About Alternative Plant Beverages
Alternative plant beverages, also known as plant-based milk or non-dairy milk, are drinks made from plant sources like nuts, seeds, grains, and legumes, instead of animal milk. There are many different types of alternative plant beverages available, each with its unique flavor, texture, and nutritional profile. They've gained immense popularity in recent years due to their diverse range of flavors, health benefits, and ethical considerations surrounding animal agriculture. The growing interest in sustainability and environmental concerns is also driving the demand for alternative plant beverages.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Alternative Plant Beverages market is witnessing a rise in competitiveness among the companies. In terms of market share, these major players currently dominate the market. However, with increasing innovations in technology, many companies are increasing their market presence by securing new contracts and tapping new markets. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Alternative Plant Beverages market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oatly Group AB (Sweden), Blue Diamond Growers (United States), Elmhurst (United States), Danone (France), Califia Farms (United States), Daiya Foods (Canada), Chobani (United States), Ripple Foods (United States), Eden Foods (United States), Alpro (Belgium) and Silk (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rude Health (United Kingdom), Nature's Charm (United States), Living Harvest (Canada), Vitasoy International Holdings Ltd. (China) and Sunopta Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Alternative Plant Beverages market by Type (Oat Milk, Soy Milk, Peanut Milk, Almond Milk, Coconut Milk and Others), Application (Commercial and Residential) and Region.
On the basis of geography, the market of Alternative Plant Beverages has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Alternative Plant Beverages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Containers will boost the Alternative Plant Beverages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing the Popularity of Flavored Plant Beverages
Market Growth Drivers:
An Increasing Amount of Consumers are Healthy and Ethical, Growing Concerns about Beverage Safety and Increasing Awareness of Animal Welfare
Challenges:
Rising Preference Towards Homemade Beverages
Restraints:
Consumption of Chemical Residues in Beverages Can Cause Allergens
Opportunities:
Rising Health Consciousness Among Consumers
Market Leaders and their expansionary development strategies
On December 7, 2023, Califia Farms unveils a line of protein-infused oat milk in flavors like Chocolate Peanut Butter and Mocha Almond Latte, targeting fitness enthusiasts and expanding its offerings. This successful launch of oat milk will help Califia Farms maintain its position in the market as a leader.
Key Target Audience
Manufacturer, New Entrants and Investors, Venture Capitalists, Government Bodies, Suppliers & Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.