Global Market Study on Plant-Based Beverages

The plant-based beverages market report by PMR has been segmented as per the following segments-

Source
Nature
Format
Packaging
Sales Channel
By source segmentation, the market of plant-based beverages has been segmented into RTD drinks, dairy alternatives, and plant based juices. The segment of plant-based juice is likely to be in high demand and likely to flourish in terms of volume and value throughout the respective assessment timeline, driven by rising health awareness among the health-savvy population.

On the basis of nature segmentation, market of plant-based beverages has been extensively segmented into conventional and organic plant-based beverages. On the basis of format segmentation, market of plant-based beverages market has been segmented into flavored as well as regular drinks. By packaging segmentation, the market of for plant-based beverages has been segmented into plastic bottles, pouches, glass bottles, cans, and carton packaging.

On the basis of regional classification, the plant-based beverage market, North America & Asia Pacific are poised to hold a collective share of more than half of overall share of plant-based beverages market space, and this status quo is likely to grow through 2028. Eastern Europe & Latin America are likely to emerge as highly significant for the producers of plant-based beverages.

In order to analyze the size of plant-based beverages market based on volume, segmentation by source is being considered. The key differential strategies of manufacturers have been extensively analyzed and presented in the research study, which will help the emerging players vying to make it big in the global market space.

Plant-based beverage producers are on adopting new ways of enhancing appeal of their products i.e. by strengthening their collecting as well as sourcing processes. Manufacturers are collaborating with regional players to expand their production capabikties, which will help them maintain the right harmony in the demand-supply equation.  

The companies are also focusing on boosting their product portfolios via addition of new products designed in line with the evolving expectations of consumers. In the present day situation, the consumers have been highly interested in products that not only offer the taste attributes, but also have an appealing feel to them. Moreover, consumers are also invested in transparency in terms of ingredients used, which will help them make well-informed decisions while purchasing.

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organization of all sizes.