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Plant-Based Milk Market


Plant-Based Milk Market By Formulation (Flavoured Formulation, Plain Formulation), By Type (Soy Milk, Almond Milk, Coconut Milk, Rice Milk, Oat Milk, Hemp Milk), By Distribution Channel (Super Markets, Health Food Stores, Pharmacies, Convenience Stores, Online Stores), By Application (Food, Beverages), Others), Regional Outlook, Competitive Landscape, Market Share Analysis and Forecast, 2018-2024

Report code: SDMRFO719243 | Industry: Food | Published On: 11/5/2019


Industry Insights
The Plant-Based milk market is expected to record a revenue of US$ 14 Bn 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


toc

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
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