Meticulous Research® Unveils Comprehensive Analysis of the Plant-Based Milk Market Forecast to 2031

1. "Meticulous Research® Unveils Comprehensive Analysis of the Plant- Based Milk Market Forecast to 2031” J

2. Plant-based Milk Market 2024-2031 Meticulous Research®, a premier global market research firm, has released its latest report on the plant-based milk sector, titled "Plant-Based Milk Market Size, Share, Forecast, & Trends Analysis by Type, Formulation, Distribution Channel - Global Forecast to 2031." This in-depth study highlights the dynamic growth trajectory of the plant- based milk industry, projecting a remarkable market valuation of $52.54 billion by 2031, driven by a robust compound annual growth rate (CAGR) of 11.4% from 2024 to 2031. Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5304 Market Drivers and Restraints The expansion of the plant-based milk market is significantly propelled by increasing lactose intolerance and cow milk allergies, a heightened focus on health and wellness, evolving dietary preferences, and a commitment to sustainability. Furthermore, rising investments and governmental support for plant-based industries are contributing to market growth. Nonetheless, challenges such as a strong preference for animal-based milk products and the rising demand for soy-free and gluten-free options pose potential restraints. Regional Insights and Opportunities Emerging economies in Asia-Pacific and Latin America present substantial growth opportunities. However, market participants must navigate the complexities of fluctuating raw material prices. Competitive Landscape The plant-based milk market features a moderately competitive environment, encompassing a diverse range of global, regional, and local players. Key industry leaders include: • Hain Celestial Group, Inc. (U.S.) • SunOpta Inc. (Canada) • Sanitarium Health and Wellbeing Company (Australia) • Axiom Foods, Inc. (U.S.) Page 1 of 4 © Meticulous Research| sales@meticulousresearch.com

3. Plant-based Milk Market 2024-2031 • Earth's Own Food Company, Inc. (Canada) • Sunrise Soya Foods (Canada) • Campbell Soup Company (U.S.) • Danone S.A. (France) • Plamil Foods Ltd. (U.K.) • Sahmyook Foods (South Korea) • Nestlé S.A. (Switzerland) • Natura Foods (Canada) • Blue Diamond Growers (U.S.) • Oatly Group AB (Sweden) Market Segmentation • By Type: The market is segmented into almond milk, soy milk, coconut milk, oat milk, rice milk, and other plant-based options. Almond milk is anticipated to dominate with a projected share of 59.9% in 2024, driven by a shift towards nut- based lactose-free options, changing taste preferences, and growing health and environmental consciousness. • By Formulation: The market is divided into unflavored and flavored plant-based milk. The unflavored segment is expected to hold a larger share of 64.4% in 2024, attributed to the increasing demand for naturally dairy-free and sugar-free products with a clean taste and versatile use in recipes. • By Distribution Channel: The market is segmented into business-to-business (B2B) and business-to-consumer (B2C). The B2C segment is set to lead with a 67.4% share in 2024, driven by higher retail sales, expanded shelf space in modern grocery stores, and growing consumer acceptance of vegan and vegetarian alternatives. Geographic Review Page 2 of 4 © Meticulous Research| sales@meticulousresearch.com

4. Plant-based Milk Market 2024-2031 The report provides an exhaustive analysis of major regions: • Asia-Pacific: Expected to capture the largest market share of 49.7% in 2024, valued at USD 28.07 billion. This growth is attributed to increasing health awareness, advanced technological adoption in the food and beverage sector, and a significant vegan and vegetarian population. • Europe and North America: Following Asia-Pacific, these regions are also expected to experience substantial market growth. Quick Buy @ https://www.meticulousresearch.com/Checkout/36205082 About Meticulous Research® Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 4 © Meticulous Research| sales@meticulousresearch.com

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