Increasing Vegan Population Pool to Stimulate Uptake of Pea Milk – Fact.MR Study

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Pea Milk. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Pea Milk Market across various industries and regions.

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Newly published Fact.MR data on the pea milk industry forecasts the market to each US$ 138 Mn by 2031. The growing popularity of vegan products has shifted consumer attention toward plant-based milk. According to the report, the market is expected to reach US$ 40 Mn by 2021-end. The product’s creamy texture and higher nutritional content than other plant-based milk are the key reasons for consumer choice, which bodes well for the pea milk market’s growth in the coming years. 

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Pea Milk market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Pea Milk

This newly published and insightful report sheds light on Market Insights of Pea Milk, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Pea Milk Market.

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Key Segments Covered

  • Flavor

    • Original Flavored Pea Milk
    • Vanilla Flavored Pea Milk
    • Chocolate Flavored Pea Milk
    • Barista Flavored Pea Milk
  • Sweetness

    • Sweetened Pea Milk
    • Unsweetened Pea Milk
  • Pack Size

    • 8 oz Pea Milk Packs
    • 25-32 oz Pea Milk Packs
    • 48 oz Pea Milk Packs
  • Packaging Material

    • Pea Milk in Tetra Packs
    • Pea Milk in PET Bottles
  • End User

    • Pea Milk for Individual Consumers
    • Pea Milk for HoReCa
    • Pea Milk for Gyms & Cafes
  • Sales Channel

    • Pea Milk Sales via Brick & Mortar Stores
    • Pea Milk Sales via Online Retail Channels

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Competitive Landscape

Key manufacturers of pea milk are emphasizing on penetrating mainstream retail markets, introducing a wide range of product offerings. Additionally, they are also focusing on forging alliances with leading players along with acquisitions

  • Ripple Foods’ vegan pea milk was just introduced to Costco, the world’s largest wholesale retailer. It’s selling a three-pack of 48-ounce Ripple Original Plant-Based Milk bottles for $8.99 at 18 locations in the Midwest, including Ohio, Indiana, Kansas, Illinois, Minnesota, Michigan, Missouri, and Nebraska.
  • Nestlé is introducing Wunda, a new pea-based beverage that is “epic in everything” that milk is used for. That means it can be consumed plain, poured over cereal, used in hot beverages, frosted, cooked with, and so on.
  • Sproud Original Drink is a plant-based milk with a milk-like flavor. It’s as white as milk and free of allergies, lactose, nuts, soy, and genetically modified organisms. In addition, high in protein and incredibly low sugar. Perfect for a healthy diet.

Key Takeaways from the Market Study

  1. By 2021, global pea milk sales are likely to be valued at US$ 40 Mn
  2. PET pea milk bottles to experience staggering growth, registering a 10% CAGR
  3. Tetra packs to surge in popularity, yielding 45% of market revenue through 2031
  4. Pea milk offerings of 48 oz to dominate the market, account for 3/5th of total demand
  5. U.S to register a prolific CAGR of 9% with regard to pea milk sales
  6. With a market share of almost 25%, Asia is the fastest-growing region in the market.

“Increased foray into milk and dairy alternatives amid rising incidence of lactose intolerance as well as rising animal welfare concerns is boding well for the pea milk industry,” says an analyst at Fact.MR

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Key Question answered in the survey of Pea Milk market report:

  • Sales and Demand of Pea Milk
  • Growth of Pea Milk Market
  • Market Analysis of Pea Milk
  • Market Insights of Pea Milk
  • Key Drivers Impacting the Pea Milk market
  • Which are the Key drivers impacted by Pea Milk market
  • Restraints Shaping Market Growth
  • Market Survey of Pea Milk

More Valuable Insights on Pea Milk Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Pea Milk, Sales and Demand of Pea Milk, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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