Will the rapid shift towards a vegan diet elevate the demand for the plant-based milk market? Find Out With ChemView’s Latest Analysis! 365 July 2022 CVC-00169

According to a research survey conducted by ChemView Consulting, in 2022, the Global Plant-Based Milk Market was worth US$ 14,400.0 Mn and is expected to grow at a CAGR of 8.7% over the forecast period. The market is expected to hit US$ 28,100.0 Mn by 2030 end.

Consumers are increasingly interested in reducing their use of animal-based food items, owing to a growing emphasis on sustainability, health, and ethical considerations. As a result, the food industry is developing new plant-based products that mirror many physicochemical and sensory features of animal-derived foods, including milk, eggs, and meat.

Animal-free dairy proteins provide several advantages over typical dairy products. They are devoid of antibiotics, hormones, and lactose, making them suitable for those sensitive to or intolerant to these substances. In terms of nutritional content, taste, texture, and utility, they are likewise equivalent to dairy protein.

Plant-Based Milk Market 2017-2030: Report Key Highlights:

  • Detailed information on factors that will assist Global Plant-Based Milk’s growth during the next eight years
  • Assessment of the historical and current Global Plant-Based Milk Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

For More Details Visit Our Report Page: https://chemviewconsulting.com/reports/plant-based-milk-market/

Key Takeaways

By Category: The organic plant-based milk category is expected to expand at a CAGR of 10.0%. Many premium plant-based milk producers use various marketing methods to attract people to buy the product.

Premium ‘organic’ variations are aimed at consumers who are ready to spend more for high-quality ingredients and superior plant-based milk.

By End-Use: Plant-based milk will continue to be in great demand in the food and beverage sector. In addition to coffee, plant-based milk is a foundation for smoothies, foamy soups, and baked goods. It may be used in place of dairy milk in any recipe or beverage.

As a result, demand for plant-based milk is expanding across various food industry sectors, from coffee shops to bakeries.

B Distribution Channel: Online retail is expected to increase at a 10.7% CAGR. Consumers’ hectic and hectic lifestyles, particularly in industrialized nations, leave them with little time to visit supermarkets or stores to purchase the things they require daily.

On the other hand, online shopping allows consumers to purchase anything from an online shopping platform without having to leave their homes. Given this, online sales are projected to grow at a rapid pace in the future years.

By Region: North America is estimated to have the biggest market share for plant-based milk. Consumer awareness of the necessity of protein-rich diets, improved health consciousness, a well-established milk sector, and higher acceptance of technology improvements in the milk and beverage business all contribute to North America’s leadership position in the plant-based milk market.

Competition Summary

Product releases have been established as the direct approach among market participants. With rising competition, the emphasis on distinguishing goods is projected to increase, encouraging new introductions in the plant-based milk industry.

Key companies covered in the market study are Groupe Danone, Alpina Foods, Blue Diamond Growers, Inc, Döhler GmbH, Earth’s Own Food Company Inc, Elden Foods Inc, Freedom Foods Group Ltd, Goya Foods, Groupe Danone, Hain Celestial Group, Inc, Kaslink Foods Oy Ltd, and Living Harvest Foods Inc

Segments Covered in Report

By Category:

  • Organic
  • Conventional

By Form:

  • Liquid
  • Powder

By Product Type:

  • Soy Milk
  • Almond Milk
  • Coconut milk
  • Cashew Milk
  • Hemp Seed Milk
  • Rice Milk
  • Oat Milk
  • Peanut Milk
  • Pea Milk
  • Hazelnut Milk
  • Macadamia Milk
  • Flax Milk
  • Walnut
  • Other Product Types (Spelt Milk, Banana, etc.)

By Flavor Type:

  • Original/Unflavored
  • Flavoured
    • Chocolate
    • Vanilla
    • Strawberry
    • Coconut
    • Mocha
    • Berry
    • Hazelnut
    • other Flavors

By End-Use:

  • Infant Formula
  • Dairy Products
    • Milk
    • Cheese
    • Yogurt
    • Butter
    • Spreads
    • Ice Cream
    • Frozen Dessert
  • Bakery & Confectionary
  • Milk & Milk-based Beverages
  • Retail Sales

By Sales Channel:

  • Direct Sales
  • Indirect Sales
    • Modern Trade
    • Convenience Store
    • Departmental Store
    • Traditional Store
    • Specialty Store
    • Online Retailers
  • Other Sales Channel

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

About ChemView Consulting’s Food & Beverage Domain

ChemView Consulting’s Food & Beverage domain provides unique, reliable, and in-depth analysis while highlighting opportunities for growth for companies in the food and beverage industry with a focus on plant-based meat options, clean labels, and nutritionally dense and plant-based ingredients. Our research helps us better understand consumer demand and shifting preferences. In addition, we assist companies in developing strategies to attract new customers and retain existing strongholds. The comprehensive coverage includes Food Additives & Ingredients, Food Supplements, Food Processing & Processed Food, and Beverages. In addition, for developing – “The Future Growth Plan,” our research studies serve as market reference guides for manufacturers, research institutes, channel partners, and government agencies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and consulting company serving worldwide Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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