openPR Logo
Press release

Plant-based Milk Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031

As per the latest study by Persistence Market Research, the global plant-based milk is set to witness growth at a volume CAGR of 9.1% over the forecast period of 2021 to 2022. Nowadays, plant-based milk is used by the foodservice industry for creating different types of plant-based beverages. Different types of ingredients such as rice, coconut, soy, and others are used in the making of these plant-based milk products, which gives them a unique taste and flavor.

To remain 'ahead' of your competitors, request for a Sample@

Consumers are increasingly using plant-based milk as a dairy-free alternative. Substantial rise in awareness regarding the environmental and health benefits of plant-based products has also increased demand for various diary-free products such as plant-based milk. Manufacturers are also focusing on the launch of numerous plant-based milk flavors to meet rising consumer demand.

Consumption of plant-based milk is witnessing high growth as consumers are shifting toward healthy and adulterated-free beverage items. The consumption pattern of consumers is shaping toward the healthy and nutritious food products, which is subsequently impacting every food & beverage category, and also driving plant-based milk demand.

Key Takeaways from Market Study

The market for plant-based milk is expected to expand at CAGRs of 9.3% and 6.3% in Latin America and Middle East & Africa, respectively, through 2031.
The market share of North America is currently 13.9%.
The European plant-based milk market is currently pegged at 2,148,385.4 '000 liters.
Growing consumer preference for healthy and nutritious beverages is driving the sales of plant-based milk across global markets. Based on type, demand for oat-based milk is expected to increase at a CAGR of 10.5%.
Although by end use the food & beverage industry holds the highest market share, the foodservice industry is set to surge at a CAGR of 9.9%.
The outbreak of COVID-19 had a profound impact on global demand for plant-based milk due to the closure of many businesses, restaurants, and hotels. However, the market is expected to witness significant growth with increasing consumer demand for healthy and nutritious snacking options.

For critical insights on this market, request for customization here@

Competitive Landscape

Companies are offering a variety of plant-based milk products with various flavors and variations. They are also developing pioneering solutions in the field of plant-based milk by utilizing cutting-edge manufacturing techniques and innovative ingredients.

Leading manufacturers are pursuing growth and acquisition strategies with the goal of boosting production capacity. In order to gain a competitive advantage, manufacturers are also attempting to appeal to the growing number of health-conscious consumers.

In May 2020, Groupe Danone expanded its business essential dairy and plant-based (EDP) business in North America. The company is implementing a three-year integration program. Under this program, the company has established a solid operational backbone and planned out essential plant-based elements.
In February 2020, Vitasoy International Holdings Limited launched nutritious protein-rich soy drinks in a new special edition pack. This product range included classic VITASOY, malt VITASOY, low sugar VITASOY, and low sugar malt VITASOY.

For in-depth competitive analysis, buy now@

Read More Trending "PMR Exclusive Article"

Global Market Study on Oat Milk:

Global Market Study on Seaweed Cultivation:

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales -

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

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-based Milk Market Trends, Share, Size, Growth, Opportunity and Forecast to 2031 here

News-ID: 2671390 • Views: 83

More Releases from Persistence Market Research

Continual Inventions To Accelerate The Storage Networking Market
Storage networking, also known as storage area network, is a network used to provide access to a secured, block level data storage. These networks are used to enhance the capacity of mass storage devices (tape libraries, optical jukeboxes and disk arrays) that have access to servers. Storage networking ensures that these storage devices appear as locally attached drives to any operating system. It links all storage devices together in any network
The Mobile Micro Data Center Market To Prove Its Servility To Technological Adva …
The mobile/micro data centers enable consolidation of maintaining, monitoring and storing data. These data centers are compatible with the existing platforms and operating systems, this reduces the time and cost to develop new platforms for micro data centers. Micro data centers primarily deploy high speed connectivity and user-server configuration. This helps the datacenter providers to fulfill the service level agreement with their clients. Additionally, these data centers are as reliable as
Bluetooth Beacon and iBeacon Market is projected to grow at an enormous rate to …
Understanding several aspects of the global Bluetooth beacon and iBeacon market, Persistence Market Research has presented a well-structured analysis on several trends, challenges, opportunities, restraints and drivers impacting the growth of the global market in its recent publication "Bluetooth Beacon and iBeacon Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)". These aspects are studied across key regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa
DC-DC Converter Market is projected to grow significantly to reach US$ 5,448.3 M …
Persistence Market Research (PMR) recently published a report titled "DC-DC Converter Market - Global Industry Analysis 2013-2017 and Market Forecast 2018-2026." There has been an upsurge in the adoption of DC-DC converters in the past three years with the increasing adoption of IoT, increasing demand for enhanced power density, and the increasing adoption of smart grids, energy storage systems, & electric automobiles. The demand for DC-DC converters is expected to

All 5 Releases

More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020