Southeast Asia Plant-Based Dairy Products Market Research Report: Forecast (2025-2030)

Market Definition

Plant-based dairy products are alternatives to traditional dairy items like cheese, yogurt, milk, etc., and have high demand among consumers facing lactose intolerance, heart diseases, or problems due to fats and cholesterols.

Market Insights & Analysis: Southeast Asia Plant-Based Dairy Products Market (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. The main reason behind this growth is the availability of numerous products in the market with superior taste and competitive prices, that have attracted a wide customer base. For instance, as per a survey, around 38% of people choose plant-based milk over natural one.

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Moreover, the cases of lactose intolerance and cardiac diseases are continuously increasing in this region. About 90% of this region’s population suffers from lactose indigestion. Additionally, cardiac diseases are responsible for about 3.9 million deaths every year in this region as per the WHO. All such people are suggested by doctors not to consume dairy products as they contain high quantities of lactose, cholesterol, and fats. In that case, plant-based products are the best alternatives as they lack lactose and have very low fat and cholesterol quantities. Hence, due to the rise in cases of various diseases, the market is expected to experience high growth.

Furthermore, the number of milk cows is also less in Southeast Asian countries. As a result, the natural raw milk produced is not sufficient to meet the demand for milk in those countries. For instance, the milk produced in Thailand locally stands at around 2,700 tons per day but around 3,100 tons of raw milk is required every day to meet the local consumption needs. Hence, to meet the need for milk, the demand for plant-based products such as milk increases in this region. Therefore, high production and consumption of plant-based dairy products have been noted in past years due to lower production of raw milk and increasing dairy-related health issues, and this trend is expected to continue in the forecast period as well thus showing a growing environment for the market.

Southeast Asia Plant-Based Dairy Products Market Driver:

Increasing Health Considerations – The focus of many consumers in this region is growing on their health, inclining them towards food that provides nutritional benefits without the problems that are associated with traditional dairy products. Plant-based dairy items are believed to be healthier options, often containing lower amounts of lactose and fat. Moreover, the additional nutrients which include calcium and numerous vitamins, have made them an even more attractive choice for health-focused customers. This has inclined various companies to increase the production of plant-based products. For instance, Kaslink, a food company in Finland collaborated with Tetra Pak to launch their plant-based dairy products in the market and also announced the launch of more such products to align with this growing trend. 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, mainly the young generations and adults, and this trend is expected to continue in the future as well.

Southeast Asia Plant-Based Dairy Products Market Opportunity:

Increasing Number of Consumers Prioritizing Environmentally-Sustainable Purchases – The focus of people toward environmental sustainability is continuously increasing in this region. For instance, as per a survey of 2024, around 90% of customers choose sustainable features as an essential one while purchasing food and beverages. As a result, the demand for plant-based products will increase in the coming years as they are highly environment-friendly products. For instance, one glass of cow milk means around 0.63 Kg of emission of greenhouse gases and around 125.6 liters of water. However, a similar quantity of plant-based Soy milk releases only around 0.2 Kg of greenhouse gases into the environment and uses only 5.6 liters of water. Therefore, the increasing focus of consumers towards environmentally sustainable solutions will provide a good growth opportunity for the market in this region which could be achieved by promoting nature-friendly benefits of plant-based dairy products.

Southeast Asia Plant-Based Dairy Products Market Challenge:

Resembling the Taste & Texture of Traditional Products – The manufacturing of plant-based dairy alternatives with taste and texture similar to traditional products is still a challenge for the manufacturers, mainly in cheese and yogurt. This is because various plant-based ingredients used in these products have a taste of soil, roots, or beans that are transferred to dairy alternatives. This increases the demand for adding flavors to those products which increases the cost of production. This also affects the buying behavior of customers who are health conscious and make purchases as per ingredients.

Additionally, some ingredients like peanuts not only have a strong taste but are also highly viscous which makes it difficult for manufacturers to resemble the texture in plant-based alternatives as of traditional ones. Therefore, due to difficulty in resembling products with appropriate taste and texture, customers are less inclined towards them, mainly cheese and yogurt, thus presenting a challenge for the overall growth of the market.

