Research Reports
Plant-based Beverages Market expected to reach US$ 474,666.1 million by the end of 2028
Published by Uma Rajagopal
Posted on January 10, 2022
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Published by Uma Rajagopal
Posted on January 10, 2022
The global plant-based beverages market size is expected to reach US$ 474,666.1 million by the end of 2028. Rising focus on health and wellness is giving impetus to the market, finds Future Market Insights in a report, titled “Plant-Based Beverages Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” According to the report, the market was valued at US$ 247,848.8 million in 2018. Between 2018 and 2028, the market is expected to report a CAGR of 6.7% CAGR. As leading companies focus on diversifying their product portfolio, consumers are likely to get spoilt with choices. This in turn would favour the market’s expansion over the course of the report’s forecast period.
The report offers a comprehensive market overview, covering chief growth drivers, restraints, prevailing trends, and opportunities. It discovers scope for expansion of key players. The report is therefore intended to keep stakeholders abreast of the latest information and prevailing dynamics of the global plant-based beverages market.
Get more Insights Analysis on this Plant-based Beverages Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4641
“Consumers around the world are increasingly adopting plant-based and restrictive diet, including plant-based beverages. The rising prevalence of food allergies, lactose intolerance, and other conditions is driving diets Paleo diet, flexitarian diets, and others,” said a leading FMI analyst.
Rising Awareness Pertaining to Health and Wellness among Consumers to Aid Growth
Concerns among consumers pertaining to food safety have skyrocketed. Recent incidents of food recalls and health hazards caused due to chemical additives used in food products have caused damage to consumer trust. However, manufacturers of the plant-based beverages are likely to gain against this backdrop. There is an evident rise in demand for foods and beverages derived from natural sources. In addition to this, economic uptick and increasing consumer spending on premium brands are aiding the expansion of the plant-based beverages market.
High Cost of Processing May Hinder Growth
On the downside, the cost incurred on processing plant-based beverages may hamper their sales average. Critics note that large investment in processing is particularly valid in case of plant-based dairy alternatives, because they often need oil, fats, and added nutrients in large quantities to replicate their taste of their animal-based counterparts. However, this limitation can be mitigated if manufacturers discover ways of limiting the resources and money spent on processing.
Get Customization on this Report for Specific Country: https://www.futuremarketinsights.com/customization-available/rep-gb-4641
Some of the key takeaways from the market study are:
Competitive Landscape
Some of the leading players operating in the plant-based beverages market are The Coca-Cola Company, The Hain Celestial Group, Inc., SunOpta Inc., PepsiCo, Inc., Dr Pepper Snapple Group, Inc., Del Monte Pacific Limited, Pacific Foods of Oregon, Inc., Döhler GmbH, Califia Farms LP, Good Karma Foods, Inc., The WhiteWave Foods Company, Ripple Foods, PBC, Koia, and Harmless Harvest Inc.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4641
As a result of increasing competition, plant-based beverage manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.
Related Reports:
Quillaia Extract Market: Find insights on the Quillaia Extract market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 10-year forecast period.
Nutraceutical Gummies Market: An analysis on the Nutraceutical Gummies market with information on opportunities, growth levers, regional markets, restraints, regulatory policies, and strengths of market players.
Cow Colostrum Market: FMI’s report on the Cow Colostrum market provides insights on the market for 2021-2031. The study provides insights on restraining forces, revenue sources, market leaders, and market strategies.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
The global plant-based beverages market size is expected to reach US$ 474,666.1 million by the end of 2028. Rising focus on health and wellness is giving impetus to the market, finds Future Market Insights in a report, titled “Plant-Based Beverages Market – Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028.” According to the report, the market was valued at US$ 247,848.8 million in 2018. Between 2018 and 2028, the market is expected to report a CAGR of 6.7% CAGR. As leading companies focus on diversifying their product portfolio, consumers are likely to get spoilt with choices. This in turn would favour the market’s expansion over the course of the report’s forecast period.
The report offers a comprehensive market overview, covering chief growth drivers, restraints, prevailing trends, and opportunities. It discovers scope for expansion of key players. The report is therefore intended to keep stakeholders abreast of the latest information and prevailing dynamics of the global plant-based beverages market.
Get more Insights Analysis on this Plant-based Beverages Market @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4641
“Consumers around the world are increasingly adopting plant-based and restrictive diet, including plant-based beverages. The rising prevalence of food allergies, lactose intolerance, and other conditions is driving diets Paleo diet, flexitarian diets, and others,” said a leading FMI analyst.
Rising Awareness Pertaining to Health and Wellness among Consumers to Aid Growth
Concerns among consumers pertaining to food safety have skyrocketed. Recent incidents of food recalls and health hazards caused due to chemical additives used in food products have caused damage to consumer trust. However, manufacturers of the plant-based beverages are likely to gain against this backdrop. There is an evident rise in demand for foods and beverages derived from natural sources. In addition to this, economic uptick and increasing consumer spending on premium brands are aiding the expansion of the plant-based beverages market.
High Cost of Processing May Hinder Growth
On the downside, the cost incurred on processing plant-based beverages may hamper their sales average. Critics note that large investment in processing is particularly valid in case of plant-based dairy alternatives, because they often need oil, fats, and added nutrients in large quantities to replicate their taste of their animal-based counterparts. However, this limitation can be mitigated if manufacturers discover ways of limiting the resources and money spent on processing.
Get Customization on this Report for Specific Country: https://www.futuremarketinsights.com/customization-available/rep-gb-4641
Some of the key takeaways from the market study are:
Competitive Landscape
Some of the leading players operating in the plant-based beverages market are The Coca-Cola Company, The Hain Celestial Group, Inc., SunOpta Inc., PepsiCo, Inc., Dr Pepper Snapple Group, Inc., Del Monte Pacific Limited, Pacific Foods of Oregon, Inc., Döhler GmbH, Califia Farms LP, Good Karma Foods, Inc., The WhiteWave Foods Company, Ripple Foods, PBC, Koia, and Harmless Harvest Inc.
Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/4641
As a result of increasing competition, plant-based beverage manufacturers are focusing on expanding their product portfolio and improving sourcing process. Their expansion strategies are further aided by agreements between them and local players across emerging market. These companies are particularly focusing on catering to changing consumer preference across various applications.
Related Reports:
Quillaia Extract Market: Find insights on the Quillaia Extract market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 10-year forecast period.
Nutraceutical Gummies Market: An analysis on the Nutraceutical Gummies market with information on opportunities, growth levers, regional markets, restraints, regulatory policies, and strengths of market players.
Cow Colostrum Market: FMI’s report on the Cow Colostrum market provides insights on the market for 2021-2031. The study provides insights on restraining forces, revenue sources, market leaders, and market strategies.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com