Plant-Based Milk Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Soy Milk, Coconut Milk, Almond Milk, Oat Milk, Others (Rice Milk, Pea Milk, etc.)), By Category (Flavored Vs Non-Flavored), By Packaging (Cartons, Bottles, Others (Pouches, Cans, etc.)), By Distribution Channel (Convenience/Grocery Stores, Supermarkets, Online, Others (Specialty Stores, Hypermarkets, etc.)), By Region, By Competition, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD12,624.01 Million

CAGR (2023-2028)

6.38%

Fastest Growing Segment

Oat Milk

Largest Market

Asia Pacific

Market Overview

Global Plant-Based Milk Market has valued at USD12,624.01 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.38% through 2028. This surge in the market can be attributed to various factors such as the rise in the trend of veganism and an increase in the lactose intolerant population. Moreover, one of the key drivers behind the growth of the global plant-based milk market is the profound shift in consumer health consciousness.

Overall, the plant-based milk market is a rapidly growing market with significant potential for growth in the coming years. This growth is being driven by a number of factors, including rising consumer awareness of the health and environmental benefits of plant-based milk, increasing availability of plant-based milk products, and growing vegan and vegetarian populations. Plant-based milk is becoming increasingly popular in foodservice applications. For example, many coffee shops now offer plant-based milk options for their lattes and cappuccinos. Plant-based milk companies are developing new and innovative products, such as plant-based yogurt, ice cream, and cheese. Plant-based milk is becoming more affordable and accessible, thanks to increased competition and economies of scale. The future of the plant-based milk market is bright. As consumers become more aware of the health and environmental benefits of plant-based milk, and as plant-based milk products become more affordable and accessible, the plant-based milk market is expected to continue to grow rapidly in the coming years.

The global plant-based milk market was experiencing significant growth due to various factors such as increased consumer awareness about health and sustainability, dietary preferences, and lactose intolerance. The plant-based milk market had expanded beyond traditional soy and almond milk to include a wide range of options such as oat milk, coconut milk, rice milk, hemp milk, and more. This diversity allowed consumers to choose products that suited their taste preferences and dietary needs. Growing health consciousness and concerns about lactose intolerance and allergies led many consumers to shift from dairy milk to plant-based alternatives, perceiving them as healthier options. Plant-based milks are often lower in saturated fat and cholesterol, and some are fortified with vitamins and minerals.

Key Market Drivers

Rising Health Consciousness Fuels the Global Plant-Based Milk Market Growth

In recent years, the global plant-based milk market has witnessed remarkable growth, driven by a significant shift in consumer preferences towards healthier and more sustainable dietary choices. This shift is closely linked to rising health consciousness among consumers, who are increasingly seeking alternatives to traditional dairy milk. In this comprehensive exploration, we delve into the profound impact of rising health consciousness on the global plant-based milk market, examining the key drivers, trends, and implications for the industry. The nexus between health consciousness and dietary choices cannot be overstated. As people become more aware of the impact of their food choices on their well-being, they are actively seeking ways to adopt healthier diets. Traditional dairy milk, once seen as a dietary staple, is now being scrutinized for its nutritional profile. The desire to reduce saturated fat, cholesterol, and calories from one's diet has led many to explore plant-based milk alternatives.

One of the primary reasons behind the surge in plant-based milk consumption is the perceived health benefits. Many plant-based milks are naturally low in saturated fat and cholesterol, making them a desirable option for those concerned about heart health. Additionally, several varieties of plant-based milk are enriched with essential vitamins and minerals, such as calcium and vitamin D, making them comparable to or even surpassing the nutritional content of dairy milk. For instance, almond milk is known for being a good source of vitamin E and unsaturated fats, which can promote heart health. Soy milk is a complete protein source, making it a suitable option for individuals following vegetarian or vegan diets. Oat milk has gained popularity for its high fiber content, providing digestive benefits. These nutritional advantages align with the health-conscious consumer's desire for a well-rounded diet. Rising health consciousness is a powerful force driving the global plant-based milk market.

The Impact of New Product Launches on the Global Plant-Based Milk Market

The global plant-based milk market has witnessed remarkable growth in recent years, driven by a shift in consumer preferences towards healthier, sustainable, and ethical food choices. One of the key catalysts propelling this market forward is the continuous influx of new product launches. As consumers seek innovative and diverse alternatives to traditional dairy milk, manufacturers have responded with a wave of creativity, introducing an array of plant-based milk products that cater to various tastes and dietary needs. One of the primary ways in which new product launches have impacted the plant-based milk market is by offering consumers a wider range of options than ever before. Traditionally, soy and almond milk dominated the market, but today, consumers can choose from an extensive menu of plant-based milk alternatives, including oat milk, coconut milk, rice milk, hemp milk, and more. These innovations are designed to cater to different taste preferences and dietary requirements, ensuring that there is a plant-based milk option for everyone. For instance, Oat milk, in particular, gained immense popularity in recent years due to its creamy texture and ability to froth well, making it a favorite among coffee drinkers. This innovation has led to a surge in demand for oat milk products globally.

