Global Milk Substitute Materials Market Growth 2023-2029

Global Milk Substitute Materials Market Growth 2023-2029

Milk Substitute Materials are extracts from sources such as soy, almonds, coconuts, oats, rice is a best alternative for dairy milk and other animal milk present in the market. Due to its high nutritional values and rich in vitamins, minerals, carbohydrates and proteins plant milk is widely accepted among consumers. It has various applications in food and beverage, dairy industry.

LPI (LP Information)' newest research report, the “Milk Substitute Materials Industry Forecast” looks at past sales and reviews total world Milk Substitute Materials sales in 2022, providing a comprehensive analysis by region and market sector of projected Milk Substitute Materials sales for 2023 through 2029. With Milk Substitute Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Milk Substitute Materials industry.

This Insight Report provides a comprehensive analysis of the global Milk Substitute Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Milk Substitute Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Milk Substitute Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Milk Substitute Materials and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Milk Substitute Materials.

The global Milk Substitute Materials market size is projected to grow from US$ 12300 million in 2022 to US$ 40210 million in 2029; it is expected to grow at a CAGR of 40210 from 2023 to 2029.

Danone and Blue Diamond Growers are the top 2 manufacturers of milk substitute materials globally and account for over 20% of global market share in total. Geographically speaking, Asia-Pacific holds over 40% of global market share. In terms of raw material, soy and almond hold over half of total market share. In terms of end use, direct drink segment accounts for over 60% of total market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Milk Substitute Materials market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Almond
Soy
Coconut
Rice
Oats
Others

Segmentation by application
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth’s Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Milk Substitute Materials market?

What factors are driving Milk Substitute Materials market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Milk Substitute Materials market opportunities vary by end market size?

How does Milk Substitute Materials break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.