Latin America Plant-Based Dairy Products Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-30
The Latin America Plant-Based Dairy Products Market size was valued at around USD 1.38 billion in 2024 and is projected to reach USD 2.54 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.81% during the forecast period (2025-30). The Latin American region has witnessed a boom in the plant-based dairy product market due to a shift in consumers’ lifestyle, fitness trends, and developing environmental consciousness. Brazil, Mexico, and Argentina are the top countries in this region currently embracing plant-based products, which include some dairy alternatives like almonds, soy, and oat milk. People in Brazil are increasingly turning to a vegetarian diet, with above 14% of the population adopting diets that comprise less meat intake. Similarly, the high demand for plant-based dairy products like almonds and soya milk is attributed to the tendency of human beings to keep away from dairy intake based on lactose intolerance.
Markntel Advisor’s Latin America Plant-Based Dairy Products Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Latin America Plant-Based Dairy Products Market drivers, barriers, Latin America Plant-Based Dairy Products Market Trends, and Key Players in Latin America Plant-Based Dairy Products Market.
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Latin America Plant-Based Dairy Products Market Driver: 2025-2030
Rising Demand for Vegan & Flexitarian Diets – The recognition of some vegan and flexitarian diets has a vital role in the growth of the plant-based dairy industry throughout Latin America. Consumers are increasingly moving towards plant-based diets in Brazil, Mexico, and Argentina due to health and environmental reasons. Veganism is a food plan that excludes all animal products, along with dairy products. This trend is being headed with the aid of increasing attention of fitness benefits from diets which might be rich in flora, and counter the problems related to ethics and animal agriculture.
A survey carried out by the Brazilian IBOPE Institute revealed that about 10% of the Brazilian population has followed a vegan or natural vegetarian weight-reduction plan, and this percentage is on the rise, mainly in young people. A report published by the National Institute of Health in Mexico indicates that more than 20% of Mexico’s population is reliant on a plant-based diet or has reduced their meat diet, with maximum of them preferring the use of plant-based milk instead of cow milk.
However, more people in the region are turning to a flexitarian diet, where most of the foods consumed are plant-based, but additionally, even though rare, some animal products. Latin Americans are willingly lowering their meat and dairy intake, which is also a new trend that responds to health-aware problems such as weight problems, cardiovascular disease, and various troubles currently going on in Brazil and Mexico. This is why milk consumption from plants, that is, almond milk, oat milk, and soy milk, is on the upward trend, as consumers are increasingly attracted to it.
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Latin America Plant-Based Dairy Products Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
·      By Product
o  Plant-based Milk
§ Almond milk- Market Size & Forecast 2020-2030, USD Million
§ Oat Milk-Market Size & Forecast 2020-2030, USD Million
§ Soy Milk-Market Size & Forecast 2020-2030, USD Million
§ Coconut Milk- Market Size & Forecast 2020-2030, USD Million
·      Rice Milk-Market Size & Forecast 2020-2030, USD Million
·      Pea Milk-Market Size & Forecast 2020-2030, USD Million
·      Others (Cashew, Hazelnut, etc.)
o  Plant-based Cheese
§ Nut-based Cheese-Market Size & Forecast 2020-2030, USD Million
§ Soy-based Cheese- Market Size & Forecast 2020-2030, USD Million
o  Plant-based Yogurt
§ Almond Yogurt-Market Size & Forecast 2020-2030, USD Million
§ Coconut Yogurt-Market Size & Forecast 2020-2030, USD Million
§ Soy Yogurt-Market Size & Forecast 2020-2030, USD Million
o  Plant-based Butter- Size & Forecast 2020-2030, USD Million
§ Others (Creamers, ice creams, etc.)
·      By Source
o  Fruits- Market Size & Forecast 2020-2030, USD Million
o  Vegetables- Market Size & Forecast 2020-2030, USD Million
o  Seeds & Nuts- Market Size & Forecast 2020-2030, USD Million
o  Others
·      By Sales Channel
o  Supermarket/Hypermarket- Market Size & Forecast 2020-2030, USD Million
o  Convenience Stores- Market Size & Forecast 2020-2030, USD Million
o  Specialty Stores- Market Size & Forecast 2020-2030, USD Million
o   Online Stores -Market Size & Forecast 2020-2030, USD Million
o  Others
·      By Nature
o  Organic- Market Size & Forecast 2020-2030, USD Million
o  Conventional- Market Size & Forecast 2020-2030, USD Million
·      By End Use
o  Bakery & Confectionery- Market Size & Forecast 2020-2030, USD Million
o  Snacks & Savories- Market Size & Forecast 2020-2030, USD Million
o  Ready to Eat Meals- Market Size & Forecast 2020-2030, USD Million
o  HoReCa- Market Size & Forecast 2020-2030, USD Million
o  Dietary Supplements- Market Size & Forecast 2020-2030, USD Million
o  Others
·      By Country
o  Brazil
o  Mexico
o  Argentina
o  Peru
o  Chile
o  Ecuador
o  Colombia
o  Rest of Latin America
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Top Companies Operating in the Latin America Plant-Based Dairy Products Market:
- Danone
- Coca Cola Brazil
- NotCo
- Grupo Gloria SA
- Grupo Industrial Cuadritos Biotek
- Mastellone Hermanos S.A.
- Grupo Lala
- General Mills
- Flora Food Group
- Ecotone
- Others
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