The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Plant Milk Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Plant Milk Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner.

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Crossing the $15 billion mark in 2022, the global plant milk market is expected to reach $30 billion by 2030, expanding at
a compound annual growth rate (CAGR) of 11.0 percent between 2022 and 2030. Market growth is being spurred by
rising consumer understanding of the health benefits of vegan diets. The best substitute for cow's milk and other animal
milks is plant milk, which includes soy, almond, coconut, oat, and rice milks. Plant milk is popular among consumers
because of its many health benefits, including its high vitamin, mineral, carbohydrate, and protein content. It finds use in
the food and drink, dairy, and cosmetics sectors. Thus, it is expected that rising knowledge of plant milk and its nutritious
potential will increase demand for plant milk during the projection period.Plant milks can be used for a wide variety of
dishes and drinks. Many different items rely on it to enhance their flavor and scent. Vitamins A, D, and B12 are present,
as well as calcium, vital minerals, omega-3 fatty acids, and other nutrients. Consumers expect the market to expand
because of the high demand. Infant lactose intolerance is also contributing to the growth of the plant milk industry.
Symptoms including bloating, diarrhea, and abdominal cramps are caused by lactose, which is found in higher
concentrations in milk than in plant milk.
Market Overview

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By Region:
North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India are just few of the
geographical segments that make up the worldwide Plant Milk market. The worldwide Plant Milk region is
poised to become the dominant player in the global Plant Milk market in the near future. North America is
projected to have the greatest revenue share in the worldwide plant-based market as a result of the
region's rapidly expanding vegan population. The rapidly growing demand for dairy substitutes in North
America is expected to play a major role in the region's economic development in the next years. There
has been a significant movement in consumer preferences and the adoption of a healthy diet in the
United States, all of which are expected to contribute to the expansion of the plant-based milk market in
North America.The health benefits of plant-based milk are driving increased consumption in Asia, which is
expected to fuel the region's rapid expansion during the projection period. Asian countries like China,
India, and South Korea, among others, have an abundance of the raw materials needed to produce plant-
based milk, such as soy and rice, which will continue to fuel the rise of the plant-based milk market

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The Global Plant Milk Market has been segmented into:
By Type:
• Soy
• Almond
• Rice
• Coconut
• Others
By Product
• Plain
• Flavoured
By Sales Channel
• Supermarkets
• Speciality stores
• Pharmacies
• Online Stores
By Formulation
• Unsweetened
• Sweetened
By Packaging
• Cartoons
• Bottles
• Pouches
By Category
• Organic
• Conventional
By End-User
• Infant Formula
• Dairy Products
• Bakery and Confectionery

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The Global Plant Milk Market has been segmented into:
By Region
North America
• US
• Canada
• Mexico
• Rest of North America
The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
•Latin America
• Brazil
• Argentina
• Rest of Latin America
By Region
Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
By Region
Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe

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In January 2023 - Reitan, a significant retailer in the Nordic and Baltic regions,
and Oatly Inc. just announced an expansion of their relationship. In Sweden,
Reitan owns and operates approximately 300 Pressbyrn and 90 7-Eleven
convenience stores. This partnership will assist the company in expanding its
business and attracting new customers.
In 2021 - Silk announced the introduction of its new product, Silk Oat. This
launch has expanded the company's product line, thereby luring a larger
customer base.
In January 2019 - Almond milk was added to Costa Coffee's menu to satisfy
the growing demand for vegan options.
In February 2019 - Califia Farms released Übermilk, a line of protein- and
nutrient-rich oat milk beverages.
Strategic Development:

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• Ripple Foods
• Danone
• WhiteWave Foods
• Archer-Daniels-Midland
• Hain Celestial Group
• Daiya Foods
• Califia Farms
• Freedom Foods
MARKET PLAYERS

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