According to a new report, published by KBV research, The Global Plant-based Beverages Market size is expected to reach $48.8 billion by 2028, rising at a market growth of 11.2% CAGR during the forecast period.
The Plain market is leading the segment in the Global Plant-based Beverages Market by Product in 2021; thereby, achieving a market value of $32.6 Billion by 2028. As a direct replacement for dairy milk, the majority of consumers prefer plain or unflavored plant-based beverages. Depending on the beverage's base, various beverages have distinctive flavor profiles, such as coconut, almond, oats, and nut flavors. These flavors are recognized as attractive qualities in a number of beverages.
The Almond market is exhibiting a CAGR of 10.4% during (2022 - 2028). The high growth rate of the segment is attributed to the nutritional characteristics of this type of beverages. Additionally, almond milk is rich in fat and proteins relative to its carbohydrate level. Because it does not produce a rise in blood sugar levels, it is ideal for diabetics and those on a low-carb diet.
The Asia Pacific market dominated the Global Plant-based Beverages Market by Region in 2021; thereby, achieving a market value of $27.6 Billion by 2028. The Europe market is poised to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 10.9% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/plant-based-beverages-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Danone S.A. (Sofina Group), Campbell Soup Company (Pacific Foods of Oregon, LLC), Blue Diamond Growers, Inc., SunOpta, Inc, The Hain Celestial Group, Inc., Califia Farms LLC, Koia, Vitasoy International Group Co., Ltd. and Noumi Limited
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