Top Innovative Startups of Plant Milk Industry | UnivDatos Market Insights

A beverage called "plant-based milk" is made from plants that have an appearance similar to milk. Plant milk is a dairy-free beverage that has plant extracts dissolved in water to give it flavor and aroma. Dairy milk is replaced with plant-based milk for vegan consumption. When compared to dairy milk, plant-based milk has a creamy texture. Different plants are used to make plant milk. Almond, oat, soy, coconut, and cashew nut milks are among the most widely consumed plant milks worldwide. People have been drinking plant-based drinks since the beginning of time.

People's tastes are shifting toward healthier plant-based milk products because of growing instances of lactose intolerance worldwide and millennials' high awareness of animal welfare. Numerous individuals in Asia and Africa, according to the National Institute of Diabetes & Digestive and Kidney Diseases (NIDDK), are lactose intolerant. In the USA, the disorder impacts over 35% of the population. Another factor promoting the development of the dairy sector is the rapidly growing use of plant-based milk in food and beverages, such as dietary supplements and nutraceuticals. Genetically modified organism (GMO) plants have a bright future because of their potential applications in the fields of agriculture and food science.

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As per the Association of UK Dietitians (BDA), 1-10% of adults and children in the nation had food hypersensitivity as of 2020; however, up to 20% of them had food reactions, which made them believe they had food hypersensitivity. Additionally, the source stated that eight common food allergies which make up approximately 90% of all allergies were related to cow's milk, chicken eggs, shellfish in particular, prawns, fish, soy, peanuts, and wheat. The first five of these allergies are the most prevalent in the nation.

Furthermore, the World Allergy Organization reported that, worldwide, 2–3% of newborns and young children experienced a milk allergy in 2020. Approximately 10% of children under one year old suffer from milk allergy, making it one of the most prevalent food allergies in children. Therefore, to keep customers interested, major companies need to continuously innovate and adjust to compete with other products trying for popularity.

Some of the major companies that play a significant role in the food & beverage industries:

Plant Milk Market Recent Development:

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Plant Milk Market Conclusion:

Many cultures have traditionally utilized milk. Health concerns about allergens, hormone fluctuations, and nutrient quality have recently led to an overall decrease in its importance. Consumer preferences for plant-based dairy products, which are abundant in vitamins, proteins, fats, and carbohydrates, have changed because of this. The trend toward a vegan diet has contributed to a greater acceptance of plant-based milk, which is helping the younger population become more lactose intolerant due to dietary and lifestyle changes.

According to the UnivDatos Market Insights Analysis, as more startups enter the market and plant milk market continues to grow consistently, the future of ?plant milk in dairy industry appears to be amazing and magnificent and as per their “Plant milk market” report, the global market was valued at USD 11 Billion in 2022, growing at a CAGR of 10% during the forecast period from 2023 - 2030 to reach USD billion by 2030.

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