Beverages
Plant-based Milk Powder Market

Plant-based Milk Powder Market Size, Share, Trends, Growth, and Forecasts 2025 - 2032

Q: What was the global market size of plant-based milk powder in 2025?

The market was valued at US$ 454.3 million in 2025.

Q: What is the projected market size by 2032?

It is expected to reach US$ 768.6 million by the end of 2032.

Q: What is the expected CAGR of the market from 2025 to 2032?

The market is projected to grow at a CAGR of 7.8% .

Q: Which type of plant-based milk powder is projected to generate the highest revenue?

Almond milk powder is expected to lead, growing at over 6.3% CAGR from 20199 to 2024.

Q: Which companies are prominent in the plant-based milk powder market?

Key players include Asahi Group Foods, Bulk Barn, NOW Foods, Urban Platter, Enfamil , and Unisoy Foods .

Plant-based Milk Powder Market by Type (Almond Milk Powder, Soy Milk Powder), by Application (Bakery & Confectionery), by Distribution Channel (Online Sales), and Regional Analysis

ID: PMRREP33390

June 2025

250 Pages

Author : Amol Patil

Food and Beverages

Global Plant-based Milk Powder Market Share and Trends Analysis

Newly-released Plant-based Milk Powder Market analysis report by Persistence Market Research reveals that global sales of the Plant-based Milk Powder Market in 2025 were held at US$ 454.3 million. With a projected CAGR of 7.8% from 2025 to 2032, the market is expected to reach a valuation of US$ 768.6 million by the end of the forecast period. Almond Milk Powder is expected to be the highest revenue-generating type in the market, projected to grow at a CAGR of over 6.3% from 2019 to 2024.

Attributes	Details
Global Plant-based Milk Powder Market Size (2025)	US$ 454.3 million
Global Plant-based Milk Powder Market Size at End of Forecast (2032)	US$ 768.6 million
Global Plant-based Milk Powder Market CAGR (2025 to 2032)	7.8%
Historical Market Growth (CAGR 2019 to 2024)	6.3%
Key Companies Covered	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.

Revenue of Plant-based Milk Powder Market from 2019 to 2024 Compared to Demand Outlook for 2025 to 2032

As per the research of the Plant-based Milk powder Market by Persistence Market Research- a market research and competitive intelligence provider, historically, from 2019 to 2024, the market increased at around 6.2% CAGR. With an absolute dollar opportunity of US$ 768.6 million, the market is projected to reach a valuation of US$ 768.6 million by 2032.

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What are the Key Drivers Influencing Market Expansion?

According to a report by the World Allergy Organization, in 2020, globally around 2-3% of infants and young children suffered from milk allergies. Milk allergy is one of the most common food allergies in children, affecting up to 10% of children under the age of one. Plant-based milk powder is used for the growth and development of infants, and this is a rich source of protein, fat, carbohydrates, vitamins, and minerals.

Due to increasing incidences of milk allergies, many peoples use alternatives of traditional dairy products, therefore it is expected that the market will rise in upcoming years.

According to a report by the Good Food Institute, in 2019, the total sales of plant-based milk products were around US$ 2 billion in the United States. This was increased from last year and in 2020 the plant-based milk products sales reached up to US$ 2.5 billion. In the plant-based milk economy, the demand for plant-based milk powder has been growing at a significant pace owing to the concern of vegan consumers for its contamination.

Region-Wise Analysis:

Which Region is Projected to Offer Significant growth in the Market?

North America is a prominent market for Plant-based Milk Powder with a market size of US$ 104 million in 2023 and is estimated to reach US$ 112 million in 2024. It is projected that the region will have a market worth US$ 233 million by 2032.

The demand for plant-based milk products has been steadily increasing in Canada over the past few years. In 2019, sales of plant-based milk products in Canada increased by 6.3%, while sales of dairy milk products declined by 1.3%.

In 2020, the sales of infant formula and baby food in Canada were held at around US$ 1.6 billion. People are unable to consume traditional dairy products due to lactose intolerance or milk allergies. Plant-based milk powders provide a viable alternative for these individuals, which influences the market growth.

