Plant-based dairy is expected to see incrementally strong retail volume and value (constant 2024 prices) growth over the forecast period. As the prices of these products are predicted to become more affordable, the demand for plant-based dairy is only expected to grow amid the burgeoning health and wellness trend.
Canada is expected to continue to see a steady increase in the vegan and vegetarian populations, with many millennials and Generation Z consumers following these types of diet. These consumers tend to be greatly influenced by social media trends and fads, which can be important drivers of these diets.
The growth potential of plant-based dairy in Canada is set to attract more new entrants, big and small, in the forecast period. Some brands, such as Nuts for Cheese, have already established a place in the market with the offer of niche products.
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Understand the latest market trends and future growth opportunities for the Plant-based Dairy industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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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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