The Australia dairy alternative market size was valued at USD 601.39 Million in 2025. The market is further projected to grow at a CAGR of 12.10% between 2026 and 2035, reaching a value of USD 1884.57 Million by 2035.
Base Year
Historical Period
Forecast Period
The amount of dairy and meat substitutes bought from Australian supermarkets and other food retailers increased by 14% in 2020–21, according to the Australian Bureau of Statistics (ABS).
The per person consumption of dairy and meat substitutes was 20 grams per day in 2020-21, up 29% from 15 grams per day in 2018-19. Approximately 17 grams of this consumption per person per day came from dairy milk substitutes like soy milk or almond milk.
The top 4 players occupying considerable market share are Nestle Australia Limited, Nutricia Australia Pty Limited, Blue Diamond Growers, PureHarvest, and Califia Farms, LLC.
Compound Annual Growth Rate
12.1%
Value in USD Million
2026-2035
*this image is indicative*
The rise in dairy alternatives like almond milk from brands such as Almond Breeze and soy milk from Vitasoy is directly influenced by the increasing number of Australians with lactose intolerance or milk protein allergies. Companies like Sanitarium Health Food Company offering products such as So Good soy milk are benefiting from the trend towards vegan and vegetarian diets in Australia. Moreover, innovative products like coconut milk yogurt from COYO and almond-based cheese from Botanical Cuisine are driving the Australia dairy alternative market growth.
Protein-fortified almond milk from brands like Australia's Own and soy milk enriched with pea protein from So Good target health-conscious consumers seeking additional protein in their diets. These formulations cater to fitness enthusiasts and individuals prioritising protein intake. Meanwhile, Oatly's oat milk fortified with vitamins and calcium and Vitasoy's soy milk enriched with Vitamin D or B12 exemplify dairy alternatives formulated with starch and essential nutrients. These products appeal to consumers looking for functional and health-promoting dairy substitutes with specific dietary requirements in mind.
Almond-based dairy alternatives, such as Almond milk, almond-based yogurt, almond cheese offered by Blue Diamond Growers and PureHarvest, hold a significant Australia dairy alternative market share due to their creamy texture and nutty flavor. Soy milk and cheese from brands like Vitasoy and Danone SA appeals to consumers seeking a good source of plant-based protein. As per industry reports, almond milk had a particularly rapid increase in apparent consumption, rising by 31% in the last two years, while soy milk increased by 16% over the same period.
Australia Dairy Alternative Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
Market Breakup by Formulation
Market Breakup by Nutrient
Market Breakup by Distribution Channel
Market Breakup by Region
The Australia dairy alternative market Key players are:
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 601.39 Million.
The market is expected to grow at a CAGR of 12.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 1884.57 Million by 2035.
The market is being driven due to increasing demand for dairy alternatives, desire for clean-label and natural products, and availability of various plant-based milk options in the market.
Key trends aiding the market expansion include increasing consumer shift towards plant-based diets, rising prevalence of lactose intolerance, and introduction of new dairy alternative products like yogurts and cheeses.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on formulation, the market segmentations include plain and flavoured.
The market breakup by source includes almond, soy, oats, coconut, rice, hemp, among others.
Key players in the market are Nestle Australia Limited, Nutricia Australia Pty Limited, Blue Diamond Growers, PureHarvest, and Califia Farms, LLC, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Formulation |
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| Breakup by Nutrient |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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