Milk Substitute Materials Market

Milk Substitute Materials 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.
Milk Substitute Materials Market contains market size and forecasts of Milk Substitute Materials in global, including the following market information:
Global Milk Substitute Materials Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Milk Substitute Materials Market Sales, 2017-2022, 2023-2028, (Million Liters)
Global top five Milk Substitute Materials companies in 2021 (%)
The global Milk Substitute Materials market was valued at 12940 million in 2021 and is projected to reach US$ 38850 million by 2028, at a CAGR of 17.0% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Almond Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Milk Substitute Materials 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 2021, the global top five players have a share approximately % in terms of revenue.
We has surveyed the Milk Substitute Materials manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Milk Substitute Materials Market, by Raw Material, 2017-2022, 2023-2028 ($ Millions) & (Million Liters)
Global Milk Substitute Materials Market Segment Percentages, by Raw Material, 2021 (%)
Almond
Soy
Coconut
Rice
Oats
Others
Global Milk Substitute Materials Market, by End Use, 2017-2022, 2023-2028 ($ Millions) & (Million Liters)
Global Milk Substitute Materials Market Segment Percentages, by End Use, 2021 (%)
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
Global Milk Substitute Materials Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Million Liters)
Global Milk Substitute Materials Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Milk Substitute Materials revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Milk Substitute Materials revenues share in global market, 2021 (%)
Key companies Milk Substitute Materials sales in global market, 2017-2022 (Estimated), (Million Liters)
Key companies Milk Substitute Materials sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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)