The Plant-based Milk Market is expected to reach $42.86 billion by 2029, at a CAGR of 11.9% during the forecast period of 2022 to 2029. Some of the major factors driving the growth of this market include an increase in cases of lactose intolerance and milk allergies, growing investments in plant-based milk marketspace, an increasing vegan and vegetarian population, and nutritional benefits of plant-based milk. Additionally, emerging economies provide significant growth opportunities for plant-based milk manufacturers. However, preference for animal-based milk and growing preference for soy and gluten-free products hinders the growth of the global plant-based milk market to some extent.
COVID-19 impact on the Plant-based Milk Market
In the upcoming years, Asia-Pacific is projected to account for the largest share of the plant-based milk industry. The region is witnessing favorable outcomes of COVID-19 for the plant-based milk industry. The pandemic has resulted in a sudden increase in the region's plant-based food and beverage products. The demand for plant-based milk is surging as suspicion over possible links between wild animal-based products. China is set to drive the industry’s growth, and the ongoing coronavirus and other public health fears could serve as catalysts. Even before the COVID-19, China was already facing animal-based product shortages due to the spread of some animal disease outbreaks. As a result, the country has been viewed as a major growth market for plant-based milk producers in recent years.
Further, retail chains in North America have prolonged shelf and storage space for plant protein-based products to cater to the growing demand. As of May 2020, this pandemic-driven panic buying led to sales of some plant-based coronavirus quarantine food and beverages, such as plant-based milk. In Europe, the outbreak of COVID and negative connotations with animal-based food will boost the European plant-based milk market. There is an increasing trend of veganism in Europe, which has pushed the growth of the plant-based milk industry.
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Increasing Vegan and Vegetarian Population Drives the Growth of the Plant-based Milk Market
In recent years, there has been a growing trend towards vegetarianism and veganism across the globe due to increasing awareness about health, concern for the environment, and compassion for animals. A 2018 Oxford University study – which is the most comprehensive analysis to date of the damage farming does to the planet – found that avoiding meat and dairy is the single biggest way to reduce the impact on the planet. It suggested animal farming provides just 18% of calories but takes up 83% of the earth’s farmland. Some of the detailed statistics on the vegetarian and vegan population across the globe are as follows:
The vegetarian population focuses on consuming products containing ingredients or components derived from plant sources. According to the Academy of Nutrition and Dietetics, appropriately planned vegetarian diets are healthful and nutritionally adequate as they reduce the risk of certain health conditions, including ischemic heart disease, type 2 diabetes, hypertension, certain types of cancer, and obesity. These diets are appropriate for all life cycle stages, including pregnancy, lactation, infancy, childhood, adolescence, older adulthood, and athletes. Hence, plant-based milk has started attracting some attention from these vegetarian or vegan consumers.
Further, with the growing trend among athletes and young consumers to adopt a vegan diet that includes only plant-based products, completely excluding animal-sourced dairy foods or drinks, demand for plant-based products such as plant-based milk is increasing. Consumers are also becoming more familiar with animal welfare, which is another factor steering them away from animal-based milk. Such changing trends in consumer food consumption foster demand for plant-based milk.
Thus, the increasing number of vegan and vegetarian population is strongly driving the market for plant-based milk across the globe.
Key Findings in the Global Plant-based Milk Market Study:
In 2022, the Almond Milk Segment is Estimated to Account for the Largest Share of the Plant-based Milk Market
Based on type, the global plant-based milk market is mainly segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and others. The almond milk segment is estimated to account for the largest share of the overall plant-based milk market in 2022. The leading position of this segment is mainly attributed to factors such as an increased number of consumers switching to nut-based lactose-free milk, changing taste preferences, and increasing general health & environmental concerns. This segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to increasing consumer preference for soy-free and gluten-free products.
In 2022, the Unflavored Segment is Estimated to Account for the Largest Share of the Plant-based Milk Market
Based on formulation, the global plant-based milk market is mainly segmented into unflavored and flavored. The unflavored segment is estimated to account for the largest share of the overall plant-based milk market in 2022. The leading position of this segment is mainly attributed to factors such as increased consumer demand for naturally dairy-free & sugar-free products and their clean taste and smooth texture properties, which blend seamlessly with various food and beverages recipes. However, the flavored segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing demand for ready-to-drink beverages.
In 2022, the Business-to-Customer Segment is Estimated to Account for the Largest Share of the Plant-based Milk Market
Based on distribution channel, the global plant-based milk market is mainly segmented into business to business and business to customers. The business to customers segment is estimated to account for the largest share of the overall plant-based milk market in 2022. The leading position of this segment is mainly attributed to factors such as consumers' preference for brick-and-mortar grocers, the growing online retail sector, urbanization, and the rising number of supermarkets and hypermarkets. This segment is expected to grow at the fastest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to increasing online retail.
