Plant-based milk is a non-dairy alternative beverage manufactured by the plant protein concentrates for palatable taste preferences and added flavours. The plant-based milk is derived from almond, soy, coconut, soy, cashew, oat, hemp, quinoa, and many more. It consists of essential amino acids like methionine, valine, leucine, and lysine, vitamins, omega-3 fattyacids, as well as additional fortified minerals that deliver nutritious value in the body. Plant-based milk inculcates colouring agents, unique aroma, and smooth texture for a varied range of products. There are two ways of processing methods exhibits dry and wet process which validate the enzymatic balances activity, blanching, homogenization, and ultra-high temperature processing, andmany more reinforce the distribution channel mechanics.
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Growing awareness related to the health benefits in the consumption of plant-based milk is one of the critical factors that will boost the growth of the Europe plant-based milk market. Besides, the plant-based milk reduces the epidemic possibility of obesity, cardiovascular diseases, diabetes, hypertension, cholesterol, irresistible bowel syndrome, indigestion, nausea, Alzheimer’s, and neurological disorder, which will further inculcate the market. Also, the rising number of lactose intolerance patients accepting veganmilk for minimum inflammation and allergies will boost the plant-based milk market. Moreover, plant-based milk minimizes the chances of greenhouse gasemission, and maintenance of ecological food-chain will escalate the market. The carbon foot print is smaller in plant-based milk products comparatively to the animal-based milk, which will further witness a lucrative growth ofplant-based milk. Furthermore, many micronutrients are missing during the laboratory-based procedure, which will get blended in addition to fortified vitamins, minerals, as well as sweeteners for more palatable taste, which is a major restraint of the plant-based milk.
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Various notable players operating in the market, include Blue Diamond Growers, Earth’s Own Foods Company, Danone S.A., Califia Farms, OatlyAB, Elmhurst Milked Direct LLC, Daiya Foods, Inc. (Acquired by Otsuka HoldingsCo. Ltd.), Pacific Foods Oregon, LLC (Acquired by Campbell Soup Company), Goya Foods, Rude Health among others. Main leading players facilitates wider product portfolio, nutritional value for manifest distribution worldwide.
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The Europe Plant-based Milk Market has been segmented based on product type,category, formulation and end-user. Based on product type, the market is segmented almond milk, soy milk, coconut milk, oat milk, cashew milk, rice milk, quinoa milk, hemp milk and others. On the basis of category type, the market is categorized into refrigerated and shelf stable. Based on formulation type, the market is segmented regular and flavoured. On the basis of method type, the market is categorized into dry process and wet process. Based on packaging type, the market is segmented into can, bottle, tetra pak, jar and gallon. On the basis of end user type, the market is categorized into online stores, super markets, conventional stores and others.
Key questions answered in this research report:
· At what pace is Europe plant-based milk market growing? What will be the growth trend in the future?
· What are the key drivers andrestraints in the current market? What will be the impact of drivers and restraints in the future?
· What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Europe plant-based milk market?
· What are the various application areas and how they are poised to grow?
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