Market Size of australia non-dairy milk Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 366.2 Million |
|
|
Market Size (2029) | USD 580.4 Million |
|
Largest Share by Distribution Channel | Off-Trade |
|
|
CAGR (2024 - 2029) | 9.65 % |
|
|
Fastest Growing by Distribution Channel | Off-Trade |
|
|
Market Concentration | Medium |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Australia Non-Dairy Milk Market Analysis
The Australia Non-Dairy Milk Market size is estimated at 366.2 million USD in 2024, and is expected to reach 580.4 million USD by 2029, growing at a CAGR of 9.65% during the forecast period (2024-2029).
366.2 Million
Market Size in 2024 (USD)
580.4 Million
Market Size in 2029 (USD)
4.89 %
CAGR (2017-2023)
9.65 %
CAGR (2024-2029)
Largest Market by Product Type
46.67 %
value share, Soy Milk, 2023
The changing societal attitudes towards animal welfare and the environment among consumers is increasing the emphasis on soy milk as a go-to ingredient replacing animal-derived milk.
Largest Market by Distribution Channel
85.50 %
value share, Off-Trade, 2023
The growth of segment in the country is largely driven with the existence of an inviting place for customers to shop, as they are constantly drawn to make large purchases.
Fastest-growing Market by Product Type
13.02 %
Projected CAGR, Coconut Milk, 2024-2029
Owing to its health benefits and usage as an ingredient in a variety of processed food products such as cookies, cakes, and ice cream, coconut milk is gaining momentum.
Fastest-growing Market by Distribution Channel
10 %
Projected CAGR, Off-Trade, 2024-2029
The rising preference to buy essential groceries online during the pandemic drove the off-trade channel. The growth is also assisted by better consumer reach through digital marketing
Leading Market Player
23.79 %
market share, Sanitarium Health and Wellbeing Company, 2022
The exhaustive product portfolio of the company with wider distribution network is largely making Sanitarium Health And Wellbeing Company one of the leading market players in the segment, during the study period.
Enhanced customer personalization options provided by caffes coupled with plant milk diversities offered by supermarkets fuel the market growth
- The off-trade channel plays a major role in the sales of plant-based milk in the region. Plant-based milk accounted for the majority of share in off-trade channels among dairy alternative products. In 2022, plant-based milk accounted for more than 85% of the value share in Australia. Among the off-trade channels, the supermarkets and hypermarkets channel is the largest distribution channel in the Australian plant-based milk market. The proximity factor of these channels, especially in large and developed cities, provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market. In 2022, the supermarkets and hypermarkets channel accounted for 73% of the value share.
- Plant-based milk has captured half of cafe drink sales in Australia. Major chains like Starbucks, Blue Tokai Coffee, Costa Coffee, and Third Wave Coffee Roaster continue to enhance personalization and expand plant-based menu options. These cafes are launching non-dairy-based hot and cold beverages in pairings, such as lattes with plant-based milk, espresso, and iced coffee. The plant-milk sales through the on-trade channel are anticipated to grow by 12.7% by 2025 compared to 2023 in Australia.
- The online channel is expected to be the fastest-growing distribution channel in the off-trade segment. Convenience is the primary motivation for shoppers who have transitioned to shopping for more groceries online. It is projected to register a Y-o-Y growth value of 27.5% during the period 2023-2025. The demand for e-commerce retailing is increasing due to the rising volume of mobile users. In 2022, Australia’s internet penetration rate stood at 91.0 % of the total population.
Understand The Key Trends Shaping This Market
Australia Non-Dairy Milk Industry Segmentation
Almond Milk, Cashew Milk, Coconut Milk, Hazelnut Milk, Oat Milk, Soy Milk are covered as segments by Product Type. Off-Trade, On-Trade are covered as segments by Distribution Channel.
