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North America (U.S, Canada) Plant-Based Milk Market Worth USD 6887 million in 2026

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North America (U.S, Canada) Plant-Based Milk Market Worth USD 6887 million in 2026

March 16
11:18 2020
North America (U.S, Canada) Plant-Based Milk Market Worth USD 6887 million in 2026

North America Plant-Based Milk market is expected to grow at a robust CAGR of 13.2% from 2019-2026.
According to GMI Research’s latest report, the North America Plant-Based Milk market is expected to grow at a robust CAGR of 13.2% from 2019-2026. North America Plant-Based Milk market generated revenues of USD 2259 million in 2018 and is projected to reach USD 6887 million in 2026.

The major factors driving the market growth include the increasing consumption of non-dairy alternatives among the local population owing to allergy, lactose intolerance or adherence to a vegan/plant-based diet and rising cases of adulteration in the milk industry across the U.S. and Canada. The most commonly used adulterants include acid and formalin which mainly helps in increasing the shelf life of milk and thus are limiting the consumption of milk by the consumers. With the growing environmental awareness, the customers are significantly shifting towards a plant-based lifestyle and are strictly following the vegan diet patterns. This changing demand of the customers towards more healthy diet patterns will positively influence the growth of the North America Plant-based Milk market during the forecast period. Moreover, the nutritional benefits offered by the plant-based milk will attract a large number of customers towards the consumption of plant-based milk during the forecast period.

Request Sample Report of North America Plant-Based Milk Market: https://www.gmiresearch.com/report/north-america-plant-based-milk-market/sample-request

Plant-Based milk refers to the non-dairy beverages made from a water-based plant extract mainly used for flavoring and aroma. The Plant-based milk is highly suitable for patients having lactose intolerance and is widely available in different flavors such as Almond milk, Soy milk, Coconut milk, Oat milk, Cashew milk, Rice milk, Hemp milk, Pea milk, and Peanut milk. It offers numerous nutrients including a high level of calcium, essential minerals, Omega-3 fatty acid, among others. The most widely adopted plant-based milk by the consumers is the Almond milk which contains calcium, vitamin D, E and B12 and acts as an ideal breakfast substitute for customers across all over the world.

Based on Product, the North America Plant-Based Milk market is segmented into Almond Milk, Soy Milk, Coconut Milk, Oat Milk, Cashew Milk, and Others. The Almond Milk is anticipated to lead the market during the forecast period owing to the growing demand for almond milk among the target consumers. The Almond milk offers remarkable benefits such as low calories, cholesterol-free, high calcium level and easily blends with different condiments. Moreover, the almond milk is devoid of cholesterol and lactose, thereby attracting vegan consumers towards the adoption of Almond milk in North America.

Based on Process, the North America Plant-Based Milk market is segmented into Refrigerated and Shelf Stable. The Refrigerated segment is expected to grow at the highest CAGR during the forecast period due to the rising demand for refrigerated milk by the local population. Refrigerated Plant-based milk is pasteurized using high-temperature processing techniques and is highly cost-effective.

Based on Formulation, the North America Plant-Based Milk market is segmented into Regular and Flavoured. The Flavoured Plant-based milk is projected to grow at the highest CAGR market during the forecast period owing to the significant shift in the consumer’s taste pattern towards flavored milk. The flavored plant-based milk is highly preferred by children under the age of 18 years due to its unique taste along with the nutritional benefits provided to the body.

To know more about the North America Plant-Based Milk Market Report: https://www.gmiresearch.com/report/north-america-plant-based-milk-market/

Based on the Production Method, the North America Plant-Based Milk market is segmented into Dry Process, Wet Process and Fortification. The Wet Process segment is anticipated to lead the market during the forecast period due to the increasing demand for a longer shelf-life and cost-effective plant-based milk across North America. The Wet process mainly involves soaking and grinding of cereals, legumes, nuts and seeds which helps in adding a smooth texture to the milk while maintaining a low cost and improves its lifespan.

Based on Packaging, the North America Plant-Based Milk market is segmented into Pouches, Can, Bottle, Tetra Pack and Gallon. The Gallon packaging segment is anticipated to lead the market during the forecast period owing to the growing adoption of the Gallon packed Plant-based milk among the end-users across the U.S. and Canada. The Gallon packaging minimizes the risk of spoilage, is easy to store and helps in maintaining longer shelf-life in the different temperature ranges.

Based on Distribution Channel, the North America Plant-Based Milk market is segmented into Online and Brick and mortar stores & branded retail outlets. The Brick and mortar stores & branded retail outlets segment is expected to grow at the highest CAGR during the forecast period due to the easy availability of a wide range of products at attractive discount offers. These stores provide a proper shelf display of the products along with detailed information about the ingredients used in the products.

The North America Plant-based Milk Market has been segmented based on product, process, formulation, production method, packaging and distribution channel. Based on the product, the market is segmented into almond milk, soy milk, coconut milk, oat milk, cashew milk and others. Based on the process, the market is segmented into refrigerated and shelf-stable. Based on formulation, the market is segmented regular and flavored. Based on production method, the market is segmented into dry process, wet process and fortification. Based on packaging, the market is segmented into pouches, can, bottle, tetra pack and gallon. Based on distribution channel, the market is segmented into online stores and brick and mortar stores & branded retail outlets

Market Segmentation

North America (US, Canada) Plant-Based Milk Market by Product

  • Almond milk
  • Soy milk
  • Coconut milk
  • Oat milk
  • Cashew milk
  • Others

 

North America (US, Canada)Plant-Based Milk Market by Process

  • Refrigerated
  • Shelf-stable

 

North America (US, Canada)Plant-Based Milk Market by Formulation

  • Regular
  • Flavoured

 

North America (US, Canada)Plant-Based Milk Market by Production Method

  • Dry process
  • Wet process
  • Fortification

 

North America (US, Canada)Plant-Based Milk Market by Packaging

  • Pouches
  • Can
  • Bottle
  • Tetra pack
  • Gallon

 

North America (US, Canada)Plant-Based Milk Market by Distribution Channel

  • Online
  • Brick and mortar stores & branded retail outlets

North America (US, Canada) Plant-Based Milk Market by Country

  • USA Plant-Based Milk Market All-Up
  • Canada Plant-Based Milk Market All-Up

 

North America (US, Canada)Plant-Based Milk Leading market players (Option: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

  • Blue Diamond Growers
  • Earth’s Own Food Company
  • Danone S.A.
  • Califia Farms
  • Oatly AB
  • Elmhurst Milked Direct LLC
  • Organic Valley
  • Campbell Soup Company
  • Hain Celestial Group Inc.
  • Ripple Foods

 

Our Related Reports:

Europe Plant-based Milk Market by Product Type (Almond Milk, Soy Milk, Coconut Milk, Oat Milk, Cashew Milk, Rice Milk, Quinoa Milk, Hemp Milk and Others), By Category (Refrigerated and Shelf Stable), By Formulation (Regular and Flavoured), By Method (Dry Process and Wet Process), By Packaging (Can, Bottle, Tetra Pak, Jar and Gallon), By End-User (Online Stores, Supermarkets, Conventional Stores and Others), By Country (Germany, France, Spain, UK and Rest of Europe) – Opportunities & Forecast, 2019-2026  

About GMI Research:

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape, etc. which helps our clients to strengthen their market position by deploying specific strategies and actions that will lead to higher growth.

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