Plant-Based Milk Market Continues to Expand Rapidly in Response to Changing Consumer Preferences Reaching A Market Value Of USD 21.52 Billion By 2028

· The global plant-based milk market is experiencing remarkable growth, driven by the increasing demand for dairy-free alternatives among health-conscious consumers. According to a recent market research report, the plant-based milk market is expected to grow at a CAGR of 10.6% from 2021 to 2028, reaching a market value of USD 21.52 billion by 2028.

· One of the main drivers of the plant-based milk market's growth is the rising awareness among consumers about the health benefits associated with plant-based diets. Plant-based milk is free from cholesterol, lactose, and saturated fat, making it an ideal option for people looking to reduce their intake of animal products. Additionally, plant-based milk is a rich source of vitamins, minerals, and antioxidants that can improve overall health.

· Another significant factor contributing to the growth of the plant-based milk market is the increasing availability and variety of plant-based milk products. Soy milk, almond milk, coconut milk, oat milk, and rice milk are among the most popular options available in the market today. With advancements in food technology and innovation, plant-based milk manufacturers are now able to create products that closely mimic the taste and texture of dairy milk, making them more appealing to consumers.

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Market segmentation:

Key Companies Profile in the Report:
Archer Daniels Midland
Nestle
WhiteWave Foods
Hain Celestial Group
Daiya Foods

By Type:
Legumes
Cereals
Nuts
Seeds

By Application:
Supermarkets and Hypermarkets
Specialist Retailers
Online Retailers




Plant based milk alternatives and their nutrients:

· The dairy case's milk section is no longer what it used to be, as plant-based milk alternatives are increasingly becoming available.

· Although some plant-based milk alternatives use the term "milk" in their name, their nutritional content may vary significantly, and many of them do not have the same amount of calcium, vitamin D, or other nutrients as milk. Only soy beverages that are fortified with calcium, vitamin A, and vitamin D have a nutrient content similar enough to milk to be included in the dairy group in the federal government's Dietary Guidelines for Americans.


· When choosing plant-based milk alternatives, it is important to carefully check the label for the plant source used, processing methods, added ingredients, fortified nutrients such as calcium, sugar content, and protein content.

· The Nutrition Facts label on the packaging can assist in comparing the nutrient content of different plant-based milk alternatives to milk and selecting the best products to meet your nutrient needs.


· While plant-based milk alternatives provide an option for individuals who are allergic to milk or want to avoid dairy products for dietary reasons or personal preference, it is essential to choose products that are higher in protein, vitamin D, calcium, and potassium and lower in saturated fats and added sugars.

· The FDA is working to help consumers better understand the nutritional differences between milk and plant-based milk alternatives by recommending that plant-based milk alternatives that use the term "milk" in their name and have a different nutrient composition from milk include a voluntary nutrient statement that communicates how the product is nutritionally different from milk.




Future outlook:

In summary, the plant-based milk market is expected to continue its rapid growth due to increasing demand from health-conscious consumers, the availability of diverse product options, and growing environmental concerns. Major players in the industry are expected to invest in technology and innovation to improve their product offerings and capture market share. The market presents significant opportunities for retailers, manufacturers, and investors looking to capitalize on the trend towards plant-based diets.

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Conclusion:

In conclusion, the plant-based milk market is a rapidly growing industry driven by changing consumer preferences and concerns for health and the environment. As the market continues to expand, there will be opportunities for new entrants and established players to develop innovative products and capture market share. With increasing consumer awareness and demand, the plant-based milk market is poised for significant growth in the years ahead.




Highlights of the data Analyzed:

· Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2022 & Sales by Product Types.

· Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2021-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.


· Market Analysis by Product Type: The report covers majority Product Types in the Plant Based Milk Industry, including its product specifications by each key player, volume, sales by Volume and Value (M USD).

· Market Analysis by Application Type: Based on the Plant Based Milk Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.


· Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

· Opportunities and Drivers: Identifying the Growing Demands and New Technology.


· Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.



Key Reasons to Purchase:

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> Learn about the market strategies used by the most successful companies in their fields.
> To understand the future outlook and prospects for the market.

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Additional Resources:

Plant-Based Milk Alternatives, FDA
The New Nutrition Facts Label, FDA
Dietary Guidelines for Americans, HHS, USDA
MyPlate, USDA
Draft Guidance for Industry: Labeling of Plant-based Milk Alternatives and Voluntary Nutrient Statements, FDA

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