IMARC Group, a leading market research company, has recently releases report titled "Plant-Based Beverages Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global plant-based beverages market size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What are Plant-based beverages?

Plant-based beverages are drinks produced from plant-derived ingredients, such as fruits, vegetables, grains, nuts, seeds, and legumes. They include almond, soy, oat, rice milk, vegetable and fruit juices, herbal teas, and coconut water. They are packed with essential nutrients, vitamins, minerals, antioxidants, and dietary fiber. They aid in managing cholesterol levels and offer a healthy alternative to traditional beverages for individuals who are lactose intolerant, allergic to dairy, or following a vegan or plant-based diet. They are more environment-friendly than animal-derived beverages, contributing to more sustainable food systems. Moreover, some plant-based beverages contain compounds that help reduce the chances of diabetes and heart diseases.

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How big is the plant-based beverages market?

Report Attributes

Details

Market Size in 2022

US$ 28.4 Billion

Market Forecast in 2028

US$ 46.5 Billion

Growth rate (2023 to 2028)

CAGR of 12.41%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What are the growth prospects and trends in the Plant-based beverages industry?

The rise in health-conscious individuals represents one of the key factors catalyzing the global demand for plant-based beverages. Additionally, the increasing number of people adopting vegan and vegetarian diets for ethical, environmental, and health reasons is driving the demand for plant-based beverages. Apart from this, the expansion of hotels and restaurants is resulting in the escalating consumption of plant-based beverages. Furthermore, the easy availability of plant-based beverages across online distribution channels at affordable rates is positively influencing the market. Moreover, increasing investments and efforts by manufacturers and health organizations to educate consumers about the benefits of plant-based beverages are offering a favorable market outlook.

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Who are the key players operating in the industry?

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Califia Farms LLC

• Blue Diamond Growers Inc

• Danone S.A.

• Drink Koia Online

• Kikkoman Corporation

• Organic Valley

• Pacific Foods of Oregon LLC (Campbell Soup Company)

• PureHarvest

• Ripple Foods

• SunOpta Inc. and The Coca-Cola Company.

What is included in market segmentation?

Breakup by Type:

• Soy-based

• Coconut-based

• Almond-based

• Rice-based

• Oats-based

• Hemp-based

• Hazelnut-based

• Cashew-based

• Flax-based

Breakup by Product:

• Plain

• Flavored

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets

• Convenience Stores

• Specialty Stores

• Online Stores

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023-2028)

• Porter's Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.