Due to the COVID-19 pandemic, the global Milk Substitutes market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Milk Substitutes market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Milk Substitutes landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Coffee Creamers accounting for % of the Milk Substitutes global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Drinks segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Milk Substitutes include FrieslandCampina, DEK(Grandos), DMK(TURM-Sahne GmbH), Cocomi, Caribbean, Maggi, Fiesta, Renuka and Cocos, etc. In terms of revenue, the global 3 largest players have a % market share of Milk Substitutes in 2021.
This report focuses on Milk Substitutes volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Milk Substitutes market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Milk Substitutes Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Coffee Creamers
Coconut Milk
Other
Segment by Application
Drinks
Food
Other
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
FrieslandCampina
DEK(Grandos)
DMK(TURM-Sahne GmbH)
Cocomi
Caribbean
Maggi
Fiesta
Renuka
Cocos
Qbb
Thai-Choice
Ayam
Caprimo
Super Group
Yearrakarn
Custom Food Group
PT. Santos Premium Krimer
PT Aloe Vera
Suzhou Jiahe Foods Industry
Wenhui Food
Bigtree Group
Zhucheng Dongxiao Biotechnology
Jiangxi Weirbao Food Biotechnology
Hubei Hong Yuan Food
Fujian Jumbo Grand Food
Shandong Tianmei Bio
Amrut International