Plant Based Beverages Market 2022 Key Vendors, Analysis by Growth and Revolutionary Opportunities by 2030

Global Plant Based Beverages Market to witness growth at a CAGR of 13.4% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 11.8% during the forecast period of 2018 to 2021.

The process of making plant-based beverages, sometimes known as "plant milk" or "plant-based milk," involves extracting plant matter such as grains or seeds in water. They can also be used to replace dairy milk. Conversely, dairy milk and plant-based beverages are different kinds of food from a nutritional standpoint. Oat milk, rice milk, cashew milk, coconut milk, flax milk, almond milk, and soy milk are examples of popular plant-based beverages. In the past several years, the demand for beverages made from plants has grown quickly on a global scale. The market's expansion is mostly linked to the global upsurge in animal advocacy.
As consumers react to worries about hormone usage, allergies, and the perceived harmful profile of some dairy offers, which was traditionally viewed as a key component of a balanced diet in numerous cultures, dairy consumption in several categories has decreased over the last 20 years. Dairy producers now face a different global environment as they work to adapt to shifting consumer attitudes and regional variations in consumer attitudes while taking advantage of new opportunities in the consumption of dairy products. Customers see plant-based beverages as being healthier, which has dairy product manufacturers' attention.
With the increased prevalence of lifestyle diseases and obesity, the fitness and health movement is gathering steam, and people are concentrating on improving their quality of life and health through the adoption of healthy dietary practises. Due to the rising popularity of veganism and consumers' growing awareness of the use of protein in weight-loss regimens, the market for plant-based protein beverages is predicted to develop.

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Plant - Based Beverages Market Dynamics
People's increased health awareness in recent years has increased demand for plant-based foods and beverages in an effort to improve their physical and emotional well-being. Consumers' huge increases in food allergies and lactose intolerance are creating new commercial opportunities. Over the forecast period, it is also expected that the popularity of veganism and flexitarianism will increase demand for plant-based beverages.

Global Plant-based Beverages Market - Segmentation
The global plant based beverages market is segmented based on product type and product taste.

Based on product type, the market is segmented into,
• Soy
• Coconut
• Almond
• Oat
• Others

Based on product taste, the market is segmented into,
• Plain
• Flavored

Global Plant-based Beverages Market - Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Plant-based Beverages Market - Key Market players
Danone S.A.; Pacific Foods of Oregon, LLC; Blue Diamond Growers Inc.; SunOpta; The Hain Celestial Group, Inc.; Noumi Ltd.; Califia Farms, LLC; Harmless Harvest; Koia; Vitasoy International Holdings Ltd. are the major players that are boosting the growth of the market during the forecast period.

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Frequently Asked Questions
• How much is the plant-based beverages market current worth?
• At what CAGR is the market expected to grow?
• How was the performance in the last five years?
• What are the key trends boosting plant-based beverages sales?
• How are market players reacting to the new developments in the market?
• How much share do the top 20 companies hold?
• Which are the major countries driving demand for the plant-based beverages market?
• What outlook does APEJ provide?
• At what rate will the US plant-based beverages market grow?
• At what level does the report reflect pricing analysis?

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