Press release
Global Plant-based Milk Market to Reach USD 23.4 billion by 2028
According to the most recent study, the United States will account for more than 80% of the North American market in 2021. Consumers in the United States are increasingly preferring plant-based milk to traditional milk. The inherent deficiencies of traditional dairy items, taking lactose intolerance and protein allergies as specific examples, and the pervasiveness of Vegan food are the key driving factors of the growing interest in plant-based beverages. The rise of the flexitarian lifestyle has created numerous opportunities for the development of novel plant-based milk products. Consumer lifestyle changes have a significant impact on the functional food and beverage industry, but population aging, increased chronic-degenerative diseases, and rising healthcare spending are also important drivers.
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China is expected to maintain its dominance in East Asia. Several factors suggest that China's plant-based milk market will expand further during the forecast period. China is expected to account for more than 60% of Asia Pacific sales. Due to a long-standing food tradition of consuming soya products, plant-based milk has a high level of acceptance in China. The rising prevalence of lactose intolerance in Asia will also aid market expansion. The growing population and popularity of the Western diet will also create a favorable environment for market expansion in China.
Read Market Research Report, "Global Plant-Based Milk Market By Source Type (Soy, Almond, Coconut, Rice, Oats, Others), Packaging Type (Bottles, Carton Packaging, Pouches) Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online retail, Others), and Region -Forecast and Analysis 2022-2028" by SkyQuest.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
Market Estimation for 20+ Countries
Global Plant-based milk market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional and Country specific Global Plant-based milk market Trends
Comprehensive Mapping of Global Plant-based milk market Parameters
Attractive Investment Proposition in the Global Plant-based milk market Industry
Competitive Strategies Adopted by Global Plant-based milk market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Plant-based milk market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Global Plant-based milk market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Global Plant-based milk market Sales
Parent market analysis
Product portfolio benchmarking
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SkyQuest has segmented the Global Plant-based Milk Market based on Source Type, Packaging Type, and Region:
Global Plant-based Milk Market by Source Type (Revenue, USD Billion, 2021-2028)
Soy
Almond
Coconut
Rice
Oats
Others
Global Plant-based Milk Market by Packaging Type (Revenue, USD Billion, 2021 - 2028)
Bottles
Carton packaging
Pouches
Global Plant-based Milk Market by Distribution Channel (Revenue, USD Billion, 2021 - 2028)
Supermarkets & Hypermarkets
Convenience stores
Online retail
Others
Global Plant-based Milk Market by Region (Revenue, USD Billion, 2021 - 2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Rest of Middle East & Africa
Key Players in the Global Plant-based Milk Market
Groupe Danone
The Hain Celestial Group Inc.
Vitasoy International Holdings Limited
McCormick & Company
SunOpta Inc.
Pacific Foods of Oregon, Inc.
Goya Foods
Blue Diamond Growers, Inc.
Califia Farms
Ripple Foods
Oatly
Sanitarium
Ecomil
Hiland Dairy
Natura Foods
Earth's Own Food Company Inc.
Edward & Sons
Chef's Choice Food Manufacturer Company Limited
Liwayway Holdings Company Limited
The Bridge s.r.l
Our Stories on other channels:
Global Aluminum Foil Packaging Marke: https://www.digitaljournal.com/pr/global-fishing-rods-market-to-reach-usd-32-3-billion-by-2028/
Global False Eyelashes Market : https://www.digitaljournal.com/pr/the-global-false-eyelashes-market-is-expected-to-reach-a-value-of-us-1-91-billion-by-2028-at-a-cagr-of-6-6-over-the-forecast-period-2021-2028/
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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