The Global Plant-Based Food Beverages Alternatives Market is forecasted to be worth USD 32.29 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include growing demands for a plant-based meat dairy alternatives amongst the lactose intolerants other patients associated with ailments that forbid the ingestion of meat.

Besides, a higher growth in the vegan population, rising concerns with the weight management, higher emphasis on weight loss have been some of the additional reasons behind the colossal growth of the market. Some of the plant-based milk have been very effective on enhancing antioxidant degree, providing exceptionally low sugar calorie content, working as an efficient source of calcium for the bones providing high bone density, digestive health weight management

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Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Plant-Based Food Beverages Alternatives market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

Some players analyzed in the report are:

Blue Diamond Growers Inc., Before the Butcher LLC, Califia Farms LP, Daiya Foods Inc., Field Roast Grain Meat Co. Inc., Impossible Foods Inc., Amy’s Kitchen, Boca Foods Co., ConAgra Brands Inc., and Danone S.A., among others.

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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.

Emergen Research has segmented into the global Plant-Based Food Beverages Market on the basis of Product Type, Source, Distribution Channel, and Region:

Product Type Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

Plant-Based Dairy

Plant-Based Milk

Plant-Based Cheese

Plant-Based Creamers

Plant-Based Butter

Plant-Based Yogurt

Plant-Based Meat    

Others

Source Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

Soy

Wheat

Almond

Corn

Others

Distribution Channel Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)

Supermarkets/Hypermarkets

Convenience Stores

Specialty Stores

Online Stores

Others

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Key Highlights of Report

In October 2019, Blue Diamond Growers Inc., a US-based co-operative announced the launch of a new beverage portfolio comprising the Almond extract and named it Almond Breeze Almond milk in the Mexican Hot Chocolate flavor.

Plant-Based Dairy, being the most used plant-based alternatives and having a large number of uses cases in food beverages, take up the is expected to lead in the forthcoming years. The Plant-Based Dairy sub-segment in Product Type segment had 65.7% market share in the year 2019.

Different studies suggest that many of the plant-based milks are capable of providing non-GMO and a glutton-free diets with additional vitamin source to help create a higher rate of fat-soluble antioxidant and also works fine for the vegan diet lifestyles.

The report addresses the following key points:

The report estimates the expected market size from 2020-2027

The report provides a forecast of market drivers, restraints, and future opportunities for the Plant-Based Food Beverages Alternatives market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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