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 Size By Source, By Sales Channel, By Formulation, By Packaging, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024 – PowerPoint PPT presentation

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


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Plant Milk Market to exceed 21 bn by 2024
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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.

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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.

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

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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
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