Individuals with Cow Milk Issues Inclining toward Plant-Base Milk Products

Plant-based milk, a lactose-free alternative to cow milk, is expanding rapidly in the food & beverage industry. The world is full of people with cow milk allergies, lactose intolerance, calorie concern, vegan diet, and hypercholesterolemia. The growing need for milk-based proteins and nutrients is influencing the Asia Pacific plant-based milk market. Unlike milk from cows, plant-based milk is made by grinding a bean or nut and adding water, flavors, vitamins, and minerals. Nutrients are harmonious in all products, but the number of fat varies from no fat, low fat, and full fat. Some plant-based milk such as calcium-fortified soymilk can closely resemble cow’s milk but has comparatively lower nutrients.

There is a rising trend in the plant-based milk market in developing countries as a cost-effective alternative to cow’s milk or its insufficient supply. Mainly in the Asia Pacific region, plant-based milk is increasing in popularity due to the variety of flavors it offers, as consumers nowadays look for special functionality in these drinks, which form a part of their lifestyle. The presence of innovative food beverages from plant sources is proving effective as an alternative to cow's milk; however, many products are prone to face technical issues related to processing or preservation. Nevertheless, manufacturers are constantly upgrading their product quality and nutrient value, which is expected to drive the Asia Pacific plant-based milk market during the forecast period.

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Growing Health Concerns Driving Global Demand for Plant-Based Milk Products

In critical market conditions caused by COVID-19, many consumers are re-evaluating their consumption and drinking habits, as they look to increase their immunity and improve health. Moreover, with the relaxation to work from home environments, people are now conscious about nature and its impact on overall levels of well-being. There is increased anxiety about wellness, immunization, and sustainability, which is attracting various individuals toward the plant-based milk products. However, due to limitations for manufacturing and work staff imbalance due to stringent government regulations to save lives, the production rate has been slowed down and the supply chain has been hindered amidst the pandemic. Nevertheless, rapid production of COVID-19 vaccines and speeding distribution across the world are expected to start all the businesses shortly. In addition, with rising health awareness across nations, the Asia Pacific plant-based milk market is expected to grow during the forecast period.

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Popularity of Coconut Milk Dates Back to Ancient Ceremonial Offerings in South East Asia

In recent years, there is a vast improvement in research and development in all sections of the plant-based product development. The demand of consumers has grown due to health and environmental benefits of these products. Moreover, people moving to urban areas and increasing urbanization in rural areas of Asia Pacific are accelerating the demand for plant-based products. Manufacturers are now focusing on products that address different needs of people's lifestyle, including energy boosts, reduce aging, fights fatigue and stress, and other health signifying products. These improvements in the variety of plant-based products are contributing to the growth of the Asia Pacific plant-based milk market. Furthermore, for people avoiding sugar, plant-based milk is available in unsweetened forms with natural sugars from nuts and seeds. The growing concerns with the effects of sugar are expected to drive the global plant-based milk market during the forecast period.

The range of plant-based milk products varies from soy, almond, coconut, oat, cashew, rice, to many others. Recent years have witnessed the growing popularity of almond and oat-based milk due to their nutritional values and unique taste properties. Almond milk is particularly famous for its heart-improving benefits, as they are rich in fiber, calcium, magnesium, riboflavin, and unsaturated fatty acids. However, of all the plant-based milk products, coconut milk has been used traditionally from ancient times in India and Southeast Asia as an ingredient for nutrition and ceremonial offerings, and drinking to health. With the growing demand for soy and coconut milk in Asia Pacific nations, manufacturers tried using several nuts and plants for milk, which, in time, developed a taste in consumers improving their global demand.

China to Dominate Asia Pacific Plant-based Milk Market in Near Future

Milk flavors and sweet forms of milk are growing rapidly among children and the young population to achieve health targets without hating to drink them. Moreover, apart from major business leaders, local milk brands are also expanding product flavors and plant-based alternatives in the region. In China, with favorable economic factors and increasing population, leading producers are constantly improving the range, quality, ingredients, flavors, and packaging to gain a competitive advantage. Currently, Asia Pacific dominates the vegetarian segment with an increasing number of individuals switching to a vegetarian diet. Additionally, there is a significant amount of increase in lactose malabsorption in South Asian countries as compared to other regions. People opting for dairy alternatives that are free from lactose has been increasing with the number of milk alternatives available in the market. Thus, the Asia Pacific plant-based milk market is expected to witness heavy growth during the forecast period.

The global plant-based milk market is currently going through an unprecedented level of competition and division, mainly driven by the increasing number of manufacturers switching to produce plant-based milk products and their growing demand. Moreover, increasing number of people with a vegetarian diet and rising consumption of plant-based diets have also led to the adaption of plant-based milk products. The growing popularity of soy milk, almond milk, and coconut milk are also contributing to the global market growth. Moreover, rising demand for almond and oat-based beverages and growing health consciousness in the Asia Pacific are contributing to the development of the Asia Pacific plant-based milk market, which is expected to surpass US$ 19.8 Bn by 2031, at a CAGR of 10.7% during the forecast period.

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Analysts’ Viewpoint

The plant-based milk market in the Asia Pacific is principally driven by the desire for nutritious and healthful beverages, which is provoking customers to turn to nutrient-rich milk products. Plant-based products can be a relief for people with lactose issues. In addition, rising workload, urbanization, and increasing pace of modern life are influencing consumers to buy ready-to-drink (RTD) beverages. Moreover, the growing eagerness to try various flavors and tastes among consumers is also boosting the market growth during the forecast period. However, many of these plant-based milk drinks lack nutritional balance when compared to cow’s milk. Nevertheless, producers are focusing on providing bovine milk nutrients with the development and advancements of products shortly, which are expected to propel the Asia Pacific plant-based milk market during the forecast period.

Asia Pacific Plant-based Milk Market: Overview

  • The plant-based milk market value in India is estimated to value over ~US$ 900 Mn in 2021, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is expected to surpass US$ 2.7 Bn by 2031, at CAGR of 11.8% in India.
  • The revenue from the China plant-based milk market is estimated to be over US$ 3.8 Bn in 2021, and is expected to cross US$ 10.7 Bn by the end of 2031
  • Health concerns around obesity, heart health, and seeking health lifestyle are some of the key aspects shaping the popularity of food and beverage products or redefining food culture with growing interest in natural and healthy food products. This factor is expected to propel the plant-based milk market in the Asia Pacific.
  • Several consumers suffer from lactose intolerance and milk allergies. For instance, lactose intolerance is estimated to affect 30% of the global population, which varies from country to country. Dairy-based beverages contain allergen, which causes adverse effects and allergies. With increasing number of people with lactose intolerance, consumers are seeking allergen-free milk that is expected to propel the plant-based milk market.
  • In developing countries such as India and China, consumers are more inclined toward buying value-added products, preferably with natural ingredients, organic, plant-based, and other alternatives owing to the rising disposable income

Asia Pacific Plant-based Milk Market: Frontrunners

  • In terms of type, soy milk is estimated to account for the highest market value share in 2021, owing to high protein content and popularity among consumers
  • The online retail sale of plant-based milk products is expected to show higher growth at a CAGR of 13.1% during the forecast period. Rising health-consciousness, along with growing consumer shift toward plant-based diets is positively impacting market growth.
  • The spread of COVID-19 has hampered supply chain management and manufacturing operations, which has resulted in a slowdown of plant-based milk production and created a supply-demand gap. However, with the pandemic situation, consumers are inclining toward natural alternatives.

Asia Pacific Plant-based Milk Market: Dynamics

  • Growing consumption of lactose-free milk:Lactose intolerance has become one of the major concerns in the food & beverage industry, which has led to the rise in the consumption of lactose-free milk across the world. The lack of digestion of lactose by consumers has led them to use plant-based milk products. Plant milk is free from lactase and does not lead to any allergic reaction. Manufacturers are also focusing on offering lactose-free plant-based milk products. More such launched products include almond-based, oat-based, and coconut-based milk products.
    • In February 2019, Hiland Dairy launched the new chocolate lactose-free milk product. The product is available in half gallon size. It contains essential vitamins and minerals. The company has launched the product as per the growing demand for flavorful and lactose-free dairy products.
  • Consumers adopting plant-based products: Regardless of what consumer’s think of taste and nutrition of plant-based milk products, they are leaning toward plant-based eating habits. As consumers are increasingly familiarizing meat alternative products, the trend is also being similarly followed for dairy products. The substantial rise in awareness regarding the health and environmental benefits of plant-based food products has also flourished the demand for various plant-based milk products. The significant impact of consumers’ desirable demand for plant-based milk has led to an unexpected rise in the launch of plant-based milk products from the past few years.
    • For instance, in June 2020, Sproud, a Swedish pea-based milk provider has launched its product across North America
  • Dairy-free ready-to-drink beverages gaining traction: Ready-to-drink beverages are among the widely popular beverage products across the world, as consumers are getting the necessary combination of taste and nutrition. Since the adoption of the vegan diet is rising around the globe, manufacturers are increasingly offering dairy-free, ready-to-drink beverages to consumers. Availability of diverse flavors, unique taste, and essential nutrients have also created the favorable consumption portfolio of plant-based ready-to drink among consumers. Some of the products such as plant-based RTD coffee, tea, and others, which include flavors of vanilla, chocolate, barista, and orange, are becoming widely popular among consumers.
    • For instance, in October 2017, Starbucks announced the expected launch of plant-based ready-to-drink products. The company is mainly offering almond milk-based products such as bottled Frappuccino, a chilled coffee drink with almond milk.

Asia Pacific Plant-based Milk Market: Strategies

  • Plant-based milk are mostly manufactured from soy, almond, oat, coconut, and rice. Since the plant-based milk market is witnessing a rise; other innovative ingredients are also being used by manufacturers. High demand for health and nutritional products has led the players of plant-based milk to increase the product portfolio by launching different types of plant-based milk. Other nuts, including cashew, hazelnut, walnut, and macadamia nuts are used to produce plant-based milk. Whereas, different cereal and seed-based milk are also being launched in the market, including spelt, corn, hemp seeds, flax seeds, sesame seeds, sunflower seeds, and others.
    • For instance, Ripple Foods, a California-based company, specializes in the manufacturing and marketing of peas-based milk products

Asia Pacific Plant-based Milk Market: Players

  • Some of the prominent market players operating in Asia Pacific plant-based milk market are
    • Groupe Danone
    • The Hain Celestial Group Inc.
    • Vitasoy International Holdings Limited
    • SunOpta Inc.
    • Pacific Foods of Oregon, Inc.
    • Goya Foods
    • Blue Diamond Growers, Inc.
    • Califia Farms
    • Oatly
    • Sanitarium
    • Natura Foods
    • among others

Asia Pacific Plant-based Milk Market – Segmentation

TMR’s study on the plant-based milk market offers information divided into important segments — type, end use, flavor, distribution channel, and country. This report offers a comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

Type
  • Soy
  • Almond
  • Coconut
  • Rice
  • Oat
  • Others
End Use
  • Food & Beverage Industry
    • Bakery & Confectionary
    • Dairy & Desserts
    • Infant Formula
  • Retail/Household
  • Foodservice Industry
Flavor
  • Original/Unflavored
  • Flavored
    • Chocolate
    • Vanilla
    • Berries
    • Coffee
    • Hazelnut
    • Others
Distribution Channel
  • Business to Business
  • Business to Consumer
    • Hypermarkets/Supermarkets
    • Specialty Stores
    • Online Retail
Country
  • China
  • India
  • Japan
  • ASEAN
  • Australia & New Zealand
  • Rest of Asia Pacific

1. Executive Summary

    1.1. Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. TMR Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends 

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

5. Asia Pacific Plant-based Milk Market Demand Analysis 2016–2020 and Forecast, 2021–2031

    5.1. Historical Market Volume (Tons) Analysis, 2016–2020

    5.2. Current and Future Market Volume (Tons) Projections, 2021–2031

6. Asia Pacific Plant-based Milk Market - Pricing Analysis

    6.1. Regional Pricing Analysis  

    6.2. Average Pricing Analysis Benchmark

7. Asia Pacific Plant-based Milk Market Demand Analysis 2016–2020 and Forecast, 2021–2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2016–2020

    7.2. Current and Future Market Value (US$ Mn) Projections, 2021–2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors 

        8.1.1. Global GDP Growth Outlook 

        8.1.2. Global Industry Value Added 

        8.1.3. Global Urbanization Growth Outlook 

        8.1.4. Global Food Security Index Outlook

        8.1.5. Global Rank – Ease of Doing Business

        8.1.6. Global Rank – Trading Across Borders

    8.2. Impact of COVID-19 on Food & Beverage Industry 

        8.2.1. Manufacturer/Processors

        8.2.2. Supply Chain and Logistics

        8.2.3. Wholesalers/Traders

        8.2.4. Retailers

    8.3. COVID-19 Risk Assessment/Impact

    8.4. Global Beverage Industry Outlook

    8.5. Dairy Alternatives Market Outlook

    8.6. Global Consumer Product Outlook

    8.7. Vegan- An overview

    8.8. Production Overview by type

    8.9. Industry Value and Supply Chain Analysis 

    8.10. Key Certifications/Claims

    8.11. Key Regulations

    8.12. Market Dynamics

        8.12.1. Drivers

        8.12.2. Restraints

        8.12.3. Opportunity Analysis

    8.13. Forecast Factors - Relevance & Impact

9. Asia Pacific Plant-based Milk Market Analysis 2016–2020 and Forecast 2021–2031, By Type 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2016–2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2021–2031

        9.3.1. Native Starch 

        9.3.2. Modified Starch

        9.3.3. Clean Label

    9.4. Market Attractiveness Analysis By Type 

10. Asia Pacific Plant-based Milk Market Analysis 2016–2020 and Forecast 2021–2031, By End-use

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By End-use, 2016–2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End-use, 2021–2031

        10.3.1. Food & Beverage Industry

            10.3.1.1. Bakery & Confectionary

            10.3.1.2. Dairy & Desserts

            10.3.1.3. Infant Formula

        10.3.2. Retail/Household

        10.3.3. Foodservice Industry

    10.4. Market Attractiveness Analysis By End-use

11. Asia Pacific Plant-based Milk Market Analysis 2016–2020 and Forecast 2021–2031, By Flavor

    11.1. Introduction / Key Findings

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By End-use, 2016–2020

    11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Flavor, 2021–2031

        11.3.1. Unflavored/Original

        11.3.2. Flavored

            11.3.2.1. Chocolate

            11.3.2.2. Vanilla

            11.3.2.3. Berries

            11.3.2.4. Coffee

            11.3.2.5. Hazelnut

            11.3.2.6. Others

    11.4. Market Attractiveness Analysis By Flavor

12. Asia Pacific Plant-based Milk Market Analysis 2016–2020 and Forecast 2021–2031, By Distribution Channel

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By End-use, 2016–2020

    12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Distribution Channel, 2021–2031

            12.3.1.1. Business to Business

            12.3.1.2. Business to Consumer

                12.3.1.2.1. Hypermarkets/Supermarkets

                12.3.1.2.2. Convenience Stores

                12.3.1.2.3. Specialty Stores

                12.3.1.2.4. Online Retail

    12.4. Market Attractiveness Analysis By Distribution Channel

13. Asia Pacific Plant-based Milk Market Analysis 2016–2020 and Forecast 2021–2031, by Country

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Analysis By Country, 2016–2020

    13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Country, 2021–2031

        13.3.1. China

        13.3.2. India

        13.3.3. Japan

        13.3.4. ASEAN

        13.3.5. Australia & New Zealand

        13.3.6. Rest of Asia Pacific

    13.4. Market Attractiveness Analysis By Country

14. Market Structure Analysis

    14.1. Market Analysis by Tier of Companies 

    14.2. Market Concentration

    14.3. Market Presence Analysis

15. Competition Analysis

    15.1. Competition Dashboard

    15.2. Competition Deep Dive 

        15.2.1. Groupe Danone

            15.2.1.1. Overview

            15.2.1.2. Product Portfolio

            15.2.1.3. Sales Footprint

            15.2.1.4. Key Developments

            15.2.1.5. Strategy Overview

            15.2.1.6. Financial Overview 

        15.2.2. The Hain Celestial Group Inc 

            15.2.2.1. Overview

            15.2.2.2. Product Portfolio

            15.2.2.3. Sales Footprint

            15.2.2.4. Key Developments

            15.2.2.5. Strategy Overview

            15.2.2.6. Financial Overview 

        15.2.3. Vitasoy International Holdings Limited

            15.2.3.1. Overview

            15.2.3.2. Product Portfolio

            15.2.3.3. Sales Footprint

            15.2.3.4. Key Developments

            15.2.3.5. Strategy Overview

            15.2.3.6. Financial Overview 

        15.2.4. McCormick & Co. 

            15.2.4.1. Overview

            15.2.4.2. Product Portfolio

            15.2.4.3. Sales Footprint

            15.2.4.4. Key Developments

            15.2.4.5. Strategy Overview

            15.2.4.6. Financial Overview 

        15.2.5. Sunopta Inc

            15.2.5.1. Overview

            15.2.5.2. Product Portfolio

            15.2.5.3. Sales Footprint

            15.2.5.4. Key Developments

            15.2.5.5. Strategy Overview

            15.2.5.6. Financial Overview

        15.2.6. Pacific Foods of Oregon, Inc

            15.2.6.1. Overview

            15.2.6.2. Product Portfolio

            15.2.6.3. Sales Footprint

            15.2.6.4. Key Developments

            15.2.6.5. Strategy Overview

            15.2.6.6. Financial Overview

        15.2.7. Goya Foods

            15.2.7.1. Overview

            15.2.7.2. Product Portfolio

            15.2.7.3. Sales Footprint

            15.2.7.4. Key Developments

            15.2.7.5. Strategy Overview

            15.2.7.6. Financial Overview

        15.2.8. Blue Diamond Growers, Inc.

            15.2.8.1. Overview

            15.2.8.2. Product Portfolio

            15.2.8.3. Sales Footprint

            15.2.8.4. Key Developments

            15.2.8.5. Strategy Overview

            15.2.8.6. Financial Overview

        15.2.9. Califia Farms

            15.2.9.1. Overview

            15.2.9.2. Product Portfolio

            15.2.9.3. Sales Footprint

            15.2.9.4. Key Developments

            15.2.9.5. Strategy Overview

            15.2.9.6. Financial Overview

        15.2.10. Ripple Foods

            15.2.10.1. Overview

            15.2.10.2. Product Portfolio

            15.2.10.3. Sales Footprint

            15.2.10.4. Key Developments

            15.2.10.5. Strategy Overview

            15.2.10.6. Financial Overview

        15.2.11. Oatly

            15.2.11.1. Overview

            15.2.11.2. Product Portfolio

            15.2.11.3. Sales Footprint

            15.2.11.4. Key Developments

            15.2.11.5. Strategy Overview

            15.2.11.6. Financial Overview

        15.2.12. Sanitarium

            15.2.12.1. Overview

            15.2.12.2. Product Portfolio

            15.2.12.3. Sales Footprint

            15.2.12.4. Key Developments

            15.2.12.5. Strategy Overview

            15.2.12.6. Financial Overview

        15.2.13. Ecomil

            15.2.13.1. Overview

            15.2.13.2. Product Portfolio

            15.2.13.3. Sales Footprint

            15.2.13.4. Key Developments

            15.2.13.5. Strategy Overview

