Plant Based Milk Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The market for plant-based milk is experiencing a notable expansion, driven by the rising demand for dairy alternatives. Consumers are increasingly adopting plant-based beverages as part of their daily diet due to heightened health consciousness and a growing trend towards non-dairy options. Plant-based milk has emerged as a key segment within the functional beverages category, offering a viable alternative to traditional dairy products.The plant-based milk market is set for substantial growth, with projections indicating a rise from $16.27 billion in 2024 to $31.77 billion by 2031, driven by a robust CAGR of 10.00%.

The global market for plant-based milk is witnessing substantial growth, influenced by factors such as calorie concerns, lactose intolerance, and the rising prevalence of hypercholesterolemia among consumers. As awareness about the benefits of plant-based diets grows, more individuals are choosing alternatives to cow's milk, further boosting the market. Food and beverage manufacturers are responding to this demand by developing innovative products made from plant-based ingredients, aiming to capture the attention of health-conscious consumers. The demand for plant-based milk is particularly strong in East Asia and Europe, regions with well-established production facilities and efficient logistics and supply chain systems.

Key Trends in the Plant-Based Milk Market

One of the significant trends driving the plant-based milk market is the growing demand for dairy alternatives. Consumers today are more concerned about reducing their consumption of animal-based foods for reasons related to sustainability, health, and ethics. This shift in consumer preferences has created a positive growth outlook for plant-based milk products. Modern consumers are increasingly aware of the benefits of plant-based alternatives and view them as safe and healthy options for both themselves and the environment.

Health consciousness is another critical factor propelling the demand for plant-based milk. With a rising inclination towards dairy alternatives and shifting dietary patterns, plant-based options have gained prominence in the food industry. Consumers are now exploring beyond traditional milk options, showing a growing interest in plant-based products across various categories.

For instance, Vitasoy International Holdings Limited introduced the Fresh Vitasoy Plant+ range, including oat milk and almond milk, to cater to the increasing demand for plant-based milk. Similarly, Arla Foods launched oat drinks under its new brand Jord, marking the company's entry into the plant-based sector and allowing it to diversify its product portfolio.

The increasing consumption of lactose-free milk is another trend supporting the growth of the plant-based milk market. With a rise in lactose intolerance and digestive disorders among the global population, consumers are seeking alternatives to dairy milk. Plant-based options such as oat milk, coconut milk, and almond milk are gaining popularity as they offer essential nutrients like vitamins, protein, and fiber. Producers are introducing a wide range of plant-based milk varieties, and the demand for lactose-free beverages is expected to drive market growth.

Sustainable Vegan Diets and Plant-Based Milk

Over the past decade, there has been a notable rise in veganism and a shift towards plant-based diets, driven by concerns about health, animal cruelty, and sustainability. This shift is influencing consumer purchasing behavior, leading to a preference for vegan products, particularly in developed countries. Consumers are gravitating towards plant-based dairy alternatives such as almond milk, oat milk, soy milk, and others, which are rich in essential nutrients.

Additionally, consumers are becoming more conscious of sustainability and ethical sourcing. The demand for plant-based milk is increasing as individuals focus on sustainable diets and prioritize products that align with their values. The growing need to embrace sustainability and animal welfare is driving the sales of plant-based milk.

For example, a study from the Federal Ministry of Food and Agriculture highlighted that a significant percentage of the German population is either vegetarian or actively reducing meat consumption. This trend underscores the growing inclination towards plant-based diets and the associated increase in demand for plant-based milk.

Challenges in the Plant-Based Milk Market

Despite the positive trends, the plant-based milk market faces several challenges that could hinder its growth. One of the primary obstacles is the dilemma surrounding the nutrient profile of plant-based milk. While modern consumers are seeking nutritious food products, there is a lack of understanding and awareness about the benefits of plant-based beverages. In certain regions, particularly in Asia, there is a negative perception of plant-based milk, as animal milk has traditionally been a staple in diets.

Furthermore, consumers may find it difficult to transition to plant-based milk due to concerns about flavor and other bottlenecks. The inactivation of inhibitors in plant-based milk when heated and the need for improved shelf-life are significant challenges for manufacturers. Addressing these challenges is crucial for broader acceptance of plant-based milk.

Another challenge is the perception that animal milk is more nutritious than plant-based alternatives. Many consumers rely on animal milk for essential nutrients, and the negative perception of plant-based milk could impact market growth. Overcoming this perception and educating consumers about the benefits of plant-based milk will be essential for the industry's continued expansion.

