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 research may be useful for leading businesses looking for new sources of income, as well as for businesses aiming to diversify into new markets or expand their current operations, as well as for businesses seeking to diversify into new markets.
How will this Report Benefit you?
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Plant-Based Beverages market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Plant-Based Beverages . To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
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Global Plant-Based Beverages market research report offers a panoramic view of the Plant-Based Beverages market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Plant-Based Beverages market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Top competitors of the Plant-Based Beverages Market profiled in the report include:
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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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Key Objectives of the Report:
- Analysis and estimation of the Plant-Based Beverages market size and share for the projected period of 2021-2028
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Plant-Based Beverages market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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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
Regional Analysis of the Plant-Based Beverages Market:
- 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)
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