India Plant-Based Milk Market Size, Trends, Demand and Forecast 2025-2033
India Plant-Based Milk Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 16.40% (2025-2033)
The high awareness of health and wellness among consumers is one of the factors responsible for the growth of the India plant-based milk market. According to the latest report by IMARC Group, The India plant-based milk market size reached INR 2.97 Billion in 2024. Looking forward, IMARC Group expects the market to reach INR 11.83 Billion by 2033, exhibiting a growth rate (CAGR) of 16.40% during 2025-2033.
India Plant-Based Milk Industry Trends and Drivers:
More people are becoming lactose intolerant or allergic to dairy. This has led many to choose plant-based milk alternatives, like almond, soy, oat, and coconut milk. The rise of veganism also plays a role. People are more aware of the ethical and environmental issues tied to traditional dairy farming. This awareness boosts market growth. Young people, especially millennials and Generation Z, are embracing plant-based diets, which increases demand. Additionally, the Indian government's support for the food and beverage sector helps. Their initiatives promote sustainable farming, creating a good environment for plant-based milk products. The growing urban population, along with more organized retail and e-commerce options, makes these products easier to access and see.
Key trends in the India plant-based milk market include ongoing innovation in flavors and formulations. Manufacturers are now offering fortified plant-based milk. These options include added vitamins, minerals, and proteins. This makes plant-based milk a healthier choice than dairy. There is also a growing focus on clean-label products and organic certifications. This reflects consumer demand for transparency and quality. New processing technologies are making plant-based milk taste better, feel smoother, and last longer. This makes it more appealing and convenient for users. The growth of local and global brands, plus effective marketing, shows the health and eco-friendly perks of plant-based milk. This trend is boosting consumer adoption and is expected to drive the market in the coming years.
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India Plant-Based Milk Industry Segmentation:
The report has segmented the market into the following categories:
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
- West and Central India
- South India
- East and Northeast India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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