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Global Plant Milk Market - By Formulation: (Sweetened and Unsweetened.), By Source (Soy, Almond, Rice, Others) Market - Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028

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Plant milks are basically nondairy beverages prepared from plant extracts and are commonly called as dairy alternatives. Such water-based plant extract beverage is largely consumed as vegan product and offers a healthier alternative for people who do not prefer or like to consume food products from animal sources. Compared to nutrients amount in milk collected from animal and plant sources, the amount of nutrients in the milk extracted from plant saucers is less but these nutrients available in plant milk are exceedingly beneficial to overall health. Due to low level of nutrients, plant milk is fortified through the manufacturing process to add exact concentrations of micronutrients that generally includes calcium, vitamins A and D for making it healthier. Nowadays, plant-based milk alternatives are more widespread and popular Owing to large number of population, especially from developed regions now preferring food products that are not originated from animal sources. In addition, plant milk has become the vital component in vegan food consumers. Also, there are many other products that can be prepared by using plant milk includes ice cream, plant cream, vegan cheese, and yogurt. However, COVID-19 pandemic conditions adversely affected the overall market growth in year 2020 owing to strict lockdowns and decreased demand.
 
Plant milk market is categorized based on formulation and source. The plant milk is primarily available in sweetened and unsweetened form. The unsweetened form or the basic form of plant milk is largely consumed all over the world. Plant milk can be extracted from different sources including, soy, almond, rice, and others. Demand of soy milk is more owing to its easy availability, high nutritional value, and low cost.
 
Focus of major players on organic growth strategies is also expected to expand their presence with mergers and acquisitions, key players in the market include Danone S.A., Earth’s Own Food Company, Califia Farms, LLC, Oatly AB, Campbell Soup Company, Blue Diamond Growers, Elmhurst Milked Direct LLC, Organic Valley, Ripple Foods PBC., and Hain Celestial Group Inc. among others.

Global Plant Milk Market, By Formulation

Based on the formulation, the global plant milk market is bifurcated into the following
  • Sweetened
  • Unsweetened.
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Plant Milk Value Share, By Formulation, 2019 & 2028(% Value)


In 2020, Unsweetened segment held the largest share by formulation. The segment held around 68% of the total revenue share in the global market in 2020. High demand for basic form of plant milk is driving the growth of unsweetened segment.

Global Plant Milk Market, By Sources

Based on the sources, the global plant milk market is bifurcated into the following
  • Soy
  • Almond
  • Rice
  • Others
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Plant Milk Value Share, By Source, 2019 & 2028(% Value)


In 2020, Soy segment held the largest share of the market, due to its high nutritional content, low price, and easy availability. Also almond segment is expected to register rapid growth during the forecast period, owing to its growing popularity among health conscious people.
 
Global Plant Milk Market, By Geography

Based on geography, the plant milk market is segmented into following:
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

Global Plant Milk Value Share, By Geography, 2019 & 2028(% Value)


In 2020, Asia Pacific dominated the overall plant milk market. Changing food habitats, growing demand of plant-based food products, growing disposable income, and increasing vegan culture is contributing towards the growth of market in the region.
Chapter 1 Preface
        1.1 Report Description
                1.1.1 Aim of the Report
                1.1.2 Report Target Audience
                1.1.3 Report Offering
        1.2 Research Scope
        1.3 Research Methodology
                1.3.1 Phase I – Secondary Research
                1.3.2 Phase II – Primary Research
                1.3.3 Phase III – Expert Panel Review
                1.3.4 Assumptions
                1.3.5 Top-Down and Bottom-Up Approach

Chapter 2 Executive Summary
        2.1 Market Snapshot: Global Plant Milk Market
        2.2 Global Plant Milk Market, By Formulation
        2.3 Global Plant Milk Market, By Source
        2.4 Global Plant Milk Market, By Geography

Chapter 3 Market Dynamics
        3.1 Product and Market Insights
                3.1.1 Global Plant Milk Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
        3.2 Market Dynamics
                3.2.1 Growth Drivers
                3.2.2 Market Restraints
                3.2.3 Impact Analysis of Drivers and Restraints
                3.2.4 COVID-19 Impact
        3.3 Attractive Investment Proposition
        3.4 Competitive Analysis
                3.4.1 Competitive Landscape in the Plant Milk Market

