Plant-Based Beverages Market Size, Key Plant-Based Beverages Market...

Plant-Based Beverages Market Size, Key Plant-Based Beverages Market Players, SWOT, Revenue Growth Analysis

Posted 2024-01-16 05:57:58

A wide range of vital market parameters, including geographical segments, technological spectrum, miscellaneous product types, application landscape, numerous business verticals, sales and distribution channels, and several others, has been included in this report. Our team of researchers has taken a unique approach to analyze the global market and, thus, highlighted the key parameters that influence the overall market growth. Several efficient analytical tools like SWOT analysis and Porter’s Five Forces have been employed to inspect the strengths, weaknesses, opportunities, and threats associated with the growth of the crucial market segments.

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.

The Global Plant-Based Beverages Market report presents comprehensive information covering insightful data for businesses and investors for the time period of . The report studies the historical data of the Plant-Based Beverages market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Plant-Based Beverages market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Plant-Based Beverages market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Plant-Based Beverages market.

Plant-Based Beverages Market Segmentation:

Source Outlook (Revenue, USD Billion; 2019–2032)
- Almond
- Soy
- Coconut
- Rice
- Others
  1. Cashew
  2. Oats
  3. Pea
  4. Hemp

Type Outlook (Revenue, USD Billion; 2019–2032)
- Milk
- Other Drinks
  1. Smoothies
  2. Shakes
  3. Nogs

Product Outlook (Revenue, USD Billion; 2019–2032)
- Plain
- Flavored

The report also discusses the key players involved in the market such as

Bayer AG, Abbott, DSM, Amway, Nature's Bounty, Nestlé, Mead Johnson & Company, LLC, Medifast, Inc., Premier Nutrition Corporation, LLC, and Health Food Manufacturers’ Association

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Key Reasons to Buy This Report:

The report presents a thorough examination of the Plant-Based Beverages market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.

Regional Landscape section of the Plant-Based Beverages report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

Major Geographies Analyzed in the Report:

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)

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Target Audience of the Global Plant-Based Beverages Market Report:

Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

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