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.
Due to the COVID-19 pandemic, the global Vegan Milk market size is estimated to be worth US$ 12580 million in 2021 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, the Europe Vegan Milk market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Vegan Milk landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
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 and will hold a share about % in 2028.
The global major 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 terms of revenue, the global 3 largest players have a % market share of Vegan Milk in 2021.
This report focuses on Vegan Milk volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Vegan Milk market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Vegan Milk Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Almond
Soy
Coconut
Rice
Oats
Others
Segment by Application
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
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
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)