Spain Plant-Based Milk Market Overview, 2027

Spain Plant Based Milk Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

"Milk is traditionally a part of various cultures. Recently, its importance has been declining due to health concerns about hormonal changes, allergens, and nutrient quality. This has led to a change inconsumer habits towards plant-based dairy products, which are rich sources of vitamins, proteins,fats, and carbohydrates. The younger population is increasingly becoming lactose intolerant due tochanges in lifestyle and diet, further supported by the vegan diet trend, which led to increasedacceptance of plant-based milk. Concerns about animal welfare and cruelty, as well as the impact onthe environment, are increasing the demand for plant-based milk. Lack of consumer awarenessabout the use of plant-based milk among the rural population further hampers growth. Other factors,such as extensive promotional activities by celebrities and athletes to encourage the consumption ofvegetarian products in order to maintain a healthy lifestyle and the ease of product availability viaproliferating online retail channels, are expected to drive the market even further. However, theprice sensitivity of plant-based milk is one of the restraints on the market during the forecast years. According to the research report ""Spain Plant-Based Milk Market Overview, 2027"" published byBonafide Research, the plant-based milk market is expected to grow significantly during the forecastperiod. In terms of the type of milk, soy milk has the biggest market share due to it being the oldest plant-based milk, being widely available, and also due to its high nutritional value. Almond milk hasthe second largest share, and it is continuously increasing due to soy milk’s allergic properties.During the forecast period, oat milk is expected to grow at a significant rate due to the fact that it is a rich source of nutrients and free from dairy allergens and other additives that cause adverse effects on the human body. Besides, oats have a cholesterol-lowering property, which has been scientifically proven. In terms of milk formulation, there are two types: plain milk and flavor milk.Flavored plant milk comes in varied flavors like Chocolate, Strawberry, Vanilla, Coffee, Hazelnut,Mocha, Berry, Banana, Coconut, and others. Chocolate and strawberry have the highest market shares among other flavors due to their increasing popularity among youngconsumers. During theforecast period, other flavors like coffee, mocha, and coco will grow at a significant rate due to continuous innovation. Supermarkets and convenience stores have the highest market shares. During the forecast period, the online channel is expected to grow at a rate higher than any other sales channel due to many factors such as discounts, offers, convenience, time-saving, etc. Due tothis, leading supermarket chains have their own online shopping apps.People's lack of awareness about plant-based beverages and concerns about beverage additives will limit the growth of the plant-based milk market during the forecast period. However, it may pose a threat to the growth of the plant-based milk market. Covid-19continues to be a significant challenge for all businesses worldwide. The pandemic has resulted in a sudden increase in the Country’s plant-based food and beverage products. The demand for plant-based milk is surging as suspicion grows over possible links between wild animal-basedproducts. The pandemic is now seen as a boon for plant-based products as consumers switch to healthy eating habits. In addition to being a good source of protein, it offers a variety of flavors. As a result, most food companies have changed their marketing and manufacturing strategies to promote them more thanother traditional health foods. Considered in this report: • Geography: Spain • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Aspects covered in this report • Spain Plant-based milk market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type of milk: • Soy milk • Almond milk • Coconut milk • Rice milk • Oat milk • Other milk (Cashew, hazelnut, other) Type of milk by formulation: • Plain milk • Flavored milk

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Manmayi Raval

Manmayi Raval

Research Consultant

Type of milk by flavors: • Chocolate • Vanilla • Strawberry • Berry • Hazelnut • Others (Coffee, coconut, mocha) By Sales Channel in the report: • Supermarkets • Convenience stores • Online • Others (Airports, Gas stations, Health Shops) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially,secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doingprimary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Plant Based Milk Industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry."

