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

1
Plant Milk Market to exceed 21 bn by 2024
2
Key Insights from Plant Milk Market

• Rising trend for consuming plant-based beverages
  as a protein source will drive product market
  growth. Increasing concern regarding lactose
  intolerance is one of the major drivers
  supporting product penetration. In addition,
  growing consumer consciousness regarding healthy
  diet will influence plant milk market.
• Consumption of naturally lactose-free, low
  cholesterol dairy products along with sensitivity
  reactions to foods are key factors propelling
  product demand. Manufacturers are anticipated to
  launch innovative offerings in line with changing
  consumer trend that focuses on favorable aspects
  such as taste profile and nutritional value.
• Almond source will observe growth over 11 up to
  2024. Factors such as delicious taste and
  texture, high vitamin, mineral and no lactose
  content compared to other alternatives such as
  soy will propel product demand. Rising
  environmental concern and sustainability issues
  concerning traditional dairy production will also
  support industry growth.
• Specialty stores accounted for more than 10
  industry share in 2016. Increasing consumer
  expectation for wider product selection,
  compelling shopping environment, and expert
  service will augment plant milk market from this
  distribution channel.

3
Continued...

• North America plant milk market accounted for
  over 25 share in 2016. Changing dietary patterns
  and rising income level will propel industry
  growth. Consumer consciousness regarding health
  benefits associated with dairy alternative drinks
  consumption over traditional one has enhanced
  product demand.
• Asia Pacific demand will witness a CAGR over 13
  up to 2024. The regional growth attributed to
  rising lactose intolerance population. Increasing
  awareness among consumers about growth-related
  hormones and antibiotics found in the beverages
  processed by dairy industry is likely to
  influence regional demand.
• Global plant milk market share is moderately
  fragmented due to the strong presence of
  manufacturers and suppliers at regional and
  international level. Key industry players are
  Danone, Ripple Foods, Archer-Daniels-Midland,
  WhiteWave Foods, Hain Celestial Group, Daiya
  Foods, Vitasoy, Califia Farms, and Freedom Foods.
  Other prominent players include SunOpta, Eden
  Foods, Blue Diamond Growers, Nutriops and The New
  Barn.

4
U.S. Plant Milk Market, By Source, 2016 2024
(Million Liter's)

5

Browse Full Market Research Report On Plant
Milk Market _at_ http//bit.ly/37dUKjr Request for
a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/2250 etail/49
6
Stay In Touch Website www.gminsights.com Soci
al Media