According to a market report, published by Sheer Analytics and Insights, the total u.s. plant-based beverages market was valued at $6.1 billion in 2021 and it is expected to reach $19.3 billion at the CAGR of 10.8% through the forecast period. Plant-based beverages such as rice milk, soy milk, almond milk, and other are highly demanded beverages in the U.S market. Health-conscious consumers prefer to consume plant-based alternative drinks because they are low in fat, cholesterol-free, and lactose-free. After COVID-19, Key players are spreading awareness and campaigns to promote their new healthy drinks product launches in the U.S market. Therefore, these campaigns are helping people across the country to shift themselves from unhealthy drinks to plant-based alternative beverages.
In present days, almond milk as an alternative plant-based drink has several benefits as dairy milk. It has good sources such as vitamins, potassium, and protein. Therefore, almond milk is widely consumed by people living in the U.S. In addition, almond-based alternative beverages are dominating the U.S market with a 50% of annual share. Moreover, consumers are also eager to use rice milk as alternative plant-based beverages for their daily intakes.
Based on type, plant-based beverages are divided into milk and other drinks. The milk division held a larger market share in the past few years. Non-dairy milk is also growing in demand among a large number of consumers in the U.S who have become health conscious after the heavy pandemic situation of COVID-19. However, the growing cases of lactose intolerance are the main reason for U.S consumers to choose an active lifestyle by consuming plant-based alternative beverages. Thereby, the market is expected to have a growth during the forecast period between 2022 and 2032.
Request a Sample Copy of Report: https://www.sheeranalyticsandinsights.com/request-sample/us-plant-based-beverage-market-21
Plant-based alternative beverages such as oats-milk, almond-milk among dairy and nondairy milk are available in restaurants, cafes, and hotels. Therefore, consumers who are focusing on increasing their immunity and taking care of their health, can visit restaurants, cafes and eat plant-based beverages instead of unhealthy drinks. The soy-based alternative beverage is also expected to witness growth during the forecast period in the U.S market. Growing demands for plant-based alternative beverages are helping manufacturing companies to launch more products and stay ahead in the competitive market across the country.
Key players such as Danone S.A, Pacific Foods of Oregon, Blue Diamond Growers, The White Wave Foods Company, Alianza TEAM U.S.A, ASHOC Energy Company, Monster Beverage Corporation, Living Harvest Food Inc., Organic Valley, Panos Brands LLC, Eden Foods, and Hain Celestial Group are dominating the U.S market by producing new alternative plant-based beverages and launching them in the market to fulfill the rising demand of consumers. These major companies are expanding their market growth by implementing new marketing strategies such as innovative product launches, partnerships, and agreements with other industries to stay ahead in the competition.
U.S Plant-Based Beverages Market Has Been Segmented Into:
U.S Plant-Based Beverages Market – by Product Type:
U.S Plant-Based Beverages Market - by Source:
U.S Plant-Based Beverages Market - Distributional Channel:
U.S Plant-Based Beverages Market – by Region:
Click full report at https://www.sheeranalyticsandinsights.com/market-report-research/us-plant-based-beverage-market-21
About Us
Sheer Analytics and Insights Private Limited is market research, consulting, and IT services company. We as a company believe in providing point to point data and its analysis with the combination of our human and automation integration. Sheer Analytics and Insights cover majorly eight industry verticals, including chemicals, life science, communications, and electronics, materials, consumer goods, defense, and BFSI sector.
Sheer Analytics believes in quality work and ensures that the product delivered to the client is meaningful for them. We publish reports based on our advanced analytics reports, which are generated with the help of our in-house databases, external databases, and artificial intelligence integration processes. We stand out from other market research companies in terms of integrating facts with meaningful insights for forecasting.
Apart from publishing syndicated reports (mostly client reports), we are dealing with projects primarily based on "Go to Market Strategy, Data Mining and Extraction," meaning full data analysis based on big data and many other database services and content related services.
Our products include quick turnaround datasets, TAM/PAM Analysis to full-fledged deep dive research on top trending markets.
Contact:
Abhigyan Sengupta
Sheer Analytics and Insights
Email: query@sheeranalyticsandinsights.com
+1-414-240-5010