What's driving the Plant-Based Waters Market Share? Harmless Harvest, Oviva, The Coca-Cola Company, PepsiCo, CALIWATER Cactus Water, Sibberi Tree Water, Drink Simple, Steaz - The Healthy Beverage Company, Happy Tree, DrinkSEVA, World Waters, ARTY Water Co

Sedentary lifestyles and the rising appetite for natural and healthy drinks are the key factors spearheading the growth of plant-based waters market over the forecast timespan. The rising health issues due to the consumption of carbonated drinks have accelerated the growth of the market. Problems associated with the intake of carbonated drinks include heart diseases, obesity, diabetes, cancer, digestion issues, tooth decay, etc. The product is an alternative to artificially sweetened beverages which will upscale the demand for the product between 2017 and 2024. Trend of healthy hydration has gained momentum over the past few years. The nutritive contents of the alternative waters will broaden the prospects of the product market in future. Attractive packaging by manufacturers is also one of the major factors contributing to the popularity of the product. The manufacturers have leveraged the innovative technology and are continuously developing striking packaging solutions. The growing packaging industry will leave a positive impact on the product market as there are frequent innovations in this industry to preserve the waters for an extended period.

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Company Profiles
1. Harmless Harvest
2. Oviva
3. The Coca-Cola Company
4. PepsiCo
5. CALIWATER Cactus Water
6. Sibberi Tree Water
7. Drink Simple
8. Steaz - The Healthy Beverage Company
9. Happy Tree
10. DrinkSEVA
11. World Waters
12. ARTY Water Company
13. All Market In

Global plant-based waters industry has been witnessing an appreciable growth across the Asia Pacific region, particularly due to the increased availability of coconut plantations in countries such as India. The region is anticipated to be a lucrative business ground for market players as there is a tremendous untapped potential across the continent for branded & packaged coconut water, in addition to other plant-based drinks. For instance, the year 2015 witnessed Vita Coco, one the world’s top coconut brands, penetrate the plant-based waters industry in Asia Pacific, by establishing its brand value across China, South Korea, Japan, Philippines, and Singapore. In addition, the company had then outlined plans to enter the business across five other geographies, including Malaysia, Australia, Brunei, New Zealand, and Maldives. As on today, Vita Coco, with its plethora of well-commercialized coconut water products, holds a healthy share of APAC plant-based waters market.
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A major factor that is likely to expand the business scope of plant-based waters industry is the mode of distribution. The advent of digitization has mobilized businesses, and every product and service-based firm now has a major share in the online space. On these grounds, it would not be incorrect to presume that online channels will play a vital role in commercializing plant-based waters industry. Hectic consumer lifestyles and easy product availability will be the key factors driving plant-based waters market via online distribution channels. Companies have the opportunity to promote a wide range of their products on online platforms, which will further stimulate the expansion of this segment.

The market is experiencing increased sales of alternative waters such as cactus water, bamboo water, olive water, etc. Maple water and birch water are the new buzzwords in the beverage market. Maple water is projected to cross a revenue of USD 0.9 billion by 2024 and its market will continue to expand at a robust rate. Bottles constitute a significant part of packaging of plant-based waters and are expected to rise with a CAGR of 20.2 %.
Cafes & fitness centers have become increasingly popular in today’s era, which will drive the market for the product. The rising obese population in North America will bring profit to the manufacturers of the product due to the increased sales. There is an enormous potential to tap the coconut water market in Middle East and Africa, but the price and sourcing can obstruct the market in the region.
The plant-based waters market structure is fragmented in nature with most of the players sprung up from U.S., U.K., Finland, Denmark, Russia and other European countries. Local companies are trying to establish footprints in the international markets. Some of the key companies include DRINKmaple, Sibberi, Caliwater LLC, Happy Tree Group, PepsiCo Inc., Harmless Harvest, World Waters, LLC, Steaz, ARTY Water Company, The Coca-Cola Company, All Market Inc., DrinkSEVA and Oviva Maple Water Company.

Browse key industry insights spread across 225 pages with 256 market data tables & 12 figures & charts from the report, “Plant-based Waters Market”, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017–2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/plant-based-waters-market

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