Press Release

Southeast Asia Plant-Based Dairy Products Market to Grow at a CAGR of Around 5% During 2025-30

The Southeast Asia Plant-Based Dairy Products Market size was valued at around USD 3 billion in 2024 and is projected to reach USD 4.1 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in their recent research report. The main reason behind this growth is the presence of various types of products in this region's retail channel that have reasonable prices and have a high resemblance with traditional dairy products in terms of taste and appearance.

Moreover, the number of people with heart-related problems and lactose intolerance is continuously increasing in Southeast Asia. These people are advised not to consume food or drinks containing high levels of fats, cholesterol, and lactose which are mainly milk and other dairy products. Plant-based dairy products are the best alternatives for such populations as they do not contain lactose and fat and are rich in essential nutrients such as calcium and vitamins. Additionally, the number of cows used in dairies is also decreasing in Southeast Asia. As a result, the supply of raw milk also decreases thus increasing the price for various dairy products. This factor further fuels the demand for plant-based dairy products as they can offer similar benefits while being cost-efficient.

Furthermore, the focus of a high proportion of this region’s population is increasing towards maintaining proper health. This increases the demand for dairy products made up of plants as they are highly rich in various nutrients and do not have side effects that are common in traditional dairy items. Also, such products are added with extra nutrients such as calcium and vitamins like B12 and so on, which makes them even more popular among health-focused buyers. Therefore, the health advantages provided by plant-based dairy without the side effects of traditional dairy have attracted a wide consumer base in past years, which is further fueled by the availability of a wide range of products from national and international brands, and this trend is expected to continue in the future as well, further states the research report, “Southeast Asia Plant-Based Dairy Products Market Analysis, 2025.”

Southeast Asia Plant-Based Dairy Products Market Segmentation Analysis

Milk is the Highly Consumed Product Type

Based on the type of product, the market is further bifurcated into milk, cheese, yogurt, and others. Here, the milk segment dominates the market with a market share of around 72%. There are two main reasons behind this dominance. The first one is the increasing focus on maintaining good health. This increases the demand for milk alternatives that can provide the same benefits but without the unhealthy elements that are associated with traditional dairy products such as lactose, fats, etc.

The second reason is the wide availability of coconut and soybean in this region which helps in producing plant-based milk locally at low prices. As a result, such products and accessible and affordable to a wide consumer base. Therefore, the health benefits offered by plant-based milk at low prices have made them the leading segment.

Indonesia Generates Maximum Revenue for the Regional Plant-Based Dairy Products Industry

Regionally, Indonesia is the most prominent consumer of plant-based dairy products with a market share of around 47%. This dominance is primarily due to the high proportion of health and environment-conscious population in Indonesia as more than 66% of the population faces lactose intolerance problems. Additionally, deaths due to cardiovascular diseases have increased by around 126% over the past three decades. As a result, there have been high sales of plant-based products in Indonesia in past years making it the leading country. This high sale is fueled by a large population proportion with high disposable incomes. Therefore, all these factors have inclined the Indonesian people to invest in plant-based dairy alternatives to improve their health.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Alpro, Oatly Group, Vinamilk, Valsoia, Sysco Simply, Plantstrong, SunOpta, Pacific Foods, Tetra Pak, Ripple Foods, Yofiit, Hain Celestial, 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 region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the countries?
6. How have buying behavior, customer inclination, and expectations from products 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?