The global plant-based beverages market will
grow at a CAGR of 8.5% during the forecast period 2018 to 2023. The market for
plant-based beverages is set to reach US$388.42 billion by 2023. As
per market analysts, the global market is anticipated to witness
growth owing to the factors such as the growing adoption of non-dairy beverages
as well as the surging animal activism. However, the market will face
challenges and restraints due to fluctuations in prices of raw material and the
increasing demand for probiotic drinks during the forecast period 2018 to 2023.
Plant-Based
Beverages Industry Value
Market Segmentation
The plant-based beverages market has been
segmented into distribution channel, source, and type. Based on the segment
which is distribution channel, the market is categorized on the basis of
store-based and non-store based. The global market for plant-based beverages is
further segmented based on source into fruits, nuts, seeds and leaves, soy,
vegetables, and others. Furthermore, the market, on the basis of type is
segmented into plant-based milk, RTD tea & coffee, juices, and others.
The plant-based beverages market report offers
comprehensive study of the market segments including distribution
channel, source, and type. The analysts have also studied the market's
spread across the regional markets across many of the market’s segments at
country levels. The distribution channel, source, and type segments spread
across the market along with the subsegments are studied. The global
market for plant-based beverages is spread across various product and service
based segments. The market research report highlights these key
segments and offers forecasts based on primary and secondary data. The
global market research report presents key company profiles of
organizations active across the market.
Regional Overview
The increasing demand for probiotic drinks may hinder
the market growth. The market research report suggests that
companies in the plant-based beverages market could be supported
by the increasing demand for the non-dairy beverage as well as the growing
prevalence of chronic ailments during the forecast period.
The market is set to register growth at a high CAGR owing to these
key factors. The market is spread across North America, Europe, Asia-Pacific,
and other parts of the world. As per market analysts,
the market is set to witness tremendous growth across distribution
channel, source, and type segments. The global market’s North American
region covers markets across the United States, Mexico, Canada, and
others. Businesses present in the market are also profiled and their
strategies have been presented in detail in the market research
report.
Industry News
Danone and Earth Island, the global foodservice corporation
for Follow Your Heart Plant-oriented Food, have concluded an agreement for the
acquisition of 100 percent of the shares of Earth Island by Danone and Earth
Island. The deal gives Danone a chance to strengthen its business. Founded in
1988, Earth Island offers milk-free cheese in different formats and also
plant-based cream cheese, lettuce desserts and VeganEgg throughout Follow Your
Heart's range, to meet the growing demands for its eggfree sour cream,
Vegenaise, in follow Your Hearts Market & Café.
Complete Report Details @ https://www.marketresearchfuture.com/reports/plant-based-beverages-market-6516
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