Regional Insights into the Plant-Based Milk Market

In the U.S., the plant-based milk market is witnessing significant growth, particularly in Germany within the European market. The demand for plant-based milk in Europe is increasing at a substantial rate, presenting favorable opportunities for manufacturers. The market in Germany is expanding due to the rising preference for plant-based diets and the growing availability of plant-based milk products.

In East Asia, China holds the largest share of the plant-based milk market. The country's market growth is driven by the increasing awareness of the health and nutritional benefits of plant-based milk among consumers. The demand for convenient foods and the presence of high-nutrition plant-based milk products in the food and beverage industry are contributing to market growth in China.

Category-wise Insights

Among the various types of plant-based milk, soy-based milk is the most demanded and consumed in the global market. The soy segment holds a significant value share, driven by its popularity among consumers and its convenience in the retail sector. Soy-based milk also offers numerous health benefits, further enhancing its appeal.

In terms of distribution channels, the business-to-business category is expected to offer new growth opportunities for the global plant-based milk market. The increasing availability of plant-based milk through various distribution channels is driving demand. The market value of plant-based milk in the business-to-business distribution channel is expected to grow, further boosting the market.

Competitive Analysis

The global plant-based milk market is highly competitive, with key players focusing on research and development, innovation, and product diversification. Manufacturers are investing heavily to enhance their operational capabilities and expand their product footprint globally. For instance, Alpro, a Danone-owned business, announced a significant investment in its UK factory to ramp up production capacity and enhance sustainability credentials. This investment includes a high-speed production facility and a state-of-the-art trigeneration unit and water treatment plant to reduce energy consumption.

Industry Segmentation

By Type:

Food & Beverage Industry
- Bakery & Confectionery
- Dairy & Desserts
- Infant Formula
Retail/Household
Foodservice Industry

By Distribution Channel:

Business to Business
Business to Consumer
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialty Stores
- Online Retail

By Product Type:

Soy
Almond
Coconut
Rice
Oat
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

1. Executive Summary

1.1. Global Plant Based Milk Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2019-2023

3.1. Global Coir Market Production Output, by Region, Value (US$ Bn) and Volume (Liters), 2019-2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2019-2023

4.1. Global Average Price Analysis, by Type, US$ Per Liters, 2019-2023
4.2. Prominent Factor Affecting Plant Based Milk Prices
4.3. Global Average Price Analysis, by Region, US$ Per Liters

5. Global Plant Based Milk Market Outlook, 2019-2031

5.1. Global Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Soy
  - 5.1.1.2. Almond
  - 5.1.1.3. Coconut
  - 5.1.1.4. Rice
  - 5.1.1.5. Oat
  - 5.1.1.6. Others
5.2. Global Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Food and Beverage
    - 5.2.1.1.1. Bakery & Confectionary
    - 5.2.1.1.2. Dairy & Desserts
    - 5.2.1.1.3. Infant Formula
  - 5.2.1.2. Retail/ Household
  - 5.2.1.3. Foodservice Industry
5.3. Global Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Business to Business
  - 5.3.1.2. Business to Consumer
    - 5.3.1.2.1. Hypermarkets/Supermarkets
    - 5.3.1.2.2. Specialty Stores
    - 5.3.1.2.3. Convenience Stores
    - 5.3.1.2.4. Online Retail
5.4. Global Plant Based Milk Market Outlook, by Region, Value (US$ Bn) and Volume (Liters), 2019-2031
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa

6. North America Plant Based Milk Market Outlook, 2019-2031

6.1. North America Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Soy
  - 6.1.1.2. Almond
  - 6.1.1.3. Coconut
  - 6.1.1.4. Rice
  - 6.1.1.5. Oat
  - 6.1.1.6. Others
6.2. North America Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Food and Beverage
    - 6.2.1.1.1. Bakery & Confectionary
    - 6.2.1.1.2. Dairy & Desserts
    - 6.2.1.1.3. Infant Formula
  - 6.2.1.2. Retail/ Household
  - 6.2.1.3. Foodservice Industry
6.3. North America Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 6.3.1. Key Highlights
  - 6.3.1.1. Business to Business
  - 6.3.1.2. Business to Consumer
    - 6.3.1.2.1. Hypermarkets/Supermarkets
    - 6.3.1.2.2. Specialty Stores
    - 6.3.1.2.3. Convenience Stores
    - 6.3.1.2.4. Online Retail
6.4. North America Plant Based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Liters), 2019-2031
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S. Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 6.4.1.2. U.S. Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 6.4.1.3. U.S. Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 6.4.1.4. Canada Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 6.4.1.5. Canada Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 6.4.1.6. Canada Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 6.4.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Plant Based Milk Market Outlook, 2019-2031

