Plant-based milk Market growth, business opportunities, share value, key insights and size estimation by 2031

Global Plant-based milk report from Global Insight Services is the single authoritative source of intelligence on Plant-based milk market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Plant-based milk is a dairy-free alternative to cow’s milk. It is made from a variety of plant sources, such as soybeans, almonds, oats, rice, and coconuts. Plant-based milk is often fortified with vitamins and minerals, and it can be a good source of protein, calcium, and other nutrients. Some plant-based milks, such as soy milk, are also a good source of isoflavones, which are plant compounds that have health benefits.

Key Trends

There are three key trends in plant-based milk technology:

1. The use of alternative sources of milk: There is an increasing trend of using alternative sources of milk, such as soy, almond, and coconut, as plant-based milk options.

2. The use of plant-based milk in products: There is an increasing trend of using plant-based milk in products, such as cheese, yogurt, and ice cream.

3. The use of plant-based milk in foodservice: There is an increasing trend of using plant-based milk in foodservice, such as in coffee shops and restaurants.

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Market Segments

The Plant-based Milk Market is segmented on the basis of formulation, application, source and region. On the basis of formulation is categorized into organic and conventional. On the basis of application, the market is segmented into food & beverage industry, household/retail, foodservice industry, and others. On the basis of source, the market is classified into fruits, rice, nuts, soy, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Plant-based Milk Market report includes players such as Pacific Foods of Oregon, Inc., Natura FoodsSunopta Inc.The Hain Celestial Group Inc.Mc Cormick & Co.Goya FoodsVitasoy International Holdings LimitedThe Hershey CompanyTurtle Mountain LLC, and Edward & Sons.

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Key Drivers

The key drivers of the plant-based milk market are the increasing vegan population, the health benefits of plant-based milk, and the increasing awareness of the environmental impact of animal agriculture.

The vegan population is growing rapidly, and plant-based milk is a vegan-friendly alternative to dairy milk. The health benefits of plant-based milk are also a key driver of the market. Plant-based milk is lower in calories and fat than dairy milk, and it is also a good source of vitamins and minerals.

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