United Kingdom Plant Based Milk Market Research Report, 2029

A movement in consumer tastes towards healthier and more sustainable food alternatives has propelled the market for plant-based milk in the UK to tremendous growth over the last ten years. Almond, oat, coconut, and soy are some of the types of plant-based milk that may be used as a substitute for regular dairy milk. People who are lactose intolerant, vegan, or environmentally aware can all benefit from using plant-based milk. Growing demand for plant-based diets has led to a fast expansion of the industry, with many brands and types becoming accessible. From the early 2000s, when soy milk started to become more and more popular as a dairy substitute, the UK market for plant-based milk has developed. Plant-based milks were once considered speciality goods, mostly used by those on restricted diets. A wider acceptance has resulted from heightened understanding of the advantages to health and environmental sustainability. Almond milk became a popular option by the 2010s, and then additional options including oat and coconut milk. One of the main drivers has been growing knowledge of the health advantages of plant-based diets. They are a nutrient-dense alternative since they are frequently fortified with vital elements including calcium, vitamins D, and B12. Numerous customers are looking for more environmentally friendly options as a result of the negative effects of dairy production on the environment, including greenhouse gas emissions, water use, and land degradation. The need for non-dairy milk alternatives has surged due to the increasing incidence of lactose intolerance and dairy allergies. According to the research report "United Kingdom 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. Plant-based milk has been growing significantly in the UK thanks to a number of important causes. Environmentally aware customers find plant-based milk production appealing because to its lower water usage and decrease in greenhouse gas emissions. Furthermore, the UK's flexitarian and vegan diet movements have increased demand for plant-based milk products. The UK market for plant-based milk is expected to continue growing and innovating in the future. Plant-based milk producers and retailers may expand their market reach and accessibility through strategic partnerships and collaborations, which will support the plant-based milk sector's continued expansion in the UK. As customers look for transparency and natural components in their food choices, it is also expected that the movement towards clean labelling and organic certifications would pick up steam.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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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.