Global Plant Based Water Market was valued at USD 3.98 Billion in 2021 and is expected to reach USD 13.61 Billion by the year 2028, at a CAGR of 19.2%.
The plants including coconut, watermelon, cactus, maple, and others are used to produce or extract the drinks. The water can be harvested or treated in several ways depending on the type of plant. The beverage business has successfully dominated the world market due to its cutting-edge product flavors. Technology for the extraction of various plant-based fluids is constantly being improved by the major players. Plant-based waters have become more and more popular in recent years. Although many of the liquids have been used for cultural purposes, such as coconut water, the sports and performance sector has contributed significantly to their appeal.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
Top Key Players Covered In The Plant Based Water Market:
PepsiCo Inc.,World Waters,All Harmless Harv,Market Inc.,Caliwater LLC,Sibberi,DrinkSEVA,Steaz,The Coca-Cola Company,Oviva Maple Water Company,ARTY Water Company,Happy Tree Group and major key players.
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Market Dynamics and Factors:
Plant-based fluids are alternatives to common drinks and can provide a lot of nutrition. Some of the plant water is still an environmentally friendly, lower-sugar alternative to standard beverages. These plant waters aid in providing traces of nourishment, but like other drinks, they are thought to be best consumed in moderation due to their high sugar content. People are moving towards a healthier lifestyle as they become more conscious of their health. The sales of the goods are magnetically increased by creative packaging. The plant-based waters' reduced calorie content will speed up the global market. In the past, the sap from the trees was collected using a bucket and a hole in the tree. However, businesses are currently developing automated systems that aseptically compose sap from the tree. To source tree sap, beverage businesses choose contract production.
Waters with positioning like premium, organic, craft, and not from concentrate are creating a profitable possibility in the plant-based water market, which presents major opportunities for the key players with their specific brands. In addition, plant-based water is being developed and expanded globally to capitalize on consumer preferences for these products. During the projected period, new lucrative opportunities will be created by high investment in the development of natural plant-based water that boosts immunity and by research into new plant water sources to provide consumers with a new product with a nutritious flavor.
Plant-Based Water Market Segmentation:
By Type
- Coconut Water
- Maple Water
- Cactus Water
- Artichoke Water
- Others
By Flavor Variant
- Flavored
- Original
By Pack Types
- Pouches
- Cans
- Cartons
- Bottles
- Others
By Distribution Channels
- Online Sales
- Retail Stores
- Cafes & Fitness Centers
Key Industry Development:
In May 2021, PepsiCo Inc., a leading global food & beverage company, launched Soulboost, an enhanced sparkling water made with functional ingredients. There are two varieties of the drink: Lift and Ease. Lift contains 200 mg of ginseng to help maintain mental stamina; Ease contains 200 mg of theanine, which helps in relaxation.
In March 2021, F&B Giant Nestlé S.A. announced the acquisition of Essentia Water, a premium functional water brand headquartered in Washington. The company is improving its portfolio to focus on international mineral and premium water brands as well as healthy hydration products, such as functional water.
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For this report, Introspective Market Research has segmented the Plant Based Water Market based on region:
By Regional Outlook
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Scope of the Report:
The latest research on the Plant Based Water market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Plant-Based Water industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Plant Based Water market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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