Plant-Based Beverages Market Set to Grow at a CAGR of Over 6% Throughout 2028

Feb 14th 2019 at 12:21 AM

Plant-based beverages have gone mainstream with respect to nutritional value, taste and reduced environmental impact. In the recent years, retailers have been dedicating considerable shelf space to dairy-free beverages and milk alternatives. Emergence of rice milk and soy milk was precedent for dairy alternatives that became a motivating factor for plant-based beverages market. Besides, there has been shift towards plant-based beverages from dairy products which largely revolves around growing health concerns as consumers regard plant-based beverages to be healthier as compared to animal-based products.

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These aforementioned excerpts are in line with the report titled, “Plant-Based Beverages Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been latterly added to the expanding repository of Market Research Reports Search Engine (MRRSE). Assessing a host of factors in terms of market revenue, the market for plant-based beverages is anticipated to expand at a compounded annual growth rate of over 6% during the assessment period 2018-2028.

Given World Health Organization and FDA have recommended to reduce added sugars and consumers have become more aware of the role nutrition plays on their health, consumers are opting to purchase better-for-you products. In addition, manufacturers are coming up with innovative ingredients and flavors such as flavored plant-based milk, plant-based coffee to woo customers.

The report offers a coherent analysis on the plant-based beverages market with qualitative and quantitative assessment. The report provides an analysis through insights on dynamics comprising of drivers, trends, restraints and opportunities that have considerable impact in the growth of plant-based beverages market. The report also delves into the segmentation to provide an in-depth view of the plant-based beverages market. The market is segmented on the basis of source, nature, format, packaging and region.

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The report starts with executive summary incorporating market overview and market analysis. The report also includes market background section which elucidates industry outlook, technology road map overview, value chain analysis, macro-economic factors, opportunity analysis and social media sentiment analysis. The report also includes market attractiveness analysis where segments are benchmarked on the basis of their growth rate, market size and general attractiveness. The section also includes Porters’ Five Force Analysis to elucidate the competitive scenario of the plant-based beverages market.

The final section offers actionable insights on the competitive scenario of the plant-based beverages market with a dashboard view. The final section incorporates company overview, product portfolio, strategies and recent developments. Competitors in the market included in the report are The Hain Celestial Group Inc., PepsiCo Inc., The Coca-Cola Company, Dr. Pepper Snapple Group Inc. and PBC Koia, among others.

Report on the plant-based beverages market is the result of a dynamic research methodology incorporating comprehensive primary and secondary sources. Primary sources have succored in offering actionable insights on the plant-based beverages, while exhaustive analysis gained from secondary sources have been verified taking those assessments from primary sources into consideration. The market value projections has been evaluated on the basis of absolute dollar opportunity analysis and Y-o-Y projections.

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