The Global Milk Substitutes (Non dairy milk) Market Report by The Business Research Company Covers Milk Substitutes (Non dairy milk) Market Drivers And Restraints, Milk Substitutes (Non dairy milk) Market Size, Major Players, And The Impact Of COVID-19 On The Milk Substitutes (Non dairy milk) Market.

The milk substitutes (non-dairy milk) market consists of sales of milk substitutes. This industry includes establishments that produce milk substitutes such as soy milk, almond milk and rice milk.

The increasing consumers’ preference for vegan food is driving the milk substitutes market. Consumers are increasingly becoming aware about animal abuse at dairy farms and are avoiding animal-based products.

The global milk substitutes (non dairy milk) market is expected to grow from $19.93 billion in 2020 to $21.44 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-dairy milk market is expected to reach $31.28 billion in 2025 at a CAGR of 9.9%.

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Some milk substitutes market trends include non-dairy milk producing companies increasingly focusing on improving the shelf life of their products. Companies are trying to decrease the rate of bacterial formation in non-dairy milk through bacterial clarification using separators intended to remove bacterial spores. Ultra-pasteurization involves heating milk to a temperature of more than 280°F for at least 2 seconds that will kill harmful bacteria and increases shelf life to up to 120 days.

Global milk substitutes (non dairy milk) market segments include:

1) By Type: Soy Milk, Almond Milk, Rice Milk, Others.

2) By Application: Food, Beverages.

3) By Distribution Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Others.

4) By Formulation: Plain-Sweetened, Plain-Unsweetened, Flavored-Sweetened, Others.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Milk Substitutes (Non dairy milk) Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides milk substitutes (non dairy milk) market overviews, analyzes and forecasts market size, share, milk substitutes (non dairy milk) market players, milk substitutes (non dairy milk) market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The milk substitutes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Milk Substitutes (Non dairy milk) Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.

Market Players Covered: Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L, Blue Diamond Growers, Freedom Foods Group Ltd, SunOpta Inc, Earth’s Own Food Company, Valsoia S.P.A, Vitsoy International Holding Limited, Eden Foods, OATLY AB, Sanitarium Health and Wellbeing Company, Triballat Noyal, Dohler GmBh, Panos Brands LLC, Ripple Foods, Califia Farms, CP Kelco, Daiya Foods Inc, Malk Organics, Organic Valley, Violife Foods, Good Karma Foods, Elmhurst, Chobani, NadaMoo, MarianiWalnutmilk, Yofix Probiotics, Miyoko Kitchen.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Milk Substitutes (Non Dairy Milk) Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Milk Substitutes (Non Dairy Milk) Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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