            15.2.13.6. Financial Overview

        15.2.14. Hiland Dairy

            15.2.14.1. Overview

            15.2.14.2. Product Portfolio

            15.2.14.3. Sales Footprint

            15.2.14.4. Key Developments

            15.2.14.5. Strategy Overview

            15.2.14.6. Financial Overview

        15.2.15. The Bridge s.r.l.

            15.2.15.1. Overview

            15.2.15.2. Product Portfolio

            15.2.15.3. Sales Footprint

            15.2.15.4. Key Developments

            15.2.15.5. Strategy Overview

            15.2.15.6. Financial Overview

        15.2.16. Others (on Additional request)

16. Assumptions and Acronyms Used

17. Research Methodology

List of Tables

Table 01: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast by Type, 2016-2031

Table 02: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast by Type, 2016-2031

Table 03: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast By End-use, 2016-2031

Table 04: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast By End-use, 2016-2031

Table 05: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast By Food & Beverage Industry Segment, 2016-2031

Table 06: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast By Food & Beverage Industry Segment, 2016-2031

Table 07: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast By Flavor, 2016-2031

Table 08: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast by Flavor, 2016-2031

Table 09: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast by Flavored Segment, 2016-2031

Table 10: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast by Flavored Segment, 2016-2031

Table 11: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis and Forecast by Country, 2016-2031

Table 12: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis and Forecast by Country, 2016-2031

List of Figures

Figure 01: Asia Pacific Plant-based Milk Market Value (US$ Mn) Forecast, 2021–2031

Figure 02: Asia Pacific Plant-based Milk Market Volume (Tons) Forecast, 2021–2031

Figure 03: Asia Pacific Plant-based Milk Market Value Share Analysis by Type, 2021 E

Figure 04: Asia Pacific Plant-based Milk Market Y-o-Y Growth Rate by Type, 2021-2031

Figure 05: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis & Forecast by Type, 2021–2031

Figure 06: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis & Forecast by Type, 2021–2031

Figure 07: Asia Pacific Plant-based Milk Market Value Share Analysis By End-use, 2021 E

Figure 08: Asia Pacific Plant-based Milk Market Y-o-Y Growth Rate By End-use, 2021-2031

Figure 09: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis & Forecast By End-use, 2021–2031

Figure 10: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis & Forecast By End-use, 2021–2031

Figure 11: Asia Pacific Plant-based Milk Market Value Share Analysis By Flavor, 2021 E

Figure 12: Asia Pacific Plant-based Milk Market Y-o-Y Growth Rate By Flavor, 2021-2031

Figure 13: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis & Forecast By Flavor, 2021–2031

Figure 14: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis & Forecast By Flavor, 2021–2031

Figure 15: Asia Pacific Plant-based Milk Market Value Share Analysis By Distribution Channel, 2021 E

Figure 16: Asia Pacific Plant-based Milk Market Y-o-Y Growth Rate By Distribution Channel, 2021-2031

Figure 17: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis & Forecast By Distribution Channel, 2021–2031

Figure 18: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis & Forecast By Distribution Channel, 2021–2031

Figure 19: Asia Pacific Plant-based Milk Market Value Share Analysis By Country, 2021 E

Figure 20: Asia Pacific Plant-based Milk Market Y-o-Y Growth Rate By Country, 2021-2031

Figure 21: Asia Pacific Plant-based Milk Market Value (US$ Mn) Analysis & Forecast By Country, 2021–2031

Figure 22: Asia Pacific Plant-based Milk Market Volume (Tons) Analysis & Forecast By Country, 2021–2031

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Plant-based Milk Market