Plant Based Milk Market
PUBLISHED: 2020 ID: SMRC19272
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Plant Based Milk Market

Plant-based Milk - Global Market Outlook (2019-2027)

4.5 (80 reviews)
4.5 (80 reviews)
Published: 2020 ID: SMRC19272

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Plant Based Milk Market is accounted for $14.00 billion in 2019 and is expected to reach $30.01 billion by 2027 growing at a CAGR of 10.0% during the forecast period. Growing concern regarding health and wellness and rise in diabetes, obesity, and other cardiovascular diseases are the major factors driving the market growth. However, tedious process of legal inspection is restraining the market growth.

Plant-based milk products can give extra nutritional content with a similar taste and flavor for the traditional consumers who are looking for the real taste of dairy in the plant-based milk which attracting them towards the utilization of plant-based milk rather than dairy milk. 

Based on source, the oat milk segment is likely to have a huge demand as it is an environment & consumer-friendly product, having a lesser carbon footprint in contrast with dairy milk. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to increase in manufacturing and utilization of milk alternatives and rise in health-conscious consumers who are looking for healthy alternatives in the food and beverage products.

Some of the key players profiled in the Plant Based Milk Market include Alpina Foods, Blue Diamond Growers, Chef’s Choice Food Manufacturer Company Limited, Earth’s Own Food Company Inc, Edward & Sons, Freedom Foods Group Ltd, Groupe Danone, Hain Celestial Group, Keurig Dr. Pepper, Liwayway Holdings Company Limited, Mc Cormick & Co Goya Foods, Natura Foods Sunopta Inc, Pacific Foods of Oregon Inc, PepsiCo, SunOpta, The Bridge s.r.l. Kaslink Foods Oy Ltd, The Coca-Cola Company, The Hain Celestial Group Inc, The Hershey Company, Turtle Mountain LLC and Vitasoy International Holdings Limited.

Natures Covered:
• Conventional
• Organic

Formulations Covered:
• Regular
• Flavoured   

Sources Covered:
• Almond Milk
• Coconut Milk
• Hemp Milk
• Oat Milk
• Rice Milk
• Soy Milk

Types Covered:
• Cereals
• Legumes
• Nuts
• Seeds

Distribution Channels Covered:
• Business to Business
• Business to Consumer   

Applications Covered:
• Household/Retail
• Food and Beverage Industry

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface    
  
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Application Analysis   
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry     
       
5 Global Plant Based Milk Market, By Nature  
 5.1 Introduction    
 5.2 Conventional    
 5.3 Organic     
       
6 Global Plant Based Milk Market, By Formulation  
 6.1 Introduction    
 6.2 Regular     
 6.3 Flavoured    
  6.3.1 Sweetened    
  6.3.2 Unsweetened   
       
7 Global Plant Based Milk Market, By Source  
 7.1 Introduction    
 7.2 Almond Milk    
 7.3 Coconut Milk    
 7.4 Hemp Milk    
 7.5 Oat Milk     
 7.6 Rice Milk     
 7.7 Soy Milk     
       
8 Global Plant Based Milk Market, By Type   
 8.1 Introduction    
 8.2 Cereals     
 8.3 Legumes     
 8.4 Nuts     
 8.5 Seeds     
       
9 Global Plant Based Milk Market, By Distribution Channel 
 9.1 Introduction    
 9.2 Business to Business    
 9.3 Business to Consumer   
  9.3.1 Conventional Stores  
  9.3.2 Hypermarkets/Supermarkets  
  9.3.3 Online Retail   
  9.3.4 Pharmacies   
  9.3.5 Retail Stores   
  9.3.6 Specialty Stores   
       
10 Global Plant Based Milk Market, By Application  
 10.1 Introduction    
 10.2 Household/Retail    
 10.3 Food and Beverage Industry   
  10.3.1 Café    
  10.3.2 Hotel    
  10.3.3 Restaurant   
       
11 Global Plant Based Milk Market, By Geography  

 11.1 Introduction    
 11.2 North America    
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia   
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa  
       
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions    
 12.5 Other Key Strategies   
       
