The price per unit in the 'Milk Substitutes' segment of the food market in Australia was forecast to continuously increase between 2024 and 2029 by in total 0.3 AUD (AU$) (+16.13 percent). After the tenth consecutive increasing year, the indicator is estimated to reach 2.12 AUD (AU$) and therefore a new peak in 2029. Notably, the price per unit of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
Milk substitutes refer to any type of milk not derived from animals. The Milk Substitutes segment 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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Statista. (June 18, 2024). Average milk substitutes price in Australia from 2019 to 2029 (in Australian dollars) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit
Statista. "Average milk substitutes price in Australia from 2019 to 2029 (in Australian dollars)." Chart. June 18, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit
Statista. (2024). Average milk substitutes price in Australia from 2019 to 2029 (in Australian dollars). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit
Statista. "Average Milk Substitutes Price in Australia from 2019 to 2029 (in Australian Dollars)." Statista, Statista Inc., 18 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit
Statista, Average milk substitutes price in Australia from 2019 to 2029 (in Australian dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit (last visited September 20, 2024)
Average milk substitutes price in Australia from 2019 to 2029 (in Australian dollars) [Graph], Statista, June 18, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1289693/australia-milk-substitutes-price-per-unit