With 12.70% CAGR, Plant-Based Beverages Market Size to Hit US$ 54.09 Billion by 2027
The latest research study " Plant-Based Beverages Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 " by IMARC Group, finds that the global plant-based beverages market size reached US$ 24.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.09 Billion by 2027, exhibiting a growth rate (CAGR) of 12.70% during 2022-2027. Plant-based beverages represent healthy drinks that are manufactured and processed from plant materials, such as grains and seeds, and extracted in water. Some of the commonly available plant-based beverages are rice milk, soymilk, tea, coffee, etc. Plant-based beverages are low in calories and rich in protein, calcium, vitamins A and D, B-complex, DHA omega-3s or probiotics, etc. They are generally consumed as an alternative to dairy products as they comprise of a healthy combination of mono- and polyunsaturated fats and have zero concentration of lactose. As a result, plant-based beve