Global Non-dairy Milk Market Growth 2024-2030

Global Non-dairy Milk Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Non-dairy Milk market size was valued at US$ 14780 million in 2023. With growing demand in downstream market, the Non-dairy Milk is forecast to a readjusted size of US$ 48400 million by 2030 with a CAGR of 18.5% during review period.

The research report highlights the growth potential of the global Non-dairy Milk market. Non-dairy Milk are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Non-dairy Milk. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Non-dairy Milk market.

Non-dairy milk or plant milk is a manufactured, non-dairy beverage made from a plant extract for flavoring and aroma.

A growing number of the population is turning vegan and the 2020 statistics shows there are 5% vegans, 20% flexitarian and 11% vegetarians around the globe. People in western countries are more inclined towards non-dairy milk than the developing countries. Widespread awareness of consuming plant based foods and its positive impacts on health are a major driver for this market. Obesity is on the rise, globally irrespective of varied food cultures in different regions of the world. Non-dairy milk provides more energy, improves health, balances body weight and adds flavour to milk.

Key Features:

The report on Non-dairy Milk market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Non-dairy Milk market. It may include historical data, market segmentation by Type (e.g., Soy, Almond), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Non-dairy Milk market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Non-dairy Milk market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Non-dairy Milk industry. This include advancements in Non-dairy Milk technology, Non-dairy Milk new entrants, Non-dairy Milk new investment, and other innovations that are shaping the future of Non-dairy Milk.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Non-dairy Milk market. It includes factors influencing customer ' purchasing decisions, preferences for Non-dairy Milk product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Non-dairy Milk market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Non-dairy Milk market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Non-dairy Milk market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Non-dairy Milk industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Non-dairy Milk market.

Market Segmentation:

Non-dairy Milk market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Soy
Almond
Rice
Coconut

Segmentation by application
Snacks
Bakery & Confectionery
Beverages and 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.
Ripple Foods
Danone
WhiteWave Foods
Archer-Daniels-Midland
Hain Celestial Group
Califia Farms
Daiya Foods
Freedom Foods

Key Questions Addressed in this Report

What is the 10-year outlook for the global Non-dairy Milk market?

What factors are driving Non-dairy Milk market growth, globally and by region?

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

How do Non-dairy Milk market opportunities vary by end market size?

How does Non-dairy Milk break out type, application?

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