The Global Plant-Based Beverages Market is Set to Reach $33.96 Billion by 2026, Growing at a CAGR of 13.3% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 18, 2019--The “Plant-Based Beverages - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to this report, the Global Plant-based Beverages market accounted for $11.02 billion in 2017 and is expected to reach $33.96 billion by 2026 growing at a CAGR of 13.3% from 2017 to 2026.
Some of the factors such as growing number of product launches and funds by key players and rapidly rising beverage industry are fueling the market growth. However, factors such as high costs of plant-based beverages and lack of knowledge among customers are restraining the market growth. The market provides ample opportunities to Plant-Based Milk Products for Coffee and Tea in various countries across the globe.
Amongst Source, Dairy Alternatives segment accounted held significant market share during the forecast period. The almond milk segment is intended to be the biggest market for plant-based beverages. Almond milk has gained popularity all over coffee shops in the US. Blue Diamond Growers is a leading almond processing company, which offers almond-based products under its brand “Almond Breeze”.
By geography, Asia Pacific region is dominating the market during the forecast period. The region consists of key revenue generating countries, China & Thailand, which have a large consumer base.
Sources Covered:Ready to drink (RTD) Drinks Plant-Based Juices Dairy Alternatives
Functions Covered:Lactose-free alternative Cardiovascular health Cancer prevention Bone health
Packagings Covered:Plastic Bottles & Pouches Glass Bottles Carton Packaging Cans
Sales Channels Covered:Speciality Stores Online Retailers Independent Small Groceries Hypermarkets/Supermarkets Convenience Stores
Mode of Types Covered:Milk Other drinks
Formats Covered:Flavored Regular
Natures Covered:Conventional Organic
Companies Profiled:Wildwood Organic Want Want China Holdings Limited The Whitewave Foods Company The Hain Celestial Group The Coca Cola Company Sunopta Ripple Foods Pureharvest PepsiCo Inc. Pacific Foods of Oregon Kikkoman Dohler GmbH Del Monte Pacific Limited Califia Farms Blue Diamond Growers
For more information about this report visit https://www.researchandmarkets.com/research/zpwbn4/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190118005247/en/
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INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 01/18/2019 08:54 AM/DISC: 01/18/2019 08:54 AM