Plant-Based Beverage Market to Reach $22.4 Billion by 2026, Driven by Health & Sustainability Trends
Allied
Growing demand for vegan alternatives and sustainable food options propels the plant-based beverage market growth.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, August 26, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โPlant-Based Beverage Market by Source, Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,โ the plant-based beverage market size was valued at $13.5 billion in 2018, and is estimated to reach $22.4 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.
๐ ๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/5767
Plant-based beverages, also known as dairy alternatives, are drinks made from various plant sources designed to mimic the taste and texture of traditional dairy milk. These beverages cater to a variety of dietary preferences, including lactose intolerance, veganism, and general health-conscious consumers. Popular plant-based beverages include those made from soy, almond, oat, coconut, rice, and hemp. The rising demand for these beverages is driven by health benefits, environmental concerns, and ethical considerations.
The plant-based beverage are plant-based natural and chemical free milk products derived through grains, seeds, or nuts. Plant-based beverage act as a substitute for consumers who are allergic to dairy products or people who are on a vegan diet. Some of the major alternatives to dairy are non-dairy milk, ice cream, cheese, yogurts, juice, energy drinks, and soft drinks.
The factors that drive the plant-based beverage market growth include health benefits associated with consuming plant-based milk as they are high in micro and macronutrient content as well as low in fat and cholesterol content. Moreover, rise in fitness concerns among people in different regions also boost the market growth. In addition, increase in the number of lactose intolerant population, growth in trend of veganism, and rise in disposable income drive the market growth. However, increase in cost of raw materials due to unpredictable weather and high cost of production are expected to hamper the growth of the market during the forecast period. Moreover, rise in demand for alternatives to dairy by health-conscious consumers and frequent introduction of new flavors & variety are expected to provide numerous opportunities for the expansion of the plant-based beverage market.
๐๐ฒ๐ฉ๐๐ฌ ๐จ๐ ๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ
๐๐ก๐๐ซ๐ ๐๐ซ๐ ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐ญ๐ฒ๐ฉ๐๐ฌ ๐จ๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ, ๐๐๐๐ก ๐ฐ๐ข๐ญ๐ก ๐ฎ๐ง๐ข๐ช๐ฎ๐ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ข๐๐ฌ ๐๐ง๐ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- Soy Milk: Made from soybeans, it is rich in protein and often fortified with vitamins and minerals. It has a creamy texture and a slightly bean-like flavor.
- Almond Milk: Produced from ground almonds and water, it has a light, nutty flavor and is low in calories and fat.
- Oat Milk: Created from oats and water, oat milk is naturally sweet, creamy, and high in fiber and beta-glucans, which help reduce cholesterol.
- Coconut Milk: Derived from the grated meat of coconuts, it has a rich, creamy texture and a distinctive coconut flavor. It is higher in saturated fat compared to other plant-based milks.
- Rice Milk: Made from milled rice and water, it is naturally sweet and thinner in consistency. It is typically lower in protein compared to other options.
- Hemp Milk: Produced from hemp seeds, it is rich in omega-3 and omega-6 fatty acids and has a nutty flavor.
๐๐๐๐ฅ๐ญ๐ก ๐๐๐ง๐๐๐ข๐ญ๐ฌ
๐๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐จ๐๐๐๐ซ ๐ง๐ฎ๐ฆ๐๐ซ๐จ๐ฎ๐ฌ ๐ก๐๐๐ฅ๐ญ๐ก ๐๐๐ง๐๐๐ข๐ญ๐ฌ, ๐ฆ๐๐ค๐ข๐ง๐ ๐ญ๐ก๐๐ฆ ๐ ๐ฉ๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ก๐จ๐ข๐๐ ๐๐จ๐ซ ๐ฏ๐๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ข๐๐ญ๐๐ซ๐ฒ ๐ง๐๐๐๐ฌ:
- Lactose-Free: Suitable for individuals with lactose intolerance or dairy allergies.
- Low in Saturated Fat: Most plant-based milks are low in saturated fat, contributing to heart health.
- Rich in Nutrients: Many plant-based beverages are fortified with essential nutrients such as calcium, vitamin D, and vitamin B12.
- High in Fiber: Options like oat and almond milk contain dietary fiber, which aids in digestion and promotes satiety.
- Antioxidant Properties: Almond, soy, and hemp milks are rich in antioxidants, which help protect the body from oxidative stress.
๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฆ๐ฉ๐๐๐ญ
๐๐ก๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐ ๐๐ง๐๐ซ๐๐ฅ๐ฅ๐ฒ ๐ก๐๐ฌ ๐ ๐ฅ๐จ๐ฐ๐๐ซ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐จ๐จ๐ญ๐ฉ๐ซ๐ข๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ซ๐๐ ๐ญ๐จ ๐๐๐ข๐ซ๐ฒ ๐ฆ๐ข๐ฅ๐ค:
- Reduced Greenhouse Gas Emissions: Plant-based milk production emits significantly less greenhouse gases.
- Lower Water Usage: Producing plant-based milk typically requires less water, although this varies by plant source (e.g., almond milk has a higher water footprint).
