Montreal, March 27, 2023 (GLOBE NEWSWIRE) -- Data Bridge Market Research completed a qualitative study titled "Plant-Based Milk Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. By working with a number of steps of collecting and analyzing market data, the first-class Plant-Based Milk market research report is framed with the expert team. Being an outstanding resource of market info, the report provides recent as well as upcoming technical and financial details of the industry to 2030. The market study and analysis of this business report also lend a hand to figuring out types of consumers, their views about the product, their buying intentions, and their ideas for the advancement of a product. The wide-ranging Plant-Based Milk report comprises of various segments linked to the Plant-Based Milk industry and market with comprehensive research and analysis.
A worldwide Plant-Based Milk market research report directs the manufacturer about planning of advertising and sales promotion efforts and makes it more effective. The report consists of all the detailed profiles for the Plant-Based Milk market’s major manufacturers and importers who are influencing the market. This market survey provides key information about the Plant-Based Milk industry such as helpful and important facts and figures, expert opinions, and the latest developments across the globe. An influential Plant-Based Milk market study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period derived with the help of SWOT analysis.
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.
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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.
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.
Fundamental Aim of Plant-Based Milk Market Report
In the Plant-Based Milk market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
- Factors influencing the Plant-Based Milk Market Size and growth rate.
- Major alterations to the Plant-Based Milk Market in the near future.
- Notable Market rivals around the world.
- The Plant-Based Milk Market's Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
- Sales data and profiles of the world's leading Plant-Based Milk manufacturers
Recent Developments
- In January 2023, Reitan, a major retailer in the Nordic and Baltic region, and Oatly Inc. recently announced the expansion of their relationship. Reitan owns and operates about 300 Pressbyrn and 90 7-Eleven convenience stores throughout Sweden. This partnership will help the company boost its business and attract a new consumer base
- In 2021, Silk announced its new product launch, Silk Oat. This launch has given the company a larger portfolio, attracting a larger consumer base
The Plant-Based Milk Market is Dominated by Firms Such as
- 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
- HP Hood LLC
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The analysis objectives of the report are:
- To know this Market size by pinpointing its sub-sections
- To investigate the sum and estimation of this Market, contingent upon key areas
- To consider the significant players and investigate their development plans
- To investigate this Market concerning development patterns, possibilities, and furthermore their interest in the whole area
- To analyze this market size (volume and worth) from the organization, basic locales/nations, items and application, foundation data
- Essential overall this Market fabricating organizations, to indicate, explain, and examine the item deals sum, worth and piece of the pie, market contention scene, SWOT investigation, and improvement plans for future.
- To analyze serious advancements, for example, extensions, courses of action, new item dispatches, and acquisitions available.
Opportunities:
- Growing new product launches and new partnerships, acquisition among key players
Consumers, food, and beverage manufacturers are making various developments and strategic decisions to grow their businesses to cope with the growing demand for plant-based foods such as plant-based milk. From new product launches to investments to acquisitions, the market's top players are evolving their business practices and expanding their product portfolios.
Thus, such developments will further draw growth opportunities for the global plant-based milk market and will further attract more and more consumers to the nut-based milk market.
Key Market Segments Covered in Plant-Based Milk Industry Research
BY TYPE
- Oat Milk
- Almond Milk
- Coconut Milk
- Rice Milk
- Cashew Nut Milk
- Walnut Milk
- Hazelnut Milk
- Flax Milk
- Others
BY PRODUCT TYPE
- Refrigerated Milk
- Shelf Stable Milk
BY CATEGORY
- Conventional
- Organic
BY FORMULATION
- Unsweetened
- Sweetened
BY FLAVOR
- Original/Unflavored
- Vanilla
- Chocolate
- Coffee
- Coconut Blend
- Caramel
- Hazelnut Blend
- Maple
- Others
BY FORTIFICATION
- Regular
- Fortified
BY NATURE
- Non-GMO
- GMO
BY CLAIM
- Regular
- Gluten Free
- Artificial Preservatives & Color Free
- Soy Free
- Nut Free
- Others
BY PACKAGING SIZE
- 1000 ML
- 250 ML
- 500 ML
- 110 ML
- More Than 1000 ML
- Less Than 100 ML
BY PACKAGING TYPE
- Tetra Packs
- Bottles
- Can
BY DISTRIBUTION CHANNEL
- Non-Store Retailers
- Store Based Retailers
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Key Growth Drivers:
- 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.
Plant-Based Milk Market Regional Analysis/Insights:
Some countries in the plant-based milk market report are the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, rest of Europe, Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, rest of Asia-Pacific, Brazil, Argentina, and the Rest of South America, South Africa, Saudi Arabia, United Arab Emirates, Kuwait, and rest of Middle East and Africa
Asia-Pacific is dominating the global plant-based milk market due to the increasing use of plant-based milk, and the market players' promotional activities are boosting the demand for plant-based milk products.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Plant-Based Milk Market: Regulations
- Market Overview
- Global Plant-Based Milk Market, By Type
- Global Plant-Based Milk Market, By Product Type
- Global Plant-Based Milk Market, By Category
- Global Plant-Based Milk Market, By Formulation
- Global Plant-Based Milk Market, By Flavor
- Global Plant-Based Milk Market, By Fortification
- Global Plant-Based Milk Market, By Nature
- Global Plant-Based Milk Market, By Claim
- Global Plant-Based Milk Market, By Packaging Size
- Global Plant-Based Milk Market, By Packaging Type
- Global Plant-Based Milk Market, By Distribution Channel
- Global Plant-Based Milk Market, By Region
- Global Plant-Based Milk Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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Explore More Reports:
- Europe Plant-Based Milk Market, 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) https://www.databridgemarketresearch.com/reports/europe-plant-based-milk-market
- Middle East and Africa Plant-Based Milk Market, 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) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-plant-based-milk-market
- Asia-Pacific Plant-Based Milk Market, 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) https://www.databridgemarketresearch.com/reports/asia-pacific-plant-based-milk-market
- North America Plant Based Milk Market, 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) https://www.databridgemarketresearch.com/reports/north-america-plant-based-milk-market
- Milk Protein Market, By Type (Milk Protein, Whey Protein, Casein Protein), Livestock (Buffalo, Cow, Goat), Form (Dry, Liquid), Functionality (Colour/Flavour, Emulsification, Foaming, and Thickening, Gelation, Heat Stability), Processing Method (Creaming and Homogenization, Drying, Filtration, Pasteurization, Spray Drying), Brand (Avonlac & Thermax, Excellion, Hiprotal, Germanprot, Germanmicell, Hyfoama, Versawship, and Hygel, Hyprol, Lacprodan, Provon, Prolacta, Pronativ, Sureprotein, Solmiko, Solago, Refit, Ultranor), Application (Bakery Product, Dairy Products, Sport Nutrition, Confectionery, Beverages, Dietary Supplements), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-milk-protein-market
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- Milk Protein Concentrates Market, By Ingredient Type (Total Milk Proteins, Co-Precipitates, Milk Protein Isolates, Blends, Others), Preparation Method (Co-precipitation, Division by Ultra-Filtration), Nature (Organic, Conventional), Form (Powder, Liquid), Content (85%,70%-85%, 70%), Application (Dairy Items, Nutrition Items, Cheese Items, Others), End Use (Dietary Supplements, Dairy Products, Infant Formula, Emulsifier, Sports Nutrition, Bakery and Confectionary), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-milk-protein-concentrates-market
- Milk Powder Market, By Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder), End Use (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Household, Foodservice Industry and Others), Distribution Channel (Business to Business, Business to Consumer), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-milk-powder-market
- Milk Chocolate Market, By Type (Conventional Milk Chocolate, Organic Milk Chocolate), Form (Bar, Candies, Chocolate Coated Nuts, Chocolate Chips, Other Forms), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), Application (Food and Beverages, Personal Care and Cosmetics, Pharmaceuticals, Others) https://www.databridgemarketresearch.com/reports/global-milk-chocolate-market
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