The Plant-based Milk Market is projected to reach $47.55 billion by 2030, at a CAGR of 11.7% during the forecast period of 2023 to 2030. The growth of the plant-based milk market is driven by the high prevalence of lactose intolerance & allergies to cow milk, the growing focus on health & well-being, changing eating habits & consumers’ drive toward sustainability, and increasing investments & government support for plant-based industries. However, the high preference for animal-based milk products and the growing consumption of soy-free & gluten-free products restrain the growth of this market.
Emerging economies in Asia-Pacific and Latin America are expected to generate market growth opportunities. However, the fluctuating raw material prices are a major challenge for market stakeholders.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3-4 years. The key players profiled in the global plant-based milk market research report are Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada), Sanitarium Health and Wellbeing Company (Australia), Axiom Foods, Inc. (U.S.), Earth's Own Food Company, Inc. (Canada), Sunrise Soya Foods (Canada), Campbell Soup Company (U.S.), Danone S.A. (France), Plamil Foods Ltd. (U.K.), Sahmyook Foods (South Korea), Nestlé S.A. (Switzerland), Natura Foods (Canada), Blue Diamond Growers (U.S.), and Oatly Group AB (Sweden).
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High Prevalence of Lactose Intolerance & Allergies to Cow Milk to Spur the Global Plant-based Milk Market
Lactose intolerance is the inability of the body to digest lactose, the sugar present in milk. Lactose intolerance can be symptomatic or asymptomatic. In symptomatic populations, lactose intolerance can lead to diarrhea and stomach pain. Some of the statistics on lactose intolerance and allergies to cow milk are as follows:
With the high prevalence of lactose intolerance and allergies to cow milk, many consumers across the globe are switching to vegan diets, reducing milk consumption in some parts of the world. For instance, according to the United States Department of Agriculture (USDA) Economic Research Service (ERS) Food Availability (Per Capita) Data System, daily per capita fluid milk consumption in the U.S. has decreased over each of the past seven decades. The daily per capita fluid milk consumption in the U.S. decreased to 0.49 cups in 2019 from 0.62 cups, 0.69 cups, and 0.78 cups in 2010, 2000, and 1990, respectively.
With the increasing prevalence of lactose intolerance and allergies to cow milk, most dairy consumers have started preferring dairy alternatives made from plant-based sources, which, in turn, is driving the growth of the plant-based milk market.
Key Findings in the Global Plant-based Milk Market Study:
In 2023, the Almond Milk Segment is Expected to Dominate the Plant-based Milk Market
Based on type, the plant-based milk market is mainly segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and other plant-based milk. In 2023, the almond milk segment is expected to account for the largest share of the global plant-based milk market. The large market share of this segment is mainly attributed to factors such as the increasing number of consumers switching to nut-based lactose-free milk, changing taste preferences, and increasing health & environmental concerns. Almond milk is entirely plant-based, making it a suitable choice for individuals following vegan or vegetarian diets. The production of almond milk generally has a lower environmental impact compared to dairy milk, as it requires less water and produces fewer greenhouse gas emissions.
However, the oat milk segment is projected to register the highest CAGR during the forecast period of 2023–2030. Oat milk contains vitamins and minerals, including vitamin B2 (riboflavin), vitamin B3 (niacin), phosphorus, and manganese, which contribute to overall health. Oat milk is often fortified with essential nutrients like calcium, vitamin D, and vitamin B12, providing similar nutritional benefits to cow's milk. The growth of this segment is mainly driven by consumers’ increasing preference for soy-free, low-fat, and gluten-free products; the high nutritional properties of oat milk; and rising awareness about the health benefits of oats.
In 2023, the Unflavored Segment is Expected to Dominate the Plant-based Milk Market
Based on formulation, the global plant-based milk market is segmented into unflavored and flavored plant-based milk. In 2023, the unflavored segment is expected to account for the largest share of the global plant-based milk market. The large market share of this segment is mainly attributed to factors such as the increased consumer demand for naturally dairy-free & sugar-free products and the clean taste and smooth texture of unflavored dairy-free products, which allow for their seamless incorporation into various food and beverage recipes.
