Plant Milk Market Is Expected to Expand Significant CAGR from 2017 to 2024 - PowerPoint PPT Presentation

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Plant Milk Market Is Expected to Expand Significant CAGR from 2017 to 2024

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Plant Milk Market is estimated to exceed USD 21 billion by 2024; according to a new research report by Global Market Insights. – PowerPoint PPT presentation

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Date added: 29 August 2019
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Title: Plant Milk Market Is Expected to Expand Significant CAGR from 2017 to 2024


1
Plant Milk Market is estimated to surpass USD 21
billion by 2025
2
Key Insights from Plant Milk Market
  • Plant Milk Market size is estimated to exceed USD
    21 billion by 2024 according to a new research
    report by Global Market Insights.
  • Growing vegan population resulting in high demand
    for dairy alternatives is driving plant milk
    market growth. Improved taste and flavor along
    with long shelf life is anticipated to fuel the
    business penetration.
  • North America plant milk market accounted for
    over 25 share in 2016. Higher incidence of
    lactose intolerance in Hispanic and
    Asian-American populations in the U.S. is major
    driving force for the plant milk market growth.
  • Rising threats pertaining to saturated fat
    levels, hormone content, antibiotics used in
    dairy cows has diverted consumers preference to
    dairy alternatives. Growing health concerns
    regarding diabetes and allergies has encouraged
    the consumers to adopt dairy alternative
    products.

3
Continued...
  • Increasing health issues owing to the use of
    bovine growth hormone into cattle to boost milk
    production has significantly hampered dairy
    industry. This has resulted in its ban from
    countries including Canada, the European Union,
    Australia, New Zealand, Japan, and Israel, hence
    fueling dairy alternative market.
  • Coconut will witness significant growth at over
    13 up to 2024. Increased demand for coconut milk
    owing to the health benefits provided by coconut
    compared to soy will drive the product demand.
    Presence of significant amount of lauric acid in
    coconut, which when converted to monolaurin
    provides antiviral, antifungal and antibacterial
    properties
  • Global industry share is highly fragmented owing
    to presence various local and international
    vendors. Some of the key players include Ripple
    Foods, Danone, Archer-Daniels-Midland, WhiteWave
    Foods, Califia Farms, Hain Celestial Group, Daiya
    Foods and Freedom Foods.

4
U.S. Plant Milk Market, By Source, 2016 2024
(Million Litres)

5

Browse Full Market Research Report On Plant
Milk Market _at_ http//bit.ly/2ZyAt7Q Request for
a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2250 https//www.gminsights.com
https//www.gminsights.com/request-sample/detail/4
9
6
Stay In Touch Website www.gminsights.com Soci
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