Summary

The global plant-based milk market is experiencing rapid growth, fueled by increasing consumer demand for dairy alternatives. According to market projections, the plant-based milk market is expected to grow at a value-based CAGR of 10.0%, with revenue increasing from USD 16.27 billion to approximately USD 31.8 billion by 2031. The growing preference for sustainable and ethical food choices, alongside rising health consciousness, is driving this market expansion.

The rise of veganism and a shift in dietary habits toward sustainable alternatives have significantly influenced the plant-based milk market. Consumers are increasingly favoring plant-based products such as almond milk, oat milk, and soy milk, primarily driven by health benefits, ethical concerns, and a growing awareness of environmental sustainability. These factors have boosted the demand for plant-based milk products across the globe, with businesses expanding their portfolios to meet the changing preferences.

Key players in the industry, such as Vitasoy International Holdings Limited and Arla Foods, have introduced new product lines, focusing on fresh plant-based milk varieties like oat and almond milk to cater to growing demand. For example, Vitasoy’s Fresh Vitasoy Plant+ range and Arla Foods' launch of oat drinks reflect the industry's response to shifting consumer preferences.

Drivers of Growth

Several key factors are driving the growth of the plant-based milk market:

1.Rising Health Consciousness

As consumers become more health-conscious, many are reducing their consumption of animal-based products. The demand for lactose-free and digestive-friendly milk alternatives, such as almond, oat, and coconut milk, is on the rise. Plant-based milk is also gaining traction for its nutritional benefits, offering vitamins, protein, and fiber.

2.Sustainability Concerns

Consumers are increasingly focused on sustainability and are looking for eco-friendly food options. Plant-based milk offers a more sustainable alternative to dairy milk, contributing to its growing popularity. The ethical sourcing of raw materials and the reduction of environmental impact are becoming critical decision-making factors for buyers.

3.Lactose Intolerance and Digestive Health

With a significant portion of the global population suffering from lactose intolerance and digestive issues, plant-based milk is emerging as a popular alternative. According to the National Institutes of Health, 60-70% of the East Asian population experiences lactose intolerance, creating a large potential market for dairy alternatives in this region.

Business Opportunity

The increasing demand for plant-based milk presents a lucrative opportunity for manufacturers to diversify their product offerings and expand their operations globally. The business-to-business (B2B) distribution channel is expected to witness growth at a CAGR of 9.3%, while the demand for plant-based milk through online retail and hypermarkets/supermarkets is rising. This expansion in distribution channels is expected to boost overall market sales.

Manufacturers are also investing in research and development (R&D) to create new flavors and improve the nutritional profile of plant-based milk. The growing consumer demand for innovative and tasty plant-based beverages is driving product differentiation and quality enhancement efforts by market leaders.

Regional Insights

1.North America and Europe

Europe, particularly Germany, is showing a strong growth trajectory with a value-based CAGR of 8.2%, as consumers in this region increasingly shift towards plant-based diets. Meanwhile, in North America, the rising trend of health-consciousness and veganism is driving demand for plant-based dairy alternatives.

2.East Asia

China holds a significant market share in the East Asian region, with a growth rate of 10.7%. The country’s rising health awareness and increasing demand for convenient, nutritious food options are key factors contributing to the market’s expansion. As more consumers adopt plant-based diets, the demand for products like soy milk, almond milk, and oat milk is expected to surge.

Key Players

Several major companies dominate the plant-based milk market, focusing on product innovation and expanding their global footprint. Some of the key players in this space include:

•Groupe Danone

•The Hain Celestial Group Inc.

•Vitasoy International Holdings Limited

•McCormick & Company

•SunOpta Inc.

•Pacific Foods of Oregon, Inc.

•Blue Diamond Growers, Inc.

•Califia Farms

•Ripple Foods

•Oatly

•Earth’s Own Food Company Inc.

These companies are prioritizing R&D investments to develop new plant-based milk variants, address nutritional concerns, and cater to the evolving preferences of health-conscious consumers. Additionally, they are expanding their global presence to tap into the growing demand for plant-based dairy alternatives.

