Plant Milk Market Competitive Research And Precise Outlook 2023 To 2030

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Plant Milk Market
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Market Overview
Crossing the 15 billion mark in 2022, the global
plant milk market is expected to reach 30
billion by 2030, expanding at a compound annual
growth rate (CAGR) of 11.0 percent between 2022
and 2030. Market growth is being spurred by
rising consumer understanding of the health
benefits of vegan diets. The best substitute for
cow's milk and other animal milks is plant milk,
which includes soy, almond, coconut, oat, and
rice milks. Plant milk is popular among consumers
because of its many health benefits, including
its high vitamin, mineral, carbohydrate, and
protein content. It finds use in the food and
drink, dairy, and cosmetics sectors. Thus, it is
expected that rising knowledge of plant milk and
its nutritious potential will increase demand for
plant milk during the projection period.Plant
milks can be used for a wide variety of dishes
and drinks. Many different items rely on it to
enhance their flavor and scent. Vitamins A, D,
and B12 are present, as well as calcium, vital
minerals, omega-3 fatty acids, and other
nutrients. Consumers expect the market to expand
because of the high demand. Infant lactose
intolerance is also contributing to the growth of
the plant milk industry. Symptoms including
bloating, diarrhea, and abdominal cramps are
caused by lactose, which is found in higher
concentrations in milk than in plant milk.

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By Region
North America, Latin America, the Middle East,
Asia-Pacific, Africa, Europe, and India are just
few of the geographical segments that make up the
worldwide Plant Milk market. The worldwide Plant
Milk region is poised to become the dominant
player in the global Plant Milk market in the
near future. North America is projected to have
the greatest revenue share in the worldwide
plant-based market as a result of the region's
rapidly expanding vegan population. The rapidly
growing demand for dairy substitutes in North
America is expected to play a major role in the
region's economic development in the next years.
There has been a significant movement in consumer
preferences and the adoption of a healthy diet in
the United States, all of which are expected to
contribute to the expansion of the plant-based
milk market in North America.The health benefits
of plant-based milk are driving increased
consumption in Asia, which is expected to fuel
the region's rapid expansion during the
projection period. Asian countries like China,
India, and South Korea, among others, have an
abundance of the raw materials needed to produce
plant-based milk, such as soy and rice, which
will continue to fuel the rise of the plant-based
milk market
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The Global Plant Milk Market has been segmented
into

• By Packaging
• Cartoons
• Bottles
• Pouches

• By Type
• Soy
• Almond
• Rice
• Coconut
• Others

• By Product
• Plain
• Flavoured

• By Formulation
• Unsweetened
• Sweetened

• By Sales Channel
• Supermarkets
• Speciality stores
• Pharmacies
• Online Stores

• By End-User
• Infant Formula
• Dairy Products
• Bakery and Confectionery

• By Category
• Organic
• Conventional

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The Global Plant Milk Market has been segmented
into

• By Region
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

• By Region
• North America
• US
• Canada
• Mexico
• Rest of North America
• The Middle East Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

• By Region
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific

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Strategic Development
In January 2023 - Reitan, a significant retailer
in the Nordic and Baltic regions, and Oatly Inc.
just announced an expansion of their
relationship. In Sweden, Reitan owns and operates
approximately 300 Pressbyrn and 90 7-Eleven
convenience stores. This partnership will assist
the company in expanding its business and
attracting new customers. In 2021 - Silk
announced the introduction of its new product,
Silk Oat. This launch has expanded the company's
product line, thereby luring a larger customer
base. In January 2019 - Almond milk was added to
Costa Coffee's menu to satisfy the growing demand
for vegan options. In February 2019 - Califia
Farms released Übermilk, a line of protein- and
nutrient-rich oat milk beverages.
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Market Players

• Ripple Foods
• Danone
• WhiteWave Foods
• Archer-Daniels-Midland
• Hain Celestial Group
• Daiya Foods
• Califia Farms
• Freedom Foods

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