13 Company Profiling     

 13.1 Alpina Foods    
 13.2 Blue Diamond Growers  
 13.3 Chef’s Choice Food Manufacturer Company Limited
 13.4 Earth’s Own Food Company Inc  
 13.5 Edward & Sons    
 13.6 Freedom Foods Group Ltd   
 13.7 Groupe Danone    
 13.8 Hain Celestial Group   
 13.9 Keurig Dr. Pepper    
 13.10 Liwayway Holdings Company Limited  
 13.11 Mc Cormick & Co Goya Foods   
 13.12 Natura Foods Sunopta Inc   
 13.13 Pacific Foods of Oregon Inc   
 13.14 PepsiCo     
 13.15 SunOpta     
 13.17 The Bridge s.r.l. Kaslink Foods Oy Ltd  
 13.16 The Coca-Cola Company   
 13.17 The Hain Celestial Group Inc   
 13.18 The Hershey Company   
 13.19 Turtle Mountain LLC    
 13.20 Vitasoy International Holdings Limited 


List of Tables      
1 Global Plant Based Milk Market Outlook, By Region (2018-2027) ($MN)
2 Global Plant Based Milk Market Outlook, By Nature (2018-2027) ($MN)
3 Global Plant Based Milk Market Outlook, By Conventional (2018-2027) ($MN)
4 Global Plant Based Milk Market Outlook, By Organic (2018-2027) ($MN)
5 Global Plant Based Milk Market Outlook, By Formulation (2018-2027) ($MN)
6 Global Plant Based Milk Market Outlook, By Regular (2018-2027) ($MN)
7 Global Plant Based Milk Market Outlook, By Flavoured (2018-2027) ($MN)
8 Global Plant Based Milk Market Outlook, By Sweetened (2018-2027) ($MN)
9 Global Plant Based Milk Market Outlook, By Unsweetened (2018-2027) ($MN)
10 Global Plant Based Milk Market Outlook, By Source (2018-2027) ($MN)
11 Global Plant Based Milk Market Outlook, By Almond Milk (2018-2027) ($MN)
12 Global Plant Based Milk Market Outlook, By Coconut Milk (2018-2027) ($MN)
13 Global Plant Based Milk Market Outlook, By Hemp Milk (2018-2027) ($MN)
14 Global Plant Based Milk Market Outlook, By Oat Milk (2018-2027) ($MN)
15 Global Plant Based Milk Market Outlook, By Rice Milk (2018-2027) ($MN)
16 Global Plant Based Milk Market Outlook, By Soy Milk (2018-2027) ($MN)
17 Global Plant Based Milk Market Outlook, By Type (2018-2027) ($MN)
18 Global Plant Based Milk Market Outlook, By Cereals (2018-2027) ($MN)
19 Global Plant Based Milk Market Outlook, By Legumes (2018-2027) ($MN)
20 Global Plant Based Milk Market Outlook, By Nuts (2018-2027) ($MN)
21 Global Plant Based Milk Market Outlook, By Seeds (2018-2027) ($MN)
22 Global Plant Based Milk Market Outlook, By Distribution Channel (2018-2027) ($MN)
23 Global Plant Based Milk Market Outlook, By Business to Business (2018-2027) ($MN)
24 Global Plant Based Milk Market Outlook, By Business to Consumer (2018-2027) ($MN)
25 Global Plant Based Milk Market Outlook, By Conventional Stores (2018-2027) ($MN)
26 Global Plant Based Milk Market Outlook, By Hypermarkets/Supermarkets (2018-2027) ($MN)
27 Global Plant Based Milk Market Outlook, By Online Retail (2018-2027) ($MN)
28 Global Plant Based Milk Market Outlook, By Pharmacies (2018-2027) ($MN)
29 Global Plant Based Milk Market Outlook, By Retail Stores (2018-2027) ($MN)
30 Global Plant Based Milk Market Outlook, By Specialty Stores (2018-2027) ($MN)
31 Global Plant Based Milk Market Outlook, By Application (2018-2027) ($MN)
32 Global Plant Based Milk Market Outlook, By Household/Retail (2018-2027) ($MN)
33 Global Plant Based Milk Market Outlook, By Food and Beverage Industry (2018-2027) ($MN)
34 Global Plant Based Milk Market Outlook, By Café (2018-2027) ($MN)
35 Global Plant Based Milk Market Outlook, By Hotel (2018-2027) ($MN)
36 Global Plant Based Milk Market Outlook, By Restaurant (2018-2027) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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