Press Release

Asia Pacific Dairy Alternatives Market to Grow with a CAGR of 8.32% through 2030

The Asia Pacific dairy alternatives market is growing rapidly, driven by rising lactose intolerance, increasing vegan population, health awareness, and expanding product variety across soy, almond, and oat-based beverages and foods

 

According to TechSci Research report, “Asia Pacific Dairy Alternatives Market – By Country, Competition, Forecast & Opportunities, 2030F”, the Asia Pacific Dairy Alternatives Market was valued at 10.84 billion in 2024 and is expected to reach USD 17.45 billion by 2030 with a CAGR of 8.32% during the forecast period. The Asia Pacific dairy alternatives market has experienced rapid growth in recent years, driven by a combination of evolving consumer preferences, increasing health awareness, and rising environmental concerns. Traditionally, dairy products have been a staple in the region’s diet, but a shift is underway as more consumers opt for plant-based alternatives. The region is witnessing a surge in demand for dairy substitutes such as soy, almond, oat, and coconut milk, as well as plant-based yogurt, cheese, and ice cream. This transformation in consumer behavior is reshaping the landscape of the dairy alternatives industry in Asia Pacific.

Health and wellness have become key drivers of change in the Asia Pacific dairy alternatives market. As concerns over the health risks associated with excessive dairy consumption, including lactose intolerance, obesity, and heart disease, rise among consumers, many are turning to plant-based alternatives. Lactose intolerance is particularly prevalent in Asia, with estimates suggesting that over 90% of the population in some East and Southeast Asian countries is affected. This has led to a greater demand for non-dairy milk options that are easier to digest and offer similar nutritional benefits. Plant-based beverages such as soy milk have long been a popular choice, particularly in East Asia, and are now being joined by alternatives like oat, almond, and coconut milk, which are being embraced for their nutritional value and lower calorie content.

The health-conscious trend is also aligned with growing concerns about weight management and fitness. Many dairy alternatives are marketed as low-fat, lower-calorie, or sugar-free options that fit well into modern, health-focused lifestyles. These products often offer additional benefits, such as being fortified with essential nutrients like calcium, vitamin D, and B12, which are critical for those who do not consume traditional dairy. As more consumers opt for plant-based alternatives to reduce their intake of animal products, the dairy alternatives market is gaining momentum in urban centers and among younger, more affluent populations.

Ethical concerns regarding animal welfare and the environmental impact of dairy farming are also contributing to the growth of dairy alternatives in Asia Pacific. As awareness grows about the environmental footprint of animal agriculture—particularly its contributions to greenhouse gas emissions, deforestation, and water scarcity—many consumers are shifting toward plant-based diets as a more sustainable choice. The dairy industry, with its intensive resource usage, is increasingly under scrutiny for its contribution to climate change. In response, plant-based dairy alternatives offer a more sustainable option with a lower environmental impact. For example, oat milk and almond milk require fewer resources and have a smaller carbon footprint compared to cow's milk.

In addition to e-commerce, traditional retail channels like supermarkets and hypermarkets are crucial in making dairy alternatives widely accessible. These retailers are expanding their range of plant-based products, often dedicating entire sections to non-dairy alternatives to meet growing demand. With increasing disposable income and urbanization, consumers in Asia Pacific are willing to explore new products, and retail outlets are responding by stocking more dairy alternatives. Hypermarkets and supermarkets also provide the opportunity for large-scale distribution, making it easier for consumers to purchase plant-based products at competitive prices.

 

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The Asia Pacific Dairy Alternatives market is segmented into type, source, sales channel and country.

Based on the sales channel, the online segment is the fastest growing channel in the Asia Pacific dairy alternatives market, driven by increasing internet penetration, changing consumer shopping habits, and the convenience of home delivery. E-commerce platforms provide consumers with easy access to a wide variety of plant-based dairy products, including niche and premium brands. The growth of online grocery stores and health-focused marketplaces, combined with digital marketing and social media influence, has significantly expanded the market reach. This channel allows brands to connect with health-conscious, urban consumers who prioritize convenience, variety, and the ability to easily compare products.

Based on country, ​India is the fastest-growing country in the Asia Pacific dairy alternatives market, driven by increasing awareness of health, lactose intolerance, and rising vegan and plant-based diets. Consumers in urban areas, particularly younger generations, are increasingly opting for plant-based milk alternatives such as soy, almond, and oat milk, as well as plant-based yogurts and cheeses. The growing middle class, increasing disposable income, and rising concerns over sustainability and animal welfare further fuel this trend. Retail expansion, both online and offline, coupled with product innovation catering to local tastes, is accelerating the growth of dairy alternatives in India.

 

Major companies operating in the Asia Pacific Dairy Alternatives Market are:

  • Blue Diamond Growers
  • Campbell Soup Company
  • Coconut Palm Group Co. Ltd
  • Danone SA
  • Hebei Yangyuan Zhihui Beverage Co. Ltd
  • Kikkoman Corporation
  • Nestlé SA
  • Oatly Group AB
  • Sanitarium Health and Wellbeing Company
  • The Hershey Company

 

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“Innovation plays a crucial role in the expansion of the Asia Pacific dairy alternatives market. As the demand for plant-based products grows, manufacturers are diversifying their offerings and improving the quality of their dairy alternatives. While soy milk has traditionally dominated the market, consumers are now seeking a wider range of options, driven by taste preferences, dietary restrictions, and a desire for variety. Oat milk, in particular, has gained significant popularity due to its creamy texture and versatility, especially as a milk substitute in coffee. Almond and coconut milks are also growing in demand due to their unique flavors and nutritional profiles. Beyond beverages, the dairy alternatives market is expanding into a variety of product categories. Non-dairy yogurts, cheeses, ice creams, and even plant-based butter and cream are becoming increasingly popular. Manufacturers are working on improving the taste, texture, and nutritional value of these products, striving to replicate the sensory experience of traditional dairy while offering healthier, more sustainable alternatives, “Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Asia Pacific Dairy Alternatives Market, By Type (Milk, Butter, Yogurt, Cheese, Others), By Source (Soy, Coconut, Almond, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Asia Pacific Dairy Alternatives Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Asia Pacific Dairy Alternatives Market.

 

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Asia Pacific Dairy Alternatives Market, By Type (Milk, Butter, Yogurt, Cheese, Others), By Source (Soy, Coconut, Almond, Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F

Consumer Goods and Retail | Apr, 2025

The Asia Pacific dairy alternatives market is growing rapidly, driven by rising lactose intolerance, increasing vegan population, health awareness, and expanding product variety across soy, almond, and oat-based beverages and foods

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