The rise of veganism, vegetarianism, and flexitarianism (reducing animal product consumption) has significantly expanded the plant-based milk market. Plant-based milks are considered a staple in these diets, providing a dairy-free alternative that aligns with ethical and dietary choices. The introduction of new plant-based milk products represents a concerted effort by manufacturers to meet consumer demands for better taste, texture, and versatility. Innovation has been a driving force behind these product launches, with companies investing heavily in research and development. For instance, Flavored varieties, such as vanilla or chocolate almond milk, offer consumers a more indulgent experience. Barista-quality plant-based milks have been developed specifically for coffee shops, enabling consumers to enjoy their favorite coffee beverages without dairy.

In conclusion, new product launches have been a driving force in the global plant-based milk market, reshaping the industry and meeting the evolving demands of consumers. The introduction of diverse plant-based milk options fortified nutritional profiles, sustainable practices, and innovations in taste and texture have made these products increasingly appealing to a wide range of consumers.

Ease of Availability Driving Growth in the Global Plant-Based Milk Market

The global plant-based milk market has witnessed remarkable growth in recent years, and one of the key factors contributing to this expansion is the ease of availability of plant-based milk products. Consumers around the world are increasingly opting for plant-based milk over traditional dairy milk, and the availability of these products has played a pivotal role in shaping this trend. The shift towards plant-based milk has been a significant dietary trend over the past decade. It's no longer confined to niche markets or dietary preferences but has become mainstream. Plant-based milk options include almond, soy, oat, rice, coconut, hemp, and many more. This proliferation of choices caters to diverse tastes and dietary requirements, making it easier for consumers to find a product that suits their preferences. The availability of plant-based milk is evident on supermarket shelves. Major grocery store chains worldwide now stock a wide array of plant-based milk brands and varieties. Consumers can easily find these products in the dairy aisle or designated sections for plant-based alternatives. This placement increases visibility and accessibility, encouraging consumers to try these products.

The digital age has ushered in a new era of convenience. Online retail platforms have become significant players in the plant-based milk market. Consumers can order their favorite plant-based milk products with a few clicks and have them delivered to their doorstep. Subscription services further enhance the ease of availability, allowing consumers to set up recurring deliveries, ensuring a constant supply of plant-based milk. The ease of availability of plant-based milk is not limited to a single region. This trend has gone global. Major players in the plant-based milk industry have expanded their distribution networks to reach consumers worldwide. For example, a brand that originated in Europe may now have a strong presence in North America, Asia, and other regions.

The global plant-based milk market has experienced remarkable growth, and the ease of availability has been a crucial factor in driving this expansion. The availability of plant-based milk in supermarkets, convenience stores, online retail platforms, food service establishments, and restaurants has made it accessible to consumers worldwide.


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Key Market Challenges

High Prices

The global plant-based milk market has seen remarkable growth in recent years, driven by factors such as increased health consciousness, sustainability concerns, and dietary preferences. However, despite its growing popularity, one significant challenge that continues to persist in this market is the issue of high prices. Plant-based milk production often involves processes that can be cost-intensive. For example, almond milk production requires substantial water usage, and almond crops are susceptible to climate variations, which can impact yields. Oat milk production, on the other hand, involves the milling of oats and additional steps to extract the liquid. These processes contribute to the overall production costs. The cost of sourcing ingredients is a significant factor. High-quality nuts, grains, or legumes used in plant-based milk production can be expensive, particularly if they are sourced sustainably and ethically. Additionally, fluctuations in the prices of these raw materials can affect the final product's cost. Processing and manufacturing plant-based milk involve various steps, including grinding, soaking, blending, and, in some cases, fortification with vitamins and minerals. These processes require equipment and labor, adding to the overall cost.

Competition and innovation in the plant-based milk market can also impact prices. While competition can drive innovation and improve efficiency, it can also lead to premium pricing for unique or specialized products. For example, specialty plant-based milk varieties, such as artisanal nut milk blends, tend to command higher prices. High prices can act as a barrier to entry for some consumers, particularly those with limited disposable income. While some consumers are willing to pay a premium for plant-based milk due to health or sustainability reasons, others may be deterred by the cost difference between plant-based and dairy milk. The challenge of high prices in the global plant-based milk market is a complex issue influenced by various factors, including production costs, sourcing, processing, and competition.

Competition from Conventional Dairy Brands

One of the most notable challenges in the plant-based milk market is the entry of established conventional dairy companies into the sector. These dairy giants, with their extensive resources, distribution networks, and brand recognition, have begun to diversify their product portfolios by introducing plant-based milk alternatives or acquiring existing plant-based milk brands. Conventional dairy brands benefit from decades, or even centuries, of brand recognition and consumer trust. When these companies enter the plant-based milk market, they often leverage their established reputations to gain a foothold. Consumers may be more inclined to try plant-based milk products from familiar names, which can pose a challenge to smaller, specialized plant-based brands.

