"The Plant-Based Milk Market business report anticipates the possibility of reaching new highs in the Plant-Based Milk Market from 2022 to 2029. Focused on the HEALTHCARE industry, this report provides a precise study outlining market definitions, classifications, applications, engagements, and global industry trends. It includes comprehensive profiles of major players and brands, showcasing important product developments and tracking recent acquisitions, mergers, and research within the HEALTHCARE sector. The market drivers and restraints are effectively analyzed through a SWOT analysis in the Plant-Based Milk Market report.
Expecting growth due to increased demand at the end-user level, the Plant-Based Milk Market categorizes global market size in terms of value and volume by manufacturers, type, application, and region. The report highlights recent developments, product launches, joint ventures, mergers, and acquisitions by key players and brands while offering a summary of market definitions, classifications, and trends. This reliable Plant-Based Milk Market report empowers businesses not only to compete but also to surpass the competition.
The global plant-based milk market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.4% in the forecast period of 2023 to 2030 and is expected to reach USD 50,066.21 million by 2030. The increase in the vegan population around the globe is the key factor fueling the expansion of the plant-based milk market.
Explore Further Details about This Research Plant-Based Milk Market Report https://www.databridgemarketresearch.com/reports/global-plant-based-milk-market
The availability of a wider range of plant-based milk products is driving the market's expansion. Additionally, the market is further influenced by an increase in the lactose-intolerant population. Moreover, the rise in promotional activities and social media marketing for plant-based milk has boosted the market. In addition to the expansions, R&D and the modernization of plant-based product in the market has opened up more business potential for plant-based milk.
The global plant-based milk market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
REPORT METRIC | DETAILS |
Forecast Period | 2023 to 2030 |
Base Year | 2022 |
Historic Years | 2021 (Customizable to 2020 - 2015) |
Quantitative Units | Revenue in USD Million |
Segments Covered | By Type (Almond Milk, Coconut Milk, Cashew Milk, Walnut Milk, Hazelnut Milk, Soy Milk, Oat Milk, Rice Milk, Flax Milk, and Others), Product Type (Refrigerated Milk and Shelf Stable Milk), Category (Organic and Conventional), Formulation (Sweetened and Unsweetened), Flavor (Original/Unflavored, Vanilla, Chocolate, Honey, Coconut Blend, Hazelnut Blend, Caramel, Maple, Coffee, and Others), Fortification (Regular and Fortified), Nature (GMO and Non-GMO), Claim (Regular, Gluten Free, Nut Free, Soy Free, Artificial Preservatives & Colour Free, and Others), Packaging Size (Less than 100 ml, 110 ml, 250 ml, 500 ml, 1000 ml, and More than 1000 ml), Packaging Type (Tetra Packs, Bottles, and Can), and Distribution Channel (Store Based Retailers and Non-Store Based Retailers) |
Countries Covered | U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, and the rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific, South Africa, UAE, Saudi Arabia, Kuwait and rest of Middle East and Africa |
Market Players Covered | Silk, Sanitarium, Alpro, RUDE HEALTH, Plenish, Provamel organic-bio, THE HAIN CELESTIAL GROUP, INC., SUNOPTA GRAINS AND FOODS INC., Califia Farms, LLC, NotCo, Valsoia S.p.A, YEO HIAP SENG LTD., Simple FOODS, natur-a, Nutrisslim, Australia's Own, Oatly Inc., Elmhurst Milked Direct LLC, Hershey India Private Limited, Life Health Foods, Manitoba Milling Company, and HP Hood LLC. among others |
Market Definition
Plant-based milk is a beverage made from plants that resemble milk in appearance. Plant milk is a non-dairy beverage flavored and scented with water-based plant extracts. Plant-based milk is consumed as a vegan alternative to dairy milk. Plant-based milk has a creamy texture if compared with dairy milk. For the production of plant milk, various plants are used. Among the most popular plant milk globally are almond, oat, soy, coconut, and cashew nut milk. Since ancient times, people have drank beverages made from plants.
Global Plant-Based Milk Market Dynamics
Driver
- Increase in vegan population around the globe
The vegan market has exponentially increased over the past ten years, making more people turn to plant-based diets each year. The increased health awareness has increased the demand for natural and organic food. This has driven a major part of the population to change their lifestyle and diet drastically. The vegan community concentrates on eating foods that have ingredients or other components that come from plants. The risk of several diseases, such as heart disease, type 2 diabetes, hypertension, certain types of cancer, and obesity, is decreased by properly planned vegan diets, according to the Academy of Nutrition and Dietetics. As a result, some of these vegetarian or vegan customers have begun to pay attention to plant-based milk in their daily diet
Thus, the rapidly growing vegan population around the globe and consumers adopting more vegan vegetarian or flexitarian diets will also increase the market of plant-based food and beverages. This, in turn, will also help drive the global plant-based milk market growth.
Answers That the Plant-Based Milk Market Report Acknowledges:
- Plant-Based Milk Market size and growth rate during forecast period
- Key factors driving the Plant-Based Milk Market
- Key market trends cracking up the growth of the Plant-Based Milk Market.
- Challenges to Plant-Based Milk Market growth
- Key vendors of Plant-Based Milk Market
- Opportunities and threats faces by the existing vendors in Global Plant-Based Milk Market
- Trending factors influencing the market in the geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the Plant-Based Milk Market in the five major regions
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