Asia-Pacific: Fastest-growing Regional Market
Geographically, Asia-Pacific is estimated to account for the largest share of the overall plant-based milk market in 2022. The large share of this region is primarily attributed to increased awareness about a protein-rich diet, increased health consciousness, higher adoption of technological advancements in the F&B industry, and a larger vegan & vegetarian population base. This region is expected to grow at the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to expanding population, increasing popularity of the western diet, and increasing investment in the dairy alternatives sector.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by the leading market participants in the plant-based milk market during past four years. The key players profiled in the global plant-based milk market are Danone SA (France), Plamil Foods Ltd. (U.K.), Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium Health Wellbeing Company (Australia), Axiom Foods (U.S.), Earth's Own Food Company Inc. (Canada), Nestlé S.A. (Switzerland), SunOpta (Canada), American Soy Products (U.S.), Alpina Foods (U.S.), and Pacific Foods of Oregon, Inc. (U.S.).
Scope of the report
Plant-based Milk Market, by Type
Plant-based Milk Market, by Formulation
Plant-based Milk Market, by Distribution Channel
Plant-based Milk Market, by Geography
Key questions answered in the report:
The plant-based milk market is projected to reach $42.86 billion by 2029, at a CAGR of 11.9% during the forecast period.
Based on type, the almond segment is estimated to account for the largest share of the overall plant-based milk market in 2022. This segment is expected to grow at the fastest CAGR during the forecast period.
Based on distribution channel, the global plant-based milk market is segmented into business to business and business to customers. The business to customers segment is estimated to account for the largest share of the overall plant-based milk market in 2022.
This market is driven by the factors such as an increase in cases of lactose intolerance and milk allergies, growing investments in plant-based milk marketspace, an increasing vegan and vegetarian population, and nutritional benefits of plant-based milk. Additionally, emerging economies provide significant growth opportunities for plant-based milk manufacturers.
The emerging countries from Asia, Latin America, and the Middle East & Africa are projected to offer significant growth opportunities for vendors in this market.
The key players profiled in the global plant-based milk market are Danone SA (France), Plamil Foods Ltd. (U.K.), Hain Celestial Group, Inc. (U.S.), Sahmyook Foods (South Korea), Sanitarium Health Wellbeing Company (Australia), Axiom Foods (U.S.), Earth's Own Food Company Inc. (Canada), Nestlé S.A. (Switzerland), SunOpta (Canada), American Soy Products (U.S.), Alpina Foods (U.S.), and Pacific Foods of Oregon, Inc. (U.S.).
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3 Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-down Approach
2.3.1.3. Growth Forecast
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segment Analysis
3.2.1. Plant-based Milk Market, by Type
3.2.2. Plant-based Milk Market, by Formulation
3.2.3. Plant-based Milk Market, by Distribution Channel
3.3. Plant-based Milk Market: Regional Analysis
3.4. Market Competitors
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Increase in Cases of Lactose Intolerance and Milk Allergies
