Global Plant Based Milk Market (Soy Milk, Almond Milk and Rice Milk): Trend and Forecast (2020-2024)
The plant based milk market is highly concentrated with soy and almond milk. Both the plant based milk are preferably used by a lot of customers, who face problems regarding lactose intolerance.
By: Koncept Analytics
The plant based milk market is highly concentrated with soy and almond milk. Both the plant based milk are preferably used by a lot of customers, who face problems regarding lactose intolerance. In addition, almond milk and soy milk exhibit amazing health benefits, which is why they are becoming popular among people, particular fitness enthusiast. The increasing popularity and admiration are raising the market demand for plant based milk on a global scale.
The fastest growing regional market is Asia Pacific, due to the increased production as well as consumption of milk alternatives. China, being the largest sub regional market in Asia Pacific, accounted for the increased consumption of a wide variants of plant based milk. Availability of a range of flavors is also helping Asia Pacific market to increase its market volume at significant rates over the years. Further, North America has also accounted for a considerable share in the global plant based milk market, owing to the increased prevalence of lactose intolerance and vegan population.
Scope of the report:
The report provides a comprehensive analysis of the global plant based milk market.
The major regional markets (Asia Pacific, North America and Europe), further segmented into China, the U.S., and Canada have also been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The competitive landscape of the market, along with the company profiles of leading players (the Coca-Cola Company, PepsiCo. Keurig Dr. Pepper, Hain Celestial, SunOpta and Blue Diamond) are also presented in detail.
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