Conventional dairy companies have the resources to diversify their plant-based milk product lines quickly. They can introduce various flavors, formulations, and packaging options to cater to a broad range of consumer preferences. This ability to offer a wide selection of products can attract a larger customer base and make it more challenging for specialized plant-based brands to stand out. Competition from conventional dairy brands is a significant challenge in the global plant-based milk market. Established dairy companies leverage their brand recognition, distribution networks, and resources to enter the plant-based milk sector. This competition can make it difficult for specialized plant-based brands to gain market share, access distribution channels, and compete on pricing.

Key Market Trends

Diversification of Plant-Based Milk Varieties

One of the most prominent trends in the global plant-based milk market is the diversification of milk alternatives beyond traditional soy and almond milk. Consumers are now presented with a wide array of options, including oat, rice, coconut, hemp, and cashew milk, among others. This diversification caters to various dietary preferences, nutritional needs, and taste preferences.  Oat milk has gained significant popularity in recent years, emerging as a strong contender in the plant-based milk market. This trend can be attributed to several factors. Firstly, oat milk has a naturally sweet flavor and creamy texture, making it a suitable replacement for dairy milk in coffee, lattes, and cereals. Secondly, it is often perceived as more sustainable than almond milk due to its lower water usage and smaller environmental footprint. Brands like Oatley have capitalized on this trend, leading to widespread availability of oat milk products. Another trend in plant-based milk diversification is the creation of specialized blends. Brands are combining various plant sources to create unique milk alternatives that offer a well-rounded nutritional profile. For instance, blends of almond and coconut or rice and pea protein aim to provide a balance of taste and nutrients.

Health and Wellness Focus

Consumer awareness of health and wellness is a driving force behind the plant-based milk market. This trend encompasses several aspects, including lower saturated fat and cholesterol content, added vitamins and minerals, and reduced sugar levels in plant-based milk products. Many plant-based milk products are fortified with vitamins and minerals, such as calcium, vitamin D, and vitamin B12, to align with the nutritional profile of dairy milk. This fortification enhances the appeal of plant-based milk among health-conscious consumers, especially those who may be transitioning from dairy. Another health-oriented trend is the availability of low-sugar and unsweetened plant-based milk varieties. As consumers become more conscious of their sugar intake, manufacturers are responding with products that cater to this demand. Unsweetened almond, soy, and oat milk options have become increasingly prevalent on store shelves. To meet the needs of consumers looking to boost their protein intake, some plant-based milk brands offer protein-enriched versions. For instance, pea protein milk has gained popularity due to its higher protein content compared to almond or oat milk. These protein-rich options appeal to athletes, fitness enthusiasts, and individuals seeking plant-based protein sources.

Retail Expansion and Convenience

The ease of availability of plant-based milk has played a pivotal role in its market growth. Retail expansion has been a key trend, making these products accessible to a broader consumer base. Plant-based milk products are now prominently featured in supermarkets, often placed alongside traditional dairy milk. This placement increases visibility and encourages consumers to explore plant-based options. Beyond supermarkets, convenience stores have embraced the trend of offering single-serving cartons of plant-based milk. This makes plant-based milk readily accessible, even when consumers are away from home, contributing to its convenience. The digital age has transformed the way consumers shop for plant-based milk. Online retail platforms and subscription services have gained traction, allowing consumers to order their preferred plant-based milk products with ease and have them delivered directly to their doorstep. This convenience factor appeals to busy individuals and those with specific dietary preferences.

Segmental Insights

Type Insights

Based on type, the global plant-based milk market is mainly segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and others. According to projections, in 2022, the market for plant-based milk would be dominated by the almond milk category with market share of 29.99%. The leading position of this market sector is mainly related to elements including a rise in the number of customers switching to nut-based lactose-free milk, a change in consumer taste preferences, and an increase in general health & environmental concerns. It is anticipated that during the forecast period, this segment will increase. Due to soy-free and gluten-free products are becoming more and more popular, this market is expanding quickly.


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Regional Insights

Geographically, it is observed that Asia-Pacific would hold the greatest market share of 50.53% for plant-based milk in 2022. The significant market share of this region is primarily attributable to greater health consciousness, faster adoption of technical improvements in the F&B industry, and a larger demographic base of vegans and vegetarians. The western diet's rising popularity, the region's growing population, and more investment in the dairy substitutes industry are all major contributors to its rapid rise.

