Plant milk, also known as non-dairy milk, has been consumed for centuries in various cultures, both as a regular drink and as a substitute for dairy milk.
This report contains market size and forecasts of Milk Substitute Plant Milk in global, including the following market information:
Global Milk Substitute Plant Milk Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Milk Substitute Plant Milk Market Sales, 2017-2022, 2023-2028, (K Ton)
Global top five Milk Substitute Plant Milk companies in 2021 (%)
The global Milk Substitute Plant Milk market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Soy Milk Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Milk Substitute Plant Milk include Ripple Foods, Danone, Blue Diamond Growers, Oatly, SunOpta, Califia Farms, VV Group, Dali Group and Noumi, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Milk Substitute Plant Milk manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Milk Substitute Plant Milk Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Ton)
Global Milk Substitute Plant Milk Market Segment Percentages, by Type, 2021 (%)
Soy Milk
Almond Milk
Rice Milk
Coconut Milk
Oats Milk
Others
Global Milk Substitute Plant Milk Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Ton)
Global Milk Substitute Plant Milk Market Segment Percentages, by Application, 2021 (%)
Desserts
Bakery
Confectionery
Beverages
Others
Global Milk Substitute Plant Milk Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Ton)
Global Milk Substitute Plant Milk Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Milk Substitute Plant Milk revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Milk Substitute Plant Milk revenues share in global market, 2021 (%)
Key companies Milk Substitute Plant Milk sales in global market, 2017-2022 (Estimated), (K Ton)
Key companies Milk Substitute Plant Milk sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Ripple Foods
Danone
Blue Diamond Growers
Oatly
SunOpta
Califia Farms
VV Group
Dali Group
Noumi
Kikkoman Corporation
Earth’s Own
Coconut Palm Group
Nanguo
Yinlu
Vitasoy
Yili
Mengniu
Ezaki Glico
Marusan-Ai
Campbell Soup Company
Nutrisoya Foods
Wangwang
Nongfu Spring