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. The years considered for study are as mentioned below.
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The plant-based beverages market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the growing demand of lightweight materials in the automotive industry.
The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in July 2017, Kikkoman Corporation and NIZO collaborated to launch a new product named as Soy Milk-Yoghurt drink. NIZO’s expertise on lactic acid bacteria technologies and Kikkoman’s expertise in soy fermentation and soy ingredients were the main reasons that helped them in launching this product. Both the companies’ were able to get a large share with the launch of this product.
DANONE SA dominated the plant-based beverages market. The other key players existing in the market includes CSC BRANDS, L.P., Want Want China Holdings Limited, Blue Diamond Growers, Hain Celestial, Pureharvest, SunOpta, Kikkoman Corporation, Ripple Foods, Califia Farms, THE COCA COLA COMPANY, Pulmuone Foods USA, Inc., Troll Bridge Creek, Pepsi Co., and BORGES INTERNATIONAL GROUP, S.L.
DANONE SA headquartered in Paris, France was founded in 1899. The company produces and markets dairy products, beverages, baby food and medical nutrition products. DANONE SA has four operating divisions namely essential dairy & plant-based international, specialized nutrition, essential dairy & plant-based North America, waters.
The essential dairy & plant-based international segment deals in the manufacturing of dairy and plant-based products to the international customers. On the other hand, essential dairy & plant-based North America segment deals in the manufacturing of dairy and plant-based products to the customers of North America. Specialized nutrition deals in manufacturing products that would prevent customers from various allergies and treatment. Waters segment is involved in the production of products that would give healthy hydration.
It has its global networks in Americas, Europe, Asia-Pacific, Middle East and Africa. The company has various subsidiaries such as Advanced Medical Nutrition SA (Argentina), Danone hombourg recolte (Belgium), Support Produtos Nutricionais LTDA (Brazil), Danone Yili Drinks Trading (SHENZHEN) Co Ltd (China), Shandong Danone Food & Beverage Co Ltd (China), Aqua D’or Mineral Water AS (Denmark), Nutricia Medical OY (Finland) and others.
CSC BRANDS, L.P. :
CSC BRANDS, L.P. headquartered in New Jersey, U.S. was founded in 1869. The company is engaged in making a wide range of soups and simple meals, beverages, snacks and packaged fresh foods. CSC BRANDS, L.P. operates through four business segments which include Americas Simple Meals and Beverages, Global Biscuits and Snacks, Campbell Fresh.
The Americas Simple Meals and Beverages segment includes the production of products like Swanson broth and stocks, Pace Mexican sauces, Prego pasta sauces, Campbell’s condensed and ready-to-serve soups and various other products. The Global Biscuits and Snacks segment includes production of sandwich crackers, potato chips, tortilla chips and other snacking products. Campbell Fresh segment include Bolthouse Farm’s fresh carrots, carrot ingredients, refrigerated beverage and other businesses.
It has its global networks in North America, South America, Europe, Middle East and Africa, Asia-Pacific. It operates through its subsidiaries such as Campbell Generale Condimentaire (France), Campbell Cheong Chan Malaysia Sdn. Bhd (Malaysia), Arnotts Biscuits Holdings Pty Limited (Australia), Campbell Soup UK Limited (U.K.), Campbell’s Netherlands B.V. (Netherlands), Campbell Soup Company Ltd—Les Soupes (Canada) and others.
Want Want China Holdings Limited:
Want Want China Holdings Limited headquartered in Shanghai, China was founded in 1962. The company is engaged in offering sugar coated crackers, savory crackers and fried crackers, and gift packs; flavored milk, room temperature yogurt and other foods and beverages. Want Want China Holdings Limited operates through four major strategic business units which include Dairy products and beverages, Rice crackers, Snack foods and other products.
Dairy products and beverages segment includes milk powder, flavoured milk, yogurt drinks, room-temperature yogurt, juice drinks, ready-to-drink coffee, sports drinks and herbal tea. Snack foods segment includes candies, nuts, beans, ball cakes and jellies, popsicles, and others. Rice crackers segment includes gift packs, savoury crackers and fried crackers, sugar coated crackers and others. Other products segment includes mainly wine and other food products.
The company has its geographical presence in Americas, Europe, Aisa-Pacific. It operates through its subsidiaries such as Want Want China Holdings (China), I Lan Foods Industrial Co., Ltd (China), Wellstand Enterprises Limited (Hong Kong), Want Want China Finance Limited (China), Beijing Rimalt Foods Ltd (China), Want Want Malaysia Sendirian Berhad (Malaysia) and others.
Global Plant-Based Beverages Market – Industry Trends and Forecast to 2029
Europe Plant-Based Beverages Market – Industry Trends and Forecast to 2028
Asia-Pacific Plant-Based Beverages Market – Industry Trends and Forecast to 2028
North America Plant-Based Beverages Market – Industry Trends and Forecast to 2028
Middle East and Africa Plant-Based Beverages Market – Industry Trends and Forecast to 2028