Industry Background:
The plant-based milk are gaining strong popularity. The leading players are focusing on quirky packaging, hard advertising campaigns. In this market, North America is having the largest market share of around 25 percent of the global plant milk market, which is also impacting on European plant milk industry. Because of the high availability of raw material is creating a huge market opportunity in this market. With the advancement in plant-based dairies such as ice cream, yogurt, and cheese at a rapid rate, but from that plant-based ice cream and frozen novelty segment is gaining high attraction from consumers and also becoming most revenue generation segment.This growth is primarily driven by High Growth in Food Categories, Growing Demand of Long Life Dairy Products and Rising Nutritional Production Capacity Such As Developing New Protein Extraction Lines.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Ripple Foods (United States), Danone (France), WhiteWave Foods (United States), Oatly (Sweden), Innocent Drinks (United Kingdom), Rude Health (United Kingdom), Archer-Daniels-Midland (United States), Alpro (Belgium), Freedom Foods (Australia) and Hain Celestial Group (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 |
Globally, a noticeable market trend is evident Low Cost Associated With Plant Milk
. Major Vendors, such as Ripple Foods (United States), Danone (France), WhiteWave Foods (United States), Oatly (Sweden), Innocent Drinks (United Kingdom), Rude Health (United Kingdom), Archer-Daniels-Midland (United States), Alpro (Belgium), Freedom Foods (Australia) and Hain Celestial Group (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2019, Freedom Foods announced the up-gradation of its Shepparton milk processing plant with USD 130 million productions. This step is taken to satisfy all demand for long-life dairy products.
Market Drivers
- High Growth in Food Categories
- Growing Demand of Long Life Dairy Products
- Rising Nutritional Production Capacity Such As Developing New Protein Extraction Lines
Market Trend
- Low Cost Associated With Plant Milk
- Increasing Number of New Player across Emerging Countries
- Rising Popularity of Almond Milk among Heart-Health Concern People
Restraints
- Volatile Prices of Raw Materials
Opportunities
Rising Health Consciousness from Consumer, Growing Concern towards Animal Cruelty and Changing Consumer Lifestyles Regarding Diabetes and Obesity Are Creating Huge Growth Potential in This Market
Challenges
Limited Availability of Raw Materials and Lack of Awareness among Consumers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plant Milk Study Sheds Light on
The Plant Milk Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Plant Milk industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Plant Milk industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.