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According to MRFR analysis, the Global Plant-Based Beverages Market is expected to register a CAGR of 8.50% from 2022to 2030 and hold a value of over USD 389.07 billion by 2030.
The Global Plant-Based Beverages Market refers to the worldwide market for beverages made from plant-based sources, including but not limited to, soy, almond, coconut, rice, oat, hemp, and pea. Plant-based beverages are typically dairy-free and vegan, making them a popular choice for those with lactose intolerance, allergies, or ethical and environmental concerns. The market is driven by the increasing consumer demand for healthier, sustainable, and ethical food and beverage products, as well as growing awareness of the health benefits associated with a plant-based diet.
The pandemic has accelerated the trend towards healthier and more sustainable food and beverage products, including plant-based alternatives. Many consumers are turning to plant-based beverages as a way to support their immune system and improve their overall health.
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Key Players
Some of the key market players are:
Market Segmentation
The Global Plant-Based Beverages Market has been segmented into type and application.
Based on the type, the market has been segmented into RTD tea & coffee, plant-based milk and juices.
Based on the application, the market has been segmented into store-based and non-store based.
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Regional Analysis
The largest region of the Global Plant-Based Beverages Market is North America. This region has a high demand for plant-based beverages due to a growing trend towards veganism, health consciousness, and sustainability.
The United States is the largest market within North America, and it has witnessed a significant increase in the consumption of plant-based beverages in recent years. This growth can be attributed to various factors, such as increased awareness of the health benefits associated with plant-based diets, the availability of a wide range of plant-based beverages, and the rising trend of flexitarianism.
Discover more research Reports on Food, Beverages & Nutrition Industry, by Market Research Future:
Plant-Based Food & Beverages Market Research Report Information By Product Type (Plant-Based Milk & Derivatives, Plant-Based Milk, Plant-Based Meat, Bakery & Confectionery, Sweet & Savory Snacks, Plant-Based Juices, RTD Tea & Coffee), By Source (Soy, Wheat, Pea, Coconut, Almond, Cashew), By Category (Conventional And Organic), By Distribution Channel (Store-Based And Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
Plant-Based Food Market Research Report Information by Type (Plant-Based Milk and Derivatives, Bakery and Confectionery, Sweet and Savory Snacks, Plant-Based Juices, RTD Tea and Coffee, RTE, RTC Meals, and Others), By Category (Organic, and Conventional), By Distribution Channel (Store-Based, and Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest of The World) – Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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