Vegan Milks are extracts from sources such as soy, almonds, coconuts, oats, rice is a best alternative for dairy milk and other animal milk present in the market. Due to its high nutritional values and rich in vitamins, minerals, carbohydrates and proteins plant milk is widely accepted among consumers. It has various applications in food and beverage, dairy industry.
Market Analysis and Insights: Global Vegan Milk Market
Due to the COVID-19 pandemic, the global Vegan Milk market size is estimated to be worth US$ 15110 million in 2022 and is forecast to a readjusted size of US$ 40320 million by 2028 with a CAGR of 17.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Almond accounting for % of the Vegan Milk global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Direct Drink segment is altered to an % CAGR throughout this forecast period.
China Vegan Milk market size is valued at US$ million in 2021, while the US and Europe Vegan Milk are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Vegan Milk landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
The global key manufacturers of Vegan Milk include Danone, Blue Diamond Growers, Oatly, Kikkoman Corporation, Califia Farms, Earth's Own Food Company, Ezaki Glico, Ripple Foods and Marusan-Ai Co. Ltd, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
Global Vegan Milk Scope and Segment
Vegan Milk market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Vegan Milk market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Almond
Soy
Coconut
Rice
Oats
Others
Segment by Application
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
By Company
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth's Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE