2021 Milk Substitutes (Non dairy milk) Market Share, Restraints, Segments And Regions

Milk Substitutes (Non-Dairy Milk) Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the milk substitutes (non-dairy milk) industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected milk substitutes (non-dairy milk) market growth numbers 2021-2030.

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The Milk Substitutes (Non-Dairy Milk) Global Market Report 2021-30 by The Business Research Company provides an in-depth analysis of the global milk substitutes (non-dairy milk) market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Milk Substitutes (Non-Dairy Milk) Global Market Report 2021 covers milk substitutes (non-dairy milk) market drivers, milk substitutes (non-dairy milk) market trends, milk substitutes (non-dairy milk) market growth rate, milk substitutes (non-dairy milk) market major players, player-adopted strategies in the market, and milk substitutes (non-dairy milk) market size.

The global milk substitutes market is expected to grow from $19.93 billion in 2020 to $21.44 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-dairy milk market is expected to reach $31.28 billion in 2025 at a CAGR of 9.9%.

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The report covers the milk substitutes (non-dairy milk) market segments-

1) By Type: Soy Milk, Almond Milk, Rice Milk, Others
2) By Application: Food, Beverages
3) By Distribution Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Others
4) By Formulation: Plain-Sweetened, Plain-Unsweetened, Flavored-Sweetened, Others

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