Plant-Based Milk Market Size, Share, Trends, Growth Outlook

Plant-Based Milk Market is estimated to increase at a growth rate of 11.8% CAGR over the forecast period from 2024 to 2030.

The Plant-Based Milk Market Study forecasts the market size across 6 regions and 24 countries for diverse segments including-Type (Unsweetened, Sweetened), Packaging (Carton Packing, Bottles, Pouches), Source (Almond, Soy, Coconut, Rice), Distribution Channel (Offline, Online).

An Introduction to Plant-Based Milk Market, 2024

Plant-Based Milk: The market for plant-based milk is driven by the growing consumer preference for dairy alternatives due to lactose intolerance, dietary choices, or environmental concerns. Drivers include the availability of various plant-based options such as almond, oat, soy, and coconut milk, offering nutritional value and flavors akin to traditional dairy milk. The growth is influenced by the expansion of plant-based milk offerings, fortified with vitamins and minerals to cater to diverse consumer needs.

Plant-Based Milk Market Trend: Proliferation of Diverse Plant-Based Milk Options in the Market

The plant-based milk market is witnessing a prominent trend with the proliferation of diverse plant-based milk options. As consumer demand for dairy alternatives continues to rise due to factors such as lactose intolerance, environmental concerns, and changing dietary preferences, there is a notable increase in the variety of plant-based milk sources. This trend has expanded beyond traditional soy and almond milk to include innovative alternatives such as oat, coconut, hemp, and pea milk, offering consumers a wide array of choices that cater to different taste preferences and nutritional needs.

Plant-Based Milk Market Driver: Growing Health and Environmental Consciousness among Consumers

A significant driver in the plant-based milk market is the growing health and environmental consciousness among consumers. With an increasing awareness of the health benefits associated with reducing dairy consumption and concerns about the environmental impact of conventional dairy farming, consumers are actively seeking plant-based milk alternatives. This driver propels market growth as individuals adopt plant-based milk for various reasons, including lactose intolerance, dietary restrictions, and a desire to make sustainable and ethical food choices, driving manufacturers to expand and innovate their plant-based milk product lines to meet the evolving preferences of health-conscious and environmentally aware consumers.

Plant Based Milk Market Opportunity: Fortification and Functional Enhancements for Enhanced Nutritional Profiles

An opportunity within the plant-based milk market lies in fortification and functional enhancements for enhanced nutritional profiles. Manufacturers can capitalize on this opportunity by incorporating additional vitamins, minerals, and functional ingredients into plant-based milk products to mimic or exceed the nutritional content of traditional dairy milk. Enhancing the nutritional value of plant-based milk can attract consumers looking for fortified alternatives that offer comparable or superior health benefits. This opportunity allows companies to differentiate their products, meet the nutritional needs of a broader consumer base, and position plant-based milk as a compelling and nutritionally rich dairy alternative.

Plant-Based Milk Market Segmentation

Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

Geographical Segmentation
• North America (US, Canada, Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, South East Asia, Rest of Asia Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, Egypt, South Africa, Nigeria, Rest of Africa)
 

Plant-Based Milk Companies Profiled in the Study-

Archer Daniels Midland Company (ADM)
Danone S.A.
Daiya Foods Inc. (Otsuka Pharmaceutical Co., Ltd.)
The Hain Celestial Group, Inc.
WhiteWave Services, Inc. (WhiteWave Foods)
Blue Diamond Growers (Blue Diamond Growers Cooperative)
SunOpta Inc.
Freedom Foods Group Limited
Eden Foods Inc.
Nutriops SL
Earth's Own Food Company Inc.
The New Barn, Inc.
Ripple Foods Inc.
Dream Global (Hain Celestial Group)

Reasons to Buy the Plant-Based Milk Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the Plant-Based Milk Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the Plant-Based Milk Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction To 2024 Plant Based Milk Markets
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Included
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Plant Based Milk Market Size Outlook, $ Million, 2021 to 2030
3.2 Plant Based Milk Market Outlook by Type, $ Million, 2021 to 2030
3.3 Plant Based Milk Market Outlook by Product, $ Million, 2021 to 2030
3.4 Plant Based Milk Market Outlook by Application, $ Million, 2021 to 2030
3.5 Plant Based Milk Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Plant Based Milk Industry
4.2 Key Market Trends in Plant Based Milk Industry
4.3 Potential Opportunities in Plant Based Milk Industry
4.4 Key Challenges in Plant Based Milk Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Plant Based Milk Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Plant Based Milk Market Outlook by Segments
7.1 Plant Based Milk Market Outlook by Segments
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

8 North America Plant Based Milk Market Analysis and Outlook To 2030
8.1 Introduction to North America Plant Based Milk Markets in 2024
8.2 North America Plant Based Milk Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Plant Based Milk Market size Outlook by Segments, 2021-2030
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

9 Europe Plant Based Milk Market Analysis and Outlook To 2030
9.1 Introduction to Europe Plant Based Milk Markets in 2024
9.2 Europe Plant Based Milk Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Plant Based Milk Market size Outlook by Segments, 2021-2030
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

10 Asia Pacific Plant Based Milk Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Plant Based Milk Markets in 2024
10.2 Asia Pacific Plant Based Milk Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Plant Based Milk Market size Outlook by Segments, 2021-2030
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

11 South America Plant Based Milk Market Analysis and Outlook To 2030
11.1 Introduction to South America Plant Based Milk Markets in 2024
11.2 South America Plant Based Milk Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Plant Based Milk Market size Outlook by Segments, 2021-2030
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

12 Middle East and Africa Plant Based Milk Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Plant Based Milk Markets in 2024
12.2 Middle East and Africa Plant Based Milk Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Plant Based Milk Market size Outlook by Segments, 2021-2030
Type
Unsweetened
Sweetened

Packaging
Carton Packing
Bottles
Pouches

Source
Almond
Soy
Coconut
Rice

Distribution Channel
Offline
Online

List of Companies
Archer Daniels Midland Company (ADM)
Danone S.A.
Daiya Foods Inc. (Otsuka Pharmaceutical Co., Ltd.)
The Hain Celestial Group, Inc.
WhiteWave Services, Inc. (WhiteWave Foods)
Blue Diamond Growers (Blue Diamond Growers Cooperative)
SunOpta Inc.
Freedom Foods Group Limited
Eden Foods Inc.
Nutriops SL
Earth's Own Food Company Inc.
The New Barn, Inc.
Ripple Foods Inc.
Dream Global (Hain Celestial Group)

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

Type/brUnsweetened /brSweetened /br/brPackaging/brCarton Packing /brBottles /brPouches /br/brSource /brAlmond /brSoy /brCoconut /brRice /br/brDistribution Channel/brOffline/brOnline