Market Overview:
The global plant-based milk market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The plant-based milk market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into legumes, cereals, nuts, seeds and other types. The legumes segment accounted for a major share of the global plant-based milk market in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to factors such as high nutritional value offered by legumes compared with other types of plant-based milk products and increasing awareness about benefits associated with consumption of these products among consumers across regions.
Product Definition:
Plant-based milk is a lactose-free or low-lactose beverage made from nuts, seeds, grains, or legumes. It can be used as a substitute for cow's milk in tea, coffee, cereal and recipes.
Legumes:
The legumes, are the seed of certain plants that includes soybeans, peas, lentils and peanuts among others. The consumption of legumes in food is increasing day by day due to its nutritional value which helps in preventing Cardiovascular Diseases (CVDs), diabetes and some types of cancer. It also helps to regulate blood pressure levels as well as improve digestion.
Cereals:
Cereals are the main source of energy for the body and help in providing nutrition to the cells. They consist of vitamins, minerals, proteins, fiber and carbohydrates. Vitamins are essential for growth & development as well as maintaining a healthy metabolism. Fiber helps in lowering blood cholesterol levels and is important for overall health & wellbeing. Proteins help build muscle tissues and strengthen bones while carbohydrates provide energy during workout sessions or even after a long day's work.
Application Insights:
The supermarkets and hypermarkets segment led the global market in 2017. This is attributed to growing consumer preference for foods, which are low in fat and cholesterol. Plant based milk is a great substitute for dairy milk as it contains lower amount of lactose and fats, which makes it more appealing compared to cow's milk. Moreover, increasing demand from health-conscious consumers has driven supermarkets and hypermarkets owners to stock plant based products like soy yogurt, soymilk etc., thereby driving the growth of the segment.
Specialist retailers accounted for 20% share of the overall revenue in 2017 owing to rising awareness about healthy lifestyle among consumers across countries like U.S., China etc.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing vegan population and increasing awareness about plant-based products. The U.S., in particular, is one of the most important markets for these beverages as it is one of the top exporters of legumes and nuts worldwide. Moreover, major companies are launching new products to gain a competitive edge in this industry by offering innovative beverages with better taste and texture compared to traditional counterparts. For instance, In January 2018, Silk soy milk launched an ad campaign on social media sites such as Facebook and Twitter highlighting that its product has 50% less saturated fat than dairy milk while providing same amount of calcium; therefore it can reduce risk of cardiovascular diseases (CVDs).
Growth Factors:
- Increasing awareness about the health benefits of plant-based milk over dairy milk.
- Rising demand for vegan and lactose-free products.
- Growing number of health-conscious consumers preferring plant-based milk alternatives over dairy milk products for their nutritional value and fewer calories.
- The increasing popularity of plant-based diets among millennials is also propelling the growth of the plant based milk market as this generation is more inclined towards healthy eating habits than any other generation before it .
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Based Milk Market Research Report
By Type
Legumes, Cereals, Nuts, Seeds, Other
By Application
Supermarkets and Hypermarkets, Specialist Retailers, Online Retailers, Other
By Companies
Archer Daniels Midland, Nestle, WhiteWave Foods, Hain Celestial Group, Daiya Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Plant Based Milk Market Report Segments:
The global Plant Based Milk market is segmented on the basis of:
Types
Legumes, Cereals, Nuts, Seeds, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets and Hypermarkets, Specialist Retailers, Online Retailers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland
- Nestle
- WhiteWave Foods
- Hain Celestial Group
- Daiya Foods
Highlights of The Plant Based Milk Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Legumes
- Cereals
- Nuts
- Seeds
- Other
- By Application:
- Supermarkets and Hypermarkets
- Specialist Retailers
- Online Retailers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Based Milk Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant Based Milk is milk that is made from plant-based sources, such as soy, almond, hemp or rice.
Some of the key players operating in the plant based milk market are Archer Daniels Midland, Nestle, WhiteWave Foods, Hain Celestial Group, Daiya Foods.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Based Milk Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant Based Milk Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant Based Milk Market - Supply Chain
4.5. Global Plant Based Milk Market Forecast
4.5.1. Plant Based Milk Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant Based Milk Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plant Based Milk Market Absolute $ Opportunity
5. Global Plant Based Milk Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plant Based Milk Market Size and Volume Forecast by Type
5.3.1. Legumes
5.3.2. Cereals
5.3.3. Nuts
5.3.4. Seeds
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plant Based Milk Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plant Based Milk Market Size and Volume Forecast by Application
6.3.1. Supermarkets and Hypermarkets
6.3.2. Specialist Retailers
6.3.3. Online Retailers
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plant Based Milk Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plant Based Milk Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plant Based Milk Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plant Based Milk Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plant Based Milk Demand Share Forecast, 2019-2026
9. North America Plant Based Milk Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plant Based Milk Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plant Based Milk Market Size and Volume Forecast by Application
9.4.1. Supermarkets and Hypermarkets
9.4.2. Specialist Retailers
9.4.3. Online Retailers
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plant Based Milk Market Size and Volume Forecast by Type
9.7.1. Legumes
9.7.2. Cereals
9.7.3. Nuts
9.7.4. Seeds
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plant Based Milk Demand Share Forecast, 2019-2026
10. Latin America Plant Based Milk Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plant Based Milk Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plant Based Milk Market Size and Volume Forecast by Application
10.4.1. Supermarkets and Hypermarkets
10.4.2. Specialist Retailers
10.4.3. Online Retailers
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plant Based Milk Market Size and Volume Forecast by Type
10.7.1. Legumes
10.7.2. Cereals
10.7.3. Nuts
10.7.4. Seeds
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plant Based Milk Demand Share Forecast, 2019-2026
11. Europe Plant Based Milk Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plant Based Milk Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plant Based Milk Market Size and Volume Forecast by Application
11.4.1. Supermarkets and Hypermarkets
11.4.2. Specialist Retailers
11.4.3. Online Retailers
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plant Based Milk Market Size and Volume Forecast by Type
11.7.1. Legumes
11.7.2. Cereals
11.7.3. Nuts
11.7.4. Seeds
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plant Based Milk Demand Share, 2019-2026
12. Asia Pacific Plant Based Milk Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plant Based Milk Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plant Based Milk Market Size and Volume Forecast by Application
12.4.1. Supermarkets and Hypermarkets
12.4.2. Specialist Retailers
12.4.3. Online Retailers
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plant Based Milk Market Size and Volume Forecast by Type
12.7.1. Legumes
12.7.2. Cereals
12.7.3. Nuts
12.7.4. Seeds
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plant Based Milk Demand Share, 2019-2026
13. Middle East & Africa Plant Based Milk Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plant Based Milk Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plant Based Milk Market Size and Volume Forecast by Application
13.4.1. Supermarkets and Hypermarkets
13.4.2. Specialist Retailers
13.4.3. Online Retailers
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plant Based Milk Market Size and Volume Forecast by Type
13.7.1. Legumes
13.7.2. Cereals
13.7.3. Nuts
13.7.4. Seeds
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plant Based Milk Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plant Based Milk Market: Market Share Analysis
14.2. Plant Based Milk Distributors and Customers
14.3. Plant Based Milk Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Archer Daniels Midland
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Nestle
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. WhiteWave Foods
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hain Celestial Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daiya Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook