Cibi e Bevande
Plant-based Milk Market is set to witness growth at a volume CAGR of 9.1% over the forecast period of 2021 to 2022
Consumers are increasingly using plant-based milk as a dairy-free alternative. Substantial rise in awareness regarding the environmental and health benefits of plant-based products has also increased demand for various diary-free products such as plant-based milk. Manufacturers are also focusing on the launch of numerous plant-based milk flavors to meet rising consumer demand.
Consumption of plant-based milk is witnessing high growth as consumers are shifting toward healthy and adulterated-free beverage items. The consumption pattern of consumers is shaping toward the healthy and nutritious food products, which is subsequently impacting every food & beverage category, and also driving plant-based milk demand.
Companies are offering a variety of plant-based milk products with various flavors and variations. They are also developing pioneering solutions in the field of plant-based milk by utilizing cutting-edge manufacturing techniques and innovative ingredients.
Leading manufacturers are pursuing growth and acquisition strategies with the goal of boosting production capacity. In order to gain a competitive advantage, manufacturers are also attempting to appeal to the growing number of health-conscious consumers.
Persistence Market Research, in its new report, offers an impartial analysis of the global plant-based milk market, presenting historical data (2016-2020) and estimation statistics for the forecast period of 2021-2031.
The study offers compelling insights based on type (soy, almond, coconut, rice, oat, and others), end use (retail/household, food & beverage industry, and foodservice industry), and distribution channel (business to business and business to consumer), across seven major regions of the world.
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