Press release
Plant-based Beverages Market Type, Competitors Analysis 2019: Pureharvest, Rosa Food Products, Campbell Soup Company, PepsiCo, Pulmuone Foods USA, Ripple Foods, The Coca-Cola Company, Califia Farms, Kikkoman Corporation, WhiteWave Foods, Pacific Foods
Plant-based Beverages Market
Global plant-based beverages market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plant-based beverages market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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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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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
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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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Sopan Gedam
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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