Plant-based Milk Market Segmentation

By Product Type:

•Soy

•Almond

•Coconut

•Rice

•Oat

•Others

By End User:

•Food & Beverage Industry

oBakery & Confectionery

oDairy & Desserts

oInfant Formula

•Retail/Household

•Foodservice Industry

By Distribution Channel:

•Business to Business

•Business to Consumer

oHypermarkets/Supermarkets

oConvenience Stores

oSpecialty Stores

•Online Retail

By Region:

•North America

•Latin America

•Europe

•South Asia & Pacific

•East Asia

•Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Plant-based Milk Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Plant-based Milk Market Outlook, 2019 - 2031
3.1. Global Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. Soy
3.1.1.2. Almond
3.1.1.3. Coconut
3.1.1.4. Rice
3.1.1.5. Oat
3.1.1.6. Others
3.2. Global Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. Business to Business
3.2.1.2. Business to Consumer
3.2.1.2.1. Hypermarkets/Supermarkets
3.2.1.2.2. Convenience Stores
3.2.1.2.3. Specialty Stores
3.2.1.2.4. Online Retail
3.3. Global Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Food & Beverage Industry
3.3.1.1.1. Bakery & Confectionery
3.3.1.1.2. Dairy & Desserts
3.3.1.1.3. Infant Formula
3.3.1.2. Retail/Household
3.3.1.3. Foodservice Industry
3.4. Global Plant-based Milk Market Outlook, by Region, Value (US$ Bn) and Volume (Meter), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America Plant-based Milk Market Outlook, 2019 - 2031
4.1. North America Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Soy
4.1.1.2. Almond
4.1.1.3. Coconut
4.1.1.4. Rice
4.1.1.5. Oat
4.1.1.6. Others
4.2. North America Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Business to Business
4.2.1.2. Business to Consumer
4.2.1.2.1. Hypermarkets/Supermarkets
4.2.1.2.2. Convenience Stores
4.2.1.2.3. Specialty Stores
4.2.1.2.4. Online Retail
4.3. North America Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Food & Beverage Industry
4.3.1.1.1. Bakery & Confectionery
4.3.1.1.2. Dairy & Desserts
4.3.1.1.3. Infant Formula
4.3.1.2. Retail/Household
4.3.1.3. Foodservice Industry
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America Plant-based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1.2. U.S. Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1.3. U.S. Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1.4. Canada Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1.5. Canada Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.1.6. Canada Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Plant-based Milk Market Outlook, 2019 - 2031
5.1. Europe Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Soy
5.1.1.2. Almond
5.1.1.3. Coconut
5.1.1.4. Rice
5.1.1.5. Oat
5.1.1.6. Others
5.2. Europe Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Business to Business
5.2.1.2. Business to Consumer
5.2.1.2.1. Hypermarkets/Supermarkets
5.2.1.2.2. Convenience Stores
5.2.1.2.3. Specialty Stores
5.2.1.2.4. Online Retail
5.3. Europe Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. Food & Beverage Industry
5.3.1.1.1. Bakery & Confectionery
5.3.1.1.2. Dairy & Desserts
5.3.1.1.3. Infant Formula
5.3.1.2. Retail/Household
5.3.1.3. Foodservice Industry
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe Plant-based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.2. Germany Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.3. Germany Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.4. U.K. Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.5. U.K. Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.6. U.K. Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.7. France Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.8. France Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.9. France Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.10. Italy Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.11. Italy Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.12. Italy Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.13. Turkey Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.14. Turkey Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.15. Turkey Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.16. Russia Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.17. Russia Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.18. Russia Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.19. Rest of Europe Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.20. Rest of Europe Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.1.21. Rest of Europe Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Plant-based Milk Market Outlook, 2019 - 2031
6.1. Asia Pacific Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Soy
6.1.1.2. Almond
6.1.1.3. Coconut
6.1.1.4. Rice
6.1.1.5. Oat
6.1.1.6. Others
6.2. Asia Pacific Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Business to Business
6.2.1.2. Business to Consumer
6.2.1.2.1. Hypermarkets/Supermarkets
6.2.1.2.2. Convenience Stores
6.2.1.2.3. Specialty Stores
6.2.1.2.4. Online Retail
6.3. Asia Pacific Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Food & Beverage Industry
6.3.1.1.1. Bakery & Confectionery
6.3.1.1.2. Dairy & Desserts
6.3.1.1.3. Infant Formula
6.3.1.2. Retail/Household
6.3.1.3. Foodservice Industry
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific Plant-based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. China Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.2. China Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.3. China Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.4. Japan Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.5. Japan Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.6. Japan Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.7. South Korea Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.8. South Korea Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.9. South Korea Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.10. India Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.11. India Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.12. India Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.13. Southeast Asia Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.14. Southeast Asia Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.15. Southeast Asia Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.16. Rest of Asia Pacific Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.17. Rest of Asia Pacific Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.1.18. Rest of Asia Pacific Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Plant-based Milk Market Outlook, 2019 - 2031
7.1. Latin America Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Soy
7.1.1.2. Almond
7.1.1.3. Coconut
7.1.1.4. Rice
7.1.1.5. Oat
7.1.1.6. Others
7.2. Latin America Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Business to Business
7.2.1.2. Business to Consumer
7.2.1.2.1. Hypermarkets/Supermarkets
7.2.1.2.2. Convenience Stores
7.2.1.2.3. Specialty Stores
7.2.1.2.4. Online Retail
7.3. Latin America Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Food & Beverage Industry
7.3.1.1.1. Bakery & Confectionery
7.3.1.1.2. Dairy & Desserts
7.3.1.1.3. Infant Formula
7.3.1.2. Retail/Household
7.3.1.3. Foodservice Industry
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America Plant-based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.2. Brazil Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.3. Brazil Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.4. Mexico Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.5. Mexico Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.6. Mexico Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.7. Argentina Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.8. Argentina Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.9. Argentina Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.10. Rest of Latin America Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.11. Rest of Latin America Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.1.12. Rest of Latin America Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Plant-based Milk Market Outlook, 2019 - 2031
8.1. Middle East & Africa Plant-based Milk Market Outlook, by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Soy
8.1.1.2. Almond
8.1.1.3. Coconut
8.1.1.4. Rice
8.1.1.5. Oat
8.1.1.6. Others
8.2. Middle East & Africa Plant-based Milk Market Outlook, by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Business to Business
8.2.1.2. Business to Consumer
8.2.1.2.1. Hypermarkets/Supermarkets
8.2.1.2.2. Convenience Stores
8.2.1.2.3. Specialty Stores
8.2.1.2.4. Online Retail
8.3. Middle East & Africa Plant-based Milk Market Outlook, by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Food & Beverage Industry
8.3.1.1.1. Bakery & Confectionery
8.3.1.1.2. Dairy & Desserts
8.3.1.1.3. Infant Formula
8.3.1.2. Retail/Household
8.3.1.3. Foodservice Industry
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa Plant-based Milk Market Outlook, by Country, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.2. GCC Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.3. GCC Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.4. South Africa Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.5. South Africa Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.6. South Africa Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.7. Egypt Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.8. Egypt Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.9. Egypt Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.10. Rest of Middle East & Africa Plant-based Milk Market by Product Type, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.11. Rest of Middle East & Africa Plant-based Milk Market by Distribution Channel, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.1.12. Rest of Middle East & Africa Plant-based Milk Market by End User, Value (US$ Bn) and Volume (Meter), 2019 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By End User vs by Distribution Channel Heat map
9.2. Manufacturer vs by Distribution Channel Heatmap
9.3. Company Market Share Analysis, 2024
9.4. Competitive Dashboard
9.5. Company Profiles
9.5.1. McCormick & Co.
9.5.1.1. Company Overview
9.5.1.2. Product Portfolio
9.5.1.3. Financial Overview
9.5.1.4. Business Strategies and Development
9.5.2. Sunopta Inc
9.5.3. Goya Foods
9.5.4. Blue Diamond Growers, Inc.
9.5.5. Califia Farms
9.5.6. Ripple Foods
9.5.7. Oatly
9.5.8. Sanitarium
9.5.9. Ecomil
9.5.10. Hiland Dairy
9.5.11. Natura Foods
9.5.12. Earth’s Own Food Company Inc
9.5.13. Edward & Sons
9.5.14. Chef’s Choice Food Manufacturer Company Limited
9.5.15. Liwayway Holdings Company Limited
9.5.16. Other Players
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations