openPR Logo
Press release

Plant Milk Market Professional Survey Report by 2017-2024

Plant Milk Market

Plant Milk Market

The growing trends of veganism, negative health effects of hormones present in dairy milk, and the rising prevalence of lactose intolerance have emerged as some of the driving forces that have contributed to the phenomenon of patrons shifting base from consuming dairy milk to plant milk. Driven by their massive benefits, the launch of dairy alternatives has risen by 20% between 2012 and 2016. Plant Milk Market size is estimated to exceed USD 21 Billion by 2024; according to a new research report by Global Market Insights.

Get sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/2250

The health benefits of drinking dairy milk were popularized since the beginning of the 20th century. Dairy milk, however, has been deemed unsuitable for many – perhaps this is one of the many factors for the evolution of plant milk market. At a time when dairy milk demand rose to a peak, cows were turned into milk yielding machines through various unnatural processes that led to a number of production related diseases in cows - udder infection or mastitis and lameness among which were most common. Cows had also been genetically manipulated and injected with many high milk yielding hormones, that resulted in dairy milk becoming an alarming cocktail of progesterone, cortisone, estrogen, leptin, prolactin etc., which are ideally not supposed to be consumed by humans. As awareness about the downsides of consuming dairy milk had begun to make rounds, consumers, mainly concerned parents and health enthusiasts, shunned dairy milk in favor of plant milk. ProVeg, an international organization dedicated to increase food awareness and decrease the planet’s meat consumption, has stated that the dairy industry "is in crisis". This trend has been noted in UK as the number of dairy farms have gone down from 13,000 to 9,500 in a decade and is estimated to be around 5,000 by 2025. Consequently, what has been lost by the dairy industry has helped the plant milk market evolve as a niche vertical. In fact, the expansion of plant milk industry is inherently noteworthy from the fact that leading dairy manufacturers such as Elmhurst Dairy in Queens, New York, have ceased to produce dairy milk and have shifted to manufacturing a range plant-based milks, thereby establishing their stance in plant milk market.

The Plant Milk Market size has registered an impressive growth since the last decade, as the popularity of plant milks such as soy milk, coconut milk, almond milk, cashew milk and others, extracted from a variety of grains, nuts and legumes has been rising exponentially.

Plant milk is obtained from numerous sources - soy, coconut, almond, cashew, rice, oats, hazelnut and walnuts, though soy, almond, coconut and rice essentially form the source landscape of plant milk market. Soy in fact, has been the oldest option available when it comes to choosing dairy milk alternatives – as per estimates, soy-based plant milk market size is projected to be over USD 8 billion by 2024. Alternatively though, plant milk industry share from coconut milk and almond milk has also witnessed steady growth, given the rising consumer demands for more alternatives and a wider variety of flavors. Coconut-based plant milk market has been projected to witness a 13% CAGR over 2017-2024, driven by the demand of lauric acid present in coconuts that helps in lowering blood pressure and controlling cholesterol levels and the fact that coconut milk helps in weight loss, improves digestion and controls blood sugar levels. It has been observed that plant milk industry has lately been attracting a wide spectrum of consumers, as these basic sources are being made compatible to be consumed with coffee or cereals. Furthermore, they are also made available in different flavors like strawberry, peppermint, vanilla and chocolate, which has considerably increased the popularity of plant milk market.

The increasing awareness regarding health and empathy toward animals has led to plant milk market registering substantial growth in North America. Estimates claim that this region accounted for 25% of the overall plant milk market share in 2016. Furthermore, health issues arising from the usage of bovine growth hormones has prompted the governments of countries like Canada, Australia, Israel, the European Union, Japan and New Zealand to ban the use of such hormones. This regulation has hit the dairy milk market of these countries and has indirectly boosted plant milk market. Lactose intolerance, milk allergy and more compassionate food choices are also common factors that are making urbanized and mindful customers choose alternative milk sources, which has led to analysts projecting plant milk market to surpass 10 billion liters by 2024.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/plant-milk-market

It is prudent to mention that plant based milks also come with certain drawbacks that have not entirely escaped controversy. It has been pointed out in some analytical reports that the actual nut content in nut based plant milks is as low as 2 percent. Plant based milks are not as nutrient rich as dairy milk and is not recommended for growing children who need nutrient rich diets rather than low fat ones. However, leading plant milk industry players have not been deterred by these minor drawbacks, and have in fact, come up with new products with more basic ingredients and healthier aseptic packaging. These products contain more of the fundamental ingredients, be it legumes, nuts or grains and contain less emulsifiers and thickeners. For instance, almond milk has been criticized severely, as too much water is required to produce a single nut. However, continual R&D activities by plant milk industry experts have helped decrease the amount of water required to cultivate a pound of Californian nuts by 33%. Plant milk market will thus continue to maintain a projectile growth graph as consumers are expected to lean toward a more ecofriendly means of attaining good health through natural food sources with less chemicals involved.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Explore Our Blog @ http://algosonline.com/news

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plant Milk Market Professional Survey Report by 2017-2024 here

News-ID: 1105975 • Views: 227

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Plant

Plant-based Biologics
Increasing demand for biologics for various chronic diseases and rising investment in R&D for the production of biologics is expected to contribute significantly to the growth of plant-based biologics market. According to Biotechnology Innovation Organization (BIO) 2015, over 250 biologic therapies and vaccines have changed the lives of hundreds of millions of patients. Moreover, according to the same source, over 900 biologics are currently (2018) under the stage of development
Plant Based Beverages Market
https://www.qandqmarketresearch.com/reports/7360187/plantbased-beverages-market-87 Plantbased products include plantbased beverages that are further classified into plantbased dairy alternatives, juices, and readytodrink beverages. The plantbased beverages segment is expected to witness a growing CAGR of 6.5% by 2025, owing to the changing eating habits of consumers. Consumers are more conscious about health and wellness than before, and want to consume products that are healthy and natural without compromising on the taste and flavor of the product. Increasing
Plant Science Conference 2018
Meetings International proudly announces the Global Experts Meeting on International Conference on Plant Science scheduled on October 25-27, 2018 in Paris, France, with a theme of “Explore the Scope of Plant Science". Meetings International (Meetings Int.) is a global leader in producing high quality conferences, meetings, workshops and symposia in all major fields of science, technology and medicine. Since its inception, Meetings Int. has been associated with national and international associations,
Plant Science Conference 2018
Meetings International proudly announces the Global Experts Meeting on International Conference on Plant Science scheduled on October 25-27, 2018 in Paris, France, with a theme of “Explore the Scope of Plant Science". Meetings International (Meetings Int.) is a global leader in producing high quality conferences, meetings, workshops and symposia in all major fields of science, technology and medicine. Since its inception, Meetings Int. has been associated with national and international associations,
Documentation per plant map
IT is what makes many process innovations possible – also in plant engineering and construction. With a plant map developed specially for heat transfer plants, the Bielefeld plant engineering company heat 11 goes in completely new directions when creating its operating and maintenance manuals. Companies of the plant engineering and construction have to establish mostly extensively documentations such as operating and maintenance manuals together with their products. Many set of rules
Innovative Plant Nutrition Software
SMART Fertilizer Management is an authoritative and user-friendly algorithmic platform of chemical, agro and technical data, which has been field-tested in commercial agriculture in over 300 sites worldwide. SMART Fertilizer Management is the first comprehensive, multi-process software system for managing fertilizer utilization, in any conditions and for any fertilizers. It takes into account the multiple factors required in optimizing fertilizer use for agriculture. SMART allows growers to save tens of