Unlocking Growth: Business Opportunities in the Global Plant-Based Beverages Market
The global plant-based beverages market was valued at USD 26.80 billion in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. The growing demand for plant-based beverages—including options such as plant-based milk and smoothies—can be attributed to their perceived health benefits, nutritional value, and minimal environmental impact, particularly in terms of their lower contribution to the global carbon footprint. These beverages are gaining popularity not only among health-conscious individuals but also among people who are lactose-intolerant, providing an inclusive alternative to traditional dairy-based drinks. One of the primary market drivers is the rising global trend of veganism, which is significantly influencing consumer behavior and product demand. A research study conducted by the British Nutrition Foundation (BNF) in ...