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Manmayi Raval

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Introduction
  • 2.1. Market Definition
  • 2.2. Market Scope & Segmentation
  • 2.3. Research Methodology
  • 3. Spain Macro-Economic Indicators
  • 4. Spain Plant-Based Milk Market Category Analysis
  • 4.1. Key findings
  • 4.2. Market Drivers
  • 4.3. Market Restraints
  • 4.4. Policies & Certification
  • 4.5. Opportunities
  • 4.6. Value Chain Analysis
  • 4.7. Key Developments - 2021
  • 5. Spain Plant-Based Milk Market Trends
  • 6. Spain Plant-Based Milk Market Overview
  • 6.1. Market Size by Value
  • 6.2. Market Share
  • 6.2.1. By Source
  • 6.2.2. By Formulation
  • 6.2.3. By Sales Channel
  • 7. Spain Plant-Based Milk Market Segmentations
  • 7.1. Spain Plant-Based Milk Market, By Source
  • 7.1.1. Spain Plant-Based Milk Market Size, By Soy Milk, 2016 - 2027F
  • 7.1.2. Spain Plant-Based Milk Market Size, By Almond Milk, 2016 - 2027F
  • 7.1.3. Spain Plant-Based Milk Market Size, By Rice Milk, 2016 - 2027F
  • 7.1.4. Spain Plant-Based Milk Market Size, By Coconut Milk, 2016 - 2027F
  • 7.1.5. Spain Plant-Based Milk Market Size, By Oat Milk, 2016 - 2027F
  • 7.1.6. Spain Plant-Based Milk Market Size, By Other Milk, 2016 - 2027F
  • 7.2. Spain Plant-Based Milk Market, By Formulation
  • 7.2.1. Spain Plant-Based Milk Market Size, By Plain Milk, 2016 - 2027F
  • 7.2.2. Spain Plant-Based Milk Market Size, By Flavoured Milk, 2016 - 2027F
  • 7.3. Spain Plant-Based Milk Market, By Sales Channel
  • 7.3.1. Spain Plant-Based Milk Market Size, By Supermarket/ Hypermarket, 2016 - 2027F
  • 7.3.2. Spain Plant-Based Milk Market Size, By Convenience stores, 2016 - 2027F
  • 7.3.3. Spain Plant-Based Milk Market Size, By Online retailers, 2016 - 2027F
  • 7.3.4. Spain Plant-Based Milk Market Size, By Others, 2016 - 2027F
  • 8. Spain Plant-Based Milk Market Opportunity Assessment
  • 8.1. By Plant-Based Milk By Source, 2022F to 2027F
  • 8.2. By Plant-Based Milk By Formulation, 2022F to 2027F
  • 8.3. By Plant-Based Milk By Sales Channel, 2022F to 2027F
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profiles
  • 9.2.1. Company 1
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Tables
Table 1: Spain Plant-Based Milk Market Share by Formulation (2016 - 2021 & 2022 - 2027)
Table 2: Spain Plant-Based Milk Market Size of Soy Milk (2016 to 2027F) (In USD Million)
Table 3: Spain Plant-Based Milk Market Size of Almond Milk (2016 to 2027F) (In USD Million)
Table 4: Spain Plant-Based Milk Market Size of Rice Milk (2016 to 2027F) (In USD Million)
Table 5: Spain Plant-Based Milk Market Size of Coconut Milk (2016 to 2027F) (In USD Million)
Table 6: Spain Plant-Based Milk Market Size of Oat Milk (2016 to 2027F) (In USD Million)
Table 7: Spain Plant-Based Milk Market Size of Other Milk (2016 to 2027F) (In USD Million)
Table 8: Spain Plant-Based Milk Market Size of Plain Milk (2016 to 2027F) (In USD Million)
Table 9: Spain Plant-Based Milk Market Size of Flavoured Milk (2016 to 2027F) (In USD Million)
Table 10: Spain Plant-Based Milk Market Size of Supermarket/ Hypermarket (2016 to 2027F) (In USD Million)
Table 11: Spain Plant-Based Milk Market Size of Convenience stores (2016 to 2027F) (In USD Million)
Table 12: Spain Plant-Based Milk Market Size of Online retailers (2016 to 2027F) (In USD Million)
Table 13: Spain Plant-Based Milk Market Size of Others (2016 to 2027F) (In USD Million)
Table 14: Key Facts of Company 1
Table 15: Key Facts of Company 2
Table 16: Key Facts of Company 3
Table 17: Key Facts of Company 4
Table 18: Key Facts of Company 5
Table 19: Key Facts of Company 6
Table 20: Key Facts of Company 7
Table 21: Key Facts of Company 8

List of Figures
Figure 1: Spain Plant-Based Milk Market Size by Value 2016 to 2027 (In USD Million)
Figure 2: Spain Plant-Based Milk Market Share by Source (2016, 2021 & 2027)
Figure 3: Spain Plant-Based Milk Market Share by Sales Channel (2016, 2021 & 2027)
Figure 4: Market Attractiveness Index, By Source
Figure 5: Market Attractiveness Index, By Formulation
Figure 6: Market Attractiveness Index, By Sales Channel
Figure-7: Porter's Five Forces Meter of Plant-Based Milk Industry in Spain
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Spain Plant-Based Milk Market Overview, 2027

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