The latest market intelligence report, titled ‘Global Plant-Based Beverages Market ’, is intended to provide the target audience with the necessary information about the global Plant-Based Beverages Market industry. The report comprises a detailed analysis of the vital elements of the Plant-Based Beverages Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects
The global plant-based beverages market size was USD 17.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.1% during the forecast period. Rising lactose intolerance and milk allergies among individuals is primary key factor driving market revenue growth. According to the National Institute of Diabetes and Digestive, and Kidney Diseases, around 68% of the world’s population suffer from lactose malabsorption. Consumers choose plant-based milk since these are lactose-free, cholesterol free, and low in calories. Lactose-free milk contains vitamins A, D, and B12, as well as riboflavin and phosphorus, which are essential minerals for strong bones, for example, vitamin D in milk aids in calcium absorption. Dairy alternatives contain low-carb, low-calorie, and are ideal for people who struggle with weight management. In addition rising product launches by major companies is another key factor driving revenue growth of the market. For instance, on 10 July 2023, Bagrry's, a major brand in morning cereals and health foods, launched its long-awaited plant-based drinks. These beverages cater to the need of health-conscious persons looking for ethical, vegan, and sustainable solutions. Bagrry's plant-based drinks are meticulously created with the highest quality plant-based ingredients, ensuring a healthy and nourishing experience.
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Exhaustive coverage of the COVID-19 impact on the Plant-Based Beverages Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Research Report on the Plant-Based Beverages Market Addresses the Following Key Questions:
- Who are the dominant players of the Plant-Based Beverages market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Plant-Based Beverages market?
- What are the key growth drivers and restraining factors of the Plant-Based Beverages market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Plant-Based Beverages market and its key segments?
Global Plant-Based Beverages Market: Competitive Analysis :
Bayer AG, Abbott, DSM, Amway, Nature's Bounty, Nestlé, Mead Johnson & Company, LLC, Medifast, Inc., Premier Nutrition Corporation, LLC, and Health Food Manufacturers’ Association
The research study examines historic data from 2018 and 2020 to draw forecasts until 2032. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Plant-Based Beverages Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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Segments Covered in this report are:
-
Source Outlook (Revenue, USD Billion; 2019–2032)
- Almond
- Soy
- Coconut
- Rice
- Others
- Cashew
- Oats
- Pea
- Hemp
-
Type Outlook (Revenue, USD Billion; 2019–2032)
- Milk
- Other Drinks
- Smoothies
- Shakes
- Nogs
-
Product Outlook (Revenue, USD Billion; 2019–2032)
- Plain
- Flavored
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2023-2032
TOC of the global Plant-Based Beverages Market report:
- Chapter 1, describes the Plant-Based Beverages Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
- Chapter 2, analyzes the key manufacturers of Plant-Based Beverages Market , along with the sales, revenue, and price of Plant-Based Beverages Market , in the forecast period.
- Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
- Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Plant-Based Beverages Market, for each region, from 2020 to 2032.
- Chapters 5, 6, 7, 8 and 9, analyze the Plant-Based Beverages Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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