Plant-Based Water Market Size to Grow by USD 13.61 Bn With CAGR 19.2% By Year 2028

Market Overview:

Global Plant Based Water Market was valued at USD 3.98 Billion in 2021 and is expected to reach USD 13.61 Billion by the year 2028, at a CAGR of 19.2%.

Plant- Based water is a drink produced or extracted from the plants such as coconut, watermelon, maple, cactus, and others. Plant- Based water are alternative to plain water, these beverages may have properties to give an extra boost. Nowadays people are more conscious about their health and want to live a healthy lifestyle. This water provides trace amounts of nutrition, but like other drinks, it is considered to take in limited quantities due to it containing sugar levels. The plant-based waters are mostly used in the sports and performance industry. The increasing demand for organic plant-based water is one of the key plant-based water markets and is another factor that boosts market growth.

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Market Dynamics:

Driver:
Plant-based waters give a high amount of nutrition. People have become more aware of their health and the rising health awareness of the harmful effects of consuming sugar and artificial sweeteners is excepted to boost the demand for organic plant-based water. The demand for plant-based water has also increased day by day as it is giving instant nutrients and calcium due to its properties the demand for plant-based water has been increasing in the last few years.

Opportunities:
The key players are investing in new product launches, new product development, improved taste, as well as high levels of marketing support, which will increase the demand for packaged beverages such as plant-based water is driving the plant-based water market growth in upcoming years. High investment in innovation for the immunity boost natural plant-based water, and research for new sources for the plant water to offer the new product with a healthy and different flavor to the consumer create a new opportunity for market players during the forecast period.

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Market Segmentation
Segmentation Insights
Based on Product Type, the coconut water segment is projected to account for the largest market share during the forecast period. Coconut water is one of the largest markets in terms of volume and revenue.

Based on Flavor Variant, original or unflavored plant-based waters is expected to dominate the market over the forecast period. Key players are introducing these waters by adding flavors such as lime, green tea, ginger, rose, etc.

Based on Pack Type, cartons are expected to capture the maximum market during the forecast period. Innovations in packaging type are helping in improving the shelf life of these products and allow producers to introduce healthy, low-calorie, and natural plant waters that are sustainably sourced.

Based on the Distribution Channels, retail stores accounted for the highest share in the market owing to the easy availability for the consumers. In addition, the fresh product can be reached to the customer.

By Type
• Coconut Water
• Maple Water
• Cactus Water
• Artichoke Water
• Others

By Flavor Variant
• Flavored
• Original

By Pack Types
• Pouches
• Cans
• Cartons
• Bottles
• Others

By Distribution Channels
• Online Sales
• Retail Stores
• Cafes & Fitness Centers

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Regional Insights
Asia-Pacific region dominates the plant based water market with creating high opportunities in the future for the players as branded and packaged coconut water consumption is an untapped market in countries such as India, Indonesia, etc. owing to the huge supply of coconut in these nations and is an unorganized and non-branded segment.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Plant Based Water market are :
• PepsiCo Inc.
• World Waters
• All Harmless Harv
• Market Inc.
• Caliwater LLC
• Sibberi
• DrinkSEVA
• Steaz
• The Coca-Cola Company
• Oviva Maple Water Company
• ARTY Water Company
• Happy Tree Group and major key players.

Key Industry Developments
In September 2019, True Nopal Ventures LLC, has introduced a new United States Department of Agriculture (USDA), certified natural cactus water segment line accessible in two flavors in the US. The new product was introduced by the organization to expand its product line of cactus water.

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Table Of Content: -
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Flavor Variant
 3.3 By Pack Types
 3.4 By Distribution Channels

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Plant Based Water Market by Type
To Be Continue…

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