7.1. Europe Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Soy
  - 7.1.1.2. Almond
  - 7.1.1.3. Coconut
  - 7.1.1.4. Rice
  - 7.1.1.5. Oat
  - 7.1.1.6. Others
7.2. Europe Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Food and Beverage
    - 7.2.1.1.1. Bakery & Confectionary
    - 7.2.1.1.2. Dairy & Desserts
    - 7.2.1.1.3. Infant Formula
  - 7.2.1.2. Retail/ Household
  - 7.2.1.3. Foodservice Industry
7.3. Europe Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Business to Business
  - 7.3.1.2. Business to Consumer
    - 7.3.1.2.1. Hypermarkets/Supermarkets
    - 7.3.1.2.2. Specialty Stores
    - 7.3.1.2.3. Convenience Stores
    - 7.3.1.2.4. Online Retail
7.4. Europe Plant Based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Liters), 2019-2031
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.2. Germany Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.3. Germany Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.4. U.K. Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.5. U.K. Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.6. U.K. Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.7. France Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.8. France Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.9. France Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.10. Italy Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.11. Italy Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.12. Italy Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.13. Turkey Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.14. Turkey Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.15. Turkey Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.16. Russia Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.17. Russia Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.18. Russia Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.19. Rest of Europe Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.20. Rest of Europe Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 7.4.1.21. Rest of Europe Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 7.4.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Plant Based Milk Market Outlook, 2019-2031

8.1. Asia Pacific Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Soy
  - 8.1.1.2. Almond
  - 8.1.1.3. Coconut
  - 8.1.1.4. Rice
  - 8.1.1.5. Oat
  - 8.1.1.6. Others
8.2. Asia Pacific Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Food and Beverage
    - 8.2.1.1.1. Bakery & Confectionary
    - 8.2.1.1.2. Dairy & Desserts
    - 8.2.1.1.3. Infant Formula
  - 8.2.1.2. Retail/ Household
  - 8.2.1.3. Foodservice Industry
8.3. Asia Pacific Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 8.3.1. Key Highlights
  - 8.3.1.1. Business to Business
  - 8.3.1.2. Business to Consumer
    - 8.3.1.2.1. Hypermarkets/Supermarkets
    - 8.3.1.2.2. Specialty Stores
    - 8.3.1.2.3. Convenience Stores
    - 8.3.1.2.4. Online Retail
8.4. Asia Pacific Plant Based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Liters), 2019-2031
- 8.4.1. Key Highlights
  - 8.4.1.1. China Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.2. China Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.3. China Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.4. Japan Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.5. Japan Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.6. Japan Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.7. South Korea Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.8. South Korea Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.9. South Korea Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.10. India Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.11. India Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.12. India Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.13. Southeast Asia Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.14. Southeast Asia Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.15. Southeast Asia Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.16. Rest of Asia Pacific Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.17. Rest of Asia Pacific Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 8.4.1.18. Rest of Asia Pacific Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 8.4.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Plant Based Milk Market Outlook, 2019-2031

9.1. Latin America Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Soy
  - 9.1.1.2. Almond
  - 9.1.1.3. Coconut
  - 9.1.1.4. Rice
  - 9.1.1.5. Oat
  - 9.1.1.6. Others
9.2. Latin America Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Food and Beverage
    - 9.2.1.1.1. Bakery & Confectionary
    - 9.2.1.1.2. Dairy & Desserts
    - 9.2.1.1.3. Infant Formula
  - 9.2.1.2. Retail/ Household
  - 9.2.1.3. Foodservice Industry
9.3. Latin America Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Business to Business
  - 9.3.1.2. Business to Consumer
    - 9.3.1.2.1. Hypermarkets/Supermarkets
    - 9.3.1.2.2. Specialty Stores
    - 9.3.1.2.3. Convenience Stores
    - 9.3.1.2.4. Online Retail
9.4. Latin America Plant Based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Liters), 2019-2031
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.2. Brazil Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.3. Brazil Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.4. Mexico Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.5. Mexico Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.6. Mexico Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.7. Argentina Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.8. Argentina Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.9. Argentina Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.10. Rest of Latin America Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.11. Rest of Latin America Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 9.4.1.12. Rest of Latin America Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 9.4.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Plant Based Milk Market Outlook, 2019-2031

