One of the primary factors driving the growth of the North American plant-based Beverages Market is the rise in health consciousness across the area. The market is growing due to a rise in consumers substituting plant-based beverages for dairy milk and high adoption of the products due to the nutritional benefits offered by plant-based dairy substitute beverages.
North America Plant-based Beverages Market Overview:
The Stellar Market Research (SMR) report analyses the historical and projected growth of the upstream, midstream, and downstream businesses. The market research for the North America Plant-based Beverages market offers thorough details on the market’s overall size, overall revenue, and market segmentation. The current market competition, potential growth hurdles, principal manufacturer profiles, production and consumption by major regions, and other factors are all carefully considered by the SMR study.
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North America Plant-based Beverages Market Scope:
By Product Type, Based on product type, the market is bifurcated into Alcoholic Drinks, Non-Alcoholic Drinks, and Other Beverages. Alcoholic drinks segment has dominated the market with a share of 62% in 2021 and are expected to remain the largest product segment during the forecast period. The growth is attributed to the predominant consumption of alcoholic beverages during traditional ceremonies and socio-cultural events such as weddings, baptisms, funerals, enthronements, initiations, and festivals.
North America Plant-based Beverages Market Segmentation
By Type, the market is segmented as Wheat Protein, Soy Protein, Pea Protein, and Others. Wheat Protein Plant-based Beverages dominated the market with a 36.2% share in 2020. Gliadin and glutenin are two insoluble protein families found in wheat. Wheat protein generates an elastic texture that allows for a high level of dough strength in plant-based manufacturing. Soft, elastic, and extensible texture made from wheat protein isolates. Wheat is one of the most important sources of plant protein for humans. Wheat proteins, like other grain staples, do not have the same high concentration of nutritionally important amino acids as plant protein sources which is the major factor for driving the growth of the segment.
Key Players:
Hain Celestial (New York)
Pureharvest (U.S)
SunOpta (Canada)
Ripple Foods (U.S)
Califia Farms (California)
THE COCA COLA COMPANY (U.S)
Pulmuone Foods (USA)
Troll Bridge Creek (Canada)
CSC BRANDS, L.P. (U.S)
Blue Diamond Growers (U.S)
The SMR report also includes details about the leading global players in the North America Plant-based Beverages market, including company profiles, product images and specifications, statistics on capacity and output, pricing and cost information, revenue data, and contact details. Investigated include raw resources, machinery, and downstream and upstream demand.
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North America Plant-based Beverages Market Regional Analysis:
Europe, North America, Asia Pacific, the Middle East and Africa, and South America make up the market’s five geographical categories. All of the major geographic categories and market sub-segments are presented by Stellar Market Research. In this SMR report, we look at market size, share, and volume in terms of regional development. This Stellar Market Research North America Plant-based Beverages market report offers a complete analysis of business chain structures, opportunities, and latest market headlines in addition to data, regional breakdowns, and revenue.
Key Questions answered in the North America Plant-based Beverages Market Report are:
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About Stellar Market Research:
Stellar Market Research, an Indian consulting firm, was founded in 2018. In order to help clients achieve their organisational transformation goals, it specialises in offering long-term planning and advisory services. Using its extensive network and in-depth knowledge of the industry, the organisation creates informed comments on reports that give clients a tactical edge. Customers have access to a market portfolio that will help their company over time create a strong presence, prepare for outcomes, and take the necessary actions for extraordinary growth and market dominance. A lot of thought is put to secondary market research, customer purchasing patterns, and pricing adjustments.
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