India Plant-based Milk Market Outlook, Growth, Size, Trends and Report 2025-2033
India Plant-Based Milk Market 2025-2033
According to IMARC Group's report titled "India Plant-Based Milk Market Report by Product (Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, and Others), Formulation (Unflavored, Flavored), Category (Organic, Conventional), Form (Liquid, Powder), Distribution Channel (Business-to-Business, Business-to-Consumer), and Region 2025-2033", The report offers a comprehensive analysis of the industry, including India plant-based milk market outlook, share, growth, trends, and regional insights.
How Big is the India Plant-Based Milk Industry ?
The India plant-based milk market size was valued USD 789.8 Million in 2024. By 2033, this figure is projected to reach around USD 1,757.8 Million, with a compound annual growth rate (CAGR) of 8.6% over the forecast period (2025-2033).
India Plant-Based Milk Market Trends:
The growth of India's plant-based milk market is believed to be eased by changing dietary patterns and growing demand for healthy and sustainable alternatives. Almond milk, soy milk, and oat milk are preferred for their healthy and lactose-free attributes. Millennials and Generation Z in urban areas are consuming plant-based diets more with time, as people are becoming more health conscious and transiting towards a more sustainable lifestyle. This is partially due to the population's growing lactose intolerance. In effort to create new and alternative product varieties, brands have introduced flavored and fortified plant-based milk. Coffee shops, restaurants and food services offer plant-based milk.
People use social media and digital marketing for awareness about plant-based milk products. Apart from availability of a variety of products, global investment into the e-commerce market space, local startups entering the market and healthy competition are some of the major drivers for the industry. Alongside the government's implementation of schemes favoring organic farming and clean-label products, the growing consumer inclination for ethical, organic, and sustainable food products is propelling the plant-based milk market in India and is expected to drive growth.
India Plant-Based Milk Market Scope and Growth Analysis:
The plant-based milk industry in India has enormous growth potential. With growing disposable incomes and urban consumers adopting wellness habits, consumption is no longer restricted to the six major cities, but is also expanding into tier-2 and tier-3 cities with better supply chains. In addition, the lower price of soy milk and the premiumization of almond and oat milks, as well as the use of plant-based milk in food and beverage products such as yogurt, ice cream and baked goods are driving increased market penetration.
Investment from domestic and foreign investors has improved production and product quality, and is likely to further increase, due in part to the rise of veganism and flexitarian diets and to demand for more sustainable, healthy food. Other drivers of market growth include strategy collaborations between branded players and retail chains, adoption of better packaging techniques and improved shelf life along with consumer convenience. Increased awareness regarding animal husbandry and sustainability is also expected to drive the growth of the Indian plant-based milk market during the forecast period.
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India Plant-Based Milk Market Forecast Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India plant-based milk market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Product Insights:
Soy Milk
Almond Milk
Coconut Milk
Rice Milk
Oat Milk
Others
Formulation Insights:
Unflavored
Flavored
Category Insights:
Organic
Conventional
Form Insights:
Liquid
Powder
Distribution Channel Insights:
Business-to-Business
Business-to-Consumer
Modern Groceries
Convenience Stores
Specialty Stores
Online Retail Stores
Others
Regional Insights:
North India
South India
East India
West India
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Other key areas covered in the report:
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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