Dairy Product

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1513656

PUBLISHER: Persistence Market Research | PRODUCT CODE: 1513656

Plant-based Milk Powder Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

PUBLISHED: July 9, 2024

PAGES: 250 Pages

DELIVERY TIME: 2-5 business days

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Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for plant-based milk powder. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Plant-based Milk Powder Market Size (2024E): USD 431.5 Million
Projected Market Value (2033F): USD 833.9 Million
Global Market Growth Rate (CAGR 2024 to 2033): 9.9%

Plant-based Milk Powder Market - Report Scope:

Plant-based milk powders are derived from various sources such as soy, almond, coconut, rice, and others. They cater to consumers looking for dairy alternatives due to lactose intolerance, dietary preferences, or ethical concerns. The market serves a wide range of applications including beverages, bakery, confectionery, and others, offering options like organic, fortified, and flavored variants.

Market Growth Drivers:

The global plant-based milk powder market is driven by increasing consumer awareness regarding health benefits associated with plant-based diets, rising lactose intolerance cases, and growing vegan population globally. Innovations in processing technologies, enhancing product texture and nutritional profiles, also contribute to market expansion. Moreover, governmental support promoting sustainable agricultural practices and shifting consumer preferences towards environmentally friendly products propel market growth.

Market Restraints:

Despite growth prospects, the plant-based milk powder market faces challenges related to inconsistent raw material supply, higher production costs compared to conventional dairy products, and regulatory variations across regions. These factors impact market stability and pricing strategies of manufacturers, influencing market penetration particularly in emerging economies.

Market Opportunities:

The plant-based milk powder market presents opportunities driven by evolving dietary trends favoring plant-based foods, expanding retail distribution channels, and increasing investments in product innovation and marketing. Partnerships with foodservice providers, strategic acquisitions, and geographic expansion into untapped markets are crucial for capitalizing on emerging opportunities and sustaining market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the plant-based milk powder market globally?
Which plant sources and product types are gaining traction among consumers?
How are technological advancements reshaping the competitive landscape of the plant-based milk powder market?
Who are the key players contributing to the plant-based milk powder market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global plant-based milk powder market?

Competitive Intelligence and Business Strategy:

Leading players in the global plant-based milk powder market, including NOW Foods, Enfamil., and Urban Platter, focus on innovation, sustainability, and expanding product portfolios to meet diverse consumer demands. These companies invest in research and development to enhance product quality, nutritional value, and production efficiency. Strategic collaborations with agricultural suppliers and retail chains strengthen market presence and distribution networks, fostering growth in a competitive market landscape.

Key Companies Profiled:

Asahi Group Foods, Ltd.
Bulk Barn Foods Limited
BMS Organics
NOW Foods
Unisoy Foods
Enfamil
Urban Platter
Bio Nutrients (India) Pvt. Ltd.
Chocolate Alchemy
Jaffe Bros., Inc.

Segmentation of the Plant-based Milk Powder Market:

By Type:

Almond Milk Powder
Soy Milk Powder
Coconut Milk Powder

By Application:

Bakery & Confectionary
Nutritional Food
Infant Formulas

By Distribution Channel:

Online Sales
Supermarkets/Hypermarkets
Specialized Stores
Convenience Stores
Retail Stores

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Product Code: PMRREP33390

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics
- 3.1.1. Drivers
- 3.1.2. Restraints
- 3.1.3. Opportunity
- 3.1.4. Trends
3.2. Scenario Forecast
- 3.2.1. Demand in Optimistic Scenario
- 3.2.2. Demand in Likely Scenario
- 3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
- 3.5.1. Supply Side Participants and their Roles
  - 3.5.1.1. Producers
  - 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
  - 3.5.1.3. Wholesalers and Distributors
- 3.5.2. Value Added and Value Created at Node in the Supply Chain
- 3.5.3. List of Raw Material Suppliers
- 3.5.4. List of Existing and Potential Buyer's
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
- 3.7.1. Profit Margin Analysis
- 3.7.2. Wholesalers and Distributors
- 3.7.3. Retailers
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
- 3.9.1. By Key Regions
- 3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Plant-based Milk Powder Market Analysis 2019-2023 and Forecast, 2024-2033