Recent Developments

  • In 2023 - Oatly Inc. and Reitan, a significant retailer in the Nordic and Baltic region, recently announced the growth of their partnership. In Sweden, Reitan owns and runs 90 7-Eleven and roughly 300 Pressbyrn convenience stores. This alliance will assist the business in growing and draw in new customers.
  • In 2021, Silk announced its new product launch, Silk Oat. This launch has given the company a larger portfolio, attracting a larger consumer base.

Key Market Players

  • Danone S.A.
  • Hebei Yangyuan Zhihui Beverage Co., Ltd.
  • Blue Diamond Growers
  • Coconut Palm Group Co. Ltd.
  • Oatly Group AB
  • Califia Farms, LLC
  • Earth’s Own Food Company Inc.
  • The Hain Celestial Group, Inc.
  • SunOpta, Inc.
  • Ripple Foods PBC
  • Australian Health and Nutrition Association Ltd

 By Type

By Category

By Packaging

By Distribution Channel

By Region
  • Soy Milk
  • Coconut Milk
  • Almond Milk
  • Oat Milk
  • Others
  •  
  • Flavored
  • Non-Flavored   
  • Cartons
  • Bottles
  • Others
  • Convenience/Grocery Stores
  • Supermarkets
  • Online
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Plant-Based Milk Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Plant-Based Milk Market, By Type:

o   Soy Milk

o   Coconut Milk

o   Almond Milk

o   Oat Milk

o   Others

  • Plant-Based Milk Market, By Category:

o   Flavored

o   Non-Flavored   

  • Plant-Based Milk Market, By Packaging:

o   Cartons

o   Bottles

o   Others

  • Plant-Based Milk Market, By Distribution Channel:

o   Convenience/Grocery Stores

o   Supermarkets

o   Online

o   Others

  • Plant-Based Milk Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Plant-Based Milk Market.

Available Customizations:

Global Plant-Based Milk market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customers

4.1.  Respondent Demographics

4.1.1.    By Gender

4.1.2.    By Age

4.1.3.    By Occupation

4.2.  Brand Awareness

4.3.  Factors Influencing Purchase Decisions

4.4.  Brand Satisfaction

4.5.  Customer Satisfaction

4.6.  Challenges Faced

5.    Global Plant-Based Milk Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Soy Milk, Coconut Milk, Almond Milk, Oat Milk, Others (Rice Milk, Pea Milk, etc.))

5.2.2.    By Category Market Share Analysis (Flavored Vs Non-Flavored)

5.2.3.    By Packaging Market Share Analysis (Cartons, Bottles, Others (Pouches, Cans, etc.))

5.2.4.    By Distribution Channel Market Share Analysis (Convenience/Grocery Stores, Supermarkets, Online, Others (Specialty Stores, Hypermarkets, etc.))

5.2.5.    By Regional Market Share Analysis

5.2.5.1.        Asia-Pacific Market Share Analysis

5.2.5.2.        North America Market Share Analysis

5.2.5.3.        Europe Market Share Analysis

5.2.5.4.        South America Market Share Analysis

5.2.5.5.        Middle East & Africa Market Share Analysis

5.2.6.    By Company Share Market Analysis

5.3.  Global Plant-Based Milk Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Category Market Mapping & Opportunity Assessment

5.3.3.    By Packaging Market Mapping & Opportunity Assessment

5.3.4.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.5.    By Region Market Share Analysis

6.    Asia-Pacific Plant-Based Milk Market Outlook

6.1.  Market Size & Forecast      

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Category Market Share Analysis

