The Final Report will cover the analysis of the Impact
of Covid-19 on this industry.
Plant-based milk consumption is growing tremendously across the globe,
due to numerous health benefits offered by plant-based milk, such as soy milk,
coconut milk, and others. The plant-based milk market is projected to expand at
a rapid pace over the forecast period, owing to rising consumer inclination
towards vegan food and beverages. Once presaged as an essential aspect of a balanced
diet in several cultures, dairy usage in some categories has witnessed a
decline over the past two decades, as consumers respond to the worries over
hormone usage, allergens, and the perceived unhealthy profile of some dairy
offerings. This has transformed the landscape for dairy producers, globally, as
they work towards keeping pace with the evolving consumption attitudes and the
distinctions in consumer attitudes from region to region, while cashing in on
the potential opportunities in dairy product consumption. Dairy alternatives
such as plant-based milk have a perceived health halo among consumers,
capturing the attention of dairy product providers.
According to
this latest study , Plant Milk Market
size is projected to reach USD 29.0 Billion units by 2027 from an estimated USD
12 Billion unit in 2019, growing at a CAGR of 11.2% globally.
Important
insights revealed in this Plant Milk Market report will enhance the financial progression
of the global market through which generating huge revenues is possible for
business players. Along with covering regional analysis, it also attempts to
shed light on competitive assessment for the forecast time span 2022-2028.
Moreover, it flashes light on some efficient sources to apply in the business
for accomplishing effective results and huge revenues. This Plant Milk Market research report equally
focuses on some of the most vital ways to deal with risks involved in the
business. It further captures market challenges, market dynamics including
drivers and restraints and pricing structure. By knowing this information, it
becomes easy for market players to ease the business processes and lead business
towards successful path.
Plant Milk Market - Size, Competitive Landscape and
Segmentation Analysis:
Plant Milk Market Reports provide a high-level
overview of market segments by product type, applications, leading
key players, and regions, as well as market statistics. The research
insights focus on the impact of the Covid-19 epidemic on performance
and offers a thorough examination of the current market and market dynamics.
This crucial understanding of the report's objective can help you make better
strategic decisions about investment markets by assessing elements that may
affect current and future market circumstances. The leading key players in the
Global and Regional market are summarized in a research to understand their
future strategies for growth in the market.
Segmentation of Plant Milk Market:
By Source, Plant Milk has been segmented into:
Coconut, Soy, Almond, Rice ,Oat
and others
By Application, Plant Milk has been segmented into:
Food and Beverage Industry, Household, Hotels and Restaurants, Others
Market
Segment by Regions and Countries Level Analysis:
·
North America (U.S., Canada, Mexico)
·
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
·
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
·
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
·
South America (Brazil, Argentina, Rest of South America)
Covid-19
Impact and Recovery Analysis on Industry:
We've kept
track of Covid-19's direct impact on this market as well as its indirect impact
on other industries. During the analysis period, the impact of the Covid-19
pandemic on the market is predicted to be significant. From a worldwide and
regional viewpoint, this report examines the influence of the pandemic on
the Plant Milk industry. The study
categories the Plant Milk industry by type, application, and consumer sector to
determine market size, market features, and market growth. It also includes a
thorough examination of the factors that influenced market development before
and after the Covid-19 pandemic. In addition, the research did a pest analysis
in the sector to investigate major influencers and entrance obstacles.
Scope of the Report
|
Report Metric |
Details |
|
Market
size available for years |
2016–2021 |
|
Base
year considered |
2021 |
|
Forecast
period |
2022–2028 |
|
Forecast
units |
Billion
(USD) |
|
Segments
covered |
Source,
Application, and Region |
|
Geographies
covered |
North
America, APAC, Europe, MEA, and Latin America |
|
Companies
covered |
Pacific Foods and Oregon, SunOpta, Earths
Danone, Hain Celestial, Vitasoy ,Freedom ,Nutritional Products, McCormick and
Company ,Goya Foods, Blue Diamonds
Growers, Chefs Choice Foods Co. Ltd. ,Oishi ,Earth’s Own Food Company, Oatly
AB, Califia Farms ,Ripple Foods ,Elmhurst Milked Direct LLC . |