openPR Logo
Press release

Global Plant-Based Milk Market Is Expected To Take A Strong Growth & Will Reach The Market Size Of USD 25 Billion By 2026

01-19-2022 10:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Bonafide Research

Global Plant-Based Milk Market Is Expected To Take A Strong

Plant based milk is an alternative to Dairy Milk, which is made from base ingredients like Soy, Almond, Oat, Rice, Coconut, Cashew, Hazelnut, Hemp, Pea and others. It is of two types, Plain Milk or Flavoured Milk. Flavoured plant milks come in varied flavours like Chocolate, Strawberry, Vanilla, and Coffee, Hazelnut, Mocha, Berry, Banana, Coconut and others. The global climatic changes, increasing deforestation, lactose intolerance, gastric problems, indigestion and animal cruelty has led to a push to the vegan or plant based food products. Given this reasons, increasingly people around the globe are turning vegetarian, vegan, or even flexitarian. The vegan trend is in the air, due to its large presence over various social media platforms over the internet. It plays a pivotal role in luring the young demographics to turn to plant based milk.

To avail the sample report for free: https://www.bonafideresearch.com/samplereport/211229761/global-plant-based-milk-market

According to the research report “Global Plant Based Milk Market Outlook, 2026" published by Bonafide Research, the plant based milk market is expanding speedily to attain revenue of USD 25 Billion by the end of forecast period. The global plant based milk market is three times more than plant based meat market, which is prudent that plant based milk market is a matured market. The Asia Pacific milk market has exorbitant percentage in the Global Plant Based Milk Market as it is an agricultural land. By value, the plant based milk market is 50% to 60% of the Global Dairy Alternative Market. Soy milk is one of the oldest plant based milk and so it is widely available and has massive acceptance globally. Whereas, Almond milk has recently captivated, vital reason being soy milks allergenic property. The report analyses influential trends that are currently determining the growth of the market. It further, interprets important dynamics, such as the drivers, restraints, and opportunities for key market players and also the new entrants with the manufacturing of the plant based milk market. The analyses also state the upholding of the future status of the plant based milk market over the forecast period. A detailed overview of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the plant based milk market, along with their product portfolios, enhances the reliability of this extensive research study.

Growing number of population is turning vegan and the 2020 statistics shows there are 5% vegans, 20% flexitarian and 11% vegetarians around the globe. People in the western countries are more inclined towards plant based milk than the developing countries. Widespread awareness of consuming plant based foods and its positive impacts on health are a major driver for this market. Obesity is on the rise, globally irrespective of varied food cultures in different regions of the world. Plant based milk provides more energy, improves health, balances body weight and adds flavour to milk.

Middle East & Africa plant based milk market is in its nascent stage and so is an emerging market during the forecast period. Oat milk has paved its way to become one of the fastest growing markets during the forecast period with a power to cross over 10% market share globally. The other types of milk like Cashew milk, Hazelnut milk are also gaining traction in the market, as consumers are always on a spur to taste new variants. The flavoured plant based milk market is expected to grow enormously, as manufacturers are bringing new flavours on the shelf like Berry, Hazelnut, Coffee, Mocha and Coconut. While, Chocolate, Vanilla and Strawberry are well established and have succeeded in capturing majority of the market share. Online sales of plant based milks is rapidly expanding as they offer discount schemes and free home delivery options. Today’s busy consumers want to enjoy the easy accessible shopping through their luxury home space. Many one-stop shops have put themselves on the web to ease the purchasing process for the consumers. Leading supermarket chains have their own online shopping apps which further paves the market to succeed.

The Covid-19 pandemic has negatively impacted the world economy at large. Major economies were hit hard resulting in decline of GDP to a significant extent. The demand and supply chain disruption led to a decline of plant based milk market in 2020 to a noticeable point. With the tourism industry coming to an halt altogether, the plant based milk market being inversely related suffered. However, the pandemic is now being seen as an advantage to plant based food products, as consumers moving towards healthy food eating habits. Consumers want to refrain from any animal origin product due to spread of diseases.

Major Companies present in the market:
The Hain Celestial (US), Blue Diamond Growers (US), SunOpta (Canada), Sanitarium Health and Wellbeing Company (Australia), Danone (France), Freedom Foods Group (Australia), Earth’s Own Food Company (Canada), Triballat Noyal (France), Valsoia S.p.A (Italy), Panos Brands (US), Melt Organic (US), Oatly (Sweden), Living Harvest Foods (US), Ripple Foods (US), Kite Hill (US), Califia Farms (US), Hudson River Foods Inc. (US), Daiya Foods Inc. (Canada), Pureharvest (Australia), Yoconut Dairy Free (US), and Yumbutter (US)

Considered in this report
• Geography: Global
• Base year: 2020
• Estimated year: 2021
• Forecast year: 2026

Aspects covered in this report
• Global plant based milk market with its value and forecast along with its segments
• Region-wise plant based milk market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• North America
• Europe
• Latin America
• Asia-Pacific
• Middle-East & Africa

Types of milk in the report
• Soy milk
• Almond milk
• Coconut milk
• Rice milk
• Oat milk
• Other milk (Cashew, hazelnut, other)

Type of milk by formulation:
• Plain milk
• Flavoured milk

Type of milk by flavour:
• Chocolate
• Vanilla
• Strawberry
• Berry
• Hazelnut
• Others (Coffee, coconut, mocha)