6.2.3.    By Packaging Market Share Analysis

6.2.4.    By Distribution Channel Market Share Analysis

6.2.5.    By Country Market Share Analysis

6.2.5.1.        China Plant-Based Milk Market Outlook

6.2.5.1.1.           Market Size & Forecast

6.2.5.1.1.1.               By Value

6.2.5.1.2.           Market Share & Forecast

6.2.5.1.2.1.               By Type Market Share Analysis

6.2.5.1.2.2.               By Category Market Share Analysis

6.2.5.1.2.3.               By Packaging Market Share Analysis

6.2.5.1.2.4.               By Distribution Channel Market Share Analysis

6.2.5.2.        Japan Plant-Based Milk Market Outlook

6.2.5.2.1.           Market Size & Forecast

6.2.5.2.1.1.               By Value

6.2.5.2.2.           Market Share & Forecast

6.2.5.2.2.1.               By Type Market Share Analysis

6.2.5.2.2.2.               By Category Market Share Analysis

6.2.5.2.2.3.               By Packaging Market Share Analysis

6.2.5.2.2.4.               By Distribution Channel Market Share Analysis

6.2.5.3.        South Korea Plant-Based Milk Market Outlook

6.2.5.3.1.           Market Size & Forecast

6.2.5.3.1.1.               By Value

6.2.5.3.2.           Market Share & Forecast

6.2.5.3.2.1.               By Type Market Share Analysis

6.2.5.3.2.2.               By Category Market Share Analysis

6.2.5.3.2.3.               By Packaging Market Share Analysis

6.2.5.3.2.4.               By Distribution Channel Market Share Analysis

6.2.5.4.        Australia Plant-Based Milk Market Outlook

6.2.5.4.1.           Market Size & Forecast

6.2.5.4.1.1.               By Value

6.2.5.4.2.           Market Share & Forecast

6.2.5.4.2.1.               By Type Market Share Analysis

6.2.5.4.2.2.               By Category Market Share Analysis

6.2.5.4.2.3.               By Packaging Market Share Analysis

6.2.5.4.2.4.               By Distribution Channel Market Share Analysis

6.2.5.5.        India Plant-Based Milk Market Outlook

6.2.5.5.1.           Market Size & Forecast

6.2.5.5.1.1.               By Value

6.2.5.5.2.           Market Share & Forecast

6.2.5.5.2.1.               By Type Market Share Analysis

6.2.5.5.2.2.               By Category Market Share Analysis

6.2.5.5.2.3.               By Packaging Market Share Analysis

6.2.5.5.2.4.               By Distribution Channel Market Share Analysis

7.    North America Plant-Based Milk Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Category Market Share Analysis

7.2.3.    By Packaging Market Share Analysis

7.2.4.    By Form Market Share Analysis

7.2.5.    By Distribution Channel Market Share Analysis

7.2.6.    By Country Market Share Analysis

7.2.6.1.        United States Plant-Based Milk Market Outlook

7.2.6.1.1.           Market Size & Forecast

7.2.6.1.1.1.               By Value

7.2.6.1.2.           Market Share & Forecast

7.2.6.1.2.1.               By Type Market Share Analysis

7.2.6.1.2.2.               By Category Market Share Analysis

7.2.6.1.2.3.               By Packaging Market Share Analysis

7.2.6.1.2.4.               By Distribution Channel Market Share Analysis

7.2.6.2.        Canada Plant-Based Milk Market Outlook

7.2.6.2.1.           Market Size & Forecast

7.2.6.2.1.1.               By Value

7.2.6.2.2.           Market Share & Forecast

7.2.6.2.2.1.               By Type Market Share Analysis

7.2.6.2.2.2.               By Category Market Share Analysis

7.2.6.2.2.3.               By Packaging Market Share Analysis

7.2.6.2.2.4.               By Distribution Channel Market Share Analysis

7.2.6.3.        Mexico Plant-Based Milk Market Outlook

7.2.6.3.1.           Market Size & Forecast

7.2.6.3.1.1.               By Value

7.2.6.3.2.           Market Share & Forecast

7.2.6.3.2.1.               By Type Market Share Analysis

7.2.6.3.2.2.               By Category Market Share Analysis

7.2.6.3.2.3.               By Packaging Market Share Analysis

7.2.6.3.2.4.               By Distribution Channel Market Share Analysis

8.    Europe Plant-Based Milk Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Category Market Share Analysis

8.2.3.    By Packaging Market Share Analysis

8.2.4.    By Distribution Channel Market Share Analysis

8.2.5.    By Country Market Share Analysis

8.2.5.1.        Germany Plant-Based Milk Market Outlook

8.2.5.1.1.           Market Size & Forecast

8.2.5.1.1.1.               By Value

8.2.5.1.2.           Market Share & Forecast

8.2.5.1.2.1.               By Type Market Share Analysis

8.2.5.1.2.2.               By Category Market Share Analysis

8.2.5.1.2.3.               By Packaging Market Share Analysis

8.2.5.1.2.4.               By Distribution Channel Market Share Analysis

8.2.5.2.        Spain Plant-Based Milk Market Outlook

8.2.5.2.1.           Market Size & Forecast

8.2.5.2.1.1.               By Value

8.2.5.2.2.           Market Share & Forecast

8.2.5.2.2.1.               By Type Market Share Analysis

8.2.5.2.2.2.               By Category Market Share Analysis

