Global Plant-based Beverages Market
The GMI Research forecasts that the Plant-based Beverages Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growth in health awareness, increase in disposable income, and rise in the number of people allergic to dairy.
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Introduction of the Plant-based Beverages Market:
Plant-based beverages are drinks that can be used as an alternative to dairy. They are derived from plants and are regarded as a very healthy substitute to dairy owing to presence of several essential vitamins, protein, essential amino acids, and minerals. They are also low on fats, cholesterol and have zero concentration of lactose. Plant-based beverages are the substitute for dairy products which is derived from plants.
Key Players of the Global Plant-based Beverages Market:
- The Hain Celestial Group, Inc.
- Pacific Foods of Oregon, Inc
- Want Want China Holdings Limited
- Koia
- The Coca-Cola Company
- SunOpta Inc.
- Kikkoman Corporation
- Califia Farms LP
- Blue Diamond Growers
Plant-based Beverages Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The global plant-based beverages market is primarily driven by factors that include mounting apprehension towards health led by the increasing incidences of obesity, diabetes, and cardiovascular diseases, augmenting demand for vegan food options, accelerating urban population, and rising health concerns in developing countries about the consumption of animal-based diets. Besides this, consumers’ growing busy and hectic lifestyle, especially in developing countries, is urging them to seek low-calorie food with immense nutritional value. In addition, the soaring lactose intolerant population, enlargement of the beverage sector, high disposable income of the middle-class population, and the transpiring prevalence of the lactose intolerant population are other drivers stimulating the market growth. The escalating inclination towards vegan-diet and aggravating demand for non-dairy milk products will bolster the plant-based beverages market size. Furthermore, leading market players are mainly investing in various new products of plant-based beverages, bringing out lucrative opportunities in the coming years. However, the inflated cost of these drinks as compared to dairy-based products will hinder the market growth.
Plant-based Beverages Market Segmentation:
Segmentation by Source
- Almond
- Soy
- Coconut
- Rice
- Others
Segmentation by Type
- Milk
- Other Drinks
Segmentation by Function
- Cardiovascular health
- Cancer prevention
- Lactose intolerance
- Bone health
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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