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植物奶市场 - 全球产业规模、份额、趋势、机会和预测，按类型、类别、包装、配销通路、地区、竞争细分，2018-2028 年
市场调查报告书
商品编码
1364010

植物奶市场 - 全球产业规模、份额、趋势、机会和预测，按类型、类别、包装、配销通路、地区、竞争细分，2018-2028 年

Plant-Based Milk Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Category, By Packaging, By Distribution Channel, By Region, By Competition, 2018-2028
出版日期: | 出版商: TechSci Research | 英文 178 Pages | 商品交期: 2-3个工作天内

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2022 年全球植物奶市场价值为 126.2401 亿美元，预计在预测期内将强劲增长，到 2028 年复合年增长率为 6.38%。市场的激增可归因于多种因素，例如素食主义的趋势和乳糖不耐症族群的增加。此外，全球植物奶市场成长的关键驱动力之一是消费者健康意识的深刻转变。

整体而言，植物奶市场是一个快速成长的市场，未来几年具有巨大的成长潜力。这一增长是由多种因素推动的，包括消费者对植物奶对健康和环境效益的认识不断提高、植物奶产品供应量的增加以及纯素食和素食人口的增长。植物奶在餐饮服务应用中越来越受欢迎。例如，许多咖啡店现在为拿铁和卡布奇诺提供植物奶选择。植物奶公司正在开发新的创新产品，例如植物优格、冰淇淋和起司。由于竞争加剧和规模经济，植物奶变得越来越便宜和容易获得。植物奶市场的前景是光明的。随着消费者越来越意识到植物奶对健康和环境的好处，以及植物奶产品变得更实惠和容易取得，植物奶市场预计在未来几年将继续快速成长。

由于消费者对健康和永续发展、饮食偏好和乳糖不耐症的意识增强等多种因素，全球植物奶市场正经历显着成长。植物奶市场已经从传统的豆奶和杏仁奶扩展到包括燕麦奶、椰奶、米奶、大麻奶等多种选择。这种多样性使消费者能够选择适合他们口味偏好和饮食需求的产品。健康意识的增强以及对乳糖不耐受和过敏的担忧导致许多消费者从牛奶转向植物性替代品，认为它们是更健康的选择。植物奶的饱和脂肪和胆固醇含量通常较低，有些还强化了维生素和矿物质。

市场概况
预测期 2024-2028
2022 年市场规模 126.2401亿美元
2028 年市场规模 1825,607万美元
2023-2028 年复合年增长率 6.38%
成长最快的细分市场 在线的
最大的市场 亚太

主要市场驱动因素

健康意识的提高推动了全球植物奶市场的成长

近年来，在消费者偏好向更健康、更永续的饮食选择发生重大转变的推动下，全球植物奶市场出现了显着增长。这种转变与消费者健康意识的提高密切相关，他们越来越多地寻求传统牛奶的替代品。在这次全面的探索中，我们深入研究了健康意识的提高对全球植物奶市场的深远影响，研究了该行业的关键驱动因素、趋势和影响。健康意识和饮食选择之间的关联怎么强调都不为过。随着人们越来越意识到食物选择对健康的影响，他们正在积极寻求更健康饮食的方法。传统牛奶一度被视为主食，但现在其营养成分正受到严格审查。减少饮食中的饱和脂肪、胆固醇和热量的愿望促使许多人探索植物性牛奶替代品。

新产品发布对全球植物奶市场的影响

近年来，在消费者偏好转向更健康、可持续和道德的食品选择的推动下，全球植物奶市场取得了显着增长。推动该市场向前发展的关键催化剂之一是新产品的持续推出。随着消费者寻求传统牛奶的创新和多样化替代品，製造商们以一波创意回应，推出了一系列植物奶产品，以满足各种口味和饮食需求。新产品的推出影响植物奶市场的主要方式之一是为消费者提供比以往更广泛的选择。传统上，大豆和杏仁奶主导市场，但如今，消费者可以从多种植物奶替代品中进行选择，包括燕麦奶、椰奶、米奶、大麻奶等。这些创新旨在满足不同的口味偏好和饮食要求，确保每个人都有植物奶选择。例如，燕麦奶尤其近年来因其奶油质地和良好的起泡能力而广受欢迎，使其成为咖啡饮用者的最爱。这项创新导致全球对燕麦奶产品的需求激增。

纯素食主义、素食主义和弹性素食主义（减少动物产品消费）的兴起大大扩大了植物奶市场。植物奶被认为是这些饮食中的主食，提供了符合道德和饮食选择的无乳製品替代品。新植物奶产品的推出代表了製造商的共同努力，以满足消费者对更好的口味、质地和多功能性的需求。创新一直是这些产品发布背后的驱动力，公司在研发方面投入大量资金。例如，香草或巧克力杏仁奶等口味品种可为消费者提供更纵享的体验。咖啡师品质的植物奶专为咖啡店开发，使消费者能够享受他们最喜欢的不含乳製品的咖啡饮料。

总之，新产品的推出一直是全球植物奶市场的驱动力，重塑了产业并满足了消费者不断变化的需求。多样化植物奶选择的推出、强化的营养成分、永续实践以及口味和质地的创新，使这些产品对广大消费者越来越有吸引力。

易于获取推动全球植物奶市场的成长

近年来，全球植物奶市场取得了显着成长，推动这项扩张的关键因素之一是植物奶产品的易于取得。世界各地的消费者越来越多地选择植物奶而不是传统乳製品，这些产品的供应在塑造这一趋势方面发挥了关键作用。过去十年，向植物奶的转变已成为一个重要的饮食趋势。它不再局限于利基市场或饮食偏好，而是已成为主流。植物奶选择包括杏仁奶、大豆奶、燕麦奶、米奶、椰子奶、大麻奶等。这种多样化的选择迎合了不同的口味和饮食要求，使消费者更容易找到适合自己喜好的产品。植物奶在超市货架上随处可见。世界各地的主要杂货连锁店现在备有各种品牌和品种的植物奶。消费者可以在乳製品过道或植物性替代品的指定区域轻鬆找到这些产品。这种展示位置提高了知名度和可近性，鼓励消费者尝试这些产品。

数位时代迎来了便利的新时代。线上零售平台已成为植物奶市场的重要参与者。消费者只需点击几下即可订购他们最喜欢的植物奶产品，并将其送到家中。订阅服务进一步提高了可用性，允许消费者设定定期交付，确保植物奶的持续供应。植物奶的供应并不限于单一地区。这种趋势已经走向全球。植物奶产业的主要参与者已经扩大了其分销网络，以覆盖全球消费者。例如，一个起源于欧洲的品牌现在可能在北美、亚洲和其他地区拥有强大的影响力。

全球植物奶市场经历了显着成长，而供应的便利性是推动这一扩张的关键因素。超市、便利商店、线上零售平台、食品服务机构和餐厅都可以买到植物奶，这使得全世界的消费者都能买到植物奶。

主要市场挑战

高价

近年来，在健康意识增强、永续性关注和饮食偏好等因素的推动下，全球植物奶市场取得了显着成长。然而，儘管它越来越受欢迎，但该市场继续存在的一个重大挑战是高价格问题。植物奶生产通常涉及成本密集的过程。例如，杏仁奶的生产需要大量的水，而杏仁作物容易受到气候变迁的影响，进而影响产量。另一方面，燕麦奶的生产涉及燕麦的研磨和提取液体的额外步骤。这些过程增加了整体生产成本。采购原料的成本是重要因素。用于植物奶生产的优质坚果、谷物或豆类可能很昂贵，特别是如果它们的来源是可持续且合乎道德的。此外，这些原物料价格的波动也会影响最终产品的成本。植物奶的加工和製造涉及多个步骤，包括研磨、浸泡、混合，在某些情况下还需要添加维生素和矿物质。这些过程需要设备和劳动力，增加了整体成本。

植物奶市场的竞争和创新也会影响价格。虽然竞争可以推动创新并提高效率，但它也可能导致独特或专业产品的溢价。例如，特种植物奶品种，如手工坚果奶混合物，往往价格较高。高价可能成为一些消费者的进入障碍，特别是那些可支配收入有限的消费者。虽然有些消费者出于健康或永续发展的原因愿意为植物奶支付溢价，但其他消费者可能会因为植物奶和牛奶之间的成本差异而望而却步。全球植物奶市场的高价格挑战是一个复杂的问题，受到生产成本、采购、加工和竞争等多种因素的影响。

来自传统乳製品品牌的竞争

植物奶市场最显着的挑战之一是成熟的传统乳製品公司进入该行业。这些乳製品巨头凭藉其广泛的资源、分销网络和品牌知名度，已开始透过引入植物奶替代品或收购现有的植物奶品牌来实现产品组合多元化。传统乳製品品牌受益于数十年甚至数百年的品牌知名度和消费者信任。当这些公司进入植物奶市场时，他们往往利用现有的声誉来站稳脚跟。消费者可能更倾向于尝试熟悉名称的植物奶产品，这可能对较小的专业植物品牌构成挑战。

传统乳製品公司拥有快速实现植物乳产品线多样化的资源。他们可以推出各种口味、配方和包装选项，以满足广泛的消费者喜好。这种提供多种产品选择的能力可以吸引更大的客户群，并使专业的植物性品牌脱颖而出更具挑战性。来自传统乳製品品牌的竞争是全球植物奶市场面临的重大挑战。成熟的乳製品公司利用其品牌知名度、分销网络和资源进入植物奶领域。这种竞争可能使专业植物基品牌难以获得市场份额、进入分销管道和进行定价竞争。

主要市场趋势

植物奶品种多样化

全球植物奶市场最突出的趋势之一是传统豆奶和杏仁奶以外的牛奶替代品的多样化。现在，消费者有多种选择，包括燕麦、米、椰子、大麻和腰果奶等。这种多样化迎合了不同的饮食偏好、营养需求和口味偏好。近年来，燕麦奶广受欢迎，成为植物奶市场的有力竞争者。这种趋势可以归因于几个因素。首先，燕麦奶具有天然的甜味和奶油质地，使其成为咖啡、拿铁和谷物中牛奶的合适替代品。其次，由于其用水量较低且环境足迹较小，因此通常被认为比杏仁奶更具永续性。像奥特利这样的品牌已经利用了这个趋势，导致燕麦奶产品的广泛供应。植物奶多样化的另一个趋势是创造专门的混合物。品牌正在结合各种植物来源来创造独特的牛奶替代品，提供全面的营养成分。例如，杏仁和椰子或大米和豌豆蛋白的混合物旨在提供口味和营养的平衡。

健康与保健焦点

消费者的健康意识是植物奶市场背后的驱动力。这一趋势涵盖多个方面，包括降低植物性乳製品中的饱和脂肪和胆固醇含量、添加维生素和矿物质以及降低糖含量。许多植物乳製品都强化了维生素和矿物质，例如钙、维生素 D 和维生素 B12，以符合牛奶的营养成分。这种强化增强了植物奶对注重健康的消费者的吸引力，尤其是那些可能从乳製品过渡的消费者。另一个以健康为导向的趋势是低糖和不加糖的植物奶品种的出现。随着消费者越来越意识到自己的糖摄取量，製造商正在推出满足这种需求的产品。不加糖的杏仁奶、大豆奶和燕麦奶的选择在商店货架上变得越来越普遍。为了满足希望增加蛋白质摄取量的消费者的需求，一些植物奶品牌提供了富含蛋白质的版本。例如，豌豆蛋白奶因其比杏仁奶或燕麦奶更高的蛋白质含​​量而受到欢迎。这些富含蛋白质的选择吸引了运动员、健身爱好者和寻求植物性蛋白质来源的个人。

零售扩张与便利

植物奶的易获取性在其市场成长中发挥了关键作用。零售扩张一直是关键趋势，使这些产品能够接触到更广泛的消费者群体。植物乳製品现在在超市中占据显着位置，通常与传统牛奶放在一起。这种布局提高了知名度并鼓励消费者探索植物性选择。除了超市之外，便利商店也顺应了提供单份盒装植物奶的趋势。这使得植物奶即使消费者出门在外也很容易获得，从而带来了便利。数位时代改变了消费者购买植物奶的方式。线上零售平台和订阅服务越来越受欢迎，消费者可以轻鬆订购他们喜欢的植物奶产品，并直接送到家中。这种便利因素吸引了忙碌的个人和具有特定饮食偏好的人。

细分市场洞察

类型洞察

依类型划分，全球植物奶市场主要分为杏仁奶、豆奶、椰奶、燕麦奶、米奶等。根据预测，2022年，植物奶市场将由​​杏仁奶类别主导，市占率为29.99%。该市场领域的领先地位主要与转向以坚果为基础的无乳糖牛奶的顾客数量增加、消费者口味偏好的变化以及一般健康和环境问题的增加等因素有关。预计在预测期内，该细分市场将会增加。由于无大豆和无麸质产品越来越受欢迎，这个市场正在迅速扩大。

区域洞察

从地理来看，预计到 2022 年，亚太地区将占据植物奶最大市场份额，达到 50.53%。该地区的巨大市场份额主要归因于健康意识的提高以及餐饮业更快地采用技术改进，以及更大的素食主义者和素食者人口基数。西方饮食的日益普及、该地区人口的不断增长以及对乳製品替代品行业的更多投资都是其迅速崛起的主要原因。

主要市场参与者

  • 达能公司
  • 河北阳原智慧饮料股份有限公司
  • 蓝钻种植者
  • 椰树集团有限公司
  • 奥特利集团AB
  • 加州农场有限公司
  • 地球自己的食品公司
  • 海恩天体集团有限公司
  • SunOpta 公司
  • 瑞波食品 PBC
  • 澳洲健康与营养协会有限公司

报告范围：

在本报告中，除了以下详细介绍的产业趋势外，全球植物奶市场也分为以下几类：

植物奶市场，依类型：

  • 豆浆
  • 椰奶
  • 杏仁奶
  • 燕麦奶
  • 其他的

植物奶市场，依类别：

  • 调味
  • 无味

植物奶市场（依包装）：

  • 纸箱
  • 瓶子
  • 其他的

植物奶市场，依配销通路划分：

  • 便利商店/杂货店
  • 超市场
  • 在线的
  • 其他的

植物奶市场（按地区）：

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 法国
    • 英国
    • 义大利
    • 德国
    • 西班牙
  • 亚太
    • 中国
    • 印度
    • 日本
    • 澳洲
    • 韩国
  • 南美洲
    • 巴西
    • 阿根廷
    • 哥伦比亚
  • 中东和非洲
    • 南非
    • 沙乌地阿拉伯
    • 阿联酋
    • 土耳其

竞争格局

公司概况：全球植物奶市场主要公司的详细分析。

可用的客製化：

全球植物奶市场报告以及给定的市场资料，技术科学研究根据公司的具体需求提供客製化服务。该报告可以使用以下自订选项：

公司资讯

  • 其他市场参与者（最多五个）的详细分析和概况分析。

目录

第 1 章：简介

  • 产品概述
  • 报告的主要亮点
  • 市场覆盖范围
  • 涵盖的细分市场
  • 考虑研究任期

第 2 章：研究方法

  • 研究目的
  • 基线方法
  • 主要产业伙伴
  • 主要协会和二手资料来源
  • 预测方法
  • 数据三角测量与验证
  • 假设和限制

第 3 章：执行摘要

  • 市场概况
  • 市场预测
  • 重点地区
  • 关键环节

第 4 章：客户之声

  • 受访者人口统计
    • 按性别
    • 按年龄
    • 按职业
  • 品牌意识
  • 影响购买决策的因素
  • 品牌满意度
  • 客户满意度
  • 面临的挑战

第 5 章：全球植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 依类型市占率分析（豆奶、椰奶、杏仁奶、燕麦奶、其他（米奶、豌豆奶等））
    • 依类别市占率分析（调味与非调味）
    • 依包装市占率分析（纸箱、瓶子、其他（袋、罐等））
    • 依配销通路市场占有率分析（便利商店/杂货店、超市、网路、其他（专卖店、大型超市等））
    • 按区域市占率分析
    • 按公司股市分析
  • 全球植物奶市场测绘与机会评估
    • 按类型市场测绘和机会评估
    • 按类别市场测绘和机会评估
    • 透过包装市场测绘和机会评估
    • 按配销通路市场测绘和机会评估
    • 按地区市占率分析

第 6 章：亚太地区植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型市占率分析
    • 按类别市占率分析
    • 按包装市场占有率分析
    • 按配销通路市场占有率分析
    • 按国家市占率分析

第 7 章：北美植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型市占率分析
    • 按类别市占率分析
    • 按包装市场占有率分析
    • 按市占率分析
    • 按配销通路市场占有率分析
    • 按国家市占率分析

第 8 章：欧洲植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型市占率分析
    • 按类别市占率分析
    • 按包装市场占有率分析
    • 按配销通路市场占有率分析
    • 按国家市占率分析

第 9 章：南美洲植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型市占率分析
    • 按类别市占率分析
    • 按包装市场占有率分析
    • 按配销通路市场占有率分析
    • 按国家市占率分析

第 10 章：中东和非洲植物奶市场展望

  • 市场规模及预测
    • 按价值
  • 市占率及预测
    • 按类型市占率分析
    • 按类别市占率分析
    • 按包装市场占有率分析
    • 按配销通路市场占有率分析
    • 按国家市占率分析

第 11 章：市场动态

  • 司机
  • 挑战

第 12 章：COVID-19 对全球植物奶市场的影响

第 13 章：市场趋势与发展

第 14 章：波特的五力分析

  • 竞争竞争
  • 买家的议价能力
  • 供应商的议价能力
  • 新进入者的威胁
  • 替代品的威胁

第15章：竞争格局

    • 达能公司
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 河北阳原智慧饮料股份有限公司
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 蓝钻种植者
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 椰树集团有限公司
      • 公司详情
      • 产品与服务
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 奥特利集团AB
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 加州农场有限公司
      • 公司详情
      • 产品与服务
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 地球自己的食品公司
      • 公司详情
      • 产品与服务
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 海恩天体集团有限公司
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • SunOpta 公司
      • 公司详情
      • 产品与服务
      • 金融
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 瑞波食品 PBC
      • 公司详情
      • 产品与服务
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员
    • 澳洲健康与营养协会有限公司
      • 公司详情
      • 产品与服务
      • 主要市场焦点和地域分布
      • 最近的发展
      • 主要管理人员

第 16 章：策略建议/行动计划

第 17 章：关于我们与免责声明

Product Code: 14165

Global Plant-Based Milk Market has valued at USD12,624.01 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.38% through 2028. This surge in the market can be attributed to various factors such as the rise in the trend of veganism and an increase in the lactose intolerant population. Moreover, one of the key drivers behind the growth of the global plant-based milk market is the profound shift in consumer health consciousness.

Overall, the plant-based milk market is a rapidly growing market with significant potential for growth in the coming years. This growth is being driven by a number of factors, including rising consumer awareness of the health and environmental benefits of plant-based milk, increasing availability of plant-based milk products, and growing vegan and vegetarian populations. Plant-based milk is becoming increasingly popular in foodservice applications. For example, many coffee shops now offer plant-based milk options for their lattes and cappuccinos. Plant-based milk companies are developing new and innovative products, such as plant-based yogurt, ice cream, and cheese. Plant-based milk is becoming more affordable and accessible, thanks to increased competition and economies of scale. The future of the plant-based milk market is bright. As consumers become more aware of the health and environmental benefits of plant-based milk, and as plant-based milk products become more affordable and accessible, the plant-based milk market is expected to continue to grow rapidly in the coming years.

The global plant-based milk market was experiencing significant growth due to various factors such as increased consumer awareness about health and sustainability, dietary preferences, and lactose intolerance. The plant-based milk market had expanded beyond traditional soy and almond milk to include a wide range of options such as oat milk, coconut milk, rice milk, hemp milk, and more. This diversity allowed consumers to choose products that suited their taste preferences and dietary needs. Growing health consciousness and concerns about lactose intolerance and allergies led many consumers to shift from dairy milk to plant-based alternatives, perceiving them as healthier options. Plant-based milks are often lower in saturated fat and cholesterol, and some are fortified with vitamins and minerals.

Market Overview
Forecast Period2024-2028
Market Size 2022USD 12,624.01 Million
Market Size 2028USD 18,256.07 Million
CAGR 2023-20286.38%
Fastest Growing SegmentOnline
Largest MarketAsia-Pacific

Key Market Drivers

Rising Health Consciousness Fuels the Global Plant-Based Milk Market Growth

In recent years, the global plant-based milk market has witnessed remarkable growth, driven by a significant shift in consumer preferences towards healthier and more sustainable dietary choices. This shift is closely linked to rising health consciousness among consumers, who are increasingly seeking alternatives to traditional dairy milk. In this comprehensive exploration, we delve into the profound impact of rising health consciousness on the global plant-based milk market, examining the key drivers, trends, and implications for the industry. The nexus between health consciousness and dietary choices cannot be overstated. As people become more aware of the impact of their food choices on their well-being, they are actively seeking ways to adopt healthier diets. Traditional dairy milk, once seen as a dietary staple, is now being scrutinized for its nutritional profile. The desire to reduce saturated fat, cholesterol, and calories from one's diet has led many to explore plant-based milk alternatives.

One of the primary reasons behind the surge in plant-based milk consumption is the perceived health benefits. Many plant-based milks are naturally low in saturated fat and cholesterol, making them a desirable option for those concerned about heart health. Additionally, several varieties of plant-based milk are enriched with essential vitamins and minerals, such as calcium and vitamin D, making them comparable to or even surpassing the nutritional content of dairy milk. For instance, almond milk is known for being a good source of vitamin E and unsaturated fats, which can promote heart health. Soy milk is a complete protein source, making it a suitable option for individuals following vegetarian or vegan diets. Oat milk has gained popularity for its high fiber content, providing digestive benefits. These nutritional advantages align with the health-conscious consumer's desire for a well-rounded diet. Rising health consciousness is a powerful force driving the global plant-based milk market.

The Impact of New Product Launches on the Global Plant-Based Milk Market

The global plant-based milk market has witnessed remarkable growth in recent years, driven by a shift in consumer preferences towards healthier, sustainable, and ethical food choices. One of the key catalysts propelling this market forward is the continuous influx of new product launches. As consumers seek innovative and diverse alternatives to traditional dairy milk, manufacturers have responded with a wave of creativity, introducing an array of plant-based milk products that cater to various tastes and dietary needs. One of the primary ways in which new product launches have impacted the plant-based milk market is by offering consumers a wider range of options than ever before. Traditionally, soy and almond milk dominated the market, but today, consumers can choose from an extensive menu of plant-based milk alternatives, including oat milk, coconut milk, rice milk, hemp milk, and more. These innovations are designed to cater to different taste preferences and dietary requirements, ensuring that there is a plant-based milk option for everyone. For instance, Oat milk, in particular, gained immense popularity in recent years due to its creamy texture and ability to froth well, making it a favorite among coffee drinkers. This innovation has led to a surge in demand for oat milk products globally.

The rise of veganism, vegetarianism, and flexitarianism (reducing animal product consumption) has significantly expanded the plant-based milk market. Plant-based milks are considered a staple in these diets, providing a dairy-free alternative that aligns with ethical and dietary choices. The introduction of new plant-based milk products represents a concerted effort by manufacturers to meet consumer demands for better taste, texture, and versatility. Innovation has been a driving force behind these product launches, with companies investing heavily in research and development. For instance, Flavored varieties, such as vanilla or chocolate almond milk, offer consumers a more indulgent experience. Barista-quality plant-based milks have been developed specifically for coffee shops, enabling consumers to enjoy their favorite coffee beverages without dairy.

In conclusion, new product launches have been a driving force in the global plant-based milk market, reshaping the industry and meeting the evolving demands of consumers. The introduction of diverse plant-based milk options fortified nutritional profiles, sustainable practices, and innovations in taste and texture have made these products increasingly appealing to a wide range of consumers.

Ease of Availability Driving Growth in the Global Plant-Based Milk Market

The global plant-based milk market has witnessed remarkable growth in recent years, and one of the key factors contributing to this expansion is the ease of availability of plant-based milk products. Consumers around the world are increasingly opting for plant-based milk over traditional dairy milk, and the availability of these products has played a pivotal role in shaping this trend. The shift towards plant-based milk has been a significant dietary trend over the past decade. It's no longer confined to niche markets or dietary preferences but has become mainstream. Plant-based milk options include almond, soy, oat, rice, coconut, hemp, and many more. This proliferation of choices caters to diverse tastes and dietary requirements, making it easier for consumers to find a product that suits their preferences. The availability of plant-based milk is evident on supermarket shelves. Major grocery store chains worldwide now stock a wide array of plant-based milk brands and varieties. Consumers can easily find these products in the dairy aisle or designated sections for plant-based alternatives. This placement increases visibility and accessibility, encouraging consumers to try these products.

The digital age has ushered in a new era of convenience. Online retail platforms have become significant players in the plant-based milk market. Consumers can order their favorite plant-based milk products with a few clicks and have them delivered to their doorstep. Subscription services further enhance the ease of availability, allowing consumers to set up recurring deliveries, ensuring a constant supply of plant-based milk. The ease of availability of plant-based milk is not limited to a single region. This trend has gone global. Major players in the plant-based milk industry have expanded their distribution networks to reach consumers worldwide. For example, a brand that originated in Europe may now have a strong presence in North America, Asia, and other regions.

The global plant-based milk market has experienced remarkable growth, and the ease of availability has been a crucial factor in driving this expansion. The availability of plant-based milk in supermarkets, convenience stores, online retail platforms, food service establishments, and restaurants has made it accessible to consumers worldwide.

Key Market Challenges

High Prices

The global plant-based milk market has seen remarkable growth in recent years, driven by factors such as increased health consciousness, sustainability concerns, and dietary preferences. However, despite its growing popularity, one significant challenge that continues to persist in this market is the issue of high prices. Plant-based milk production often involves processes that can be cost-intensive. For example, almond milk production requires substantial water usage, and almond crops are susceptible to climate variations, which can impact yields. Oat milk production, on the other hand, involves the milling of oats and additional steps to extract the liquid. These processes contribute to the overall production costs. The cost of sourcing ingredients is a significant factor. High-quality nuts, grains, or legumes used in plant-based milk production can be expensive, particularly if they are sourced sustainably and ethically. Additionally, fluctuations in the prices of these raw materials can affect the final product's cost. Processing and manufacturing plant-based milk involve various steps, including grinding, soaking, blending, and, in some cases, fortification with vitamins and minerals. These processes require equipment and labor, adding to the overall cost.

Competition and innovation in the plant-based milk market can also impact prices. While competition can drive innovation and improve efficiency, it can also lead to premium pricing for unique or specialized products. For example, specialty plant-based milk varieties, such as artisanal nut milk blends, tend to command higher prices. High prices can act as a barrier to entry for some consumers, particularly those with limited disposable income. While some consumers are willing to pay a premium for plant-based milk due to health or sustainability reasons, others may be deterred by the cost difference between plant-based and dairy milk. The challenge of high prices in the global plant-based milk market is a complex issue influenced by various factors, including production costs, sourcing, processing, and competition.

Competition from Conventional Dairy Brands

One of the most notable challenges in the plant-based milk market is the entry of established conventional dairy companies into the sector. These dairy giants, with their extensive resources, distribution networks, and brand recognition, have begun to diversify their product portfolios by introducing plant-based milk alternatives or acquiring existing plant-based milk brands. Conventional dairy brands benefit from decades, or even centuries, of brand recognition and consumer trust. When these companies enter the plant-based milk market, they often leverage their established reputations to gain a foothold. Consumers may be more inclined to try plant-based milk products from familiar names, which can pose a challenge to smaller, specialized plant-based brands.

Conventional dairy companies have the resources to diversify their plant-based milk product lines quickly. They can introduce various flavors, formulations, and packaging options to cater to a broad range of consumer preferences. This ability to offer a wide selection of products can attract a larger customer base and make it more challenging for specialized plant-based brands to stand out. Competition from conventional dairy brands is a significant challenge in the global plant-based milk market. Established dairy companies leverage their brand recognition, distribution networks, and resources to enter the plant-based milk sector. This competition can make it difficult for specialized plant-based brands to gain market share, access distribution channels, and compete on pricing.

Key Market Trends

Diversification of Plant-Based Milk Varieties

One of the most prominent trends in the global plant-based milk market is the diversification of milk alternatives beyond traditional soy and almond milk. Consumers are now presented with a wide array of options, including oat, rice, coconut, hemp, and cashew milk, among others. This diversification caters to various dietary preferences, nutritional needs, and taste preferences. Oat milk has gained significant popularity in recent years, emerging as a strong contender in the plant-based milk market. This trend can be attributed to several factors. Firstly, oat milk has a naturally sweet flavor and creamy texture, making it a suitable replacement for dairy milk in coffee, lattes, and cereals. Secondly, it is often perceived as more sustainable than almond milk due to its lower water usage and smaller environmental footprint. Brands like Oatley have capitalized on this trend, leading to widespread availability of oat milk products. Another trend in plant-based milk diversification is the creation of specialized blends. Brands are combining various plant sources to create unique milk alternatives that offer a well-rounded nutritional profile. For instance, blends of almond and coconut or rice and pea protein aim to provide a balance of taste and nutrients.

Health and Wellness Focus

Consumer awareness of health and wellness is a driving force behind the plant-based milk market. This trend encompasses several aspects, including lower saturated fat and cholesterol content, added vitamins and minerals, and reduced sugar levels in plant-based milk products. Many plant-based milk products are fortified with vitamins and minerals, such as calcium, vitamin D, and vitamin B12, to align with the nutritional profile of dairy milk. This fortification enhances the appeal of plant-based milk among health-conscious consumers, especially those who may be transitioning from dairy. Another health-oriented trend is the availability of low-sugar and unsweetened plant-based milk varieties. As consumers become more conscious of their sugar intake, manufacturers are responding with products that cater to this demand. Unsweetened almond, soy, and oat milk options have become increasingly prevalent on store shelves. To meet the needs of consumers looking to boost their protein intake, some plant-based milk brands offer protein-enriched versions. For instance, pea protein milk has gained popularity due to its higher protein content compared to almond or oat milk. These protein-rich options appeal to athletes, fitness enthusiasts, and individuals seeking plant-based protein sources.

Retail Expansion and Convenience

The ease of availability of plant-based milk has played a pivotal role in its market growth. Retail expansion has been a key trend, making these products accessible to a broader consumer base. Plant-based milk products are now prominently featured in supermarkets, often placed alongside traditional dairy milk. This placement increases visibility and encourages consumers to explore plant-based options. Beyond supermarkets, convenience stores have embraced the trend of offering single-serving cartons of plant-based milk. This makes plant-based milk readily accessible, even when consumers are away from home, contributing to its convenience. The digital age has transformed the way consumers shop for plant-based milk. Online retail platforms and subscription services have gained traction, allowing consumers to order their preferred plant-based milk products with ease and have them delivered directly to their doorstep. This convenience factor appeals to busy individuals and those with specific dietary preferences.

Segmental Insights

Type Insights

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. According to projections, in 2022, the market for plant-based milk would be dominated by the almond milk category with market share of 29.99%. The leading position of this market sector is mainly related to elements including a rise in the number of customers switching to nut-based lactose-free milk, a change in consumer taste preferences, and an increase in general health & environmental concerns. It is anticipated that during the forecast period, this segment will increase. Due to soy-free and gluten-free products are becoming more and more popular, this market is expanding quickly.

Regional Insights

Geographically, it is observed that Asia-Pacific would hold the greatest market share of 50.53% for plant-based milk in 2022. The significant market share of this region is primarily attributable to greater health consciousness, faster adoption of technical improvements in the F&B industry, and a larger demographic base of vegans and vegetarians. The western diet's rising popularity, the region's growing population, and more investment in the dairy substitutes industry are all major contributors to its rapid rise.

Key Market Players

  • Danone S.A.
  • Hebei Yangyuan Zhihui Beverage Co., Ltd.
  • Blue Diamond Growers
  • Coconut Palm Group Co. Ltd.
  • Oatly Group AB
  • Califia Farms, LLC
  • Earth's Own Food Company Inc.
  • The Hain Celestial Group, Inc.
  • SunOpta, Inc.
  • Ripple Foods PBC
  • Australian Health and Nutrition Association Ltd.

Report Scope:

In this report, the Global Plant-Based Milk Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Plant-Based Milk Market, By Type:

  • Soy Milk
  • Coconut Milk
  • Almond Milk
  • Oat Milk
  • Others

Plant-Based Milk Market, By Category:

  • Flavored
  • Non-Flavored

Plant-Based Milk Market, By Packaging:

  • Cartons
  • Bottles
  • Others

Plant-Based Milk Market, By Distribution Channel:

  • Convenience/Grocery Stores
  • Supermarkets
  • Online
  • Others

Plant-Based Milk Market, By Region:

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Plant-Based Milk Market.

Available Customizations:

Global Plant-Based Milk market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Introduction

  • 1.1. Product Overview
  • 1.2. Key Highlights of the Report
  • 1.3. Market Coverage
  • 1.4. Market Segments Covered
  • 1.5. Research Tenure Considered

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Market Overview
  • 3.2. Market Forecast
  • 3.3. Key Regions
  • 3.4. Key Segments

4. Voice of Customers

  • 4.1. Respondent Demographics
    • 4.1.1. By Gender
    • 4.1.2. By Age
    • 4.1.3. By Occupation
  • 4.2. Brand Awareness
  • 4.3. Factors Influencing Purchase Decisions
  • 4.4. Brand Satisfaction
  • 4.5. Customer Satisfaction
  • 4.6. Challenges Faced

5. Global Plant-Based Milk Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type Market Share Analysis (Soy Milk, Coconut Milk, Almond Milk, Oat Milk, Others (Rice Milk, Pea Milk, etc.))
    • 5.2.2. By Category Market Share Analysis (Flavored Vs Non-Flavored)
    • 5.2.3. By Packaging Market Share Analysis (Cartons, Bottles, Others (Pouches, Cans, etc.))
    • 5.2.4. By Distribution Channel Market Share Analysis (Convenience/Grocery Stores, Supermarkets, Online, Others (Specialty Stores, Hypermarkets, etc.))
    • 5.2.5. By Regional Market Share Analysis
      • 5.2.5.1. Asia-Pacific Market Share Analysis
      • 5.2.5.2. North America Market Share Analysis
      • 5.2.5.3. Europe Market Share Analysis
      • 5.2.5.4. South America Market Share Analysis
      • 5.2.5.5. Middle East & Africa Market Share Analysis
    • 5.2.6. By Company Share Market Analysis
  • 5.3. Global Plant-Based Milk Market Mapping & Opportunity Assessment
    • 5.3.1. By Type Market Mapping & Opportunity Assessment
    • 5.3.2. By Category Market Mapping & Opportunity Assessment
    • 5.3.3. By Packaging Market Mapping & Opportunity Assessment
    • 5.3.4. By Distribution Channel Market Mapping & Opportunity Assessment
    • 5.3.5. By Region Market Share Analysis

6. Asia-Pacific Plant-Based Milk Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type Market Share Analysis
    • 6.2.2. By Category Market Share Analysis
    • 6.2.3. By Packaging Market Share Analysis
    • 6.2.4. By Distribution Channel Market Share Analysis
    • 6.2.5. By Country Market Share Analysis
      • 6.2.5.1. China Plant-Based Milk Market Outlook
        • 6.2.5.1.1. Market Size & Forecast
        • 6.2.5.1.1.1. By Value
        • 6.2.5.1.2. Market Share & Forecast
        • 6.2.5.1.2.1. By Type Market Share Analysis
        • 6.2.5.1.2.2. By Category Market Share Analysis
        • 6.2.5.1.2.3. By Packaging Market Share Analysis
        • 6.2.5.1.2.4. By Distribution Channel Market Share Analysis
      • 6.2.5.2. Japan Plant-Based Milk Market Outlook
        • 6.2.5.2.1. Market Size & Forecast
        • 6.2.5.2.1.1. By Value
        • 6.2.5.2.2. Market Share & Forecast
        • 6.2.5.2.2.1. By Type Market Share Analysis
        • 6.2.5.2.2.2. By Category Market Share Analysis
        • 6.2.5.2.2.3. By Packaging Market Share Analysis
        • 6.2.5.2.2.4. By Distribution Channel Market Share Analysis
      • 6.2.5.3. South Korea Plant-Based Milk Market Outlook
        • 6.2.5.3.1. Market Size & Forecast
        • 6.2.5.3.1.1. By Value
        • 6.2.5.3.2. Market Share & Forecast
        • 6.2.5.3.2.1. By Type Market Share Analysis
        • 6.2.5.3.2.2. By Category Market Share Analysis
        • 6.2.5.3.2.3. By Packaging Market Share Analysis
        • 6.2.5.3.2.4. By Distribution Channel Market Share Analysis
      • 6.2.5.4. Australia Plant-Based Milk Market Outlook
        • 6.2.5.4.1. Market Size & Forecast
        • 6.2.5.4.1.1. By Value
        • 6.2.5.4.2. Market Share & Forecast
        • 6.2.5.4.2.1. By Type Market Share Analysis
        • 6.2.5.4.2.2. By Category Market Share Analysis
        • 6.2.5.4.2.3. By Packaging Market Share Analysis
        • 6.2.5.4.2.4. By Distribution Channel Market Share Analysis
      • 6.2.5.5. India Plant-Based Milk Market Outlook
        • 6.2.5.5.1. Market Size & Forecast
        • 6.2.5.5.1.1. By Value
        • 6.2.5.5.2. Market Share & Forecast
        • 6.2.5.5.2.1. By Type Market Share Analysis
        • 6.2.5.5.2.2. By Category Market Share Analysis
        • 6.2.5.5.2.3. By Packaging Market Share Analysis
        • 6.2.5.5.2.4. By Distribution Channel Market Share Analysis

7. North America Plant-Based Milk Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type Market Share Analysis
    • 7.2.2. By Category Market Share Analysis
    • 7.2.3. By Packaging Market Share Analysis
    • 7.2.4. By Form Market Share Analysis
    • 7.2.5. By Distribution Channel Market Share Analysis
    • 7.2.6. By Country Market Share Analysis
      • 7.2.6.1. United States Plant-Based Milk Market Outlook
        • 7.2.6.1.1. Market Size & Forecast
        • 7.2.6.1.1.1. By Value
        • 7.2.6.1.2. Market Share & Forecast
        • 7.2.6.1.2.1. By Type Market Share Analysis
        • 7.2.6.1.2.2. By Category Market Share Analysis
        • 7.2.6.1.2.3. By Packaging Market Share Analysis
        • 7.2.6.1.2.4. By Distribution Channel Market Share Analysis
      • 7.2.6.2. Canada Plant-Based Milk Market Outlook
        • 7.2.6.2.1. Market Size & Forecast
        • 7.2.6.2.1.1. By Value
        • 7.2.6.2.2. Market Share & Forecast
        • 7.2.6.2.2.1. By Type Market Share Analysis
        • 7.2.6.2.2.2. By Category Market Share Analysis
        • 7.2.6.2.2.3. By Packaging Market Share Analysis
        • 7.2.6.2.2.4. By Distribution Channel Market Share Analysis
      • 7.2.6.3. Mexico Plant-Based Milk Market Outlook
        • 7.2.6.3.1. Market Size & Forecast
        • 7.2.6.3.1.1. By Value
        • 7.2.6.3.2. Market Share & Forecast
        • 7.2.6.3.2.1. By Type Market Share Analysis
        • 7.2.6.3.2.2. By Category Market Share Analysis
        • 7.2.6.3.2.3. By Packaging Market Share Analysis
        • 7.2.6.3.2.4. By Distribution Channel Market Share Analysis

8. Europe Plant-Based Milk Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type Market Share Analysis
    • 8.2.2. By Category Market Share Analysis
    • 8.2.3. By Packaging Market Share Analysis
    • 8.2.4. By Distribution Channel Market Share Analysis
    • 8.2.5. By Country Market Share Analysis
      • 8.2.5.1. Germany Plant-Based Milk Market Outlook
        • 8.2.5.1.1. Market Size & Forecast
        • 8.2.5.1.1.1. By Value
        • 8.2.5.1.2. Market Share & Forecast
        • 8.2.5.1.2.1. By Type Market Share Analysis
        • 8.2.5.1.2.2. By Category Market Share Analysis
        • 8.2.5.1.2.3. By Packaging Market Share Analysis
        • 8.2.5.1.2.4. By Distribution Channel Market Share Analysis
      • 8.2.5.2. Spain Plant-Based Milk Market Outlook
        • 8.2.5.2.1. Market Size & Forecast
        • 8.2.5.2.1.1. By Value
        • 8.2.5.2.2. Market Share & Forecast
        • 8.2.5.2.2.1. By Type Market Share Analysis
        • 8.2.5.2.2.2. By Category Market Share Analysis
        • 8.2.5.2.2.3. By Packaging Market Share Analysis
        • 8.2.5.2.2.4. By Distribution Channel Market Share Analysis
      • 8.2.5.3. Italy Plant-Based Milk Market Outlook
        • 8.2.5.3.1. Market Size & Forecast
        • 8.2.5.3.1.1. By Value
        • 8.2.5.3.2. Market Share & Forecast
        • 8.2.5.3.2.1. By Type Market Share Analysis
        • 8.2.5.3.2.2. By Category Market Share Analysis
        • 8.2.5.3.2.3. By Packaging Market Share Analysis
        • 8.2.5.3.2.4. By Distribution Channel Market Share Analysis
      • 8.2.5.4. United Kingdom Plant-Based Milk Market Outlook
        • 8.2.5.4.1. Market Size & Forecast
        • 8.2.5.4.1.1. By Value
        • 8.2.5.4.2. Market Share & Forecast
        • 8.2.5.4.2.1. By Type Market Share Analysis
        • 8.2.5.4.2.2. By Category Market Share Analysis
        • 8.2.5.4.2.3. By Packaging Market Share Analysis
        • 8.2.5.4.2.4. By Distribution Channel Market Share Analysis
      • 8.2.5.5. France Plant-Based Milk Market Outlook
        • 8.2.5.5.1. Market Size & Forecast
        • 8.2.5.5.1.1. By Value
        • 8.2.5.5.2. Market Share & Forecast
        • 8.2.5.5.2.1. By Type Market Share Analysis
        • 8.2.5.5.2.2. By Category Market Share Analysis
        • 8.2.5.5.2.3. By Packaging Market Share Analysis
        • 8.2.5.5.2.4. By Distribution Channel Market Share Analysis