4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019-2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024-2033
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis

5. Global Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Type

5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Type, 2019-2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Type, 2024-2033
- 5.3.1. Almond Milk Powder
- 5.3.2. Soy Milk Powder
- 5.3.3. Coconut Milk Powder
- 5.3.4. Other Types
5.4. Y-o-Y Growth Trend Analysis By Type, 2019-2023
5.5. Absolute $ Opportunity Analysis By Type, 2024-2033

6. Global Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Application

6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019-2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024-2033
- 6.3.1. Bakery & Confectionary
- 6.3.2. Nutritional Food
- 6.3.3. Infant Formulas
6.4. Y-o-Y Growth Trend Analysis By Application, 2019-2023
6.5. Absolute $ Opportunity Analysis By Application, 2024-2033

7. Global Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Distribution Channel

7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Distribution Channel, 2019-2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2024-2033
- 7.3.1. Online Sales
- 7.3.2. Supermarkets/Hypermarkets
- 7.3.3. Specialized Stores
- 7.3.4. Convenience Stores
- 7.3.5. Retail Stores
7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2019-2023
7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2024-2033

8. Global Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Region

8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019-2023
8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024-2033
- 8.3.1. North America
- 8.3.2. Latin America
- 8.3.3. Europe
- 8.3.4. Asia Pacific
- 8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region

9. North America Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Country

9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024-2033
- 9.2.1. By Country
  - 9.2.1.1. U.S.
  - 9.2.1.2. Canada
- 9.2.2. By Type
- 9.2.3. By Application
- 9.2.4. By Distribution Channel
9.3. Market Attractiveness Analysis
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
- 9.3.4. By Distribution Channel
9.4. Key Takeaways

10. Latin America Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Country

10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024-2033
- 10.2.1. By Country
  - 10.2.1.1. Brazil
  - 10.2.1.2. Mexico
  - 10.2.1.3. Rest of Latin America
- 10.2.2. By Type
- 10.2.3. By Application
- 10.2.4. By Distribution Channel
10.3. Market Attractiveness Analysis
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
- 10.3.4. By Distribution Channel
10.4. Key Takeaways

11. Europe Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Country

11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024-2033
- 11.2.1. By Country
  - 11.2.1.1. U.K.
  - 11.2.1.2. Spain
  - 11.2.1.3. Germany
  - 11.2.1.4. Russia
  - 11.2.1.5. Italy
  - 11.2.1.6. France
  - 11.2.1.7. Rest of Europe
- 11.2.2. By Type
- 11.2.3. By Application
- 11.2.4. By Distribution Channel
11.3. Market Attractiveness Analysis
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Application
- 11.3.4. By Distribution Channel
11.4. Key Takeaways

12. Asia Pacific Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Country

12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024-2033
- 12.2.1. By Country
  - 12.2.1.1. China
  - 12.2.1.2. Japan
  - 12.2.1.3. India
  - 12.2.1.4. Australia
  - 12.2.1.5. Rest of Asia Pacific
- 12.2.2. By Type
- 12.2.3. By Application
- 12.2.4. By Distribution Channel
12.3. Market Attractiveness Analysis
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By Application
- 12.3.4. By Distribution Channel
12.4. Key Takeaways

13. Middle East and Africa Plant-based Milk Powder Market Analysis 2019-2023 and Forecast 2024-2033, By Country

13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019-2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024-2033
- 13.2.1. By Country
  - 13.2.1.1. South Africa
  - 13.2.1.2. GCC Countries
  - 13.2.1.3. Rest of Middle East and Africa
- 13.2.2. By Type
- 13.2.3. By Application
- 13.2.4. By Distribution Channel
13.3. Market Attractiveness Analysis
- 13.3.1. By Country
- 13.3.2. By Type
- 13.3.3. By Application
- 13.3.4. By Distribution Channel
13.4. Key Takeaways

