Pea Milk Market
Pea Milk Market Analysis by Original Flavored, Vanilla Flavored, Chocolate Flavored, and Barista Flavored for Brick & Mortar Stores and Online Retail Channels from 2023 to 2033
Analysis of Pea Milk Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more.
Pea Milk Market Outlook (2023 to 2033)
The global pea milk market is estimated at US$ 51.55 billion in 2023 and is projected to expand at a robust CAGR of 13.1% to reach US$ 176.54 billion by 2033.
Plant-based milk replacements are becoming increasingly popular around the world, owing primarily to the growing demand for clean-label products. Today, customers all around the world are looking for organic and healthful drinks. Pea milk is a recent discovery in the dairy business, where manufacturers are looking for a low-cost solution to meet the world's expanding protein needs. Pea milk is made from yellow peas and contains the same amount of protein as cow milk, as well as significantly more protein than almond milk.
Milk produced from peas is less expensive, has a clear taste, and lacks the strong flavor seen in other plant-based dairy products in the market. Because of the widespread customer acceptability for pea milk, the market is expected to offer considerable growth prospects. Soy, almond, rice, coconut, oats, and other non-dairy milk options are already available in the market.
Increased health consciousness and disposable income and the introduction of healthy ingredients by various market competitors have contributed to the growth of the pea milk market. Rising cost of plant-based raw materials, as well as the intensive care required for pea production, are stifling the pea milk industry. The future expansion of the market is expected to be driven by the utilization of frozen peas as primary ingredients.
Several emerging enterprises are considering the potential of using pea milk as a substitute for infant formula (baby food), which presents a promising opportunity for growth in the pea milk industry in the future.
| Report Attributes | Details |
|---|---|
|
Pea Milk Market Size (2022) |
US$ 45.57 Million |
|
Estimated Market Value (2023) |
US$ 51.55 Million |
|
Forecasted Market Value (2033) |
US$ 176.54 Million |
|
Global Market Growth Rate (2023 to 2033) |
13.1% CAGR |
|
China Market Value (2033) |
US$ 16.06 Million |
|
China Market Growth Rate (2023 to 2023) |
11.1% CAGR |
|
Japan Market Value (2033) |
US$ 5.82 Million |
|
Japan Market Growth Rate (2023 to 2033) |
9.9% CAGR |
|
Key Companies Profiled |
Ripple Foods; Sproud; Bolthouse Farms; Snappea Foods; Qwrkee Foods Ltd.; Bayer AG; Abbott; DSM; DuPont; Amway; Nestle SA |
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Will the World See a Rise in the Consumption of Pea Milk?
“Growing Vegan Population and Widespread Demand for Plant-based Milk”
As more individuals are looking for plant-based milk, the pea milk industry is expected to grow. Because plant-based milk is produced naturally, there has been a surge in its consumption in recent years, and this trend is expected to continue during the forecast period. Health and nutrition experts are also advising consumers to switch to plant-based milk, which is helping the pea milk business grow in developed countries.
Increasing number of people are adopting veganism. Consumers in nations such as Canada are shifting away from animal products and toward plant-based foods that are produced naturally and are healthier and cleaner.
- In 2021, a record 500,000 people joined, more than double the previous year's figure. Veganuary encourages people to consume only plant-based cuisine for a month. Around 150,000 people from Latin America, 80,000 from the United States, and 50,000 from Germany participated in this year's global campaign.
"Increasing Prevalence of Lactose Intolerance and High Demand for Affordable Plant-Based Alternatives"
The increasing number of people with lactose intolerance worldwide, coupled with the need for affordable plant-based milk alternatives, is fueling the growth of the pea milk industry. The growing preference for pea milk as a substitute for dairy milk is contributing to the expansion of the market. Moreover, the environmentally sustainable production of pea milk, which can also be made at home at a reduced expense, serves as a significant catalyst for the market's promising growth in the coming years.
The growing number of vegan and diet-conscious consumers throughout the world is propelling the pea milk industry forward. Plant-based milk products are therefore gaining popularity in both developed and developing economies.
What are the Key Challenges Faced by Pea Milk Producers?
