Plant Milk Market: Share, Size, Competitive Strategies and Forecast 2017 – 2024

U.S. Plant Milk Market, By Source, 2016 & 2024 (Million Litres)
Browse key industry insights spread across 300 pages with 302 market data tables &
11 figures & charts from the report, “Plant Milk Market Size Source (Soy, Almond,
Rice, Coconut), By Sales Channel (Mainstream Stores, Specialty Stores), By
Formulation (Unsweetened, Sweetened), By Packaging (Carton Packaging,
Bottles, Pouches), Regional Outlook (U.S., Canada, Germany, UK, France, Italy,
Netherlands, Poland, Ireland, Hong Kong, China, India, Singapore, Japan,
Australia, Malaysia, Thailand, Brazil, Mexico, Argentina, Saudi Arabia, UAE,
South Africa), Growth Potential, Price Trend, Competitive Market Share &
Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/plant-milk-market
Mainstream stores accounted nearly 80% of the industry share in 2016. Growing
disposable income and numerous value-added services offered by the modern retail
outlets, substituting the conventional unorganized retailers is driving the product
demand. Convenient locations, one-stop shopping, extended hours of operation,
variety of merchandise, grab-and-go service and fast transactions are some of the key
factors stimulating industry growth.
Unsweetened formulation will witness gains exceeding 12.5% up to 2024. Increasing
demand for dairy alternative product made from plain milk including desserts, yogurt
and cheese drives the demand for unsweetened plant milk formulation. Convenience
regarding addition of preferred quality and amount of sweetener owing to various
health concerns by individuals will further propel the product demand.
Carton packaging accounted for over 65% of plant milk market share in 2016.
Increased innovation in production of varied range of carton packaging offering barrier
from UV radiations, moisture and harmful gases & odor will stimulate industry growth
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