Market Research Report
Plant-based Milk - Global Market Outlook (2019-2027)
|Plant-based Milk - Global Market Outlook (2019-2027)|
Published: June 1, 2020
Stratistics Market Research Consulting
Content info: 164 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Plant Based Milk Market is accounted for $14.00 billion in 2019 and is expected to reach $30.01 billion by 2027 growing at a CAGR of 10.0% during the forecast period. Growing concern regarding health and wellness and rise in diabetes, obesity, and other cardiovascular diseases are the major factors driving the market growth. However, tedious process of legal inspection is restraining the market growth.
Plant-based milk products can give extra nutritional content with a similar taste and flavor for the traditional consumers who are looking for the real taste of dairy in the plant-based milk which attracting them towards the utilization of plant-based milk rather than dairy milk.
Based on source, the oat milk segment is likely to have a huge demand as it is an environment & consumer-friendly product, having a lesser carbon footprint in contrast with dairy milk. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increase in manufacturing and utilization of milk alternatives and rise in health-conscious consumers who are looking for healthy alternatives in the food and beverage products.
Some of the key players profiled in the Plant Based Milk Market include Alpina Foods, Blue Diamond Growers, Blue Diamond Growers Inc, Chef's Choice Food Manufacturer Company Limited, Earth's Own Food Company Inc, Edward & Sons, Freedom Foods Group Ltd, Groupe Danone, Hain Celestial Group, Keurig Dr. Pepper, Liwayway Holdings Company Limited, Mc Cormick & Co Goya Foods, Natura Foods Sunopta Inc, Pacific Foods of Oregon Inc, PepsiCo, SunOpta, The Bridge s.r.l. Kaslink Foods Oy Ltd, The Coca-Cola Company, The Hain Celestial Group Inc, The Hershey Company, Turtle Mountain LLC and Vitasoy International Holdings Limited.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.