Chapter 4 Global Plant Milk Market Analysis, By Formulation
        4.1 Overview
        4.2 Sweetened
                4.2.1 Global Sweetened Market Value, 2018 – 2028, (US$ Mn)
        4.3 Unsweetened
                4.3.1 Global Unsweetened Market Value, 2018 – 2028, (US$ Mn)

Chapter 5 Global Plant Milk Market Analysis, By Source
        5.1 Overview
        5.2 Soy
                5.2.1 Global Soy Market Value, 2018 – 2028, (US$ Mn)
        5.3 Almond
                5.3.1 Global Almond Market Value, 2018 – 2028, (US$ Mn)
        5.4 Rice
                5.4.1 Global Rice Market Value, 2018 – 2028, (US$ Mn)
        5.5 Others
                5.5.1 Global Others Market Value, 2018 – 2028, (US$ Mn)

Chapter 6 North America Plant Milk Market Analysis
        6.1 Overview
        6.2 North America Plant Milk Market Analysis, By Formulation, 2018 – 2028
                6.2.1 Market Analysis
        6.3 North America Plant Milk Market Analysis, By Source, 2018 – 2028
                6.3.1 Market Analysis
        6.4 North America Plant Milk Market Analysis, By Country, 2018 – 2028
                6.4.1 Market Analysis
                6.4.2 U.S.
                6.4.3 Canada

Chapter 7 Europe Plant Milk Market Analysis
        7.1 Overview
        7.2 Europe Plant Milk Market Analysis, By Formulation, 2018 – 2028
                7.2.1 Market Analysis
        7.3 Europe Plant Milk Market Analysis, By Source, 2018 – 2028
                7.3.1 Market Analysis
        7.4 Europe Plant Milk Market Analysis, By Country, 2018 – 2028
                7.4.1 Market Analysis
                7.4.2 UK
                7.4.3 Germany
                7.4.4 France
                7.4.5 Rest of Europe

Chapter 8 Asia Pacific Plant Milk Market Analysis
        8.1 Overview
        8.2 Asia Pacific Plant Milk Market Analysis, By Formulation, 2018 – 2028
                8.2.1 Market Analysis
        8.3 Asia Pacific Plant Milk Market Analysis, By Source, 2018 – 2028
                8.3.1 Market Analysis
        8.4 Asia Pacific Plant Milk Market Analysis, By Country, 2018 – 2028
                8.4.1 Market Analysis
                8.4.2 China
                8.4.3 Japan
                8.4.4 India
                8.4.5 Rest of Asia Pacific

Chapter 9 Latin America Plant Milk Market Analysis
        9.1 Overview
        9.2 Latin America Plant Milk Market Analysis, By Formulation, 2018 – 2028
                9.2.1 Market Analysis
        9.3 Latin America Plant Milk Market Analysis, By Source, 2018 – 2028
                9.3.1 Market Analysis
        9.4 Latin America Plant Milk Market Analysis, By Country, 2018 – 2028
                9.4.1 Market Analysis
                9.4.2 Mexico
                9.4.3 Brazil
                9.4.4 Rest of Latin America

Chapter 10 Middle East and Africa (MEA) Plant Milk Market Analysis
        10.1 Overview
        10.2 MEA Plant Milk Market Analysis, By Formulation, 2018 – 2028
                10.2.1 Market Analysis
        10.3 MEA Plant Milk Market Analysis, By Source, 2018 – 2028
                10.3.1 Market Analysis
        10.4 MEA Plant Milk Market Analysis, By Country, 2018 – 2028
                10.4.1 Market Analysis
                10.4.2 GCC Countries
                10.4.3 South Africa
                10.4.4 Rest of MEA

