"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.
Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally
Download SampleDuring 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)
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.
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"
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