The Business Research Company’s report goes into great detail on the milk substitutes (non dairy milk) market size and growth, milk substitutes (non dairy milk) market regional analysis, milk substitutes (non dairy milk) market competitive landscape, and other critical information needed to excel in the milk substitutes (non dairy milk) industry.

Major players in the milk substitutes (non dairy milk) market include Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L and Blue Diamond Growers.

TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.

The global milk substitutes market size is expected to grow from $26.29 billion in 2021 to $30.03 billion in 2022 at a compound annual growth rate (CAGR) of 14.2%. The global non-dairy milk market size is expected to grow to $50.78 billion in 2026 at a CAGR of 14.0%.

North America was the largest region in the milk substitutes market in 2021.

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.

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Non-dairy milk producing companies are 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.

TBRC’s global milk substitutes (non dairy milk) market report is segmented:
By Type: Soy Milk, Almond Milk, Rice Milk, Others

By Application: Food, Beverages

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

By Formulation: Plain-Sweetened, Plain-Unsweetened, Flavoured-Sweetened, Others

By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The Milk Substitutes (Non Dairy Milk) Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the milk substitutes (non dairy milk) market globally and regionally, analyzes and forecasts market size, share, milk substitutes (non dairy milk) market players, milk substitutes (non dairy milk) market segments, leading competitor revenues, profiles and market shares.

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