Russia Plant-Based Milk Market Overview, 2027

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

"Russia's market for plant-based milk has grown significantly in recent years as a result of shifting customer preferences, rising health consciousness, and growing environmental sustainability awareness. Non-dairy or alternative milk, commonly referred to as ""plant-based milk,"" is milk made from plant sources like soy, almond, oat, rice, and coconut. In Russia, issues including lactose intolerance, vegan or vegetarian lifestyles, and a desire for healthier and more environmentally friendly beverage options have all contributed to the demand for plant-based milk substitutes. According to the research report ""Russia 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 oldestplant-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 isa rich source of nutrients and free from dairy allergens and other additives that cause adverseeffects 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 marketshares among other flavors due to their increasing popularity among young consumers. During theforecast period, other flavors like coffee, mocha, and coco will grow at a significant rate due tocontinuous innovation. Supermarkets and convenience stores have the highest market shares.

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During the forecast period, the online channel is expected to grow at a rate higher than any othersales 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 athreat to the growth of the plant-based milk market. Covid-19continues to be a significant challenge for all businesses worldwide. The pandemic hasresulted in a sudden increase in the Country’s plant-based food and beverage products. The demandfor 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 tohealthy eating habits.In addition to being a good source of protein, it offers a variety of flavors. As a result, most foodcompanies have changed their marketing and manufacturing strategies to promote them more than other traditional health foods. Considered in this report: • Geography: Russia • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Russia 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)

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Prashant Tiwari

Prashant Tiwari

Research Analyst

Type of milk by formulation: • Plain milk • Flavored milk 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 pressreleases, annual report of companies, analysing the government generated reports and databases.After gathering the data from secondary sources primary research was conducted by makingtelephonic interviews with the leading players about how the market is functioning and thenconducted 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, agegroup, and gender. Once we have primary data with us we have started verifying the detailsobtained from secondary sources.

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Prashant Tiwari

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 increasecompetitive knowledge about the industry"

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. Russia Macro-Economic Indicators
  • 4. Russia 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. Russia Plant-Based Milk Market Trends
  • 6. Russia 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. Russia Plant-Based Milk Market Segmentations
  • 7.1. Russia Plant-Based Milk Market, By Source
  • 7.1.1. Russia Plant-Based Milk Market Size, By Soy Milk, 2016 - 2027F
  • 7.1.2. Russia Plant-Based Milk Market Size, By Almond Milk, 2016 - 2027F
  • 7.1.3. Russia Plant-Based Milk Market Size, By Rice Milk, 2016 - 2027F
  • 7.1.4. Russia Plant-Based Milk Market Size, By Coconut Milk, 2016 - 2027F
  • 7.1.5. Russia Plant-Based Milk Market Size, By Oat Milk, 2016 - 2027F
  • 7.1.6. Russia Plant-Based Milk Market Size, By Other Milk, 2016 - 2027F
  • 7.2. Russia Plant-Based Milk Market, By Formulation
  • 7.2.1. Russia Plant-Based Milk Market Size, By Plain Milk, 2016 - 2027F
  • 7.2.2. Russia Plant-Based Milk Market Size, By Flavoured Milk, 2016 - 2027F
  • 7.3. Russia Plant-Based Milk Market, By Sales Channel
  • 7.3.1. Russia Plant-Based Milk Market Size, By Supermarket/ Hypermarket, 2016 - 2027F
  • 7.3.2. Russia Plant-Based Milk Market Size, By Convenience stores, 2016 - 2027F
  • 7.3.3. Russia Plant-Based Milk Market Size, By Online retailers, 2016 - 2027F
  • 7.3.4. Russia Plant-Based Milk Market Size, By Others, 2016 - 2027F
  • 8. Russia 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: Russia Plant-Based Milk Market Share by Formulation (2016 - 2021 & 2022 - 2027)
Table 2: Russia Plant-Based Milk Market Size of Soy Milk (2016 to 2027F) (In USD Million)
Table 3: Russia Plant-Based Milk Market Size of Almond Milk (2016 to 2027F) (In USD Million)
Table 4: Russia Plant-Based Milk Market Size of Rice Milk (2016 to 2027F) (In USD Million)
Table 5: Russia Plant-Based Milk Market Size of Coconut Milk (2016 to 2027F) (In USD Million)
Table 6: Russia Plant-Based Milk Market Size of Oat Milk (2016 to 2027F) (In USD Million)
Table 7: Russia Plant-Based Milk Market Size of Other Milk (2016 to 2027F) (In USD Million)
Table 8: Russia Plant-Based Milk Market Size of Plain Milk (2016 to 2027F) (In USD Million)
Table 9: Russia Plant-Based Milk Market Size of Flavoured Milk (2016 to 2027F) (In USD Million)
Table 10: Russia Plant-Based Milk Market Size of Supermarket/ Hypermarket (2016 to 2027F) (In USD Million)
Table 11: Russia Plant-Based Milk Market Size of Convenience stores (2016 to 2027F) (In USD Million)
Table 12: Russia Plant-Based Milk Market Size of Online retailers (2016 to 2027F) (In USD Million)
Table 13: Russia 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: Russia Plant-Based Milk Market Size by Value 2016 to 2027 (In USD Million)
Figure 2: Russia Plant-Based Milk Market Share by Source (2016, 2021 & 2027)
Figure 3: Russia 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 Russia

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Russia Plant-Based Milk Market Overview, 2027

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