Plant-based milk is a vegan drink made by the plant extracts for distant taste and flavours. The important ingredients includes in the Plant-based milk are from almond, soy, coconut, soy, cashew, oat, hemp, quinoa, and many more. The vegan milk consists of essential amino acids like methionine, valine, leucine, and lysine, vitamins, omega-3 fatty acids as well as additional fortified minerals that deliver nutritious value in the body. The plant-based milk enables creamy texture with eminent aroma and colour agents. The processing technologies are expediting dry and wet methods, in which the enzymatic activity balance and concentration in blanching by sodium bicarbonate dramatically enrich plant-based milk products distribution.

Rising awareness regarding the health benefits in consumption of vegan milk is one of the key factors supporting the growth of the North America plant-based milk market. The plant-based milk facilitates digestive aids and reduces epidemic chances of cardio-vascular diseases, bowel syndrome, obesity, diabetes, hypertension, cholesterol, and cognitive strain in mental health, which will boost the plant-based milk market. Besides, the growing number of lactose intolerance patients enables full acceptance of the plant-based milk, which will further inculcate the growth of the plant-based milk. However, an increase in the consumption of plant-based milk shows a way to mitigate greenhouse gas emission and enriches animal welfare, which will further witness a lucrative growth of plant-based milk.

The carbon footprint is smaller in plant-based milk products comparatively to the animal-based dairy, which will extend the shelf-life of the vegan milk to escalate the market growth during the forecast period. However, the quantities of most of the micro-nutrients are missing as well as the addition of more sweeteners for more palatable taste is a major restraint of the plant-based milk. For instance, calcium and Vitamin D are only the consistent elements are observed in the plant-milk and zinc, phosphorus, folate, thiamine, niacin, vitamin B6 are often missing as per the United States Department of Agriculture Food Composition Database.

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Various notable players operating in the market, include Blue Diamond Growers, Earth’s Own Food Company, Danone S.A., Califia Farms, Oatly AB, Elmhurst Milked Direct LLC, Organic Valley, Pacific Foods Oregon, LLC (Acquired by Campbell Soup Company), Hain Celestial Group, Inc., Ripple Foods, Mooala Brands, LLC among others. Leading key players are focussing on capacity extension, new product development, and nutritional values in end-products.

The North America Plant-based Milk Market has been segmented based on product type, category, formulation, method, packaging 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, supermarkets, conventional stores and others.

Key questions answered in this research report:
1- At what pace is North America plant-based milk market growing? What will be the growth trend in the future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the North America plant-based milk market?
4- What are the various application areas and how they are poised to grow?

Market Segmentation
By Product Type
• Almond Milk
• Soy Milk
• Coconut Milk
• Oat Milk
• Cashew Milk
• Rice Milk
• Quinoa Milk
• Hemp Milk
• Others

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By Category Type
• Refrigerated
• Shelf Stable

By Formulation Type
• Regular
• Flavoured

By Method Type
• Dry Process
• Wet Process

By Packaging Type
• Can
• Bottle
• Tetra Pak
• Jar
• Gallon

By End-Users Type
• Online Stores
• Supermarkets
• Conventional Stores
• Others

By Countries
• US
• Canada
• Mexico

Leading market players
• Blue Diamond Growers
• Earth’s Own Food Company
• Danone S.A.
• Califia Farms
• Oatly AB
• Elmhurst Milked Direct LLC
• Organic Valley
• Pacific Foods Oregon, LLC (Acquired by Campbell Soup Company)
• Hain Celestial Group, Inc.
• Ripple Foods
• Mooala Brands, LLC

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