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Plant-Based Milk Market By Formulation (Flavored Formulation, Plain Formulation), By Type (Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, Hemp Milk), By Distribution Channel (Super Markets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores), By Application (Food, Beverages), Others), Regional Outlook, Competitive Landscape, Market Share Analysis and Forecast, 2023-2030

Type: PDF

Status: Syndicate

Categories: Food & Beverage

Report Code : FB23

No. of Pages : 150

The Plant-Based milk market is expected to record a revenue of US$ 14 Bn in 2023. A plant-based milk, is used as the main substitute of milk. It is obtained from cereals (oats, wheat, rice, and barley among others), nuts, and seeds. Dairy alternatives have low fat and low cholesterol content than milk products and does not contain lactose that has medical benefits especially for the lactose intolerant people.

Increasing incidences of lactose intolerance among individuals across the globe, the rising number milk allergies, innovative product launches and smart marketing and sales promotional strategies followed by the market players are the some of the main factors driving market demand for dairy alternatives. Tedious process of legal, regulatory inspection and the relatively lower level of protein present in these dairy alternatives is likely restrain market growth.

The global Plant-Based Milk market is segmented on the basis of Formulation, Type, Distribution Channel, and Application. The global Plant-Based Milk market is segmented based on Formulation as Flavoured Formulation and Plain Formulation. Based on Type the global Plant-Based Milk market is segregated as Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, Hemp Milk, and Others. Based on Distribution Channel the global Plant-Based Milk market is segmented as Super Markets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, and Others.

Based on Application, the global Plant-Based Milk market is segmented in Food, Beverages, and Others.

The regional outlook on the global Plant-Based Milk market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Plant-Based Milk market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Landscape

The WhiteWave Food Company under brand name Danone has a bank of about 4,000 different kinds of bacteria that it can apply to plant proteins, plans to triple sales of its plant-based products to €5 billion by 2025. The global Plant-Based Milk market is highly competitive in nature with major players including The WhiteWave Food Company, Blue Diamond Growers, Archer Daniels Midland Company, The Hain Celestial Group Inc., Eden Foods Inc., Panos Brands LLC, Earth’s Own Food Company, Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd, CP Kelco, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Plant-Based Milk market. Market players are also involved in value chain integration gain competitive advantage.

Report Scope:

The Plant-Based Milk market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2023 to 2030. The market segmentations include,

Plant-Based Milk Market, By Formulation

  • Flavoured Formulation
  • Plain Formulation

Plant-Based Milk Market, By Type

  • Soy Milk
  • Almond Milk
  • Coconut Milk
  • Rice Milk
  • Oat Milk
  • Hemp Milk
  • Others

Plant-Based Milk Market, By Distribution Channel

  • Super Markets
  • Health Food Stores
  • Pharmacies
  • Convenience Stores
  • Online Stores
  • Others

Plant-Based Milk Market, By Application

  • Food
  • Beverages
  • Others

Plant-Based Milk Market, By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include The WhiteWave Food Company, Blue Diamond Growers, Archer Daniels Midland Company, The Hain Celestial Group Inc., Eden Foods Inc., Panos Brands LLC, Earth’s Own Food Company, Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd, CP Kelco, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.

Report Highlights

  • Global Plant-Based Milk market sizes from 2023 to 2030
  • Market growth projections through 2025 and the resultant market forecast for 2025
  • Impact of the market dynamics including market drivers, restraints and opportunities in the market size
  • Key industry trends, product trends, and application trends
  • Major driving/ leading segmentations, regions and countries in the global Plant-Based Milk market
  • Competitive analysis with comprehensive company profiles of the leading industry players
  • In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition

Report Customizations

The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.

