Global Plant-based Milk Market Size Likely to Reach a CAGR

Austin, TX, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Plant-based Milk Market Size, Trends and Insights By Type (Soy Milk, Oat Milk, Coconut Milk, Almond Milk, Rice Milk, Others), By Form (Liquid, Powder), By Flavor (Unflavored, Flavored), By End-use (Infant Formula, Dairy Products, Bakery & Confectionary, Others), By Distribution Channel (Direct, Indirect), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global Plant-based Milk Market size & share was valued at approximately USD 15 Billion in 2022 and is expected to reach USD 16.87 Billion in 2023 and is expected to reach a value of around USD 30 Billion by 2030, at a compound annual growth rate (CAGR) of about 9% during the forecast period 2022 to 2030.”

CMI research report offers a 360-degree view of the Plant-based Milk market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Plant-based Milk market.

Click Here to Access a Free Sample Report of the Global Plant-based Milk Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=22234

Plant-based Milk Market: Overview

Given the rising prevalence of hypercholesterolemia among consumers, greater lactose intolerance, and worries about calories, plant-based milk is considered the ideal milk substitute for dairy beverages. Additionally, a growing inclination for vegan diets drives customers to select cow milk alternatives. To draw in more customers, food and beverage producers are also developing novel and unique items using plant-based sources.

Growth Factors

With the ongoing demand from customers for products to be reformulated without synthetics and artificial additives, the clean label trend is not showing any signs of slowing down. The usage of plant-based milk is anticipated to increase as the demand for “clean label” products keeps rising.

Suppliers want to capitalize on this trend as millennials, and others of Generation Z look for sustainable, healthful plant-based replacements to traditional necessities like milk. Plant-based milk has become increasingly popular due to the sharp increase in demand for plant-based protein sources. Particularly among millennials, who comprise a sizeable portion of the consumer population, interest in veganism is rising. For competitors in the market for plant-based milk, this has presented growing potential.

Click Here to Get a Free Sample Report of the Global Plant-based Milk Market @ https://www.custommarketinsights.com/report/plant-based-milk-market/

The prevalence of lactose sensitivity has prompted people to choose alternatives that don’t contain dairy. Governments and health organizations have made a number of recommendations aimed at managing lactose intolerance effectively, one of which is to choose lactose-free milk and dairy products, hence fostering the market for plant-based milk.

Even while plant-based milk is becoming increasingly popular with health-conscious customers, the relatively lower protein level in these dairy substitutes is expected to impact the product’s overall consumption. Another difficulty for producers of plant-based milk is the time-consuming legal and regulatory inspection procedure, as industry associations forbid producers from using labelling that can mislead customers about the product’s nutritional content.

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Segmental Overview

The market for Plant-based Milk is segmented into type, form, flavor, end-use, and distribution channel. Due to its high protein content and widespread consumer appeal, the soy milk sector held the largest market share of more than 50% in 2021. Through the projected period of 2022–2030, Soya Milk is also anticipated to post a CAGR of above 10%. Better flavor and a wider selection of flavors are available in plant-based milk. Due to its low-fat content and accessibility of flavor in the plant-based milk market, almond milk is progressively increasing its market share to about 40%.

Regional Overview

In terms of revenue share among the regional markets, the North American market is anticipated to rule the global Plant-based Milk market over the expected time frame. High nutritional value and one of the most well-liked dietary trends among consumers, the vegan diet, drive consumer demand for plant-based milk. Additionally, the prevalence of illnesses connected to lactose intolerance among consumers will increase demand for plant milk from the United States and Canada. Similar to how consumers’ increased sensitivity to lactose and other ailments would increase demand for plant milk in Canada and the United States.

(A free sample of the Plant-based Milk report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Plant-based Milk report has been modified to include the COVID-19 impact study prior to delivery.)