14. Key Countries Plant-based Milk Powder Market Analysis

14.1. U.S.
- 14.1.1. Pricing Analysis
- 14.1.2. Market Share Analysis, 2024
  - 14.1.2.1. By Type
  - 14.1.2.2. By Application
  - 14.1.2.3. By Distribution Channel
14.2. Canada
- 14.2.1. Pricing Analysis
- 14.2.2. Market Share Analysis, 2024
  - 14.2.2.1. By Type
  - 14.2.2.2. By Application
  - 14.2.2.3. By Distribution Channel
14.3. Brazil
- 14.3.1. Pricing Analysis
- 14.3.2. Market Share Analysis, 2024
  - 14.3.2.1. By Type
  - 14.3.2.2. By Application
  - 14.3.2.3. By Distribution Channel
14.4. Mexico
- 14.4.1. Pricing Analysis
- 14.4.2. Market Share Analysis, 2024
  - 14.4.2.1. By Type
  - 14.4.2.2. By Application
  - 14.4.2.3. By Distribution Channel
14.5. U.K.
- 14.5.1. Pricing Analysis
- 14.5.2. Market Share Analysis, 2024
  - 14.5.2.1. By Type
  - 14.5.2.2. By Application
  - 14.5.2.3. By Distribution Channel
14.6. Spain
- 14.6.1. Pricing Analysis
- 14.6.2. Market Share Analysis, 2024
  - 14.6.2.1. By Type
  - 14.6.2.2. By Application
  - 14.6.2.3. By Distribution Channel
14.7. Germany
- 14.7.1. Pricing Analysis
- 14.7.2. Market Share Analysis, 2024
  - 14.7.2.1. By Type
  - 14.7.2.2. By Application
  - 14.7.2.3. By Distribution Channel
14.8. Russia
- 14.8.1. Pricing Analysis
- 14.8.2. Market Share Analysis, 2024
  - 14.8.2.1. By Type
  - 14.8.2.2. By Application
  - 14.8.2.3. By Distribution Channel
14.9. Italy
- 14.9.1. Pricing Analysis
- 14.9.2. Market Share Analysis, 2024
  - 14.9.2.1. By Type
  - 14.9.2.2. By Application
  - 14.9.2.3. By Distribution Channel
14.10. France
- 14.10.1. Pricing Analysis
- 14.10.2. Market Share Analysis, 2024
  - 14.10.2.1. By Type
  - 14.10.2.2. By Application
  - 14.10.2.3. By Distribution Channel
14.11. China
- 14.11.1. Pricing Analysis
- 14.11.2. Market Share Analysis, 2024
  - 14.11.2.1. By Type
  - 14.11.2.2. By Application
  - 14.11.2.3. By Distribution Channel
14.12. Japan
- 14.12.1. Pricing Analysis
- 14.12.2. Market Share Analysis, 2024
  - 14.12.2.1. By Type
  - 14.12.2.2. By Application
  - 14.12.2.3. By Distribution Channel
14.13. India
- 14.13.1. Pricing Analysis
- 14.13.2. Market Share Analysis, 2024
  - 14.13.2.1. By Type
  - 14.13.2.2. By Application
  - 14.13.2.3. By Distribution Channel
14.14. Australia
- 14.14.1. Pricing Analysis
- 14.14.2. Market Share Analysis, 2024
  - 14.14.2.1. By Type
  - 14.14.2.2. By Application
  - 14.14.2.3. By Distribution Channel
14.15. South Africa
- 14.15.1. Pricing Analysis
- 14.15.2. Market Share Analysis, 2024
  - 14.15.2.1. By Type
  - 14.15.2.2. By Application
  - 14.15.2.3. By Distribution Channel
14.16. GCC Countries
- 14.16.1. Pricing Analysis
- 14.16.2. Market Share Analysis, 2024
  - 14.16.2.1. By Type
  - 14.16.2.2. By Application
  - 14.16.2.3. By Distribution Channel

15. Market Structure Analysis

15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
- 15.3.1. By Regional
- 15.3.2. By Type
- 15.3.3. By Application
- 15.3.4. By Distribution Channel

