Industry Insights
The Plant-Based milk market is expected to record a revenue of US$ 14 Billion in 2019. A plant-based milk, is used as the main substitute of milk. It is obtained from cereals (oats, wheat, rice, and barley among others), nuts, and seeds. Dairy alternatives have low fat and low cholesterol content than milk products and does not contain lactose that has medical benefits especially for the lactose intolerant people. Increasing incidences of lactose intolerance among individuals across the globe, the rising number milk allergies, innovative product launches and smart marketing and sales promotional strategies followed by the market players are the some of the main factors driving market demand for dairy alternatives. Tedious process of legal, regulatory inspection and the relatively lower level of protein present in these dairy alternatives is likely restrain market growth.
The global Plant-Based Milk market is segmented on the basis of Formulation, Type, Distribution Channel, and Application. The global Plant-Based Milk market is segmented based on Formulation as Flavoured Formulation and Plain Formulation. Based on Type the global Plant-Based Milk market is segregated as Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, Hemp Milk, and Others. Based on Distribution Channel the global Plant-Based Milk market is segmented as Super Markets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores, and Others.
Based on Application, the global Plant-Based Milk market is segmented in Food, Beverages, and Others.
The regional outlook on the global Plant-Based Milk market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Plant-Based Milk market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
The WhiteWave Food Company under brand name Danone has a bank of about 4,000 different kinds of bacteria that it can apply to plant proteins, plans to triple sales of its plant-based products to €5 billion by 2025. The global Plant-Based Milk market is highly competitive in nature with major players including The WhiteWave Food Company, Blue Diamond Growers, Archer Daniels Midland Company, The Hain Celestial Group Inc., Eden Foods Inc., Panos Brands LLC, Earth’s Own Food Company, Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd, CP Kelco , and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the Plant-Based Milk market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The Plant-Based Milk market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
Plant-Based Milk Market, By Formulation
• Flavoured Formulation
• Plain Formulation
Plant-Based Milk Market, By Type
• Soy Milk
• Almond Milk
• Coconut Milk
• Rice Milk
• Oat Milk
• Hemp Milk
• Others
Plant-Based Milk Market, By Distribution Channel
• Super Markets
• Health Food Stores
• Pharmacies
• Convenience Stores
• Online Stores
• Others
Plant-Based Milk Market, By Application
• Food
• Beverages
• Others
Plant-Based Milk Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include The WhiteWave Food Company, Blue Diamond Growers, Archer Daniels Midland Company, The Hain Celestial Group Inc., Eden Foods Inc., Panos Brands LLC, Earth’s Own Food Company, Daiya Foods Inc., SunOpta Inc., Freedom Foods Group Ltd, CP Kelco , and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global Plant-Based Milk market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global Plant-Based Milk market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
Table of Contents
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. Plant-Based Milk Market, By Formulation
5.1 Introduction
5.2 Flavoured Formulation
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Plain Formulation
5.3.1 Market Overview
5.3.2 Market Size and Forecast
6. Plant-Based Milk Market, By Type
6.1 Introduction
6.2 Soy Milk
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Almond Milk
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Coconut Milk
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Rice Milk
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Oat Milk
6.6.1 Market Overview
6.6.2 Market Size and Forecast
6.7 Hemp Milk
6.7.1 Market Overview
6.7.2 Market Size and Forecast
6.8 Others
6.8.1 Market Overview
6.8.2 Market Size and Forecast
7. Plant-Based Milk Market, By Distribution Channel
7.1 Introduction
7.2 Super Markets
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Health Food Stores
7.3.1 Market Overview
7.3.2 Market Size and Forecast
7.4 Pharmacies
7.4.1 Market Overview
7.4.2 Market Size and Forecast
7.5 Convenience Stores
7.5.1 Market Overview
7.5.2 Market Size and Forecast
7.6 Online Stores
7.6.1 Market Overview
7.6.2 Market Size and Forecast
7.7 Others
7.7.1 Market Overview
7.7.2 Market Size and Forecast
8. Plant-Based Milk Market, By Application
8.1 Introduction
8.2 Food
8.2.1 Market Overview
8.2.2 Market Size and Forecast
8.3 Beverages
8.3.1 Market Overview
8.3.2 Market Size and Forecast
8.4 Others
8.4.1 Market Overview
8.4.2 Market Size and Forecast
9. Plant-Based Milk Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 North America Plant-Based Milk , By Formulation
9.2.2 North America Plant-Based Milk , By Type
9.2.3 North America Plant-Based Milk , By Distribution Channel
9.2.4 North America Plant-Based Milk , By Application
9.3 Europe
9.3.1 Europe Plant-Based Milk , By Formulation
9.3.2 Europe Plant-Based Milk , By Type
9.3.3 Europe Plant-Based Milk , By Distribution Channel
9.3.4 Europe Plant-Based Milk , By Application
9.4 Asia-Pacific
9.4.1 Asia-Pacific Plant-Based Milk , By Formulation
9.4.2 Asia-Pacific Plant-Based Milk , By Type
9.4.3 Asia-Pacific Plant-Based Milk , By Distribution Channel
9.4.4 Asia-Pacific Plant-Based Milk , By Application
9.5 Rest of the World
9.5.1 Rest of the World Plant-Based Milk , By Formulation
9.5.2 Rest of the World Plant-Based Milk , By Type
9.5.3 Rest of the World Plant-Based Milk , By Distribution Channel
9.5.4 Rest of the World Plant-Based Milk , By Application
10. Competitive Insights
10.1 Key Insights
10.2 Company Market Share Analysis
10.3 Strategic Outlook
10.3.1 Mergers & Acquisitions
10.3.2 New Product Development
10.3.3 Portfolio/Production Capacity Expansions
10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5 Others
11. Company Profiles
11.1 The WhiteWave Food Company,
11.1.1 Company Overview
11.1.2 Product/Service Landscape
11.1.3 Financial Overview
11.1.4 Recent Developments
11.2 Blue Diamond Growers
11.2.1 Company Overview
11.2.2 Product/Service Landscape
11.2.3 Financial Overview
11.2.4 Recent Developments
11.3 Archer Daniels Midland Company
11.3.1 Company Overview
11.3.2 Product/Service Landscape
11.3.3 Financial Overview
11.3.4 Recent Developments
11.4 The Hain Celestial Group Inc.
11.4.1 Company Overview
11.4.2 Product/Service Landscape
11.4.3 Financial Overview
11.4.4 Recent Developments
11.5 Eden Foods Inc.
11.5.1 Company Overview
11.5.2 Product/Service Landscape
11.5.3 Financial Overview
11.5.4 Recent Developments
11.6 Panos Brands LLC
11.6.1 Company Overview
11.6.2 Product/Service Landscape
11.6.3 Financial Overview
11.6.4 Recent Developments
11.7 Earth’s Own Food Company
11.7.1 Company Overview
11.7.2 Product/Service Landscape
11.7.3 Financial Overview
11.7.4 Recent Developments
11.8 Daiya Foods Inc.
11.8.1 Company Overview
11.8.2 Product/Service Landscape
11.8.3 Financial Overview
11.8.4 Recent Developments
11.9 SunOpta Inc.
11.9.1 Company Overview
11.9.2 Product/Service Landscape
11.9.3 Financial Overview
11.9.4 Recent Developments
11.10 Freedom Foods Group Ltd
11.10.1 Company Overview
11.10.2 Product/Service Landscape
11.10.3 Financial Overview
11.10.4 Recent Developments
11.11 CP Kelco
11.11.1 Company Overview
11.11.2 Product/Service Landscape
11.11.3 Financial Overview
11.11.4 Recent Developments
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
