As the global economy mends, the 2021 growth of Milk Substitute Materials will have significant change from previous year. According to our (LP Information) latest study, the global Milk Substitute Materials market size is USD million in 2022 from USD 12300 million in 2021, with a change of % between 2021 and 2022. The global Milk Substitute Materials market size will reach USD 40210 million in 2028, growing at a CAGR of 18.4% over the analysis period 2022-2028.
The United States Milk Substitute Materials market is expected at value of US$ million in 2021 and grow at approximately % CAGR during forecast period 2022-2028. China constitutes a % market for the global Milk Substitute Materials market, reaching US$ million by the year 2028. As for the Europe Milk Substitute Materials landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028. In APAC, the growth rates of other notable markets (Japan and South Korea) are projected to be at % and % respectively for the next 6-year period.
Global main Milk Substitute Materials players cover Danone, Blue Diamond Growers, Oatly, and Kikkoman Corporation, etc. In terms of revenue, the global largest two companies occupy a share nearly % in 2021.
This report presents a comprehensive overview, market shares, and growth opportunities of Milk Substitute Materials market by product type, application, key manufacturers and key regions and countries.
Segmentation by raw material: breakdown data from 2017 to 2022, in Section 2.3; and forecast to 2028 in section 12.6
Almond
Soy
Coconut
Rice
Oats
Others
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 12.7.
Direct Drink
Confectionery
Bakery
Ice Cream
Cheese
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market, include
Danone
Blue Diamond Growers
Oatly
Kikkoman Corporation
Califia Farms
Earth’s Own Food Company
Ezaki Glico
Ripple Foods
Marusan-Ai Co. Ltd
Campbell Soup Company
SunOpta
Nutrisoya Foods
Elmhurst Milked Direct
Panos Brands
Jindilli Beverages (milkadamia)