Chapter 11 Company Profiles
        11.1 Danone S.A.
                11.1.1 Danone S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.2 Earth’s Own Food Company
                11.2.1 Earth’s Own Food Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.3 Califia Farms, LLC
                11.3.1 Califia Farms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.4 Oatly AB
                11.4.1 Oatly AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.5 Campbell Soup Company
                11.5.1 Campbell Soup Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
                11.1 Blue Diamond Growers
                        11.1.1 Blue Diamond Growers: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
                11.2 Elmhurst Milked Direct LLC
                        11.2.1 Elmhurst Milked Direct LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
                11.3 Organic Valley
                        11.3.1 Organic Valley: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
                11.4 Ripple Foods PBC.
                        11.4.1 Ripple Foods PBC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
                        11.1 Hain Celestial Group Inc.
                                11.1.1 Hain Celestial Group Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

List of Figures                

FIG. 1 Global Plant Milk Market: Research Methodology
FIG. 2 Top-Down and Bottom Up Approach
FIG. 3 Global Plant Milk Market, By Formulation, 2020 (US$ Mn)
FIG. 4 Global Plant Milk Market, By Source, 2020 (US$ Mn)
FIG. 5 Global Plant Milk Market, By Geography, 2020 (US$ Mn)
FIG. 6 Global Plant Milk Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 7 Attractive Investment Proposition
FIG. 8 Market Positioning of Key Plant Milk Providers, 2020
FIG. 9 Global Plant Milk Market Value Share, By Formulation, 2020 & 2028 (% Value)
FIG. 10 Global Sweetened Market Value, 2018 – 2028, (US$ Mn)
FIG. 11 Global Unsweetened Market Value, 2018 – 2028, (US$ Mn)
FIG. 12 Global Plant Milk Market Value Share, By Source, 2020 & 2028 (% Value)
FIG. 13 Global Soy Market Value, 2018 – 2028, (US$ Mn)
FIG. 14 Global Almond Market Value, 2018 – 2028, (US$ Mn)
FIG. 15 Global Rice Market Value, 2018 – 2028, (US$ Mn)
FIG. 16 Global Others Market Value, 2018 – 2028, (US$ Mn)
FIG. 17 U.S. Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 18 Canada Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 19 UK Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 20 Germany Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 21 France Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 22 Rest of Europe Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 23 China Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 24 Japan Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 25 India Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 26 Rest of Asia Pacific Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 27 Mexico Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 28 Brazil Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 29 Rest of Latin America Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 30 GCC Countries Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 31 South Africa Plant Milk Market Value, 2018 – 2028, (US$ Mn)
FIG. 32 Rest of MEA Plant Milk Market Value, 2018 – 2028, (US$ Mn)       

List of Tables

TABLE 1 Market Snapshot: Global Plant Milk Market
TABLE 2 Impact Pointers
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Plant Milk Market Value, By Formulation, 2018 – 2028
TABLE 5 North America Plant Milk Market Value, By Source, 2018 – 2028
TABLE 6 North America Plant Milk Market Value, By Country, 2018 – 2028
TABLE 7 Europe Plant Milk Market Value, By Formulation, 2018 – 2028
TABLE 8 Europe Plant Milk Market Value, By Source, 2018 – 2028
TABLE 9 Europe Plant Milk Market Value, By Country, 2018 – 2028
TABLE 10 Asia Pacific Plant Milk Market Value, By Formulation, 2018 – 2028
TABLE 11 Asia Pacific Plant Milk Market Value, By Source, 2018 – 2028
TABLE 12 Asia Pacific Plant Milk Market Value, By Country, 2018 – 2028
TABLE 13 Latin America Plant Milk Market Value, By Formulation, 2018 – 2028
TABLE 14 Latin America Plant Milk Market Value, By Source, 2018 – 2028
TABLE 15 Latin America Plant Milk Market Value, By Country, 2018 – 2028
TABLE 16 MEA Plant Milk Market Value, By Formulation, 2018 – 2028
TABLE 17 MEA Plant Milk Market Value, By Source, 2018 – 2028
TABLE 18 MEA Plant Milk Market Value, By Country, 2018 – 2028
TABLE 19 Danone S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 20 Earth’s Own Food Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 21 Califia Farms, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 22 Oatly AB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 23 Campbell Soup Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 24 Blue Diamond Growers: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25 Elmhurst Milked Direct LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26 Organic Valley: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27 Ripple Foods PBC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28 Hain Celestial Group Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
No Methodology
No Available