8.2.5.2.2.3.               By Packaging Market Share Analysis

8.2.5.2.2.4.               By Distribution Channel Market Share Analysis

8.2.5.3.        Italy Plant-Based Milk Market Outlook

8.2.5.3.1.           Market Size & Forecast

8.2.5.3.1.1.               By Value

8.2.5.3.2.           Market Share & Forecast

8.2.5.3.2.1.               By Type Market Share Analysis

8.2.5.3.2.2.               By Category Market Share Analysis

8.2.5.3.2.3.               By Packaging Market Share Analysis

8.2.5.3.2.4.               By Distribution Channel Market Share Analysis

8.2.5.4.        United Kingdom Plant-Based Milk Market Outlook

8.2.5.4.1.           Market Size & Forecast

8.2.5.4.1.1.               By Value

8.2.5.4.2.           Market Share & Forecast

8.2.5.4.2.1.               By Type Market Share Analysis

8.2.5.4.2.2.               By Category Market Share Analysis

8.2.5.4.2.3.               By Packaging Market Share Analysis

8.2.5.4.2.4.               By Distribution Channel Market Share Analysis

8.2.5.5.        France Plant-Based Milk Market Outlook

8.2.5.5.1.           Market Size & Forecast

8.2.5.5.1.1.               By Value

8.2.5.5.2.           Market Share & Forecast

8.2.5.5.2.1.               By Type Market Share Analysis

8.2.5.5.2.2.               By Category Market Share Analysis

8.2.5.5.2.3.               By Packaging Market Share Analysis

8.2.5.5.2.4.               By Distribution Channel Market Share Analysis

9.    South America Plant-Based Milk Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Category Market Share Analysis

9.2.3.    By Packaging Market Share Analysis

9.2.4.    By Distribution Channel Market Share Analysis

9.2.5.    By Country Market Share Analysis

9.2.5.1.        Brazil Plant-Based Milk Market Outlook

9.2.5.1.1.           Market Size & Forecast

9.2.5.1.1.1.               By Value

9.2.5.1.2.           Market Share & Forecast

9.2.5.1.2.1.               By Type Market Share Analysis

9.2.5.1.2.2.               By Category Market Share Analysis

9.2.5.1.2.3.               By Packaging Market Share Analysis

9.2.5.1.2.4.               By Distribution Channel Market Share Analysis

9.2.5.2.        Colombia Plant-Based Milk Market Outlook

9.2.5.2.1.           Market Size & Forecast

9.2.5.2.1.1.               By Value

9.2.5.2.2.           Market Share & Forecast

9.2.5.2.2.1.               By Type Market Share Analysis

9.2.5.2.2.2.               By Category Market Share Analysis

9.2.5.2.2.3.               By Packaging Market Share Analysis

9.2.5.2.2.4.               By Distribution Channel Market Share Analysis

9.2.5.3.        Argentina Plant-Based Milk Market Outlook

9.2.5.3.1.           Market Size & Forecast

9.2.5.3.1.1.               By Value

9.2.5.3.2.           Market Share & Forecast

9.2.5.3.2.1.               By Type Market Share Analysis

9.2.5.3.2.2.               By Category Market Share Analysis

9.2.5.3.2.3.               By Packaging Market Share Analysis

9.2.5.3.2.4.               By Distribution Channel Market Share Analysis

10. Middle East and Africa Plant-Based Milk Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Category Market Share Analysis

10.2.3. By Packaging Market Share Analysis

10.2.4. By Distribution Channel Market Share Analysis

10.2.5. By Country Market Share Analysis

10.2.5.1.     South Africa Plant-Based Milk Market Outlook

10.2.5.1.1.         Market Size & Forecast

10.2.5.1.1.1.            By Value

10.2.5.1.2.         Market Share & Forecast

10.2.5.1.2.1.            By Type Market Share Analysis

10.2.5.1.2.2.            By Category Market Share Analysis

10.2.5.1.2.3.            By Packaging Market Share Analysis

10.2.5.1.2.4.            By Distribution Channel Market Share Analysis

10.2.5.2.     UAE Plant-Based Milk Market Outlook

10.2.5.2.1.         Market Size & Forecast

10.2.5.2.1.1.            By Value

10.2.5.2.2.         Market Share & Forecast

10.2.5.2.2.1.            By Type Market Share Analysis

10.2.5.2.2.2.            By Category Market Share Analysis

10.2.5.2.2.3.            By Packaging Market Share Analysis

10.2.5.2.2.4.            By Distribution Channel Market Share Analysis

10.2.5.3.     Turkey Plant-Based Milk Market Outlook

10.2.5.3.1.         Market Size & Forecast

10.2.5.3.1.1.            By Value

10.2.5.3.2.         Market Share & Forecast

10.2.5.3.2.1.            By Type Market Share Analysis

10.2.5.3.2.2.            By Category Market Share Analysis

10.2.5.3.2.3.            By Packaging Market Share Analysis

10.2.5.3.2.4.            By Distribution Channel Market Share Analysis

10.2.5.4.     Saudi Arabia Plant-Based Milk Market Outlook

10.2.5.4.1.         Market Size & Forecast

10.2.5.4.1.1.            By Value

10.2.5.4.2.         Market Share & Forecast

10.2.5.4.2.1.            By Type Market Share Analysis

10.2.5.4.2.2.            By Category Market Share Analysis

10.2.5.4.2.3.            By Packaging Market Share Analysis

10.2.5.4.2.4.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.            Drivers

11.2.            Challenges

12. Impact of COVID-19 on Global Plant-Based Milk Market

13. Market Trends & Developments

14. Porter’s Five Forces Analysis

14.1.            Competitive Rivalry

14.2.            Bargaining Power of Buyers

14.3.            Bargaining Power of Suppliers

14.4.            Threat of New Entrants

14.5.            Threat of Substitutes

15. Competitive Landscape

15.1.1. Danone S.A.

15.1.1.1.     Company Details

15.1.1.2.     Products & Services

15.1.1.3.     Financials

15.1.1.4.     Key Market Focus & Geographical Presence

15.1.1.5.     Recent Developments

15.1.1.6.     Key Management Personnel

15.1.2. Hebei Yangyuan Zhihui Beverage Co., Ltd.

15.1.2.1.     Company Details

15.1.2.2.     Products & Services

15.1.2.3.     Financials

15.1.2.4.     Key Market Focus & Geographical Presence

15.1.2.5.     Recent Developments

15.1.2.6.     Key Management Personnel

15.1.3. Blue Diamond Growers

15.1.3.1.     Company Details

15.1.3.2.     Products & Services

15.1.3.3.     Financials

15.1.3.4.     Key Market Focus & Geographical Presence

15.1.3.5.     Recent Developments

15.1.3.6.     Key Management Personnel

15.1.4. Coconut Palm Group Co. Ltd.

15.1.4.1.     Company Details

15.1.4.2.     Products & Services

15.1.4.3.     Key Market Focus & Geographical Presence

15.1.4.4.     Recent Developments

15.1.4.5.     Key Management Personnel

15.1.5. Oatly Group AB

15.1.5.1.     Company Details

15.1.5.2.     Products & Services

15.1.5.3.     Financials

15.1.5.4.     Key Market Focus & Geographical Presence

15.1.5.5.     Recent Developments

15.1.5.6.     Key Management Personnel

15.1.6. Califia Farms, LLC

15.1.6.1.     Company Details

15.1.6.2.     Products & Services

15.1.6.3.     Key Market Focus & Geographical Presence

15.1.6.4.     Recent Developments

15.1.6.5.     Key Management Personnel

15.1.7. Earth’s Own Food Company Inc.

15.1.7.1.     Company Details

15.1.7.2.     Products & Services

15.1.7.3.     Key Market Focus & Geographical Presence

15.1.7.4.     Recent Developments

15.1.7.5.     Key Management Personnel

15.1.8. The Hain Celestial Group, Inc.

15.1.8.1.     Company Details

15.1.8.2.     Products & Services

15.1.8.3.     Financials

15.1.8.4.     Key Market Focus & Geographical Presence

15.1.8.5.     Recent Developments

15.1.8.6.     Key Management Personnel

15.1.9. SunOpta, Inc.

15.1.9.1.     Company Details

15.1.9.2.     Products & Services

15.1.9.3.     Financials

15.1.9.4.     Key Market Focus & Geographical Presence

15.1.9.5.     Recent Developments

15.1.9.6.     Key Management Personnel

15.1.10.              Ripple Foods PBC

15.1.10.1.  Company Details

15.1.10.2.  Products & Services

15.1.10.3.  Key Market Focus & Geographical Presence

15.1.10.4.  Recent Developments

15.1.10.5.  Key Management Personnel

15.1.11.              Australian Health and Nutrition Association Ltd

15.1.11.1.  Company Details

15.1.11.2.  Products & Services

15.1.11.3.  Key Market Focus & Geographical Presence

15.1.11.4.  Recent Developments

15.1.11.5.  Key Management Personnel

16. Strategic Recommendations/Action Plan

17. About Us & Disclaimer

Figures and Tables

Figure 1: Global Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 2: Global Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 3: Global Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 4: Global Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 5: Global Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 6: Global Plant-Based Milk Market Share, By Region, By Value, 2022 & 2028F

Figure 7: Global Plant-Based Milk Market Share, By Company, By Value, 2022

Figure 8: Global Plant-Based Milk Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022

Figure 9: Global Plant-Based Milk Market Map, By Category, Market Size (USD Million) & Growth Rate (%), 2022

Figure 10: Global Plant-Based Milk Market Map, By Packaging, Market Size (USD Million) & Growth Rate (%), 2022

Figure 11: Global Plant-Based Milk Market Map, By Distribution Channel, Market Size (USD Million) & Growth Rate (%), 2022

Figure 12: Global Plant-Based Milk Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022

Figure 13: Asia-Pacific Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 14: Asia-Pacific Country-wise Population, 2022 (Million)

Figure 15: Asia-Pacific Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 16: Asia-Pacific Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 17: Asia-Pacific Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 18: Asia-Pacific Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 19: Asia-Pacific Plant-Based Milk Market Share, By Country, By Value, 2018-2028F

Figure 20: China Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 21: China Population, 2018-2022 (Million)

Figure 22: China Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 23: China Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 24: China Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 25: China Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 26: Japan Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 27: Japan Population, 2018-2022 (Million)

Figure 28: Japan Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 29: Japan Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 30: Japan Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 31: Japan Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 32: South Korea Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 33: South Korea Population, 2018-2022 (Million)

Figure 34: South Korea Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 35: South Korea Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 36: South Korea Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 37: South Korea Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 38: Australia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 39: Australia Population, 2018-2022 (Million)

Figure 40: Australia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 41: Australia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 42: Australia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 43: Australia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 44: India Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 45: India Population, 2018-2022 (Million)

Figure 46: India Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 47: India Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 48: India Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 49: India Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 50: North America Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 51: North America Population (Million), By Country, (2022)

Figure 52: North America Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 53: North America Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 54: North America Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 55: North America Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 56: North America Plant-Based Milk Market Share, By Country, By Value, 2018-2028F

Figure 57: United States Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 58: United States Population, 2018-2022 (Million)

Figure 59: United States Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 60: United States Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 61: United States Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 62: United States Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 63: Canada Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 64: Canada Population, 2018-2022 (Million)

Figure 65: Canada Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 66: Canada Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 67: Canada Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 68: Canada Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 69: Mexico Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 70: Mexico Population, 2018-2022 (Million)

Figure 71: Mexico Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 72: Mexico Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 73: Mexico Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 74: Mexico Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 75: Europe Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 76: Europe Population, 2018-2022 (Million)

Figure 77: Europe Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 78: Europe Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 79: Europe Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 80: Europe Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 81: Europe Plant-Based Milk Market Share, By Country, By Value, 2018-2028F

Figure 82: Germany Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 83: Germany Population, 2018-2022 (Million)

Figure 84: Germany Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 85: Germany Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 86: Germany Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 87: Germany Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 88: Spain Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 89: Spain Population, 2018-2022 (Million)

Figure 90: Spain Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 91: Spain Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 92: Spain Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 93: Spain Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 94: Italy Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 95: Italy Population, 2018-2022 (Million)

Figure 96: Italy Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 97: Italy Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 98: Italy Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 99: Italy Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 100: United Kingdom Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 101: United Kingdom Population, 2018-2022 (Million)

Figure 102: United Kingdom Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 103: United Kingdom Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 104: United Kingdom Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 105: United Kingdom Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 106: France Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 107: France Population, 2018-2022 (Million)

Figure 108: France Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 109: France Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 110: France Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 111: France Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 112: South America Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 113: South America Population (Million), By Country, 2022

Figure 114: South America Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 115: South America Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 116: South America Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 117: South America Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 118: South America Plant-Based Milk Market Share, By Country, By Value, 2018-2028F

Figure 119: Brazil Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 120: Brazil Population, 2018-2022 (Million)

Figure 121: Brazil Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 122: Brazil Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 123: Brazil Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 124: Brazil Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 125: Colombia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 126: Colombia Population, 2018-2022 (Million)

Figure 127: Colombia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 128: Colombia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 129: Colombia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 130: Colombia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 131: Argentina Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 132: Argentina Population, 2018-2022 (Million)

Figure 133: Argentina Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 134: Argentina Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 135: Argentina Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 136: Argentina Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 137: Middle East & Africa Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 138: Middle East & North Africa Population, 2018-2022 (Million)

Figure 139: Middle East & Africa Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 140: Middle East & Africa Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 141: Middle East & Africa Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 142: Middle East & Africa Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 143: Middle East & Africa Plant-Based Milk Market Share, By Country, By Value, 2018-2028F

Figure 144: South Africa Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 145: South Africa Population, 2018-2022 (Million)

Figure 146: South Africa Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 147: South Africa Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 148: South Africa Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 149: South Africa Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 150: UAE Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 151: UAE Population, 2018-2022 (Million)

Figure 152: UAE Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 153: UAE Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 154: UAE Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 155: UAE Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 156: Turkey Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 157: Turkey Population, 2018-2022 (Million)

Figure 158: Turkey Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 159: Turkey Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 160: Turkey Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 161: Turkey Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Figure 162: Saudi Arabia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F

Figure 163: Saudi Arabia Population, 2018-2022 (Million)

Figure 164: Saudi Arabia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F

Figure 165: Saudi Arabia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F

Figure 166: Saudi Arabia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F

Figure 167: Saudi Arabia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F

Frequently asked questions

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The market size of the Global Plant-Based Milk Market was estimated to be USD12,624.01 Million in 2022.

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The almond milk form segment demonstrated significant dominance with 29.99% in 2022. The leading position of this market sector is mainly related to elements including a rise in the number of customers switching to nut-based lactose-free milk, a change in consumer taste preferences, and an increase in general health & environmental concerns.

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Asia Pacific dominated the market with a market share of 50.53% in 2022. The significant market share of this region is primarily attributable to greater health consciousness, faster adoption of technical improvements in the F&B industry, and a larger demographic base of vegans and vegetarians.

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Increasing awareness of the health benefits of plant-based milk, increasing availability of plant-based milk products in a variety of flavors and formats are the major drivers for the Global Plant-Based Milk Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Plant-Based Milk Market to Grow with a CAGR of 6.38% Globally through to 2028

Sep, 2023

Rising consumer awareness of the health benefits of plant-based milk and increasing concerns about the environmental impact of dairy production are factors driving the global Plant-Based milk market

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