Press release
Middle East and Africa Dermal Fillers Market Business idea's and Strategies forecast 2029
Market Analysis and Insights: Middle East and Africa Plant-Based Beverages MarketThe plant-based beverages market is expected to witness market growth at a rate of 8.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the plant-based beverages market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while impacting the market's growth. The expansion of food and beverage sector is escalating the growth of plant-based beverages market.
Plant-based beverage refers to the type of drinks that can be utilized as a substitute for dairy. These beverages are generally derived from plants and are considered a very healthy alternative to dairy. Some of the most popular choice for plant-based beverages include rice milk, almond milk and soymilk. These beverages are considered healthy, because of high presence of several essential vitamins and minerals. They possess low cholesterol, fats, and has zero concentration of lactose.
The increase in the health consciousness across the region is one of the major factors driving the growth of the plant-based beverages market. The rise in consumer trends inclining toward replacing dairy milk with plant-based beverages, and increase in the number of cases of lactose intolerance and milk allergies among population accelerate the market growth. The high adoption of the products owning to the nutritional benefits offered by plant-based dairy alternative beverages, and high number of product launches and investments by manufacturers further influence the market. Additionally, rapid urbanization, change in lifestyle, growth in awareness regarding the benefits of the product, increase in food and beverage spending and consumer inclination toward veganism positively affect the plant-based beverages market. Furthermore, integration of value-added ingredients and flavor innovations in dairy alternative beverages, and high demand for plant-based milk products for coffee and tea extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
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Middle East and Africa Plant-Based Beverages Market Scope and Market Size
The plant-based beverages market is segmented on the basis of type, source and function. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the plant-based beverages market is segmented into milk and others
On the basis of source, the plant-based beverages market is segmented into almond, soy, coconut, rice and others. Others segment is further segmented into cashew, oats, pea, hemp and hazelnut.
On the basis of function, the plant-based beverages market is segmented into cardiovascular health, cancer prevention, bone health, lactose free alternative and others.
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