Australia Non-Dairy Milk Market Report and Forecast 2024-2032

Australia Non-Dairy Milk Market Outlook

The Australia non-dairy milk market size was valued at USD 351.28 million in 2023. The market is further projected to grow at a CAGR of 9.1% between 2024 and 2032, reaching a value of USD 773.49 million by 2032.

Key Takeaways

• According to the Australian Bureau of Statistics, consumers drink about half a metric cup of milk alternatives per person every week. Soy milk is currently the most popular plant-based milk in Australia, reflecting changing attitudes toward animal welfare and the environment.

• Growing one almond is estimated to consume 12 litres of water, yet almond milk utilises less land and water compared to dairy milk, resulting in lower greenhouse gas emissions.

• Plant-based milks are commonly enriched with micronutrients, contain less total fat and saturated fat than dairy milk, and offer beneficial plant phenol antioxidants.

• The market offers a diverse range of plant-based milks, such as oat, almond, and rice, each varying in nutritional content, with soy standing out as a robust dairy-free alternative nutritionally.

Factors like lactose intolerance and concerns about animal welfare and environmental sustainability are driving the shift towards plant-based milk options. The Australia non-dairy milk market development is further boosted by the introduction of innovative flavours, fortified varieties, and the convenience of non-dairy milk alternatives, contributing to the overall growth and expansion of the market in Australia.

The consumption of plant-based milk in Australia is on the rise, driven by factors like the growing vegan population and increasing awareness of health benefits associated with non-dairy alternatives. This trend is reshaping consumption patterns across the country, with soy milk being a dominant choice.

The expansion of non-dairy milk options in cafes, restaurants, online retail channels, and supermarkets is broadening consumer access to plant-based milk products. This increased availability contributes to Australia non-dairy milk market growth by reaching a larger audience and meeting diverse consumer needs.

Soy milk holds a significant share in market, driven by factors like consumer preference for plant-based protein sources and its versatility in various applications. Almond milk is gaining popularity due to its nutty flavour, nutritional benefits, and suitability for individuals with lactose intolerance or dietary restrictions. Coconut and cashew milk, known for its rich taste and creamy texture, is experiencing growth in the market, attributed to its health benefits and culinary versatility.

Oat milk, known for its smooth texture and neutral taste, appeals to consumers seeking dairy alternatives and is witnessing a surge in demand due to its sustainability and health benefits. Hemp milk, derived from hemp seeds, is gaining traction for its omega-3 fatty acids and protein content, appealing to health-conscious consumers.

Market Segmentation

Australia Non-Dairy Milk Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Soy Milk

• Almond Milk

• Coconut Milk

• Cashew Milk

• Hazelnut Milk

• Oat Milk

• Hemp Milk

• Others

Market Breakup by End Use 

• Yoghurt 

• Ice Creams 

• Milk 

• Creamers

• Cheese

• Others

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores 

• Online Channels

• Others 

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Companies are offering a diverse range of plant milk options to expand their presence on distribution channels, align with sustainability trends, and maintain a competitive edge in the market.

• Fortune Soy Manufacturer Pty Ltd.

• Q.S.F (Qld) Pty Ltd.   

• Chobani Global Holdings, LLC 

• Inside Out Nutrients Goods Pty Ltd.  

• Califia Farms, LLC    

• Australian Health and Nutrition Association Ltd. 

• Noumi Trading Pty Ltd

• Others

Key Highlights of the Report