According to the latest report by MarkNtel Advisors, titled “Southeast Asia Plant-Based Dairy Products Market By Type (Milk, Cheese, Yogurt, Others), By Nature (Organic, Conventional), By Material (Almonds, Soybean, Blends, Coconuts, Oats,Rice, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, E-Commerce, Others), By End Use (Bakery & Confectionary, Snacks & Savouries, Ready Meals, HoReCa, Dietary Supplements, Other Food Products), 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 report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 5%
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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.
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-By Type
Based on the type of plant-based dairy product, the milk segment holds a major market share of around 72%.
-By Material
Based on the type of material, oats-based dairy products hold a major market share of around 43%.
-By Nature
-By Sales Channel
-By End Use
-By Country
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.
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