Plant drinks are drinks that can be replaced by dairy products. These drinks are plant-based and are considered a very healthy alternative to dairy products. Soy milk, rice milk, oat milk, cashew milk, coconut milk, flax milk and almond milk are some of the most popular choices for plant-based beverages around the world. They are measured vigorous, due to the occurrence of several indispensable vitamins and minerals. They are also low in fat, cholesterol, and lactose-free. We have considered segment analysis in the plant-based beverages market as by product, source and region.
Plant-based beverages Market Report Scope and Research Methodology:
The main aim of the Plant-based beverages Market report is to provide a comprehensive analysis of the market to the stakeholders in easy language. Market research has been done by dividing the Plant-based beverages market into major segments. These main segments of the Plant-based beverages Market were further divided into various sub-segments. A detailed analysis of drivers, opportunities, restraints, and challenges in the Plant-based beverages industry has been provided region-wise and segment-wise in the report. The market report presents an in-depth analysis of the Plant-based beverages Market including historical data, meaningful insights, facts, and statistically supported and industry-validated market statistics with estimates based on an appropriate set of assumptions and methodologies.
The primary and secondary research methods were used to collect the data for the Plant-based beverages market report and the data collected for the report was combined and analysed to get accurate and error-free findings. The secondary research includes a review of annual and financial reports of leading players, while primary research includes interviews with important opinion leaders and Plant-based beverages industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. To estimate the Plant-based beverages market size, the bottom-up approach was employed. SWOT analysis was employed to provide the strengths and weaknesses of the Plant-based beverages Market with the PESTLE and PORTER analysis to provide the effects of macroeconomic and microeconomic factors on the Plant-based beverages Market.
Plant-based beverages Market Report Overview:
The report covers the Plant-based beverages Market’s most recent revenue and trends. It includes Plant-based beverages Market overview, definition, structure, and preventative and pre-planned management. The report focuses on the factors that affect the Plant-based beverages Market positively and negatively. It also aids in determining the future potential of the Plant-based beverages Market in the forecast years. The report aids in making decisions about how to approach the market and comprehending the Plant-based beverages industry’s backdrop.
Plant-based beverages Market size was valued at US$ 13.74 Bn. in 2020. The global Plant-based Beverage Market is estimated to grow at a CAGR of 12.2% over the forecast period.
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Plant-based beverages Market Dynamics:
In addition to vegans and those who simply want to eat more plant foods, plant-based dairy alternatives are for people who are allergic to dairy products or are sensitive to the lactose found in regular dairy products. The increasing number of cases of lactose intolerance, especially in developed countries such as U.S, and Canada, has increased the opportunities for vegan beverages, which is driving the growth of the plant-based beverages market.
Plant-based beverages Market Segmentation:
By Source, the market is segmented as Fruit, Soy, Nuts, Rice and Others. Fruit Segment dominated the plant-based beverages market with a 38.2% share in 2020. This is due to a rise in demand for products containing high levels of vitamins, zinc, and iron for proper body health in various countries like India and China. Berries, bananas, grapes, and mangoes are some of the most popular Plant-based fruits beverage among customers. Because of the rise in health-conscious people in many emerging countries such as the United States and the United Kingdom, this category is in great demand and also contributing to fuelling the demand of the market.
By Product, the market is segmented as Plain, Flavoured and Others. The Plain Product segment dominated the plant-based beverages market with a 59.3% share in 2020. The market is likely to be driven by consumer adoption of highly nutritious plant-based beverages, as well as planned changes in governing regulations to encourage plant-based beverages during the forecast period. The better usage of plain plant-based milk in the variability of beverages is anticipated to increase plant-based beverage trades. Leading firms offer a variety of almond-based, soy-based, coconut-based, oats-based, and rice-based beverages, due to this reason this segment is driving the growth of the market.
Plant-based beverages Market Key Players:
Danone S.A (France)
Pacific Foods of Oregon, LLC (Canada)
LBlue Diamond Growers, Inc. (U.S)
SunOpta (Canada)
The Hain Celestial Group, Inc (New York)
Freedom Foods Group Ltd. (Australia)
Califia Farms (U.S)
Harmless Harvest (California)
Koia (U.S)
Vitasoy International Holdings Ltd. (Hong Kong)
Daiya Foods Inc. (Canada)
Taifun – Tofu Gmbh (Germany)
Garden Protein International Inc. (Canada)
Lightlife Foods Inc. (U.S)
Axiom Foods (U.S)
Plant-based beverages Market Regional Insights:
Geographically, the report is segmented into several key countries, with Plant-based beverages market size, growth rate, import and export of Plant-based beverages market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Plant-based beverages Market Report are:
- Which segment held the largest share in the Plant-based beverages market?
- Which are the key factors driving the Plant-based beverages market growth?
- Which region holds the maximum share in the Plant-based beverages market?
- What is the expected CAGR of the Plant-based beverages market during the forecast period?
- Who are the major players in the Plant-based beverages market?
- What key trends are expected to emerge in the Plant-based beverages market in the coming years?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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