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Country-Wise Analysis:

United States Plant-based Milk Powder Market Analysis:

The market in the United States is expected to grow to be worth US$ 201.3 million by 2032, with an absolute dollar growth of US$ 102.6 million from 2025 to 2032. The market in the United States has grown at a CAGR of 5.9% from 2019 to 2024 and is expected to grow at a CAGR of 7.4% from 2025 to 2032.

The United States is a leading producer of almonds. Blue Diamond Growers, a California-based almond producer, and the leading almond milk manufacturer company had sales of around US$ 618 million in 2022. The total sales of almond milk in 2022 were around US$ 2.5 billion in the United States. This is also reflected in the market growth of almond milk-based powder.

Germany Plant-based Milk Powder Market Analysis:

In Germany, the market is expected to grow to be worth US$ 30.6 million with an absolute dollar growth of US$ 14.6 million. The market in the country grew at a CAGR of 5.1% from 2019 to 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2032.

According to a report, in 2017, the sales of plant-based milk products in Germany were around US$ 319 million, which increased in 2019 to reach a valuation of US$ 410 million. Almond milk is the second most popular type of plant-based milk in Germany, after soymilk.

China Plant-based Milk Powder Market Analysis:

In China, the market is expected to grow to be worth US$ 104.1 million with an absolute dollar growth of US$ 51.1 million. The market in China has grown at a CAGR of 5.5% from 2019 to 2024 and is expected to grow at a CAGR of 7% from 2025 to 2032.

In 2019, Perfect Day, a United States-based company that produces animal-free dairy products, made one biggest investments in China’s plant-based milk market. Perfect Day received US$ 140 million in funding from a group of investors, including the Chinese firm, Horizon Ventures. Plant-based milk powders are a great alternative for people who are lactose intolerant, have a milk allergy, or choose to avoid dairy products for ethical or health reasons.

India Plant-based Milk Powder Market Analysis:

The market in India is expected to grow to be worth US$ 85.1 million by 2032, with an absolute dollar growth of US$ 38.1 million. The market in India has grown at a CAGR of 4.6% from 2010 to 2024 and is expected to grow at a CAGR of 6.1% from 2025 to 2032.

According to research, in 2019, the plant-based milk market in India was around US$ 10.3 million and in 2020, the market was above US$ 20.5 million and it is expected to grow at a CAGR of 13.5% during the forecast period. The market in India is growing at a rapid pace, owing to the growth factors such as increasing health consciousness among consumers and the availability of a variety of plant-based milk alternatives. This growing need for plant-based milk, powder, and other products is expected to influence the growth of the plant-based milk market in the forthcoming years.

United Kingdom Plant-based Milk Powder Market Analysis:

The market in the United Kingdom is expected to grow to be worth US$ 52 million by 2032, with an absolute dollar growth of US$ 22.4 million. The market in the country has grown at a CAGR of 4.1% from 2019 to 2024 and is expected to grow at a CAGR of 5.8% from 2025 to 2032.

According to research, in 2019, United Kingdom-based start-up Yumello secured an investment of around US$ 674,470 to expand its range of almond-based products, including almond milk and powder. Similarly, United Kingdom-based Company Rebel Kitchen secured US$ 7 million in funding to expand its range of plant-based milk products, including coconut milk. The plant-based milk powder has grown in the coming years, because of the growing population, rising disposable incomes, and an increasing preference for premium baby formula products.

Category-Wise Insights

Which Type of Plant-based Milk Powder Market is Projected to Witness Significant Growth?

The market for almond milk powder is the type projected to witness significant growth with a CAGR of 6% from 2019 to 2024 and is expected to grow at a CAGR of 7.4% from 2025 to 2032.

Almond milk powder is a type of plant-based milk powder made from ground almonds that have been blanched and processed with water to create a smooth, creamy liquid, which is then dehydrated to form a powder.

