The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing consumer’s preference for vegan food are expected to drive innovation in milk substitutes (nondairy milk) manufacturing, thus driving the market during the forecast period.

The global milk substitutes (nondairy milk) market is expected to grow from $30.03 billion in 2022 to $34.27 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. The global milk substitutes (non dairy milk) market is expected to grow to $58.6 billion in 2027 at a CAGR of 14.4%.

Get A Free Sample On The Global Milk Substitutes (Nondairy Milk) Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2531&type=smp

Global Milk Substitutes (Nondairy Milk) Market Segments Include:

• By Type: Soy Milk, Almond Milk, Rice Milk, Other Types
• By Application: Food, Beverages
• By Distribution Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Other Distribution Channels
• By Formulation: Plain-Sweetened, Plain-Unsweetened, Flavored-Sweetened, Other Formulations
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global milk substitutes (nondairy milk) market in 2021.

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

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. For instance, soymilk produced by SunOpta is processed using ultra-pasteurization and has an extended shelf life of 12 months. Also, ultra-pasteurized almond milk by Pacific Foods has a shelf life of about a year.

The Milk Substitutes (Nondairy Milk) Global Market Report 2023 provides a milk substitutes (nondairy milk) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The milk substitutes (nondairy milk) market forecast analyzes milk substitutes (nondairy milk) market size, milk substitutes (nondairy milk) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

Explore Similar Reports From The Business Research Company:

Milking Machines Global Market Report 2023

Milk And Butter Global Market Report 2023

Dairy Ingredients Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: