Plant Milk Market Worth to Reach USD 23384.60 MN By 2027
Posted On May 17, 2021
The Global Plant Milk Market report evaluates the market revenue to reach USD 23384.60 MN mark in 2027. The CAGR is expected to be close to 10% from 2021 till the end of 2027 according to the newly published report by Value Market Research. An increasing number of people looking for specialty beverages worldwide is the main trending factor for the plant milk market. The rise in the percentage of people reporting cow milk allergy, lactose intolerance, and prevalence of hypercholesterolemia will benefit market growth. The health-conscious consumers preferring vegan diets and choosing cow milk alternatives will further enhance the market growth. The low cost of plant-based milk alternatives makes it a great inexpensive option, especially for poor economic groups or places where cow's milk supply is insufficient. Several advanced technologies adopted to increase the shelf life, emulsion stability, nutritional completeness, and sensory acceptability of the product will be a market booster. The lack of nutritional balance in plant milk is the main barrier to the market.
Plant milk or vegan milk is a beverage that is used as an alternative to dairy milk. The most commonly used plant milk are pea milk, almond milk, oat milk, coconut milk, peanut milk, rice milk, and soy milk. Plant milk is manufactured using processed extracts of a specific plant. They are comparatively low in nutrient density compared to dairy milk. They can be fortified with precise levels of micronutrients, like calcium and Vitamins A and D during manufacture, and are available in packaged containers similar to dairy milk. Sensory acceptability is a significant limitation for the wide popularity of plant milk. Plant-based beverages are not an inappropriate alternative to breast milk, infant formula, or cow's milk for kids below two years. They are low in protein, fat, calories, and iron.
The market dynamics covered in the report "Global Plant Milk Market Report By Source (Almond, Soy, Coconut, Rice), By Sales Channel (Mainstream Stores, Specialty Stores, Online Natural Food Stores, Others), By Packaging (Carton Packaging, Bottles, Pouches) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.
On the basis of Source the market is segmented into Almond, Soy, Coconut, Rice. By Sales Channel the plant milk market is categorised as Mainstream Stores, Specialty Stores, Online Natural Food Stores, Others. By Packaging the plant milk market is categorised as Carton Packaging, Bottles, Pouches. Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.
The Report Segments Global Plant Milk Market -
By Sales Channel
- Mainstream Stores
- Specialty Stores
- Online Natural Food stores
- Carton Packaging
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Blue Diamond Growers, Earth’s Own Food Company, Oatly AB, Danone S.A., Campbell Soup Company, Califia Farms, Organic Valley, Hain Celestial Group Inc., Elmhurst Milked Direct LLC, Hain Celestial Group Inc., and Ripple Foods.
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