Nils-Gerrit Wunsch
Research expert covering foods trends in North America, Europe, and the global food system
Get in touch with us nowIn 2022, the Asia Pacific region had the highest retails sales value of plant-based milk substitutes in the world, amounting to nearly 9.9 billion U.S. dollars. In Western Europe, the retail sales value of milk alternatives was approximately 4.1 billion U.S. dollars.
Global production of traditional milk
The United States (U.S.) is one of the leading producers of traditional cow milk worldwide. In 2023, the U.S. produced approximately 226.6 billion pounds of milk for human consumption. The production of cow milk in the European Union (EU) has been steadily increasing for as long as the UK was included in the figures. In 2023, it amounted to nearly 144.8 million metric tons stagnating since 2021. In China, the production of cow milk was estimated to be 42 million metric tons in 2023.
The increasing popularity of milk substitutes
That year, total consumption for milk substitutes worldwide increased to a new record high of around 7.53 billion kilograms. The amount of milk substitutes consumed globally has increased since 2018. The Statista Consumer Market Outlook estimates that this trend will continue and by 2028, global consumption of milk substitutes will increase to 10.48 billion kilograms. The generated revenue of the market for milk substitutes was estimated to be around 23.16 billion U.S. dollars.
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