Plant-based Milk Market Poised to Expand at a Robust Pace Over 2021-2031

A recent study published by Transparency Market Research on the plant-based milk market includes Asia Pacific industry analysis and opportunity assessment for 2021–2031. The revenue generated from the plant-based milk market in Asia Pacific is likely to value over 7.1 Bn in 2021, which is estimated to expand at a CAGR of 10.7%, to cross US$ 19.8 Bn by 2031. India and China impact the Asia Pacific region strongly. Both countries are the two largest markets in the region, followed by Japan and Indonesia. Rapid urbanization and high consumer expenditure growth in India and China are driving the market in the Asia Pacific region.