PLANT MILK MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2028)

2022-05-10 06:56:08 UTC | Food & Beverages
PLANT MILK MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2028)


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 .

 

 


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