16. Competition Analysis

16.1. Competition Deep Dive
- 16.1.1. NOW Foods
  - 16.1.1.1. Overview
  - 16.1.1.2. Product Portfolio
  - 16.1.1.3. Profitability by Market Segments
  - 16.1.1.4. Sales Footprint
  - 16.1.1.5. Strategy Overview
    - 16.1.1.5.1. Marketing Strategy
    - 16.1.1.5.2. Product Strategy
    - 16.1.1.5.3. Channel Strategy
- 16.1.2. Unisoy Foods
  - 16.1.2.1. Overview
  - 16.1.2.2. Product Portfolio
  - 16.1.2.3. Profitability by Market Segments
  - 16.1.2.4. Sales Footprint
  - 16.1.2.5. Strategy Overview
    - 16.1.2.5.1. Marketing Strategy
    - 16.1.2.5.2. Product Strategy
    - 16.1.2.5.3. Channel Strategy
- 16.1.3. Enfamil
  - 16.1.3.1. Overview
  - 16.1.3.2. Product Portfolio
  - 16.1.3.3. Profitability by Market Segments
  - 16.1.3.4. Sales Footprint
  - 16.1.3.5. Strategy Overview
    - 16.1.3.5.1. Marketing Strategy
    - 16.1.3.5.2. Product Strategy
    - 16.1.3.5.3. Channel Strategy
- 16.1.4. Asahi Group Foods, Ltd.
  - 16.1.4.1. Overview
  - 16.1.4.2. Product Portfolio
  - 16.1.4.3. Profitability by Market Segments
  - 16.1.4.4. Sales Footprint
  - 16.1.4.5. Strategy Overview
    - 16.1.4.5.1. Marketing Strategy
    - 16.1.4.5.2. Product Strategy
    - 16.1.4.5.3. Channel Strategy
- 16.1.5. Urban Platter
  - 16.1.5.1. Overview
  - 16.1.5.2. Product Portfolio
  - 16.1.5.3. Profitability by Market Segments
  - 16.1.5.4. Sales Footprint
  - 16.1.5.5. Strategy Overview
    - 16.1.5.5.1. Marketing Strategy
    - 16.1.5.5.2. Product Strategy
    - 16.1.5.5.3. Channel Strategy
- 16.1.6. Bio Nutrients (India) Pvt. Ltd.
  - 16.1.6.1. Overview
  - 16.1.6.2. Product Portfolio
  - 16.1.6.3. Profitability by Market Segments
  - 16.1.6.4. Sales Footprint
  - 16.1.6.5. Strategy Overview
    - 16.1.6.5.1. Marketing Strategy
    - 16.1.6.5.2. Product Strategy
    - 16.1.6.5.3. Channel Strategy
- 16.1.7. Chocolate Alchemy
  - 16.1.7.1. Overview
  - 16.1.7.2. Product Portfolio
  - 16.1.7.3. Profitability by Market Segments
  - 16.1.7.4. Sales Footprint
  - 16.1.7.5. Strategy Overview
    - 16.1.7.5.1. Marketing Strategy
    - 16.1.7.5.2. Product Strategy
    - 16.1.7.5.3. Channel Strategy
- 16.1.8. Jaffe Bros., Inc.
  - 16.1.8.1. Overview
  - 16.1.8.2. Product Portfolio
  - 16.1.8.3. Profitability by Market Segments
  - 16.1.8.4. Sales Footprint
  - 16.1.8.5. Strategy Overview
    - 16.1.8.5.1. Marketing Strategy
    - 16.1.8.5.2. Product Strategy
    - 16.1.8.5.3. Channel Strategy
- 16.1.9. Bulk Barn Foods Limited
  - 16.1.9.1. Overview
  - 16.1.9.2. Product Portfolio
  - 16.1.9.3. Profitability by Market Segments
  - 16.1.9.4. Sales Footprint
  - 16.1.9.5. Strategy Overview
    - 16.1.9.5.1. Marketing Strategy
    - 16.1.9.5.2. Product Strategy
    - 16.1.9.5.3. Channel Strategy
- 16.1.10. BMS Organics
  - 16.1.10.1. Overview
  - 16.1.10.2. Product Portfolio
  - 16.1.10.3. Profitability by Market Segments
  - 16.1.10.4. Sales Footprint
  - 16.1.10.5. Strategy Overview
    - 16.1.10.5.1. Marketing Strategy
    - 16.1.10.5.2. Product Strategy
    - 16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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