However, the flavored segment is expected to register the highest CAGR during the forecast period of 2023–2030. The rapid growth of this segment is mainly driven by the increasing demand for ready-to-drink beverages and changing consumer taste preferences.
In 2023, the Distribution Channel Segment is Expected to Dominate the Plant-based Milk Market
Based on the distribution channel, the global plant-based milk market is mainly segmented into business-to-business (B2B) and business-to-consumer (B2C). In 2023, the business-to-consumer (B2C) is expected to account for the largest share of the global plant-based milk market. The large market share of this segment is attributed to the increased retail sales of plant-based milk in supermarkets & hypermarkets, increased shelf space for plant-based products in modern groceries, growing preference for shopping from brick-and-mortar grocers due to easy access & availability and increasing consumer acceptance for vegan & vegetarian dairy alternatives, especially plant-based milk.
Asia-Pacific Dominates the Overall Plant-based Milk Market, Also Leads in Growth
Based on geography, the global plant-based milk market is majorly segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global plant-based milk market. The large share of this market is mainly attributed to consumers’ rising awareness about the benefits of protein-rich foods, increasing health consciousness, the growing adoption of advanced technologies in the F&B industry, and the region’s large vegan & vegetarian population base.
Moreover, this region is also expected to witness significant growth during the forecast period, mainly due to the region’s increasing vegan & flexitarian populations, the rising popularity of Western diets, and increasing investments in the plant-based milk industry.
Scope of the Report:
Plant-based Milk Market Assessment, by Type
Plant-based Milk Market Assessment, by Formulation
Plant-based Milk Market Assessment, by Distribution Channel
Plant-based Milk Market Assessment, by Geography
Key Questions Answered in the Report:
Plant-based milk, a milk alternative, is dairy-free, protein-rich milk derived from plant-based sources, such as almonds, soy, coconut, oats, and rice. It is a sustainable and environmentally friendly milk alternative for the globally increasing vegan, lactose intolerant, and flexitarian populations. It addresses issues related to animal welfare, resource efficiency, and climate change.
This report provides detailed market insights and market sizes & forecasts for the plant-based milk market in terms of value (by type, formulation, distribution channel, and geography) & volume (by type and geography). Each segment provides the market sizes & forecasts for five key geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with key regional countries.
The plant-based milk market is projected to reach $47.55 billion by 2030, at a CAGR of 11.7% during the forecast period.
Based on the Formulation, the flavored segment is expected to witness the fastest growth during the forecast period.
o High Prevalence of Lactose Intolerance & Allergies to Cow Milk
o Growing Focus on Health & Wellbeing
o Changing Eating Habits & Consumers' Drive Toward Sustainability
o Increasing Investments & Government Support for Plant-based Industries
o High Preference for Animal-based Milk Products
o Growing Consumption of Soy-free & Gluten-free Products
The key players operating in the global plant-based milk market are Hain Celestial Group, Inc. (U.S.), SunOpta Inc. (Canada), Sanitarium Health and Wellbeing Company (Australia), Axiom Foods, Inc. (U.S.), Earth's Own Food Company, Inc. (Canada), Sunrise Soya Foods (Canada), Campbell Soup Company (U.S.), Danone S.A. (France), Plamil Foods Ltd. (U.K.), Sahmyook Foods (South Korea), Nestlé S.A. (Switzerland), Natura Foods (Canada), Blue Diamond Growers (U.S.), and Oatly Group AB (Sweden).
Asia-Pacific is expected to account for the largest market share and register the highest growth during the forecast period, mainly due to consumers’ rising awareness about the benefits of protein-rich foods, increasing health consciousness, the growing adoption of advanced technologies in the F&B industry, and the region’s large vegan & vegetarian population base. The region’s significant growth during the forecast period is mainly due to the increasing vegan & flexitarian populations, the rising popularity of Western diets, and increasing investments in the plant-based milk industry.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
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/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Segmental Analysis
3.2.1. Global Plant-Based Milk Market Analysis: By Type
3.2.2. Global Plant-Based Milk Market Analysis: By Formulation
3.2.3. Global Plant-Based Milk Market Analysis: By Distribution Channel
3.3. Regional Analysis
3.4. Key Players
4. Market Insights
4.1. Overview
4.2. Factors Affecting Market Growth
4.2.1. High Prevalence of Lactose Intolerance & Allergies to Cow Milk Driving the Plant-Based Milk Market
4.2.2. Growing Focus on Health & Well-Being Boosting the Demand for Plant-Based Milk Products
4.2.3. Changing Eating Habits & Consumers’ Drive Toward Sustainability Increasing the Adoption of Plant-Based Milk
4.2.4. Increasing Investments & Government Support for Plant-Based Industries Accelerating the Growth of the Plant-Based Milk Market
4.2.5. High Preference for Animal-Based Milk Products Impacting Market Growth
4.2.6. Growing Consumption of Soy-Free & Gluten-Free Products Limiting the Adoption of Plant-Based Milk
4.2.7. Emerging Economies in Asia-Pacific and Latin America Expected to Generate Growth Opportunities for Market Players
4.2.8. Fluctuating Raw Material Prices Expected to Remain a Major Challenge for Market Stakeholders
4.3. Pricing Analysis
4.3.1. Overview
4.3.1.1. Almond Milk
4.3.1.2. Soy Milk
4.3.1.3. Coconut Milk
4.3.1.4. Oat Milk
4.3.1.5. Rice Milk
4.3.1.6. Other Plant-Based Milk
5. Plant-based Milk Market Assessment—by Type
5.1. Overview
5.2. Almond Milk
5.3. Soy Milk
5.4. Coconut Milk
5.5. Oat Milk
5.6. Rice Milk
5.7. Other Plant-Based Milks
6. Plant-based Milk Market Assessment—by Formulation
6.1. Overview
6.2. Unflavored
6.3. Flavored
7. Plant-based Milk Market Assessment—by Distribution Channel
7.1. Overview
7.2. Business-to-Business
7.3. Business-to-Consumer
7.3.1. Modern Groceries
7.3.2. Convenience Stores
7.3.3. Specialty Stores
7.3.4. Online Retail Stores
7.3.5. Other B2C Distribution Channels
8. Plant-based Milk Market Assessment—by Geography
8.1. Introduction
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. U.K.
8.3.3. Spain
8.3.4. Italy
8.3.5. France
8.3.6. Netherlands
8.3.7. Sweden
8.3.8. Belgium
8.3.9. Austria
8.3.10. Denmark
8.3.11. Poland
8.3.12. Portugal
8.3.13. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. Thailand
8.4.6. South Korea
8.4.7. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Market Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
10. Company Profiles
10.1. Danone S.A
10.1.1. Company Overview
10.1.2. Financial Overview
10.1.3. SWOT Analysis: Danone S.A
10.1.4. Product Portfolio
10.2. Plamil Foods Ltd.
10.2.1. Company Overview
10.2.2. Product Portfolio
10.3. Sahmyook Foods
10.3.1. Company Overview
10.3.2. Product Portfolio
10.3.3. Strategic Developments
10.4. Nestlé S.A.
10.4.1. Company Overview
10.4.2. Financial Overview
10.4.3. SWOT ANALYSIS: Nestlé S.A.
10.4.4. Product Portfolio
10.4.5. Strategic Developments
10.5. Natura Foods
10.5.1. Company Overview
10.5.2. Product Portfolio
10.5.3. Strategic Developments
10.6. Blue Diamond Growers
10.6.1. Company Overview
10.6.2. Financial Overview
10.6.3. SWOT Analysis: Blue Diamond Growers
10.6.4. Product Portfolio
10.6.5. Strategic Developments
10.7. Oatly Group AB
10.7.1. Company Overview
10.7.2. Financial Overview
10.7.3. Product Portfolio
10.7.4. Strategic Developments
10.8. Hain Celestial Group, Inc.
10.8.1. Company Overview
10.8.2. Financial Overview
10.8.3. SWOT Analysis: Hain Celestial Group, Inc.
10.8.4. Product Portfolio
10.9. SunOpta Inc.
10.9.1. Company Overview
10.9.2. Financial Overview
10.9.3. SWOT Analysis: SunOpta Inc.
10.9.4. Product Portfolio
10.9.5. Strategic Development
10.10. Sanitarium Health and Wellbeing Company
10.10.1. Company Overview
10.10.2. Product Portfolio
10.11. Axiom Foods, Inc.
10.11.1. Company Overview
10.11.2. Product Portfolio
10.12. Earth's Own Food Company, Inc.
10.12.1. Company Overview
10.12.2. Product Portfolio
10.13. Sunrise Soy Foods
10.13.1. Company Overview
10.13.2. Product Portfolio
10.14. Campbell Soup Company
10.14.1. Company Overview
10.14.2. Financial Overview
10.14.3. SWOT Analysis: Campbell Soup Company
10.14.4. Product Portfolio
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Average Price of Almond Milk, by Country/Region, 2021–2030 (USD/liters)
Table 2 Average Price of Soy Milk, by Country/Region, 2021–2030 (USD/liters)
Table 3 Average Price of Coconut Milk, by Country/Region, 2021–2030 (USD/liters)
Table 4 Average Price of Oat Milk, by Country/Region, 2021–2030 (USD/liters)
Table 5 Average Price of Rice Milk, by Country/Region, 2021–2030 (USD/liters)
Table 6 Average Price of other plant-based Milk, by Country/Region, 2021–2030 (USD/liters)
Table 7 Global Plant-based Milk Market, by Type, 2021—2030 (USD Million)
Table 8 Global Plant-based Milk Market, by Type, 2021—2030 (Thousand Liters)
Table 9 Global Almond Milk Market, by Country/Region, 2021—2030 (USD Million)
Table 10 Global Almond Milk Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 11 Global Soy Milk Market, by Country/Region, 2021—2030 (USD Million)
Table 12 Global Soy Milk Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 13 Global Coconut Milk Market, by Country/Region, 2021—2030 (USD Million)
Table 14 Global Coconut Milk Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 15 Global Oat Milk Market, by Country/Region, 2021—2030 (USD Million)
Table 16 Global Oat Milk Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 17 Global Rice Milk Market, by Country/Region, 2021—2030 (USD Million)
Table 18 Global Rice Milk Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 19 Global Other Plant-based Milks Market, by Country/Region, 2021—2030 (USD Million)
Table 20 Global Other Plant-based Milks Market, by Country/Region, 2021—2030 (Thousand Liters)
Table 21 Global Plant-based Milk Market, by Formulation, 2021–2030 (USD MILLION)
Table 22 Global Unflavored Plant-based Milk Market, by Country/Region, 2021-2030 (USD Million)
Table 23 Global flavored Plant-based Milk Market, by Country/Region, 2021-2030 (USD Million)
Table 24 Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD MILLION)
Table 25 B2B Plant-based Milk Market, by Country/Region, 2021–2030 (USD MILLION)
Table 26 B2C Plant-based Milk Market, by Type, 2021–2030 (USD MILLION)
Table 27 B2C Plant-based Milk Market, by Country/Region, 2021–2030 (USD MILLION)
Table 28 Plant-based Milk Market for Modern Groceries, by Country/Region, 2021–2030 (USD MILLION)
Table 29 Plant-based Milk Market for Convenience stores, by Country/Region, 2021–2030 (USD MILLION)
Table 30 Plant-based Milk Market for Specialty Stores, by Country/Region, 2021–2030 (USD MILLION)
Table 31 Plant-based Milk Market for Online Retail Stores, by Country/Region, 2021–2030 (USD MILLION)
Table 32 Plant-based Milk Market for Other B2C Distribution Channels, by Country/Region, 2021–2030 (USD Million)
Table 33 Global Plant-based Milk Market, by Country/Region, 2021–2030 (USD Million)
Table 34 Global Plant-based Milk Market, by Country/Region, 2021–2030 (Thousand Liters)
Table 35 North America: Plant-based Milk Market, by Country, 2021–2030 (USD Million)
Table 36 North America: Plant-based Milk Market, by Country, 2021–2030 (Thousand Liters)
Table 37 North America: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 38 North America: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 39 North America: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 40 North America: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 41 North America: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 42 U.S.: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 43 U.S.: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 44 U.S.: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 45 U.S.: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 46 U.S.: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 47 Canada: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 48 Canada: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 49 Canada: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 50 Canada: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 51 Canada: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 52 Europe: Plant-based Milk Market, by Country/Region, 2021–2030 (USD Million)
Table 53 Europe: Plant-based Milk Market, by Country/Region, 2021–2030 (Thousand Liters)
