Market Overview
Latin America Plant-based Dairy Market Highlights
• An additional USD 0.4 billion in value is expected to be added to the Latin America plant-based dairy market between 2026 and 2031.
• In terms of segment, soy drinks accounted for a revenue of USD XX million in 2025.
• The small grocery stores channel accounted for XX% of total sales in 2025, with a CAGR of XX% during the forecast period.
• The market is projected to achieve a compound annual growth rate (CAGR) of 5.84% from 2026 to 2031.
Delivering a data-driven perspective on the Latin America plant-based dairy market, the report details historical performance over the past six years and projects future trends through 2031. It delves into market segmentation, analyzing developments across product type, nature, packaging type, distribution channel and country.
What’s Inside the Report
This report presents a comprehensive analysis of the Latin America plant-based dairy market size (in Tons/USD) from 2021 to 2031. The core dataset includes historical figures and forward-looking projections for both the overall market and its key segments, supplemented by compound annual growth rates (CAGRs) for historical and forecast periods. Segmentation covers product type, nature, packaging type, distribution channel and country. By comparing historical and projected growth rates, the analysis identifies high-potential segments, enabling data-driven strategic decision-making.
In addition to market size data, the report also delves into the key factors driving market evolution. Based on industry interviews and authoritative macroeconomic data, the report analyzes the key drivers behind market size fluctuations and outlines future development trends. It integrates insights on innovation, shifts in consumer behavior, and environmental changes to dissect market growth drivers and potential risks. Special focus is placed on high-performing growth areas within sub-markets, as well as opportunities arising from product innovations.
Furthermore, the report delivers a rigorous competitive assessment, tracking market share movements and brand performance among industry participants from 2021 onward. It highlights evolving competitive dynamics, consolidation trends, and granular share shifts, empowering stakeholders to benchmark performance and refine differentiation strategies. These evidence-based insights support targeted investment prioritization and long-term strategic planning.
Market Segmentation
The Latin America plant-based dairy market is categorized into the following segments:
Product type – e.g., plant-based cheese, plant-based milk (soy drinks, other plant-based milks), plant-based yoghurt
Nature – e.g., conventional, organic
Packaging type – e.g., carton bottles, flexible packaging, rigid plastic containers
Distribution channel – e.g., bars and HoReCa, convenience stores, discounters, e-commerce, food specialty stores, forecourts, hypermarkets, small grocery stores, supermarkets, warehouse clubs, others
Country – e.g., Argentina, Brazil, Chile, Colombia, Mexico, others
Macroeconomic & Demographic Indicators
Supporting context includes:
Total population
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Per capita consumption
Consumer spending as a percentage of GDP
These variables enhance understanding of consumption potential and macroeconomic trends affecting the market.
Competitive Landscape: Market Share Analysis
The report features market share data for leading players in the plant-based dairy sector in Latin America, offering insights into competitive positioning, brand dominance, and consolidation trends. Key market participants include: Alvarez Y Sanchez, C. Por A., Amande S.A., Danone S.A., Ecotone, Flora Food Group B.V., General Mills, Inc., GRUPO GLORIA, Grupo Industrial Cuadritos Biotek, S.A. de C.V., Grupo Lala S.A.B. de C.V. , Heartbest SAPI de CV, Inversiones Nulan S.p.A., Laive S.A., Liquats Vegetals S.A., Mastellone Hnos S.A., Nestle S.A., Otsuka Holdings Co. Ltd., Pampa Vida S.R.L., Positive Brands Industria e Comercio de Alimentos Saudaveis S.A., The Coca-Cola Company, The Not Company, TONING S.A.S., Tratenfu S.A., Unigra S.r.l., Watt’s S.A., etc.
Market share data is presented for top-performing companies in the overall plant-based dairy sector, as well as for individual segments such as plant-based dairy, plant-based milk, soy drinks, other plant-based milks, plant-based yoghurt and plant-based cheese, enabling a granular view of competitive dynamics.