The increasing demand for almond milk powder is driven by several factors, including the rising number of people with lactose intolerance, dairy allergies, and other dietary restrictions, as well as the growing popularity of plant-based diets and lifestyles. Almond Milk Powder has a nutty flavor, low-calorie count, and high nutritional content, including being a good source of vitamin E.

Competitive Analysis:

Key players in the market are Asahi Group Foods, Ltd., Bulk Barn Foods Limited, BMS Organics, NOW Foods, Unisoy Foods, Enfamil, Urban Platter, Bio Nutrients (India) Pvt. Ltd., Chocolate Alchemy, and Jaffe Bros. Inc.

A few of the recent developments in the plant-based milk powder market are:

In September 2020, BMS Organics announced the launch of a new range of plant-based milk powders, including almond, oat, and soy milk powders. The products are marketed as convenient and environmentally friendly alternatives to liquid plant-based milk and are made with organic ingredients.
In November 2020, BMS Organics announced that it had partnered with Nestle Malaysia to launch a new line of plant-based products, including milk powder, under the Nestle brand. The products are made with ingredients such as almonds, oats, and soybeans, and are marketed as healthy and sustainable alternatives to traditional dairy products.

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

Companies Covered in Plant-based Milk Powder Market

NOW Foods
Unisoy Foods
Enfamil
Asahi Group Foods, Ltd.
Urban Platter
Bio Nutrients (India) Pvt. Ltd.
Chocolate Alchemy
Jaffe Bros., Inc.
Bulk Barn Foods Limited
BMS Organics

Frequently Asked Questions

The market was valued at US$ 454.3 million in 2025.

It is expected to reach US$ 768.6 million by the end of 2032.

The market is projected to grow at a CAGR of 7.8%.

Almond milk powder is expected to lead, growing at over 6.3% CAGR from 20199 to 2024.

Key players include Asahi Group Foods, Bulk Barn, NOW Foods, Urban Platter, Enfamil, and Unisoy Foods.

Top-Down Market Sizing	Bottom-Up Market Sizing
Universe Definition: Total global/regional market identification	Unit Economics: Average transaction values, purchase frequencies, customer lifecycle
Segmentation Filters: Geographic, demographic, and behavioral constraints	Customer Segmentation: Detailed buyer persona development and sizing
Market Share Analysis: Competitive landscape assessment and share allocation	Penetration Analysis: Market penetration rates by segment and geography
Growth Rate Application: Historical trends and forward-looking growth assumptions	Scaling Methodology: Extrapolation techniques with confidence intervals

