Plant-based waters are the alternatives to the regular drink and provide high amount of nutrition. Plant-based water are the new trend drinks which means the drinks are produced from the plants. Nearby all of the plant waters remain a lower-sugar, sustainable alternative to routine drinks. These provide trace amounts of nutrition, but like other drinks, it is considered to take in limited quantity due to their sugar levels. The most popular plants-based water are coconut water, aloe water, maple water or birch water. Based on the plant type, the water can be processed in numerous different ways. Plant based water may have extra health benefits.
Depending on the type of water and the additions, the calories and nutrients can vary. If u see at a few of the more popular waters, they may have small amount of sodium, potassium, calcium and magnesium. If the additional nutrients and calories are needed then nearby all plants-based water are not harmful or if a person eats a balanced diet then he should not have a need of plant-based waters. The plain water is always better than the plant-based water but if you enjoy the flavor of the plant-based waters and that allows you to drink the amount of liquid you need to be well hydrated then they are better option for you.
The demand for plant-based waters has been rising in the last few years. The plant-based waters are mostly used in sports and performance industry. The demand for plant-based water has also rising day by day as it gives instant nutrient and calcium. The major competitors of plant-based water in market are The Coca-Cola Company, PepsiCo Inc., All Market Inc., Oviva Maple Water Company, Cali water, LLC, World Waters, LLC, ARTY Water Company, Sibberi, DrinkSEVA, Steaz, Harmless Harvest and DRINK maple. So with these competitors plant-based waters have to compete in market. The innovative Packaging has a magnetic effect in rising the sales of the product.
The less calorie content present in the plant-based waters will boost the global market. Earlier the liquid from the trees was collected by the hole in the tree and bucket. But now, the firms are developing automated solutions that collects liquid hygienically from the tree. Drink companies are opting for contract manufacturing for souring liquid from trees. Supply chain of plant-based waters are more complex as compared to that of fizzy drinks which can hamper the growth of the product. On the other hand, sustainability challenges and lack of documented health claims might obstruct the growth of plant-based waters.
On the basis of product type, the plant-based water are divided into two categories, by product type and by flavor variant. There are various plant-based products in market like Coconut Water, Maple Water, Birch Water, Artichoke Water and Cactus Water. Coconut water is rich in potassium and it is popular for drinking before exercise because of its ability to hydrate and replenish electrolytes. Maple water has more than forty six bioactive nutrients including electrolytes, amino acids and antioxidants. Maple water can be good for diabetics. Birch water is a source of antioxidants, electrolytes and saponins has been used as a diuretic.
Artichoke water is rich in vitamin C and K, potassium, magnesium and folate. This water is good for the liver. Artichoke water contains antioxidants and phytonutrients and it is the good source of fiber. Cactus Water is high in vitamin C, minerals and electrolytes and helps with inflammation. Cactus Water is benefited for skin health and help with under-eye puffiness and it has antioxidants including betalains. The plant-based water market in terms of flavor type is segmented as flavor and original. Plant-based water occurrence is natural in nature and is mostly available as flavor and non-flavor. Unflavoured plant-based waters dominate the market of flavor type.
The application for plant-based water is Online Sale, Retail Stores and Cafes & Fitness Centers. Online sales hold the major market share of plant-based waters and online sales plays a vital role in marketing of products. The ease of accessibility of the product and hectic lifestyle of people has led to the popularity of online sales. The retail stores accounted for the next highest share of market and are expected to boom with highest CAGR of about twenty three percent. This stores have continuously evolved and will continue to increase in number payable to the broad portfolio of the product.
The plant-based water are split into various regions of Asia Pacific which are as follows: China, Japan, South Korea, Taiwan, India, Southeast Asia and Australia. Asia Pacific provides huge opportunities in the future for the players as packages and branded coconut water use an untapped market in countries such as India etc. due to rich supply of coconut and is non-branded and unorganized class.
Plant based Water Market : Segmentation
Plant based Water Market : Application
Plant based Water Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Plant based Water Market :
Geographical analysis of Plant based Water Market :
Global Plant based Water Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD million |
Forecast Value (2030) |
USD million |
CAGR (2022 to 2028) |
% |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Plant based Water Market was valued at around USD million in 2023 & estimated to reach USD million by 2030.
Plant based Water Market is likely to grow at compounded annual growth rate (CAGR) of % between 2024 to 2030.
Plant based Water Market is dominated by the Coconut Water segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Plant based Water Market are
Primary driving factors for the growth of the Plant based Water Market include Growing demand from the sports and performance industries along with rising health conscious consumer base.
Yes, the report includes COVID 19 impact on the market.
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