"Higher Cost of Pea Milk Compared to Conventional Dairy Products"
The price of pea milk is currently 30% higher than conventional dairy products due to increasing costs of raw materials and plant-based components, along with limited consumer acceptance of pea milk worldwide. Additionally, the significant consumption of dairy products by a large number of people and concerns regarding the quality of plant-based alternatives pose challenges to the acceptance of pea milk. Increasing advertising efforts for pea milk are expected to contribute to the future expansion of the market.
“Lack of Awareness of Benefits of Pea Milk and Limited Product Availability”
While there is tremendous demand for pea milk in North America and Europe, the awareness of its benefits remains limited in emerging markets. Educating people about the benefits of pea milk and overcoming cultural barriers continue to be significant hurdles.
Due to the complex production process and the cost of sourcing high-quality components, pea milk is more expensive than conventional dairy milk. This price discrepancy may dissuade price-conscious consumers from switching to pea milk.
Accessibility of pea milk products through retail stores and distribution channels is a concern in certain regions. Limited shelf space and the dominance of established dairy brands can make pea milk products less visible and accessible.
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Country-wise Insights
Why are Pea Milk Sales Rising across the United States?
"Increasing Prevalence of Obesity and Related Disorders Pushing Sales of Pea Milk"
Demand for pea milk in the United States is expected to increase at an impressive CAGR of 14.1% over the forecast period. The market in the United States is anticipated to reach US$ 70.97 million by the end of 2033. This is due to the large obese population in the United States. Obesity has forced people to eat cholesterol-free, naturally cooked plant-based foods.
The United States has emerged as a dominant player in the pea milk industry due to several factors, including the high prevalence of lactose intolerance, the presence of key market players, and strong consumer awareness of plant-based diets.
What are the Opportunities on Offer for Pea Milk Producers in Germany?
"Government Initiatives Supporting Adoption of Plant-based Diets"
Germany is expected to occupy a sizable market share. This is due to the large number of people who are sensitive to dairy-based milk products, as well as rising disposable income.
Introduction of pea milk by discount supermarkets in Germany is one of the primary causes driving the expansion of the European market. Products with fresh tastes and flavors are projected to open up prospects for market participants in the near future.
The country's emphasis on sustainable food options, as well as its expanding vegan population and government initiatives supporting plant-based diets, contribute to market expansion.
What are the Sales Growth Prospects for Pea Milk in China?
"Rising Health-consciousness Propelling Sales of Pea Milk"
Sales of pea milk in China are projected to reach US$ 16.06 million by the end of the forecast period.
The market in China is expanding, with more people becoming aware of the benefits of pea milk. Health-consciousness and a desire for organic products also contribute to market growth.
Anticipated enhancements in the taste and quality of pea milk are likely to create fresh economic prospects for the local market. In China, the competition within the pea milk market has been steadily intensifying in recent years, primarily due to the entry of several new companies into the market. These factors are expected to propel the growth of the market.
Category-wise Insights
Why are PET Bottles Extensively Used for Packaging Pea Milk?
"Recyclability of PET Bottles Driving Their Adoption for Pea Milk Packaging"
Demand for PET bottles designed for pea milk is anticipated to rise at a prolific CAGR of 11.7% over the projected period.
As the consumption of pea milk continues to rise, the industry is actively seeking sustainable packaging options to meet consumers’ expectations and reduce environmental impact. In this context, PET (polyethylene terephthalate) bottles have emerged as a promising solution for packaging pea milk.
PET bottles offer several advantages that make them suitable for the packaging of pea milk. First, PET is a lightweight and durable material, ensuring the safety and protection of the product throughout its shelf life. This characteristic is crucial, as pea milk requires proper preservation to maintain its freshness and nutritional qualities.
These bottles are transparent, allowing consumers to visually assess the product's quality and freshness before purchase. This transparency also aligns with the growing trend of transparency and ingredient awareness among consumers.
One of the key benefits of PET bottles is their recyclability. PET is highly recyclable, and the infrastructure for PET bottle recycling is well-established in many regions. This aligns with the industry's commitment to sustainable practices and supports the circular economy by reducing waste and conserving resources.
