Market Snapshot:
Vegetable milk, which is made up of extracts from soy, almonds, coconuts, oats, and rice, is a great alternative to dairy and other animal milk on the market. Vegetable milk is popular among customers because of its high nutritional content, which includes vitamins, minerals, carbs, and proteins. It has a variety of uses in the food & beverage, dairy, and cosmetic industries. Growing awareness of vegetable milk and its nutritional benefits is expected to drive growth for plant milk throughout the forecast period. Vegetable-based milk is becoming increasingly popular among consumers, owing to rising health and wellness concerns as well as increased awareness of fat and diabetic disorders, all of which will push customers to choose non-dairy alternatives to dairy products.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | DREAM (Japan), Danone (France), Daiya Foods (Canda), Archer Daniels Midland (United States), Malk Organic (United States), Ripple Foods (United States), The New Barn (United Kingdom), Califia Farms (United States), The Hain Celestial (United States) and Blue Diamond Growers (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Drivers
- Growth in Consumer Preference for a Vegan Diet People
- Vegetable Milk Nutritional Benefits Offered By Plant-Based Dairy Alternatives
Market Trend
- Plant-Based Dairy Alternative Provides Nutritional Benefits
- Lactose Intolerance and Milk Allergy Are On the Rise
Restraints
- Vegetable Milk Raw Materials and Volatile Prices
Opportunities
- Replacements to Vegetable Milk Are Becoming Increasingly Popular
- Veganism Is Becoming More Popular Among Consumers
Challenges
- Vegetable Milk Raw Material Prices Fluctuate
- Patients with lactose intolerance, celiac disease, and vegans can benefit from nut milk
The Vegetable Milk market framework should serve as a basic structure to support the strategic decision-making process for Vendors. For instance, the question of whether a Vendors wants to expand in other areas of the market value chain would fundamentally determines its strategy.
1. What is the current setup of the Vegetable Milk Industry, and what is its growth trajectory through 2027?
2. Trends that might impact the resulting strategic moves of the Vendors
3. How can Vendors take advantage of the changing market dynamics and capture new opportunities lying in Vegetable Milk market?
The key Vendors profiled in the report are DREAM (Japan), Danone (France), Daiya Foods (Canda), Archer Daniels Midland (United States), Malk Organic (United States), Ripple Foods (United States), The New Barn (United Kingdom), Califia Farms (United States), The Hain Celestial (United States) and Blue Diamond Growers (United States). Additionally, other players that are part of this comprehensive study are SunOpta Inc. (Canda), Pacific Foods of Oregon, Inc. (United States), Goya Foods (United States) and Others.