According
to the current analysis of Reports and Data, the Plant-Based
Beverages Market were valued at USD 15.69 Billion in 2020 and is
expected to reach USD 39.94 Billion by year 2028, at a CAGR of 12.30%.
Plant-based
beverages or non-dairy milk alternative is the fast-growing segment in the
newer food product development category of functional and specialty plant-based
beverages across the globe. Cow milk allergy, lactose intolerance, calorie
intake, and occurrence of hypercholesterolemia, more preference to vegan food
has attracted the consumers towards looking for cow milk alternatives.
Plant-based beverages alternatives are an emerging trend, which provides an
adequate alternate where cow’s milk supply is inadequate. Though various types
of innovative beverages from plant sources are being exploited for a cow milk
alternative, many of these face some/any technological issues, either related
to processing or preservation. The majority of these plant-based beverages lack
nutritional balance when compared to bovine milk; however, they contain
functionally active components with health-promoting properties that attract
health-conscious consumers.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Plant-Based
Beverages market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
· The
WhiteWave Foods Company (US),
· Blue
Diamond Growers (US),
· Pacific
Foods (US),
· Hain
Celestial (US),
· SunOpta
(Canada),
· Want
Want China Holdings Limited (China),
· Kikkoman
(Japan),
· Califia
Farms (US),
· The
Coca-Cola Company (US),
· Ripple
Foods (US)
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Plant-Based
Beverages Market Segmentation based on the basis of source,
- Almond
- Soy
- Coconut
- Rice
- Others (cashew, oats, pea, and hemp)
Plant-Based
Beverages Market Segmentation on
the basis of mode of type
- Milk
- Other drinks (smoothies, shakes, and nogs)
Plant-Based
Beverages Market Segmentation on
the basis of function
- Cardiovascular health
- Cancer prevention
- Bone health
- Lactose-free alternative
- Others
Plant-Based Beverages Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Plant-Based Beverages Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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reading our research report. We also offer report customization as per client
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