October 11, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Plant-based Waters Market Insights, Forecast to 2025’, the worldwide plant-based waters market is predicted to amass US $12000 million by the year 2025.
Plant-based waters are non-alcoholic beverages, extracted directly from plants or fruits, having high concentration of nutrients and vitamins. Changing preferences and increasing health concerns of the customers towards healthy beverages will fuel plant-based waters market growth.
The product is receiving significant demand due to popularity that stems from sports and performance industry. These products are combined to offer targeted package of lifestyle, convenience and taste coupled with wellbeing appeal. Growing awareness for healthy diet among customers, along with social marketing activities aimed at changing consumer’s behavior is propelling plant-based waters market.
As per the new research, plant-based waters market was worth US $2980 million in 2018 and is projected to grow at 19% CAGR over the forecast timeframe. The report also provides a comprehensive insight about segmental growth, trends, drivers, challenges, and opportunities impacting the industry growth.
The global plant-based waters market is studied on the basis of product type, end-use spectrum and geographical landscape. Speaking of the product type, the market is fragmented as original and flavored. While considering the end-use spectrum, the market is segmented as birch water, coconut water, artichoke water, and maple water.
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Based on the geographical landscape, the market is divided into five major regions; India, Singapore, China, Indonesia, Japan, Australia, Thailand, Malaysia, South Korea, Vietnam, and Philippines fall under Asia Pacific; North America consists of Canada, United States, and Mexico; South America comprises of Brazil and rest of Central & South America; Turkey, South Africa, Egypt, and GCC countries come under Middle East & Africa region; and Europe comprises of France, UK, Italy, Germany, Russia, and Spain.
The prominent players operating in plant-based waters market include Oviva Maple Water Company, PepsiCo, All Market, Caliwater, DrinkSEVA, Happy Tree Group, ARTY Water Company, Sibberi, World Waters, Steaz, Harmless Harvest, DRINK Maple, and the Coca-Cola Company.