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.
Japan Plant Protein Industry is Expected to Grow at a CAGR of 12.7% During 2021-2027| Plant Protein Market Dynamics| Market Size by Ingredients| Market Share Analysis by Sales Channels
In the wake of coronavirus outbreak, consumers are seeking healthy and safe meat alternatives, thereby driving the demand for plant-based meat in Japan. For instance, Marukome, a major manufacturer of miso pastes...
