India Plant-Based Milk Market Size, Growth, Trends Report 2025-2033

India Plant-Based Milk Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 16.40% (2025-2033)

The high awareness of health and wellness among consumers is one of the factors responsible for the growth of the India plant-based milk market. According to the latest report by IMARC Group, the India plant-based milk market size reached INR 2.97 Billion in 2024. Looking forward, IMARC Group expects the market to reach INR 11.83 Billion by 2033, exhibiting a growth rate (CAGR) of 16.40% during 2025-2033.

India Plant-Based Milk Industry Trends and Drivers:

Increasing cases of lactose intolerance and dairy allergies have led many to shift towards plant-based milk alternatives like almond, soy, oat, and coconut milk. Besides this, the growing popularity of veganism, supported by the awareness of ethical and environmental concerns related to traditional dairy production, is significantly fueling market growth. The younger population, particularly millennials and Generation Z, is adopting plant-based lifestyles, further propelling demand. Moreover, the Indian government’s initiatives to support the food and beverage sector and promote sustainable agricultural practices are creating a favorable environment for the growth of plant-based milk products. The expanding urban population and the proliferation of organized retail and e-commerce platforms are also contributing to increased accessibility and visibility of these products.

Key trends in the India plant-based milk market include continuous innovation in product formulations and flavors to cater to diverse consumer preferences. Manufacturers are introducing fortified options enriched with vitamins, minerals, and proteins to position plant-based milk as a healthier alternative to traditional dairy. The emphasis on clean-label products and organic certifications is also gaining traction, reflecting consumer demand for transparency and quality. Furthermore, advancements in processing technologies are improving the taste, texture, and shelf life of plant-based milk, making it more appealing and convenient. The expansion of domestic and international brands in the market, coupled with aggressive marketing campaigns highlighting the nutritional and environmental benefits of plant-based milk, is enhancing consumer adoption, which is anticipated to drive the India plant-based milk market in the coming years.

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India Plant-Based Milk Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Soy Milk
• Almond Milk
• Coconut Milk
• Rice Milk
• Oat Milk
• Others

Formulation Insights:

• Unflavored
• Flavored

Category Insights:

• Organic
• Conventional

Form Insights:

• Liquid
• Powder

Distribution Channel Insights:

• Business-to-Business
• Business-to-Consumer 
  • Modern Groceries
  • Convenience Stores
  • Specialty Stores
  • Online Retail Stores
  • Others

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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