A report on the Global Plant Milk Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Plant Milk market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Rising consumer awareness regarding vegan diets and their associated health benefits is driving the market growth.
Derived from sources such as soy, almond, coconut, oat, and rice, plant milks are the best alternatives to cow’s and other animal milks available on the market. Plant milk is widely accepted by consumers for its high nutritional value and rich vitamins, minerals, carbohydrates and proteins. It has various applications in the food and beverage, dairy industry and cosmetics industry. Hence, rising awareness about plant milk and its nutritional value is likely to drive the demand of plant milk market during the forecast period.
Plant milks have a wide range of applications in the food and beverage industry. It is used for flavoring and aroma of various products. It includes nutrients like calcium, essential minerals, and omega-3 fatty acids, as well as vitamins like A, D, and B12. Due to its high demand, consumers hope to boost the market outlook. Furthermore, lactose intolerance in infants is one of the major factors driving the growth of the plant milk market. It can cause various symptoms including bloating, diarrhea, and abdominal cramps due to the high percentage of lactose in milk compared to plant milk, which will drive the industry outlook.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as NDPharm, Wanhua Biochem, Jiangxi Haoran Bio-Pharma, Jiangsu Aidea Pharmaceutical. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America is estimated to hold the major revenue share in the global plant-based market, owing to the rapidly increasing vegan population in the region. The rapid expansion of dairy alternatives market in North America is expected to contribute significantly to the growth of the region. Increased expenditure of North American population on food and beverage products, coupled with a rapid shift in preference of American population and adoption of a healthy diet is further expected to aid the growth of North America plant-based milk market.
The Asia Pacific is expected to be growing at the fastest pace over the forecast period, due to the rising adoption of plant-based milk by Asian population attributed to health benefits offered by the product. Availability of source materials for production of plant-based milk, such as soy and rice in abundance, within Asian countries such as China, India, South Korea, and others will further propel the growth of plant-based milk market of the region.
Plant Milk Market Segmentation:
By Type:
- Soy
- Almond
- Rice
- Coconut
- Other
By Applications:
- Snacks
- Bakery & Confectionery
- Beverages and Others
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Plant Milk Market?
- Who are the top performing companies in Plant Milk Market?
- Which region dominated the worldwide market for Plant Milk in 2022?
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- https://www.openpr.com/news/2864337/self-balancing-electric-vehicles-market-share-size
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