Market share analysis covered in the report:
Latin America plant-based dairy market share
Latin America plant-based milk market share
Latin America soy drinks market share
Latin America other plant-based milks market share
Latin America plant-based yoghurt market share
Latin America plant-based cheese market share
Why Choose This Report?
Designed as a data-rich strategic snapshot, the report delivers timely and reliable intelligence to support decisions across market entry, investment evaluation, supply chain planning, and competitive benchmarking. Whether you’re an investor, manufacturer, distributor, or consultant, this report delivers actionable value.
Request a redacted sample to preview the data structure and presentation quality before purchase.
Deliverables Include
Professionally structured PDF report
Full EXCEL databook with year-by-year figures and multi-dimensional segmentation from 2021 to 2031
Table of Contents
TABLE OF CONTENTS
Market Segmentation
Market Overview
Latin America Plant-based Dairy Market – Product Type Analysis
Latin America Plant-based Dairy Market – Nature Analysis
Latin America Plant-based Dairy Market – Packaging Type Analysis
Latin America Plant-based Dairy Market – Distribution Channel Analysis
Latin America Plant-based Dairy Market – Country Analysis
Company/Brand Shares Analysis
Alvarez Y Sanchez, C. Por A.
Amande S.A.
Danone S.A.
Ecotone
Flora Food Group B.V.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Latin America Plant-based Dairy Market 2021-2031
Chart Latin America Plant-based Dairy Market, Net Growth, 2021-2031
Chart Latin America Plant-based Dairy Market, Growth Rates, 2021-2031
Table Latin America Plant-based Dairy Market by Product Type, 2021-2031
Chart Latin America Plant-based Dairy Market by Product Type, CAGR Historic and Forecast, 2021-2031
Chart Latin America Plant-based Dairy Market by Product Type, 2021-2031
Table Latin America Plant-based Dairy Market by Nature, 2021-2031
Chart Latin America Plant-based Dairy Market by Nature, CAGR Historic and Forecast, 2021-2031
Chart Latin America Plant-based Dairy Market by Nature, 2021-2031
Table Latin America Plant-based Dairy Market by Packaging Type, 2021-2031
Chart Latin America Plant-based Dairy Market by Packaging Type, CAGR Historic and Forecast, 2021-2031
Chart Latin America Plant-based Dairy Market by Packaging Type, 2021-2031
Table Latin America Plant-based Dairy Market by Distribution Channel, 2021-2031
Chart Latin America Plant-based Dairy Market by Distribution Channel, CAGR Historic and Forecast, 2021-2031
Chart Latin America Plant-based Dairy Market by Distribution Channel, 2021-2031
Table Latin America Plant-based Dairy Market by Country, 2021-2031
Chart Latin America Plant-based Dairy Market by Country, CAGR Historic and Forecast, 2021-2031
Chart Latin America Plant-based Dairy Market by Country, 2021-2031
Table Latin America Plant-based Dairy Market Share (%), by Companies, 2021-2025
Chart Latin America Plant-based Dairy Market, by Companies, 2025
Table Latin America Plant-based Dairy Market Share (%), by Brands, 2021-2025
Chart Latin America Plant-based Dairy Market, by Brands, 2025
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
This report profiles the following Latin America Plant-based Dairy companies:
Alvarez Y Sanchez, C. Por A.
Amande S.A.
Danone S.A.
Ecotone
Flora Food Group B.V.
General Mills, Inc.
GRUPO GLORIA
Grupo Industrial Cuadritos Biotek, S.A. de C.V.
Grupo Lala S.A.B. de C.V.
Heartbest SAPI de CV
Inversiones Nulan S.p.A.
Laive S.A.
Liquats Vegetals S.A.
Mastellone Hnos S.A.
Nestle S.A.
Otsuka Holdings Co. Ltd.
Pampa Vida S.R.L.
Positive Brands Industria e Comercio de Alimentos Saudaveis S.A.
The Coca-Cola Company
The Not Company
TONING S.A.S.
Tratenfu S.A.
Unigra S.r.l.
Watt’s S.A.
