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.
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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.
Flavors Covered:
• Plain
• Flavored
Natures Covered:
• Organic
• Conventional
Packagings Covered:
• Cans
• Carton Packaging
• Glass Bottles
• Plastic Bottles & Pouches
Mode of Types Covered:
• Milk
• Other Drinks
Sources Covered:
• Dairy Alternatives
• Ready To Drink (RTD) Drinks
• Plant Based Juices
• Other Sources
Functions Covered:
• Bone Health
• Cancer Prevention
• Cardiovascular Health
• Lactose-Free Alternative
Distribution Channels Covered:
• Convenience Stores
• Hypermarkets & Supermarkets
• Online
• Specialty Stores
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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