Global Plant-based Beverages Market 2019-2023

The global plant-based beverages market size will grow by USD 7.64 billion during 2019-2023. This market report provides a detailed analysis of the market by source (almond, soy, coconut, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Blue Diamond Growers, Califia Farms LP, Danone SA, The Coca-Cola Co., and Vitasoy International Holdings Ltd.

Some of the key findings from our plant-based beverages market forecast report are summarized below

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Global Plant-Based Beverages Industry Overview

Organic plant-based beverages are sourced from high-quality natural ingredients, and hence, healthier than conventional plant-based beverages. As a result, the demand for organic plant-based beverages is growing across the world. To cater to this growing demand, market vendors are increasingly incorporating USDA-certified organic and non-GMO ingredients into their plant based-beverage products. The organic plant-based beverages segment is also recording the launch of various new products. For instance, US-based RISE launched a nitro brew organic product named Organic Oat Milk. Similarly, US-based Mooala Brands LLC (Mooala) launched an innovative organic oat milk product named Organic Coconut Oat Milk. Organic plant-based beverages are also available in various flavors, including almond original, unsweetened almond, oat, hazelnut rice, brown rice, and walnut. These will further boost the popularity of organic plant-based beverages. This will be one of the critical plant-based beverages market trends, which will have a positive influence on the growth of the market.

Plant-based beverages are rich in antibiotics, proteins, fiber, and energy and low in fat and calories. Hence, plant-based beverages are easier to digest and highly beneficial for reducing weight and promoting the growth of healthy tissues and muscles. It also keeps the guts healthy and minimizes the risk of cancer and cardiovascular diseases. As a result, plant-based beverages boost the immune system. The growing awareness about these health benefits will boost the demand for plant-based beverages, such as soy milk, almond milk, pea-based beverages, rice milk, oat milk, and coconut-based beverages. Thus, the health benefits of plant-based beverages will be a significant factor contributing to the global plant-based beverages market growth. The market will register a CAGR of over 11% during the forecast period.

Top Plant-Based Beverages Companies Covered in this Market Research Report

The global plant-based beverages market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This plant-based beverages market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several leading plant-based beverages manufacturers, including:

• Blue Diamond Growers
• Califia Farms LP
• Danone SA
• The Coca-Cola Co.
• Vitasoy International Holdings Ltd.

Plant-Based Beverages Market Segmentation Based on Source

• Almond
• Soy
• Coconut
• Others

The almond segment will account for the highest plant-based beverages market share. The growing awareness about the health benefits of almond-based beverages, product innovation, and new product launches will boost the growth of the market segment over the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the plant-based beverages market size.

Plant-Based Beverages Market Segmentation Based on Geographic Region

• APAC
• Europe
• MEA
• North America
• South America

With a complete study of the growth opportunities for the companies, it has been identified that APAC will account for the highest share of the plant-based beverages market throughout the forecast period. The incorporation of innovative manufacturing processes and construction of new plants are a few of the factors responsible for the plant-based beverages market growth in this region.

Key Highlights of the Global Plant-Based Beverages Market for the Forecast Years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the plant-based beverages market during the next five years
• Precise estimation of the global plant-based beverages market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the plant-based beverages industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of plant-based beverages companies

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