DUBLIN–(BUSINESS WIRE)–The “Europe Plant-based Milk Market Outlook, 2026” report has been added to ResearchAndMarkets.com’s offering.
According to this report the plant based milk market is expanding speedily to cross over revenue of USD 5 Billion by the end of forecast period.
The global plant based milk market is three times more than plant based meat market, which is prudent that plant based milk market is a matured market. Germany, United Kingdom, Italy and Spain has over 45% market share in Europe plant based milk market. European continent consumes more coffee than any other in the world. Given its, property to increase alertness and powerful antioxidants, coffee is widely consumed in Europe.
The recent wave of eliminating cow’s milk from diet in lieu of turning vegan, has boost the plant based milk consumers in replacing it with soy milk. As soy milk gives a nutty flavour, foamy texture and an enhanced taste when combined with a good quality coffee, it is most consumed in Europe. It lets the prominent flavour of coffee be alive in it without the need of dairy milk. Barista’s across Europe, use soy milk as their preferred choice as the base for making any type of coffee. However close rival to soy milk is almond milk which is gaining popularity among Europeans, as it is considered more rich in nutrients.
Almond milk is the fastest growing plant based milk and is expected to have more users in the future years as well. Oat milk grows at a much higher CAGR than other milks, owing to its incredible popularity and demand. Oat milk is a better option for people with lactose intolerance, milk allergies, and gluten free and easy to digest. Oat milk is an excellent source of vitamins, minerals and fibre. However, it has more calories than almond, soy or cow’s milk but more vitamin B content. It helps to lower cholesterol levels, otherwise which increases the risk of heart diseases. Oat milk is further fortified with calcium and vitamin D which is good for bones.
The report analyses influential trends that are currently determining the growth of the market. It further, interprets important dynamics, such as the drivers, restraints, and opportunities for key market players and also the new entrants with the manufacturing of the plant based milk market. The analyses also state the upholding of the future status of the plant based milk market over the forecast period. A detailed overview of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the plant based milk market, along with their product portfolios, enhances the reliability of this extensive research study.
A growing number of the population is turning vegan and the 2020 statistics shows there are 5% vegans, 20% flexitarian and 11% vegetarians around the globe. People in western countries are more inclined towards plant based milk than the developing countries. Widespread awareness of consuming plant based foods and its positive impacts on health are a major driver for this market. Obesity is on the rise, globally irrespective of varied food cultures in different regions of the world. Plant based milk provides more energy, improves health, balances body weight and adds flavour to milk.
This report would help you answer the following questions
- Europe plant based milk market to cross over USD 5 Billion mark by 2026?
- What are the labelling guidelines for the plant based milk in Europe?
- Why Germany has the largest market share in Europe plant based milk market?
- Presence of Oatly is expected to drive the oat milk market in Europe?
- COVID-19 pandemic has driven the market in smaller countries of Europe?
- Is Plant based milk market large or plant based meat market?
- At what rate the global plant based milk market will grow in 2021?
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Market Structure
4. Global Plant Based Milk Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Company
4.2.2. By Source
4.2.3. By Formulation
4.2.4. By Flavoured
4.2.5. By Sales Channel
4.2.6. By Region
4.2.7. By Country
5. Europe Plant Based Milk Market Outlook
6. Market Dynamics
6.1. Key Drivers
6.2. Key Challenges
7. Market Trends and Developments
8. Company Profiles
8.1. Danone SA
8.2. Kerry Inc.
8.3. Califia Farms
8.4. Ripple Foods Inc.
8.6. Elmhurst Milked Direct LLC
8.7. Pacific Foods of Oregon, LLC
8.8. The DAhler Group
8.9. SunOpta Inc.
8.11. The Hain Celestial
8.12. Daiya Foods Inc
8.13. Sahmyook Foods
9. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/s2k1eh
Laura Wood, Senior Press Manager
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