Market Research Future (Food and Beverages) Plant-Based Beverages Market Research Report | Page 3

Plant-Based Beverages Market Research Report – Forecast to 2023
2 Market Overview
The global plant-based beverages market has been segmented based on source, packaging type, distribution
channel, and region. On the basis of source, the market has been segregated into fruits, vegetables, nuts, and
others. Based on packaging type, the market has been divided into bottles, pouches, cartons, cans, and others. By
distribution channel, the market has been classified as store-based and non-store-based.
On the basis of region, the global plant-based beverages market has been segmented into North America, Europe,
Asia-Pacific, and the rest of the world. The North American plant-based beverages market has further been divided,
by country, into the US, Canada, and Mexico. The country-level European plant-based beverages market are the
UK, Germany, France, Italy, Spain, and the rest of Europe. The plant-based beverages market in Asia-Pacific has
been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The plant-based
beverages market in the rest of the world has been classified as South America, the Middle East, and Africa.
Regional Analysis:
Globally, North America is expected to dominate the market for plant-based beverages during the forecast period
owing to the technological advancements in the food industry and the rising adoption of healthy eating habits.
Aggressive marketing strategies by manufacturers in the food & beverage industry are expected to further propel the
demand for plant-based beverages in the region. The plant-based beverages market in Europe is expected to
register the highest CAGR during the review period due to the increasing adoption of healthier eating habits and
consumer awareness of health and wellbeing. The rising adoption of veganism in countries such as Germany and
Italy is expected to boost the consumption of plant-based food and drinks, thereby, fuelling the growth of the market
in the region.
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