{"id":6272,"date":"2021-04-09T17:35:10","date_gmt":"2021-04-09T12:05:10","guid":{"rendered":"https:\/\/niir.org\/blog\/?p=6272"},"modified":"2021-04-09T17:35:10","modified_gmt":"2021-04-09T12:05:10","slug":"plant-based-milk-product-business-in-india","status":"publish","type":"post","link":"https:\/\/www.niir.org\/blog\/plant-based-milk-product-business-in-india\/","title":{"rendered":"Plant-Based Milk Product Business in India"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone  wp-image-6273\" src=\"https:\/\/niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb-300x169.jpg\" alt=\"\" width=\"591\" height=\"333\" srcset=\"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb-300x169.jpg 300w, https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb.jpg 610w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Consumers all over the world are avoiding dairy due to a growing knowledge of global problems such as <strong>animal welfare<\/strong>, the environmental effects of milk, elevated levels of dairy allergy, and other health concerns.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related Project: <\/strong><a href=\"https:\/\/www.niir.org\/profile-project-reports\/profile\/3383\/soya-milk-from-soyabean.html\"><strong>Soya Milk From Soyabean<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>This shift in customer preferences, along with major industry players&#8217; creative product creation strategies, has resulted in massive market growth. In terms of <strong>global sales<\/strong>, it is estimated at $16,130.9 million in 2019 and is expected to hit $41,061 million in 2025, representing a 16.7% CAGR between 2020 and 2025. <strong>Soy milk<\/strong> and <strong>almond milk<\/strong> both accounted for about 40% of <strong>global industry<\/strong> sales in 2019.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Rice, oat, hazelnut, almond,<\/strong> and even <strong>pea plant milk<\/strong> accounted for the remaining 20%. These global percentages are expected to remain relatively stable by 2025, with almond gaining a few percentage points on soy.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related Project: <\/strong><a href=\"https:\/\/www.niir.org\/profile-project-reports\/profile\/3378\/processing-milk-milk-products.html\"><strong>Processing Of Milk And Milk Products<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Growing Demand of Plant-Based Milk Market <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-6276\" src=\"https:\/\/niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb2-300x162.png\" alt=\"\" width=\"672\" height=\"363\" srcset=\"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb2-300x162.png 300w, https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb2.png 502w\" sizes=\"(max-width: 672px) 100vw, 672px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The <strong>demand for<\/strong> <strong>plant milk<\/strong> surpassed USD 12 billion in 2019 and is expected to grow at a rate of over 11% between 2020 and 2026. The demand is growing due to rising customer understanding of <strong>vegan diets<\/strong> and the health benefits they have.<\/p>\n<p>&nbsp;<\/p>\n<p>When compared to its larger counterpart, the <strong>dairy sector<\/strong>, which is valued at $140 billion, India&#8217;s demand for milk alternatives is still limited, estimated at $25 million. Analysts, on the other hand, are bullish about its future, estimating that it will rise at a CAGR of 30% over the next five years.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Plant-based milk<\/strong> has the same color as milk and is a <strong>vegan alternative<\/strong> to <strong>dairy milk<\/strong>. <strong>Almond milk<\/strong> is high in vitamin E, which can help prevent heart disease and stroke. With the growing trend for sweetened formulations around the world, the market for plant milk is growing.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Plant milk<\/strong>, which is made up of extracts from <strong>soy, almonds, coconuts, oats,<\/strong> and <strong>rice<\/strong>, is a great <strong>alternative to dairy<\/strong> and other <strong>animal milk <\/strong>on the market. <strong>Plant milk<\/strong> is popular with consumers because of its <strong>high nutritional value<\/strong>, which includes <strong>vitamins, minerals, carbohydrates,<\/strong> and <strong>proteins<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>It has a variety of uses in the <strong>food and beverage industry<\/strong>, as well as the <strong>dairy and cosmetic industries<\/strong>. Increasing understanding of <strong>plant milk<\/strong> and its nutritional benefits is expected to drive <strong>demand for plant milk<\/strong> during the forecast era.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related books:- <\/strong><a href=\"https:\/\/niir.org\/books\/books\/food-processing-food-industry-agriculture-agro-processing-processed-food-cereal-food-fruits-vegetables-bakery-confectionery-milk-dairy-meat-fisheries-spices-oils-fats-coconut-tea-tobacco-based-products\/z,,a,23,0,a\/index.html\"><strong>Food Processing, Food Industry, Agriculture, Agro Processing, Processed Food<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Applications of Plant Milk <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" class=\"alignnone  wp-image-6275\" src=\"https:\/\/niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb3-300x160.jpg\" alt=\"\" width=\"686\" height=\"366\" srcset=\"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb3-300x160.jpg 300w, https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb3.jpg 307w\" sizes=\"(max-width: 686px) 100vw, 686px\" \/><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>In the <strong>food and beverage industry<\/strong>, <strong>plant-based milk<\/strong> is widely used. It&#8217;s used in a variety of items for flavoring and fragrance.<\/li>\n<li><strong>Calcium, basic minerals, Omega-3 fatty acid, and vitamins A, <\/strong>D, and <strong>B12 <\/strong>are among the nutrients contained in it. Due to strong customer demand, the industry forecast would like to be changed.<\/li>\n<li>Furthermore, lactose intolerance in infants is one of the major factors driving <strong>plant-based<\/strong> <strong>milk market<\/strong><\/li>\n<li>Since <strong>dairy milk<\/strong> produces a higher proportion of lactose than <strong>plant-based milk<\/strong>, it can induce a variety of symptoms such as bloating, diarrhea, and abdominal cramps, which would boost the industry outlook.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Global Market for Plant Milk <\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-6274\" src=\"https:\/\/niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb4-300x145.png\" alt=\"\" width=\"650\" height=\"314\" srcset=\"https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb4-300x145.png 300w, https:\/\/www.niir.org\/blog\/wp-content\/uploads\/2021\/04\/pb4.png 600w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Over 2026, the <strong>global soy plant milk market <\/strong>is projected to rise at a CAGR of more than 11%. <strong>Soy milk<\/strong> has the largest market share and is the consumer&#8217;s first choice thanks to its nutritional benefits, excellent taste, and wide range of flavors available. The market share of almond milk, on the other hand, is rapidly the, with a market share of about 40% due to the low-fat content and flavors.<\/p>\n<p>&nbsp;<\/p>\n<p>Due to an increasing understanding of <strong>sugar-free<\/strong> and <strong>gluten-free products<\/strong>, the <strong>global plant milk demand<\/strong> from the unsweetened formulation is expected to reach USD 12 billion by 2026, fueling market forecasts during the forecast era. <strong>Sugar-free milk<\/strong> keeps diabetic wellbeing safe and protects against heart disease, fueling market forecasts during the forecast period.<\/p>\n<p>In 2019, mainstream retailers had about 79 percent of the market share. Plant-based demand expansion would be supported by an increase in retail stores across the world as a result of rising disposable income. Consumers often enjoy convenient shopping, which is a key factor behind market dynamics.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Related videos:- <\/strong><a href=\"https:\/\/youtube.com\/playlist?list=PL61bSU5tvb-VXKoCG3pd7C5EFwnbo5vWC\"><strong>Food Processing and Agriculture Based Projects<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><em>NPCS has served hundreds of thousands of clients, our experience in Techno-economic feasibility report, Integrated market study, Pre-feasibility study, and Comprehensive market survey for estimating the potential for Products, combined with our deep understanding of engagement issues across a wide array of industries, has resulted in an extensive and rich portfolio.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>PM_Art2021<\/p>\n","protected":false},"excerpt":{"rendered":"&nbsp; Consumers all over the world are avoiding dairy due to a growing knowledge of global problems such&hellip;","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":8,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":""},"categories":[39,44,40],"tags":[832,837,845,859,865,1530,1813,2017,2153,2159,2174,2175,2177,2191,2820,5083,5087,5095,9420],"industry":[12316,12349],"class_list":["post-6272","post","type-post","status-publish","format-standard","category-business-opportunities","category-project-reports","category-business-plan","tag-businessconsultant","tag-businessestostart","tag-businessideas","tag-businessopportunity","tag-businessplan","tag-detailedprojectreport","tag-entrepreneurindia","tag-feasibilityreport","tag-foodindustrial","tag-foodmanufacturing","tag-foodprocessing","tag-foodprocessingbusiness","tag-foodprocessingindustry","tag-foodstartup","tag-industrialproject","tag-startupbusiness","tag-startupbusinessideas","tag-startupideas","tag-npcs","industry-food-processing-and-agriculture-projects","industry-milk-dairy-products","cs-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Plant-Based Milk Product Business in India - Niir Project Consultancy Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.niir.org\/blog\/plant-based-milk-product-business-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Plant-Based Milk Product Business in India - Niir Project Consultancy Services\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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