The global peanut milk market size reached around USD 314.43 Million in 2025. The market is projected to grow at a CAGR of 7.90% between 2026 and 2035 to reach nearly USD 672.57 Million by 2035.The market growth can be attributed to the rising demand for plant-based milk in Europe and Latin America and rising consumer purchasing power. Besides, the growing adoption of innovative marketing strategies and focus on meeting ESG goals is also influencing the market dynamics favourably.
Base Year
Historical Period
Forecast Period
Peanut milk is a dairy-free and nutrient-rich beverage that is preferred by fitness enthusiasts and consumers with dietary restrictions. Around 42% of American consumers prefer plant-based foods for improving their health. The growing preference for plant-based products is creating exciting market opportunities for peanut milk-producing companies and prompting them to introduce new and authentic products in innovative flavours.
Peanut milk is renowned for its rich and nutty taste, which appeals to flavour-focused consumers and creates lucrative opportunities for market differentiation. As per industry reports, around 36% of US consumers purchase dairy alternatives due to their unique flavour.
Private-label plant-based milk in Germany is 13% cheaper than conventional private-label milk, which contributes to the peanut milk market development. Lower prices have encouraged consumers to purchase plant-based milk products, including peanut milk, more frequently, hence private-label companies are expanding their product offerings with innovative products.
Compound Annual Growth Rate
7.9%
Value in USD Million
2026-2035
*this image is indicative*
| Global Peanut Milk Market Report Summary | Description | Value |
| Base Year | USD Million | 2025 |
| Historical Period | USD Million | 2019-2025 |
| Forecast Period | USD Million | 2026-2035 |
| Market Size 2025 | USD Million | 314.43 |
| Market Size 2035 | USD Million | 672.57 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 7.90% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 8.8% |
| CAGR 2026-2035 - Market by Country | India | 9.0% |
| CAGR 2026-2035 - Market by Country | Brazil | 8.9% |
| CAGR 2026-2035 - Market by Nature | Organic | 9.3% |
| CAGR 2026-2035 - Market by Packaging Type | Aseptic Carton | 8.4% |
| Market Share by Country 2025 | Australia | 1.8% |
The increasing consumer demand for nutritious dairy alternatives that do not compromise on taste is fuelling the market growth. For instance, the United States witnessed an 11% growth in consumption of dairy alternatives during 2021-22, which was a year-on-year growth from 6%. More than half of the nation's population consumes dairy alternatives. Based on consumer analysis, around 45% of the population plans to increase their consumption of dairy alternatives, thereby favouring the peanut milk market dynamics.
The demand for plant-based items has increased steadily in Europe, with plant-based beverages accounting for a significant market share. Reportedly, France recorded EUR 211 million worth of sales of plant-based milk and other beverages, thereby recording a year-on-year growth of 2.6% y-o-y in 2022-23. Over the forecast period, the peanut milk market development is expected to be driven by rising consumer consciousness regarding animal and plant welfare. Besides, the increasing health awareness is also expected to increase the sale of plant-based milk in the upcoming years.
Growing demand for dairy alternatives; rising focus on ESG goals; rising sales of peanut milk in Latin America; and the introduction of unique flavours are the major factors driving the peanut milk market growth.
Consumers increasingly value the health benefits of plant-based products. By communicating the nutritional content of peanut milk (including calcium and protein quantity) transparently, peanut milk brands can easily build consumer confidence and promote the market growth.
As per the peanut milk market analysis, around 25% of American customers purchasing dairy alternatives are willing to pay an additional price for brands prioritising ESG. This highlights the increasing consumer preference for sustainable, ethically sourced, and socially responsible food products. This trend is prompting companies to make strategic investments in ESG practices, thereby shaping the market favourably.
Latin American countries, including Brazil, have witnessed a significant surge in demand for plant-based milk due to rising health consciousness among consumers. The shift towards flexitarian diets and vegan food products is prompting manufacturers to introduce peanut milk products which promote heart and bone health while reducing oxidative stress and inflammation within the body. This is one of the key peanut milk market trends.
Manufacturers of dairy alternative products are focusing on introducing milk flavours that appeal to the consumers’ palette, thereby driving the market growth. This serves as a USP for their brand and enables them to differentiate themselves from their competitors’ brands successfully. Besides, unique flavours like chocolate, vanilla, and berry enable companies to cater to a wider consumer base, thereby expanding their reach and driving the market development.
Focus on developing allergen-free items
Various consumer studies report a rising incidence of food allergies that can be attributed to product contamination and the use of unsuitable dairy ingredients. This has prompted consumers to actively seek out nut-based food products that do not contain lactose or soy, are produced in a safe environment, and are labelled clearly for any allergens. This is enhancing consumer trust in dairy-alternative products, positively shaping the peanut milk market dynamics.
Growing demand for plant-based milk in Brazil
In 2022, the sale of plant-based milk reached ZAR 612 million, which was a year-on-year growth of 15% from 2021. Furthermore, in 2023, total sales reached ZAR 673 million, recording a year-on-year growth of 9.5%. The sustained increase in the demand for plant-based products is expected to facilitate the peanut milk market expansion in the coming years favourably.
The EMR’s report titled “Global Peanut Milk Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Breakup by Nature
Breakup by Packaging Type
Breakup by Application
Breakup by Distribution Channel
Breakup by Region
| CAGR 2026-2035 - Market by | Country |
| India | 9.0% |
| Brazil | 8.9% |
| China | 8.6% |
| Canada | 8.2% |
| Australia | 7.5% |
| USA | XX% |
| UK | 7.5% |
| Germany | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| France | 7.4% |
Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2026-2035, the market for peanut milk in the Asia Pacific and North America is expected to grow at a CAGR of 8.8% and 7.6%, respectively. The growth of the peanut milk market in these regions can be attributed to the growing adoption of vegan diets by consumers and rising awareness regarding lactose intolerance among dairy producers.
Based on nature, the market is categorised into conventional and organic. The industry analysis suggests that the demand for organic peanut milk is estimated to increase at a CAGR of 9.3% during the forecast period of 2026-2035 due to its rich and creamy texture and its minimal harmful effects on the environment.
Major players are capitalising on the consumer shift towards veganism and expanding their plant-based beverage production capacities. They are also expanding their market reach in regions like the Asia Pacific and Latin America by adopting health-focused marketing campaigns and strengthening their partnerships with local retailers. This is expected to increase the peanut milk market revenue in the coming years.
RITA Food & Drink Co.,Ltd. was founded in 2004 and is headquartered in Di An, Vietnam. It specialises in manufacturing energy drinks, soya and peanut milk, fruit juices, and other canned beverages.
ShanTou YiLi Foods Co., Ltd. was founded in 1993 and is headquartered in Guangdong, China. It is one of the top 10 dairy companies in the world which also produces plant-based milks. It has a substantial presence in international markets like New Zealand.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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In 2025, the market reached an approximate value of USD 314.43 Million.
The market is projected to grow at a CAGR of 7.90% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 672.57 Million by 2035.
The different regions considered in the market report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The different types of packaging for peanut milk are bottles and aseptic cartons.
The different applications of peanut milk are food processing industry, bakery and confectionery, beverages, and protein bars and supplements, among others.
The different distribution channels for peanut milk are hypermarkets/supermarkets, convenience stores, and online channel, among others.
Key players in the market are RITA Food & Drink Co.,Ltd. and ShanTou YiLi Foods Co., Ltd., 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 Nature |
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| Breakup by Packaging Type |
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| Breakup by Application |
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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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