North America Plant-based Beverages Market Size, Share & Industry Trends Analysis Report By Product (Plain and Flavored), By Type (Soy, Almond, Coconut, Oats and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Plant-based Beverages Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
Plant-based beverages are substituted for dairy milk, which is why they are frequently referred to as plant-based milk. It must be highlighted that dairy milk and plant-based beverages are distinct food groups from a nutritional standpoint. Plant-based beverages are produced by extracting plant material from seeds, grains, or other plant matter into the water. Various additives, such as synthetic vitamins, minerals, preservatives, and gums, provide a vast array of innovative possibilities.
To capitalize on the prospects offered by the development of plant-based drinks, businesses require reliable, proven technology that allows them to change processes and capacities based on their needs. Many consumers choose plant-based beverages for health or lifestyle-related reasons. Those who cannot handle or choose not to consume cow's milk would appreciate the availability of plant-based beverages. A significant proportion of people throughout the world suffer from food allergies, sensitivities, as well as intolerances. Those who are lactose intolerant are able to maintain standard eating habits owing to plant-based alternatives.
Individuals with food sensitivities may respond to milk but not to various other dairy products because of the distinct properties of each item. Many kinds of cheese, for instance, have less lactose than liquid milk. In terms of symptoms and therapy, a real milk allergy differs from both milk protein intolerance as well as lactose intolerance; nonetheless, in all situations, elimination of milk from the diet is often advised. Because the symptoms of sensitivities, allergies, and intolerances can vary, it is essential to consult a medical practitioner for an accurate diagnosis of particular dietary concerns.
IBD, also called Inflammatory Bowel Disease, is also increasing significantly among people in North America. A massive proportion of people throughout the region are suffering from this disease. Due to this, the demand for health drinks is significantly increasing in order to allow consumers to consume maximum nutrition with a light diet. Such factors are propelling the adoption of plant-based beverages in the region and this factor is expediting the growth of the regional plant-based beverages market.
The US market dominated the North America Plant-based Beverages Market by Country in 2021; thereby, achieving a market value of $6.804.5 Million by 2028. The Canada market is experiencing a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 12.4% during (2022 - 2028).
Based on Product, the market is segmented into Plain and Flavored. Based on Type, the market is segmented into Soy, Almond, Coconut, Oats and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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
Scope of the Study
Market Segments Covered in the Report:
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Vitasoy International Group Co., Ltd.
- Noumi Limited
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