Plant-Based Waters Market was valued at USD 3.98 billion in 2021 and is predicted to reach USD 13.61 billion by 2028, at a CAGR of 19.2%.
Plants such as coconut, watermelon, cactus, maple, and others are used to make or extract the drinks. Water can be harvested or processed in a variety of ways depending on the plant species. The beverage business has dominated the global market with its new product flavours. The major players are continually refining technologies for extracting a wide range of plant-based fluids. Plant-based waters have become increasingly popular in recent years.
Despite the fact that many of the waters have been used in various cultural practises, such as the production of coconut water, the sports and performance sector has contributed significantly to their popularity. In addition, the food and beverage industry had already begun to extract liquid concentrate from fruits and supply it in the form of juices, but enhanced R&D has resulted in the creation of substitute waters that are increasingly displacing plain water in various regions of the world. A positive high growth likelihood has also been predicted for the market for plant-based waters throughout the course of the projection year.
This stands out in light of the recent situation involving Pepsi and Coca-Cola, both of which had been preparing to market packaged coconut water in an effort to establish themselves in the worldwide plant-based water market. Due to companies’ competition to make plant-based beverages rather than traditional drinks, consumers have recently chosen to purchase healthier organic drinks rather than aerated ones.
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Market Segmentations:
Global Plant-Based Waters Market: By Company
• PepsiCo
• Caliwater
• Happy Tree Group
• Sibberi
• Steaz
• DRINKmaple
• Harmless Harvest
• The Coca-Cola Company
• World Waters
• ARTY Water Company
• DrinkSEVA
• All Market
• Oviva Maple Water Company
Global Plant-Based Waters Market: By Type
• Coconut Water
• Maple Water
• Birch Water
• Artichoke Water
• Others
Global Plant-Based Waters Market: By Application
• Flavored Plant-Based Waters
• Original Plant-Based Waters
• Others
Global Plant-Based Waters Market: Regional Analysis
The regional analysis of the global Plant-Based Waters market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Plant-Based Waters market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Plant-Based Waters in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Plant-Based Waters in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Plant-Based Waters in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Plant-Based Waters in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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Objectives of Plant-Based Waters Market Study:
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