The global pea milk market is anticipated to surpass a valuation of US$ 138 million by the end of 2030. The spread of COVID-19 is bringing about declining supply of pea milk from one country to another country due to global lockdowns, which eventually diminishes the consumption of pea milk among end consumers.
Likewise, declining requests from consumers attributable to the shutdown of hotels, restaurants, and eateries, combined with decrease in production capacity, are factors adversely affecting the growth of the pea milk market. However, the market will experience a comeback once the COVID-19 pandemic is brought under control, as the resuming of F&B establishments universally will enhance the development of the global pea milk market.
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Key Takeaways from Pea Milk Market Study
“The COVID-19 pandemic is stunting the growth of the pea milk market. However, as the situation improves gradually, demand will resume back to normal across the world,” says a Fact.MR analyst.
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Product Launches to Enhance Market Resiliency
Key players in the pea milk market are Ripple Foods, Sproud, Bolthouse Farms, Devon Gardens, Snappea, Freedom foods, Mighty pea, Qwrkee, DrinkStar GmbH, and Vly Foods, among others. Some of the key developments in the market include:
Find More Valuable Insights on Pea Milk Market
Fact.MR, in its new offering, presents an unbiased analysis of the global pea milk market, presenting historical demand data (2016-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the pea milk market on the basis of flavor (original flavor, chocolate flavor, vanilla flavor, and barista flavor), sweetness (sweetened and unsweetened), pack size (8 oz, 25-32 oz, and 48 oz), packaging material (tetra packs and PET bottles), end user (individual consumers, HoReCa, gyms, and cafes), and sales channel (online retail and brick and mortar stores), across major regions.
About the Food & Beverages Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food & beverages team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed food and beverages industry across 50+ countries for over a decade.
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