# 2026 State of the Dairy Industry: Soy and coconut milk buck plant-based dairy alternatives decline

> Circana data showed refrigerated plant-based milk dollar sales fell 3% year over year and unit sales dropped 5% in the year ending September 6. Refrigerated soy milk dollar sales rose 12% and units gained 6%, while almond and oat milk sales declined.

- Date: 2026-11-11 · published 2026-11-11T21:11:24.510Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/94219-2026-state-of-the-dairy-industry-soy-and-coconut-milk-buck-plant-based-dairy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Growth in soy milk supports demand for soy ingredients, although the plant-based milk segment is small relative to total soybean use and is unlikely to shift soybean prices materially.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-01-13 | [US soybean crop and oil prices rise after cuts in the 2022/23 MY crop estimate](https://feedsoft.ai/events/37865-us-soybean-crop-and-oil-prices-rise-after-cuts-in-the-2022-23-my-crop-estimate.md) | -1.5% | +0.8% |
| SOY | 2021-04-05 | [Avian influenza, feed prices and covid-19: a challenge for the recovery of the poultry industry](https://feedsoft.ai/events/47607-avian-influenza-feed-prices-and-covid-19-a-challenge-for-the-recovery-of-the.md) | +0.1% | +12.1% |
| SOY | 2026-08-13 | [Soybean and rapeseed prices are rising despite an improvement in the global oilseed balance](https://feedsoft.ai/events/18021-soybean-and-rapeseed-prices-are-rising-despite-an-improvement-in-the-global.md) | +4.6% | +10.7% |
| SOY | 2023-11-16 | [Midwestern corn and soybean crop threatened by climate change \| NPR Illinois](https://feedsoft.ai/events/13233-midwestern-corn-and-soybean-crop-threatened-by-climate-change-npr-illinois.md) | -2.1% | -5.1% |
| SOY | 2025-04-10 | [US Corn and Soybean Ending Stocks Decrease in 2024/2025](https://feedsoft.ai/events/25067-us-corn-and-soybean-ending-stocks-decrease-in-2024-2025.md) | +2.6% | +2.4% |

## Sources

- dairyfoods.com: https://www.dairyfoods.com/articles/99501-2026-state-of-the-dairy-industry-soy-and-coconut-milk-buck-plant-based-dairy-alternatives-decline

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.