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Executive Summary
1. Global Plant-based Milk Powder Market Snapshot 2025 and 2032
2. Market Opportunity Assessment, 2025-2032, US$ Mn
3. Key Market Trends
4. Industry Developments and Key Market Events
5. Demand Side and Supply Side Analysis
6. PMR Analysis and Recommendations
Market Overview
1. Market Scope and Definitions
2. Value Chain Analysis
3. Macro-Economic Factors
  1. Global GDP Outlook
  2. Global Construction Industry Overview
  3. Global Mining Industry Overview
4. Forecast Factors – Relevance and Impact
5. COVID-19 Impact Assessment
6. PESTLE Analysis
7. Porter's Five Forces Analysis
8. Geopolitical Tensions: Market Impact
9. Regulatory and Technology Landscape
Market Dynamics
1. Drivers
2. Restraints
3. Opportunities
4. Trends
Price Trend Analysis, 2019 – 2032
1. Region-wise Price Analysis
2. Price by Segments
3. Price Impact Factors
Global Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Global Plant-based Milk Powder Market Outlook: Type
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Mn) Analysis by Type, 2019-2024
  3. Current Market Size (US$ Mn) Forecast, by Type, 2025-2032
    1. Almond Milk Powder
    2. Soy Milk Powder
    3. Coconut Milk Powder
  4. Market Attractiveness Analysis: Type
3. Global Plant-based Milk Powder Market Outlook: Application
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Mn) Analysis by Application, 2019-2024
  3. Current Market Size (US$ Mn) Forecast, by Application, 2025-2032
    1. Bakery & Confectionary
    2. Nutritional Food
    3. Infant Formulas
  4. Market Attractiveness Analysis: Application
4. Global Plant-based Milk Powder Market Outlook: Distribution Channel
  1. Introduction/Key Findings
  2. Historical Market Size (US$ Mn) Analysis by Distribution Channel, 2019-2024
  3. Current Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
    1. Online Sales
    2. Supermarkets/Hypermarkets
    3. Specialized Stores
    4. Convenience Stores
    5. Retail Stores
  4. Market Attractiveness Analysis: Distribution Channel
Global Plant-based Milk Powder Market Outlook: Region
1. Key Highlights
2. Historical Market Size (US$ Mn) Analysis by Region, 2019-2024
3. Current Market Size (US$ Mn) Forecast, by Region, 2025-2032
  1. North America
  2. Europe
  3. East Asia
  4. South Asia & Oceania
  5. Latin America
  6. Middle East & Africa
4. Market Attractiveness Analysis: Region
North America Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. North America Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. U.S.
  2. Canada
4. North America Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. North America Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. North America Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
Europe Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. Europe Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. Germany
  2. Italy
  3. France
  4. U.K.
  5. Spain
  6. Russia
  7. Rest of Europe
4. Europe Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. Europe Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. Europe Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
East Asia Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. East Asia Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. China
  2. Japan
  3. South Korea
4. East Asia Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. East Asia Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. East Asia Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
South Asia & Oceania Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. South Asia & Oceania Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. India
  2. Southeast Asia
  3. ANZ
  4. Rest of SAO
4. South Asia & Oceania Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. South Asia & Oceania Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. South Asia & Oceania Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
Latin America Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. Latin America Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. Brazil
  2. Mexico
  3. Rest of LATAM
4. Latin America Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. Latin America Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. Latin America Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
Middle East & Africa Plant-based Milk Powder Market Outlook: Historical (2019 – 2024) and Forecast (2025 – 2032)
1. Key Highlights
2. Pricing Analysis
3. Middle East & Africa Market Size (US$ Mn) Forecast, by Country, 2025-2032
  1. GCC Countries
  2. South Africa
  3. Northern Africa
  4. Rest of MEA
4. Middle East & Africa Market Size (US$ Mn) Forecast, by Type, 2025-2032
  1. Almond Milk Powder
  2. Soy Milk Powder
  3. Coconut Milk Powder
5. Middle East & Africa Market Size (US$ Mn) Forecast, by Application, 2025-2032
  1. Bakery & Confectionary
  2. Nutritional Food
  3. Infant Formulas
6. Middle East & Africa Market Size (US$ Mn) Forecast, by Distribution Channel, 2025-2032
  1. Online Sales
  2. Supermarkets/Hypermarkets
  3. Specialized Stores
  4. Convenience Stores
  5. Retail Stores
Competition Landscape
1. Market Share Analysis, 2024
2. Market Structure
  1. Competition Intensity Mapping
  2. Competition Dashboard
3. Company Profiles
  1. NOW Foods
    1. Company Overview
    2. Product Portfolio/Offerings
    3. Key Financials
    4. SWOT Analysis
    5. Company Strategy and Key Developments
  2. Unisoy Foods
  3. Enfamil
  4. Asahi Group Foods, Ltd.
  5. Urban Platter
  6. Bio Nutrients (India) Pvt. Ltd.
  7. Chocolate Alchemy
  8. Jaffe Bros., Inc.
  9. Bulk Barn Foods Limited
  10. BMS Organics
Appendix
1. Research Methodology
2. Research Assumptions
3. Acronyms and Abbreviations

Plant-based Milk Powder Market Size, Share, Trends, Growth, and Forecasts 2025 - 2032

Plant-based Milk Powder Market by Type (Almond Milk Powder, Soy Milk Powder), by Application (Bakery & Confectionery), by Distribution Channel (Online Sales), and Regional Analysis

Global Plant-based Milk Powder Market Share and Trends Analysis

Revenue of Plant-based Milk Powder Market from 2019 to 2024 Compared to Demand Outlook for 2025 to 2032