Southeast Asia Plant-Based Dairy Products Market Trend:

Sugar-Free Plant-Based Beverages Gaining Traction – The drinks made up of plant-based milk that have low or no sugar in them have gained high popularity in recent years. This can be observed by the high availability of such products in the market and their rapidly increasing sales. For instance, as per a survey of 2023, in Singapore, around 65% of the purchases are made of products having zero or low sugar and sucrose content. Similar trends have been noted in other countries as well. This is mainly due to the increasing focus on health and the rising number of health issues such as diabetes and cardiac diseases. Therefore, health problems have inclined people towards sugar-free items, and this trend is expected to remain in the forecast period as well due to the increasing number of such health issues, and an increasing number of people purchasing products to combat such health issues.

Southeast Asia Plant-Based Dairy Products Market (2025-30): Segmentation Analysis

The Southeast Asia Plant-Based Dairy Products Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the regional level. Based on the analysis, the market has been further classified as:

Based on Type:

• Milk
• Cheese
• Yogurt
• Others

Based on the type of plant-based dairy product, the milk segment holds a major market share of around 72%. This is because plant-based milk has recorded the highest sales in past years mainly because the focus of many people is continuously increasing towards their health, thus increasing the demand for foods that offer health benefits without the limitations associated with traditional dairy products, such as lactose, fat, cholesterol, etc. Plant-based milk is assumed to be a healthier alternative as it contains low calories and fat and provides essential vitamins and minerals. Additionally, the availability of milk in various flavors has further attracted more consumers.

Moreover, coconut and soybean are widely available 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, plant-based milk has been the most used product and this dominance is expected to continue in the future as well.

Based on Material:

• Almonds
• Soybean
• Blends
• Coconuts
• Oats
• Rice
• Others

Based on the type of material, oats-based dairy products hold a major market share of around 43%. Oat milk, especially, is gaining significant traction among consumers seeking sustainable and tasty alternatives to traditional dairy-based beverages because oat-based products have a perfect taste and appearance that is similar to natural dairy products. Additionally, each product is free from sugars and features specific health and wellness claims.

Moreover, oat-based products are cheaper as compared to other alternatives which further attracts more consumers. This is because of the lower taxes on plant-based ingredients. For instance, as of January 2025, oat-based milk costs around USD 9.67 whereas soy-based milk costs around USD 35. Therefore, due to the affordable prices and suitable taste and texture, oat-based dairy products are highly popular in Southeast Asia, and this trend is expected to continue in the forecast period as well.

Southeast Asia Plant-Based Dairy Products Market (2025-30): Regional Projections

Geographically, the Southeast Asia Plant-Based Dairy Products Market expands across:

• Singapore
• Malaysia
• Indonesia
• Thailand
• Philippines
• Vietnam
• Rest of Southeast Asia

Regionally, Indonesia leads the market with a share of around 47%. This is because of the highest population and GDP of Indonesia as compared to other countries of this region. These factors incline people towards spending on plant-based dairy products that are assumed to be healthier and environment-friendly.

Moreover, a large proportion of this country’s population faces health issues that can be normalized by using such products. Around 66% of the adults face lactose intolerance problems. Additionally, the number of deaths due to various heart diseases has 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 market leader. Therefore, due to various health problems, people have been inclined towards plant-based dairy alternatives, which is further fueled by the high income of people in this country.

Southeast Asia Plant-Based Dairy Products Industry Recent Development:

• 2024: Alpro introduces six new products in its chilled portfolio including Plant Protein Chocolate and Mixed Berries Variants. These products are introduced to meet the consumers’ strong desire for added protein in food and drinks.

Gain a Competitive Edge with Our Southeast Asia Plant-Based Dairy Products Market Report

1. Southeast Asia Plant-Based Dairy Products Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The Southeast Asia Plant-Based Dairy Products Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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