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Plant Milk Market, By Formulation: (Sweetened and Unsweetened.), By Source (Soy, Almond, Rice, Others) Market - Growth, Future Prospects, Post COVID-19 Scenario 2020 - 2028

 Report Code
 Category
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MNR-1517
Food Service
30 July 2021
212
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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 morehealthy. 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:

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:

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:

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)
        
        
        
 

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