PUNE, India, March 6, 2023 (GLOBE NEWSWIRE) — The global the milk alternatives market size was $22.25 billion in 2021. The market is expected to keep growing $25.19 billion 2022 to $61.43 billion until 2029 at a CAGR of 13.58% in the period 2022-2029. Fortune Business Insights™ publishes this information in a report entitled “Milk alternatives Market, 2022-2029″. According to the report, the market is expected to grow during the projected period owing to the rise of veganism and increasing consumer inclination towards plant-based foods.
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List of key players profiled in the market by Milk alternatives:
- Danone SA (France)
- Archer-Daniels-Midland Company (USA)
- Blue Diamond Breeder (USA)
- SunOpta, Inc. (Canada)
- Vitasoy International Holdings Ltd (Hong Kong)
- Daiya Food, Inc. (Canada)
- Goya Foods, Inc. (US)
- Living Harvest Foods, Inc. (India)
- Organic Valley (US)
- Eden Foods, Inc. (USA)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 13.58% |
| Value prognosis 2029 | $61.43 billion |
| base year | 2021 |
| Market size of milk alternatives in 2021 | $22.25 billion |
| Historical data | 2018-2020 |
| number of pages | 185 |
| Covered Segments | By source, by product type, by distribution channel, by region |
| Growth drivers of the milk alternatives market | Increasing veganism to bolster market growth |
Segments:
By source
- soy
- almond
- coconut
- rice
- Oats
- Other
From Product Type
- non-dairy
- butter
- Cheese
- yogurts
- ice cream
- Other
From distribution channel
- Supermarkets/Hypermarkets
- convenience stores
- Online retail
- Other
By region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa.
Browse the in-depth abstract of this research insight:
https://www.fortunebusinessinsights.com/industry-reports/dairy-alternatives-market-100221
Report Coverage:
The report highlights the qualitative and quantitative analysis of recent trends and current…
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