Table 54 Europe: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 55 Europe: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 56 Europe: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 57 Europe: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 58 Europe: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 59 Germany: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 60 Germany: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 61 Germany: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 62 Germany: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 63 Germany: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 64 U.K.: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 65 U.K.: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 66 U.K.: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 67 U.K.: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 68 U.K.: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 69 Spain: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 70 Spain: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 71 Spain: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 72 Spain: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 73 Spain: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 74 Italy: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 75 Italy: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 76 Italy: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 77 Italy: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 78 Italy: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 79 France: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 80 France: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 81 France: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 82 France: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 83 France: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 84 Netherland: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 85 Netherland: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 86 Netherland: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 87 Netherland: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 88 Netherland: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 89 Sweden: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 90 Sweden: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 91 Sweden: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 92 Sweden: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 93 Sweden: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 94 Belgium: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 95 Belgium: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 96 Belgium: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 97 Belgium: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 98 Belgium: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 99 Austria: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 100 Austria: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 101 Austria: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 102 Austria: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 103 Austria: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 104 Denmark: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 105 Denmark: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 106 Denmark: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 107 Denmark: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 108 Denmark: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 109 Poland: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 110 Poland: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 111 Poland: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 112 Poland: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 113 Poland: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 114 Portugal: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 115 Portugal: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 116 Portugal: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 117 Portugal: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 118 Portugal: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 119 Rest of Europe: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 120 Rest of Europe: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 121 Rest of Europe: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 122 Rest of Europe: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 123 Rest of Europe: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 124 Asia-Pacific: Plant-based Milk Market, by Country/Region, 2021–2030 (USD Million)
Table 125 Asia-Pacific: Plant-based Milk Market, by Country/Region, 2021–2030 (Thousand Liters)
Table 126 Asia-Pacific: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 127 Asia-Pacific: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 128 Asia-Pacific: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 129 Asia-Pacific: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 130 Asia-Pacific: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 131 China: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 132 China: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 133 China: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 134 China: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 135 China: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 136 India: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 137 India: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 138 India: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 139 India: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 140 India: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 141 Japan: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 142 Japan: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 143 Japan: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 144 Japan: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 