(Entertainment-NewsWire.com, August 15, 2018 ) Plant Based Waters Market size will surpass USD 10 billion by 2024 according to a new research report by Global Market Insights, Inc.
Sedentary lifestyles and the rising appetite for natural and healthy drinks are the key factors spearheading the growth of plant-based waters market over the forecast timespan. The rising health issues due to the consumption of carbonated drinks have accelerated the growth of the market. Problems associated with the intake of carbonated drinks include heart diseases, obesity, diabetes, cancer, digestion issues, tooth decay, etc. The product is an alternative to artificially sweetened beverages which will upscale the demand for the product between 2017 and 2024.
Trend of healthy hydration has gained momentum over the past few years. The nutritive contents of the alternative waters will broaden the prospects of the product market in future. Attractive packaging by manufacturers is also one of the major factors contributing to the popularity of the product. The manufacturers have leveraged the innovative technology and are continuously developing striking packaging solutions. The growing packaging industry will leave a positive impact on the product market as there are frequent innovations in this industry to preserve the waters for an extended period.
The factor which can hinder the market growth is the short consumption duration after opening of the packed product. Every product has different life span for which it can be consumed. The alternative waters require cold chains to refrigerate them so that their shelf life can be extended. Also, the lack of awareness among the consumers of the latest trends in beverage industry can impede the growth of the market.
The market is experiencing increased sales of alternative waters such as cactus water, bamboo water, olive water, etc. Maple water and birch water are the new buzzwords in the beverage market. Maple water is projected to cross a revenue of USD 0.9 billion by 2024 and its market will continue to expand at a robust rate. Bottles constitute a significant part of packaging of plant-based waters and are expected to rise with a CAGR of 20.2 %.
Cafes & fitness centers have become increasingly popular in today’s era, which will drive the market for the product. The rising obese population in North America will bring profit to the manufacturers of the product due to the increased sales. There is an enormous potential to tap the coconut water market in Middle East and Africa, but the price and sourcing can obstruct the market in the region.
The plant-based waters market structure is fragmented in nature with most of the players sprung up from U.S., U.K., Finland, Denmark, Russia and other European countries. Local companies are trying to establish footprints in the international markets. Some of the key companies include DRINKmaple, Sibberi, Caliwater LLC, Happy Tree Group, PepsiCo Inc., Harmless Harvest, World Waters, LLC, Steaz, ARTY Water Company, The Coca-Cola Company, All Market Inc., DrinkSEVA and Oviva Maple Water Company.
TABLE 3 Global plant-based waters market volume by product, (Kilo Tons), 2013 - 2024
TABLE 4 Global plant-based waters market revenue by product, (USD Million), 2013 – 2024
TABLE 5 Global plant-based waters market volume by flavor variant, (Kilo Tons), 2013 - 2024
TABLE 6 Global plant-based waters market revenue by flavor variant, (USD Million), 2013 – 2024
TABLE 7 Global plant-based waters market volume by pack type, (Kilo Tons), 2013 - 2024
TABLE 8 Global plant-based waters market revenue by pack type, (USD Million), 2013 – 2024
TABLE 9 Global plant-based waters market volume by distribution channel, (Kilo Tons), 2013 - 2024
TABLE 10 Global plant-based waters market revenue by distribution channel, (USD Million), 2013 – 2024
TABLE 11 Global plant-based waters market volume by region (Kilo Tons), 2013 - 2024
TABLE 12 Global plant-based waters market revenue by region (USD Million), 2013 - 2024
TABLE 13 Industry impact forces
TABLE 14 Global plant-based waters market for coconut water (Volume & Revenue), 2013 – 2024
TABLE 15 Global plant-based waters market volume for coconut water, by region (Kilo Tons), 2013 – 2024
TABLE 16 Global plant-based waters market revenue for coconut water, by region (USD Million), 2013 – 2024
TABLE 17 Global plant-based waters market for maple water (Volume & Revenue), 2013 – 2024
TABLE 18 Global plant-based waters market volume for maple water, by region (Kilo Tons), 2013 – 2024
TABLE 19 Global plant-based waters market revenue for maple water, by region (USD Million), 2013 – 2024
TABLE 20 Global plant-based waters market for birch water (Volume & Revenue), 2013 – 2024
TABLE 21 Global plant-based waters market volume for birch water, by region (Kilo Tons), 2013 – 2024
TABLE 22 Global plant-based waters market revenue for birch water, by region (USD Million), 2013 – 2024
TABLE 23 Global plant-based waters market for artichoke water (Volume & Revenue), 2013 – 2024
TABLE 24 Global plant-based waters market volume for artichoke water, by region (Kilo Tons), 2013 – 2024
TABLE 25 Global plant-based waters market revenue for artichoke water, by region (USD Million), 2013 – 2024
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