By Sales Channel:
• Supermarkets/Hypermarkets
• Convenience Stores
• Online
• Others (Airports, gas station, Cafes, Health shops)

Table of Content:
1. Executive Summary
2. Report Methodology
3. Global Plant Based Milk Market Outlook
3.1. Market Size By Value
3.2. Market Share
3.2.1. By Company
3.2.2. By Source
3.2.3. By Formulation
3.2.4. By Sales Channel
3.2.5. By Region
3.2.6. By Country
4. North America Plant Based Milk Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Source
4.2.2. By Formulation
4.2.3. By Sales Channel
4.2.4. By Country
…continue

To Access Complete Report: https://www.bonafideresearch.com/product/211229761/global-plant-based-milk-market

Related Reports:
North America Plant-Based Milk Market
Europe Plant-Based Milk Market
Asia-Pacific Plant-Based Milk Market
Middle East & Africa Plant-Based Milk Market
Latin America Plant-Based Milk Market

T-12/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Bonafide Research
Steven Thomas, AM - Content Marketing sales@bonafideresearch.com
Asia-Pacific: +91 7878231309 / +61 2 8091 2123
North America: +1 201 793 8545
Toll Free- +44 800 1026595
https://www.bonafideresearch.com/

Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day.

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 Global Plant-Based Milk Market Is Expected To Take A Strong Growth & Will Reach The Market Size Of USD 25 Billion By 2026 here

News-ID: 2531785 • Views: 140

More Releases from Bonafide Research

Global Kitchen Hood Market Is Expected To Grow With The CAGR Of More Than 4.9% B …
A kitchen hood, exhaust hood, or range hood is a device containing a mechanical fan that hangs above the stove or cooktop in the kitchen. It removes airborne grease, combustion products, fumes, smoke, heat, and steam from the air by evacuation of the air and filtration. Although largely overlooked, a range hood is one of the most important appliances in the kitchen. They are designed to remove odors, heat, and
Global Halal Food & Beverage Market Is Anticipated To Grow With The CAGR Of More …
The word "halal" means "permissible". As per Islamic laws and traditions, halal food and beverages refer to only those edible items which are permissible to consume. The rules are however not only limited to what to eat but also enlists rules and regulations as to how the food has to be raised, slaughtered and processed. The global halal food and beverages market is one of the fastest emerging consumer markets
Global Baby Car Seat Market is expected to grow with the CAGR of more than 8% by …
A child car seat, or a child restraint system, a child seat, a seat designed specifically to protect children from injury or death during vehicle collisions. Each year, thousands of young children are killed or injured in car crashes. Proper use of car safety seats helps keep children safe. High disposable income and increasing spending on passenger cars are also creating a positive impact on the baby car seat market.
Global Water Purifier Market is anticipated to cross the market size of USD 65 B …
The water purifier in a simpler term is defined as a device used to decontaminate the water from harmful substances, chemicals, pathogens, microorganisms, and other dissolved solids and to make it portable. A recent addition to a database of Bonafide Research- titled "Global Water Purifier Market Outlook, 2026" provides an in-depth insight of the market size by value and volume, analyzes the trends on factors like by types (Counter Top,

All 5 Releases


More Releases for Milk

Dairy Alternative Market analysis report with Major Products- Soy Milk, Almond M …
Dairy Alternative Market Insights and Trends: The latest Market report by a Data Bridge Market Research with the title [North America Dairy Alternative Market - Industry Trends and Forecast to 2026] . The Dairy Alternative report helps you to be there on the right track by making you focus on the data and realities of the industry. The Dairy Alternative report provides market potential for each geographical region based on the
Liquid Milk Market
https://www.qandqmarketresearch.com/reports/7239773/liquid-milk-market-98 In 2017, the global Liquid Milk market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Liquid Milk market based on company, product type, application and key regions. This report studies the global market size of Liquid Milk in key regions like North America, Europe, Asia
Toddler Milk Powder Market
In 2017, the global Toddler Milk Powder market size was million US$ and is forecast to million US in 2025, growing at a CAGR of from 2018. The objectives of this study are to define, segment, and project the size of the Toddler Milk Powder market based on company, product type, application and key regions. This report studies the global market size of Toddler Milk Powder in key regions like
Coconut Milk Market, Coconut Milk Market Trends, Coconut Milk Market Share, Coco …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Coconut Milk Market: Global Industry Analysis and Opportunity Assessment 2017-2027” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Request Sample Copy of Coconut Milk Market
Milk thistle
Niryas.com : Milk thistle is also well-known as ‘Mary thistle’ and is for the most part, used to take care of liver problems. It is a flowering plant that belongs from the same family of daisy plants and also includes other plants like sunflowers. It grows mainly in Mediterranean countries and is used to make natural remedies. It has been used for over 2,000 years. Milk thistle is in the
Soy Milk Processing Unit
MBSPL has launched Business Feasibility Study Report + Business Model + Business Plan and Project Report – Soy Milk Processing Unit, helps entrepreneurs in getting started. According to MBSP’s latest report, Indian Soy based processed food products (SBPFP) industry is growing at a CAGR of 5.6% from past 5 years, and will grow at a CAGR of 6% from 2017 to 2022. This growth is driven by increasing demand of