© 2016 Global Market Insights, Inc. USA. All Rights Reserved Plant Milk Market is estimated to surpass USD 21 billion by 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Plant Milk Market size is estimated to exceed USD 21 billion by 2024; according to a new research report by Global Market Insights.  Growing vegan population resulting in high demand for dairy alternatives is driving plant milk market growth. Improved taste and flavor along with long shelf life is anticipated to fuel the business penetration.  North America plant milk market accounted for over 25% share in Higher incidence of lactose intolerance in Hispanic and Asian-American populations in the U.S. is major driving force for the plant milk market growth.  Rising threats pertaining to saturated fat levels, hormone content, antibiotics used in dairy cows has diverted consumers preference to dairy alternatives. Growing health concerns regarding diabetes and allergies has encouraged the consumers to adopt dairy alternative products. Key Insights from Plant Milk Market

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Increasing health issues owing to the use of bovine growth hormone into cattle to boost milk production has significantly hampered dairy industry. This has resulted in its ban from countries including Canada, the European Union, Australia, New Zealand, Japan, and Israel, hence fueling dairy alternative market.  Coconut will witness significant growth at over 13% up to Increased demand for coconut milk owing to the health benefits provided by coconut compared to soy will drive the product demand. Presence of significant amount of lauric acid in coconut, which when converted to monolaurin provides antiviral, antifungal and antibacterial properties  Global industry share is highly fragmented owing to presence various local and international vendors. Some of the key players include Ripple Foods, Danone, Archer-Daniels-Midland, WhiteWave Foods, Califia Farms, Hain Celestial Group, Daiya Foods and Freedom Foods. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Plant Milk Market, By Source, 2016 & 2024 (Million Litres)

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