Plant-based Beverages Market Comprehensive Analysis 2019 – 2026: Blue Diamond Global Ingredients, WhiteWave Foods, Pacific Foods, The Hain Celestial Group, SunOpta, Want Want China, Kikkoman Corporation, Califia Farms, The Coca-Cola Company

There are several recent developments, product launches, joint ventures, merges and accusations by the key market players and brands who will dominate the plant-based beverages market and hence Food & Beverage industry for the forecast years 2019 to 2026.

This report has all the company profiles for the top players and brands and along with that the report also contains a synopsis of market definition, classifications, applications and market trends, and the plant-based beverages market drivers and restrains that are derived from a well know method called SWOT analysis.

Market Analysis: Global Plant-based Beverages Market

Global Plant-based Beverages Market’s rise in market value can be attributed to the increasing preference of consumers to switching from dairy to non-dairy products. This has induced a rise in market value from an estimated value of USD 11.91 billion in 2018 to an estimated value of USD 27.17 billion by 2026, registering a CAGR of 10.85% in the forecast period of 2019-2026.

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Market Drivers:

• Increasing adoption and preference of non-dairy beverages over dairy beverages is expected to drive the market growth

• Increased cases of lactose intolerance and adoption of veganism is also expected to drive the market growth for plant-based beverages

Key Market Competitors:

• Blue Diamond Growers,
• The Whitewave Foods Company,
• Pacific Foods Of Oregon Llc,
• Hain Celestial,
• SunOpta,
• Want Want China Holdings Limited,
• Kikkoman Corporation,
• Califia Farms,
• THE COCA-COLA COMPANY,
• Ripple Foods,

Few of the major competitors currently working in the plant-based beverages market are Pulmuone Foods USA Inc., Pureharvest, Rosa Food Products Co. Inc., Troll Bridge Creek, World Waters LLC, Campbell Soup Company, and PepsiCo Inc.

Market Definition:

Plant-based beverages are beverages produced with having non-dairy ingredients like soy, almond and others for their production. They are produced due to the increasing adoption of non-dairy beverage products and increasing cases of lactose intolerance. These beverages are produced when the proteins and other nutrients are grinded out from these nuts or ingredients and mixed with water and other minerals.

Market Restraints:

• Higher prices in comparison to diary beverages is expected to restrain the market growth

• Side effects associated with non-dairy milk on the body and its organs is expected to restrain the market growth

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Key Developments in the Market:

• In November 2018, PepsiCo Inc. announced that they had initiated a collaborative arrangement with the ten emerging food & beverage brands from North America, with each of the brands receiving funding and guidance from PepsiCo Inc. experts.

• In September 2018, Campbell Soup Company announced that they had introduced a new plant-based beverage line of products “V8”.

Global Plant-based Beverages Market Segmentation:

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

By Type
1. Milk
2. Others
• Smoothies
• Shakes
• Nogs

By Function
1. Cardiovascular Health
2. Cancer Prevention
3. Bone Health
4. Lactose-Free Alternative
5. Qualitative Preference

By Geography
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Middle East & Africa

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This release was published on openPR.