Increasing Demand of Plant Based Beverages Due to Nutritional Benefits Offered by the Products are driving the growth of Global Plant-Based Beverages Market in the forecast period of 2019 to 2026

Global Plant-Based Beverages Market is expected to reach USD 31,353.09 million by 2026, growing at the healthy CAGR in the forecast period of 2019 to 2026.

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Drivers:  Global Plant-Based Beverages Market

  • Increasing demand of plant based beverages due to nutritional benefits offered by the products
  • Strategic decision taken by key players to gain market presence

Restraints:

  • Stringent regulation related to labelling of plant-based beverages products
  • Low shelf-life of plant-based beverages

Opportunity:

  • Integration of nutritional intergradient to the plant-based beverages

Challenge:

  • Difficulty in maintaining a standard texture, taste and solubility of plant based products

Market Trends:

Global plant-based beverages market is segmented into three notable segments which are based on the basis of type, source and function.

  • On the basis of type, the market is segmented into milk and others. The milk segment is expected to grow at the highest CAGR in the forecast period of 2019 to 2026.
  • On the basis of source, the market is segmented into almond, soy, coconut, rice and others
  • On the basis of function, the market is segmented into cardiovascular health, cancer prevention, bone health, lactose free alternative and others

Key Market Players: Global Plant-Based Beverages Market

The key market players for global plant-based beverages market are listed below:

  • Blue Diamond Growers
  •  DANONE SA
  • Hain Celestial
  • Pureharvest
  • SunOpta
  • Want Want China Holdings Limited
  • Kikkoman Corporation
  • Ripple Foods
  • Califia Farms
  • THE COCA COLA COMPANY
  • Pulmuone Foods USA, Inc.
  • Troll Bridge Creek
  • Pepsi Co.
  • CSC BRANDS, L.P.
  • BORGES INTERNATIONAL GROUP, S.L.