Market Size – USD 3.98 Billion in 2021, Market Growth - CAGR of 19.2%, Market Trends –the increasing demand from electronics industry is widening the scope for Plant Based Water Market.
According to the current analysis of Introspective Market Research, the 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 drinks are produced or extracted from the plants such as coconut, watermelon, cactus, maple, and others. Based on the plant type, the water can be extracted or processed in several ways. The gaining popularity of plant-based waters has been increasing in recent years. While many of the waters have been utilized for cultural regions for example coconut water, much of the popularity gain from the sports and performance industry. Plant-based waters are the substitutes to the routine beverages and can offer high amount of nutrition. Many of the plant waters remain a lower-sugar, sustainable substitutes to routine beverages. These provide trace amounts of nutrition, but like other beverages, it is considered to limit the intake owing to their sugar levels.
People have become more aware of their health and are shifting towards a healthy lifestyle. Creative packaging has a magnetic effect in raising the sales of the product. The low-calorie content present in the plant-based waters will hasten the global market. Key opportunities for the key players with their certain brands can be found by supplying waters with positioning such as premium, organic, craft, and not from concentrate are create the lucrative opportunity in the plant-based water market.
Plant-Based Water Marketsegmented by Product Type (Coconut Water, Maple Water, Cactus Water, Artichoke Water, Birch Water, Aloe Vera Water, Watermelon Water, And Others), Flavor Variant (Flavored And, Original), Pack Types (Pouches, Cans, Cartons, Bottles, And Others), Distribution Channel (Online Sales, Retail Stores, Cafes & Fitness Centers,), and region.
Some of the key players for the plant-based water market are 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 others.
Regional Outlook (Revenue in USD Billion; Volume in Units, 2021-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM