Meticulous Research® Unveils Comprehensive Analysis of the Plant-Based Milk Market Forecast to 2031

 

Meticulous Research®, a premier global market research firm, has released its latest report on the plant-based milk sector, titled "Plant-Based Milk Market Size, Share, Forecast, & Trends Analysis by Type, Formulation, Distribution Channel - Global Forecast to 2031." This in-depth study highlights the dynamic growth trajectory of the plant-based milk industry, projecting a remarkable market valuation of $52.54 billion by 2031, driven by a robust compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5304

Market Drivers and Restraints

The expansion of the plant-based milk market is significantly propelled by increasing lactose intolerance and cow milk allergies, a heightened focus on health and wellness, evolving dietary preferences, and a commitment to sustainability. Furthermore, rising investments and governmental support for plant-based industries are contributing to market growth. Nonetheless, challenges such as a strong preference for animal-based milk products and the rising demand for soy-free and gluten-free options pose potential restraints.

Regional Insights and Opportunities

Emerging economies in Asia-Pacific and Latin America present substantial growth opportunities. However, market participants must navigate the complexities of fluctuating raw material prices.

Competitive Landscape

The plant-based milk market features a moderately competitive environment, encompassing a diverse range of global, regional, and local players. Key industry leaders include:

  • Hain Celestial Group, Inc. (U.S.)
  • SunOpta Inc. (Canada)
  • Sanitarium Health and Wellbeing Company (Australia)
  • Axiom Foods, Inc. (U.S.)
  • Earth's Own Food Company, Inc. (Canada)
  • Sunrise Soya Foods (Canada)
  • Campbell Soup Company (U.S.)
  • Danone S.A. (France)
  • Plamil Foods Ltd. (U.K.)
  • Sahmyook Foods (South Korea)
  • Nestlé S.A. (Switzerland)
  • Natura Foods (Canada)
  • Blue Diamond Growers (U.S.)
  • Oatly Group AB (Sweden)

Market Segmentation

  • By Type: The market is segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and other plant-based options. Almond milk is anticipated to dominate with a projected share of 59.9% in 2024, driven by a shift towards nut-based lactose-free options, changing taste preferences, and growing health and environmental consciousness.
  • By Formulation: The market is divided into unflavored and flavored plant-based milk. The unflavored segment is expected to hold a larger share of 64.4% in 2024, attributed to the increasing demand for naturally dairy-free and sugar-free products with a clean taste and versatile use in recipes.
  • By Distribution Channel: The market is segmented into business-to-business (B2B) and business-to-consumer (B2C). The B2C segment is set to lead with a 67.4% share in 2024, driven by higher retail sales, expanded shelf space in modern grocery stores, and growing consumer acceptance of vegan and vegetarian alternatives.

Geographic Review

The report provides an exhaustive analysis of major regions:

  • Asia-Pacific: Expected to capture the largest market share of 49.7% in 2024, valued at USD 28.07 billion. This growth is attributed to increasing health awareness, advanced technological adoption in the food and beverage sector, and a significant vegan and vegetarian population.
  • Europe and North America: Following Asia-Pacific, these regions are also expected to experience substantial market growth.

Quick Buy @ https://www.meticulousresearch.com/Checkout/36205082

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

E-bikes Market to be Worth $88.3 Billion by 2030—Exclusive Report by Meticulous Research®”

   “E-bikes Market to be Worth $88.3 Billion by 2030—Exclusive Report by Meticulous Research®” According to a new market research report titled, ‘ E-bikes Market by Propulsion Type (Throttle-assisted and Dual Mode), Class, Power Output, E-bike Type, Battery Type, Motor Type (Hub Motors and Mid-drive Motors), Structure, Charging Type, Charging Mode, and End User — Global Forecast to 2030, the ‘e-bikes market is projected to reach $88.3 billion by 2030, at a CAGR of 11.9% during the forecast period . Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5555    E-bikes are bicycles with a battery-powered assist that comes via pedaling and, in some cases, a throttle. In e-bikes, the motor will get its power from a rechargeable battery mounted on the bike. E-bikes are a flexible, eco-friendly, and versa...
Read more

U.S. Ambulatory EHR Market to be Worth $3.57 Billion by 2030

  Meticulous Research ® —a leading market research company, published a research report titled,  ‘ U.S. Ambulatory EHR Market  by Delivery Mode (Cloud-based, On-premise), Type, Practice Size (Large, Small-to-medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User - Forecast to 2030.’ Download Sample Report Here @   https://www.meticulousresearch.com/download-sample-report/cp_id=5609 According to this latest publication from Meticulous Research ® , the ambulatory EHR market in the U.S. is projected to reach $3.57 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. Increasing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the growing need to reduce operating costs in the healthcare industry are the key factors driving the U.S. ambulatory EHR market. Additionally, the integration of artificial intelligence ...
Read more

Wi-Fi 6 Market Worth $105.4 Billion by 2028

   “Wi-Fi 6 Market Worth $105.4 Billion by 2028” Meticulous Research®—a leading global market research company, published a research report titled " Wi-Fi 6 Market  by Devices (Mesh Routers, Access Points, Home Gateways, Repeaters), Commercial Use (Enterprises, Consumers), Application (Consumer Electronics, Healthcare, Manufacturing, Smart Cities, AR/VR, Others), and Geography — Global Forecasts to 2028" . Download Free Sample Report Here :  https://www.meticulousresearch.com/download-sample-report/cp_id=5238 The Wi-Fi 6 market is expected to grow at a CAGR of 73.8% by value from 2021 to reach $105.4 billion by 2028. The increasing demand for high-speed internet connection, growing number of internet users and devices, and rising adoption of Wi-Fi 6 Devices for smart home applications are some of the key factors driving the growth of the Wi-Fi 6 mar...
Read more