The Latin America plant-based dairy market is set to increase from USD 2,220.0 million in 2023 to USD 3,639.2 million by 2029, reflecting a CAGR of 8.6% over the 2024 to 2029 timeframe. The Latin American market for plant-based dairy is on the rise as consumers prioritize health and wellness, particularly in urban areas. Growing concerns about lactose intolerance and digestive health are driving demand for alternatives to traditional dairy. The region is also seeing an increase in vegan and environmentally conscious lifestyles, leading to greater acceptance of plant-based products.
This report provides a thorough assessment of the Latin America plant-based dairy industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, distribution channel and country. Through this detailed assessment, the report helps uncover the growth potential of the plant-based dairy industry.
Market Segmentation
The Latin America plant-based dairy market is categorized into the following segments:
Product type: plant-based milk, plant-based yoghurt, plant-based cheese
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food & drinks stores, grocery stores, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The Latin America plant-based dairy market is categorized by product type, distribution channel and country. By product type, the market includes plant-based milk, plant-based yoghurt, and plant-based cheese. Distribution channel segmentation includes convenience stores, forecourt stores, supermarkets and hypermarkets, discounters, warehouse clubs, food & drinks stores, grocery stores, e-commerce, and others. Geographically, the market spans Argentina, Brazil, Chile, Colombia, Mexico and others.
Competitive Landscape
Key players in the Latin America plant-based dairy market include Watt’s S.A., The Coca-Cola Company, Positive Brands Industria e Comercio de Alimentos Saudaveis S.A., Nestle S.A., Mastellone Hnos S.A., Laive S.A., Grupo Lala S.A.B. de C.V. , Grupo Industrial Cuadritos Biotek S.A. de C.V., GRUPO GLORIA, Danone S.A. and Alvarez Y Sanchez C. Por A.
This comprehensive report analyzes the performance of leading companies in the plant-based dairy sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Latin America Plant-based Dairy Market – Product Type Analysis
Latin America Plant-based Dairy Market – Distribution Channel Analysis
Latin America Plant-based Dairy Market – Country Analysis
Key Players and Market Share
– Watt’s S.A.
– The Coca-Cola Company
– Positive Brands Industria e Comercio de Alimentos Saudaveis S.A.
– Nestle S.A.
– Mastellone Hnos S.A.
– Laive S.A.
– Grupo Lala S.A.B. de C.V.
– Grupo Industrial Cuadritos Biotek, S.A. de C.V.
– GRUPO GLORIA
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Latin America Plant-based Dairy Market 2019-2029
Chart Latin America Plant-based Dairy Market, Net Growth, 2019-2029
Chart Latin America Plant-based Dairy Market, Growth Rates, 2019-2029
Table Latin America Plant-based Dairy Market by Product Type, 2019-2029
Chart Latin America Plant-based Dairy Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Latin America Plant-based Dairy Market by Product Type, 2019-2029
Table Latin America Plant-based Dairy Market by Distribution Channel, 2019-2029
Chart Latin America Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latin America Plant-based Dairy Market by Distribution Channel, 2019-2029
Table Latin America Plant-based Dairy Market by Country, 2019-2029
Chart Latin America Plant-based Dairy Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Latin America Plant-based Dairy Market by Country, 2019-2029
Table Latin America Plant-based Dairy Market Share (%), by Companies, 2019-2023
Chart Latin America Plant-based Dairy Market, by Companies, 2023
Table Latin America Plant-based Dairy Market Share (%), by Brands, 2019-2023
Chart Latin America Plant-based Dairy Market, by Brands, 2023
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Plant-based Dairy Market: Spend as a Proportion of GDP (%)
Table Latin America Plant-based Dairy Market: Consumption per Capita (Population)
Companies Mentioned
Watt’s S.A.
The Coca-Cola Company
Positive Brands Industria e Comercio de Alimentos Saudaveis S.A.
Nestle S.A.
Mastellone Hnos S.A.
Laive S.A.
Grupo Lala S.A.B. de C.V.
Grupo Industrial Cuadritos Biotek, S.A. de C.V.
GRUPO GLORIA
Danone S.A.
Alvarez Y Sanchez, C. Por A.