Request a Customized Copy of the Plant-based Milk Market Report @ https://www.custommarketinsights.com/report/plant-based-milk-market/

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 13 Billion
Projected Market Size in 2030	USD 30 billion
Market Size in 2022	USD 15 Billion
CAGR Growth Rate	9% CAGR (2022-2030)
Base Year	2022
Forecast Period	2023-2032
Prominent Players	Groupe Danone., The Hain Celestial Group Inc., Pacific Foods of Oregon Inc., Vitasoy International Holdings Limited. , Turtle Mountain LLC., Natura Foods, Sunopta Inc., Alpina Foods., Freedom Foods Group Ltd., Mc Cormick & Co., Goya Foods., Earth’s Own Food Company Inc., The Hershey Company., The Bridge s.r.l. Kaslink Foods Oy Ltd., Edward & Sons., Blue Diamond Growers Inc., Chef’s Choice Food Manufacturer Company Limited., Liwayway Holdings Company Limited, and Others
Key Segment	By Type, Form, Flavor, End-use, Distribution Channel, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Competitive Landscape

Our market analysis includes a section specifically devoted to key players operating in the Plant-based milk market. Our analysts give an overview of each player’s financial statements, product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

2022: Southeast Asia’s top supplier of plant-based protein Green Rebel launched its new category, Creamy Crew, which comprises cheese, sauces, and dressings.

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Key questions answered in this report:

What is the size of the Plant-based Milk market and what is its expected growth rate?
What are the primary driving factors that push the Plant-based Milk market forward?
What are the Plant-based Milk Industry's top companies?
What are the different categories that the Plant-based Milk Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Plant-based Milk market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Some of the prominent players

Groupe Danone.
The Hain Celestial Group Inc.
Pacific Foods of Oregon, Inc.
Vitasoy International Holdings Limited.
Turtle Mountain LLC.
Natura Foods, Sunopta Inc.
Alpina Foods.
Freedom Foods Group Ltd.
Mc Cormick & Co., Goya Foods.
Earth’s Own Food Company Inc.
The Hershey Company.
The Bridge s.r.l. Kaslink Foods Oy Ltd.
Edward & Sons.
Blue Diamond Growers, Inc.
Chef’s Choice Food Manufacturer Company Limited.
Liwayway Holdings Company Limited.
Others

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/plant-based-milk-market/

The global Plant-based Milk market is segmented as follows:

By Type

Soy Milk
Oat Milk
Coconut Milk
Almond Milk
Rice Milk
Others

By Form

Liquid
Powder

By Flavor

Unflavored
Flavored

By End-use

Infant Formula
Dairy Products
Bakery & Confectionary
Others

By Distribution Channel

Direct
Indirect

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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

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Browse the full “Plant-based Milk Market Size, Trends and Insights By Type (Soy Milk, Oat Milk, Coconut Milk, Almond Milk, Rice Milk, Others), By Form (Liquid, Powder), By Flavor (Unflavored, Flavored), By End-use (Infant Formula, Dairy Products, Bakery & Confectionary, Others), By Distribution Channel (Direct, Indirect), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/plant-based-milk-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

Click Here to Access a Free Sample Report of the Global Plant-based Milk Market @ https://www.custommarketinsights.com/report/plant-based-milk-market/

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Comprehensive coverage
Maximum number of market tables and figures
The subscription-based option is offered.
Best price guarantee
Free 35% or 60 hours of customization.
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25% discount on your next purchase.
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Personalized market brief by author.

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This Plant-based Milk Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Plant-based Milk Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Plant-based Milk Market? What Was the Capacity, Production Value, Cost and PROFIT of the Plant-based Milk Market?
What Is the Current Market Status of the Plant-based Milk Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Plant-based Milk Market by Considering Applications and Types?
What Are Projections of the Global Plant-based Milk Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Plant-based Milk Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Plant-based Milk Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Plant-based Milk Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Plant-based Milk Industry?

Click Here to Access a Free Sample Report of the Global Plant-based Milk Market @ https://www.custommarketinsights.com/report/plant-based-milk-market/

Reasons to Purchase Plant-based Milk Market Report

Plant-based Milk Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Plant-based Milk Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Plant-based Milk Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Plant-based Milk Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Plant-based Milk market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/plant-based-milk-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Plant-based Milk market analysis.

The competitive environment of current and potential participants in the Plant-based Milk market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Plant-based Milk market should find this report useful. The research will be useful to all market participants in the Plant-based Milk industry.

Managers in the Plant-based Milk sector are interested in publishing up-to-date and projected data about the worldwide Plant-based Milk market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Plant-based Milk products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

Request a Customized Copy of the Plant-based Milk Market Report @ https://www.custommarketinsights.com/report/plant-based-milk-market/

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