Australia: milk substitutes market revenue 2019-2029

The revenue in the 'Milk Substitutes' segment of the food market in Australia was forecast to continuously increase between 2024 and 2029 by in total 384 million AUD (AU$) (+68.84 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 941.77 million AUD (AU$) and therefore a new peak in 2029. Notably, the revenue of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.

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Revenue of the milk substitutes market in Australia from 2019 to 2029 (in million Australian dollars)

Characteristic	Revenue in million AUD
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Release date

September 2024

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Region

Australia

Survey time period

2019 to 2029

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

Milk substitutes refer to any type of milk not derived from animals. The Milk Substitutes market covers all types of plant-based milk such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption, out-of-home consumption is not included.

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