Plant Based Milk Substitutes are extracts from sources such as soy, almonds, coconuts, oats, rice is a best alternative for dairy milk and other animal milk present in the market. Due to its high nutritional values and rich in vitamins, minerals, carbohydrates and proteins plant milk is widely accepted among consumers. It has various applications in food and beverage, dairy industry.
This report contains market size and forecasts of Plant Based Milk Substitutes in global, including the following market information:
Global Plant Based Milk Substitutes Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Plant Based Milk Substitutes Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Plant Based Milk Substitutes companies in 2021 (%)
The global Plant Based Milk Substitutes market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Almond Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Plant Based Milk Substitutes include Earth’s Own Food Company, Blue Diamond Growers, Danone, Oatly, Califia Farms, Organic Valley, Campbell Soup Company, Elmhurst Milked Direct and SunOpta, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Plant Based Milk Substitutes manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Plant Based Milk Substitutes Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Plant Based Milk Substitutes Market Segment Percentages, by Type, 2021 (%)
Almond
Soy
Coconut
Rice
Others
Global Plant Based Milk Substitutes Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Plant Based Milk Substitutes Market Segment Percentages, by Application, 2021 (%)
Direct Drink
Confectionery
Bakery
Ice Cream
Others
Global Plant Based Milk Substitutes Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Plant Based Milk Substitutes Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Plant Based Milk Substitutes revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Plant Based Milk Substitutes revenues share in global market, 2021 (%)
Key companies Plant Based Milk Substitutes sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Plant Based Milk Substitutes sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Earth’s Own Food Company
Blue Diamond Growers
Danone
Oatly
Califia Farms
Organic Valley
Campbell Soup Company
Elmhurst Milked Direct
SunOpta
Ripple Foods
Living Harvest Foods
Panos Brands
Craze Foods
Kikkoman Corporation