Canada Plant Based Milk Market Overview, 2029

In recent times, Canada's market for plant-based milk has experienced substantial expansion, which is indicative of a global movement towards more health-conscious and sustainable food options. A wide range of non-dairy milk substitutes are available in this market, including rice, almond, soy, oat, and coconut milk. Lactose intolerance, dietary choices, environmental concerns, and ethical considerations about animal welfare are just a few of the reasons why Canadian customers are increasingly choosing these alternatives. As a result, to satisfy the wide range of demands and tastes of customers, the plant-based milk market is expanding quickly and introducing innovations in flavour, texture, and nutritional value. The increased consciousness of health and wellbeing in Canada is one of the main factors propelling the market for plant-based milk. Since plant-based milks are frequently lower in calories, fat, and cholesterol than typical dairy milk, many consumers view them as healthier options. The sustainability of the environment is a major factor in customer preference for plant-based milks. Generally speaking, the environmental effect of producing plant-based milks is less than that of dairy farming, which is linked to increased greenhouse gas emissions, water use, and land degradation. Canada's market for plant-based milk is distinguished by ongoing product development and innovation. Companies are spending money on R&D to produce plant-based milk substitutes that taste and feel a lot like cow's milk.

According to the research report "Canada Plant Based Milk Market Market Overview, 2027" published by Bonafide Research, it is expected that the Plant Based Milk Market will grow rapidly over the forecast period. Growing consumer health consciousness is one of the main drivers. The health advantages of plant-based diets, such as lowered cholesterol, a decreased chance of heart disease, and improved digestive health, are becoming more well known in Canada. When compared to dairy milk, plant-based milks often have a less environmental impact since they consume less land and water and emit fewer greenhouse emissions. It is advised that Canadian producers and marketers of plant-based milk concentrate on product innovation and diversity in order to take advantage of these important factors. Canada's plant-based milk consumption movement may grow by showcasing consumer testimonials and success stories on social media and using digital marketing to create a vibrant community. Customers who are concerned about their health may find these items more enticing if they improve their nutritional profile, for example, by adding vitamins and minerals.

Based on its origins, plant-based milk is available in a variety of forms, each with unique flavors, textures, and nutritional profiles to suit a range of dietary requirements and customer preferences. Soy milk is one of the oldest and most widely used plant-based milk substitutes in the world. It comes from soybeans and is well-known for having a high protein content and creamy texture, which makes it a top choice for people seeking a dairy-free protein source. Almond milk has a little sweet taste and a nutty, light flavour. It is created from powdered almonds and water. To improve its nutritional value, almond milk is frequently fortified with calcium, vitamin D, and vitamin E. The chopped flesh of fully grown coconuts is used to make coconut milk. It tastes lightly like coconut and has a thick, creamy texture. Compared to other plant-based milks, coconut milk has more calories and fat, but it also has a distinct flavour that complements both savoury and sweet foods. Water is combined with milled white or brown rice to make rice milk. Its flavour is moderate and somewhat sweet, which makes it a good choice for people who are lactose intolerant or allergic to nuts. Soaking oats in water, mixing, and filtering the solids are the steps involved in making oat milk. It tastes like cow's milk—it's somewhat sweet and has a creamy texture. Other plant-based sources that can be used to make plant-based milk include hemp, flaxseed, quinoa, and pea protein. All of these substitutes satisfy varying dietary needs and customer preferences while providing unique tastes and nutritional advantages.

Formulations in the plant-based milk industry may be broadly divided into two categories: plain and flavoured varieties. Plain plant-based milks have a taste that is similar to that of regular dairy milk and are usually unflavored and unsweetened. Ingredients including soy, almond, oat, coconut, rice, or hemp are frequently used to make them. Customers searching for a flexible milk substitute that can be used for baking, cooking, and as a dairy substitute in drinks are drawn to simple formulas. Sweeteners (such cane sugar, agave syrup, or stevia) and artificial or natural flavours (including matcha, chocolate, strawberry, or vanilla) are added to enhance the flavour of plant-based milks. These formulations are intended for consumers who want to add diversity to their drinks and cereal or who are searching for ready-to-drink solutions that approximate flavoured dairy milk. Plant-based milks with flavours are frequently sold as stand-alone drinks that may be consumed cold or heated, as well as in smoothies and desserts. The market for plant-based milk offers both plain and flavoured formulations to accommodate a range of customer preferences, including dietary constraints, health-consciousness, and flavour preferences. As the demand for plant-based dairy substitutes rises, the market is expected to continue rising due to developments in ingredients and formulations.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Plant-based Milk market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Source
• Soy
• Almond
• Coconut
• Rice
• Oat Milk
• Other Sources (Cashews, Hazelnuts, Others)

By Formulation
• Plain
• Flavored

The approach of the report:

This report consists of a combined approach to primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.