Plant-based Milk Market Size and Growth Outlook 2022-2029 | North America to Lead Stoked by Rising Adoption of Healthy Diet

Pune, India, July 07, 2022 (GLOBE NEWSWIRE) -- The global plant-based milk market is set to gain impetus from the increasing awareness of the numerous health benefits of coconut milk and soy milk. Fortune Business Insights™ published this information in an upcoming report, titled, "Plant-based Milk Market Size, Share & Industry Analysis, and Regional Forecast, 2019-2026 ." The report further states that the persistent efforts of reputed companies to launch novel plant-based milk would affect growth positively. The COVID-19 pandemic has resulted in the closure of restaurants and bars across the globe to prevent transmission. The daily footfall in restaurants reduced precipitously in 2020. It caused a ripple effect among associated industries, such as beer production, wine, liquor, farming, fishing, and food production. The United Nations, for instance, declared in June 2020 that the world is currently facing the worst food crisis owing to the pandemic. We are delivering accurate research reports to help you come out of this grave situation by investing in the right areas. Get a Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/plant-based-milk-market-102285 A list of all the renowned plant-based milk manufacturers operating in the global market: DREAM Danone Daiya Foods Archer Daniels Midland Malk Organic Ripple Foods The New Barn Califia Farms Other prominent companies How Did We Develop This Report? We have conducted extensive primary and secondary research to gather information about various aspects of this report. Our special interviews with end-user respondents and supply side respondents helped in gaining insights into the average pricing, per capita consumption trend, and average spending on products, growth rate, market size, and dynamics. We have also taken information from reputed industry journals, articles, and press releases of organizations operating in the field of plant-based milk. Drivers & Restraints- Increasing Adoption of Vegan Diet to Accelerate Growth Plant-based milk is experiencing a high demand backed by the easy availability of raw materials, especially in emerging countries. Nowadays, people are inclining rapidly towards vegan food and beverages. The Plant-based Foods Association, for instance, mentioned in a report that during 2017 and 2018, the market for plant-based milk increased by 9%. In addition to that, the increasing prevalence of diabetes, obesity, and cardiovascular diseases would propel the demand for dairy substitutes. However, the negative health effects of this milk in infants may hinder the plant-based milk market growth in the near future. Plant-based Milk Market Report Scope & Segmentation: Base Year 2021 Full story available on Benzinga.com