GOOD KARMA FOODS, INC., Go Dairy Free, Linwoods, and other domestic and global players are among the major players covered in the flax milk market.
According to a recent report by Future Market Insights, market research and competitive intelligence provider, sales of flax milk is estimated to reach a value of US$ 71.1 Million by 2032, surging at 5.6% CAGR through the decade.
The health trend is presently at an all-time high and customers are desiring healthier food and are becoming increasingly demanding for better alternatives as a result. In consistent with this organic trend, in which people are prepared to pay a higher price for organic and healthful food, the global flax milk market has surfaced to be lucrative business.
Rapid urbanisation and changes in lifestyle are contributing to a trend toward more convenient or packaged food alternatives has created a fair ground for the higher sales of flax milk in present times. Furthermore, flax milk manufacturers are also seeking to innovate and give a healthier option to customers that can drive the market in new parts of the world.
The demand for flax milk is likely to be dominated by the United States in the coming days. This can be linked to greater consumer knowledge of the health advantages of flax milk in the United States and Canada, as well as rising demand for plant-based milk amidst the rising trend of milk alternative protein consumption.
And during forthcoming years, future directions in the Brazilian flax milk market are predicted to rise at a quick rate. This is due to an increase in market and positive attitude towards plant-based milk products in Brazil and other Latin American nations.
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The flax milk market adoption trends have suffered some setbacks during the pandemic period, as all shops, stalls, and restaurants were forced to close down. However, the tendency of consumers to use healthy food and beverage products in the aftermath of pandemic situation is expected to revive the flax milk market opportunities in the following years by exhibiting a higher than the CAGR of 4.3% followed during the pre-pandemic period.
Key Takeaways from Market Study
Competitive Landscape for the Global Flax Milk Market
Flax milk manufacturers have introduced products in both flavoured and unflavoured product categories, and a demand surplus has been observed in the sales of these products, despite the fact that the majority of the products are sold under private labels.
“Increased research activities and mergers and acquisitions will create new and ample opportunities for the growth of the flax milk market during the forecast period,” says a lead analyst at Future Market Insights.
Among the major players covered in the flax milk market report are GOOD KARMA FOODS, INC., Go Dairy Free, Linwoods, and some other domestic and global players.
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Good karma flax milk is the most popular and widely available product on the worldwide market. Over the years, Good Karma plant-based milk products have become the most well-known vegan alternative food dominating the present global flax milk market as well.
Flax Milk Market by Category
By Product Type, Flax Milk Market is segmented as:
By Distribution Channel, Flax Milk Market is segmented as:
By Region, Flax Milk Market is segmented as:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Jul 18, 2022
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