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Plant Milk Market Share

  • Report ID: GMI2250
  • Published Date: Jun 2024
  • Report Format: PDF

Plant Milk Market Share

Prominent players such as Califia Farms, Nestle, and Plenish play integral role in driving growth and innovation within the plant milk market. Their key growth strategies include extensive R&D to renew and diversify product portfolios with a focus on improving taste, nutritional value, and sustainability. They are also expanding their distribution channels by partnering with brick-and-mortar retailers and improving their online presence to reach a wider consumer base.
 

Some companies invest in marketing campaigns to raise awareness of the health and environmental benefits of plant-based milk. In addition, they are exploring mergers and acquisitions to strengthen their market position, enter new geographies, and exploit synergies. Collaborating with other food and beverage brands to create co-branded products and undertaking sustainability initiatives to attract environmentally conscious consumers are also key strategies that will drive the growth of the plant-based milk market.
 

Plant Milk Market Companies

Major players operating in the plant milk industry include:

  • Blue Diamond Growers
  • Califia Farms
  • Danone
  • Elmhurst 1925
  • Mooala
  • Nestlé
  • Oatly AB
  • Pacific Foods
  • Plenish
  • Ripple Foods
  • SunOpta Inc.
  • The Hain Celestial Group
  • WhiteWave Foods
Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant milk reached USD 15.9 billion in 2023 and will witness 11.6% CAGR between 2024 and 2032, owing to the increasing consumer demand for plant-based diets.

The soy segment in the plant milk industry was valued at USD 7.3 billion in 2023 and will grow at 11.7% CAGR during 2024-2032 due to its high protein content and nutritional value.

North America market generated a revenue of USD 4.1 billion in 2023 and will expand at 11.3% CAGR between 2024-2032, driven by high consumer awareness and the strong preference for plant-based diets.

Blue Diamond Growers, Califia Farms, Danone, Elmhurst 1925, Mooala, Nestlé, Oatly AB, Pacific Foods, Plenish, Ripple Foods, SunOpta Inc., The Hain Celestial Group, and WhiteWave Foods among others.

Plant Milk Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 245
  • Countries covered: 22
  • Pages: 180
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