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. Introduction

1.1 Key Insights

1.2 Report Overview

1.3 Markets Covered

1.4 Stakeholders

  1. Research Methodology

2.1 Research Scope

2.2 Market Research Process

2.3 Research Data Analysis

2.4.1 Secondary Research

2.4.2 Primary Research

2.4.3 Models for Estimation

2.5 Market Size Estimation

2.5.1 Bottom-Up Approach - Segmental Market Analysis

2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

4.1 Introduction

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.2.4 Challenges

4.2 Porter's Five Force Analysis

  1. Plant-Based Milk Market, By Formulation

5.1 Introduction

5.2 Flavoured Formulation

5.2.1 Market Overview

5.2.2 Market Size and Forecast

5.3 Plain Formulation

5.3.1 Market Overview

5.3.2 Market Size and Forecast

  1. Plant-Based Milk Market, By Type

6.1 Introduction

6.2 Soy Milk

6.2.1 Market Overview

6.2.2 Market Size and Forecast

6.3 Almond Milk

6.3.1 Market Overview

6.3.2 Market Size and Forecast

6.4 Coconut Milk

6.4.1 Market Overview

6.4.2 Market Size and Forecast

6.5 Rice Milk

6.5.1 Market Overview

6.5.2 Market Size and Forecast

6.6 Oat Milk

6.6.1 Market Overview

6.6.2 Market Size and Forecast

6.7 Hemp Milk

6.7.1 Market Overview

6.7.2 Market Size and Forecast

6.8 Others

6.8.1 Market Overview

6.8.2 Market Size and Forecast

  1. Plant-Based Milk Market, By Distribution Channel

7.1 Introduction

7.2 Super Markets

7.2.1 Market Overview

7.2.2 Market Size and Forecast

7.3 Health Food Stores

7.3.1 Market Overview

7.3.2 Market Size and Forecast

7.4 Pharmacies

7.4.1 Market Overview

7.4.2 Market Size and Forecast

7.5 Convenience Stores

7.5.1 Market Overview

7.5.2 Market Size and Forecast

7.6 Online Stores

7.6.1 Market Overview

7.6.2 Market Size and Forecast

7.7 Others

7.7.1 Market Overview

7.7.2 Market Size and Forecast

  1. Plant-Based Milk Market, By Application

8.1 Introduction

8.2 Food

8.2.1 Market Overview

8.2.2 Market Size and Forecast

8.3 Beverages

8.3.1 Market Overview

8.3.2 Market Size and Forecast

8.4 Others

8.4.1 Market Overview

8.4.2 Market Size and Forecast

  1. Plant-Based Milk Market, By Geography

9.1 Introduction

9.2 North America

9.2.1 North America Plant-Based Milk, By Formulation

9.2.2 North America Plant-Based Milk, By Type

9.2.3 North America Plant-Based Milk, By Distribution Channel

9.2.4 North America Plant-Based Milk, By Application

9.3 Europe

9.3.1 Europe Plant-Based Milk, By Formulation

9.3.2 Europe Plant-Based Milk, By Type

9.3.3 Europe Plant-Based Milk, By Distribution Channel

9.3.4 Europe Plant-Based Milk, By Application

9.4 Asia-Pacific

9.4.1 Asia-Pacific Plant-Based Milk, By Formulation

9.4.2 Asia-Pacific Plant-Based Milk, By Type

9.4.3 Asia-Pacific Plant-Based Milk, By Distribution Channel

9.4.4 Asia-Pacific Plant-Based Milk, By Application

9.5 Rest of the World

9.5.1 Rest of the World Plant-Based Milk, By Formulation

9.5.2 Rest of the World Plant-Based Milk, By Type

9.5.3 Rest of the World Plant-Based Milk, By Distribution Channel

9.5.4 Rest of the World Plant-Based Milk, By Application

  1. Competitive Insights

10.1 Key Insights

10.2 Company Market Share Analysis

10.3 Strategic Outlook

10.3.1 Mergers & Acquisitions

10.3.2 New Product Development

10.3.3 Portfolio/Production Capacity Expansions

10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

10.3.5 Others

  1. Company Profiles

11.1 The WhiteWave Food Company,

11.1.1 Company Overview

11.1.2 Product/Service Landscape

11.1.3 Financial Overview

11.1.4 Recent Developments

11.2 Blue Diamond Growers

11.2.1 Company Overview

11.2.2 Product/Service Landscape

11.2.3 Financial Overview

11.2.4 Recent Developments

11.3 Archer Daniels Midland Company

11.3.1 Company Overview

11.3.2 Product/Service Landscape

11.3.3 Financial Overview

11.3.4 Recent Developments

11.4 The Hain Celestial Group Inc.

11.4.1 Company Overview

11.4.2 Product/Service Landscape

11.4.3 Financial Overview

11.4.4 Recent Developments

11.5 Eden Foods Inc.

11.5.1 Company Overview

11.5.2 Product/Service Landscape

11.5.3 Financial Overview

11.5.4 Recent Developments

11.6 Panos Brands LLC

11.6.1 Company Overview

11.6.2 Product/Service Landscape

11.6.3 Financial Overview

11.6.4 Recent Developments

11.7 Earth’s Own Food Company

11.7.1 Company Overview

