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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
Plant-Based Milk Market, By Type
Plant-Based Milk Market, By Distribution Channel
Plant-Based Milk Market, By Application
Plant-Based Milk Market, By Region
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
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.
. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
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
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
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
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
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
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
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
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
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
Key Data From Primary Sources
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2. Quarterly Industry Update for 1 Year.
3. One research analyst will allocate to you.
4. Query will be resolved within 36 hours.
5. 24*7 Research Support.
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