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Plant-Based Beverage Market According to a new report published by Allied Market Research, titled, “Plant-Based Beverage Market by Source, Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the plant-based beverage market size was valued at $13.5 billion in 2018, and is estimated to reach $22.4 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026. Market Drivers And Restraints The factors that drive the plant-based beverage market growth include health benefits associated with consuming plant-based milk as they are high in micro and macronutrient content as well as low in fat and cholesterol content. Moreover, rise in fitness concerns among people in different regions also boost the market growth. In addition, increase in the number of lactose intolerant population, growth in trend of veganism, and rise in disposable income drive the market growth. However, increase in cost of raw materials due to unpredictable weather and high cost of production are expected to hamper the growth of the market during the forecast period.
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Plant-Based Beverage Market Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5767 Frontrunners in the industry
WhiteWave Foods Company
Blue Diamond Growers
SunOpta Inc
Earth’s Own Food Inc
Living Harvest Foods Inc
Kikkoman Corporation
Rebel Kitchen
Organic Valley
Panos Brands LLC
The Hain Celestial Group Inc
Eden Foods Inc
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Plant-Based Beverage Market Market Segments The plant-based beverage market is segmented on the basis of source, type, distribution channel, and region. By source, the market is divided into fruits, nuts, rice, soy, and others. On the basis of type, it is fragmented into RTD tea & coffee, plant-based milk, and juices. By distribution channel, it is categorized into hypermarkets & supermarkets, convenience stores, specialty stores, and online. Regionally, the plant-based beverage market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on source, the fruits segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to increase in demand for products with high vitamins, zinc, and iron for proper body health, in countries such as India and China. By type, the plant-based milk was the most prominent segment accounting for maximum share in the global market. This can be attributed to increase in demand for plant-based chemical-free milk by lactose intolerant population. However, the plant-based milk segment is expected to witness notable growth, with a CAGR of 5.8% from 2019–2026. Based on the distribution channel, the speciality stores segment was the leading distribution channel with most of the plant-based beverage market share in 2018. The growth in the market can be attributed to increase in adoption of large retail formats such as supermarket and hypermarkets in both the mature and emerging markets.
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Plant-Based Beverage Market
Purchase this Report (Price 6,169 USD for single user license): https:// www.alliedmarketresearch.com/checkout-final/38b2defc13fc3680845767f7ea0629f6 Key Benefits for Stakeholders: The report provides a quantitative analysis of the current dairy alternatives market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities. Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network. In-depth analysis and the market size and segmentation assists in determining the prevailing plant-based beverage market opportunities. The major countries in each region are mapped according to their revenue contribution to the global market. The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.
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Plant-Based Beverage Market
Covid-19 scenario
The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Plant-Based Beverage Market. There were huge disruptions in the supply chain as well.
Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again.
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Plant-Based Beverage Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Plant-Based Beverage Market Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
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