11.7.2 Product/Service Landscape

11.7.3 Financial Overview

11.7.4 Recent Developments

11.8 Daiya Foods Inc.

11.8.1 Company Overview

11.8.2 Product/Service Landscape

11.8.3 Financial Overview

11.8.4 Recent Developments

11.9 SunOpta Inc.

11.9.1 Company Overview

11.9.2 Product/Service Landscape

11.9.3 Financial Overview

11.9.4 Recent Developments

11.10 Freedom Foods Group Ltd

11.10.1 Company Overview

11.10.2 Product/Service Landscape

11.10.3 Financial Overview

11.10.4 Recent Developments

11.11 CP Kelco 

11.11.1 Company Overview

11.11.2 Product/Service Landscape

11.11.3 Financial Overview

11.11.4 Recent Developments

A detailed comprehensive approach has been used while estimating the market. The market research estimation is preceded by market sizing and forecasting. The research starts with the collection of data i.e. secondary research (free databases, paid databases, company websites, trade data, production data, and journals, )and primary (expert interviews). A lot of primary interviews have been conducted with key vendors and leading players in the market. Spanning the entire value chain of an industry, the information has been collected right from the raw material supplier to the end users.

The markets have been analyzed demand side and supply side in order to generate the market data and forecast. The reports are delivered by expert analysts and market researchers that help clients in understanding the complete intricacies and nuances of demand side and supply markets. Various secondary sources, databases, directories such as Factiva, Hoovers, Bloomberg Businessweek, and OneSource are being used to analyze the market. Through secondary research, crucial information such major types, application, end-users, key companies, production, consumption, export, import, major developments, merger, acquisitions, cost, pricing information, new product development, value chain, supply chain, revenues, market share analysis, growth rates, key regions, drivers, restraints, opportunities, future prospects.

Expert interviews are being conducted with the primary respondents i.e. key market players, C-level, D-level executives of the key companies, subject matter experts (SMEs) to acquire and validate crucial quantitative and qualitative information, and future market prospects.

Research Approach

The top down and bottom up approaches, market modeling according to the topic, are some of the approaches undertaken. Once the data is collected, the findings are verified by in-house leading domain experts.

Supply side market is estimated by considering various factors such as capacity, cost margin, profit margin, disruptive technologies, policies, competition and government regulation. Demand side market is analyzed  by considering various customer expectation, end use trends, price, regional demands and trends, macro-economic factors and micro economic factors.

Key Data from Secondary Sources

  • Coronavirus Disease 2019 (Covid-19) Impact Will Have A Severe Impact On Asia Growth
  • Covid-19 Impact: Asia GDP Growth, 2023, 2024 And 2025 Projections
  • Export, Import Data
  • Production Data
  • Revenues
  • World Economic Outlook Projections
  • Market Top Trends
  • Technological Innovations
  • Competition Analysis
  • Porter's Five Forces Analysis
  • Suppliers, 

Key Data From Primary Sources

  • Validation of Asia production, consumption numbers
  • Insights on market dynamics, i.e. the drivers, restraints, and opportunities of the Plant-Based Milk Market
  • Validation of the market segmentation done by product type, by technology and by geography
  • Average retail prices of various product types and in the various countries
  • Estimates and forecasts, in terms of volumes and revenues
  • Key playing fields and winning-edge imperatives
  • Competitive landscapes; key players in the market; strategic directives, and operational strengths
  • Market size and forecast for key regions, countries in America, Asia-Pacific, Europe, and Rest of the World.
  • Trends, market insights, and dynamics of surfactant market
  • Supply chain references
  • Future market estimations and expected growth rates

 

Global United Research

Report Code

FB23

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US$ 3500

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