Plant Milk Market Increasing at A Phenomenal Pace to Reach more than USD 25.77 Billion By 2032

According to the report, the global Plant Milk market size was valued at approximately USD 9.52 billion in 2023 and is predicted to reach around USD 25.77 billion by the end of 2032, expanding at a CAGR of around 11.7% from 2024 to 2032.

The Plant milk market is expected to witness significant growth within the forecast period on account of increasing demand for vegan foods and beverages. This is attributed to increasing health awareness coupled with healthy eating benefits like nutritional values. With people becoming more aware and benevolent, they have started caring for the body and thinking about what they eat and the source they get from. This is relevant to the plant milk market too.

Apart from this, the global Plant milk market is generating a lot of demand because of the surge in consumer preference for lactose-free food products. There is increasing demand for organic foods and beverages owing to the fact that it has healthy benefits like boosting metabolism and strengthening immunity.

Global Plant Milk Market

With many new entrants coming into the market, the global Plant milk market is displaying a highly competitive business landscape with new technologies and manufacturing processes being adopted to explore the new bases, finds a new research report by Zion Market Research (ZMR). Danone S.A., Oatly AB, Campbell Soup Company, Organic Valley, and Earth’s Own Food Company, amongst others, are some key players in the plant milk market across the world. They are focusing on business expansion to grow their footprints in other regions, adding strategies like quality improvement and new product development segments to meet the rising demand of consumers.

APAC Region to Account for Largest Market Share

Asia Pacific Region has accounted for more than 12.4% share of the market in 2023. The growth in this region is majorly supported by increasing urbanization and awareness of healthy food. APAC countries are also the source of raw materials used in Plant milk and have low labour rates as well. There is a rise in awareness of sustainability in regions like India, China and Japan. The market in Australia and China will be driven majorly due to the large economy as well.

Many companies originate from North America, led by the U.S. People in the U.S. and Canada are preferring the vegan food along with nutrient-rich food.

Major companies in the Plant milk market are Danone S.A., Oatly AB, Campbell Soup Company, Organic Valley, Earth’s Own Food Company, Elmhurst Milked Direct LLC, Califia Farms, Blue Diamond Growers, Hain Celestial Group Inc., Ripple Foods, amongst others. These players are set to bolster the development of the global plant milk market.

The global Plant Milk Market is segmented as follows:

By Source

• Almond
• Soy
• Coconut
• Rice
• Others

By Distribution Channel

• Supermarket
• Specialty Stores
• Pharmacies
• Online Stores
• Others

By Formulation

• Unsweetened
• Sweetened

By Packaging

• Bottles
• Pouches
• Cartons

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com