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Plant Milk Market Revenue to Hit $21 Billion by 2026, Says Global Market Insights, Inc.

SELBYVILLE, Del., Nov. 1, 2020 /PRNewswire/ -- Global plant milk market valueA is expected to cross USD 21 billion by 2026, According to a new research report by Global Market Insights, Inc. An increasing vegan population and changing lifestyles, and also significant developments in the dairy industry, is likely to boost the industry landscape.Asia-Pacific accounted for the largest share in the plant milk industry of over 50% in 2019, owing to lactose intolerance, diet consciousness and increasing adoption of a vegan diet in the food sector; the market is projected to witness significant gain over the forecast period. Increasing disposal income and purchasing power, the rapid growth of the middle-class population, an increase in consumer awareness about health & fitness, and consumer demand for nutritional & healthy products provide promising prospects to the market players for growth and diversification in the region's food sector.Request a sample of this research report atA https://www.gminsights.com/request-sample/detail/2250Some major findings of the global plant milk market report include:

The plant milk industry has seen risingA interest in recent years, as consumers are increasingly looking for lactose-free, dairy-free and plant-based/vegan options as healthy lifestyle choices.



Demand for plant-based milk is increasingA due to vegan or vegetarian lifestylesA to suit consumers' social livesA or health conditions.



Significant development in the organic food industry impacting the dairy sector across the globe, resulting in increased demand for plant milk.



Coconut milk and rice milk are becoming perfect alternatives for dairy milk, which are rich in calcium and minerals, thereby driving the overall market demand.



Increased demand for plant milk from carton packaging is likely to witness over a 13% CAGR through 2026, owing to the ease of convenience in handling, storage, transportation, and usage, along with environmental benefits associated with it.



Major industry players include The Whitewave Food Company, Blue Dimond Growers, SunOpta, Freedom Foods group Limited, Eden Foods Inc, Earth's Own Food Company, Hiland Dairy.

Browse key industry insights spread across 150 pages with 302 market data tables and 11 figures & charts from the report, "Plant Milk Market Forecasts By Sales Channel (Mainstream Stores, Specialty Stores), Source (Almond, Soy, Coconut, Rice), Formulation (Unsweetened, Sweetened), Packaging (Carton Packaging, Bottles, Pouches), Industry Analysis Report, Regional, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 - 2026" in detail along with the table of contents:
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