9. South America Plant-Based Milk Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type Market Share Analysis
    • 9.2.2. By Category Market Share Analysis
    • 9.2.3. By Packaging Market Share Analysis
    • 9.2.4. By Distribution Channel Market Share Analysis
    • 9.2.5. By Country Market Share Analysis
      • 9.2.5.1. Brazil Plant-Based Milk Market Outlook
        • 9.2.5.1.1. Market Size & Forecast
        • 9.2.5.1.1.1. By Value
        • 9.2.5.1.2. Market Share & Forecast
        • 9.2.5.1.2.1. By Type Market Share Analysis
        • 9.2.5.1.2.2. By Category Market Share Analysis
        • 9.2.5.1.2.3. By Packaging Market Share Analysis
        • 9.2.5.1.2.4. By Distribution Channel Market Share Analysis
      • 9.2.5.2. Colombia Plant-Based Milk Market Outlook
        • 9.2.5.2.1. Market Size & Forecast
        • 9.2.5.2.1.1. By Value
        • 9.2.5.2.2. Market Share & Forecast
        • 9.2.5.2.2.1. By Type Market Share Analysis
        • 9.2.5.2.2.2. By Category Market Share Analysis
        • 9.2.5.2.2.3. By Packaging Market Share Analysis
        • 9.2.5.2.2.4. By Distribution Channel Market Share Analysis
      • 9.2.5.3. Argentina Plant-Based Milk Market Outlook
        • 9.2.5.3.1. Market Size & Forecast
        • 9.2.5.3.1.1. By Value
        • 9.2.5.3.2. Market Share & Forecast
        • 9.2.5.3.2.1. By Type Market Share Analysis
        • 9.2.5.3.2.2. By Category Market Share Analysis
        • 9.2.5.3.2.3. By Packaging Market Share Analysis
        • 9.2.5.3.2.4. By Distribution Channel Market Share Analysis

10. Middle East and Africa Plant-Based Milk Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type Market Share Analysis
    • 10.2.2. By Category Market Share Analysis
    • 10.2.3. By Packaging Market Share Analysis
    • 10.2.4. By Distribution Channel Market Share Analysis
    • 10.2.5. By Country Market Share Analysis
      • 10.2.5.1. South Africa Plant-Based Milk Market Outlook
        • 10.2.5.1.1. Market Size & Forecast
        • 10.2.5.1.1.1. By Value
        • 10.2.5.1.2. Market Share & Forecast
        • 10.2.5.1.2.1. By Type Market Share Analysis
        • 10.2.5.1.2.2. By Category Market Share Analysis
        • 10.2.5.1.2.3. By Packaging Market Share Analysis
        • 10.2.5.1.2.4. By Distribution Channel Market Share Analysis
      • 10.2.5.2. UAE Plant-Based Milk Market Outlook
        • 10.2.5.2.1. Market Size & Forecast
        • 10.2.5.2.1.1. By Value
        • 10.2.5.2.2. Market Share & Forecast
        • 10.2.5.2.2.1. By Type Market Share Analysis
        • 10.2.5.2.2.2. By Category Market Share Analysis
        • 10.2.5.2.2.3. By Packaging Market Share Analysis
        • 10.2.5.2.2.4. By Distribution Channel Market Share Analysis
      • 10.2.5.3. Turkey Plant-Based Milk Market Outlook
        • 10.2.5.3.1. Market Size & Forecast
        • 10.2.5.3.1.1. By Value
        • 10.2.5.3.2. Market Share & Forecast
        • 10.2.5.3.2.1. By Type Market Share Analysis
        • 10.2.5.3.2.2. By Category Market Share Analysis
        • 10.2.5.3.2.3. By Packaging Market Share Analysis
        • 10.2.5.3.2.4. By Distribution Channel Market Share Analysis
      • 10.2.5.4. Saudi Arabia Plant-Based Milk Market Outlook
        • 10.2.5.4.1. Market Size & Forecast
        • 10.2.5.4.1.1. By Value
        • 10.2.5.4.2. Market Share & Forecast
        • 10.2.5.4.2.1. By Type Market Share Analysis
        • 10.2.5.4.2.2. By Category Market Share Analysis
        • 10.2.5.4.2.3. By Packaging Market Share Analysis
        • 10.2.5.4.2.4. By Distribution Channel Market Share Analysis

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Impact of COVID-19 on Global Plant-Based Milk Market

13. Market Trends & Developments

14. Porter's Five Forces Analysis

  • 14.1. Competitive Rivalry
  • 14.2. Bargaining Power of Buyers
  • 14.3. Bargaining Power of Suppliers
  • 14.4. Threat of New Entrants
  • 14.5. Threat of Substitutes

15. Competitive Landscape

    • 15.1.1. Danone S.A.
      • 15.1.1.1. Company Details
      • 15.1.1.2. Products & Services
      • 15.1.1.3. Financials
      • 15.1.1.4. Key Market Focus & Geographical Presence
      • 15.1.1.5. Recent Developments
      • 15.1.1.6. Key Management Personnel
    • 15.1.2. Hebei Yangyuan Zhihui Beverage Co., Ltd.
      • 15.1.2.1. Company Details
      • 15.1.2.2. Products & Services
      • 15.1.2.3. Financials
      • 15.1.2.4. Key Market Focus & Geographical Presence
      • 15.1.2.5. Recent Developments
      • 15.1.2.6. Key Management Personnel
    • 15.1.3. Blue Diamond Growers
      • 15.1.3.1. Company Details
      • 15.1.3.2. Products & Services
      • 15.1.3.3. Financials
      • 15.1.3.4. Key Market Focus & Geographical Presence
      • 15.1.3.5. Recent Developments
      • 15.1.3.6. Key Management Personnel
    • 15.1.4. Coconut Palm Group Co. Ltd.
      • 15.1.4.1. Company Details
      • 15.1.4.2. Products & Services
      • 15.1.4.3. Key Market Focus & Geographical Presence
      • 15.1.4.4. Recent Developments
      • 15.1.4.5. Key Management Personnel
    • 15.1.5. Oatly Group AB
      • 15.1.5.1. Company Details
      • 15.1.5.2. Products & Services
      • 15.1.5.3. Financials
      • 15.1.5.4. Key Market Focus & Geographical Presence
      • 15.1.5.5. Recent Developments
      • 15.1.5.6. Key Management Personnel
    • 15.1.6. Califia Farms, LLC
      • 15.1.6.1. Company Details
      • 15.1.6.2. Products & Services
      • 15.1.6.3. Key Market Focus & Geographical Presence
      • 15.1.6.4. Recent Developments
      • 15.1.6.5. Key Management Personnel
    • 15.1.7. Earth's Own Food Company Inc.
      • 15.1.7.1. Company Details
      • 15.1.7.2. Products & Services
      • 15.1.7.3. Key Market Focus & Geographical Presence
      • 15.1.7.4. Recent Developments
      • 15.1.7.5. Key Management Personnel
    • 15.1.8. The Hain Celestial Group, Inc.
      • 15.1.8.1. Company Details
      • 15.1.8.2. Products & Services
      • 15.1.8.3. Financials
      • 15.1.8.4. Key Market Focus & Geographical Presence
      • 15.1.8.5. Recent Developments
      • 15.1.8.6. Key Management Personnel
    • 15.1.9. SunOpta, Inc.
      • 15.1.9.1. Company Details
      • 15.1.9.2. Products & Services
      • 15.1.9.3. Financials
      • 15.1.9.4. Key Market Focus & Geographical Presence
      • 15.1.9.5. Recent Developments
      • 15.1.9.6. Key Management Personnel
    • 15.1.10. Ripple Foods PBC
      • 15.1.10.1. Company Details
      • 15.1.10.2. Products & Services
      • 15.1.10.3. Key Market Focus & Geographical Presence
      • 15.1.10.4. Recent Developments
      • 15.1.10.5. Key Management Personnel
    • 15.1.11. Australian Health and Nutrition Association Ltd
      • 15.1.11.1. Company Details
      • 15.1.11.2. Products & Services
      • 15.1.11.3. Key Market Focus & Geographical Presence
      • 15.1.11.4. Recent Developments
      • 15.1.11.5. Key Management Personnel

16. Strategic Recommendations/Action Plan

17. About Us & Disclaimer

List of Figures

  • Figure 1: Global Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 2: Global Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 3: Global Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 4: Global Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 5: Global Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 6: Global Plant-Based Milk Market Share, By Region, By Value, 2022 & 2028F
  • Figure 7: Global Plant-Based Milk Market Share, By Company, By Value, 2022
  • Figure 8: Global Plant-Based Milk Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022
  • Figure 9: Global Plant-Based Milk Market Map, By Category, Market Size (USD Million) & Growth Rate (%), 2022
  • Figure 10: Global Plant-Based Milk Market Map, By Packaging, Market Size (USD Million) & Growth Rate (%), 2022
  • Figure 11: Global Plant-Based Milk Market Map, By Distribution Channel, Market Size (USD Million) & Growth Rate (%), 2022
  • Figure 12: Global Plant-Based Milk Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022
  • Figure 13: Asia-Pacific Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 14: Asia-Pacific Country-wise Population, 2022 (Million)
  • Figure 15: Asia-Pacific Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 16: Asia-Pacific Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 17: Asia-Pacific Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 18: Asia-Pacific Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 19: Asia-Pacific Plant-Based Milk Market Share, By Country, By Value, 2018-2028F
  • Figure 20: China Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 21: China Population, 2018-2022 (Million)
  • Figure 22: China Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 23: China Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 24: China Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 25: China Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 26: Japan Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 27: Japan Population, 2018-2022 (Million)
  • Figure 28: Japan Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 29: Japan Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 30: Japan Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 31: Japan Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 32: South Korea Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 33: South Korea Population, 2018-2022 (Million)
  • Figure 34: South Korea Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 35: South Korea Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 36: South Korea Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 37: South Korea Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 38: Australia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 39: Australia Population, 2018-2022 (Million)
  • Figure 40: Australia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 41: Australia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 42: Australia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 43: Australia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 44: India Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 45: India Population, 2018-2022 (Million)
  • Figure 46: India Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 47: India Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 48: India Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 49: India Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 50: North America Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 51: North America Population (Million), By Country, (2022)
  • Figure 52: North America Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 53: North America Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 54: North America Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 55: North America Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 56: North America Plant-Based Milk Market Share, By Country, By Value, 2018-2028F
  • Figure 57: United States Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 58: United States Population, 2018-2022 (Million)
  • Figure 59: United States Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 60: United States Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 61: United States Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 62: United States Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 63: Canada Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 64: Canada Population, 2018-2022 (Million)
  • Figure 65: Canada Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 66: Canada Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 67: Canada Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 68: Canada Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 69: Mexico Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 70: Mexico Population, 2018-2022 (Million)
  • Figure 71: Mexico Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 72: Mexico Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 73: Mexico Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 74: Mexico Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 75: Europe Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 76: Europe Population, 2018-2022 (Million)
  • Figure 77: Europe Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 78: Europe Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 79: Europe Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 80: Europe Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 81: Europe Plant-Based Milk Market Share, By Country, By Value, 2018-2028F
  • Figure 82: Germany Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 83: Germany Population, 2018-2022 (Million)
  • Figure 84: Germany Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 85: Germany Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 86: Germany Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 87: Germany Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 88: Spain Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 89: Spain Population, 2018-2022 (Million)
  • Figure 90: Spain Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 91: Spain Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 92: Spain Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 93: Spain Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 94: Italy Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 95: Italy Population, 2018-2022 (Million)
  • Figure 96: Italy Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 97: Italy Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 98: Italy Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 99: Italy Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 100: United Kingdom Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 101: United Kingdom Population, 2018-2022 (Million)
  • Figure 102: United Kingdom Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 103: United Kingdom Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 104: United Kingdom Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 105: United Kingdom Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 106: France Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 107: France Population, 2018-2022 (Million)
  • Figure 108: France Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 109: France Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 110: France Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 111: France Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 112: South America Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 113: South America Population (Million), By Country, 2022
  • Figure 114: South America Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 115: South America Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 116: South America Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 117: South America Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 118: South America Plant-Based Milk Market Share, By Country, By Value, 2018-2028F
  • Figure 119: Brazil Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 120: Brazil Population, 2018-2022 (Million)
  • Figure 121: Brazil Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 122: Brazil Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 123: Brazil Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 124: Brazil Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 125: Colombia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 126: Colombia Population, 2018-2022 (Million)
  • Figure 127: Colombia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 128: Colombia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 129: Colombia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 130: Colombia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 131: Argentina Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 132: Argentina Population, 2018-2022 (Million)
  • Figure 133: Argentina Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 134: Argentina Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 135: Argentina Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 136: Argentina Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 137: Middle East & Africa Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 138: Middle East & North Africa Population, 2018-2022 (Million)
  • Figure 139: Middle East & Africa Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 140: Middle East & Africa Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 141: Middle East & Africa Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 142: Middle East & Africa Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 143: Middle East & Africa Plant-Based Milk Market Share, By Country, By Value, 2018-2028F
  • Figure 144: South Africa Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 145: South Africa Population, 2018-2022 (Million)
  • Figure 146: South Africa Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 147: South Africa Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 148: South Africa Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 149: South Africa Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 150: UAE Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 151: UAE Population, 2018-2022 (Million)
  • Figure 152: UAE Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 153: UAE Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 154: UAE Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 155: UAE Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 156: Turkey Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 157: Turkey Population, 2018-2022 (Million)
  • Figure 158: Turkey Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 159: Turkey Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 160: Turkey Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 161: Turkey Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F
  • Figure 162: Saudi Arabia Plant-Based Milk Market Size, By Value (USD Million), 2018-2028F
  • Figure 163: Saudi Arabia Population, 2018-2022 (Million)
  • Figure 164: Saudi Arabia Plant-Based Milk Market Share, By Type, By Value, 2018-2028F
  • Figure 165: Saudi Arabia Plant-Based Milk Market Share, By Category, By Value, 2018-2028F
  • Figure 166: Saudi Arabia Plant-Based Milk Market Share, By Packaging, By Value, 2018-2028F
  • Figure 167: Saudi Arabia Plant-Based Milk Market Share, By Distribution Channel, By Value, 2018-2028F