Southeast Asia Plant-Based Dairy Products Market Demand, Share, and Strategic Outlook

Southeast Asia Plant-Based Dairy Products Market Projected to Expand at 5% CAGR Through 2030

The Southeast Asia Plant-Based Dairy Products Market size was valued at around USD 3 billion in 2024 and is projected to reach USD 4.1 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2025-30. The main reason behind this growth is the availability of numerous products in the market with superior taste and competitive prices, that have attracted a wide customer base. For instance, as per a survey, around 38% of people choose plant-based milk over natural one.

Our Latest Reports Now Include In-Depth Supply Chain Ecosystem Analysis, Enabling Businesses to Navigate Tariff Challenges with Greater Agility Get Sample Report - https://www.marknteladvisors.com/query/request-sample/southeast-asia-plant-based-dairy-products-market.html

Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and MA Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Southeast Asia Plant-Based Dairy Products Market Segment Overview Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Type

Milk- Market Size Forecast 2020-2030F, USD Million
Cheese- Market Size Forecast 2020-2030F, USD Million
Yogurt- Market Size Forecast 2020-2030F, USD Million
Others- Market Size Forecast 2020-2030F, USD Million

Based on the type of plant-based dairy product, the milk segment holds a major market share of around 72%. This is because plant-based milk has recorded the highest sales in past years mainly because the focus of many people is continuously increasing towards their health, thus increasing the demand for foods that offer health benefits without the limitations associated with traditional dairy products, such as lactose, fat, cholesterol, etc. Plant-based milk is assumed to be a healthier alternative as it contains low calories and fat and provides essential vitamins and minerals. Additionally, the availability of milk in various flavors has further attracted more consumers.

Moreover, coconut and soybean are widely available in this region which helps in producing plant-based milk locally at low prices. As a result, such products and accessible and affordable to a wide consumer base. Therefore, plant-based milk has been the most used product and this dominance is expected to continue in the future as well.

By Nature

Organic- Market Size Forecast 2020-2030F, USD Million
Conventional- Market Size Forecast 2020-2030F, USD Million

By Material

Almonds- Market Size Forecast 2020-2030F, USD Million
Soybean- Market Size Forecast 2020-2030F, USD Million
Blends- Market Size Forecast 2020-2030F, USD Million
Coconuts- Market Size Forecast 2020-2030F, USD Million
Oats- Market Size Forecast 2020-2030F, USD Million
Rice- Market Size Forecast 2020-2030F, USD Million
Others- Market Size Forecast 2020-2030F, USD Million

Based on the type of material, oats-based dairy products hold a major market share of around 43%. Oat milk, especially, is gaining significant traction among consumers seeking sustainable and tasty alternatives to traditional dairy-based beverages because oat-based products have a perfect taste and appearance that is similar to natural dairy products. Additionally, each product is free from sugars and features specific health and wellness claims.

Moreover, oat-based products are cheaper as compared to other alternatives which further attracts more consumers. This is because of the lower taxes on plant-based ingredients. For instance, as of January 2025, oat-based milk costs around USD 9.67 whereas soy-based milk costs around USD 35. Therefore, due to the affordable prices and suitable taste and texture, oat-based dairy products are highly popular in Southeast Asia, and this trend is expected to continue in the forecast period as well.

By Sales Channel

Supermarkets/Hypermarkets- Market Size Forecast 2020-2030F, USD Million
Convenience Stores- Market Size Forecast 2020-2030F, USD Million
Specialty Stores- Market Size Forecast 2020-2030F, USD Million
E-Commerce- Market Size Forecast 2020-2030F, USD Million
Others- Market Size Forecast 2020-2030F, USD Million

By End Use

Bakery Confectionary- Market Size Forecast 2020-2030F, USD Million
Snacks Savouries- Market Size Forecast 2020-2030F, USD Million
Ready Meals- Market Size Forecast 2020-2030F, USD Million
HoReCa- Market Size Forecast 2020-2030F, USD Million
Dietary Supplements- Market Size Forecast 2020-2030F, USD Million
Other Food Products- Market Size Forecast 2020-2030F, USD Million

By Country

Singapore
Malaysia
Indonesia
Thailand
Philippines
Vietnam
Rest of Southeast Asia.

Regionally, Indonesia leads the market with a share of around 47%. This is because of the highest population and GDP of Indonesia as compared to other countries of this region. These factors incline people towards spending on plant-based dairy products that are assumed to be healthier and environment-friendly.

Moreover, a large proportion of this country’s population faces health issues that can be normalized by using such products. Around 66% of the adults face lactose intolerance problems. Additionally, the number of deaths due to various heart diseases has increased by around 126% over the past three decades. As a result, there have been high sales of plant-based products in Indonesia in past years making it the market leader. Therefore, due to various health problems, people have been inclined towards plant-based dairy alternatives, which is further fueled by the high income of people in this country.

These divisions help clarify demand patterns and expected shifts.

Market Opportunities

Increasing Number of Consumers Prioritizing Environmentally-Sustainable Purchases – The focus of people toward environmental sustainability is continuously increasing in this region. For instance, as per a survey of 2024, around 90% of customers choose sustainable features as an essential one while purchasing food and beverages. As a result, the demand for plant-based products will increase in the coming years as they are highly environment-friendly products. For instance, one glass of cow milk means around 0.63 Kg of emission of greenhouse gases and around 125.6 liters of water. However, a similar quantity of plant-based Soy milk releases only around 0.2 Kg of greenhouse gases into the environment and uses only 5.6 liters of water. Therefore, the increasing focus of consumers towards environmentally sustainable solutions will provide a good growth opportunity for the market in this region which could be achieved by promoting nature-friendly benefits of plant-based dairy products.

Southeast Asia Plant-Based Dairy Products Market Competitive Snapshot from 2025-2030

The report highlights established and emerging players in the global Southeast Asia Plant-Based Dairy Products Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Alpro
Oatly Group
Vinamilk
Valsoia
Sysco Simply
Plantstrong
SunOpta
Pacific Foods
Tetra Pak
Ripple Foods
Yofiit
Hain Celestial

Their activities include partnerships, product launches, and geographic expansions.

Southeast Asia Plant-Based Dairy Products Industry Prime Challenge

Resembling the Taste Texture of Traditional Products – The manufacturing of plant-based dairy alternatives with taste and texture similar to traditional products is still a challenge for the manufacturers, mainly in cheese and yogurt. This is because various plant-based ingredients used in these products have a taste of soil, roots, or beans that are transferred to dairy alternatives. This increases the demand for adding flavors to those products which increases the cost of production. This also affects the buying behavior of customers who are health conscious and make purchases as per ingredients.

Additionally, some ingredients like peanuts not only have a strong taste but are also highly viscous which makes it difficult for manufacturers to resemble the texture in plant-based alternatives as of traditional ones. Therefore, due to difficulty in resembling products with appropriate taste and texture, customers are less inclined towards them, mainly cheese and yogurt, thus presenting a challenge for the overall growth of the market.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

“Report Delivery Format: Market research reports from MarkNtel Advisors are available in PDF, Excel, and PowerPoint formats. Once payment is successfully processed, the report will be delivered to your email address within 24 hours”

Other Report:

Note: If you need additional information not included in the report, we can customize it to suit your requirements. https://www.marknteladvisors.com/query/request-customization/southeast-asia-plant-based-dairy-products-market.html

Why Trust MarkNtel Advisors?

In-depth primary and secondary data validation
Focused on practical insights, not just raw numbers
Designed to support business strategy, not just reporting
Strong industry connections and real-time data flow
Transparent methodology and reliable sourcing

About Us –

We are a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.