Over the forecast period, plant-based dairy is set to see solid growth in value and volume terms, buoyed by a convergence of structural supply-side pressures in conventional dairy and rising consumer demand for healthier, more sustainable alternatives. Mounting challenges facing traditional dairy production in Australia such as farm consolidation, rising input costs, and increasing climate-related volatility, are placing downward pressure on supply stability and upward pressure on retail pricing, particularly in volume-driven categories like drinking milk products.
Over the forecast period, health and wellness is set to remain the primary engine of innovation and value creation in plant-based dairy. While the category has historically drawn strength from environmental and ethical considerations, its future growth trajectory will hinge on the ability of brands to deliver science-backed functional benefits that meet increasingly sophisticated consumer demands.
Over the long term, emerging technologies such as precision fermentation and lab-grown dairy proteins are poised to significantly reshape Australia’s dairy landscape, particularly within specialised and functional nutrition segments. These technologies offer the ability to produce bio-identical proteins such as casein, whey, and lactoferrin, core building blocks in infant formula, medical nutrition, and performance beverages without the need for animal agriculture.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Plant-based Dairy industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Plant-based Dairy
This is the aggregation of plant-based milk, plant-based yoghurt and plant-based cheese. Please note that plant-based dairy products that are not milk, yoghurt or cheese are tracked under their core dairy categories (e.g. powder milk, margarine and spreads, coffee whiteners etc.)
See all of our definitionsThis report originates from Passport, our Plant-based Dairy research and analysis database.
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