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Global Plant Milk Market to reach USD 27.65 billion by 2027.

Global Plant Milk Market Size study By Source (Almond, Soy, Coconut, Rice) By Formulation (Unsweetened, Sweetened), By Sales Channel (Mainstream Stores, Specialty Stores and Online Stores), By Packaging (Carton Packaging, Bottles, Pouches) and Regional Forecasts 2021-2027

Product Code: OIRFAB_79849024
Publish Date: 25-01-2021
Page: 200

Global Plant Milk Market is valued approximately USD 13.32 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11 % over the forecast period 2021-2027. Plant milks are also known as vegan milk because they are used as a vegan alternative of dairy milk. Rising awareness about the benefits of vegan diets and health benefits associated with this milk are two major factors increasing the growth of the market. In addition to this, increase in cases of lactose intolerance and milk allergies is also propelling the growth of the industry. According to Swedish oat milk brand “Oatly” almost 33% of the UK households have shifted to plants milk from dairy milk. However, high cost of plant milk compared to dairy milk can be a restraining factor for the market. But major market players are improving the product they offer through new product development, marketing strategies and introduction of new flavors, so as to capture maximum market share.

The regional analysis of global Plant Milk market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific holds the highest plant milk market value share. Asia Pacific countries such as India, China, and Indonesia etc. produce coconut, soy and rice in substantial amounts, hence making the APAC region holding highest market value share.

Major market player included in this report are:
Earth’s Own Food Company
Blue Diamond Growers
Danone S.A
Oatly AB
Califia Farms
Organic Valley
Campbell Soup Company
Elmhurst Milked Direct LLC
Hain Celestial Group Inc.
Ripple Foods
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
By Formulation:
By Sales Channel:
Mainstream Stores
Specialty Stores
Online Natural Food stores
By Packaging:
Carton Packaging

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Plant Milk Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Plant Milk Market, by Region, 2019-2027 (USD Billion)
1.2.2. Plant Milk Market, by Source, 2019-2027 (USD Billion)
1.2.3. Plant Milk Market, by Formulation, 2019-2027 (USD Billion)
1.2.4. Plant Milk Market, by Sales Channel, 2019-2027 (USD Billion)
1.2.5. Plant Milk Market, by Packaging 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Plant Milk Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Plant Milk Market Dynamics
3.1. Plant Milk Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The benefits of vegan diets and health benefits associated with plant milk Increase in cases of lactose intolerance and milk allergies
3.1.2. Market Challenges High cost of plant milk
3.1.3. Market Opportunities New product development, marketing strategies and introduction of new flavours
Chapter 4. Global Plant Milk Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Plant Milk Market, by Source
5.1. Market Snapshot
5.2. Global Plant Milk Market by Source, Performance – Potential Analysis
5.3. Global Plant Milk Market Estimates & Forecasts by Source 2018-2027 (USD Billion)
5.4. Plant Milk Market, Sub Segment Analysis
5.4.1. Almond
5.4.2. Soy
5.4.3. Coconut
5.4.4. Rice
Chapter 6. Global Plant Milk Market, by Formulation
6.1. Market Snapshot
6.2. Global Plant Milk Market by Formulation, Performance – Potential Analysis
6.3. Global Plant Milk Market Estimates & Forecasts by Formulation 2018-2027 (USD Billion)
6.4. Plant Milk Market, Sub Segment Analysis
6.4.1. Sweetened
6.4.2. Unsweetened
Chapter 7. Global Plant Milk Market, by Sales Channel
7.1. Market Snapshot
7.2. Global Plant Milk Market by Sales Channel, Performance – Potential Analysis
7.3. Global Plant Milk Market Estimates & Forecasts by Sales Channel 2018-2027 (USD Billion)
7.4. Plant Milk Market, Sub Segment Analysis
7.4.1. Mainstream Stores
7.4.2. Specialty Stores
7.4.3. Online Natural Food stores
7.4.4. Others
Chapter 8. Global Plant Milk Market, by Packaging
8.1. Market Snapshot
8.2. Global Plant Milk Market by Packaging Performance – Potential Analysis
8.3. Global Plant Milk Market Estimates & Forecasts by Packaging 2018-2027 (USD Billion)
8.4. Plant Milk Market, Sub Segment Analysis
8.4.1. Carton Packaging
8.4.2. Bottles
8.4.3. Pouches

Chapter 9. Global Plant Milk Market, Regional Analysis
9.1. Plant Milk Market, Regional Market Snapshot
9.2. North America Plant Milk Market
9.2.1. U.S. Plant Milk Market Source breakdown estimates & forecasts, 2018-2027 Formulation breakdown estimates & forecasts, 2018-2027 Sales Channel breakdown estimates & forecasts, 2018-2027 Packaging breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Plant Milk Market
9.3. Europe Plant Milk Market Snapshot
9.3.1. U.K. Plant Milk Market
9.3.2. Germany Plant Milk Market
9.3.3. France Plant Milk Market
9.3.4. Spain Plant Milk Market
9.3.5. Italy Plant Milk Market
9.3.6. Rest of Europe Plant Milk Market
9.4. Asia-Pacific Plant Milk Market Snapshot
9.4.1. China Plant Milk Market
9.4.2. India Plant Milk Market
9.4.3. Japan Plant Milk Market
9.4.4. Australia Plant Milk Market
9.4.5. South Korea Plant Milk Market
9.4.6. Rest of Asia Pacific Plant Milk Market
9.5. Latin America Plant Milk Market Snapshot
9.5.1. Brazil Plant Milk Market
9.5.2. Mexico Plant Milk Market
9.6. Rest of The World Plant Milk Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Earth’s Own Food Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Blue Diamond Growers
10.2.3. Danone S.A
10.2.4. Oatly AB
10.2.5. Califia Farms
10.2.6. Organic Valley
10.2.7. Campbell Soup Company
10.2.8. Elmhurst Milked Direct LLC
10.2.9. Hain Celestial Group Inc.
10.2.10. Ripple Foods
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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