The world is currently experiencing a huge challenge which has affected all the industries and markets. Few markets have experienced a high growth in their demand while others have faced a downfall. The extent of growth or drop in the market statistics of different industries by COVID 19 plays an important role in how the future of businesses will shape up in the near future. We at Value Market Research provide you with an impact analysis of COVID 19 on this market with its latest update in the purchased version of 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, 2021-2028
ID:VMR11214240
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Plant Milk Market Overview
The key driver impacting the plant milk market is the growing cases of lactose intolerance and milk allergies. for instance, according to the National Institute of Health (NIH), in adults, lactose intolerance shows up most frequently in East Asian heritage people, affecting 70 to 100% of the population. Also, as per Encyclopaedia Britannica, the condition affects around 75 to 90% of native Americans, Asians, black people, Mediterranean, and Jewish people. About 5% of northern and central Europeans have lactose intolerance. Moreover, the nutritional benefits offered by plant-based dairy alternatives are estimated to be a significant factor that positively impacts market growth.
The growing preference of consumers for a vegan diet is estimated to augment plant milk demand in the forecast period. For instance, as per the food revolution network, in the U.S., there was around 600% rise in people identifying as vegans in the last three years. Similarly, in the UK, people who are identifying as vegans have raised by 350%. However, the volatility in prices of raw material prices may hamper the global plant milk market in the long run. also, the high cost of plant milk as compared to dairy milk is negatively impacting the market. the current industry trends, such as the rising demand for milk alternatives and the increasing consumer awareness about the vegan diet, are expected to provide market players with new market opportunities.
The plant milk market is vast, with many local and global players. the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, contracts, extending product portfolio, acquisitions, expansions, and product upgrades to raise their market share across the globe. for instance, In 2019, Earth’s Own Food Company Inc. successfully extended its plant-based beverage line-up to a fresh, delicious flavor, Chocolate Oat. the product is readily available across retailers to meet the changing consumer demand. the known players included in the report are 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.
In this research report, the plant milk market is segmented by source, sales channel, packaging, and region.
Analysis by Source:
By source, the report is categorized into almond, soy, coconut, and rice. The almond milk segment dominates the application segment with over 40% share in 2020. It is due to the high acceptance of almond milk among consumers due to its high nutritional values and rich in vitamins, carbohydrates, minerals, and proteins. Moreover, it has a range of applications in the dairy industry, food, beverage, and cosmetic industry that drive the demand for almond milk in the forecast period.
Analysis by Sales Channel:
By mainstream stores, the report is categorized into specialty stores, online natural food stores, and others. Mainstream store account dominates the sales channel segment with over 70% share in 2020. It is due to the increasing convenience store across the globe due to growing disposal income that will propel the plant-based market growth. Moreover, consumers preferred convenience shopping contributes to the high demand from a mainstream stores in the forecast period.
Analysis by Packaging:
By packaging, the report is categorized into carton packaging, bottles, and pouches. Carton packaging dominates the packaging segment with over 69% share in 2020. It is due to the rising demand for packaged food products due to disposable income and urbanization that will lead the carton packaging market growth. Moreover, the packaged food is easy to carry for transportation with recycling properties, and consumers are fascinated by fancy design packaging systems contributing to the high demand for carton packaging in the forecast period.
Analysis by Region:
In the regional outlook of the global plant milk market, the North America region dominates with an xxx market share during the forecast period. The increasing consumer awareness related to the benefits of plant-based milk consumption and the growing popularity of the vegan diet trend drives regional growth. Also, numerous health benefits associated with plant milk add a boost to the regional market. Moreover, the rise in lactose intolerance and related disorders among consumers across U.S and Canada contributes to the development of the plant milk market in North America.
Market Segmentation covered in the Report:
By Source
The key driver impacting the plant milk market is the growing cases of lactose intolerance and milk allergies. for instance, according to the National Institute of Health (NIH), in adults, lactose intolerance shows up most frequently in East Asian heritage people, affecting 70 to 100% of the population. Also, as per Encyclopaedia Britannica, the condition affects around 75 to 90% of native Americans, Asians, black people, Mediterranean, and Jewish people. About 5% of northern and central Europeans have lactose intolerance. Moreover, the nutritional benefits offered by plant-based dairy alternatives are estimated to be a significant factor that positively impacts market growth.
According to Value Market Research, the global plant milk market size was valued at around USD 12000 million in 2020 and is projected to grow at a CAGR of about 10% during the forecast period of 2021 to 2027.
The growing preference of consumers for a vegan diet is estimated to augment plant milk demand in the forecast period. For instance, as per the food revolution network, in the U.S., there was around 600% rise in people identifying as vegans in the last three years. Similarly, in the UK, people who are identifying as vegans have raised by 350%. However, the volatility in prices of raw material prices may hamper the global plant milk market in the long run. also, the high cost of plant milk as compared to dairy milk is negatively impacting the market. the current industry trends, such as the rising demand for milk alternatives and the increasing consumer awareness about the vegan diet, are expected to provide market players with new market opportunities.
The plant milk market is vast, with many local and global players. the key leaders follow different strategies to advance their market position, such as contracts, amalgamation, contracts, extending product portfolio, acquisitions, expansions, and product upgrades to raise their market share across the globe. for instance, In 2019, Earth’s Own Food Company Inc. successfully extended its plant-based beverage line-up to a fresh, delicious flavor, Chocolate Oat. the product is readily available across retailers to meet the changing consumer demand. the known players included in the report are 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.
In this research report, the plant milk market is segmented by source, sales channel, packaging, and region.
Analysis by Source:
By source, the report is categorized into almond, soy, coconut, and rice. The almond milk segment dominates the application segment with over 40% share in 2020. It is due to the high acceptance of almond milk among consumers due to its high nutritional values and rich in vitamins, carbohydrates, minerals, and proteins. Moreover, it has a range of applications in the dairy industry, food, beverage, and cosmetic industry that drive the demand for almond milk in the forecast period.
Analysis by Sales Channel:
By mainstream stores, the report is categorized into specialty stores, online natural food stores, and others. Mainstream store account dominates the sales channel segment with over 70% share in 2020. It is due to the increasing convenience store across the globe due to growing disposal income that will propel the plant-based market growth. Moreover, consumers preferred convenience shopping contributes to the high demand from a mainstream stores in the forecast period.
Analysis by Packaging:
By packaging, the report is categorized into carton packaging, bottles, and pouches. Carton packaging dominates the packaging segment with over 69% share in 2020. It is due to the rising demand for packaged food products due to disposable income and urbanization that will lead the carton packaging market growth. Moreover, the packaged food is easy to carry for transportation with recycling properties, and consumers are fascinated by fancy design packaging systems contributing to the high demand for carton packaging in the forecast period.
Analysis by Region:
In the regional outlook of the global plant milk market, the North America region dominates with an xxx market share during the forecast period. The increasing consumer awareness related to the benefits of plant-based milk consumption and the growing popularity of the vegan diet trend drives regional growth. Also, numerous health benefits associated with plant milk add a boost to the regional market. Moreover, the rise in lactose intolerance and related disorders among consumers across U.S and Canada contributes to the development of the plant milk market in North America.
Market Segmentation covered in the Report:
By Source
- Almond
- Soy
- Coconut
- Rice
- Mainstream Stores
- Specialty Stores
- Online Natural Food stores
- Others
- Carton Packaging
- Bottles
- Pouches
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . PLANT MILK – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Source
3.7.2 By Sales Channel
3.7.3 By Packaging
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL PLANT MILK MARKET ANALYSIS BY SOURCE
6.1 Overview by Source
6.2 Historical and Forecast Data
6.3 Analysis by Source
6.4 Almond Market by Regions
6.5 Soy Market by Regions
6.6 Coconut Market by Regions
6.7 Rice Market by Regions
7 . GLOBAL PLANT MILK MARKET ANALYSIS BY SALES CHANNEL
7.1 Overview by Sales Channel
7.2 Historical and Forecast Data
7.3 Analysis by Sales Channel
7.4 Mainstream Stores Market by Regions
7.5 Specialty Stores Market by Regions
7.6 Online Natural Food stores Market by Regions
7.7 Others Market by Regions
8 . GLOBAL PLANT MILK MARKET ANALYSIS BY PACKAGING
8.1 Overview by Packaging
8.2 Historical and Forecast Data
8.3 Analysis by Packaging
8.4 Carton Packaging Market by Regions
8.5 Bottles Market by Regions
8.6 Pouches Market by Regions
9 . GLOBAL PLANT MILK MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE PLANT MILK COMPANIES
10.1. Plant Milk Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF PLANT MILK INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Blue Diamond Growers
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Earth’s Own Food Company
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. Oatly AB
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. Danone S.A.
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. Campbell Soup Company
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. Califia Farms
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. Organic Valley
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Hain Celestial Group Inc.
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. Elmhurst Milked Direct LLC
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. Hain Celestial Group Inc.
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
11.13. Ripple Foods
11.13.1. Company Overview
11.13.2. Financials
11.13.3. Products
11.13.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Source (USD MN)
- Almond Market by Geography (USD MN)
- Soy Market by Geography (USD MN)
- Coconut Market by Geography (USD MN)
- Rice Market by Geography (USD MN)
- Analysis Market by Sales Channel (USD MN)
- Mainstream Stores Market by Geography (USD MN)
- Specialty Stores Market by Geography (USD MN)
- Online Natural Food stores Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Analysis by Packaging (USD MN)
- Carton Packaging Market by Geography (USD MN)
- Bottles Market by Geography (USD MN)
- Pouches Market by Geography (USD MN)
- Global Plant Milk Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Plant Milk Report
- Market Research Process
- Market Research Methodology
- Global Plant Milk Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Source
- Market Attractiveness Analysis by Sales Channel
- Market Attractiveness Analysis by Packaging
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Source (USD MN)
- Almond Market by Geography (USD MN)
- Soy Market by Geography (USD MN)
- Coconut Market by Geography (USD MN)
- Rice Market by Geography (USD MN)
- Global Market Analysis by Sales Channel (USD MN)
- Mainstream Stores Market by Geography (USD MN)
- Specialty Stores Market by Geography (USD MN)
- Online Natural Food stores Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market Analysis by Packaging (USD MN)
- Carton Packaging Market by Geography (USD MN)
- Bottles Market by Geography (USD MN)
- Pouches Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments