Press Release

A USD 2.5 Billion India Plant-Based Dairy Products Market to Flourish at a CAGR of Around 12% By 2030

The India Plant-Based Dairy Products Market size was valued at around USD 2.5 billion in 2024 and is projected to reach USD 4.9 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 12% during the forecast period 2025-30., cites MarkNtel Advisors in the recent research report. The market's expansion is ascribed to several factors. Demand for plant-based milk, cheese, and yogurt is increasing due to consumer acceptance of vegan substitutes which is mainly driven by health and environmental issues. The market for plant-based dairy products grew very fast because of the uptake of veganism. Because most people around the world lack the enzyme that breaks lactose, high demand for lactose-free products has resulted in a growth in the market. Further, plant-based dairy accounts for high demand due to its various health benefits like low risk of heart disease and cholesterol. This change in consumer behavior is in line with the ethical and environmental concerns related to conventional dairy production and animal welfare awareness making it a significant growth driver for the plant-based dairy products industry.

Moreover, this shift is further supported by governmental and corporate initiatives for sustainability and plant-based diets. The market for plant-based dairy products is experiencing significant growth with excellent sales figures and increased investment, making the sector attractive for commercial success for companies looking for growth options in the food industry's changing dynamics. Furthermore, various innovations are going on in the market for the increment of a wide range of products like; ice creams, cheese, yogurt, milk, and others with improved taste, nutritional profiles, and textures.

Additionally, several challenges may hamper the market growth. Meeting the sensory taste provided by traditional dairy remains one of the major issues for the market. As compared to conventional dairy, plant-based products often have a premium price point. Moreover, some plant-based dairy products lack essential nutrients naturally present in traditional dairy, such as calcium, vitamin D, and protein. Addressing these challenges will be crucial for the market's long-term growth and consumer acceptance, further states the research report “India Plant-Based Dairy Products Market Analysis, 2025.”

India Plant-Based Dairy Products Market Segmentation Analysis

The Milk Segment is the Most Preferred Product Type

Based on product type, the market is further bifurcated into Milk, Cheese, Butter, Yogurt, Creamers, and Others. Out of them, the milk segment dominates the India Plant-Based Dairy Products Market. It holds around 70% share of the total market. This strong growth is attributed to a few factors. Dairy milk substitutes are becoming more popular as a result of growing consumer awareness of environmental and health concerns. Furthermore, the process of developing new products is continuous providing consumers with a diverse array of plant-based milk substitutes that cater to their different dietary requirements and preferences. It contains different similarities compared to traditional milk which assists in making it a high user in cereal, baking, coffee, and cooking. Moreover, the duration of their availability in the market is longer as compared to other products, allowing them to gain traction.

South Region Leads the India Plant-Based Dairy Products Industry

The south region leads the India Plant-Based Dairy Products Market. Approximately, 40% share of the total market is held by South India. The deep-rooted culture of consuming plant-based diets featuring coconut in South India strongly coincides with the acceptance of plant-based dairy substitutes such as coconut milk. Sales in the area are additionally enhanced by a robust retail network and the presence of plant-based dairy options in both specialty shops and supermarkets. Numerous cities in the South possess a strong awareness of the health advantages associated with plant-based diets. This adds to the increasing market demand in the area. In South India, shoppers in urban areas such as; Bengaluru and Chennai are becoming increasingly health-aware and opting for lactose-free soy and almond milk as healthier alternatives.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Danone S.A., Nestle S.A., ProSoya Foods, Raw Pressery, The Hershey Company, Urban Platter, Bio Nutrients (India) Pvt. Ltd., Hindustan Unilever Limited, Califia Farms, GoodMylk, Pacific Foods, Sofit, Epigamia, ALT Foods, 1.5 Degree, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report                                  

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?