- Less Land Use: Cultivating plants for milk requires less land than raising livestock, reducing deforestation and habitat destruction.
๐ ๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/checkout-final/d6108639e4806790b0db55f78758da76
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ
๐๐ก๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ข๐ง๐ ๐ซ๐๐ฉ๐ข๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ซ๐ข๐ฏ๐๐ง ๐๐ฒ ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐ค๐๐ฒ ๐ญ๐ซ๐๐ง๐๐ฌ:
- Health and Wellness Focus: Increasing awareness of the health benefits associated with plant-based diets is driving consumer demand.
- Sustainability Concerns: Environmental awareness is encouraging consumers to choose more sustainable food options.
- Diverse Product Offerings: Innovation in flavor, texture, and nutritional fortification is expanding consumer choices.
- Flexitarian Diets: A growing number of consumers are adopting flexitarian diets, which emphasize plant-based foods without completely eliminating animal products.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ
๐๐๐ฏ๐๐ซ๐๐ฅ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ซ๐๐ง๐๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐ญ๐ก๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐ฆ๐๐ซ๐ค๐๐ญ:
- Silk: Known for its wide range of soy, almond, and cashew milks.
- Alpro: Offers a variety of plant-based milks, including soy, almond, and coconut.
- Oatly: A leading brand in oat milk, known for its sustainability efforts and high-quality products.
- Blue Diamond Almonds: Producers of Almond Breeze, a popular almond milk brand.
- Califia Farms: Offers a diverse range of plant-based beverages, including almond, oat, and coconut milks.
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ซ๐๐๐๐ซ๐๐ง๐๐๐ฌ ๐๐ง๐ ๐๐๐ก๐๐ฏ๐ข๐จ๐ซ
๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐ฉ๐ซ๐๐๐๐ซ๐๐ง๐๐๐ฌ ๐ข๐ฌ ๐๐ซ๐ฎ๐๐ข๐๐ฅ ๐๐จ๐ซ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐ฆ๐๐ซ๐ค๐๐ญ. ๐๐๐ฒ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐ง๐๐ข๐ง๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ข๐ง๐ ๐๐๐๐ข๐ฌ๐ข๐จ๐ง๐ฌ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
- Taste and Texture: Consumers seek plant-based milks that closely mimic the taste and mouthfeel of dairy milk.
- Nutritional Content: Fortification with vitamins and minerals is important for consumers looking to replace dairy milk.
- Clean Label: Transparency in ingredient sourcing and the absence of artificial additives are highly valued.
- Price and Accessibility: Competitive pricing and wide availability are essential for mainstream adoption.
- Brand Trust: Trust in the brandโs commitment to quality, sustainability, and ethical practices influences consumer loyalty.
๐ ๐๐๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/5767
๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐ก๐ ๐ซ๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ ๐๐จ๐ซ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐ฏ๐๐ซ๐ข๐๐ฌ ๐๐๐ซ๐จ๐ฌ๐ฌ ๐ซ๐๐ ๐ข๐จ๐ง๐ฌ ๐๐ง๐ ๐ข๐ง๐๐ฅ๐ฎ๐๐ง๐๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ:
- Labeling Requirements: Accurate labeling, including clear identification of the plant source and nutritional content, is mandated.
- Fortification Standards: Regulations regarding the fortification of plant-based milks with vitamins and minerals ensure nutritional adequacy.
- Food Safety Standards: Stringent safety standards and quality controls are essential for consumer acceptance and trust.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
๐๐ก๐ ๐ฉ๐ฅ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐ฌ ๐๐จ๐ญ๐ก ๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
- Ingredient Sourcing: Ensuring a consistent supply of high-quality raw materials can be challenging.
- Taste and Texture Improvements: Continuous innovation is needed to improve the taste and texture to match consumer expectations.
- Consumer Education: Educating consumers about the benefits of plant-based beverages and addressing misconceptions is crucial.
- Price Competitiveness: Achieving cost parity with dairy milk is important for widespread adoption.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
- Product Innovation: Developing new and innovative products to cater to diverse dietary preferences and health needs.
- Market Expansion: Entering emerging markets with increasing health awareness and disposable income.
- Sustainability Initiatives: Emphasizing sustainable practices and eco-friendly packaging to attract environmentally conscious consumers.
- Collaborations: Partnering with food manufacturers, retailers, and foodservice providers to expand market reach and acceptance.
๐
๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
The future of plant-based beverages looks promising, with continued growth and innovation expected. Emerging trends include the development of hybrid products combining multiple plant sources for enhanced nutritional profiles, advancements in fermentation technology to create new plant-based beverages, and the exploration of novel ingredients such as chickpea and lentil milk. As consumer demand for sustainable, nutritious, and ethically produced food continues to rise, the plant-based beverage market is poised for significant expansion and evolution.
In conclusion, plant-based beverages represent a dynamic and rapidly evolving market segment, driven by health, environmental, and ethical considerations. By leveraging innovative ingredients, understanding consumer preferences, and navigating regulatory challenges, companies can successfully tap into this growing market and deliver products that meet the needs of health-conscious and environmentally aware consumers.
๐ ๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/plant-based-beverage-market/purchase-options
๐ ๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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