Revenue growth of milk substitutes in the U.S. 2020-2029

Published by
Nils-Gerrit Wunsch,
May 6, 2024
The revenue change in the 'Milk Substitutes' segment of the food market in the United States was forecast to decrease between 2024 and 2029 by in total 107.2 percentage points. This overall decrease does not happen continuously, notably not in 2026 and 2027. The indicator is estimated to amount to -100 percent in 2029.

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Revenue growth of the milk substitutes market in the United States from 2020 to 2029

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Release date

April 2024

Region

United States

Survey time period

2020 to 2029

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Milk substitutes refer to any type of milk not derived from animals. The Milk Substitutes segment covers all types of plant-based milk such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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Topics

Plant-based milk in the U.S.Milk marketMeat substitutes market in the U.S.Veganism and vegetarianism in the UKPlant-based food in Australia
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