Global Plant-Based Beverages Market Opportunities, Size and Demand 2021-2026

1
Global Plant-Based Beverages Market
Opportunities, Size and Demand 2021-2026

• plant-based beverages market, valued at US15.3
  billion in 2019, is projected to surpass a
  valuation of US34.8 billion by the end of 2026,
  registering a robust compound annual growth rate
  (CAGR) of 12.9 during the forecast period from
  2021 to 2026.

2
The global plant-based beverages market, valued
at US15.3 billion in 2019, is projected to
surpass a valuation of US34.8 billion by the end
of 2026, registering a robust compound annual
growth rate (CAGR) of 12.9 during the forecast
period from 2021 to 2026. The increasing demand
for healthier beverage options and the rising
popularity of plant-based ingredients in North
America, Asia Pacific, and Europe are expected to
drive the growth of the plant-based beverages
market.Access Full Report https//www.fairfield
marketresearch.com/report/plant-based-beverages-ma
rketOne of the key factors contributing to the
expansion of the market is the focus on
developing low-calorie foods by incorporating
plant-based beverages. Manufacturers across
various industries are utilizing plant-based
beverages to create healthier food options,
leading to a surge in demand. The growing
awareness and preference for healthy food
products, coupled with the introduction of
innovative beverage ranges by brands, further
bolster the market's growth.Consumers' growing
fondness for non-dairy products is also favoring
the sales of plant-based beverages. Protein, in
particular, plays a significant role in the
plant-based beverage trend. As people shift away
from dairy and embrace plant-based or meat-free
lifestyles, the availability of alternative
sources of high-quality protein becomes crucial.
Consumers perceive non-dairy products as
nutritious and high in protein, with a
considerable percentage of U.S. consumers
choosing non-dairy milk for its nutritional
value. This presents a significant opportunity
for manufacturers in the ready-to-drink
plant-based beverages category to introduce
products with added protein, tapping into an
untapped market segment.