4.2.2. Growing Investments in Plant-Based Milk Marketspace
4.2.3. Increasing Vegan and Vegetarian Population
4.2.4. Nutritional Benefits of Plant-Based Dairy Products
4.3. Restraints
4.3.1. Preference for Animal-Based Milk
4.3.2. Growing Preference for Soy and Gluten-Free Products
4.4. Opportunities
4.4.1. Emerging Economies
4.5. Challenges
4.5.1. Fluctuating Raw Material Prices
5. Impact of COVID-19 on the Plant-based Milk Market
6. Plant-based Milk Market, by Type
6.1. Introduction
6.2. Almond Milk
6.3. Soy Milk
6.4. Coconut Milk
6.5. Oat Milk
6.6. Rice Milk
6.7. Others
7. Plant-based Milk Market, by Formulation
7.1. Introduction
7.2. Unflavored
7.3. Flavored
8. Plant-based Milk Market, by Distribution Channel
8.1. Introduction
8.2. B2B
8.3. B2C
8.3.1. Modern Groceries
8.3.2. Convenience Store
8.3.3. Specialty Store
8.3.4. Online Retail
8.3.5. Others
9. Plant-based Milk Market, by Geography
9.1. North America
9.1.1. U.S.
9.1.2. Canada
9.2. Europe
9.2.1. Germany
9.2.2. U.K.
9.2.3. Spain
9.2.4. Italy
9.2.5. France
9.2.6. The Netherlands
9.2.7. Belgium
9.2.8. Austria
9.2.9. Poland
9.2.10. Portugal
9.2.11. Rest of Europe (RoE)
9.3. Asia-Pacific
9.3.1. China
9.3.2. India
9.3.3. Japan
9.3.4. Australia
9.3.5. Thailand
9.3.6. South Korea
9.3.7. Rest of Asia-Pacific (RoAPAC)
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Argentina
9.4.4. Rest of Latin America (RoLATAM)
9.5. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking of Key Players
10.3.1. By Product Offering
10.3.2. Geographic Presence
11. Company Profiles
11.1. Danone SA
11.2. Plamil Foods Ltd.
11.3. Hain Celestial Group, Inc.
11.4. Sahmyook Foods
11.5. Sanitarium Health Wellbeing Company
11.6. Axiom Foods
11.7. Earth's Own Food Company Inc.
11.8. Nestlé S.A.
11.9. SunOpta
11.10. American Soy Products
11.11. Alpina Foods
11.12. Pacific Foods of Oregon, Inc.
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Global Plant-Based Milk Market: Impact Analysis of Market Drivers (2022–2029)
Table 2 Global Plant-Based Milk Market: Impact Analysis of Market Restraints (2022–2029)
Table 3 Global Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 4 Global Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 5 Almond Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 6 Almond Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 7 Soy Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 8 Soy Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 9 Coconut Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 10 Coconut Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 11 Oat Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 12 Oat Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 13 Rice Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 14 Rice Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 15 Other Plant-based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 16 Other Plant-based Milk Market Size, by Country/Region, 2020-2029 (Thousand Liters)
Table 17 Global Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 18 Unflavored Plant-based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 19 Flavored Plant-based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 20 Global Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 21 B2B Plant-Based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 22 B2C Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 23 B2C Plant-Based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 24 Plant-based Milk Market Size for Modern Groceries, by Country/Region, 2020-2029 (USD Million)
Table 25 Plant-based Milk Market Size for Convenience Stores, by Country/Region, 2020-2029 (USD Million)
Table 26 Plant-based Milk Market Size for Specialty Stores, by Country/Region, 2020-2029 (USD Million)
Table 27 Plant-based Milk Market Size for Online Retail Stores, by Country/Region, 2020-2029 (USD Million)
Table 28 Plant-based Milk Market Size for other B2C Distribution Channels, by Country/Region, 2020-2029 (USD Million)
Table 29 Global Plant-based Milk Market Size, by Country/Region, 2020-2029 (USD Million)
Table 30 North America: Plant-based Milk Market Size, by Country, 2020-2029 (USD Million)
Table 31 North America: Plant-based Milk Market Size, by Country, 2020-2029 (Thousand Liters)
Table 32 North America: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 33 North America: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 34 North America: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 35 North America: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 36 North America: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 37 U.S.: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 38 U.S.: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 39 U.S.: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 40 U.S.: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 41 U.S.: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 42 Canada: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 43 Canada: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 44 Canada: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 45 Canada: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 46 Canada: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 47 Europe: Plant-based Milk Market Size, by Country, 2020-2029 (USD Million)
Table 48 Europe: Plant-based Milk Market Size, by Country, 2020-2029 (Thousand Liters)
Table 49 Europe: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 50 Europe: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 51 Europe: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 52 Europe: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 53 Europe: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 54 Germany: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 55 Germany: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 56 Germany: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 57 Germany: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 58 Germany: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 59 U.K.: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 60 U.K.: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 61 U.K.: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 62 U.K.: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 63 U.K.: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 64 Spain: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 65 Spain: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 66 Spain: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 67 Spain: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 68 Spain: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 69 Italy: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 70 Italy: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 71 Italy: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 72 Italy: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 73 Italy: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 74 France: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 75 France: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 76 France: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 77 France: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 78 France: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 79 The Netherlands: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 80 The Netherlands: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 81 The Netherlands: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 82 The Netherlands: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 83 The Netherlands: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 84 Belgium: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 85 Belgium: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 86 Belgium: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 87 Belgium: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 88 Belgium: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 89 Austria: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 90 Austria: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 91 Austria: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 