Report ID: SQMIG30H2134
Report ID:
SQMIG30H2134 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
90 |
Figures:
71
Pea Milk Market size was valued at USD 15.5 Billion in 2023 and is poised to grow from USD 17.11 Billion in 2024 to USD 37.76 Billion by 2032, growing at a CAGR of 10.4% during the forecast period (2025-2032).
The global pea milk market is witnessing exponential growth recently as a result of changing consumer preferences and rising demand for plant-based alternatives that do not contain dairy. The upscale of the market can be accredited to several factors, including an increasing awareness of health and environmental concerns resulting in a shift in consumer tastes.
Lactose intolerant consumers are on the lookout for products that are a tasty yet sustainable replacement of traditional dairy products. Keeping these developments in mind, producers are experimenting to enhance the taste and consistency of pea milk, turning it into a viable choice for a growing base of consumers.
A wide range of culinary applications use pea milk, such as cereal, coffee, and baking, proving the versatility of the product and furthering market growth. The previously mentioned pattern suggests the pea milk market is slated for continuous growth in coming years if it can easily adapt to the ever-evolving consumer preferences.
The steady growth of the global pea market can be seen clearly in North America, which holds the largest market share, due to rising demand for dairy substitutes and early adoption of plant-based diets. However, market growth can be shackled by a few restraints, and the industry must safeguard against those obstacles.
Limited consumer awareness poses a serious threat to the global pea milk market, though it can be fought with spreading knowledge about the benefits of the product to expand awareness. In conclusion, the global pea milk market is predicted to experience further growth in coming years.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30H2134