Plant-based beverages are healthy drinks produced and processed from plant materials, such as grains and seeds. They possess low levels of calories and are highly rich in calcium, proteins, vitamins A and D, B-complex, and DHA omega-3s or probiotics. Plant-based beverages are consumed by both health-conscious and lactose-intolerant individuals as they contain a healthy combination of mono-and polyunsaturated fats and have zero lactose concentration. Some of the most commonly adopted plant-based beverages include almond, soy, and rice milk. In recent years, plant-based beverages have gained traction as they help reduce the risk of developing strokes, heart diseases, and diabetes.

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Plant-Based Beverages Market Trends and Drivers:

One of the primary factors driving the market is the growing emphasis of the masses on immunity improvement in simple and nutritious vegetarian and plant-based foods and beverages. Additionally, individuals, especially millennials, are shifting toward vegan and vegetarian diets. As a result, leading players are launching plant-based beverages formulated with additional healthy ingredients, such as oat-based options, which is creating a positive market outlook. Other than this, the increasing number of individuals diagnosed with lactose intolerance and other food-related allergies among children and adults is positively influencing market growth. Besides this, plant-based beverages are gaining popularity as they offer hydration and consist of essential nutrients, such as minerals, vitamins and proteins, that assist in enhancing immunity and strengthening bone health. Moreover, several factors, such as expanding income levels of the masses, extensive product adoption in cafes and bakeries, constant developments in processing technologies, and the growing demand for ready-to-drink (RTD) beverages on account of the busy lifestyles and hectic schedules, are creating lucrative growth opportunities for key players operating in the industry.

Plant-Based Beverages Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Blue Diamond Growers Inc

• Califia Farms LLC
• Danone S.A.
• Drink Koia Online
• Kikkoman Corporation
• Organic Valley
• Pacific Foods of Oregon LLC (Campbell Soup Company)
• PureHarvest
• Ripple Foods
• SunOpta Inc. and The Coca-Cola Company.The report has segmented the market on the basis of type, product and distribution channel.

Breakup by Type:

• Soy-based
• Coconut-based
• Almond-based
• Rice-based
• Oats-based
• Hemp-based
• Hazelnut-based
• Cashew-based
• Flax-based

Breakup by Product:

• Plain
• Flavored

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores

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Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

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