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Ongoing Study Reveals Key Factors that Will Drive the Growth of Plant Based Beverages Market During 2017-2027
Global Plant Based Beverages Market: Dynamics
The major factor driving the industrial segment in global plant-based beverages market include increasing health consciousness among consumers and high demand for low-fat food and beverages across the globe. Growing food & beverages industry and medicinal benefits of plant-based beverages are also some of the important factors driving the global plant-based beverages market. Companies manufacturing plant based beverages products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to rapidly growing demand for food & beverages and low-fat food and beverages over the forecast period. The changing food habits and trying new and expensive food items by the consumers are another important factor trending the global plant-based beverages market.
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Global Plant Based Beverages Market: Segmentation
The global plant-based beverages market is segmented on the basis of product type, distribution channel, source, and region. On the basis of product type, a single segment is expected to dominate the global plant-based beverages market over the forecast period. The retail segment is expected to expand at a significant growth rate over the forecast period on the basis of a distribution channel. Among the source segments, a natural segment is expected to dominate the global plant-based beverages market. The natural segment is followed by organic segment and is expected to expand at a significant growth rate over the forecast period in global plant-based beverages market.
Based on the product type, the global plant-based beverages market is segmented into:
Single
Fruits
Strawberry
Banana
Orange
Raspberry
Pomegranate
Lemon
Others
Herb & Spices
Cinnamon
Mint
Peppermint
Others
Dry Fruits & Nuts
Coconut
Almond
Hazelnut
Others
Beans
Chocolate
Coffee
Vanilla
Others
Caramel
Neapolitan
Pinacolada
Soy
Rice
Blends
Based on the distribution channel, the global plant-based beverages market is segmented into:
Retail
Hypermarket/ Supermarket
Grocery Stores
Online Channel
Food Service
Based on the source, the global plant-based beverages market is segmented into:
Natural
Organic
Global Plant Based Beverages Market: Regional Overview
On the basis of geography, the global plant-based beverages market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, North America is expected to dominate the global plant-based beverages market in terms of revenue contribution owing to increasing health consciousness among consumers in the region. North America is followed by Western Europe in global plant-based beverages market, attributed to high demand for low-fat food and beverages across the region. APEJ plant-based beverages market is expected to expand at a significant growth rate, attributed to the high growth of plant-based products and beverages in the region over the forecast period. The Middle East & Africa is expected to represent a moderate opportunity in the global plant-based beverages market, owing to the moderate economic, agricultural, and industrial growth in the region. Overall, the outlook for the global plant-based beverages market is positive over the forecast period.
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Global Plant Based Beverages Market: Key Players
Some of the players identified in the global plant-based beverages market include So Delicious Dairy Free, E.I. WhiteWave Services, Inc., Blue Diamond Growers, Pacific Foods of Oregon, Inc., Dream Beverage, Inc., Califia Farms LP, The Coca-Cola Company, Sunrich Naturals, Chia Star, Inc., and Graindrops LLC.
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