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Global Alternative waters (Plant based waters) Market to reach USD 24.01 billion by the end of 2029.

Global Alternative waters (Plant based waters) Market Size study & Forecast, by Product Type (Coconut Water, Maple Water, Birch Water, Other), by Application (Flavored, Natural), by Distribution Channel (Offline Retail, Online Stores) and Regional Analysis, 2022-2029

Product Code: OIRFB-40839241
Publish Date: 25-01-2023
Page: 200

Global Alternative waters (Plant based waters) Market is valued at approximately USD 5.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 19% over the forecast period 2022-2029. Plant-based alternative water also known as infused water is water extracted from different types of plant-based sources. Plant based water is extracted through different techniques from a wide range of plants such as Coconut, Aloe Vera, Cactus Water, Birch Water, and Maple Water among others. Plant based water offers various health benefits, Coconut water is considered rich in calcium, vitamin C, magnesium, and amino acids. Moreover, Birch and Maple Water are rich in vitamin B2, calcium, potassium, and manganese. The application of plant-based water improves the digestive system, promotes weight loss, and works as a natural deodorizer for the human body. The increasing consumption of plant-based drinks and rising number of health conscious individuals as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing demand for plant-based drinks is a key factor contributing to the growth of the Global Alternative waters (Plant based waters) Market. For instance, according to Good Food Institute (GFI)’s estimates – in 2019, the sales of Plant-based ready-to-drink beverage in the United States was valued at USD 122 million, and the sales further increased to USD 137 million in 2020. Moreover, in 2020 more than 41 million units of plant-based ready-to-drink beverages were sold in the USA. Also, growing prevalence of lifestyle diseases and rising emergence of online distribution platforms would create a lucrative growth prospectus for the market over the forecast period. However, the high cost associated with plant-based waters and availability of alternative beverages hinder the global market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Alternative waters (Plant based waters) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share owing to increasing demand for plant-based beverages as well as presence of leading market players in the region. Whereas Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to factors such as rising number of health-conscious individuals, growing penetration of quick-service restaurants, and increasing incidences of lifestyle diseases in the region.

Major market players included in this report are:
The Coca Cola Company
PepsiCo Inc
All Market
Wtrmln Wtr
ARTY Water
Sibberi Tree Water
Happy Tree Maple Water
Harmless Harvest

Recent Developments in the Market:
 In January 2019, Yonale Birch Water launched its new range of packaged birch water. Moreover, Yönalé Birch Water is certified USDA Organic, non-GMO, paleo-friendly, keto-friendly and doesn’t contain added water or preservatives. Each bottle of birch water contains only 3g of sugar.

 In September 2020, Denver, USA based Caribe Juice acquired WTRMLN WTR. WTRMLN WTR is a leading manufacturer of cold-pressed juiced watermelon beverages. This acquisition would enable Carbide Juice to strengthen its cold-pressed beverages portfolio.

Global Alternative waters (Plant based waters) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Coconut Water
Maple Water
Birch Water

By Application

Distribution Channel
Offline Retail
Online Stores

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Alternative waters (Plant based waters) Market, by Region, 2019-2029 (USD Billion)
1.2.2. Alternative waters (Plant based waters) Market, by Product Type, 2019-2029 (USD Billion)
1.2.3. Alternative waters (Plant based waters) Market, by Application, 2019-2029 (USD Billion)
1.2.4. Alternative waters (Plant based waters) Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Alternative waters (Plant based waters) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Alternative waters (Plant based waters) Market Dynamics
3.1. Alternative waters (Plant based waters) Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing consumption of plant-based drinks Rising number of health conscious individuals Strategic initiatives from leading market players
3.1.2. Market Challenges High Cost associated with plant-based waters Availability of alternative beverages
3.1.3. Market Opportunities Growing prevalence of lifestyle diseases Rising emergence of online distribution platforms
Chapter 4. Global Alternative waters (Plant based waters) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Alternative waters (Plant based waters) Market, by Product Type
6.1. Market Snapshot
6.2. Global Alternative waters (Plant based waters) Market by Product Type, Performance – Potential Analysis
6.3. Global Alternative waters (Plant based waters) Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Alternative waters (Plant based waters) Market, Sub Segment Analysis
6.4.1. Coconut Water
6.4.2. Maple Water
6.4.3. Birch Water
6.4.4. Other
Chapter 7. Global Alternative waters (Plant based waters) Market, by Application
7.1. Market Snapshot
7.2. Global Alternative waters (Plant based waters) Market by Application, Performance – Potential Analysis
7.3. Global Alternative waters (Plant based waters) Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Alternative waters (Plant based waters) Market, Sub Segment Analysis
7.4.1. Flavored
7.4.2. Natural
Chapter 8. Global Alternative waters (Plant based waters) Market, by Distribution Channel
8.1. Market Snapshot
8.2. Global Alternative waters (Plant based waters) Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Alternative waters (Plant based waters) Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
8.4. Alternative waters (Plant based waters) Market, Sub Segment Analysis
8.4.1. Offline Retail
8.4.2. Online Stores
Chapter 9. Global Alternative waters (Plant based waters) Market, Regional Analysis
9.1. Alternative waters (Plant based waters) Market, Regional Market Snapshot
9.2. North America Alternative waters (Plant based waters) Market
9.2.1. U.S. Alternative waters (Plant based waters) Market Product Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Alternative waters (Plant based waters) Market
9.3. Europe Alternative waters (Plant based waters) Market Snapshot
9.3.1. U.K. Alternative waters (Plant based waters) Market
9.3.2. Germany Alternative waters (Plant based waters) Market
9.3.3. France Alternative waters (Plant based waters) Market
9.3.4. Spain Alternative waters (Plant based waters) Market
9.3.5. Italy Alternative waters (Plant based waters) Market
9.3.6. Rest of Europe Alternative waters (Plant based waters) Market
9.4. Asia-Pacific Alternative waters (Plant based waters) Market Snapshot
9.4.1. China Alternative waters (Plant based waters) Market
9.4.2. India Alternative waters (Plant based waters) Market
9.4.3. Japan Alternative waters (Plant based waters) Market
9.4.4. Australia Alternative waters (Plant based waters) Market
9.4.5. South Korea Alternative waters (Plant based waters) Market
9.4.6. Rest of Asia Pacific Alternative waters (Plant based waters) Market
9.5. Latin America Alternative waters (Plant based waters) Market Snapshot
9.5.1. Brazil Alternative waters (Plant based waters) Market
9.5.2. Mexico Alternative waters (Plant based waters) Market
9.5.3. Rest of Latin America Alternative waters (Plant based waters) Market
9.6. Rest of The World Alternative waters (Plant based waters) Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. The Coca Cola Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. PepsiCo Inc
10.2.3. Oviva
10.2.4. All Market
10.2.5. Caliwater
10.2.6. Wtrmln Wtr
10.2.7. ARTY Water
10.2.8. Sibberi Tree Water
10.2.9. Happy Tree Maple Water
10.2.10. Harmless Harvest
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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