{"id":114243,"date":"2021-05-18T15:00:00","date_gmt":"2021-05-18T15:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2871957"},"modified":"2021-05-18T15:00:00","modified_gmt":"2021-05-18T15:00:00","slug":"plant-milk-market-is-expected-to-grow-at-a-cagr-of-14-5-from-2020-to-2028-growing-number-of-vegan-food-consumers-is-expected-to-drive-the-plant-milk-market","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/05\/18\/plant-milk-market-is-expected-to-grow-at-a-cagr-of-14-5-from-2020-to-2028-growing-number-of-vegan-food-consumers-is-expected-to-drive-the-plant-milk-market\/","title":{"rendered":"Plant Milk Market is expected to grow at a CAGR of 14.5% from 2020 to 2028 | Growing number of vegan food consumers is expected to drive the plant milk market"},"content":{"rendered":"

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Research report published by Proficient Market Research “Global Plant Milk Market<\/strong><\/a> – By Formulation: (Sweetened and Unsweetened.), By Source (Soy, Almond, Rice, Others) Market – Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028”, states that the global plant milk market is expected to grow at a CAGR of 14.5% during the forecast period from 2021 to 2028<\/strong>.<\/p>\n

The global plant milk market is projected to grow with healthy rate over the forecast period. Major factors or trends that are expected to contribute in the growth of the market comprise increasing vegan food culture in developed as well as developing regions, rising awareness among the customers about health benefits of plant-based food, specified nutrition values, and easy availability of plant food products at global level. All these factors about plant-based foods have grabbed more attention towards plant milk in food & beverage industry.<\/p>\n

Browse the full report: https:\/\/proficientmarket.com\/report\/1474\/global-plant-milk-market<\/a><\/strong><\/p>\n

Download Full Summary @ https:\/\/proficientmarket.com\/sample\/1474<\/a><\/strong><\/p>\n

COVID 19 pandemic situations have adversely affected the growth of plant-based milk market. Strict lockdowns imposed by several governments to control the spread of infection stopped all the manufacturing process that directly impacted the production of plant-based milk and related products. Moreover, restrictions on personnel movements also hampered the production of plant-based milk.<\/p>\n

Furthermore, plant-based milk is also used to enhance flavor and aroma in many other food products. However, less awareness about plant milk in low and middle-income countries may hamper further growth of the market in forecast period.<\/p>\n

Browse in-depth TOC on “Plant Milk Market” @ https:\/\/proficientmarket.com\/report\/1474\/global-plant-milk-market#toc<\/a><\/strong><\/p>\n

Market Players<\/strong><\/p>\n

Key players in the market include Danone S.A., Earth’s Own Food Company, Califia Farms, LLC, Oatly AB, Campbell Soup Company, Blue Diamond Growers, Elmhurst Milked Direct LLC, Organic Valley, Ripple Foods PBC., and Hain Celestial Group Inc. among others.<\/p>\n

Trends and Future Outlook:<\/strong><\/p>\n

Growing vegan food culture
Large investments by key players in novel bases
Rise in lactose intolerance people to drive the demand for plant based milk<\/p>\n

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Based on the formulation, the global plant milk market is bifurcated into the following<\/strong><\/p>\n

        Sweetened
        Unsweetened.<\/p>\n

Unsweetened segment held the largest share by formulation<\/strong><\/p>\n

In 2020, Unsweetened segment held the largest share by formulation. The segment held around 68% of the total revenue share in the global market in 2020. High demand for basic form of plant milk is driving the growth of unsweetened segment.<\/p>\n

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Based on the sources, the global plant milk market is bifurcated into the following<\/strong><\/p>\n

        Soy
        Almond
        Rice
        Others<\/p>\n

Soy segment held the largest share of the market<\/strong><\/p>\n

In 2020, Soy segment held the largest share of the market, due to its high nutritional content, low price, and easy availability. Also almond segment is expected to register rapid growth during the forecast period, owing to its growing popularity among health conscious people.<\/p>\n

Request For Full Segment Analysis @ https:\/\/proficientmarket.com\/sample\/1474<\/a><\/strong><\/p>\n

Asia Pacific dominated the overall plant milk market<\/strong><\/p>\n

In 2020, Asia Pacific dominated the overall plant milk market. Changing food habitats, growing demand of plant-based food products, growing disposable income, and increasing vegan culture is contributing towards the growth of market in the region.<\/p>\n

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Related Reports:<\/strong>
https:\/\/proficientmarket.com\/report\/1472\/global-immune-health-supplements-market<\/a>
https:\/\/proficientmarket.com\/report\/1411\/global-citrus-extract-market<\/a><\/p>\n

About Us:<\/strong><\/p>\n

Proficient Market is the leading research company offering both tactical and strategic support to all our customers. Customer satisfaction is our goal and that is why, we have a team of skilled and experienced specialist with the ability to do data mining, information management, and revenue enhancement solutions to ensure that our clients make informed decisions when coming to investing in the market. Our happiness is when we help our clients grow their business, strengthen the brands and educate their members or consumers through the ever new fun research methods developed by our team.<\/p>\n

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Tel: +91-8149441100 (GMT Office Hours)
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The post Plant Milk Market is expected to grow at a CAGR of 14.5% from 2020 to 2028 | Growing number of vegan food consumers is expected to drive the plant milk market<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Research report published by Proficient Market Research “Global Plant Milk Market – By Formulation: (Sweetened and Unsweetened.), By Source (Soy, Almond, Rice, Others) Market – Growth, Future Prospects, Post COVID-19 Scenario 2021 – 2028”, states that the global plant milk market is expected to grow at a CAGR of 14.5% during the forecast period from […]<\/p>\n

The post Plant Milk Market is expected to grow at a CAGR of 14.5% from 2020 to 2028 | Growing number of vegan food consumers is expected to drive the plant milk market<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

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