92 Austria: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 93 Austria: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 94 Poland: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 95 Poland: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 96 Poland: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 97 Poland: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 98 Poland: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 99 Portugal: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 100 Portugal: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 101 Portugal: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 102 Portugal: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 103 Portugal: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 104 Rest of Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 105 Rest of Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 106 Rest of Asia-Pacific: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 107 Rest of Asia-Pacific: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 108 Rest of Asia-Pacific: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 109 Asia-Pacific: Plant-based Milk Market Size, by Country, 2020-2029 (USD Million)
Table 110 Asia-Pacific: Plant-based Milk Market Size, by Country, 2020-2029 (Thousand Liters)
Table 111 Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 112 Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 113 Asia-Pacific: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 114 Asia-Pacific: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 115 Asia-Pacific: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 116 China: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 117 China: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 118 China: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 119 China: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 120 China: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 121 India: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 122 India: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 123 India: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 124 India: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 125 India: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 126 Japan: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 127 Japan: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 128 Japan: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 129 Japan: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 130 Japan: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 131 Australia: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 132 Australia: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 133 Australia: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 134 Australia: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 135 Australia: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 136 Thailand: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 137 Thailand: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 138 Thailand: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 139 Thailand: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 140 Thailand: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 141 South Korea: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 142 South Korea: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 143 South Korea: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 144 South Korea: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 145 South Korea: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 146 Rest of Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 147 Rest of Asia-Pacific: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 148 Rest of Asia-Pacific: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 149 Rest of Asia-Pacific: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 150 Rest of Asia-Pacific: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 151 Latin America: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 152 Latin America: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 153 Latin America: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 154 Latin America: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 155 Latin America: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 156 Brazil: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 157 Brazil: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 158 Brazil: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 159 Brazil: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 160 Brazil: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 161 Mexico: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 162 Mexico: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 163 Mexico: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 164 Mexico: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 165 Mexico: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 166 Argentina: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 167 Argentina: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 168 Argentina: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 169 Argentina: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 170 Argentina: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 171 Rest of Latin America: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 172 Rest of Latin America: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 173 Rest of Latin America: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 174 Rest of Latin America: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 175 Rest of Latin America: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 176 Middle East & Africa: Plant-based Milk Market Size, by Type, 2020-2029 (USD Million)
Table 177 Middle East & Africa: Plant-based Milk Market Size, by Type, 2020-2029 (Thousand Liters)
Table 178 Middle East & Africa: Plant-based Milk Market Size, by Formulation, 2020-2029 (USD Million)
Table 179 Middle East & Africa: Plant-based Milk Market Size, by Distribution Channel, 2020-2029 (USD Million)
Table 180 Middle East & Africa: Business-to-Consumer Plant-Based Milk Market Size, by Type, 2020-2029 (USD Million)
List of Figures
Figure 1 Market Ecosystem
Figure 2 Research Process
Figure 3 Key Secondary Sources
Figure 4 Primary Research Techniques
Figure 5 Key Executives Interviewed
Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 7 Market Sizing and Growth Forecast Approach
Figure 8 Almond Milk Segment to Witness Significant Market Growth During 2022–2029
Figure 9 Flavored Plant-based Milk Segment to Witness Significant Market Growth During 2022–2029
Figure 10 The B2C Distribution Channel Segment to Witness Significant Market Growth During 2022–2029
Figure 11 Global Plant-Based Milk Market Scenario, by Geography (2022)
Figure 12 Market Dynamics
Figure 13 Plant-Based Milk Market Size, by Type, 2022–2029 (USD Million)
Figure 14 Plant-Based Milk Market Size, by Type, 2022–2029 (Thousand Liters)
Figure 15 Plant-Based Milk Market Size, by Formulation, 2022–2029 (USD Million)
Figure 16 Plant-Based Milk Market Size, by Distribution Channel, 2022–2029 (USD Million)
Figure 17 B2C Plant-Based Milk Market Size, by Type, 2022–2029 (USD Million)
Figure 18 Plant-Based Milk Market Size, by Region, 2022–2029 (USD Million)
Figure 19 Plant-Based Milk Market Size, by Region, 2022–2029 (Thousand Liters)
Figure 20 North America: Plant-Based Milk Market Snapshot
Figure 21 Europe: Plant-Based Milk Market Snapshot
Figure 22 Asia-Pacific: Plant-Based Milk Market Snapshot
Figure 23 Latin America: Plant-Based Milk Market Snapshot
Figure 24 Middle East & Africa: Plant-Based Milk Market Snapshot
Figure 25 Key Growth Strategies Adopted by Leading Players (2019-2022)
Figure 26 Global Plant-Based Milk Market: Competitive Benchmarking, by Type
Figure 27 Danone Sa: Financial Overview, 2021
Figure 28 The Hain Celestial Group, Inc.: Financial Overview, 2021
Figure 29 Nestlé S.A: Financial Overview, 2021
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Nov-2022
Published Date: Sep-2022
Published Date: Aug-2022
