution Channel:
- Online Sales
- Supermarkets/Hypermarkets
- Specialized Stores
- Convenience Stores
- Retail Stores
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Plant-based Milk Powder Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Construction Industry Overview
- 2.3.3. Global Mining Industry Overview
- 2.4. Forecast Factors - Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
5. Global Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Plant-based Milk Powder Market Outlook: Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Mn) Analysis by Type, 2019-2024
- 5.2.3. Current Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 5.2.3.1. Almond Milk Powder
- 5.2.3.2. Soy Milk Powder
- 5.2.3.3. Coconut Milk Powder
- 5.2.4. Market Attractiveness Analysis: Type
- 5.3. Global Plant-based Milk Powder Market Outlook: Application
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Mn) Analysis by Application, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 5.3.3.1. Bakery & Confectionary
- 5.3.3.2. Nutritional Food
- 5.3.3.3. Infant Formulas
- 5.3.4. Market Attractiveness Analysis: Application
- 5.4. Global Plant-based Milk Powder Market Outlook: Distribution Channel
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Mn) Analysis by Distribution Channel, 2019-2024
- 5.4.3. Current Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 5.4.3.1. Online Sales
- 5.4.3.2. Supermarkets/Hypermarkets
- 5.4.3.3. Specialized Stores
- 5.4.3.4. Convenience Stores
- 5.4.3.5. Retail Stores
- 5.4.4. Market Attractiveness Analysis: Distribution Channel
6. Global Plant-based Milk Powder Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Mn) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
7. North America Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 7.4.1. Almond Milk Powder
- 7.4.2. Soy Milk Powder
- 7.4.3. Coconut Milk Powder
- 7.5. North America Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 7.5.1. Bakery & Confectionary
- 7.5.2. Nutritional Food
- 7.5.3. Infant Formulas
- 7.6. North America Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 7.6.1. Online Sales
- 7.6.2. Supermarkets/Hypermarkets
- 7.6.3. Specialized Stores
- 7.6.4. Convenience Stores
- 7.6.5. Retail Stores
8. Europe Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 8.4.1. Almond Milk Powder
- 8.4.2. Soy Milk Powder
- 8.4.3. Coconut Milk Powder
- 8.5. Europe Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 8.5.1. Bakery & Confectionary
- 8.5.2. Nutritional Food
- 8.5.3. Infant Formulas
- 8.6. Europe Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 8.6.1. Online Sales
- 8.6.2. Supermarkets/Hypermarkets
- 8.6.3. Specialized Stores
- 8.6.4. Convenience Stores
- 8.6.5. Retail Stores
9. East Asia Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 9.4.1. Almond Milk Powder
- 9.4.2. Soy Milk Powder
- 9.4.3. Coconut Milk Powder
- 9.5. East Asia Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 9.5.1. Bakery & Confectionary
- 9.5.2. Nutritional Food
- 9.5.3. Infant Formulas
- 9.6. East Asia Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 9.6.1. Online Sales
- 9.6.2. Supermarkets/Hypermarkets
- 9.6.3. Specialized Stores
- 9.6.4. Convenience Stores
- 9.6.5. Retail Stores
10. South Asia & Oceania Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 10.4.1. Almond Milk Powder
- 10.4.2. Soy Milk Powder
- 10.4.3. Coconut Milk Powder
- 10.5. South Asia & Oceania Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 10.5.1. Bakery & Confectionary
- 10.5.2. Nutritional Food
- 10.5.3. Infant Formulas
- 10.6. South Asia & Oceania Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 10.6.1. Online Sales
- 10.6.2. Supermarkets/Hypermarkets
- 10.6.3. Specialized Stores
- 10.6.4. Convenience Stores
- 10.6.5. Retail Stores
11. Latin America Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 11.4.1. Almond Milk Powder
- 11.4.2. Soy Milk Powder
- 11.4.3. Coconut Milk Powder
- 11.5. Latin America Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 11.5.1. Bakery & Confectionary
- 11.5.2. Nutritional Food
- 11.5.3. Infant Formulas
- 11.6. Latin America Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 11.6.1. Online Sales
- 11.6.2. Supermarkets/Hypermarkets
- 11.6.3. Specialized Stores
- 11.6.4. Convenience Stores
- 11.6.5. Retail Stores
12. Middle East & Africa Plant-based Milk Powder Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Mn) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Mn) Forecast, by Type, 2025-2032
- 12.4.1. Almond Milk Powder
- 12.4.2. Soy Milk Powder
- 12.4.3. Coconut Milk Powder
- 12.5. Middle East & Africa Market Size (US$ Mn) Forecast, by Application, 2025-2032
- 12.5.1. Bakery & Confectionary
- 12.5.2. Nutritional Food
- 12.5.3. Infant Formulas
- 12.6. Middle East & Africa Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
- 12.6.1. Online Sales
- 12.6.2. Supermarkets/Hypermarkets
- 12.6.3. Specialized Stores
- 12.6.4. Convenience Stores
- 12.6.5. Retail Stores
13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. NOW Foods
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Unisoy Foods
- 13.3.3. Enfamil
- 13.3.4. Asahi Group Foods, Ltd.
- 13.3.5. Urban Platter
- 13.3.6. Bio Nutrients (India) Pvt. Ltd.
- 13.3.7. Chocolate Alchemy
- 13.3.8. Jaffe Bros., Inc.
- 13.3.9. Bulk Barn Foods Limited
- 13.3.10. BMS Organics
- 13.3.1. NOW Foods
14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
