Global Plant Milk Market Size Study, By Source (Soy, Almond, Oat, Rice, Coconut), By End-User (Mainstream Stores, Specialty Stores, Others), By Formulation (Unsweetened, Sweetened), By Packaging (Carton Packaging, Bottles, Pouches), and Regional Forecasts 2022-2032

October 2024 | 285 pages | ID: G5B12A50E972EN
Bizwit Research & Consulting LLP

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Global Plant Milk Market is valued approximately at USD 15.9 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 11.6% over the forecast period 2024-2032. The Global Plant Milk Market is anticipated to witness substantial growth, driven by increasing consumer preference for plant-based alternatives, rising awareness of lactose intolerance, and the growing popularity of vegan and flexitarian lifestyles. Plant milk, derived from various sources like soy, almonds, oats, and rice, is gaining prominence as a healthier and more sustainable substitute for traditional dairy milk. The market is also being propelled by the trend of fortified plant-based beverages that provide essential vitamins and minerals, matching or even exceeding the nutritional content of cow's milk.
Manufacturers are expanding their product lines to include fortified plant milk options, which appeal to health-conscious consumers seeking lactose-free alternatives without compromising on nutrition. For instance, Califia Farms launched a new line of vegan milk fortified with nine essential nutrients in 2024, aiming to cater to consumers looking for dairy milk alternatives that offer comprehensive nutritional benefits.
The market faces challenges related to the higher cost of plant milk compared to traditional dairy milk. However, advancements in production processes and economies of scale are expected to mitigate these price differences in the coming years. In addition, the rising consumer demand for sustainable and eco-friendly production methods is further driving innovation in the plant milk industry, as companies prioritize reducing their environmental footprint by adopting greener practices.
The key regions considered for the global market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in 2023, with the United States leading the way due to high consumer awareness, the growing adoption of vegan diets, and strong demand for plant-based nutrition. Meanwhile, Asia Pacific is poised for rapid growth due to increasing awareness of lactose intolerance and the expanding middle-class population seeking healthier dietary options.

Key Market Players in the report includes:
Blue Diamond Growers
Califia Farms
Danone
Elmhurst 1925
Mooala
Nestlй
Oatly AB
Pacific Foods
Plenish
Ripple Foods
SunOpta Inc.
The Hain Celestial Group
WhiteWave Foods

The detailed segments and sub-segments of the market are explained below:
By Source:
• Soy
• Almond
• Oat
• Rice
• Coconut
• Others
By End-User:
• Mainstream Stores
• Specialty Stores
• Others (online, natural food stores)
By Formulation:
• Unsweetened
• Sweetened
By Packaging:
• Carton Packaging
• Bottles
• Pouches
By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia-Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year: 2022
• Base year: 2023
• Forecast period: 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
CHAPTER 1: GLOBAL PLANT MILK MARKET EXECUTIVE SUMMARY

1.1. Global Plant Milk Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Source
  1.3.2. By End-User
  1.3.3. By Formulation
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendations & Conclusion

CHAPTER 2: GLOBAL PLANT MILK MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply-Side Analysis
    2.3.3.1. Technological Advancements
  2.3.4. Demand-Side Analysis
    2.3.4.1. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3: GLOBAL PLANT MILK MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Demand for Plant-Based Nutrition
  3.1.2. Rise in Lactose Intolerance and Dairy Allergies
  3.1.3. Growing Adoption of Vegan Diets
  3.1.4. Enhanced Nutritional Fortification of Plant Milk
3.2. Market Challenges
  3.2.1. Higher Production Costs Compared to Dairy Milk
  3.2.2. Fluctuations in Raw Material Prices
3.3. Market Opportunities
  3.3.1. Expanding Product Offerings by Manufacturers
  3.3.2. Growing Awareness of Sustainability and Environmental Impact

CHAPTER 4: GLOBAL PLANT MILK MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Forces 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 Forces Model
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Analyst Recommendations & Conclusion

CHAPTER 5: GLOBAL PLANT MILK MARKET SIZE & FORECASTS BY SOURCE (2022-2032)

5.1. Segment Dashboard
5.2. Global Plant Milk Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Soy
  5.2.2. Almond
  5.2.3. Oat
  5.2.4. Rice
  5.2.5. Coconut
  5.2.6. Others

CHAPTER 6: GLOBAL PLANT MILK MARKET SIZE & FORECASTS BY END-USER (2022-2032)

6.1. Segment Dashboard
6.2. Global Plant Milk Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Mainstream Stores
  6.2.2. Specialty Stores
  6.2.3. Others (Online, Natural Food Stores)

CHAPTER 7: GLOBAL PLANT MILK MARKET SIZE & FORECASTS BY FORMULATION (2022-2032)

7.1. Segment Dashboard
7.2. Global Plant Milk Market: Formulation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Unsweetened
  7.2.2. Sweetened

CHAPTER 8: GLOBAL PLANT MILK MARKET SIZE & FORECASTS BY PACKAGING (2022-2032)

8.1. Segment Dashboard
8.2. Global Plant Milk Market: Packaging Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Carton Packaging
  8.2.2. Bottles
  8.2.3. Pouches

CHAPTER 9: GLOBAL PLANT MILK MARKET SIZE & FORECASTS BY REGION (2022-2032)

9.1. North America Plant Milk Market
  9.1.1. U.S. Plant Milk Market
    9.1.1.1. Source breakdown size & forecasts, 2022-2032
    9.1.1.2. End-User breakdown size & forecasts, 2022-2032
  9.1.2. Canada Plant Milk Market
9.2. Europe Plant Milk Market
  9.2.1. UK Plant Milk Market
  9.2.2. Germany Plant Milk Market
  9.2.3. France Plant Milk Market
  9.2.4. Spain Plant Milk Market
  9.2.5. Italy Plant Milk Market
  9.2.6. Rest of Europe Plant Milk Market
9.3. Asia-Pacific Plant Milk Market
  9.3.1. China Plant Milk Market
  9.3.2. India Plant Milk Market
  9.3.3. Japan Plant Milk Market
  9.3.4. Australia Plant Milk Market
  9.3.5. South Korea Plant Milk Market
  9.3.6. Rest of Asia-Pacific Plant Milk Market
9.4. Latin America Plant Milk Market
  9.4.1. Brazil Plant Milk Market
  9.4.2. Mexico Plant Milk Market
  9.4.3. Rest of Latin America Plant Milk Market
9.5. Middle East & Africa Plant Milk Market
  9.5.1. Saudi Arabia Plant Milk Market
  9.5.2. South Africa Plant Milk Market
  9.5.3. Rest of Middle East & Africa Plant Milk Market

CHAPTER 10: COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Blue Diamond Growers
    8.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Califia Farms
  10.3.3. Danone
  10.3.4. Elmhurst 1925
  10.3.5. Mooala
  10.3.6. Nestlй
  10.3.7. Oatly AB
  10.3.8. Pacific Foods
  10.3.9. Plenish
  10.3.10. Ripple Foods
  10.3.11. SunOpta Inc.
  10.3.12. The Hain Celestial Group
  10.3.13. WhiteWave 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

LIST OF TABLES

TABLE 1. Global Plant Milk Market, report scope
TABLE 2. Global Plant Milk Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Plant Milk Market estimates & forecasts by Source 2022-2032 (USD Billion)
TABLE 4. Global Plant Milk Market estimates & forecasts by End User 2022-2032 (USD Billion)
TABLE 5. Global Plant Milk Market estimates & forecasts by Formulation 2022-2032 (USD Billion)
TABLE 6. Global Plant Milk Market estimates & forecasts by Packaging 2022-2032 (USD Billion)
TABLE 7. Global Plant Milk Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Plant Milk Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Plant Milk Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Plant Milk Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Plant Milk Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Plant Milk Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Plant Milk Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Plant Milk Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Plant Milk Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Plant Milk Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Plant Milk Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Plant Milk Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Plant Milk Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Plant Milk Market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Plant Milk Market, research methodology
FIG 2. Global Plant Milk Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Plant Milk Market, key trends 2023
FIG 5. Global Plant Milk Market, growth prospects 2022-2032
FIG 6. Global Plant Milk Market, porters 5 force model
FIG 7. Global Plant Milk Market, PESTEL analysis
FIG 8. Global Plant Milk Market, value chain analysis
FIG 9. Global Plant Milk Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Plant Milk Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Plant Milk Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Plant Milk Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Plant Milk Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Plant Milk Market, regional snapshot 2022 & 2032
FIG 15. North America Plant Milk Market 2022 & 2032 (USD Billion)
FIG 16. Europe Plant Milk Market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Plant Milk Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Plant Milk Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Plant Milk Market 2022 & 2032 (USD Billion)
FIG 20. Global Plant Milk Market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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