Aseptic Based Milk Market Overview
Aseptic Based Milk Market size is forecast to reach $24,354.7 million by 2026, growing at a CAGR of 12.8% during the forecast period 2021-2026. Plant based milk is extracted from sources that includes almonds, soy, coconuts, oats, and rice. It is the best alternative for dairy milk and is widely accepted. Aseptic based milk are free from lactose
. It is used to treat cow milk allergies, calorie concerns, vegan diet, lactose intolerance, and hypercholesterolemia. Increasing awareness towards the plant based milk & its nutritional values and increasing vegan population is the major factors driving the growth of the market. Increasing awareness among consumers regarding the benefits offered by vegan diet and increasing demand for dairy alternative is set to further enhance the overall market developments of the Aseptic Based Milk Market for the period 2021-2026.
The report: “Aseptic Based Milk Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Aseptic Based Milk Market.
By Milk Type: Cereal Based Milk, Nut Based Milk, Seed Based Milk, and Others.
By Packaging Type: Carton Boxes, Bags and Pouches, Cups and Trays, Bottles and Jars, Metal Cans, Plastic Cans, and Others.
By Distribution Type: Brand Owners/ Manufacturers, and Co-Manufacturers (Private Label/ White Label).
By Geography: North America (U.S., Canada, Mexico), South America (Brazil, Argentina, Chile, and Rest of South America), Europe (United Kingdom (U.K.), Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Australia, and New Zealand, and Rest of Asia Pacific), and Rest of the World (Middle East, and Africa).
Aseptic Based Milk Market Analysis – By Product
Seed Based Milk held the largest share in the Aseptic Based Milk Market in 2020 and is estimated to grow at a CAGR 12.3% during the forecast period 2021-2026. Seed based milk is derived from various seeds such as hemp, soy, pea, Quinoa and others. Seed milk is delicious and healthy as it can be used in smoothies and any other application. Increasing innovation in aseptic packaging in seed based milk by manufacturers is increasing demand of Aseptic Based Milk Market. Aseptic packaging keeps product quality and protects the product's nutritional value and flavour while keeping it safe from microbial growth, as well as outside air and light. Manufacturers are introducing various flavors such as vanilla, chocolate, and strawberry to cover the aftertaste of seed milk, which is increasing product demand among children. Key manufacturers are spending in R&D to reduce aftertaste by creating new flavours and offering the product in innovative packaging solutions such as aseptic in order to increase shelf life of product through a variety of distribution channels. Nut based milk is produced from various nuts such as cashew, almond, hazelnut, coconut and others with an aseptic process. The process uses a very high temperature as required by federal requirements for pasteurisation and commercial sterilisation. Nut Based Milk is estimated to register the higher CAGR over the period 2021-2026.
Aseptic Based Milk Market Analysis – By Packaging Type
Carton Boxes held the largest share in the Aseptic Based Milk Market in 2020 and is estimated to grow at a CAGR 13.2% during the forecast period 2021-2026. This is owing to the Increasing demand of carton box for packaging of aseptic milk as it is most convenient packaging box. There is an increasing demand for high-quality tetra pack with aseptic, high shelf stable solutions as manufacturers are adopting light pulse, UV laser light, γ-rays, electron beams, and plasma discharge for the sterilization of packaging materials. Increasing demand for nut milk with aseptic containers owing to their nutty, rich and creamy flavor characteristics as well as their low carbohydrate content. As an aseptic container protect the milk from light and air in the cartons, ensuring that the taste and nutritious content of the milk last for months which further drives the segmentation growth globally. Carton Boxes is estimated to register the higher CAGR over the period 2021-2026.
Aseptic Based Milk Market Analysis – By Geography
North America dominated the Aseptic Based Milk Market with a major share of 36.2% in 2020. This is owing to the increasing interest in nutritious and healthy beverages along with changing eating habits. Increasing health consciousness among U.S. consumers has increased the consumer base for nutritious and healthy dairy products. Apart from this, there is an increasing innovations in the plant based milk industry that have led to the development of aseptic based milk to cater different nutritional needs. These beverages include lactose-reduced and lactose-free milk, and acidophilus milk that's fitted to consumers with lactase deficiency or maldigestion. Recently, Hiland Dairy launched the new chocolate lactose-free milk product. The product is available in half gallon size. It contains essential vitamins and minerals. The company has launched the product as per the growing demand for flavorful and lactose-free dairy products. Thus, increasing the growth of the market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing instances of lactose allergies, changing consumer lifestyles, and growing health awareness among consumers. Several consumers perceive a vegan diet to be healthy and prefer consuming dairy alternatives such as soy milk, almond milk, rice milk, and other plant-based milk as a substitute for dairy milk. Vegan diet followers and adopters of a healthy diet are the primary consumers of dairy alternatives that have propelled the market growth in this region.
Aseptic Based Milk Market Drivers
Increasing Demand for Organic Beverages is Increasing the Growth of the Market
Increasing demand for organic beverages is increasing the growth of the market. This is owing to the changing preferences of the consumers towards the healthy food & beverages. This has led to the rise in the awareness regarding the health benefits of the functional food and in the consumptions of the organic food products. Consumers are getting attracted towards the clean label food & beverages owing to the increasing demand for organic ingredients. There is an increasing demand for vegan products such as plant based milk owing to its health benefits. Thus, increasing the growth of the market during the forecast period 2021-2026.
Increasing Incidences of Lactose Intolerance and Milk Allergies are Increasing the Growth of the Market
Increasing incidences of lactose intolerance and milk allergies are increasing the growth of the market. This is owing to the increasing symptoms of lactose intolerance in individuals such as abdominal pain, gut distention, constipation, and nausea among others. Owing to the increasing number of such allergies, there is an increase in the consumption of the dairy alternatives as consumers are getting more aware of healthy eating habits. Several infants as well as adults suffer from allergies that leads to adverse immune reaction after ingestion of animal milk. Thus, increasing the growth of the market during the forecast period 2021-2026.
Aseptic Based Milk Market Challenges
Allergies Associated With Plant Based Milk Sources
Some of the factors that are set to impede the growth of the Aseptic Based Milk Market are the allergies associated with the plant based milk sources. A soy allergy occurs when the human immune system mistakes the harmless proteins found in soy as harmful and produces antibodies to combat them. Similarly, tree nuts such as almonds are one of the ingredients that cause allergies. Owing to this, one have to avoid almond-based products such as almond milk and other non-dairy products made from almonds. Also, the price of dairy alternatives depends on the supply of raw materials that is the main reason of price fluctuations of the aseptic based milk products. Oat milk and several other dairy alternatives face the problem of raw material unavailability owing to the increase in prices. Thus, hindering the growth of the market during the forecast period 2021-2026.
Aseptic Based Milk Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Aseptic Based Milk Market. In 2020, the Aseptic Based Milk Market share is consolidated by the top ten players present in the market. The Aseptic Based Milk Market, top 10 companies include:
- Gehl Food & Beverage
- American Soy Products Inc.
- Califia Farms LLC
- Elmhurst Milked Direct LLC
- Pacific Food of Oregon LLC
- Earth’s Own Company
- In April 2021, SunOpta acquired The Dream & West soy plant-based beverage brands from The Hain Celestial Group, Inc. that is predicted to accelerate the growth of the company in the market.
Report Code: FBR 0074
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