Plant Milk Market Size - By Source, Distribution channel, Formulation, Packaging, Regional Outlook & Forecast, 2024

Description

List of Tables

Plant Milk Market size is anticipated to witness 11.6% CAGR from 2024 to 2032 due to the increasing awareness of the environmental impact of traditional dairy farming, coupled with a growing demand for lactose-free and vegan options. According to the Good Food Institute 2022 report, total plant-based food sales recorded a growth of 6.6%, reaching USD 8 billion.

Consumers are seeking healthier and sustainable alternatives, which is fueling the expansion of the plant milk industry. This shift is supported by a surge in health-conscious lifestyles and a desire for ethically sourced products.

The plant milk market is classified based on source, distribution channel, formulation, packaging, and region.

The almond segment is predicted to witness substantial growth through 2032, capturing the taste buds and health-conscious choices of consumers worldwide. Almond milk has gained popularity for its rich, nutty flavor, and nutritional benefits. The ongoing innovations, such as flavored varieties, fortified formulations, and almond-based products extending beyond beverages is favoring the popularity of almond milk.

The specialty stores segment is expected to record strong CAGR from 2024 to 2032. Specialty stores, ranging from health food outlets to niche grocery shops, are becoming key conduits for plant milk brands to reach their target audience. These stores offer an immersive shopping experience, providing consumers with a curated selection of plant milk varieties and expert guidance. The personalized approach of specialty stores aligns with the discerning preferences of consumers seeking high-quality, diverse, and specialized plant milk options.

Europe plant milk market size will expand distinctly through 2032 as a rising number of consumers are adopting dairy alternatives. The region's commitment to sustainability and environmental consciousness aligns with the ethos of plant-based products. As governments and consumers alike prioritize sustainability, the plant milk market in Europe is poised for sustained growth, presenting a significant opportunity for both established and emerging players.

Product Code: 2250

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data Sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Plant milk industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Distribution channel trends
2.5 Formulation trends
2.6 Packaging trends
2.7 Regional trends

Chapter 3 Plant Milk Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Raw material analysis
- 3.1.2 Manufacturers
- 3.1.3 Distribution channel analysis
- 3.1.4 Profit margin analysis
- 3.1.5 Effect of COVID-19 on industry value chain
- 3.1.6 Vendor matrix
3.2 Raw material analysis
3.3 Technology landscape
3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.2 Europe
- 3.4.3 APAC
- 3.4.4 Latin America
- 3.4.5 MEA
3.5 Pricing analysis
- 3.5.1 North America
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.5.4 Latin America
- 3.5.5 Middle East & Africa
- 3.5.6 Cost structure analysis, 2022
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increasing demand for base and precious metals
  - 3.6.1.2 Declining ore grades
  - 3.6.1.3 Advancements in flotation technologies
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Volatile prices of raw materials
3.7 Innovation & sustainability
3.8 Growth potential analysis, 2022
3.9 Porters Analysis
- 3.9.1 Industry rivalry
- 3.9.2 Buyer power
- 3.9.3 Supplier power
- 3.9.4 Threat of new entrants
- 3.9.5 Threat of substitutes
3.10 PESTEL analysis
3.11 Impact of Russia-Ukraine war on plant milk market

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Plant Milk Market Size and Forecast, By Source 2018 - 2032

5.1 Soy
5.2 Almond
5.3 Oat
5.4 Rice
5.5 Coconut
5.6 Others

Chapter 6 Plant Milk Market Size and Forecast, By Distribution channel 2018 - 2032

6.1 Mainstream Stores
6.2 Specialty Stores
6.3 Others( online, natural food stores)

Chapter 7 Plant Milk Market Size and Forecast, By Formulation 2018 - 2032

7.1 Unsweetened
7.2 Sweetened

Chapter 8 Plant Milk Market Size and Forecast, By Packaging 2018 - 2032

8.1 Carton Packaging
8.2 Bottles
8.3 Pouches

Chapter 9 Plant Milk Market Size and Forecast, By Region 2018 - 2032

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Spain
- 9.3.5 Italy
- 9.3.6 Netherlands
- 9.3.7 Poland
- 9.3.8 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Thailand
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE

Chapter 10 Company Profiles

10.1 Alpro
10.2 Oatly
10.3 Silk (Danone)
10.4 Califia Farms
10.5 So Delicious Dairy Free
10.6 Ripple Foods
10.7 Elmhurst 1922
10.8 MALK Organics (MALK Holdings)
10.9 Eden Foods
10.10 WhiteWave Foods (Horizon Organic)
10.11 WestSoy (Silk)
10.12 Rude Health
10.13 Good Karma Foods
10.14 Plenish
10.15 Blue Diamond Almonds (Almond Breeze)