With the emergence and long-term Impact of COVID-19, Global Plant-based Beverages Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on Global Plant-based Beverages Market points towards a potential rise to USD xx billion by 2030. Plant-based beverages are non-dairy drinks made from a variety of plant sources, and they have gained popularity as alternatives to traditional dairy milk. These beverages are often used by individuals who are lactose intolerant, have dairy allergies, follow a vegan lifestyle, or simply prefer non-dairy options for health or ethical reasons. Common plant-based beverages include almond milk, soy milk, rice milk, oat milk, coconut milk, and hemp milk. Key factors driving the market growth are rising health consciousness, growing vegan, and vegetarian trends, rising product development, and increase in disposable income that anticipated to support the market growth.
Geographically, the global Plant-based Beverages market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of key market players, a rising number of health-conscious consumers, a growing prevalence of lactose intolerance, and a rise in the inclination of consumers toward healthy and low-fat beverages. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the increasing health concerns among consumers, the rising trend of adopting plant-based food & beverage products, increasing demand for nutrient-rich beverage products, and growing vegan and vegetarian trends in the region.
The global Plant-based Beverages market is highly competitive owing to the presence of several key players such as Danone S.A. Pacific Foods of Oregon, LLC Blue Diamond Growers, Inc. SunOpta The Hain Celestial Group, Inc. Noumi Ltd. Califia Farms, LLC Harmless Harvest Koia Vitasoy International Holdings Ltd., and others.
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Key findings of the study suggest:
- Global Plant-based Beverages Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the Product segment, Plain emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising number of health-conscious consumers in the region.
- Asia Pacific is expected to grow at higher rate owing to rising trend of adopting plant-based food & beverage products in the region
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Soy
- Coconut
- Almond
- Oat
- Others
By Product:
- Plain
- Flavored
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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