10.1. Middle East & Africa Plant Based Milk Market Outlook, by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Soy
  - 10.1.1.2. Almond
  - 10.1.1.3. Coconut
  - 10.1.1.4. Rice
  - 10.1.1.5. Oat
  - 10.1.1.6. Others
10.2. Middle East & Africa Plant Based Milk Market Outlook, by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Food and Beverage
    - 10.2.1.1.1. Bakery & Confectionary
    - 10.2.1.1.2. Dairy & Desserts
    - 10.2.1.1.3. Infant Formula
  - 10.2.1.2. Retail/ Household
  - 10.2.1.3. Foodservice Industry
10.3. Middle East & Africa Plant Based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 10.3.1. Key Highlights
  - 10.3.1.1. Business to Business
  - 10.3.1.2. Business to Consumer
    - 10.3.1.2.1. Hypermarkets/Supermarkets
    - 10.3.1.2.2. Specialty Stores
    - 10.3.1.2.3. Convenience Stores
    - 10.3.1.2.4. Online Retail
10.4. Middle East & Africa Plant Based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Liters), 2019-2031
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.2. GCC Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.3. GCC Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.4. South Africa Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.5. South Africa Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.6. South Africa Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.7. Egypt Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.8. Egypt Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.9. Egypt Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.10. Nigeria Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.11. Nigeria Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.12. Nigeria Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.13. Rest of Middle East & Africa Plant Based Milk Market by Type, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.14. Rest of Middle East & Africa Plant Based Milk Market by Application, Value (US$ Bn) and Volume (Liters), 2019-2031
  - 10.4.1.15. Rest of Middle East & Africa Plant Based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Liters), 2019-2031
- 10.4.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Product vs Indication Heatmap
11.2. Company Market Share Analysis, 2022
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Groupe Danone
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. The Hain Celestial Group Inc.
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. Vitasoy International Holdings Limited
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. McCormick & Company
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. SunOpta Inc.
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Pacific Foods of Oregon, Inc.
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Goya Foods
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Blue Diamond Growers, Inc.
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Califia Farms
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Ripple Foods
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development
- 11.4.11. Oatly
  - 11.4.11.1. Company Overview
  - 11.4.11.2. Product Portfolio
  - 11.4.11.3. Financial Overview
  - 11.4.11.4. Business Strategies and Development
- 11.4.12. Piatnica
- 11.4.13.
  - 11.4.13.1. Company Overview
  - 11.4.13.2. Product Portfolio
  - 11.4.13.3. Financial Overview
  - 11.4.13.4. Business Strategies and Development
- 11.4.14. Sanitarium
  - 11.4.14.1. Company Overview
  - 11.4.14.2. Product Portfolio
  - 11.4.14.3. Financial Overview
  - 11.4.14.4. Business Strategies and Development
- 11.4.15. Ecomil
  - 11.4.15.1. Company Overview
  - 11.4.15.2. Product Portfolio
  - 11.4.15.3. Financial Overview
  - 11.4.15.4. Business Strategies and Development
- 11.4.16. Hiland Dairy
  - 11.4.16.1. Company Overview
  - 11.4.16.2. Product Portfolio
  - 11.4.16.3. Financial Overview
  - 11.4.16.4. Business Strategies and Development
- 11.4.17. Natura Foods
  - 11.4.17.1. Company Overview
  - 11.4.17.2. Product Portfolio
  - 11.4.17.3. Financial Overview
  - 11.4.17.4. Business Strategies and Development
- 11.4.18. Earth's Own Food Company Inc.
  - 11.4.18.1. Company Overview
  - 11.4.18.2. Product Portfolio
  - 11.4.18.3. Financial Overview
  - 11.4.18.4. Business Strategies and Development
- 11.4.19. Edward & Sons
  - 11.4.19.1. Company Overview
  - 11.4.19.2. Product Portfolio
  - 11.4.19.3. Financial Overview
  - 11.4.19.4. Business Strategies and Development
- 11.4.20. Chef's Choice Food Manufacturer Company Limited
  - 11.4.20.1. Company Overview
  - 11.4.20.2. Product Portfolio
  - 11.4.20.3. Financial Overview
  - 11.4.20.4. Business Strategies and Development
- 11.4.21. Liwayway Holdings Company Limited
  - 11.4.21.1. Company Overview
  - 11.4.21.2. Product Portfolio
  - 11.4.21.3. Financial Overview
  - 11.4.21.4. Business Strategies and Development
- 11.4.22. The Bridge s.r.l.
  - 11.4.22.1. Company Overview
  - 11.4.22.2. Product Portfolio
  - 11.4.22.3. Financial Overview
  - 11.4.22.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations