France Plant Based Milk Market Research Report, 2029

Due to a mix of shifting dietary tastes, environmental concerns, and health consciousness, the plant-based milk sector in France has experienced tremendous development over the last ten years. The usage of plant-based milk has grown commonplace in French homes as people look for alternatives to conventional dairy products. With options for individuals with dietary limitations or preferences, this market includes a range of milk substitutes made from soy, almond, oat, coconut, and rice. Early in the early 2000s, soy milk gained appeal as a lactose-free substitute, which led to the development of the plant-based milk industry in France. Those with dairy allergies or lactose intolerance were the main target market at first. The need for a wider selection of foods increased along with the growing understanding of the advantages of plant-based diets for both health and the environment. Almond milk led the push in the 2010s product surge, followed by oat and coconut milk. According to the research report "France Plant Based Milk Market Research Report, 2027" published by Actual Market Research, it is expected that the Plant Based Milk Market will grow rapidly over the forecast period. There are numerous important variables that are driving the plant-based milk business in France. Customers' growing understanding of their health and the advantages of plant-based diets, such as decreased cholesterol and better heart health, is a major motivator. Customers are choosing plant-based milk over traditional dairy products due to environmental concerns as well. This is because plant-based milk often requires less natural resources and has a lower carbon footprint. Looking ahead, a number of variables are anticipated to influence how the French market for plant-based milk develops. It is expected that firms would produce fortified plant-based milks with additional vitamins and minerals to match the nutritional profile of dairy milk, drawing in a wider customer base via innovation in product formulations and flavours. Brands will continue to place a high priority on sustainability, making investments in environmentally friendly packaging and ethical ingredient sourcing.

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Based on its origins, plant-based milk is available in a variety of forms, each with unique flavors, textures, and nutritional profiles to suit a range of dietary requirements and customer preferences. Soy milk is one of the oldest and most widely used plant-based milk substitutes in the world. It comes from soybeans and is well-known for having a high protein content and creamy texture, which makes it a top choice for people seeking a dairy-free protein source. Almond milk has a little sweet taste and a nutty, light flavour. It is created from powdered almonds and water. To improve its nutritional value, almond milk is frequently fortified with calcium, vitamin D, and vitamin E. The chopped flesh of fully grown coconuts is used to make coconut milk. It tastes lightly like coconut and has a thick, creamy texture. Compared to other plant-based milks, coconut milk has more calories and fat, but it also has a distinct flavour that complements both savoury and sweet foods. Water is combined with milled white or brown rice to make rice milk. Its flavour is moderate and somewhat sweet, which makes it a good choice for people who are lactose intolerant or allergic to nuts. Soaking oats in water, mixing, and filtering the solids are the steps involved in making oat milk. It tastes like cow's milk—it's somewhat sweet and has a creamy texture. Other plant-based sources that can be used to make plant-based milk include hemp, flaxseed, quinoa, and pea protein. All of these substitutes satisfy varying dietary needs and customer preferences while providing unique tastes and nutritional advantages. Formulations in the plant-based milk industry may be broadly divided into two categories: plain and flavoured varieties. Plain plant-based milks have a taste that is similar to that of regular dairy milk and are usually unflavored and unsweetened. Ingredients including soy, almond, oat, coconut, rice, or hemp are frequently used to make them. Customers searching for a flexible milk substitute that can be used for baking, cooking, and as a dairy substitute in drinks are drawn to simple formulas. Sweeteners (such cane sugar, agave syrup, or stevia) and artificial or natural flavours (including matcha, chocolate, strawberry, or vanilla) are added to enhance the flavour of plant-based milks. These formulations are intended for consumers who want to add diversity to their drinks and cereal or who are searching for ready-to-drink solutions that approximate flavoured dairy milk. Plant-based milks with flavours are frequently sold as stand-alone drinks that may be consumed cold or heated, as well as in smoothies and desserts. The market for plant-based milk offers both plain and flavoured formulations to accommodate a range of customer preferences, including dietary constraints, health-consciousness, and flavour preferences. As the demand for plant-based dairy substitutes rises, the market is expected to continue rising due to developments in ingredients and formulations. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Nikita Jabrela

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Aspects covered in this report • Plant-based Milk market Research Report with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Source • Soy • Almond • Coconut • Rice • Oat Milk • Other Sources (Cashews, Hazelnuts, Others) By Formulation • Plain • Flavored

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The approach of the report: This report consists of a combined approach to primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.