Plant Based Milk Market Share
By Region, the Plant-based Milk Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
North America is a mature market for plant-based milk knowledge and adoption, driven by health concerns (lactose intolerance and vegetarianism) and environmental consciousness. Consumers are very responsive to category advances, so experimenting with other plant bases will be simple.
Asia Pacific is the fastest-growing region, with rising disposable incomes, increased health awareness, and a growing vegan population among the contributing causes. Soy milk has retained its top position in this region due to the culture's preference for it, and it is extremely inexpensive when compared to other milk brands. Other plant-based alternatives, such as oat milk and coconut milk, are also gaining popularity.