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Plant-based Milk Market Size, Share Global Analysis Report, 2023 – 2030

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Plant-based Milk Market Size, Share, Growth Analysis Report By Type (Almond Milk, Rice Milk, Soy Milk, Oat Milk, and Coconut Milk), By Formulation (Flavored and Unflavored), By Distribution Channel (B2B and B2C), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030

Industry Insights

[216+ Pages Report] According to the report published by Facts & Factors, the global plant-based milk market size was evaluated at $10.1 billion in 2022 and is slated to hit $25.3 billion by the end of 2030 with a CAGR of nearly 10.2% between 2023 and 2030.

plant-based-milk-market-share

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The plant-based milk market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the plant-based milk industry report explores the investor and stakeholder space to help companies make data-driven decisions.

logoMarket Overview

A plant-based milk intake is increasing immensely globally owing to a large number of health benefits provided by soy milk and coconut milk. Moreover, key players such as Archer Daniels Midland Company and Danone Corporation as well as small & new industry players are making notable efforts for increasing their market share through the launching of plant-based milk products. With an increase in the popularity of veganism among millennials, the demand for plant-based milk is anticipated to gain traction in the years ahead.

logoKey Insights

  • As per the analysis shared by our research analyst, the global plant-based milk market is projected to expand annually at the annual growth rate of around 10.2% over the forecast timespan (2023-2030)
  • In terms of revenue, the global plant-based milk market size was evaluated at nearly $10.1 billion in 2022 and is expected to reach $25.3 billion by 2030.
  • The global plant-based milk market is anticipated to record massive growth over the forecast period owing to easy access to raw materials including soy and rice.
  • In terms of type, the almond milk segment is slated to register the fastest CAGR over the forecast period.
  • Based on formulation, the unflavored segment is slated to dominate the segmental surge over the forecast period.
  • On the basis of distribution channel, the B2C segment is slated to dominate the segmental surge over the forecast period.
  • Region-wise, the Asia-Pacific plant-based milk market is projected to register the highest CAGR during the assessment period.

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logoIndustry Growth Factors

  • Lactose intolerance has boosted the global market demand over 2023-2030

The occurrence of lactose intolerance has forced people to look for alternatives that do not contain dairy items and this has culminated into massive global plant-based milk market demand. An increase in customer trends toward a vegan diet will proliferate the expansion of the market globally.

As per the Plant-Based Foods Association, the global market expanded by 9.5% during 2017-2018 with the market contributing nearly 15.3% to the overall milk market. Reportedly, the health benefits provided by a vegan diet along with the rise in demand for dairy substitutes for individuals affected due to heart disorders, obesity, and diabetes will propel the expansion of the global market.

Furthermore, easy access to raw materials including soy and rice will embellish the global market trends. A prominent increment in the consumption of non-dairy products will proliferate the size of the plant-based milk market across the globe. Various governments and health firms have made various recommendations for effectively managing lactose intolerance, thereby embellishing the global market expansion.

logo Restraints

  • Fluctuating raw material costs will impede the global industry expansion over 2023-2030

Oscillating prices of plant-based milk along with the negative impact on infant health due to intake of plant-based milk can put brakes on the plant-based milk industry across the globe.

logo Opportunities

  • Rising demand for plant-based nutrition sources will produce new growth opportunities for the global market

The huge popularity of plant-based nutrition sources and growing demand for label-based products will generate new growth avenues for the plant-based milk market globally. Rise in focus by firms for offering flavored plant-based milk formulations is predicted to open new facets of growth for the global market.

logo Challenges

  • Surge in nut allergies creating life-threatening disorders can prove to be a huge challenge for the global industry

Increase in nut allergies witnessed in adults & children and life-threatening reactions can put a big challenge to the expansion of the plant-based milk industry across the globe.

logoSegmentation Analysis

The global plant-based milk market is sectored type, formulation, distribution channel, and region.    

In type terms, the global plant-based milk market is segregated into almond milk, rice milk, soy milk, oat milk, and coconut milk segments. In addition to this, the almond milk segment, which garnered over 53% of the global market share in 2022, is slated to register the fastest CAGR in the ensuing years. The segmental growth in the forecasting timeline can be due to a surge in customers opting for nut-based lactose-free milk, growing health concerns, and changing tastes of individuals.

On the basis of formulation, the plant-based milk industry across the globe is sectored into flavored and unflavored segments. Furthermore, the unflavored segment, which accumulated a major share of the global industry in 2022, is predicted to dominate the segmental expansion in the forecasting years. The segmental growth in the ensuing years can be a result of customer demand for sugar-free products and non-dairy items along with their smooth texture characteristics.

In terms of distribution channel, the global plant-based milk market is segregated into B2B and B2C segments. Moreover, the B2C segment, which amassed the highest share of the global market in 2022, is anticipated to retain its segmental domination in the years ahead. The key factors that are likely to drive the segmental growth include growing customer preference for shopping in brick & mortar retail shops and the thriving retail sector along with the rise in hypermarkets and supermarkets.  

logoRecent Breakthroughs:

  • In the first half of 2023, Reitan Group, a key retail firm having a presence in Nordic & Baltic states, and Oatly Inc., a Sweden-based firm producing dairy product substitutes, joined hands for operating nearly in a large number of convenience retail stores in Sweden. The move is likely to help the plant-based milk business record a marked growth in Sweden.
  • In the second quarter of 2023, Oatly Group AB, the largest oat milk manufacturer based in Sweden, declared that its vegan cheese is available in the U.S. The move is likely to increase its regional presence along with helping it expand its business and increase its revenue. The initiative is likely to encourage other players in the market to increase their presence in various other countries.  
  • In the first half of 2022, SMA Feeding, a division of Nestle SA, launched a new product to its existing Little Steps Infant Nutrition Product Portfolio which is the best vegan substitute for toddler milk. The initiative will boost the expansion of the global market expansion in the coming years.

logoReport Scope

Report Attribute

Details

Market Size in 2022

USD 10.1 Billion

Projected Market Size in 2030

USD 25.3 Billion

CAGR Growth Rate

10.2% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Mc Cormick & Co., Herbalife International of America Inc., Turtle Mountain LLC, Glanbia PLC, DSM, Abbot Laboratories, Edward & Sons, Bayer AG, DuPont, U.S. Spice Mills Inc., Nestle SA, Amway, The Hershey Company, The Nature’s Bounty Company, Alpina Foods, Mead Johnson and Company LLC, Groupe Danone, The Hershey Company, Premier Nutrition Corporation., and others.

Key Segment

By Type, Formulation, Distribution Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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logoPlant-based Milk Market: Regional Insights 

  • North American plant-based milk market to establish a dominant position over the forecast timeframe

North America, which amassed more than 61% of the global plant-based milk market revenue in 2022, is anticipated to record a notable surge during the projected timespan. The regional market expansion over 2023-2030 can be subject to the rise in the vegan population in the sub-continent. Swift demand for non-dairy items has translated into the growing popularity of plant-based milk, thereby steering the regional market trends. The rise in per capita spending of the population in the region will embellish the growth of the market in the region. A surge in the acceptance of healthy foods will steer the growth of the market across the region.

Furthermore, the plant-based milk industry in the Asia-Pacific region is predicted to register the highest CAGR in the assessment timeframe. The factor that is likely to influence the growth of the regional industry are escalating intake of plant-based milk by the population of the region. In addition to this, the easy availability of source materials for manufacturing plant-based milk in China, South Korea, and India will embellish the regional industry trends.

logo Competitive Space

  • Mc Cormick & Co. 
  • Herbalife International of America Inc. 
  • Turtle Mountain LLC 
  • Glanbia PLC 
  • DSM 
  • Abbot Laboratories 
  • Edward & Sons 
  • Bayer AG 
  • DuPont 
  • U.S. Spice Mills Inc. 
  • Nestle SA 
  • Amway 
  • The Hershey Company 
  • The Nature’s Bounty Company 
  • Alpina Foods 
  • Mead Johnson and Company LLC 
  • Groupe Danone 
  • The Hershey Company 
  • Premier Nutrition Corporation.

The global plant-based milk market is segmented as follows:

logoBy Type Segment Analysis

  • Almond Milk
  • Rice Milk
  • Soy Milk
  • Oat Milk
  • Coconut Milk

logoBy Formulation Segment Analysis

  • Flavored
  • Unflavored

logoBy Distribution Channel Segment Analysis

  • B2B
  • B2C

logoBy Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Table of Content

  1. Chapter 1. Preface
    1. 1.1 Report Description and Scope
  2. 1.2 Research scope
  3. 1.3 Research methodology
    1. 1.3.1 Market Research Type
    2. 1.3.2 Market research methodology
  4. Chapter 2. Executive Summary
    1. 2.1 Global Plant-based Milk Market, (2023 - 2030) (USD Billion)
  5. 2.2 Global Plant-based Milk Market : snapshot
  6. Chapter 3. Global Plant-based Milk Market - Industry Analysis
    1. 3.1 Plant-based Milk Market: Market Dynamics
  7. 3.2 Market Drivers
    1. 3.2.1 Lactose intolerance has boosted the global market demand over 2023-2030
    2. 3.2.2 Driver 2
  8. 3.3 Market Restraints
  9. 3.4 Market Opportunities
  10. 3.5 Market Challenges
  11. 3.6 Porter’s Five Forces Analysis
  12. 3.7 Market Attractiveness Analysis
    1. 3.7.1 Market attractiveness analysis By Type
    2. 3.7.2 Market attractiveness analysis By Formulation
    3. 3.7.3 Market attractiveness analysis By Distribution Channel
  13. Chapter 4. Global Plant-based Milk Market- Competitive Landscape
    1. 4.1 Company market share analysis
    2. 4.1.1 Global Plant-based Milk Market: company market share, 2022
  14. 4.2 Strategic development
    1. 4.2.1 Acquisitions & mergers
    2. 4.2.2 New Product launches
    3. 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
    4. 4.2.4 Research and development and Regional expansion
  15. 4.3 Price trend analysis
  16. Chapter 5. Global Plant-based Milk Market - Type Analysis
    1. 5.1 Global Plant-based Milk Market overview: By Type
    2. 5.1.1 Global Plant-based Milk Market share, By Type, 2022 and 2030
  17. 5.2 Almond Milk
    1. 5.2.1 Global Plant-based Milk Market by Almond Milk, 2023 - 2030 (USD Billion)
  18. 5.3 Rice Milk
    1. 5.3.1 Global Plant-based Milk Market by Rice Milk, 2023 - 2030 (USD Billion)
  19. 5.4 Soy Milk
    1. 5.4.1 Global Plant-based Milk Market by Soy Milk, 2023 - 2030 (USD Billion)
  20. 5.5 Oat Milk
    1. 5.5.1 Global Plant-based Milk Market by Oat Milk, 2023 - 2030 (USD Billion)
  21. 5.6 Coconut Milk
    1. 5.6.1 Global Plant-based Milk Market by Coconut Milk, 2023 - 2030 (USD Billion)
  22. Chapter 6. Global Plant-based Milk Market - Formulation Analysis
    1. 6.1 Global Plant-based Milk Market overview: By Formulation
    2. 6.1.1 Global Plant-based Milk Market share, By Formulation, 2022 and 2030
  23. 6.2 Flavored
    1. 6.2.1 Global Plant-based Milk Market by Flavored, 2023 - 2030 (USD Billion)
  24. 6.3 Unflavored
    1. 6.3.1 Global Plant-based Milk Market by Unflavored, 2023 - 2030 (USD Billion)
  25. Chapter 7. Global Plant-based Milk Market - Distribution Channel Analysis
    1. 7.1 Global Plant-based Milk Market overview: By Distribution Channel
    2. 7.1.1 Global Plant-based Milk Market share, By Distribution Channel, 2022 and 2030
  26. 7.2 B2B
    1. 7.2.1 Global Plant-based Milk Market by B2B , 2023 - 2030 (USD Billion)
  27. 7.3 B2C
    1. 7.3.1 Global Plant-based Milk Market by B2C , 2023 - 2030 (USD Billion)
  28. Chapter 8. Plant-based Milk Market - Regional Analysis
    1. 8.1 Global Plant-based Milk Market Regional Overview
  29. 8.2 Global Plant-based Milk Market Share, by Region, 2022 & 2030 (USD Billion)
    1. 8.3. North America
    2. 8.3.1 North America Plant-based Milk Market, 2023 - 2030 (USD Billion)
      1. 8.3.1.1 North America Plant-based Milk Market, by Country, 2023 - 2030 (USD Billion)
  30. 8.4 North America Plant-based Milk Market, by Type, 2023 - 2030
    1. 8.4.1 North America Plant-based Milk Market, by Type, 2023 - 2030 (USD Billion)
  31. 8.5 North America Plant-based Milk Market, by Formulation, 2023 - 2030
    1. 8.5.1 North America Plant-based Milk Market, by Formulation, 2023 - 2030 (USD Billion)
  32. 8.6 North America Plant-based Milk Market, by Distribution Channel, 2023 - 2030
    1. 8.6.1 North America Plant-based Milk Market, by Distribution Channel, 2023 - 2030 (USD Billion)
    2. 8.7. Europe
    3. 8.7.1 Europe Plant-based Milk Market, 2023 - 2030 (USD Billion)
      1. 8.7.1.1 Europe Plant-based Milk Market, by Country, 2023 - 2030 (USD Billion)
  33. 8.8 Europe Plant-based Milk Market, by Type, 2023 - 2030
    1. 8.8.1 Europe Plant-based Milk Market, by Type, 2023 - 2030 (USD Billion)
  34. 8.9 Europe Plant-based Milk Market, by Formulation, 2023 - 2030
    1. 8.9.1 Europe Plant-based Milk Market, by Formulation, 2023 - 2030 (USD Billion)
  35. 8.10 Europe Plant-based Milk Market, by Distribution Channel, 2023 - 2030
    1. 8.10.1 Europe Plant-based Milk Market, by Distribution Channel, 2023 - 2030 (USD Billion)
    2. 8.11. Asia Pacific
    3. 8.11.1 Asia Pacific Plant-based Milk Market, 2023 - 2030 (USD Billion)
      1. 8.11.1.1 Asia Pacific Plant-based Milk Market, by Country, 2023 - 2030 (USD Billion)
  36. 8.12 Asia Pacific Plant-based Milk Market, by Type, 2023 - 2030
    1. 8.12.1 Asia Pacific Plant-based Milk Market, by Type, 2023 - 2030 (USD Billion)
  37. 8.13 Asia Pacific Plant-based Milk Market, by Formulation, 2023 - 2030
    1. 8.13.1 Asia Pacific Plant-based Milk Market, by Formulation, 2023 - 2030 (USD Billion)
  38. 8.14 Asia Pacific Plant-based Milk Market, by Distribution Channel, 2023 - 2030
    1. 8.14.1 Asia Pacific Plant-based Milk Market, by Distribution Channel, 2023 - 2030 (USD Billion)
    2. 8.15. Latin America
    3. 8.15.1 Latin America Plant-based Milk Market, 2023 - 2030 (USD Billion)
      1. 8.15.1.1 Latin America Plant-based Milk Market, by Country, 2023 - 2030 (USD Billion)
  39. 8.16 Latin America Plant-based Milk Market, by Type, 2023 - 2030
    1. 8.16.1 Latin America Plant-based Milk Market, by Type, 2023 - 2030 (USD Billion)
  40. 8.17 Latin America Plant-based Milk Market, by Formulation, 2023 - 2030
    1. 8.17.1 Latin America Plant-based Milk Market, by Formulation, 2023 - 2030 (USD Billion)
  41. 8.18 Latin America Plant-based Milk Market, by Distribution Channel, 2023 - 2030
    1. 8.18.1 Latin America Plant-based Milk Market, by Distribution Channel, 2023 - 2030 (USD Billion)
    2. 8.19. The Middle-East and Africa
    3. 8.19.1 The Middle-East and Africa Plant-based Milk Market, 2023 - 2030 (USD Billion)
      1. 8.19.1.1 The Middle-East and Africa Plant-based Milk Market, by Country, 2023 - 2030 (USD Billion)
  42. 8.20 The Middle-East and Africa Plant-based Milk Market, by Type, 2023 - 2030
    1. 8.20.1 The Middle-East and Africa Plant-based Milk Market, by Type, 2023 - 2030 (USD Billion)
  43. 8.21 The Middle-East and Africa Plant-based Milk Market, by Formulation, 2023 - 2030
    1. 8.21.1 The Middle-East and Africa Plant-based Milk Market, by Formulation, 2023 - 2030 (USD Billion)