145 Japan: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 146 Australia: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 147 Australia: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 148 Australia: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 149 Australia: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 150 Australia: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 151 Thailand: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 152 Thailand: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 153 Thailand: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 154 Thailand: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 155 Thailand: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 156 South Korea: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 157 South Korea: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 158 South Korea: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 159 South Korea: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 160 South Korea: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 161 Rest of Asia-Pacific: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 162 Rest of Asia-Pacific: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 163 Rest of Asia-Pacific: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 164 Rest of Asia-Pacific: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 165 Rest of Asia-Pacific: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 166 Latin America: Plant-based Milk Market, by Country, 2021–2030 (USD Million)
Table 167 Latin America: Plant-based Milk Market, by Country, 2021–2030 (Thousand Liters)
Table 168 Latin America: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 169 Latin America: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 170 Latin America: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 171 Latin America: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 172 Latin America: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 173 Brazil: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 174 Brazil: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 175 Brazil: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 176 Brazil: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 177 Brazil: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 178 Mexico: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 179 Mexico: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 180 Mexico: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 181 Mexico: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 182 Mexico: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 183 Argentina: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 184 Argentina: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 185 Argentina: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 186 Argentina: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 187 Argentina: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 188 Rest of Latin America: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 189 Rest of Latin America: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 190 Rest of Latin America: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 191 Rest of Latin America: Plant-based Milk Market, by Distribution Channel, 2021–2030 (USD Million)
Table 192 Rest of Latin America: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 193 Middle East & Africa: Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 194 Middle East & Africa: Plant-based Milk Market, by Type, 2021–2030 (Thousand Liters)
Table 195 Middle East & Africa: Plant-based Milk Market, by Formulation, 2021–2030 (USD Million)
Table 196 Middle East & Africa: Business-to-Consumer Plant-based Milk Market, by Type, 2021–2030 (USD Million)
Table 197 Recent Developments, by Company (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources Referenced for this Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Sizing and Growth Forecast
Figure 7 The Almond Milk Segment to Account for the Largest Share In 2023
Figure 8 In 2023, The Unflavored Segment to Dominate the Overall Plant-Based Milk Market
Figure 9 The B2C Segment is Expected to Account for a Larger Share in 2023
Figure 10 Asia-Pacific to be the Fastest-Growing Regional Market
Figure 11 Impact Analysis of Market Dynamics
Figure 12 Global Plant-Based Milk Market, by Type, 2023 Vs. 2030 (USD Million)
Figure 13 Global Plant-Based Milk Market, by Type, 2023 Vs. 2030 (Thousand Liters)
Figure 14 Global Plant-Based Milk Market, by Formulation, 2023 Vs. 2030 (USD Million)
Figure 15 Global Plant-Based Milk Market, by Distribution Channel, 2023 Vs. 2030 (USD Million)
Figure 16 B2c Plant-Based Milk Market, by Type, 2023–2030 (USD Million)
Figure 17 Global Plant-Based Milk Market, by Region, 2023 Vs. 2030 (USD Million)
Figure 18 Global Plant-Based Milk Market, by Region, 2023 Vs. 2030 (Thousand Liters)
Figure 19 North America: Plant-Based Milk Market Snapshot (2023)
Figure 20 Europe: Plant-Based Milk Market Snapshot (2023)
Figure 21 Asia-Pacific: Plant-Based Milk Market Snapshot (2023)
Figure 22 Latin America: Plant-Based Milk Market Snapshot (2023)
Figure 23 Middle East & Africa: Plant-Based Milk Market Snapshot (2023)
Figure 24 Key Growth Strategies Adopted, by Leading Players (2020–2023)
Figure 25 Global Plant-Based Milk Market Competitive Benchmarking, By Type
Figure 26 Competitive Dashboard: Plant-Based Milk Market
Figure 27 Danone S.A.: Financial Overview (2022)
Figure 28 Nestlé S.A.: Financial Overview (2022)
Figure 29 Blue Diamond Growers: Financial Overview (2022)
Figure 30 Oatly Group AB: Financial Overview (2022)
Figure 31 Hain Celestial Group, Inc.: Financial Overview (2023)
Figure 32 SunOpta, Inc.: Financial Overview (2022)
Figure 33 Campbell Soup Company: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Sep-2023
Published Date: Sep-2023
Published Date: Aug-2023
Published Date: Aug-2023
