Cibi e Bevande
Plant Based Milk Market is estimated to rise at a steady CAGR of 4.5% during by 2030-end
The Global Plant-Based Milk Market Has Witnessed Substantial Growth Over The Past Few Years, And Is Estimated To Rise At A Steady CAGR Of 4.5% During The Forecast Period.
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"Manufactures in the plant-based milk market could gain extensive profits by offering their products to foodservice providers along with household/retail, due to the expected increase in the use of plant-based milk in the HoReCa sector and institutional catering. Moreover, increasing retail sales of plant-based milk is another growth factor aiding market growth. However, the growing impact of COVID-19 on various industries is expected to have a moderate impact on the plant-based milk market in the short term," says a PMR analyst.
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The plant-based milk market is fragmented in nature. Companies are offering plant-based milk products with diverse flavors and varieties to customers. With the utilization of advanced ingredients and state-of-the-art manufacturing techniques, companies are providing pioneering solutions in regards with plant-based milk.
Persistence Market Research, in its new report, offers an impartial analysis of the global plant-based milk market, presenting historical data (2015-2019) and estimation statistics for the forecast period of 2020-2030. The study offers compelling insights on the plant-based milk market based type (soy, almond, coconut, rice, oat, and others), end use (food & beverage industry, retail/household, and foodservice industry), flavor (original/unflavored and flavored), and distribution channel (business to business and business to consumer), across five regions.
The Food and Beverages team at Persistence Market Research provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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