  44. 8.22 The Middle-East and Africa Plant-based Milk Market, by Distribution Channel, 2023 - 2030
    1. 8.22.1 The Middle-East and Africa Plant-based Milk Market, by Distribution Channel, 2023 - 2030 (USD Billion)
  45. Chapter 9. Company Profiles
    1. 9.1 Mc Cormick & Co.
    2. 9.1.1 Overview
    3. 9.1.2 Financials
    4. 9.1.3 Product Portfolio
    5. 9.1.4 Business Strategy
    6. 9.1.5 Recent Developments
  46. 9.2 Herbalife International of America Inc.
    1. 9.2.1 Overview
    2. 9.2.2 Financials
    3. 9.2.3 Product Portfolio
    4. 9.2.4 Business Strategy
    5. 9.2.5 Recent Developments
  47. 9.3 Turtle Mountain LLC
    1. 9.3.1 Overview
    2. 9.3.2 Financials
    3. 9.3.3 Product Portfolio
    4. 9.3.4 Business Strategy
    5. 9.3.5 Recent Developments
  48. 9.4 Glanbia PLC
    1. 9.4.1 Overview
    2. 9.4.2 Financials
    3. 9.4.3 Product Portfolio
    4. 9.4.4 Business Strategy
    5. 9.4.5 Recent Developments
  49. 9.5 DSM
    1. 9.5.1 Overview
    2. 9.5.2 Financials
    3. 9.5.3 Product Portfolio
    4. 9.5.4 Business Strategy
    5. 9.5.5 Recent Developments
  50. 9.6 Abbot Laboratories
    1. 9.6.1 Overview
    2. 9.6.2 Financials
    3. 9.6.3 Product Portfolio
    4. 9.6.4 Business Strategy
    5. 9.6.5 Recent Developments
  51. 9.7 Edward & Sons
    1. 9.7.1 Overview
    2. 9.7.2 Financials
    3. 9.7.3 Product Portfolio
    4. 9.7.4 Business Strategy
    5. 9.7.5 Recent Developments
  52. 9.8 Bayer AG
    1. 9.8.1 Overview
    2. 9.8.2 Financials
    3. 9.8.3 Product Portfolio
    4. 9.8.4 Business Strategy
    5. 9.8.5 Recent Developments
  53. 9.9 DuPont
    1. 9.9.1 Overview
    2. 9.9.2 Financials
    3. 9.9.3 Product Portfolio
    4. 9.9.4 Business Strategy
    5. 9.9.5 Recent Developments
  54. 9.10 U.S. Spice Mills Inc.
    1. 9.10.1 Overview
    2. 9.10.2 Financials
    3. 9.10.3 Product Portfolio
    4. 9.10.4 Business Strategy
    5. 9.10.5 Recent Developments
  55. 9.11 Nestle SA
    1. 9.11.1 Overview
    2. 9.11.2 Financials
    3. 9.11.3 Product Portfolio
    4. 9.11.4 Business Strategy
    5. 9.11.5 Recent Developments
  56. 9.12 Amway
    1. 9.12.1 Overview
    2. 9.12.2 Financials
    3. 9.12.3 Product Portfolio
    4. 9.12.4 Business Strategy
    5. 9.12.5 Recent Developments
  57. 9.13 The Hershey Company
    1. 9.13.1 Overview
    2. 9.13.2 Financials
    3. 9.13.3 Product Portfolio
    4. 9.13.4 Business Strategy
    5. 9.13.5 Recent Developments
  58. 9.14 The Nature’s Bounty Company
    1. 9.14.1 Overview
    2. 9.14.2 Financials
    3. 9.14.3 Product Portfolio
    4. 9.14.4 Business Strategy
    5. 9.14.5 Recent Developments
  59. 9.15 Alpina Foods
    1. 9.15.1 Overview
    2. 9.15.2 Financials
    3. 9.15.3 Product Portfolio
    4. 9.15.4 Business Strategy
    5. 9.15.5 Recent Developments
  60. 9.16 Mead Johnson and Company LLC
    1. 9.16.1 Overview
    2. 9.16.2 Financials
    3. 9.16.3 Product Portfolio
    4. 9.16.4 Business Strategy
    5. 9.16.5 Recent Developments
  61. 9.17 Groupe Danone
    1. 9.17.1 Overview
    2. 9.17.2 Financials
    3. 9.17.3 Product Portfolio
    4. 9.17.4 Business Strategy
    5. 9.17.5 Recent Developments
  62. 9.18 The Hershey Company
    1. 9.18.1 Overview
    2. 9.18.2 Financials
    3. 9.18.3 Product Portfolio
    4. 9.18.4 Business Strategy
    5. 9.18.5 Recent Developments
  63. 9.19 Premier Nutrition Corporation.
    1. 9.19.1 Overview
    2. 9.19.2 Financials
    3. 9.19.3 Product Portfolio
    4. 9.19.4 Business Strategy
    5. 9.19.5 Recent Developments

    List of Figures

    1. Market research Type 
    2. Market research methodology 
    3. Global Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    4. Porter’s Five Forces Analysis 
    5. Global Plant-based Milk Market attractiveness, By Type 
    6. Global Plant-based Milk Market attractiveness, By Formulation 
    7. Global Plant-based Milk Market attractiveness, By Distribution Channel 
    8. Global Plant-based Milk Market share by Type, 2023 and 2030 (USD Billion) 
    9. Global Plant-based Milk Market by Almond Milk, 2023 - 2030 (USD Billion) 
    10. Global Plant-based Milk Market by Rice Milk, 2023 - 2030 (USD Billion) 
    11. Global Plant-based Milk Market by Soy Milk, 2023 - 2030 (USD Billion) 
    12. Global Plant-based Milk Market by Oat Milk, 2023 - 2030 (USD Billion) 
    13. Global Plant-based Milk Market by Coconut Milk, 2023 - 2030 (USD Billion) 
    14. Global Plant-based Milk Market share by Formulation, 2023 and 2030 (USD Billion) 
    15. Global Plant-based Milk Market by Flavored, 2023 - 2030 (USD Billion) 
    16. Global Plant-based Milk Market by Unflavored, 2023 - 2030 (USD Billion) 
    17. Global Plant-based Milk Market share by Distribution Channel, 2023 and 2030 (USD Billion) 
    18. Global Plant-based Milk Market by B2B , 2023 - 2030 (USD Billion) 
    19. Global Plant-based Milk Market by B2C , 2023 - 2030 (USD Billion) 
    20. Global Plant-based Milk Market share, by Region, 2023 and 2030 
    21. North America Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    22. Europe Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    23. Asia Pacific Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    24. Latin America Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    25. The Middle-East and Africa Plant-based Milk Market, 2023 - 2030 (USD Billion) 
    

    List of Tables

    1. Global Plant-based Milk Market: Snapshot 
    2. Drivers of the Plant-based Milk Market: impact analysis 
    3. North America Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    4. North America Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    5. North America Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    6. U.S. Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    7. U.S. Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    8. U.S. Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    9. Canada Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    10. Canada Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    11. Canada Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    12. Europe Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    13. Europe Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    14. Europe Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    15. Germany Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    16. Germany Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    17. Germany Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    18. France Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    19. France Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    20. France Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    21. U.K. Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    22. U.K. Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    23. U.K. Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    24. Italy Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    25. Italy Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    26. Italy Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    27. Spain Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    28. Spain Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    29. Spain Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    30. Rest of Europe Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    31. Rest of Europe Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    32. Rest of Europe Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    33. Asia Pacific Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    34. Asia Pacific Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    35. Asia Pacific Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    36. China Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    37. China Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    38. China Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    39. Japan Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    40. Japan Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    41. Japan Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    42. India Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    43. India Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    44. India Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    45. South Korea Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    46. South Korea Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    47. South Korea Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    48. South-East Asia Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    49. South-East Asia Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    50. South-East Asia Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    51. Rest of Asia Pacific Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    52. Rest of Asia Pacific Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    53. Rest of Asia Pacific Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    54. Latin America Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    55. Latin America Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    56. Latin America Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    57. Brazil Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    58. Brazil Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    59. Brazil Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    60. Mexico Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    61. Mexico Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    62. Mexico Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    63. Rest of Latin America Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    64. Rest of Latin America Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    65. Rest of Latin America Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    66. The Middle-East and Africa Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    67. The Middle-East and Africa Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    68. The Middle-East and Africa Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    69. GCC Countries Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    70. GCC Countries Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    71. GCC Countries Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    72. South Africa Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    73. South Africa Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    74. South Africa Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    75. Rest of Middle-East Africa Plant-based Milk Market revenue, By Type, 2023 - 2030 (USD Billion) 
    76. Rest of Middle-East Africa Plant-based Milk Market revenue, By Formulation, 2023 - 2030 (USD Billion) 
    77. Rest of Middle-East Africa Plant-based Milk Market revenue, By Distribution Channel, 2023 - 2030 (USD Billion) 
    

Industry Major Market Players

  • Mc Cormick & Co. 
  • Herbalife International of America Inc. 
  • Turtle Mountain LLC 
  • Glanbia PLC 
  • DSM 
  • Abbot Laboratories 
  • Edward & Sons 
  • Bayer AG 
  • DuPont 
  • U.S. Spice Mills Inc. 
  • Nestle SA 
  • Amway 
  • The Hershey Company 
  • The Nature’s Bounty Company 
  • Alpina Foods 
  • Mead Johnson and Company LLC 
  • Groupe Danone 
  • The Hershey Company 
  • Premier Nutrition Corporation.