Plant-Based Beverages Market Forecasts to 2028 – Global Analysis By Flavor (Plain, Flavored), Nature (Organic, Conventional), Packaging (Cans, Carton Packaging) and By Geography
According to Stratistics MRC, the Global Plant-Based Beverages Market is accounted for $15.96 billion in 2020 and is expected to reach $45.52 billion by 2028 growing at a CAGR of 14.0% during the forecast period. The rising number of product launches and funds by key players and the rapidly rising beverage industry are the major factor driving the market growth. However, the high costs of plant-based beverages and lack of knowledge among customers are hampering the growth of the market.
Plant-based beverages are also named plant-based milk or plant milk. Plant-based beverages are taken out from plant material comprising seeds grain and water as a vehicle. These are often used as a substitute for dairy milk and are mostly preferred by consumers who are prone to lactose intolerance. Almond milk is the most popular plant-based milk.
Based on the source, the organic segment is going to have lucrative growth during the forecast period, due to the growing consciousness of consumers in the developed countries for organic food products and growing awareness for health and wellness. By geography, North America is going to have high growth during the forecast period, owing to the rise in the trend of veganism and increase in consumer’s consciousness regarding health and fitness in the province.
Some of the key players profiled in the Plant-Based Beverages Market include Danone S.A, Pacific Foods of Oregon, LLC, LBlue Diamond Growers, Inc., SunOpta, The Hain Celestial Group, Inc., Freedom Foods Group Ltd., Califia Farms, Harmless Harvest, Koia, Vitasoy International Holdings Ltd.
• Carton Packaging
• Glass Bottles
• Plastic Bottles & Pouches
Mode of Types Covered:
• Other Drinks
• Dairy Alternatives
• Ready To Drink (RTD) Drinks
• Plant Based Juices
• Other Sources
• Bone Health
• Cancer Prevention
• Cardiovascular Health
• Lactose-Free Alternative
Distribution Channels Covered:
• Convenience Stores
• Hypermarkets & Supermarkets
• Specialty Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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