Global Demand for Plant Based Beverages Market to Incur Considerable Upsurge During 2017 – 2027

Carbonated Beverages Market

Plant-based beverages are dairy alternatives made from plants such as potato, oat, coconut, almond, hemp, soy, and rice. The global plant-based beverages market is expected to grow at a significant growth rate, attributed to food and beverages industry across the globe over the forecast period. The Europe plant-based beverages market is expected to register a relatively high revenue share over the forecast period followed by North America plant-based beverages market, attributed to increasing demand for plant-based beverages in the retail as well as food service centres segment. Asia-Pacific is expected to account for relatively high volume share with a significant growth rate in the global plant-based beverages market over the forecast period.

The major factor driving the industrial segment in global plant-based beverages market include increasing health consciousness among consumers and high demand for low-fat food and beverages across the globe. Growing food & beverages industry and medicinal benefits of plant-based beverages are also some of the important factors driving the global plant-based beverages market. Companies manufacturing plant based beverages products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to rapidly growing demand for food & beverages and low-fat food and beverages over the forecast period. The changing food habits and trying new and expensive food items by the consumers are another important factor trending the global plant-based beverages market.

The global plant-based beverages market is segmented on the basis of product type, distribution channel, source, and region. On the basis of product type, a single segment is expected to dominate the global plant-based beverages market over the forecast period. The retail segment is expected to expand at a significant growth rate over the forecast period on the basis of a distribution channel. Among the source segments, a natural segment is expected to dominate the global plant-based beverages market. The natural segment is followed by organic segment and is expected to expand at a significant growth rate over the forecast period in global plant-based beverages market.

On the basis of geography, the global plant-based beverages market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, North America is expected to dominate the global plant-based beverages market in terms of revenue contribution owing to increasing health consciousness among consumers in the region. North America is followed by Western Europe in global plant-based beverages market, attributed to high demand for low-fat food and beverages across the region. APEJ plant-based beverages market is expected to expand at a significant growth rate, attributed to the high growth of plant-based products and beverages in the region over the forecast period. The Middle East & Africa is expected to represent a moderate opportunity in the global plant-based beverages market, owing to the moderate economic, agricultural, and industrial growth in the region. Overall, the outlook for the global plant-based beverages market is positive over the forecast period.

Some of the players identified in the global plant-based beverages market include So Delicious Dairy Free, E.I. WhiteWave Services, Inc., Blue Diamond Growers, Pacific Foods of Oregon, Inc., Dream Beverage, Inc., Califia Farms LP, The Coca-Cola Company, Sunrich Naturals, Chia Star, Inc., and Graindrops LLC.

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About Ankush Nikam 42929 Articles
Ankush Nikam is a seasoned digital marketing professional, having worked for numerous online firms in his distinguished career. He believes in continuous learning, considering that the digital marketing sector’s rapidly evolving nature. Ankush is an avid music listener and loves to travel.