How are Individual Customers Expected to Contribute to Pea Milk Sales Growth?
"Increasing Focus of Manufacturers on Catering to Individual Customers with Specific Dietary Restrictions"
Adoption of pea milk by individual consumers is projected to increase at a robust CAGR of 14.3% over the projected timeframe.
Pea milk, a plant-based alternative to dairy milk, has gained significant traction among individual consumers worldwide. As more individuals are embracing a plant-based lifestyle, seeking healthier options, or addressing specific dietary needs, the market continues to expand.
The individual consumers segment represents a diverse range of individuals with varying preferences, motivations, and dietary requirements. By understanding and catering to their needs, companies in the pea milk industry can expand their profit margins.
Health-conscious consumers are a key demographic within the individual consumer segment. They prioritize nutrition, seek dairy alternatives, and actively choose plant-based products like pea milk to support their healthy lifestyle choices. These consumers value the nutritional profile of pea milk, including its high protein content, absence of cholesterol, and lower saturated fat content compared to dairy milk.
Another important consumer group is individuals with dietary restrictions or allergies, such as lactose intolerance or dairy allergies. For them, pea milk provides a convenient and palatable option that allows them to enjoy milk-like beverages without experiencing adverse reactions.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
The pea milk market has witnessed a surge in competition as more companies recognize the growing consumption of plant-based milk alternatives. As a result, the competitive landscape has become increasingly dynamic and diverse.
Companies strive to differentiate themselves through product innovation, introducing new flavors, fortified options, and improved taste profiles to attract a wider consumer base. Effective branding and marketing campaigns play a crucial role in capturing consumers’ attention and building brand loyalty. Companies invest in marketing strategies that highlight the unique selling points of their pea milk products.
Established brands and dairy industry giants have an advantage in terms of extensive distribution networks, allowing them to reach a larger consumer base. However, regional players and start-ups can leverage online platforms and strategic partnerships to enhance their distribution capabilities.
- In November 2021, Blue Diamond introduced Almond Breeze, an extremely creamy milk created from almonds. The extra-creamy texture of this product is due to the use of almond oil made from quality Blue Diamond almonds grown in California.
- Molson Coors Beverage’s Golden Wing Barley Milk launch in May 2022 marked the company's entry into the plant-based milk market. This item is available for purchase straight from the manufacturer's website as well as at select Whole Foods Market stores.
Key Segments of Pea Milk Industry Research
-
By Flavor:
- Original Flavored
- Vanilla Flavored
- Chocolate Flavored
- Barista Flavored
-
By Sweetness:
- Sweetened
- Unsweetened
-
By Pack Size:
- 8 oz
- 25 to 32 oz
- 48 oz
-
By Packaging Material:
- Tetra Packs
- PET Bottles
-
By End User:
- Individual Consumers
- HoReCa
- Gyms & Cafés
-
By Sales Channel:
- Brick & Mortar Stores
- Online Retail Channels
-
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 5. Consumer Survey Analysis
- 6. Global Market Pricing Analysis
- 7. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033)
- 8. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Flavour
- 8.1. Original
- 8.2. Chocolate
- 8.3. Vanilla
- 8.4. Barista
- 9. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Sweetness
- 9.1. Sweetened
- 9.2. Unsweetened
- 10. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Pack Size
- 10.1. 8 Oz
- 10.2. 25-32 Oz
- 10.3. 48 Oz
- 11. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Packaging
- 11.1. Tetra Pack
- 11.2. PET Bottles
- 12. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by End User
- 12.1. Individual Consumers
- 12.2. HoReCa
- 12.3. Gyms and Cafes
- 13. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Sales Channel
- 13.1. Brick and Mortar Stores
- 13.2. Online Retail
- 14. Global Market Analysis (2018 to 2022) and Forecast (2023 to 2033), by Region
- 14.1. North America
- 14.2. Latin America
- 14.3. Europe, Middle East & Africa (EMEA)
- 14.4. Asia Pacific
- 15. North America Market Analysis and Forecast
- 16. Latin America Market Analysis and Forecast
- 17. Asia Pacific Market Analysis and Forecast
- 18. Europe, Middle East and Africa (EMEA) Market Analysis and Forecast
- 19. Global Market Analysis Key Countries
- 20. Competition Landscape
- 21. Competition Analysis
- 21.1. Ripple Foods
- 21.2. Sproud
- 21.3. The Bolthouse Farms
- 21.4. Snappea Foods
- 21.5. Qwrkee
- 21.6. Devon Garden Foods
- 21.7. Vly Foods
- 21.8. Nestle SA
- 21.9. Freedom Foods
- 21.10. The Mighty Society
- 21.11. Drinkstar
- 22. Appendix
- 23. Definitions of Analytical Frameworks
- 24. Sources and References
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List Of Table
Table 01: Global Market Volume (‘000 Litres), By flavour, 2018 to 2033
Table 02: Global Market Value (US$ ‘000), By flavour, 2018 to 2033
Table 03: Global Market Volume (‘000 Litres), By Sweetness, 2018 to 2033
Table 04: Global Market Value (US$ ‘000), By Sweetness, 2018 to 2033
Table 05: Global Market Volume (‘000 Litres), By Pack Size, 2018 to 2033
Table 06: Global Market Value (US$ ‘000), By Pack Size, 2018 to 2033
Table 07: Global Market Volume (‘000 Litres), By Packaging Type, 2018 to 2033
Table 08: Global Market Value (US$ ‘000), By Packaging Type, 2018 to 2033
Table 09: Global Market Volume (‘000 Litres), By End User, 2018 to 2033
Table 10: Global Market Value (US$ ‘000), By End User, 2018 to 2033
Table 11: Global Market Volume (‘000 Litres), By Sales Channel, 2018 to 2033
Table 12: Global Market Value (US$ ‘000), By Sales Channel, 2018 to 2033
Table 13: Global Market Volume (‘000 Litres), By Region, 2018 to 2033
Table 14: Global Market Value (US$ ‘000), By Region, 2018 to 2033
Table 15: Global Market Average Selling Prices (US$/ Litre), By Pack Size, 2018 to 2033
Table 16: North America Market Volume (‘000 Litres), By flavour, 2018 to 2033
Table 17: North America Market Value (US$ ‘000), By flavour, 2018 to 2033
Table 18: North America Market Volume (‘000 Litres), By Sweetness, 2018 to 2033
Table 19: North America Market Value (US$ ‘000), By Sweetness, 2018 to 2033
Table 20: North America Market Volume (‘000 Litres), By Pack Size, 2018 to 2033
Table 21: North America Market Value (US$ ‘000), By Pack Size, 2018 to 2033
Table 22: North America Market Volume (‘000 Litres), By Packaging Type, 2018 to 2033
Table 23: North America Market Value (US$ ‘000), By Packaging Type, 2018 to 2033
Table 24: North America Market Volume (‘000 Litres), By End User, 2018 to 2033
Table 25: North America Market Value (US$ ‘000), By End User, 2018 to 2033
Table 26: North America Market Volume (‘000 Litres), By Sales Channel, 2018 to 2033
Table 27: North America Market Value (US$ ‘000), By Sales Channel, 2018 to 2033
Table 28: North America Market Volume (‘000 Litres), By Country, 2018 to 2033
Table 29: North America Market Value (US$ ‘000), By Country, 2018 to 2033
Table 30: North America Market Average Selling Prices (US$/ Litre), By Pack Size, 2018 to 2033
Table 31: EMEA Market Volume (‘000 Litres), By flavour, 2018 to 2033
Table 32: EMEA Market Value (US$ ‘000), By flavour, 2018 to 2033
Table 33: EMEA Market Volume (‘000 Litres), By Sweetness, 2018 to 2033
Table 34: EMEA Market Value (US$ ‘000), By Sweetness, 2018 to 2033
Table 35: EMEA Market Volume (‘000 Litres), By Pack Size, 2018 to 2033
Table 36: EMEA Market Value (US$ ‘000), By Pack Size, 2018 to 2033
Table 37: EMEA Market Volume (‘000 Litres), By Packaging Type, 2018 to 2033
Table 38: EMEA Market Value (US$ ‘000), By Packaging Type, 2018 to 2033
Table 39: EMEA Market Volume (‘000 Litres), By End User, 2018 to 2033
Table 40: EMEA Market Value (US$ ‘000), By End User, 2018 to 2033
Table 41: EMEA Market Volume (‘000 Litres), By Sales Channel, 2018 to 2033
Table 42: EMEA Market Value (US$ ‘000), By Sales Channel, 2018 to 2033
Table 43: EMEA Market Volume (‘000 Litres), By Country, 2018 to 2033
Table 44: EMEA Market Value (US$ ‘000), By Country, 2018 to 2033
Table 45: EMEA Market Average Selling Prices (US$/ Litre), By Pack Size, 2018 to 2033
Table 46: Latin America Market Volume (‘000 Litres), By flavour, 2018 to 2033
Table 47: Latin America Market Value (US$ ‘000), By flavour, 2018 to 2033
Table 48: Latin America Market Volume (‘000 Litres), By Sweetness, 2018 to 2033
Table 49: Latin America Market Value (US$ ‘000), By Sweetness, 2018 to 2033
Table 50: Latin America Market Volume (‘000 Litres), By Pack Size, 2018 to 2033
Table 51: Latin America Market Value (US$ ‘000), By Pack Size, 2018 to 2033
Table 52: Latin America Market Volume (‘000 Litres), By Packaging Type, 2018 to 2033
Table 53: Latin America Market Value (US$ ‘000), By Packaging Type, 2018 to 2033
Table 54: Latin America Market Volume (‘000 Litres), By End User, 2018 to 2033
Table 55: Latin America Market Value (US$ ‘000), By End User, 2018 to 2033
Table 56: Latin America Market Volume (‘000 Litres), By Sales Channel, 2018 to 2033
Table 57: Latin America Market Value (US$ ‘000), By Sales Channel, 2018 to 2033
Table 58: Latin America Market Volume (‘000 Litres), By Country, 2018 to 2033
Table 59: Latin America Market Value (US$ ‘000), By Country, 2018 to 2033
Table 60: Latin America Market Average Selling Prices (US$/ Litre), By Pack Size, 2018 to 2033
Table 61: Asia Pacific Market Volume (‘000 Litres), By flavour, 2018 to 2033
Table 62:Asia Pacific Market Value (US$ ‘000), By flavour, 2018 to 2033
Table 63: Asia Pacific Market Volume (‘000 Litres), By Sweetness, 2018 to 2033
Table 64: Asia Pacific Market Value (US$ ‘000), By Sweetness, 2018 to 2033
Table 65: Asia Pacific Market Volume (‘000 Litres), By Pack Size, 2018 to 2033
Table 66: Asia Pacific Market Value (US$ ‘000), By Pack Size, 2018 to 2033
Table 67: Asia Pacific Market Volume (‘000 Litres), By Packaging Type, 2018 to 2033
Table 68: Asia Pacific Market Value (US$ ‘000), By Packaging Type, 2018 to 2033
Table 69: Asia Pacific Market Volume (‘000 Litres), By End User, 2018 to 2033
Table 70: Asia Pacific Market Value (US$ ‘000), By End User, 2018 to 2033
Table 71: Asia Pacific Market Volume (‘000 Litres), By Sales Channel, 2018 to 2033
Table 72: Asia Pacific Market Value (US$ ‘000), By Sales Channel, 2018 to 2033
Table 73: Asia Pacific Market Volume (‘000 Litres), By Region, 2018 to 2033
Table 74: Asia Pacific Market Value (US$ ‘000), By Region, 2018 to 2033
Table 75: Asia Pacific Market Average Selling Prices (US$/ Litre), By Pack Size, 2018 to 2033
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List Of Figures
Fig 01: Global Market Volume ( Million Litres), Value (US$ Million) and Y-o-Y Growth, 2018 to 2033
Fig 02: Global Absolute $ Historical Market (2018 to 2022) and Absolute $ Opportunity (2023 to 2033), US$ Mn
Fig 03: Global Absolute Historical Volume Market (2018 to 2022) and Absolute Volume Opportunity (2023 to 2033), Mn Litres
Fig 04: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2033
Fig 05: Global Market Incremental $ Opportunity (US$ Mn), 2023 to 2033
Fig 06: Global Market Share and BPS Analysis by flavour – 2023 & 2033
Fig 07: Global Market Y-o-Y Growth Projections by flavour, 2023 to 2033
Fig 08: Global Market Attractiveness Index by flavour, 2023 to 2033
Fig 09: Global Market Share and BPS Analysis by Sweetness – 2023 & 2033
Fig 10: Global Market Y-o-Y Growth Projections by Sweetness, 2023 to 2033
Fig 11: Global Market Attractiveness Index by Sweetness, 2023 to 2033
Fig 12: Global Market Share and BPS Analysis by Pack Size – 2023 & 2033
Fig 13: Global Market Y-o-Y Growth Projections by Pack Size, 2023 to 2033
Fig 14: Global Market Attractiveness Index by Pack Size, 2023 to 2033
Fig 15: Global Market Share and BPS Analysis by Packaging – 2023 & 2033
Fig 16: Global Market Y-o-Y Growth Projections by Packaging, 2023 to 2033
Fig 17: Global Market Attractiveness Index by Packaging, 2023 to 2033
Fig 18: Global Market Share and BPS Analysis by End User – 2023 & 2033
Fig 19: Global Market Y-o-Y Growth Projections by End User, 2023 to 2033
Fig 20: Global Market Attractiveness Index by End User, 2023 to 2033
Fig 21: Global Market Share and BPS Analysis by Brick and Mortar Stores – 2023 & 2033
Fig 22: Global Market Y-o-Y Growth Projections by Brick and Mortar Stores, 2023 to 2033
Fig 23: Global Market Attractiveness Index by Brick and Mortar Stores, 2023 to 2033
Fig 24: Global Market Share and BPS Analysis by Region – 2023 & 2033
Fig 25: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Fig 26: Global Market Attractiveness Index by Region, 2023 to 2033
Fig 28: North America Market Value (US$ Mn), Volume (Mn Litres) Forecast and Analysis, 2018 to 2033
Fig 29: Y-o-Y Growth Comparison of Market: Global Vs North America Countries Vs North America Average
Fig 30: North America Market Share and BPS Analysis by Country – 2023 & 2033
Fig 31: North America Market Y-o-Y Growth Projections by Country, 2023 to 2033
Fig 32: North America Market Attractiveness Index by Country, 2023 to 2033
Fig 33: North America Market Share and BPS Analysis by flavour – 2023 & 2033
Fig 34: North America Market Y-o-Y Growth Projections by flavour, 2023 to 2033
Fig 35: North America Market Attractiveness Index by flavour, 2023 to 2033
Fig 36: North America Market Share and BPS Analysis by Sweetness – 2023 & 2033
Fig 37: North America Market Y-o-Y Growth Projections by Sweetness, 2023 to 2033
Fig 38: North America Market Attractiveness Index by Sweetness, 2023 to 2033
Fig 39: North America Market Share and BPS Analysis by Pack Size – 2023 & 2033
Fig 40: North America Market Y-o-Y Growth Projections by Pack Size, 2023 to 2033
Fig 41: North America Market Attractiveness Index by Pack Size, 2023 to 2033
Fig 42: LATAM Market Attractiveness Index by Sweetness, 2023 to 2033
Fig 43: LATAM Market Share and BPS Analysis by Pack Size – 2023 & 2033
Fig 44: LATAM Market Y-o-Y Growth Projections by Pack Size, 2023 to 2033
Fig 45: LATAM Market Attractiveness Index by Pack Size, 2023 to 2033
Fig 46: LATAM Market Share and BPS Analysis by Packaging Type – 2023 & 2033
Fig 47: LATAM Market Y-o-Y Growth Projections by Packaging Type, 2023 to 2033
Fig 48: LATAM Market Attractiveness Index by Packaging Type, 2023 to 2033
Fig 49: LATAM Market Share and BPS Analysis by End User – 2023 & 2033
Fig 50: LATAM Market Y-o-Y Growth Projections by End User, 2023 to 2033
Fig 51: LATAM Market Attractiveness Index by End User, 2023 to 2033
Fig 52: LATAM Market Share and BPS Analysis by Brick and Mortar Stores – 2023 & 2033
Fig 53: LATAM Market Y-o-Y Growth Projections by Brick and Mortar Stores, 2023 to 2033
Fig 54: LATAM Market Attractiveness Index by Brick and Mortar Stores, 2023 to 2033
Fig 55: Fondness of plant-based Milk in Key EMEA Countries – Compared with Overall EMEA
Fig 56: EMEA Market Value (US$ Mn), Volume (Mn Litres) Forecast and Analysis, 2018 to 2033
Fig 57: Y-o-Y Growth Comparison of Market: Global Vs EMEA Countries Vs EMEA Average
Fig 58: EMEA Market Share and BPS Analysis by Country – 2023 & 2033
Fig 59: EMEA Market Y-o-Y Growth Projections by Country, 2023 to 2033
Fig 60: EMEA Market Attractiveness Index by Country, 2023 to 2033
Fig 61: EMEA Market Share and BPS Analysis by flavour – 2023 & 2033
Fig 62: EMEA Market Y-o-Y Growth Projections by flavour, 2023 to 2033
Fig 63: EMEA Market Attractiveness Index by flavour, 2023 to 2033
Fig 64: EMEA Market Share and BPS Analysis by Sweetness – 2023 & 2033
Fig 65: EMEA Market Y-o-Y Growth Projections by Sweetness, 2023 to 2033
Fig 66: EMEA Market Attractiveness Index by Sweetness, 2023 to 2033
Fig 67: EMEA Market Share and BPS Analysis by Pack Size – 2023 & 2033
Fig 68: EMEA Market Y-o-Y Growth Projections by Pack Size, 2023 to 2033
Fig 69: EMEA Market Attractiveness Index by Pack Size, 2023 to 2033
Fig 70: EMEA Market Share and BPS Analysis by Packaging Type – 2023 & 2033
Fig 71: EMEA Market Y-o-Y Growth Projections by Packaging Type, 2023 to 2033
Fig 72: EMEA Market Attractiveness Index by Packaging Type, 2023 to 2033
Fig 73: EMEA Market Share and BPS Analysis by End User – 2023 & 2033
Fig 74: EMEA Market Y-o-Y Growth Projections by End User, 2023 to 2033
Fig 75: EMEA Market Attractiveness Index by End User, 2023 to 2033
Fig 76: EMEA Market Share and BPS Analysis by Brick and Mortar Stores – 2023 & 2033
Fig 77: EMEA Market Y-o-Y Growth Projections by Brick and Mortar Stores, 2023 to 2033
Fig 78: EMEA Market Attractiveness Index by Brick and Mortar Stores, 2023 to 2033
Fig 79: Fondness of plant-based Milk in Key Asia Pacific Countries – Compared with Overall Asia Pacific
Fig 80: Asia Pacific Market Value (US$ Mn), Volume (Mn Litres) Forecast and Analysis, 2018 to 2033
Fig 81: Y-o-Y Growth Comparison of Market: Global Vs APAC Countries
Fig 82: Asia Pacific Market Share and BPS Analysis by Country – 2023 & 2033
Fig 83: Asia Pacific Market Y-o-Y Growth Projections by Country, 2023 to 2033
Fig 84: Asia Pacific Market Attractiveness Index by Country, 2023 to 2033
Fig 85: Asia Pacific Market Share and BPS Analysis by flavour – 2023 & 2033
Fig 86: Asia Pacific Market Y-o-Y Growth Projections by flavour, 2023 to 2033
Fig 87: Market Attractiveness Index by flavour, 2023 to 2033
Fig 88: Asia Pacific Market Share and BPS Analysis by Sweetness – 2023 & 2033
Fig 89: Asia Pacific Market Y-o-Y Growth Projections by Sweetness, 2023 to 2033
Fig 90: Asia Pacific Market Attractiveness Index by Sweetness, 2023 to 2033
Fig 91: Asia Pacific Market Share and BPS Analysis by Pack Size – 2023 & 2033
Fig 92: Asia Pacific Market Y-o-Y Growth Projections by Pack Size, 2023 to 2033
Fig 93: Asia Pacific Market Attractiveness Index by Pack Size, 2023 to 2033
Fig 94: Asia Pacific Market Share and BPS Analysis by Packaging Type – 2023 & 2033
Fig 95: Asia Pacific Market Y-o-Y Growth Projections by Packaging Type, 2023 to 2033
Fig 96: Asia Pacific Market Attractiveness Index by Packaging Type, 2023 to 2033
Fig 97: Asia Pacific Market Share and BPS Analysis by End User – 2023 & 2033
Fig 98: Asia Pacific Market Y-o-Y Growth Projections by End User, 2023 to 2033
Fig 99: Asia Pacific Market Attractiveness Index by End User, 2023 to 2033
Fig 100: Asia Pacific Market Share and BPS Analysis by Brick and Mortar Stores – 2023 & 2033
Fig 101: Asia Pacific Market Y-o-Y Growth Projections by Brick and Mortar Stores, 2023 to 2033
Fig 102: Asia Pacific Market Attractiveness Index by Brick and Mortar Stores, 2023 to 2033
Fig 103: U.S. Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 104: US Market Share, by flavour, 2022
Fig 105: US Market Share, by Pack Size, 2022
Fig 106: Canada Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 107: Canada Market Share, by flavour, 2022
Fig 108: Canada Market Share, by Pack Size, 2022
Fig 109: U.K. Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 110: U.K. Market Share, by flavour, 2022
Fig 111: U.K. Market Share, by Pack Size, 2022
Fig 112: Germany Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 113: Columbia Market Share, by flavour, 2022
Fig 114: Columbia Market Share, by Pack Size, 2022
Fig 115: France Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 116: France Market Share, by flavour, 2022
Fig 117: France Market Share, by Pack Size, 2022
Fig 118: Italy Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 119: Italy Market Share, by flavour, 2022
Fig 120: Italy Market Share, by Pack Size, 2022
Fig 121: China Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 122: China Market Share, by flavour, 2022
Fig 123: China Market Share, by Pack Size, 2022
Fig 124: India Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 125: India Market Share, by flavour, 2022
Fig 126: India Market Share, by Pack Size, 2022
Fig 127: Japan Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 128: Japan Market Share, by flavour, 2022
Fig 129: Japan Market Share, by Pack Size, 2022
Fig 130: Malaysia Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 131: Malaysia Market Share, by flavour, 2022
Fig 132: Malaysia Market Share, by Pack Size, 2022
Fig 133: Brazil Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 134: Brazil Market Share, by flavour, 2022
Fig 135: Brazil Market Share, by Pack Size, 2022
Fig 136: Mexico Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 137: Mexico Market Share, by flavour, 2022
Fig 138: Mexico Market Share, by Pack Size, 2022
Fig 139: Columbia Market Volume (‘000 Litres) and Value (US$ ‘000) and Forecast, 2023 to 2033
Fig 140: Columbia Market Share, by flavour, 2022
Fig 141: Columbia Market Share, by Pack Size, 2022
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- FAQs -
What is the estimated market value of pea milk in 2023?
The global pea milk market is valued at US$ 51.55 billion as of 2023.
What is the anticipated growth rate for the pea milk market?
The market for pea milk is predicted to expand rapidly at a CAGR of 13.1% from 2023 to 2033.
What is the demand outlook for pea milk for 2033?
Demand for pea milk is anticipated to reach a market value of US$ 176.54 billion by 2033.
What is the projected growth rate for the Japanese market?
The market in Japan is forecasted to rise at a CAGR of 9.9% through 2033.
What is the forecasted growth rate for the pea milk market in South Korea?
The market in South Korea is projected to expand at a CAGR of 10.7% through 2033.
Pea Milk Market