Global Plant-Based Beverages Market Outlook: Growth Forecast and Industry Dynamics

 The global plant-based beverages market size was USD 17.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.1% during the forecast period. Rising lactose intolerance and milk allergies among individuals is primary key factor driving market revenue growth. According to the National Institute of Diabetes and Digestive, and Kidney Diseases, around 68% of the world’s population suffer from lactose malabsorption. Consumers choose plant-based milk since these are lactose-free, cholesterol free, and low in calories. Lactose-free milk contains vitamins A, D, and B12, as well as riboflavin and phosphorus, which are essential minerals for strong bones, for example, vitamin D in milk aids in calcium absorption. Dairy alternatives contain low-carb, low-calorie, and are ideal for people who struggle with weight management. In addition rising product launches by major companies is another key factor driving revenue growth of the market. For instance, on 10 July 2023, Bagrry's, a major brand in morning cereals and health foods, launched its long-awaited plant-based drinks. These beverages cater to the need of health-conscious persons looking for ethical, vegan, and sustainable solutions. Bagrry's plant-based drinks are meticulously created with the highest quality plant-based ingredients, ensuring a healthy and nourishing experience.

The Plant-Based Beverages Market Market report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

Furthermore, the Global Plant-Based Beverages Market Market Research Report provides detailed insights into regional market trends, highlighting key growth areas and potential challenges across various regions. The report examines market performance across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, allowing businesses to identify regional opportunities and tailor their strategies accordingly. By understanding the nuances of each market, companies can make informed decisions on where to allocate resources and prioritize growth initiatives.

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The report offers a complete analysis of the global Plant-Based Beverages Market market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position.

Key companies profiled in the report include:

Bayer AG, Abbott, DSM, Amway, Nature's Bounty, Nestlé, Mead Johnson & Company, LLC, Medifast, Inc., Premier Nutrition Corporation, LLC, and Health Food Manufacturers’ Association

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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.

Key Objectives of the Report:

  • Analysis and estimation of the Plant-Based Beverages Market market size and share for the projected period of 2024-2032
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Plant-Based Beverages Market market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Segments Covered in this report are:

  • Source Outlook (Revenue, USD Billion; 2019–2032)

    • Almond
    • Soy
    • Coconut
    • Rice
    • Others
      1. Cashew
      2. Oats
      3. Pea
      4. Hemp

  • Type Outlook (Revenue, USD Billion; 2019–2032)

    • Milk
    • Other Drinks
      1. Smoothies
      2. Shakes
      3. Nogs

  • Product Outlook (Revenue, USD Billion; 2019–2032)

    • Plain
    • Flavored

Regional Analysis:

The global Plant-Based Beverages Market market growth is influenced by distinct regional factors. North America and Europe dominate, thanks to cutting-edge technology and well-established regulatory systems, but face hurdles like supply chain disruptions and compliance complexities. Asia-Pacific, led by China and India, is witnessing robust growth due to urban development and surging consumer demand. In contrast, Latin America, the Middle East, and Africa, while showing promising growth potential due to economic changes and investment inflows, struggle with political uncertainty and infrastructure deficiencies, impacting long-term growth prospects.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/plant-based-beverages-market     

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type & applications

Chapter 9: Current and Future Trends

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Thank you for reading our report. Please get in touch with us for further queries about the report and our team will assist you according to your needs.

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