Product ID: UCMIG30H2090
Report ID:
UCMIG30H2090 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Plant Milk Market, which surpassed a valuation of USD 12 billion in 2019, is projected to experience a robust Compound Annual Growth Rate (CAGR) of over 11% during the period from 2020 to 2026. This growth trajectory is predominantly driven by the increasing consumer consciousness surrounding vegan diets and the myriad health advantages attributed to plant-based milk alternatives. As individuals become more attuned to the environmental and ethical implications of their dietary choices, the demand for plant milk continues to surge. This trend is underpinned by the growing availability of diverse plant-based milk options, ranging from almond and soy to oat and coconut, catering to a wide range of tastes and preferences. With plant-based diets becoming a mainstream choice and the dairy industry facing scrutiny over its environmental impact, the Plant Milk Market is positioned to thrive as a key contributor to the evolving landscape of food consumption and sustainable nutrition.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Agricultural Products by segment aggregation, the contribution of the Agricultural Products in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30H2090