- The off-trade channel plays a major role in the sales of plant-based milk in the region. Plant-based milk accounted for the majority of share in off-trade channels among dairy alternative products. In 2022, plant-based milk accounted for more than 85% of the value share in Australia. Among the off-trade channels, the supermarkets and hypermarkets channel is the largest distribution channel in the Australian plant-based milk market. The proximity factor of these channels, especially in large and developed cities, provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market. In 2022, the supermarkets and hypermarkets channel accounted for 73% of the value share.
- Plant-based milk has captured half of cafe drink sales in Australia. Major chains like Starbucks, Blue Tokai Coffee, Costa Coffee, and Third Wave Coffee Roaster continue to enhance personalization and expand plant-based menu options. These cafes are launching non-dairy-based hot and cold beverages in pairings, such as lattes with plant-based milk, espresso, and iced coffee. The plant-milk sales through the on-trade channel are anticipated to grow by 12.7% by 2025 compared to 2023 in Australia.
- The online channel is expected to be the fastest-growing distribution channel in the off-trade segment. Convenience is the primary motivation for shoppers who have transitioned to shopping for more groceries online. It is projected to register a Y-o-Y growth value of 27.5% during the period 2023-2025. The demand for e-commerce retailing is increasing due to the rising volume of mobile users. In 2022, Australia’s internet penetration rate stood at 91.0 % of the total population.
| Product Type | |
| Almond Milk | |
| Cashew Milk | |
| Coconut Milk | |
| Hazelnut Milk | |
| Oat Milk | |
| Soy Milk |
| Distribution Channel | |||||||
| |||||||
| On-Trade |
Need A Different Region Or Segment?
Australia Non-Dairy Milk Market Size Summary
The Australia Non-Dairy Milk Market is experiencing significant growth, driven by a shift in consumer preferences towards plant-based alternatives. This market is characterized by a strong presence in off-trade channels, particularly supermarkets and hypermarkets, which dominate the distribution landscape due to their accessibility and influence on consumer purchasing decisions. The rise of plant-based milk is further supported by its increasing popularity in cafes, where major chains are expanding their non-dairy offerings to cater to a growing demand for personalized and diverse beverage options. The online channel is also emerging as a rapidly growing segment, fueled by the convenience of e-commerce and the high internet penetration rate in Australia.
The consumption of plant-based milk in Australia is on the rise, supported by a growing vegan population and the influence of vegan celebrities and chefs who are mainstreaming plant-based diets. Soy milk leads the market, followed by almond, oat, and coconut milk, reflecting a broader trend towards reducing animal product consumption due to various ethical, environmental, and health reasons. The market is moderately consolidated, with key players like Blue Diamond Growers, Oatly Group AB, PureHarvest, Sanitarium Health and Wellbeing Company, and Vitasoy International Holdings Ltd. These companies are actively expanding their product ranges to meet the increasing demand for plant-based milk, which is expected to continue growing in the coming years.
Australia Non-Dairy Milk Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
-
1.1 Product Type
-
1.1.1 Almond Milk
-
1.1.2 Cashew Milk
-
1.1.3 Coconut Milk
-
1.1.4 Hazelnut Milk
-
1.1.5 Oat Milk
-
1.1.6 Soy Milk
-
-
1.2 Distribution Channel
-
1.2.1 Off-Trade
-
1.2.1.1 Convenience Stores
-
1.2.1.2 Online Retail
-
1.2.1.3 Specialist Retailers
-
1.2.1.4 Supermarkets and Hypermarkets
-
1.2.1.5 Others (Warehouse clubs, gas stations, etc.)
-
-
1.2.2 On-Trade
-
-
Australia Non-Dairy Milk Market Size FAQs
How big is the Australia Non-Dairy Milk Market?
The Australia Non-Dairy Milk Market size is expected to reach USD 366.19 million in 2024 and grow at a CAGR of 9.65% to reach USD 580.35 million by 2029.
What is the current Australia Non-Dairy Milk Market size?
In 2024, the Australia Non-Dairy Milk Market size is expected to reach USD 366.19 million.
