Plant-based Beverages Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Plant-based Beverages Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : September, 2021 | Food and Beverages

Report Digest


Global Plant-based Beverages Market: Snapshot

The demand within the global plant-based beverages market has been expanding on account of advancements in the domain of food and beverage manufacturing. The sale of plant-based beverages across conventional retail outlets has played a key role in the growth of the global market. Moreover, several medical practitioners have approved of the healthiness of plant-based beverages.

This factor has created a plethora of growth opportunities within the global plant-based beverages market. The demand for better-tasting beverages has been gathering momentum in recent times. It is legit to expect that the various flavours of plant-based beverages available in the market would aid market growth. Moreover, the need for a seamless industry for medical products shall also support the growth of the global plant-based beverages market.

The past decade has witnessed key advancements in the medical sector, and there is a dire need for herbal eatables. Hence, the availability of plant-based beverages has been accepted as a sound and healthy consumption option for the masses. The demand for healthy alternatives to artificially-flavoured beverages has also generated demand within the global plant-based beverages market. Hence, it is safe to expect that the global plant-based beverages market would accumulate humongous revenues in the years to follow.

On the basis of geography, the global plant-based beverages market is led by the North American region. The large-scale manufacturing of plant-based beverages in the US has generated commendable opportunities within this market. Moreover, the market for plant-based beverages in Asia Pacific has also gained traction due to the historic use of herbs and shrubs in the food industry.

Global Plant-based Beverages Market: Overview

The demand within the global plant-based beverages market has been rising on account of key advancements in the food and beverages industry. Plant based beverages can be produced from multiple sources including coconut, soy, rice, and almond, and all of these sources endow a high nutritional value. Hence, the demand within the global plant-based beverages market is expected to reach new heights in the years to follow as demand for healthy drinks and beverages experiences an uptick. It is expected that the global market for plant based beverages would attract huge investment from multiple sources and investors due to the lucrative prospects of this market. Moreover, the presence of a huge number of market vendors in the global plant based beverages market would also reek of growth within this market. As the food and beverages shows a level of proclivity towards manufacturing healthy foods, supplements, and drinks, the demand for plant based beverages is expected to reach new heights. Considering the aforementioned drivers of demand within the global plant based beverages market, it is safe to assert that this market could be a safe haven for investors and stakeholders.

The global plant based beverages market can be segmented on the basis of the following criteria: source, type, function, and region. Since the global plant based beverages market is directly related to the food industry, it is important to get a thorough understanding of these segments.

A report on the global plant-based beverages market is an estimation of the forces and dynamics that could lead to the inflow of revenues into this market. Furthermore, the presence of a strong market base in the form of established vendors has also been explained in the report.

Global Plant-based Beverages Market: Trends and Opportunities

The demand within the global plant-based beverages market is rising on account of the inclination of the masses towards consuming juices, drinks, and shakes with their regular meals. Furthermore, plant based beverages are made out of almonds, coconut, rice, or soy which makes them extremely sapid in taste. The eclectic appeal of the plant based beverages has also played a pivotal role in enhancing the growth prospects of the global market for plant-based beverages. Besides this, the easy availability of plant based beverages across retail outlets and departmental stores has also led to market expansion in recent times.

Plant based beverages are also used for the treatment of cardiovascular diseases which is a key prospects from the perspective of plant-based beverages market growth. Furthermore, regular intake of plant based beverages is also believed to prevent the occurrence of various types of cancers. People suffering from lactose intolerance consume plant-based milk as it helps in easing their digestion.

 Global Plant-based Beverages Market: Regional Outlook

The demand within the plant-based beverages market in North America has been rising on account of the growing inclination of the masses towards consuming liquid or semi-liquid foods in the US. Furthermore, the high rate of incidence of lactose intolerance in the region has also led to the growth of the regional market.

Global Plant-based Beverages Market: Competitive Landscape

Some of the key players in the global plant-based beverages market are Schmitz Cargobull (Germany), Lamberet (France), Fahrzeugwerk Bernard Krone (Germany), Great Dane (US),and Kögel Trailer (Germany).

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?